take profit when it hit 0.835 above... tumpang happy for others if price go beyond RM0.900....... we cannot untung to the max every time.. leave some for other.. They may need it ....
Ur skill is beyond mine so email cant help U much this particular counter. Hope U understand it
Promise will make one event for your EG next year,,,,,,.... so far so busy yet..... trust me... I never forget about you.. we are good buddy...and I learn pretty much from you since I join i3.......
don't don't think so.... I will plan something for EG next few months.
The higher profit recorded in this quarter was mainly due to the contribution by the Manufacturing Segment as a result of more products being shipped particularly products for the telecommunication industries. Manufacturing segment's revenue improved by approximately 30% or RM24.8 million.
The year- to-date profitability improvement was mainly attributed to the higher shipment of our products from the Manufacturing Segment, productivity and efficiency improvement and strengthening of the United States currency (USD).
1) On the surface revenue increased from Rm109 mil to Rm110 mil
2) Earnings increased from 3.47 cts to 3.51 cts
3) NTA increased from 79 to 89 cts.
This looks good on the surface.
Let's take a closer examination by going into the details of the balance sheet.
These are some surprising figures:
1) While profit is reported at 4.88 mil receivables have increased from Rm90.2 mil to Rm96.7 mil
THERE IS A IN JUMP IN RECEIVABLE AGAIN. THIS TIME BY RM6.5 MILLIONS
So where is the actual cash increase? All profits of Rm4.88 millions are actually increasing receivables.
Now this is again reflected in the bottom line.
The Startling Danger:
Comcorp's Real CASH POSITION HAS ACTUALLY FALLEN BY RM4 MILLIONS FROM RM37 MILLIONS (SEE PREVIOUS QUARTERLY REPORT)
TO THIS QUARTER REPORT OF ONLY RM33 MILLIONS.
And the NTA has increased by 10 cts from 79 cts to 89 cts?
A check with REAL ASSET (PROPERTY) OWNED BY COMCORP SHOWS A SOLITARY FACTORY IN KEDAH. Book Value of only RM27.5 Millions. That only consist of 20% NTA of Comcorp. What is the other 80% NTA Consist of? Old machinery or stocks? So there is no margin of safety.
Just like Megan Media last time
After many quarters RECEIVABLES ARE STILL BOOKED AS "PROFITS" While Cash Position is depleting quarter after quarterly report.
In the end of end games so many were conned by fictitious accounting in Megan Media.
Gd morning John Lu bro, U trust my portfolio picks are a balance one. VIS remain my main picks. EG is the only counter with great potential I didn't select for i3 stick competition. Will max out if things evolving at the right direction.
Lui Gor 金鸡年 万象介新 Moga reban Bursa Meriah Malaysia Bersih dan Harmoni Lui gor tipsy Chun Chun Jackpot i3 members produce article hebat hebat Readers semua Untung kaw kaw Tak lupa buat kebajikan.
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....
John Lu
5,187 posts
Posted by John Lu > 2016-12-15 09:45 | Report Abuse
Comcorp is the counter that can play once in every 3 months