Posted by madguy > 2015-05-22 14:42 | Report Abuse

continue my previous post
4. maybe big player take profit edi

but today those who bought @1.75 damn syok ..... now contra also make money .... day gain.

Posted by omgimnoob > 2015-05-22 17:31 | Report Abuse

I was a group account clerk before, the profits will not be like from positive to negative if the Managing Directors (operations) are doing their job, making sales and maintaining operation activities; ie debt collection and productions. - Work with common sense and carrying their fiduciary duty.

Unless really got no sales, no production, no revenue, operating costs shoot up. Finger-crossed, its nothing to do with the business fundamental.

Posted by Taugeh > 2015-05-22 19:56 | Report Abuse

moving down since big boy is dumping

Posted by madguy > 2015-05-22 23:05 | Report Abuse

but i hope its ok to go for long term

Posted by bboycs > 2015-05-23 01:24 | Report Abuse

3/3/2015 DBT 6.25Mil
19/3/2015 DBT 5.00MIL
3/4/2015 DBT 5.00MIL


above Direct Business Transaction was done at RM 2.00, most probably is Disposed by chew
because the latest update for chew's holding was 3rd March 2015 and it is 0% now.

so who eat up chew holding?

Regarding to recent Mondrian disposed..according to bursa market place
On 12 May 2015
Mondrian Investment Partners Limited holding 28,822,700.00 around 8.68% of total share.
Recent Disposed of around 2.6Mil share.. 10% consider a lot? i also found out MONDRIAN INVESTMENT PARTNERS LIMITED bought in wellcall alot during 2013.. so is time for them to take so profit due to malaysia political issue and the high possibility of downgrade of fitch rating?

there is another institution inside which is Mondrian Investment Group (U.S.), Inc. Not really sure what the relationship between Mondrian Investment Group (U.S.), Inc. and Mondrian Investment Partners Limited but Mondrian Investment Group (U.S.), Inc. remain the unchanged position on wellcall while Mondrian Investment Partners Limited disposing.

so the question now is...who took the share chew disposed at rm2? who took the 2mil share from
Mondrian Investment Partners Limited.

hope to have a neutral discussion with you all.

Posted by Invest1188 > 2015-05-23 08:55 | Report Abuse

Alex chew is irrespobsible leaving without explaining toshareholders,afraid the past 5 yrs accounting has fraud

Posted by KCGOH1234 > 2015-05-24 13:17 | Report Abuse

Fraud - u sure or not? they paid almost 100% of profit as dividends for past 5-6 yrs, how to fraud. pls use ur head to think.

Posted by KCGOH1234 > 2015-05-24 13:19 | Report Abuse

mondrian disposal is because of ur country great administration of Najib. depreciation of MYR makes their inv in Msia unattractive. FYI mondrian also disposed KKB. Aberdeen also make disposal on their inv. FYI in foreign investors eye, weighting of malaysia mkt is even worst than thailand, indonesia and even vietnam.

Posted by KCGOH1234 > 2015-05-24 13:20 | Report Abuse

to u Chew is important? who is Chew? he is just a peanut ex finance director. Company belonged to Huang Sha ( a taiwanese). Chew is just his proxy to avoid Taiwan cap gains tax. this explains why such a big amt of shares are transferred back to Huang at RM2 off mkt.

Posted by KCGOH1234 > 2015-05-24 13:21 | Report Abuse

just dump all ur shares, and long term value investors will collect. laugh at short term-ism investors.

Posted by bboycs > 2015-05-24 15:12 | Report Abuse

KCGOH.. how you the chew's disposed go to huang sha?

Posted by omgimnoob > 2015-05-25 15:13 | Report Abuse

Wellcall factory/office in Ipoh looks clean and new, probably just re-painted. Logo too looks new. Dunno where is the extension factory, most of the half-built factory does'nt own a company logo. Are they 5 and a half day working timetable? Full of cars parked in front of the Office on Saturday noon.

From outside view, business as usual.

Posted by Invest1188 > 2015-05-25 19:38 | Report Abuse

How about the new plant anyone there can hv a look and comment

Posted by Marvyn Choong > 2015-05-25 19:42 | Report Abuse

Lao Sai will continue for few more days... I think..

Posted by Taugeh > 2015-05-25 22:47 | Report Abuse

1.45

Posted by Alex Lim > 2015-05-26 12:40 | Report Abuse

rebound?

Posted by KCGOH1234 > 2015-05-26 15:11 | Report Abuse

All industry ppl - sell side knows Chew holds shares on Mr Huang's behalf. use ur brain and think, huang as a founder, is it logic his shareholdings is lesser than a Finance Director? Not only wellcall, all other Taiwanese owned small cap companies have this issue. Taiwan tax their citizen on worldwide income.

https://www.expat.hsbc.com/1/PA_ES_Content_Mgmt/content/hsbc_expat/pdf/en/global_tax_navigator/taiwan.pdf

Posted by KCGOH1234 > 2015-05-26 15:16 | Report Abuse

Info revealed to me based on shareholdings as at 31/12/2014. Mr Huang Sha holds at least 29% of shareholdings. Indirect shares held by Tan Kang Seng, Maximum Perspective S.B. and Chew Chee Chek all belonged to Mr Huang. Chew's actual shareholding is 562,500 shares which held thru his spouse, makes more sense right. How possible a CFO hold 7% of shares where founder cum MD holds only 11% as per annual report.

Posted by KCGOH1234 > 2015-05-26 15:18 | Report Abuse

this explains why Chew direct s/h dropped to 0 share. All already transferred back to Mr Huang (off-market). Dropped in share price mainly because of Mondrian disposal. coming quarter expected to be good, strong USD dont forget and company is 0 debt, dividends 4 times a yr and expansion story. Local buy side are silly, let them sell and regret.

