Simplified the point from annual report: 1) Latitude want to open company that cut tree 2) Latitude want to open company to produce wood from the tree they cut 3) Using the ownself produce wood, they will create a new type of product. This is to ensure quality and cut cost. Hence in future, revenue will increased and cost will reduced 4) Now the cost of wood is very cheap. Hence they see this market and they want to enter the market 5) Spend RM35mil to upgrade or automated the machine so they can less rely on the low-skilled worker and increase efficiency 6) With the net cash position of over RM80mil, the company able to fund this expansion with internal source. This is the reason why their dividend is so low compare to other company.
Speculators very happy. Quarter 1 results expected to be good due to forex. new fools came to buy. mutual fund buying and mutual funds manager get 'kopi money' from seller(speculators). Price went up and all very happy.
Yeah congrat...just trust the fact my previous top up at lowest price now giving me good return...however now the engine just started..it value at least rm10...
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....
pingdan
1,549 posts
Posted by pingdan > 2015-11-18 18:38 | Report Abuse
According to annual report, the new factory which purchased completed on jan 2015 only start to commence business on may 2015