The Contrarian,I think we are the very few here still buying.52 weeks low 47 sen,5 year low 42 sen,I don't think it go below 0.40 unless something drastic came out.Risk low but reward/upwards potential very high.Let's wait and see.
Cash/FD balances improved from RM90 million on 30/6/17 to RM109 million on 30/6/18, this translates to 47 sen cash backing per share. There's no borrowings.
LION POSIM will be the target of becoming a private company by the largest shareholder. Minority shareholders are not up to 25%, The largest shareholder only requires not exceeding RM100 million to has a 100% stake in this company.LION POSIM has assets of RM557 million. RM109 million is in cash.
Current assets more then current liabilities by more than 200 millio with cash of 62 millio. Good luck if receivables is not written off substantially as in the case of london biscuits, NTA from above $1 to negative 0.25.
Please study before buying, the extremely high PAT is due to other income - the reversal of impairment loss 22m, minus this out the PAT is only 3m, slightly better improvement in gross profit.
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....
TheContrarian
9,495 posts
Posted by TheContrarian > 2017-11-13 11:16 | Report Abuse
Go, go, go Lionforest