stockraider, how to bankrupt when in net cash compared to high debts company like Evergreen ah? Come come give u a mic
THATS WHY RAIDER SAYS AND ASK BACK YOUR QUESTION...HOW CAN EVERGREEN BANKRUPT WHEN IT GOT RM 1 BILLION SHAREHOLDER FUND & A TINY RM 75 MILLION NETT DEBTS LEH ?
Isn't that u started the topic in case of bankruptcy and for liquidation purposes, the company has to sell assets to pay debtors? Machinery are depreciating assets and how much other appreciating assets that Evergreen has and what is the worth in RM currency term?
So u buy shares of a company based on NTA and always look forward to bankruptcy & liquidation? This is not a property developer company which usually owns appreciating assets such as develop-able lands. U mentioned it has a billion RM of SF so how to use the so-called SF which is in equity form instead of being liquid such as cash & borrowings? To use it, the company needs to charge that as collateral with financial institutions. Correct? By doing so, it will increase the debts further. So?
Lets him say about Evergreen, the more he say Evergreen will go up!!!.. He must have got burn before from Evergreen that why he is going to track Evergreen down...lol
stockraider, so how about that FA question I told u yesterday? I'm waiting for ur reply and explanations. If u have no balls then better don't talk FA because u failed loh! Don't create any new ID to dodge the question, ok?
Evergreen5101, u do not know how to answer it also, right? stockraider said SF is over a billion mah so Evergreen obviously is having high debts and cash is not sufficient to service the borrowings because heavy CAPEX so in order to utilize SF, it needs to borrow more by using equities (SF) as collateral with banks. Debts meh increased further by then? So?
raider, evergreen5101, sleepbryan, just save ur gas and don't argue with this sxckeperformer...
as he keeps manipulating his words on the manageable debt of Evergreen (75million debt / 1.111billion equity, which is 0.0675 of equity only, very healthy), i have proved to him that we cannot look at the loan alone.. i proved him that Evergreen is generating free cash flow (net cash flow from operation - capex) every year and the free cash flow yield (CY) is good at >4%.
If you guys follow KC CHong's FA, CY above 4% is considered great as it generally gives better yield that FD on the price you pay for the share.. then this idixt (who does not understand FA, but acted like FA sifu, sick of him) said i used financial jargon to try to confuse ppl.. haha.. really sounds like KYY talking to KC Chong...
so my advice to this half-tin water... or as mentioned by Evergreen5101, dai lan ngong, dai sor hai.. haha.. yes, he is... if you dunno FA enough, stop acting like sifu...
Cash from retained earnings and those obtained from borrowings are used as working capital so do u not see the company still needs to raise more money amid heavy CAPEX continuously? It's cash is not a lot if u see that the giant debts of RM 200+ mil plus CAPEX. Net profits are falling 5 quarters consecutively.
healthy free cash flow... how can evergreen be risky? how can evergreen go bankrupt? stupid statement... i think he is very interested to buy evergreen.. but he wishes the price to drop back to 0.70... coz he missed the boat... haha.. else, why waste so much time here...
I never act sifu. I'm learning all the way. My questions are real and valid questions. U cannot even reply & explain so isn't u are losing credibility?
guys... i have chosen not to reply to idxot.. so i am telling you all here.. i dun understand why some idixt keeps saying i have not answered his stupid question.. in fact, i had answered with proof and slammed his face hard with my valid answers..
When all rise except Evergreen is the time u start to realize it will trend lower. Unhealthy balance sheet with highest debts ever. 200 mil is not little. NP declining 5 quarters consecutively. These are serious signs of troubles.
Never expect honesty from such people who have personal agenda. They will NEVER ever dare to talk or mention about Evergreen's risks. That alone is a biased style of investing. As I said always, the share price is a reflection of the fundamental.
Just don't buy Evergreen which has giant RM 200+ mil debts and still in net debts where it's cash balance can't cover. High ongoing capex and over-reliant on one product segment MDF with 80% revenues from it...very risky. Five consecutive quarters of falling net profits which is a serious signal of troubles.
I'm interested to see how stockraider reply and explain to me how does Evergreen can utilize the shareholders fund to strengthen it's financial position. The obvious that I can see is that Evergreen's balance sheet is weak with all the things that I mentioned before.
Both homeriz and latitude are good. I'm still tracking the quarter results which must be better than current quarter since the RM is so weak already in recent months so exporters should be able to lock-in more orders from overseas hence better results. If the next quarter results of such companies are not improving then u have to check on the reason why is it so then u decide to buy lower or sell it off.
Evergreen is a gone case. Those who defend it is because they are stuck only. Shame on those who tell half-truths. Don't even talk long term blah blah, no one wants to wait that long if they can earn faster unless they said so is because they are stuck again.
and how sure can he be to say we are stuck in high price? I wish i can share my portfolio with % of return on Evergreen to prove i am not stuck... anyone can advise how to share picture here?
Evergreen5101, pls stop talking to idixt.. talking to idxit makes us feel like idixt too.... i am here to clarify to other investors so that they won't be mislead by manipulated statements
guys.. u all see how double standard and inconsistent this idixt is... on Evergreen, he claimed that net profit has been dropping so it is not a good buy.. but he advocates a buy on flbhd which sees net profit dropping for many quarters too...
see how he manipulated his words? why he didn;t even mention about the drop of net profit for 3 consecutive quarters on FLBHD? he mentioned: Each quarter with good healthy profits..
caught red-handed...
it is the similar scenario here.. 2015 was very good year for both Evergreen and FLBHD due to strong USD.. so 2016 results we see net profit dropped due to stronger MYR... but this idixt is super double standard here... haha... u all can see it right?
Conman Dolly, don't preach ur half-truths and keep telling lies to people. Why u never talked about the mountains of debts that Evergreen has before me? Just answer a simple question.
Evergreen is a gone case. Those who defend it is because they are stuck only. Shame on those who tell half-truths. Don't even talk long term blah blah, no one wants to wait that long if they can earn faster unless they said so is because they are stuck again.
haha... guys, see, idiot went mad.. coz he was caught red-handed again by me for being double standard on Evergreen and FLBHD...haha... i dun expect him to provide any answer as i know he sure does not have an answer...
Evergreen is making good profit every quarter (despite lower than last year due to stronger MYR in previous quarters) but was totally ignored by idixt, and is said to be "dropping net profit each quarter"..
on the other hand, FLBHD is also making less proft but was termed as "Each quarter with good healthy profits.."...
Dolly, no one will believe u so far. It is only those stuck in Evergreen that are siding/supporting what u spelled out. On the other hand, I've simply dug out all quarterly/annual reports of all related companies and read them then I revealed the weakest among all which is Evergreen. U can save ur breath and stop ur lies plz.
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Posted by stockraider > 2017-01-03 16:50 | Report Abuse
he...he..he