Posted by Flying Cloud > 2017-09-05 16:27 | Report Abuse

Someone just tried to ignore the cash flow problem of this company, always talk about future.

The problem is NOW, not future.

The more sales they generated, the more money they need to support their operations, because they give more than 3 months terms for their sales to their customers.

Posted by CFTrader > 2017-09-05 16:31 | Report Abuse

it is not right issue of the normal share ...
it is issuance of RCPS ... , and every 4 RCPS , gives you another 1 normal share.

RCPS doesn't ranked pari-passu with normal share.
It is ranked higher.

Posted by Flying Cloud > 2017-09-05 16:34 | Report Abuse

After one year of singing songs by its CEO, the real fact is the company is still facing cash flow issues.

They supposed to have solved the issue in their previous exercise of right issue

Posted by lkoky > 2017-09-05 16:35 | Report Abuse

looking back at the old blog, really glad didnt fall for it.
https://klse.i3investor.com/blogs/lkoky/112975.jsp

Posted by CFTrader > 2017-09-05 16:37 | Report Abuse

Doesn't matter la...
Just monitor this counter casually is enough ...
When the FCF comes in,
Valuation will change ... (example, HEVEA of 2014)
That will be the big money ...

For now,
sorry, not interested in pumping money for EG.

Posted by Flying Cloud > 2017-09-05 16:38 | Report Abuse

Every 4 ordinary shares will entitle for 1 preference shares plus 1 bonus issue


(I) RENOUNCABLE RIGHTS ISSUE OF UP TO 67,296,172 REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") ON THE BASIS OF 1 RCPS FOR EVERY 4 EXISTING ORDINARY SHARES HELD IN EG INDUSTRIES BERHAD ("EGIB") AT 5.00 P.M. AT 20 SEPTEMBER 2017 ("RIGHTS ISSUE"); AND (II) BONUS ISSUE OF UP TO 67,296,172 NEW EGIB SHARES ("BONUS SHARE(S)") TO BE CREDITED ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 RCPS SUBSCRIBED BY THE ENTITLED SHAREHOLDERS PURSUANT TO THE RIGHTS ISSUE ("BONUS ISSUE")
https://klse.i3investor.com/entitlement/8907/30-Aug-2017/17977_2711824276.jsp

Posted by Flying Cloud > 2017-09-05 16:49 | Report Abuse

Comment from fellow member, R3D3:

Digging up the data and tabulating it, we see the following:

FY'16Q1 Sales 190 million Receivables 166.806 million
FY'16Q2 Sales 208 million Receivables 173.487 million
FY'16Q3 Sales 152 million Receivables 199.050 million ***
FY'16Q4 Sales 150 million Receivables 225.805 million ***
FY'17Q1 Sales 234 million Receivables 294.245 million *

The flags were clearly raised when FY'16Q3 the sales were down from 208 million to just 152 million, compared to the previous quarter but the trade receivables ballooned to 199 million from 173 million. And receivables had ballooned the next 2 quarters. In a space of 3 quarters, trade receivables went from 173 million to 294 million, an increase of 121 million!

This puts a massive question mark on the reliability of the sales revenue recorded by EG and it puts a huge doubt on whether these Receivables can be collected by EG Industries and the longer this issue persist, EG has to deal with the issue, which could force EG Industries to restate these receivables as doubtful debts.....

Huge risks !
04/01/2017 18:33

https://klse.i3investor.com/blogs/lkoky/112975.jsp

Posted by Flying Cloud > 2017-09-05 16:51 | Report Abuse

Can any one free enough to continue the computation, I am outstation now

FY'16Q1 Sales 190 million Receivables 166.806 million
FY'16Q2 Sales 208 million Receivables 173.487 million
FY'16Q3 Sales 152 million Receivables 199.050 million ***
FY'16Q4 Sales 150 million Receivables 225.805 million ***
FY'17Q1 Sales 234 million Receivables 294.245 million *

Posted by VenFx > 2017-09-05 17:04 | Report Abuse

Z zzz ....
someone working hardly to press down Eg .
so, where is the bottom ?

