F&B boss dumps shares loh ..... if Canone not issued to him so cheap ..... let's issued to him @3.20 /share, he may not hv so many shares and dump it casually .......
based on two year chart, Can-one is currently forming triangle and consolidating at the neck of the double bottom. likely to go up and reach RM3 once it breakout from the triangle
actually is not buy 1 free 1, but buy 1 free more than1 ...... let's say u but cannone @2.15, every canone share contain 0.96 Kianjoo share, so, it is 3.00x0.96 =2.88! so, u fork out 2.15 and get 2.15 +2.88 =5.03! it's more than double!
25.6.1 Currency risk (continued) Currency risk sensitivity analysis A 10% strengthening of the Ringgit Malaysia (RM) against the following currencies at the end of the reporting period would have increased/(decreased) post-tax profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remained constant and ignores any impact of forecasted sales and purchases. Profit or loss RM’000 Group 31 December 2012 SGD (108) USD 1,287 31 December 2011 SGD (338) USD 3,415
however past year report mentioning this, it is contra with current statement, since Canone also holding around 1/3 debt is USD, is strong USD favourable to canone or opposite way?
Victor, the reason CanOne takes USD debt is because it acts as a natural hedge against currency fluctuations. It has to deal with payables and receivables in USD due to the export exposure. On the bright side, if you look at the note 7 on the Q2-2015 report, the USD borrowings has been reduced from RM192 mil to RM 152 mil since end of 2014, so I would say, the impact of USD strengthening on interest payments may be less this year compared to last year.
kianjoo takever case must be completed on 23th September unless they request for delay again, and dato see already 3 months dont file any new law suit against canone, hope that by 23th sept, everything can go smoothly
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....
Tey Tian Foo
268 posts
Posted by Tey Tian Foo > 2015-06-02 10:15 | Report Abuse
Time to reflect its true value !