After inclusion of latest contract won, and minus current revenue, their orderbook is around RM110 million, which can sustain them until end of next year.
Based on the contract list, looks like they go for short term contract with medium value to build up the orderbook. Probably next year, management would go for high contract value project after building up resources (manpower + machineries).
Gentleman, presently foreign funds are pulling out from KLCI and have no intention of coming back soon due to corruption practice still rampant at our markets , therefore, pls do not enter the market now and catching the falling knife and hurt yourself badly.
Pls have patience and wait for the next quarter report of May 2019 report of Dynacia and judge it by the truth not rumors.
Once it is confirmed that Dynacia management is serious to turn around the company into profitable , then you can safely buy the Dynacia shares at cheap price and wait for Dividends pay out or even Bonus issue from Dynacia.
sadly many trapped, maybe waiting all to cut loss before goreng up again..at the moment it doesnt look good..many entered thinking the nee low but all wrong
My TP is 0.20 just gonna wait for another round of goreng. I know this is a rubbish company but I believe when the time is right, "somebody" will push for "fun".
once the operator push the price upwards, all the above negative comments would turn into praises. lol
yesterday they announced the disposal of remaining 10% in their associate company. Although proceed of RM1.8 million is not much, but they can further reduce their borrowings or increase the working capital. Their balance sheet has improved a lot and with this disposal it will improve further. Now they can focus on getting more projects.
It is a slow transformation from loss making to a profitable company, but it sure one. Look at Comfort Glove, nobody dare to buy at 30 cent but I remember a lot of my friends say they bought when it reach RM1 (all time high is at RM1.20). I bought at 60cent and sold all at the peak. Just be patient. Let the directors do their work, and operators to push up. hahaha
Gentleman, presently foreign funds are pulling out from KLCI and have no intention of coming back soon as it is proven on daily low volume on the stock market.
Therefore, pls do not enter the market now and catching the falling knife and lose your hard earn money.
Dynaciate: Bags two construction contracts worth RM35.6m. Dynaciate Group (previously known as Tatt Giap Group) has bagged two contracts worth a total of RM35.6m to undertake construction works. “The projects are expected to contribute positively to the earnings and net assets of Dynaciate Group for the FYE Nov 30, 2019 (FY19)
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....
BREW8909
32 posts
Posted by BREW8909 > 2019-05-07 17:13 | Report Abuse
0.08 is not cheap? how much is cheap?