Dada ... 0.760
immediate rebound ? 0.8?
Juz my guess , dont shoot me .

Posted by VenFx > 2017-09-05 17:07 | Report Abuse

Bad new for you , flying cloud ..

There is non single default payment over the past 3 years.

Where come your so call HUGE RISK ?

Posted by Flying Cloud > 2017-09-05 17:15 | Report Abuse

I just share facts & figures which can be derived from the financial reports announced by the Management at Bursa Website & these were my intrepretation & understanding. Nothing were obtained from the sky or hearsay.

You may have yours to think differently & I respect that.

One thing I must stress, I have nothing in EG, so price down was nothing to do with me, it is market force from the general investing public.

Posted by VenFx > 2017-09-05 17:19 | Report Abuse

I see :)

Posted by Flying Cloud > 2017-09-05 17:20 | Report Abuse

VenFx, I respect you personally very much, it is just investing & nothing personal.

Posted by VenFx > 2017-09-05 17:22 | Report Abuse

i'm thinking to post Pricing behavioral before and after R.i.
to test my analogy ...

So. we can sama2 kaji then xp

Posted by Flying Cloud > 2017-09-05 17:23 | Report Abuse

I am not that kind of mad dog like supermx2 in CAB forum, barking non stop for nothing
http://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=CAB

Posted by VenFx > 2017-09-05 17:23 | Report Abuse

No problem Flying Cloud ...
i do learn something from your way of seeing things .

Posted by VenFx > 2017-09-05 17:25 | Report Abuse

That's insane really , it remember me optimusprime ... he was a good dog lovers . We only found out after he passed away .

Posted by Alex Foo > 2017-09-05 17:29 | Report Abuse

alex must believe alex kang ceo

Posted by Flying Cloud > 2017-09-05 17:29 | Report Abuse

I hope I will be wrong in EG, like what I was wrong in steel future.

I get nothing if I am right, but if I am wrong, many will make money, that's what I am thinking.

Posted by VenFx > 2017-09-05 17:30 | Report Abuse

Alex ,
i'm happy to see u able to make a come back from Hengyuan .

With 7.63 sustainable ,,,, hengyuan probably will have greener sky .

Posted by Alex Foo > 2017-09-05 17:32 | Report Abuse

ven sifu, i 'cried' that night oh...and also thought of cut loss the next day morning. glad my fren told me to just hang on la..... sometimes need to believe in my stock a little more also

Posted by VenFx > 2017-09-05 17:33 | Report Abuse

Flying bro, ain't too late for steel ...
As they are now to be explode soonly .

Annjoo take the lead first ... followed by Ssteel > Masteel > Prestar > Lionind ; the potentioa may as good as Hengyuan and perhaps EG(provided u able to load up at low) xp .

Posted by Alex Foo > 2017-09-05 17:33 | Report Abuse

actually, if not because of cash flow problem, eg wouldn't be having this price today.

A problem also gives EG an attractive entry.

What's the % EG can solve its CF and move on?

Posted by VenFx > 2017-09-05 17:34 | Report Abuse

i trust your reputation Alex ...

In bull run , dont easily wash out ... focus on the Bigger landscape .

Posted by VenFx > 2017-09-05 17:38 | Report Abuse

Once EG has satisfy with its CAPEX need to level up
with EMS's sector globally .

This is neccessary for them to level-up in order to adopt to 'vertical integration as a global player',

Master Fong siling stay put, i find no reason for me not to grow together with EG's biz ...

Posted by Cimbnet > 2017-09-05 17:46 | Report Abuse

Lol,master siling still stay put ke? Ok la, stay put + 1

Posted by VenFx > 2017-09-05 17:47 | Report Abuse

Lol,master siling still stay put ke? Ok la, stay put + 2

Posted by VenFx > 2017-09-05 18:40 | Report Abuse

My record show :

Master Fong siling has hold EG's share since, 16/11/15 ;
and to furthur adding another (4.34%) shareholdings for EG-Wc on 21/10/16 making master to Top 3 .

Posted by Alex Foo > 2017-09-05 19:01 | Report Abuse

haha ven sifu...my reputation only 6 months since April....I'm too late to bursa party d....last time just working...

