How "EG-IPC" can offer for EG's shareholders benefits ? Would it increase the inventory at much lower cost and lead to a drastically decrease for the short term trade finance cost... personally i think its a yess. Hope Dato TT & Dato Alex ascertain the minor shareholders through their corporate press materials. It is necessarily to gauge well with all the shareholders for every cents invested stay imformed for the development & the progress . https://youtu.be/2BXD6NALPVc
1. 50% of the tickets are on the Top 30 shareholders hand...
2. $9.4mil long term debt / 35.7mil cash .Debt gearing is only 0.263 Why most peopples cant get it rite ? Ignore the Short term debt lah , its for their trade financ. Besides, the CFO do a great credit controls with almost their receivables collectable within 30 days.
When things start developed at faster path, with less n lesser ticket in the market BOOming to moon loh.
(REPOSTING AN OLD COMMENT # 2) Lets Re-look for EG,(CAPITAL PLANNED AHEAD)
If one wish to have an outlook of the EMS company, say a 2-3 years duration. He may interested to a review on the 'capital funding' planning .
As u may notice, EMS sector are Blossoming in Malaysia region . Thus, the continuing of capital is crucially to ensure a better position and steadily growth in order to be able to ramp up to higher level of the value chain .
IN EG'S CASE,
FUNDS#1 (R.I.Nov'15) : 100% of $57mil utilised on 31/3/18 FUNDS#2 (R.I.Oct'17) : 38% of $40mil utilised on 31/3/18 *** Excl.$10mil from funds#2, bcoz not contributing as 'growth capital'. FUNDS#3 (70mil. shares Eg-wc exp. Nov'20) : $30mil. expected by Nov,2020 FUNDS#4 (67mil. shares Eg-Pa exp. Oct'22) : $60mil. expected by Oct,2022 *** Dont forget if the Thai Unit IPO through, another capital unlocked then.
'Retained profit' : $109mil. as on 31/3/18 Average 3 years 'Anual Net profit' : $21mil 'Long Term Borrowing' : = $196mil as on 31/3/18 *** Its normal to have Short term borrowings eg. BA/TR are for daily trades need.
So, what are wee expecting from the above ? Simple ... EG need to deliver us with an anually x 20% growth or to be able to hit a $40mil net profit by at FY20 .
Above sharing just my humbly facts sharing, it doesnt intend to lead or promote the particulary stock. But, to show where is EG direction ... enjoy your journey egian.
Yaa, EG's Long Term Debt just merely a 9.6mil (yet to book-in its 12.6mil neighbouring facility base).
As long as their cash operated from core biz increasing plus lowering of the short term debt(with ipc & its latest smart factory 4.0 ) i trust eg will heading to a much better quantum.
However, above just basing my own view havent been clarified or evidenced from its qtr results.
newbie4444 RI not in 2017? In 2017 got buy factory? RI money finish already haha. SBB money fall from sky? Won't be surprised another RI in 2019/20. 17/02/2019 12:03
Posted by Hustle > Feb 17, 2019 03:13 PM | Report Abuse If you really tought the SC will allow a company that currently doing SBB and come out with RI again?
first of all, i dont put too much expectation on the coming qr since the increase cost and shortage of raw material, but both revenue and profit will remain stable.
what attract me is the new plant that will operate few months ahead. EG had mentioned in the website that this new factory will focus on 5g product, it seems to be a hint to us that coming contract will b related to 5G. Wait n c...
Talk so much (VenFx nonstop talking since RM1++) but counter still sleep and boring some more look like dying. Banker/Investor not interesting at all on company share buy back issue. Another failure of EG...
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....
VenFx
14,784 posts
Posted by VenFx > 2019-02-15 12:00 | Report Abuse
This round Dato TT & Dato Alex
really skillfull on how to buy low.
Good take, as currently EG didnt attracts any speculators.
Purely in sapuing their own tickets into a much strong hand.
Market float share less than 43% by now, still buy back aggressively by the management.
Most investors still apply kiv currently...(lets see what's blow next)