Most important Rm 150 million highly automatic particle board factory come on stream on 2nd QTR 2017....this will come to take a big market share out of HEVEA and Mieco loh...!!
It is also the right time to capitalise the particle board shortage in msia and the world loh...!!
Borrowings Borrowings in the Group increased by approximately 3%, from RM199 million at the end of the previous financial year to RM205 million in the current financial year was majorly due to the financing of our new particle board line. The marginal increase seen was due to the pay down of loans early in the financial year from the proceeds of share issuance in December 2015. The Group’s gearing ratio shows a marginal drop from 19% in the previous year to 18% in the current financial year due to higher total equity. However, with higher cash and bank balances, our net gearing ratio decreased from 8% in the previous financial year to 4% currently.
What is the 'Gearing Ratio' A gearing ratio is a general classification describing a financial ratio that compares some form of owner's equity (or capital) to funds borrowed by the company. Gearing is a measurement of the entity’s financial leverage, which demonstrates the degree to which a firm's activities are funded by owner's funds versus creditor's funds.
The net assets per share in the financial year was RM1.39 compared to RM2.07 in the previous financial year. The drop in net assets per share was caused by bonus issue of 282 million shares on the basis of one bonus share for every two existing shares carried out during the financial year.
What are 'Retained Earnings' Retained earnings refer to the percentage of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business, or to pay debt. It is recorded under shareholders' equity on the balance sheet. The formula calculates retained earnings by adding net income to, or subtracting any net losses from, beginning retained earnings, and subtracting any dividends paid to shareholders.
Section 127 (2) of Companies Act, 2016 states that a company shall not purchase its own shares unless— a) the company is solvent at the date of the purchase and will not become insolvent by incurring the debts involved in the obligation to pay for the shares so purchased; b) the purchase is made through the stock exchange on which the shares of the company are quoted and in accordance with the relevant rules of the stock exchange; and c) the purchase is made in good faith and in the interests of the company
What is the 'Gearing Ratio' A gearing ratio is a general classification describing a financial ratio that compares some form of owner's equity (or capital) to funds borrowed by the company. Gearing is a measurement of the entity’s financial leverage, which demonstrates the degree to which a firm's activities are funded by owner's funds versus creditor's funds.
The Group’s gearing ratio shows a marginal drop from 19% in the previous year to 18% in the current financial year due to higher total equity. However, with higher cash and bank balances, our net gearing ratio decreased from 8% in the previous financial year to 4% currently.
Contrary to what CKCS wrote, the net debt of this company is quite low, at about RM44.4 mil after deducting the cash. Most of the remaining liabilities are for deferred tax (happy to pay if you make money) and trade payables (smart businessmen would love to drag payment ... just check with Mr Trump!). By the way, CKCS seems to have an axe to grind on Evergreen .... interesting, very interesting....
846,423,985 issued shares x 2 sen div = RM 16,928,478.70 will be paid out!
Where does the money comes from? Weighing in more of that MASSIVE DEBTS?
How much is the debts? RM 205,257,000 and counting..... why I said counting? The company needs more money to be spent on CAPEX and repayments. Use some business sense than entirely on accounting.
Does the quarter profit increases? As reported last few quarters are still weaker all reported to be lower than previous years. Is this not a descending trend? That explains why profit margins are SQUEEZED look here:
How many more times it can give out candies to those who are stuck? That is why this is not suitable to hold long term sure will be disappointing. Those stuck long time already don't bother to check much
Section 127 (2) of Companies Act, 2016 states that a company shall not purchase its own shares unless— a) the company is solvent at the date of the purchase and will not become insolvent by incurring the debts involved in the obligation to pay for the shares so purchased; b) the purchase is made through the stock exchange on which the shares of the company are quoted and in accordance with the relevant rules of the stock exchange; and c) the purchase is made in good faith and in the interests of the company
The Group’s gearing ratio shows a marginal drop from 19% in the previous year to 18% in the current financial year due to higher total equity. However, with higher cash and bank balances, our net gearing ratio decreased from 8% in the previous financial year to 4% currently.
What are 'Retained Earnings' Retained earnings refer to the percentage of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business, or to pay debt. It is recorded under shareholders' equity on the balance sheet. The formula calculates retained earnings by adding net income to, or subtracting any net losses from, beginning retained earnings, and subtracting any dividends paid to shareholders.
What is the 'Gearing Ratio' A gearing ratio is a general classification describing a financial ratio that compares some form of owner's equity (or capital) to funds borrowed by the company. Gearing is a measurement of the entity’s financial leverage, which demonstrates the degree to which a firm's activities are funded by owner's funds versus creditor's funds.
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....
jackng06
469 posts
Posted by jackng06 > 2017-04-25 12:08 | Report Abuse
u ignoring depreciation and impairment also and ignore cash flows