Posted by Alex Foo > 2017-09-05 19:02 | Report Abuse

jiayou ba.... Alex Kang CEO gogogo ~

Posted by Alex Foo > 2017-09-05 19:05 | Report Abuse

on a side note...I'm actually preparing to enrol 2018 competition....and hope egg will be the finalist :)

Posted by VenFx > 2017-09-05 19:38 | Report Abuse

U should be , Alex bro .

Posted by VenFx > 2017-09-05 21:50 | Report Abuse

(Pricing Strategies) after R.i. entitlement announced on 30/8/17 :-

Before Ex : $0.745 - 0.835 ( Easy accumulation placed in, for mid term investors)
Post Ex : $0.655 - 0.745 (shoot anything , including it's Warrant-c; u got to be nimble)

Wish all of u here enjoy hunting $ xp

Posted by VenFx > 2017-09-05 21:53 | Report Abuse

Why someone would be happily to press down the underlying share price BEFORE -EX ?
There are reason behind it .

Soon to reveal .

Posted by KL_82 > 2017-09-05 22:36 | Report Abuse

Hi VenFx Sifu, mind sharing ur view on warrant C price after ex? Getting confused with the adjustment..

Posted by VenFx > 2017-09-05 23:17 | Report Abuse

KL_82 bro,
My view on Eg-wc, it is still the best tool to maximise your money value so far.
Somemore, today's pressing down on Eg-wc has make it a hard to reject bargain.

At below 0.400 , u probably juz press the Buy button ...u won't regret it.

Pls read my working for warrant in Eg-wc thread.
Remember to buy & hold to win BIG ... not for few cents stuff

Posted by KL_82 > 2017-09-06 00:56 | Report Abuse

Thanks VenFx Bro, 0.4 + 0.42 = 0.82.
Say mother after ex able to stand at 0.7, premium about 18%. Okok. Thx for info

Posted by VenFx > 2017-09-06 08:38 | Report Abuse

The correct premium after ex-r.i., should have lowered below 9% based on yesterday closing.
Try to use Wc@ [$0.375 closing x 5lot ] ÷ 6 = your new average cost per lot.

Posted by VenFx > 2017-09-06 09:47 | Report Abuse

是时候 了。
母股 :$0.760
Wc : $0.385

Posted by Vin Chuah > 2017-09-06 10:00 | Report Abuse

boring !!!!!!!dropped daily

Posted by KL_82 > 2017-09-06 10:26 | Report Abuse

Just sharing. Maybe not many people know about warrant C adjustment. Beside exercise price adjusted from 0.50 to 0.42 due to mother share right issue. There is also additional free warrant c given to warrant c holder after right issue on the basis about 1 for every 5.079 warrant. Meaning u will get 20% more units.

Posted by wsquare1287 > 2017-09-06 11:28 | Report Abuse

now buy in still entitle RI right?

Posted by smartly > 2017-09-06 11:30 | Report Abuse

why buy now ? can wait till the x day...

Posted by smartly > 2017-09-06 11:31 | Report Abuse

maybe cheaper

Posted by KL_82 > 2017-09-06 11:37 | Report Abuse

听冷投资者那么说，有点期待。继续等吧。可是WC的量也小的可怜，要买和卖也不能多。看来票源已经集中了。

Posted by KL_82 > 2017-09-06 11:46 | Report Abuse

Buy now entitle to free warrant C lo. After ex cannot get free warrant.

Posted by Cimbnet > 2017-09-06 13:22 | Report Abuse

Aduh .. why drop everyday t.t

Posted by VenFx > 2017-09-06 14:48 | Report Abuse

都是一些 左右袋 的 戏把 
到可 不必担心 :)

目的 压低成本
和 布局 下一步 xp

Posted by nekosan > 2017-09-06 14:54 | Report Abuse

continue sink no matter how hard venfx promote it ... pathetic

Posted by VenFx > 2017-09-06 14:54 | Report Abuse

当 散户 
从 被动 变成 主动时
这一招 就 行不通 咯 :)