Main reasons my team invest in Evergreen at this level: 1. Technically oversold 2. Share buy back opportunity from company 3. Regular saving from unit trust institutions / fund managers 4. Net cash projection forecast from financial analysis starting year 2017. 5. Weakening of Ringgit against USD
If u guys interested for discussion about Evergreen growth, do email me at ariesjunior@yahoo.com
aries_saham, stop telling lies or to calm the bad sentiments in Evergreen. It is heading to a free-falling collapse!
1. Technically oversold
PEAKED IN FIRST WEEK OF 2016 AND IT HAS COLLAPSED SINCE THAT TIME. LOOK AT CHART. IT IS TRADING BELOW 100-DAYS MOVING AVERAGE AND IS ABOUT TO GO BELOW 200-DAYS MOVING AVERAGE. ONCE IT IS BROKEN DOWN, THERE IS NO STOPPING.
2. Share buy back opportunity from company
UNTIL NOW, NO SHARE BUY BACK IS EVER DONE. THIS IS DUE TO EVERGREEN'S WEAK FINANCIAL SITUATION. GO LOOK AT ITS BALANCE SHEETS AND U WILL KNOW IT AMASSED MASSIVE DEBTS RM 205,257,000 AND ITS CASH IS INSUFFICIENT BECAUSE HAVE TO PAY THE GIANT TRADE PAYABLE AND OTHER SHORT TERM LIABILITIES.
3. Regular saving from unit trust institutions / fund managers
ANY SUCH THING? WHERE IS PROOF? NO PROOF, DON'T TALK COCKS.
4. Net cash projection forecast from financial analysis starting year 2017.
THIS IS SO DAMN WRONG. EVERGREEN GOING NET CASH? U CAN DREAM THIS IN 3 YEARS LATER. LOOK BACK WHAT I CALCULATED FOR U ALREADY.
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
5. Weakening of Ringgit against USD
THIS IS GOOD FOR EXPORTERS BUT EVERGREEN RELIES ON 95% OF ITS REVENUES FROM MDF AND 5% FROM RTA ONLY. WHEN EXPORT PRICE FOR MDF COLLAPSE, WHAT HAPPEN TO ITS REVENUES? TOO RISKY AND NOT DIVERSIFIED.
Bad times ahead for the Malaysian economy. Best u accumulate shares of companies that are cash-rich with low debts and still posted steady double-digit profit growth, HEVEA is one of them. There are a few good ones out there doing exports because the RM will be subdued due to Malaysia's election & political risks and also further strengthening of USD with more Fed's rate hikes this year so RM is going to be weak for longer time.
Evergreen's future is weak. Massive debts, low cash after huge short term liabilities, inconsistent profit margins. What else is it can offer or any clear sign or indication that it can deliver better profits or growth?
Must be lose so much money until bankrupt after borrowed margins and brokerages forced sell their margin contracts! Really "dai sei" people. Told them don't gamble. Worth a laugh on them for trying to ask people to buy and support when fundamentals not so good.
from what you wrote and on your act of cutting loss... i can tell that you are a complete loser.. haha.. pls la.. write something more informative and constructive.. not shxt or nonsense..
u r just a typical short-term speculator who does not even understand what investment is all about...
there are 2 things that i can understand from what you wrote: 1) first, you acknowledge/admit that Evergreen's fundamentals are strong 2) second, as mentioned above, you feel that these nice numbers are "shit / fake" and not real... are u the auditor of evergreen's account? you have audited their accounts and found out they made fake numbers? if yes, please flag this to SC, pls ya....
else, stop talking cxck... u lose money in Evergreen as you fully deserve it, LOSER!!!
LOL u really blind? Where is Hevea's stock price? Where is Evergreen's stock price?
Evergreen has no hope with profit margins squeezed. High debts, low cash after giant short term payable and other liabilities. Run out of cash and urgent need of fund-raising cash-call soon that is why insiders dumped Evergreen shares hard. only idiot like stockraider and his other disciples buy and seeing their money burnt.
