April production is double the average production of Oct-Dec 17. If April - Jun 18 persist to have 33k cu m , agar revenue 100 mil , PAT 8-10 mil, EPS 1 cent that Q. Wait for 2 more months same production level , TP will revise to 40 cents
my guestimate only. Do to your Due Deligent.
monthly production report M3 2018 April 32,800 March 24,846 February 18,061 January 15,450.33
2017 December 15,631.66 November 18,475.64 October 14,741.74 September 9174.89 August 9212.15 July 14,429.11 June 9,732.30 May 8,375.46 April 11,323.26 March 14,517.17 February 11,459.54 January 4624.84
2016 December 6145.83 November 6360.70 October 9263.16 September 801.09 August 8176.98 July 8777.87 June 5931.11 May 3471.31 April 4211.52 March 2021.42 February 0 no logging January 4734.62
Don’t touch this stock... timber is Sabah EX-CM baby.... now under investigation.... all logging activity in Sabah is related to Sabah Ex-CM and the boss is only CM proxy... now federal open file to investigate... once relation with CM found, all logging license cease...
based on logging report, Jan - March 2018 has recorded new highs. April 2018 logging report is even more impressive. From the looks of it, this quarter announcement (Jan-March 18) will be a good one. Hold!
MULTIPLE PROPOSALS PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") (I) PROPOSED ACQUISITION; (II) PROPOSED RIGHTS ISSUE PRICEWORTH INTERNATIONAL BERHAD
Type Announcement Subject MULTIPLE PROPOSALS Description PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY")
(I) PROPOSED ACQUISITION;
(II) PROPOSED RIGHTS ISSUE We refer to the announcements dated 19 October 2016, 7 March 2017, 7 April 2017, 5 May 2017, 1 June 2017, 19 June 2017, 3 July 2017, 6 September 2017, 3 October 2017, 25 October 2017, 17 November 2017, 30 November 2017, 6 March 2018, 13 March 2018, 21 March 2018, 29 March 2018, 3 May 2018 and 15 May 2018 in relation to the Proposals (“Announcements”).
Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements.
On behalf of the Board of PWI, RHB Investment Bank wishes to announce that PWI had on 18 May 2018 entered into an underwriting agreement and a supplemental agreement to the said underwriting agreement (“Underwriting Agreement”) with RHB Investment Bank Berhad, AmInvestment Bank Berhad and Mercury Securities Sdn Bhd (collectively, the “Joint Managing Underwriters”), as well as, Kenanga Investment Bank Berhad and MIDF Amanah Investment Bank Berhad (collectively, together with the Joint Managing Underwriters, the “Joint Underwriters”) to underwrite up to RM70.44 million or 1,408,831,716 Right Shares representing approximately 68.81% of the total issue size of the Proposed Rights Issue of approximately RM102.37 million subject to the terms and conditions of the Underwriting Agreement.
Details of the Underwriting Agreement will be disclosed in the abridged prospectus to be issued by the Company in due course.
Kota Kinabalu: Several Sabah politicians from Barisan Nasional, parliamentary officials as well as businessmen connected to the previous administration are on the Immigration Department's blacklist pending investigations into alleged corrupt practices, among others, Daily Express can reveal.
With the impending RI and subsequent listing of GSR (wholly owned by Pworth) in Singapore bourse, the counter is poised for a rerating especially with latest 32800 M3 production figure for April 2018 !!
In time Pworth will be the largest integrated timber play surpassing that of Taann and WTK... Very synergy : Pworth has large timber processing facilities lying idle, whereas Rumpun has large timber concession to be harvested; they are a GOOD COMBO
Given SC's approval for acquisition and RI and tomorrow's EGM, the deal is going to be implemented in July/Aug 2018 transforming Pworth into a pure timber play
Actually from what I see its better not to list in Spore because Pworth has to sell 30% of GSR to public thus making it a holding company...well, as for the acquisition cost, they can make instalments to pay as per agreement...since the future looks bright, it might as well keep it all for themselves
Going forward with the harvest from Compartments 63 & 64, I think production will easily exceed 70000 M3 per month as envisaged after the RI as more 15m will be deployed as working cap
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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....
azta12
5,594 posts
Posted by azta12 > 2018-05-17 09:57 | Report Abuse
http://www.theedgemarkets.com/article/priceworths-log-production-volume-hits-fresh-record-high-april