This company has reported fairly stable profit since 2011.
2011 : 10.5sen 2012 : 8.9sen 2013 : 8.8sen 2014 : 11.7sen 3Quaters of 2015 : 5.10 sen
Progressive repayment of Redeemable Convertible Secured Loan Stock (RCSLS) which amounting to 15,716,000 has since pared it down to an outstanding of 4,000,000
The significant reducing outstanding of RCSLS showed the continued profitability. Interest saved from RCSLS will translate into higher earning. If another 2,000,000 is used to repay the RCSLS during Q4, moving foward FY16 will see an improved financial position.
Increasing shareholding through share acquisition by the largest shareholder. Shareholding as at 24/6/2015 : 29,143,198 Shareholding as at 31/12/2014 : 27,992,998
Weakening of Ringgit against Singapore Dollar by 5% would have increased 138000 in net profit.
Defferred tax assests as at 30/9/2015 is 2,697,000. Further recognition of this will based on financial profitability.
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....
crystal168
1,663 posts
Posted by crystal168 > 2016-01-12 14:55 | Report Abuse
Hahahhaha
Sudah Cup & Handle sky is the limit.