Sor zai Dolly lose so much money in Evergreen until become mentally unstable.
How is a company spent RM30-50m annually on CAPEX since 5 years ago but unable to deliver double-digit profit margins and inconsistent over the years? Management siphoned money or corruption within the company? Dolly will have no answer.
Why the MASSIVE debts RM 205,257,000 barely been reduced over the years? Evergreen earns just RM 17.86m per quarter so how long does it need to repay the debts or break-even?
So u keep singing Evergreen is undervalued? Let me show u an example similar to it. That similar case is LONBISC which is even MORE undervalued than EVERGREEN lah then what happened to its stock?
LONBISC makes consistent profits every quarter. Its share price is RM 0.755 to its NTA 2.16 and yeah that is about 3.15x times cheaper to its NTA. How does it perform over the years? Fallen and consolidated over the years.
U must be seeing it is similar to EVERGREEN such as INCONSISTENT dividend payout among others.
Cash - Total borrowings = (-44,949,000) Cash - Total liabilities = (-227,719,000)
EVERGREEN is a TOTAL "NET DEBTS" company!! It earns only averagely RM 17.86m of Net Profits per quarter. So how does it able to do so many things like the following leh:
1) CAPEX averagely RM 30m annually 2) Give out dividends to retain long-term investors/shareholders? Not enough cash. 3) Restarting particleboard segment 4) Starting RTA
HOW DO U THINK EVERGREEN IS ABLE TO "FORK OUT" MORE MONEY TO SPEND THIS YEAR?
BORROW MORE MONEY? FUND-RAISING?
Insiders must be dumping hard. When RIGHTS ISSUES exercise is announced, u wished that u should have run earlier.
U see the following dividends history of EVERGREEN:
FY05: 33 sen FY06: 5 sen FY07: 7 sen FY08: NONE FY09: 4 sen FY10: 5.5 sen FY11: 1.5 sen FY12: 1 sen FY13: NONE FY14: NONE FY15: 1 sen FY16: NONE. Only Bonus Issue 1:2
With the MASSIVE BORROWINGS and INSUFFICIENT CASH, this NET DEBTS company is CLEARLY UNABLE TO GIVE OUT DIVIDENDS. So how does it keep or RETAIN its Existing Shareholders or Investors leh?
Starperformer let Dolly & gang masuk jail la they probably pick up and accumulated want to be rich overnight like you say that shit stock only break even 11.5 quarter time meaning to say their investment being lockup for at least 3 years minimum can't sell also cos is a corner stock. When they sell the probability is sell down cos no volume so sure rugi therefore they rather served their jail term until Evergrn start to fly which in their fictitious dream this will ever happened. If free go buy a basket of fruits go visit them la
Mags, One of them borrowed margins to play this stock. All I can say is that person is owing the brokerage firm a lot of money. It's also funny that person is using multiple ID to promote this stock. Funny, right?
Told him don't gamble lah but he being stubborn. Now he owe a lot of money and still suffering HUGE paper loss.
I just posted based on REAL FACTS to warn but that loser started to be abusive. Look what happened to Evergreen now...all dirt on surface.
- look at the massive DEBT now... - look at the share price now...
are u blind or what?
U have not read my explanations?
Massive debt? r u kidding me? what is its net debt/equity ratio? share price now? SPECULATOR... i dun care the price now.. i care when it can reach in mid to long term...
this is the main difference betw me (value investor) and you (loser speculator)
u have been saying that you are givng facts... come on la. dun laugh die me...
even new-comer myongcc5 can tell who has wisdom and who is just a jerk...
very obvious la.. stop tweaking and manipulating ur so-called "facts" la plz... it is very digusting u know?
to me, u r just a low-class kindergarten kid who does not even understand basic accounting ratios, but boasts like a PHD graduate... not disgusting meh? pui!!!!
