Pls lar don't talk abt profit per car. The sales number is the profit. If they control whole of east coast could mean something even if it's 20% on rising car sales. Increasing 100 cars per mth
So how's the sales in East Cost? 10% of tbe total sales for the whole Msia? What's the gross profit like per car? Just to estimate how profitable is this new biz....
BTM Resources may SURGE further after closing above the MYR0.35 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.45, followed by MYR0.59 in the immediate term.
Someone mention he loss 40k on paper at the moment if you assume he bought at 15cents diff he would be holding approx 270k shares. If the share even go up 5cents he would hv saved 13k
Anyway i am not going to argue with you on the price movement. Better ask salted fish on that. I am just pointing out the new biz has nothing to shout about.
he Board of Directors of BTM Resources Berhad ("BTM" or "the Company") wishes to announce that BTM Marketing & Trading Sdn. Bhd. ("BTM Marketing"), a wholly owned subsidiary of BTM, has entered into a preliminary discussion with Pendragon Auto Sdn. Bhd. (Company No. 900658-X) ("Pendragon Auto") of Lot 32,Jalan Teluk Sisek,25000 Kuantan,Pahang Darul Makmur,with the aim to eventually cumulated into a difinitive Shares Sale Agreement or a Shares Subscription Agreement,resulting in BTM Marketing acquiring or holding an effective stake of no less than 51% in Pendragon Auto.
Pendragon Auto is an exclusive BMW cars dealer in the East Coast of Malaysia,spanning from the states of Pahang Darul Makmur to Terengganu Darul Iman and Kelantan Darul Naim since 5 July 2010.
BTM intends to finance the purchase of the shares or the subscription of the new shares in Pendragon Auto through internally generated fund and/ or banking facility.
I dont know how many millions BTM is going to pay for not less than 51% in Pendragon Auto.Sure wouldnt come cheap.
Murali, I posted this at 2.59 today. I think the lot are a syndicate those names mention fr kannibu, sangharimau, wiki leaks, Saltedfish. Wht they don't realize if the suffering they cause with their action. A lot listen to the tips because they are desperate to make some money during this difficult time while the jokers treat it as a game
Stock: [BTM]: BTM RESOURCES BHD Aug 11, 2015 02:59 PM | Report Abuse
To be fair judging fr take up rate, it does look like something is happening. Question is is it as BIG as what they claim
I hv copy and paste the comment/information to my friend in SC to forward to the right person. BTM got UMA query earlier but bursa fail to follow thru as usual.
murali, yes... but US and SG i am very sure... i believe malaysia should have similar laws... for this case, the person didn't sell before news released... maybe cant be considered as one of them
Anyway I only do my part. Happen or not there was a UMA earlier to tie to this. If they don't investigate, don't blame the market sentiment for being poor because ppl are not protected
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....
murali
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Posted by murali > 2015-08-11 20:09 | Report Abuse
Maybe 10% of total sales in msia?what's the profit like per car?