Everyday some party wallop 4-500,000 units anticipating or cooking something behind the curtains? No disclosure of movement of interest or majority shareholders? Someone new coming in Padini shareholder spread?
Just my opinion though, the share price is being driven up banking on the improving profitability of Padini over the last 1-2 years. But for this quarter, results will not be so great as historically Q1 (Jul-Sep) is seasonally Padini's low season. Plus Raya also came early in end of June. Bet once the results come out, prices going to plummet down. Then it will be a good buying opportunity.
In uncharted area, any price can happen to fly up.....seems like something is brewing internally which outsider don know....hoping for bonus share since there is cash...
Stock [PADINI]: PADINI HOLDINGS BHD Announcement Date 27-Nov-2017 Substantial Shareholder's Particular: Name SOMERSET CAPITAL MANAGEMENT LLP Details of Changes: Currency - Date of Change Type Number of Shares 20-Nov-2017 Disposed 361,400 Registered Name N/A Nature of Interest Indirect Interest Nature of Interest Indirect Interest Shares ORDINARY SHARE Reason THE STOCK DISPOSED WAS DONE SO IN THE OPEN MARKET.
1. Sales up but actually profit drop due cost up, all cost up (selling, admin ) , if exclude other income and compare , actually this qtr is profit drop
2. Cash balance drop and inventories go up ( meaning management unable to turn inventories to cash fast enough and this might cause further write off of inventories in future )
3. Operating cash flow is negative . Even have profit but could not turn into real cash due to tie up with inventories.
1) Actually other income every qtr also have, this qtr just extra 3 Million, exclude 3 Million , Net profit still have 30,920 M. YTY still increasing 8%
2) Cash balance drop, but borrowing, Trade payable, others payable same follow drop, mean cash already payout for them. inventory go up, every year first qtr is go up, so is normal. (you can refer previous qtr report.
3) Operating cash flow is negative for fist qtr, is belong normal.
Those had Padini since past 10 years, now should be multi-millionaires, if they not sell. Same like Pmetal, Genting, Digi. But now never too late to start.
Genting ....keep on do new things and expanding to keep itself relevant to the market
DIGI .....the population grow , so DIGI biz also grow , even competition growing but the demand for telecommunication service also growing . Unlike in the past, just call and SMS , now have internet biz
But Padini , can its sales continue to grow ?? Because clothing is discretionary spending and low entrant to biz, and many many competitors
If only open new stores ,one day or very soon also will be a limit ......unless like now Padini start to venture into SEA with Cambodia is a start and hope other SEA to follow soon ....if not just depend on Msia will be very difficult
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....
kokojerry
269 posts
Posted by kokojerry > 2017-11-08 13:04 | Report Abuse
Then must be very very good profit....I look at last sales event they promoted, all branches with long q....