whatever you think, Luxchem still a growth company, giving good dividends,progress as planned; however as we all know , in chemicals industry,there is plenty of room for advances in products innovation and developement....
Run-lah. Waiting for what ? Waiting to take number first-kah ?
Last time before bonus time, i say buy..... must buy Now i say run ,,,,,,,, then you run fast-fast until slipper also come-out like cindrella..... Don;t look back anymore.
single tiar (no tax in taxing scheme),dividend of 3 sen per 50 sen share ,equivalent to 30 ringgit /one thousand share , which par value is 50 sen. 19/04/2015 16:45
Without 8.4M Share Option Expense, net profit will be (net profit 1.5+ shared Option 8.4M) = 9.9 M, 3.6million or 57% increase from previous quarter of 6.3M. Share option expense is accounting requirement for ESOS scheme. You can see their cash increased from previous 74m to now 94M
can any one enlighten me , why this"share option expense " costs the company such money, i thought it was the investors who exercise those share options , purchase those allocated shares ,paying the money??
but i stll like Luxchem,chemicals company used to have a team of chemists helps to innovate new products,generate (copy) people's products,oleo-palmoil-chemicals,etc ,etc
enning22, sorry to see no sifu enlighten u. I do like to have an answer also. With all the tail wind in its favour, I agree that Luxchem should have a great 2015 at the very least.
Luxchem's valuation seems attractive after adjusting one off ESOS expenses for previous quarter. It seems turnover and profit remain on the rack to grow further.
Services received under an ESOS are recognized as expenses unless they qualify for recognition as assets under another accounting standards. For example, where all employees of an entity are entitled to share options of the entity under ESOS, the services received from the administrative staff would be recognized as employee expenses under Income Statement while the services of staff at the production line would be capitalized into the cost of inventories.
Ckwan11d. No reversal or write back. In general, Esos for office staffs is charged to Income Statement as expense whereas production staffs and workers is treated as part of inventory costs. The company treats Esos as part of the employees remuneration by taking the difference between market price (at the time of exercise) and exercise price.
In average, turnover and profit have been moving upwards over the past few years. It did face a minor setback due to stagnant in revenue and erosion of profit for year 2011 & 2012. However, top and bottom line resumed growth from 2013. The growth may continue in tandem with demand of nitrile gloves.
top glove going to expand their production and share price has gone over RM8. Luxchem is the supplier to the glove company, should beneficial from their expansion.
lower petroleum price means lower cost for Luxchem petrolchemical products,it is one of the few benefited much from the sharp decline of the commodity.
I got something to ask, company ESOS expenses is due to share buy back from open market & sold to employee at a 75 cents? Or they issue new additional shares?
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....
ladyluck
270 posts
Posted by ladyluck > 2015-04-16 10:00 | Report Abuse
Jolie2 did i CON ANYONE HERE....LOOK LIKE U LEH...DID I SAY BUY,RUN OR JUMP...today no drink 7up izit....