Whoever still holding Subur, better pray the short term liabilities issue are addressed.. this issue is like owing credit card, once ur credit card default, bank will start to recall ur long term loans. A company can survive non performance, but hardly it can survive with a going concern issue unless u r a GLC… just be aware… I foresee there will be a round of rights issue to pare down the loan… I wished all the best to u guys…
This old fart would promote kuat kuat and sell off to the victims ! Like I said, he is worse than Najis ! Some of the victims loss their life pensions because of him.
"My important observation is that the company reported 16.15 sen EPS is for 2 months instead of 3 months because the company wanted to change its financial year from ending in July to December. Its next quarter ending March should be much better which will be announced before the end of May. I am waiting patiently to laugh all the way to the bank. Koon Yew Yin"
He say laugh to bank wo, haha,now really ppl laugh
It’s in net current liability position, tell me, how would a company making 16m cash flow from operating activities pay off net current liabilities of 414m? It takes almost 26 yrs to pay this off, assuming CPO sustain at 6k and banks continue to extend the repayment of current liabilities beyond 12 months… ITS IMPOSSIBLE!
See how it’s current liability increased due to non current liabilities transition to current? From 31.12.21 to 31.3.22. Situation will only be getting worse unless management raise fund via rights issue/private placement to pay off the current liabilities and to restructure its loan facilities.
Newbie, land is the most important asset of plantation/timber company, without land, how to plant trees? It’s not easy to sell land within short notice, even if the land sales happen, price won’t be good… kindly note with such large debt level, land sales would cripple its operations permanently… best is to raise funds from equity…
Erm… but I don’t think it will fetch a good premium, coz Subur issue actually is quite serious… it just don’t have enough operating cash flow to pay its current dues…
Best of luck to u guys… if anyone bought at 2+, perhaps u can consider average down if u still have faith in Subur. But honestly, Subur problems needs a miracle to solve it..
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....
colin888
333 posts
Posted by colin888 > 2022-05-26 12:59 | Report Abuse
Ride the wave and run . Too risky to hop on , too much variables and look at the share price now!