Researchers and analyst had visited the new plant. Was been told by them. After fully completed of machinery installations and tested run last year. They needed to get major client to come in audit and compliance before they can proceed orders at the new plant. If not , they only can print it at the old factory. Major machines has been transferred to new plant. That was the reason of slow orders coming in. Now most major client compliance has done their visit . Already start the orders at full fledge beginning 2H of 19. Revenue should doubled compared with 1H. Time to stay tune and look at the growth within next 12 months .
MD buying so frequent ...up his stake past few months while disposing his stake in money making Johortin. Expecting this company to outperform Johortin soon ?
Refer to your previous comment that tomy "Already start the orders at full fledge beginning 2H of 19. Revenue should doubled compared with 1H."...Is your source true? Can't imagine 2H would be double of 1H, at least the delivered production capacity would need to increase up to at least 5,000 mt per quarter then only they could have recorded double sales in 2H
Market speculation, there will be retrenchments in Daibochi’s top Management by Scientex Soon. Top sales & people already looking for Jobs . Tomy has already big capacity to fill, is up to the MD to do his job. From the way he is buying , guess he started to filling the capacity.... who knows he is filing it slowly so that he can buy more.
He knows what is coming perhaps. Moreover , he and another major shareholder already own big amount of shares. If he can fill up the capacity soonest. Better for them to do a MBO as it Trading at NTA. Relist it else where when Revenue doubled and all machineries fully depreciated .
Lim already make it public , he got rm30 million cash from JohorTin share sale proceed to increase his stake . He easily can absorb 60m shares based on current price
This company management only know how to support its share price thru buy back only, financial performance lousy. If based on market valuation, with so many quarters of losses, should be valued near 0.5x NTA or around 0.23 only, thus still overpriced by more than 100%
good support after bad results . I wish to buy at 0.23 if your valuation is right . MD has more than enough cash to buy remaining shares in market I guess ... reality market value stands ...
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....
Octopus
549 posts
Posted by Octopus > 2019-07-18 17:23 | Report Abuse
if can long term then go jump into this.. overall shorterm not really look great in price movement but long term ok