Presently MALTON is moving like an old man. I predicted maybe after the FOMC meeting when the mkt hv been stabilise it will accelerate like the speed of a horse. Investors r advise to monitor the share movement n to buy on weakness & 2b rewarded. Good luck.
Posted by kcchongnz > Aug 21, 2013 06:08 AM |Report Abuse
Posted by Steve Jub > Aug 20, 2013 08:15 PM | Report Abuse kcchong, for malton, i saw the net asset per share pretty high (1.37) and PE ratio pretty low (5.84). what do you think of these 2 area?
steve, you are talking about the financial results ended 30/6/2012 which is more than a year ago. Malton's 2013 results will be announced soon. So the PE ratio you are referring to is history. But even for the 2012 results, you notice that revenue and profit has declined. Malton reported that they made 64.4m, or 15.4 sen per share in 2012. But show me the cash. Why is that that year they have to pay out a net cash of 52.6m? What is this 118.2m as "short-term fund" appearing in the "Cash Flow From Operating Activities" statement? Strange. Now let us come back to its 2013 ending 30/6/2013 which will be announced soon. I won't think it will be pretty. The three quarters results showed that it only make 19.2m or just 4.6 sen per share. What do you think the EPS will be for this last quarter? How much higher can it be when compared to its third quarter of just 0.36 sen? So what is its latest PE ratio then? Don't forget that it has loan stock and warrant holders who are also will be sharing any profit made in the future. Earnings is one thing which I never trust it standing alone. Look at its cash flow. Just three quarters, its CFFO is a negative of 192m! this is a result of increase in inventories and receivables of 83m and 215m respectively. As I have mentioned, the total inventories and receivables amount to 437m as at 32/3/2013. They are already more than its NTA of RM1.43 in its balance sheet. These assets are what I consider as "bad" assets" My feeling is that Malton will soon try to borrow more money from the bank. I don't know the bank will lent them any more and if not, a right issue or private placement is on the card.
Bro Sang Jero. Glad to meet u here again. U r right again that the technical data is showing sign of weakness. So be patience n wait for golden opportunity to accumulate at a lower price to maximise our profit margin. Good luck.....& cheers......
My sifu the Cool guy posted my comments 5 days ago on this stock Malton when somebody asked my opinion. AT the time when I was asked, Malton was about 95 sen and now it is 84.5 sen
So my sifu the Cool guy, are you trying to say i must refrain refrain and refrain from giving my opinion because I have not visit the site yet, have not talked to the management, have not looked at their ledgers and accounts etc yet.
Or must I put up a disclaimer first before offering my opinion when asked?
Posted by JCool > Sep 16, 2013 10:27 AM | Report Abuse
Posted by kcchongnz > Aug 21, 2013 06:08 AM |Report Abuse
Posted by Steve Jub > Aug 20, 2013 08:15 PM | Report Abuse kcchong, for malton, i saw the net asset per share pretty high (1.37) and PE ratio pretty low (5.84). what do you think of these 2 area?
steve, you are talking about the financial results ended 30/6/2012 which is more than a year ago. Malton's 2013 results will be announced soon. So the PE ratio you are referring to is history. But even for the 2012 results, you notice that revenue and profit has declined. Malton reported that they made 64.4m, or 15.4 sen per share in 2012. But show me the cash. Why is that that year they have to pay out a net cash of 52.6m? What is this 118.2m as "short-term fund" appearing in the "Cash Flow From Operating Activities" statement? Strange. Now let us come back to its 2013 ending 30/6/2013 which will be announced soon. I won't think it will be pretty. The three quarters results showed that it only make 19.2m or just 4.6 sen per share. What do you think the EPS will be for this last quarter? How much higher can it be when compared to its third quarter of just 0.36 sen? So what is its latest PE ratio then? Don't forget that it has loan stock and warrant holders who are also will be sharing any profit made in the future. Earnings is one thing which I never trust it standing alone. Look at its cash flow. Just three quarters, its CFFO is a negative of 192m! this is a result of increase in inventories and receivables of 83m and 215m respectively. As I have mentioned, the total inventories and receivables amount to 437m as at 32/3/2013. They are already more than its NTA of RM1.43 in its balance sheet. These assets are what I consider as "bad" assets" My feeling is that Malton will soon try to borrow more money from the bank. I don't know the bank will lent them any more and if not, a right issue or private placement is on the card.
Ya.. precisely..... u jz sit at ur desk n look at its account... n go on n on abt tis co... without even taking in consideration d obvious such as its prospective projects which r huge... or d likely effects of d measures by BNM n other government agencies to curb properties prices such as banning of DIBS increase in RPGT % reduction in loan % ...
MY GOODNESS.. YET NOW U WANT TO TAKE CREDIT FOR D DROP IN ITS PRICE NOW... YA YA RIGHT PRICE DROPPED FROM .9+ TO 0.8+ NOW ALL BCOS OF UR DAMN SCARY NONSENSE... RIGHT
Hey the Cool guy, you are right again. Sorry sorry sorry. I shouldn't write about negative things and talk nonsense about Malton without visit the site, talk to management, look at their ledgers and accounts etc. Sorry sorry sorry again.
Hey the Cool guy, you are really cool, and very cute too. Salute you!
JCool pls be corrected that I will never blame anyone if the price of MALTON dropped drastically after being commented by certain group of i3 investor readers or even if I lost my money.
Furhermore, I've just accumulated MALTON on the 19/9 @ 0.815 & is currently making a paper gain of 3 sen.
This forum is supposed to be a learning n sharing centre for the benefit of all i3 investors readers. It is not for argument, playing the blame game & personal attack forum.
The common goal of this forum is to make profit & not to turn into a battlefield. For better or worst, at the end of the day the final deciion is yours to make.
However, I truly appreciate kcchongnz, Mr Ooi Teik Bee, matrixcool, trustme932, sephiroth, inwest88, bsngpg, Sang Jero & many others for sacrificing their previous time n energy in contributing, providing & sharing valuable informations in this forum, to enable me to make the final decision to emerge as a winner.
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....
hiddengem
1,186 posts
Posted by hiddengem > 2013-09-10 10:49 | Report Abuse
But our bro Sang Jero hate those BIG SHARK....with negative thinking......Sang Jero always remind us to be ....positive thinking...