It is widely known that this useless faih-chai Dolly loves balls. He talks of balls everyday. If u so love other peoples' balls then u can go to gay bars and not here. LOL
WOW why Evergreen fallen from 0.98 to 0.86 leh? Fundamentals no good loh. Need more convincing facts then read what I exposed lah. All dirt are on surface mah. The Faih-Chai Dolly stuck in it so deep he will sing to defend evertime. Ha ha!!
Did u ask or tell Evergreen's management to reduce that MASSIVE debts? Not good for shareholders. LOL
Also did u ask them "WHY" the company spent RM30-50m CAPEX annually for many years already but profit margins so inconsistent and underperformed? Maybe someone in the company siphoned money out back to Taiwan? Hmm...
Hevea shareholders receiving dividends this week loh. Dump all ur Evergreen cut lost loh. Evergreen in MASSIVE debts CANNOT AFFORD to give out dividends lah. Don't be stubborn, be smart mah. LOL
Hevea is too solid lah. Hold Hevea can sleep well at night while u have nightmares if u keep holding Evergreen shares and no dividends some more.
Compare mah:
HEVEA Cash: 128,443,000 Total borrowings: 15,489,000 Total liabilities: 93,118,000
Take the latest 4 quarters results: (28.006m + 17.233m + 15.161m + 20.268m) / 4 qtrs = 20.167m averagely Net Profit per qtr.
Hevea earns RM 20.167m of net profit per qtr.
Hevea has a lot of cash & you must be envy. How is Evergreen doing? LOL
EVERGREEN Cash: 160,308,000 Total borrowings: 205,257,000 Total liabilities: 388,027,000
Take the latest 4 quarters results: (17.483m + 16.88m + 16.459m + 20.619m) / 4 qtrs = 17.86m averagely Net Profit per qtr. Evergreen earns RM 17.86m of Net Profit per qtr.
Hevea Where got solid leh ? NTA only Rm 0.85 when share price Rm 1.49 loh.....!!
Look at Evergreen more solid NTA Rm 1.35 when share price Rm 0.885 mah...!!
Once construction of factory of Hevea start all the cash of Hevea will be siphoned....u will say see share price of Rm 0.65...reflecting a bankrupt company loh....!!
Better sell hevea buy Evergreen or FLB loh....!! These management don con loh....!!
Someone is still trying to convince us that companies in capital intensive industries should not borrow to expand but use their internal cash reserve instead. Very sound business planning.
This issue on borrowing to expand business need Dolly advise la like what Starperformer mentioned how far a company can continue making whilst the debt keep ballooning. You think Evergrn like MAS meh or GLC Ah Jib Kor can bail out when no money and business is down as I say this is a Cina man company not rock solid as Top Glove. By then call for AGM meeting Dolly will go there arm with AK 47 and her Bazooka la.
REVISION FOR PEOPLE WHO DO NOT UNDERSTAND FINANCING OF EVERGREEN LOH...!!
Evergreen earns only RM 17.86m per qtr but with RM 205.257m of debt borrowings. Now buys subsidiary to do RTA. Current payables amounting RM 149.521m also have to pay so where got money to pay so many things?
RAIDER SAYS...IF EVERGREEN EARN RM 17.86M PER QTR....PER ANNUM MEANS X 4 LOH = RM 71.44M PER YEAR....!!
THIS MEANS....THE RETURN ON MONIES BORROWED IS RM 71.44M DIVIDE BY RM 206M DEBTS LOH = 35% RETURN PA....VERY EFFICIENT ON DEBTS LOH..!! COST OF DEBTS ONLY 6% PA
THIS NOT COUNT THE RM 160m CASH EVERGREEN IS HOLDING AS AT 31-12-2016 LOH......!!
SO HOW COULD EVERGREEN BANKRUPT BCOS OF ITS MASSIVE DEBTS AS STAR CLAIMED LEH ??
THATS WHY RAIDER & GANG BUY....BUY...BUY LOH.....!!
STILL ACCUMULATING LOH....!! BIG MARGIN OF SAFETY MAH....!!
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....
HowAh
963 posts
Posted by HowAh > 2017-03-11 07:20 | Report Abuse
Sei loh ... Year end ... I die oledi