stockraider, How come you said the management stole 275% profit from the related land transaction??
The Purchase rice is arrived at based on a valuation conducted by Messrs. BT Properties on 20 May 2016. Taking into consideration all relevant factors, the market value of the unexpired 60 year leased interest in the Land, having an unexpired terms of about 30 years, with vacant possession and free from all encumbrances as at 20 May 2016 is RM11,785,000.00.
those buyers are no need to pay the land value which has been increased in several years and sell to hevea corporation FOC meh...hahaha
Smart choice. Net cash company and cash keeps adding up. Hevea has very low debts also can deliver double-digit profit margins. The same amount of money spent can yield higher returns here.
The principal activity of HEVEAGRO is the cultivation of gourmet fungi, packing, distribution and trading of all kind of edible fungi and agro products.
Cash - Total borrowings = 112,954,000 Cash - Total liabilities = 35,325,000
Take the latest 5 quarters results of Net profits: (28.006m + 17.233m + 15.161m + 20.268m + 25.693m) / 5 qtrs = 21.2722m averagely per qtr RM 15,489,000 total debts / 21.2722m NP = 0.73 qtr
Take the latest 4 quarters results: (28.006m + 17.233m + 15.161m + 20.268m) / 4 qtrs = 20.167m averagely per qtr RM 15,489,000 total debts / 20.167m NP = 0.77 qtr
Remarks: So Hevea's debts are so small according to its own earning power per quarter. Its cash keeps adding up at least RM 20m each qtr. Just 1 qtr is enough to clear out the debts and even after clearing the total liabilities, it has RM 35.325m EXCESS CASH.
Cash - Total borrowings = (-44,949,000) Cash - Total liabilities = (-227,719,000)
Take the latest 5 quarters results of Net profits: (17.483m + 16.88m + 16.459m + 20.619m + 21.029m) / 5 qtrs = 18.494m averagely per qtr RM 205,257,000 total debts / RM 18.494m NP = 11.1 qtrs to break-even
Take the latest 4 quarters results: (17.483m + 16.88m + 16.459m + 20.619m) / 4 qtrs = 17.86m averagely per qtr RM 205,257,000 total debts / RM 17.86m NP = 11.5 qtrs to break-even
Remarks: Evergreen's massive debts are so huge that it needs at least 12 quarters/ 3 years just to break-even with it while its competitors and peers are embarking on expansion dethroning it from being the largest market cap stock. It is unable to clear out the total liabilities that is why it always need to use loans to keep up with business trades, capex & other things. After minus all debts, it doesn't have cash and if it minus all total liabilities it is even troubling with -227.719m amounts owed.
Hevea not for losers like stockraider. I suggest he sell it if he has because I will pick up his shares. Look at his fallen Evergreen dropped until he doesn't have appetite for lunch later. Ha ha!!
Oooi shuistar, Go and check my postings in 2015 on Hevea la. I started calling everyone to buy when it is only 1.10 (then par value is $1) before even the split.
Hevea's FA is so solid that I can see its cash-pile is just going to increase RM 20m per each quarter. What is the situation in the world economies now? U have a strong company like Hevea earning above RM20m/qtr with the latest figure of Net profit RM 28.006m so how on earth those idiots don't see this is already a cash-cow?
Soon those idiots from other counters are flocking to Hevea. Hevea is officially the furniture maker with the biggest market cap since yesterday with the collapse of Evergreen. Our Hevea is also a double-digit profit margin company! So strong and solid. Ha ha!!
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....
Farge168
861 posts
Posted by Farge168 > 2017-02-28 16:58 | Report Abuse
Today volume low,operators unable to collect sufficient tickets,tomorrow will likely drop further,waiting to collect more.