Cash is king. CONDENSED CONSOLIDATED CASH FLOW STATEMENT FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2015 UNAUDITED UNAUDITED UNAUDITED UNAUDITED PERIOD PERIOD PERIOD PERIOD 30-Sep-15 30-Sep-14 30-Sep-15 30-Sep-14 RMB’000 RMB'000 RM'000 (1) RM’000 (1) 544,192 566,202 376,528 302,634 - - - 544,192 566,202 376,528 302,634
Cash flow actually increased from RM 302.6 million(Sep 2014) to RM 376.528(Sep 2015) million which show very solid company. Imagine our bank accounts money increased so much YOY.
Suffer RM 9.78 mil loss due to admin expenses RM 19.2 million compare to RM 5.3 million same quarter last year. Is admin expenses really actual expenses? Perhaps bonus provided very high due to increased sales. If next quarter company decide not pay to very high bonus the expenses can be reversed. http://www.bursamalaysia.com/market/listed-companies/company-announcements/4926937
Different people have different way of playing stocks. Some people bought Msports at high price at sold at 8 sen. Will these people make money? When Msports report profit they buy. When Msports report loss they sell at 8 sen.
Lin HuoZhi sell IPO shares to retailers at 95 sen. Now he can use the IPO money to buy Msports cheaply when Msports balance sheet grow during the so many years after IPO.
wait a minute... 8sen also got people sell, my god, what has gone into these people head. CASH alone is already 63sen for each share. wonder they know how to count or not, how many% discount we are getting now from MSPORTS. If afraid of fraud, local companies also can do fraud.. risk are same local or china companies, but discount is massive.
actually only their new business unit making loss, all their core business units are making profit. you can cry die when suddenly MSPORTS turn around and shoots up and you still did not buy at 8.5sen
He is not stupid to buy at 11sen, the only reason why he bought at 11sen via ESOS is because he is not allowed to buy from open market 8.5sen.
Why is he not allowed to buy from open market ? Because it is an offence for insider trading if there is an M&A within 6 month. That is why he suddenly invented ESOS for MSPORTS. Whatever is coming must be so good that he is wiling to pay 11sen vs market price of 8.5sen.
Then why is MSPORTS stucked at 8.5sen ? reason is simple, there are still relatives and friends of MSPORTS insider collecting, they collect quietly, simply just let weak holders throw and they get cheap shares.
How long more have to wait before M&A announcement ? It wont be very long, judging from the time Erwin stop buying, it should be less than 4 month from now.
Until today there are only 2 major players buying MSPORTS in big vol,Erwin and Lin HuoZhi. One fellow from Permanis another from MSPORTS. Looks like something is going on between them. Why ? MSPORTS shoe are having a hard time and may need to expand other business ( tried fashion clothings, but not doing well, so need something else ), Permanis needs to expand their market, malaysian market size is limited, not much room to grow however MSPORTS is ready with a huge china market network for Permanis to expand.
MSPORTS gets the lucarative drinks business while Permanis gets the huge china market network. A perfect M&A.
Show is Msports your only counter? If rockycleft keep attacking here attack back his counters. His counters are XDL, Uzma, Syscorp, Hibiscus and Glotec.
ks55, any company in KLSE if want to manipulate account can be done. So, risk is same whether local or china company.
It is normal for China company to move their stocks very fast, their market is huge.
Why keep so much cash ? If you look at their bank borrowings, it is also very low,meaning they do most of stuff in cash, therefore they need a lot of cash on hand. To me it looks perfectly normal for a company operating in China market.
I am not waiting for free warrants, I am waiting for Permanis to merge with MSPORTS, I am making this merger prediction based on the actions of both Erwin ( CEO of Permanis ) and Li Houzhi of MSPORTS and also based on the business expansion aspect of both company.
Huge cash balance not distributed as dividend end up earning more interest income over the years. Just like if we keep money in bank and not spend it we will still earn interest on it. I will be worried if Msports cash balance show huge decline but there is no indication on that.
Like it or not, MSPORTS represents a huge potential in capital gain since it is currently grossly undervalued. I try not to post too many message on MSPORTS as it might be seen as excessive promotion. So, just keep a close eye on MSPORTS.
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....
rockycleft
880 posts
Posted by rockycleft > 2015-11-20 21:14 | Report Abuse
Very cute.....hahaha!