Don't be worried too much!!!!! Based on past 12 months transaction as recorded, I strongly believed that the market is now running out of stocks at this level. Unless the major shareholders are willing to sell off their majority shares as such levels. If so, this will be a good news to the markets........
Weak buyers!!!!! Looks still needed to accumulate more volume to support for consolidation. If so, hope by next week can accumulate more stocks below level of 70 sen ..........
Selling 200 shares at 68 sen!!!!! So stupid!!!!! Stupid guy to play contra gambling in this counter. In fact, I was many time have had giving notice that this stock at this moment do not suit for contra game players.
The Chan's family is slowly accumulating back the PCCS shares held by the minority shares holders. During the prime time PCCS was traded above RM6. This scenerio was the same as in the early 2000's when Vincent Tan collected back the shares of Berjaya Land,from <RM1 to RM6.55!
Compare PCCS, MAGNI and PROLEXUS in terms of revenue and market cap and you will have a rough idea what is the potential of PCCS. It is all up to the management to unleash the potential of PCCS. They are already in the right industry with all the hardware invested. The only lacking ingredient is execution.
Please see their website. It is now a good opportunities for us to accumulate more stocks with lower price, but please measure within your limitation, kindly do not advancing with contra gambling.
Refer the above attached report under Note 14 as read:- 14. PERFORMANCE REVIEW During the period ended 30 September 2015, the Group recorded higher revenue of RM297.6 million as compare with RM174.4 million achieved in the previous corresponding period. The increase in Group revenue was mainly due to higher revenue from apparel division. The pre-tax profit of the Group for the period under review recorded at RM2.2 million as compared with a pre-tax loss of RM11.2 million recorded for the corresponding period. The improved performance was mainly due to better productivity and cost control coupled with the effect of appreciation of US Dollar against Ringgit Malaysia.
Hahahaha...... That's why the report is mislead a lot of peoples for many years. In fact, the PCCS's liabilities is mainly on the borrowings only. Please refer the item of notes of the borrowings.
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Posted by King Li > 2015-12-06 22:17 | Report Abuse
Don't be worried too much!!!!! Based on past 12 months transaction as recorded, I strongly believed that the market is now running out of stocks at this level. Unless the major shareholders are willing to sell off their majority shares as such levels. If so, this will be a good news to the markets........