Posted by omgimnoob > 2015-05-26 16:00 | Report Abuse

Oh... this makes more sense, thank you KCGOH1234. However, fingers crossed hopefully the result is good.

Posted by madguy > 2015-05-27 13:19 | Report Abuse

just hope it wouldnt break 1.70 :)

Posted by gungho92 > 2015-05-27 15:21 | Report Abuse

smtg is off... hmm...

Posted by madguy > 2015-05-27 19:22 | Report Abuse

@gungho92 what u mean ??

Posted by madguy > 2015-05-28 01:35 | Report Abuse

hope got good result soon .... will be out in this few days ..

Posted by Invest1188 > 2015-05-28 12:20 | Report Abuse

Good result coming

Posted by KCGOH1234 > 2015-05-28 14:50 | Report Abuse

looking at these 2 days volume, we can believe that Mondrian disposal has come to an end, and they are still substantial shareholders who continue support Wellcall.

Posted by KCGOH1234 > 2015-05-28 14:51 | Report Abuse

decrease in stakes from 9% - 6% is a vote against bad governance of Malaysia and 1MDB which is fair. and good result is coming. KC

Posted by KCGOH1234 > 2015-05-28 14:52 | Report Abuse

Madguy - I think Mr Gung means Mondrian selling is off. KC

Posted by hotdogge > 2015-05-28 17:54 | Report Abuse

go o d result

Posted by bboycs > 2015-05-28 17:54 | Report Abuse

result out..1H net profit 19.897 million (increased 39.73%)

Posted by omgimnoob > 2015-05-28 17:54 | Report Abuse

KC, you are correct. Results out, its a pleasure reading.

Posted by skybird > 2015-05-28 22:39 | Report Abuse

hope tomolo will up !

Posted by sharemaker > 2015-05-29 09:19 | Report Abuse

yeah!! at least back to 2.00

Posted by sharemaker > 2015-05-29 09:21 | Report Abuse

director expect to go up to 3.00 before next year

Posted by omgimnoob > 2015-05-29 09:32 | Report Abuse

When ppl sell, rushing to sell, when ppl buy rushing to buy. Typical Malaysian traders.

Posted by Greedless > 2015-05-29 09:43 | Report Abuse

so u not typical malaysian trader ? patient. technically will drop abit more. just a technical rebound due to oversold

Posted by lbj888 > 2015-05-29 10:07 | Report Abuse

Lucky u Mondrian with this timely qtr report, got retails to absord ur disposal

Posted by lbj888 > 2015-05-29 10:08 | Report Abuse

Come la, dispose and unload all to us, come come

Posted by omgimnoob > 2015-05-29 11:07 | Report Abuse

I only know... once a analyst told me a manufacturer with 35%+ gross margin is no brainer business... unless no demand for the products. I'm stupid investor, I fear I stress too when it drop but I got smart friend to guide me. and lucky of me the quarter result is favorable. I believe some retail investor holding more than 5 to 10 years with zero capital. I wish I'm able to achieve that.

Posted by Invest1188 > 2015-05-29 15:29 | Report Abuse

Balance sheet is superb, after invest 23 milion, cash still maintain at 36 million, loan is only 2 million, very well managed

Posted by gungho92 > 2015-06-01 20:52 | Report Abuse

with the current price... not really attractive...

Posted by fizi3363 > 2015-06-02 12:07 | Report Abuse

Wellcall just being added the Shariah Compliant List on May 29, 2015. Was on this list b4 then deleted and now added again. Should be attrative to shariah fund managers again

Posted by Invest1188 > 2015-06-02 12:41 | Report Abuse

What is the requirement to be in shariah compliant list

Posted by madguy > 2015-06-03 03:04 | Report Abuse

hope it will go up again soon

Posted by omgimnoob > 2015-06-03 21:18 | Report Abuse

Madguy, this kind of shares, we hope the price come down, so we can acquire at lower price, so get higher dividend yield, but go up then shares split again also not bad. At least 3.5 to 4.0

Posted by TheKingFish > 2015-06-04 12:53 | Report Abuse

Still can pick-up shares before the ex-dividend date on 9 June. Expect it to keep going-up until entitlement date at least, on 11 June. Dividend is up again this year, profit margins also up again. Easy play.

Posted by erkongseng > 2015-06-04 20:29 | Report Abuse

Rm1.88 buy in

Posted by L. C. Chong > 2015-06-04 22:40 | Report Abuse

WELLCAL Analysis - https://lcchong.wordpress.com/2015/06/04/wellcal-fundamental-analysis-6-apr-2015/

Posted by angelbooks03 > 2015-06-05 18:30 | Report Abuse

http://angelpoiwoon.blogspot.com/2015/05/wellcal-7231-q22015.html

Posted by TheKingFish > 2015-06-08 09:09 | Report Abuse

Wellcall is still undervalued. The dividend is rising every year and is almost 5% now. ROE is above 40% and has risen every year for the last five years. Return on Assets is close to 25% and has risen over the last five years. How many other companies onb Bursa come close to that?


Wellcall can easily afford to carry-on its generous dividend policy. It has strong cash reserves and can afford any borrowing for higher dividends and capex.


Earnings will also remain above forecast because of the weaker ringgit. Its biggest market is the USA, and the dollar will keep rising vs ringgit. This share is rock solid share and still undervalued. RM 1.88 is cheap. Dividend yield is almost 5%. Buy on Monday and can pick-up the dividend as well.