@ivan: Looking at the list of companies you have invested, your selection seems to be quite good. Among the companies, I do not particularly like Tropicana and MKland. Anyway, that's my choice if i were to pick which companies to sell off.
Yes, are yfchong and smartag not reading the announcement at all? The impairment loss has been announced long time back in december. Now its just how they make the accounting, report 137 million lost in 4th Quarter 2017 and report 86 million gain in 1st Quarter 2018. If you do the math its still 51 millions impairment loss. This has been priced in since the announcement and should not be a surprise.
After the decomposition, oil n gas will no longer causing the group to lose money in the future per announcement.
If you are selling because of they will report the loss of 137 million in the latest report and ignoring the 86 million 'gain' they will report in next quarter then you are probably the stupidest ever investor. I will happily collect from you as I know they will report whatever they make profit in plantation n lumber from 1st of Jan till 30 of Mar plus this 86 million impairment gain. Easily 100 million earning next quarter
To be honest, its rare that a company will be so transparent to provide such a clear financial expectations to investors and potential investors. I rather to have this then all of sudden see a headline huge loss quarter report later. Takeaway is, if you can't take it then sell and leave it. I am pretty sure lot of institutions are sidelined and wait for the selloff and jump in on Monday.
Another thing, impairment loss just happens once, it is not going to cause any future earning loss. Impairment loss is just a decrease of asset, the decrease has been happening for many quarters till last November when they finally decided to ditch the oil n gas counter. Meaning that the 51 millions are all the money they have lost in since they went to o & g 4 years ago, it is not WTK lost 51 millions in the 4th Quarter of 2017.
One good example is, MBMR reported 200 million loss on 22-02-18. A lot of retail investors gt either heart attack and wanted to kill themselves as they think their retirement fund gone. On 23-02-18, MBMR drops only 0.87%, why? It is because these loss was due to the impair adjustment of 177 million + 61 millions.
What is income? Income is what you are expecting to continuously making every month, every quarter (imaging your salary). What is the real financial 'loss'? That's the opposite of income.
The problem of Wtk in these 2 years is not about of its asset (just look at its NTA), so the reduction of asset due to impairment loss is really not big deal. The BIG ISSUE of wtk is it has not making INCOME in the past quarters due to its oil and gas division. Its now finally ditches the division and now we can expect INCOME on wtk.
this WTK is a very daggerous stock , dun play I alreday sold long time ago when still around 90sen luckily for me I sold at high price , this wtk lowest 065sen and still cannot see bottom\and the boss is very jahat everytime only last minute only annouched the qr , so trap all gg and no way run nta near 3ringgit later join Parkson and Media for me I create a group for those super drop and NTA very hight > the top 3 is : Parkson , Media , WTK , those last time worth a few ringgit now no bottom fell Remember top 3 : WTK , PARKSON < MEDIA learn a lesson
Profit before tax - 3.84 million! WOW As a long time share holder, it has been really a while since the last positive profit before tax. Couple highlights.
1. Finally dumps Oil and Gas. Impairment loss of 160 millions results in reduction of asset. 2. Plantation making profit now! Wow, 0.4 million 3. Healthy cash flow, 32 million cash generated just in 4th Q of 2017. 4. Total cash in bank raised to 422 million from 390 5. 4th Q 2017 - Timber profit is 12.5 million, solid number. Highest than 3rd, 2nd and 1st Q of 2017.
knn this shit still.want to touch . last time 1 ringgit many profesional investors came out said undervalued . lowest ia 65sen and today qr lost until cannot see any shit . wtk is finish unless got big fish goreng like drb loss also can up if small holder sure dump .
WTK had been suffering operating losses was mainly due to the Oil and Gas segment. Timber segment is still contributing profit and now its plantation segment returned to black after started operation of new palm oil mill. Expect plantation to contribute more in future.
What a jokes is Inno worth more than WTK 40% in term of market capitalization even though both companies have the similar size of palm oil planted land. Not much chance to buy WTK at dirt cheap prices....must thanks to written off O&G segment. Lol
LOOK At its financial RESULTS ...shit of the shit counter. the WTK boss should compensate to those who bought early at high price and keep till now. but no...prefer TRANSFER company CASH to themselves insider...through HIGHER AND HIGHER ADMISTRATION COST every quarters!
time to enter the dragon...., completed the timber, manufacturing & trading. plantation... hope to met my TP..., end of this year.. expected 16,000 mt of CPO...& 4800mt PK, end of 2018.. waiting the Feb Production data.. Log luckily not export to USA if not sure kena belasah by TS Trump.. India expansion use all hill timber maybe later can consider WTK planted timber... chill
fr q to q performance timber maintain 32mil...manufac 7mil... excluding pome n plantation still better than 2017.... pome n ffb is adding on to timber n manufac
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Johnmajor
260 posts
Posted by Johnmajor > 2018-02-07 17:26 | Report Abuse
@ivan: Looking at the list of companies you have invested, your selection seems to be quite good. Among the companies, I do not particularly like Tropicana and MKland. Anyway, that's my choice if i were to pick which companies to sell off.