Ageing anaysis of their trade receiveables (Annual report page 71) Not past due 41,779,609 0 to 30 days past due 1,473,929 31 to 120 days past due 5,896,450 More than 120 days past due 39,907,640 Total 89,057,628
It shows that almost 43% of their receivables are oredi more than 120 days past due....is this a norm in this industry? Or else it could be a hidden bomb....
As at latest Q1 result, their receivables stood at Rm96m+
Btw, their total receivable (2013) was only RM27M+ while those more than 120 days past due was ard RM2m+...the significant jump in their 120 days past due receivable are scary...
How safe is it? Unless it can collect it's RM27M+ long outstanding debts....if they are unable to collect so and have to write it off then will have to come down
Tas is a boat making company whereby and net cash Maybe murali u been burned when buying tas at high @$1.70- but now it's at low & cheap valuation emerged. Eg. I also wonder why would u concern about the meagure receivables ? It's too cheap and dividend paying company The IPO is I think at 90 sen - so now is the cheapest When it shoot up, dont miss the boat
Aiyo, what I highlighted is all facts...you may read thru the annual report...Why wanna act like so negatively? It's for your own good. I didn't creative this...it's all facts
Posted by murali > Dec 5, 2014 10:14 AM | Report Abuse X
Ageing anaysis of their trade receiveables (Annual report page 71) Not past due 41,779,609 0 to 30 days past due 1,473,929 31 to 120 days past due 5,896,450 More than 120 days past due 39,907,640 Total 89,057,628
It shows that almost 43% of their receivables are oredi more than 120 days past due....is this a norm in this industry? Or else it could be a hidden bomb....
As at latest Q1 result, their receivables stood at Rm96m+
Unless they are able to collect these 120 days past due (RM39M), or else I would prefer to stay sideline. Keep an eye on their next Q result, hopefully it will show some improvement in their collections
Murali must have got burned big time by buying high this counter Instead of now low price he bought 1.70 and already cutloss Usually the losers will come back and talk bad about shares which they have cutloss Most company have receivables pending payment even for knm , skpetrol or larger company like sime Darby etc maybe u can cook up some story about sime Darby etc also
I used to think u r a better one here seeing yr arguments with Mr.koon in jtiasa...what happened to you lately?don't lose yr head coz u lost money badly in thheavy warant n tas.....reserve some capital...there r always chance...don't be too emotional like kyy
the plunge mainly due to low crude oil price as most of the O&G companies may cut their capex like Petronas...therefore, the cut in capex is detrimental to Tas previously declared "Healthy Order Book" as it may now turn to become unhealthy...LOL....wait for the crude oil price to stabilize first then only buy to average down your previous high buying price...i guess crude oil price may stabilize at around USD 50 or when Dollar softens...keeps monitoring
yup....have to cut loss as company fundamental changed due to the plunging crude oil prices...don't play play and beware of the chain effect....banking sector had been hardest hit today....focus on utility sectors like Tenaga which i believe it may benefit from low crude oil price..
Bought at RM1.40 and now price nearly half !! Guess no difference from O & G shares like Barakah, Hibiscus, etc that fell to nearly half the price!! Worth to average down ? or go to different stocks ? Hopefully TAS price will slowly recover .
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....
Danny Siew
626 posts
Posted by Danny Siew > 2014-12-01 14:45 | Report Abuse
probaby.....tsunami coming, where r u liao....gone?