Posted by PotentialGhost > 2017-12-27 16:01 | Report Abuse

Must save before price fall , don't save after price fall , after price fall 40% you lagi keluar cakap , apa guna? Saya pun dau

Posted by Dolly_Chai2 > 2017-12-27 16:11 | Report Abuse

haha... Good one PotentialGhost...
I think u r not the ghost, the potential phost is "uptrending"....

see - again with "my 2 cents comment... up to you.. not asking u to buy or sell... bla bla bla..."
typical "noble monk speech".... but r u really that noble?
why waste so much time here being so noble?
we all know your intention....

let me bring up one point to discuss...

Automation:
- let's think what kind of industry is worth to be transitioned to "automation" vs "man labor"
- When I said "worth", think about the start-up, operation, maintenance, etc costs to sustain automation versus human labor to see if it is a more cost effective method or more expensive method

Posted by Dolly_Chai2 > 2017-12-27 16:17 | Report Abuse

i will get the ball rolling:

one of the industries would be:
- require high precision, zero human handling error (in this case, automation may not drive down the production cost, but.. for longer span of business, it saves RMA (reject, return, service, etc) costs

Posted by uptrending > 2017-12-27 17:17 | Report Abuse

Potential

I cut loss @1.17 and warrants @40sen as soon as I know of softwearautomation.com in early Nov., and the news actually came out in Aug 17 on the success of softwearautomation.com
Only regreted didnt know it earler..

Btw, softwearautomation.com now can only service the US market...
I never bot magni but this prolexus. Magni share price has also come down substantially...

I did warn much earlier but didn't say it so clearly...

I may not be right but the fund managers are selling ...



It is only a sharing...

Good luck...

Posted by uptrending > 2017-12-27 17:20 | Report Abuse

Check out softwearautomation.com yourself and don't be emotional.

I am not going to comment any further on this..

Thanks.

Posted by uptrending > 2017-12-28 08:38 | Report Abuse

furthermore , I actually kept 30% of the warrants as an insurance in case of I was wrong in my suspicions and judgement.

when it was announced that the plant in Vietnam was put on hold until further notice, I sold the balance warrants without hesitation @36 sen average...

I said bye now and I reversed my very bullish view as could be read from my early posts.

Good Luck and Thank You .

Posted by PotentialGhost > 2017-12-28 11:27 | Report Abuse

Bet some because really very cheap if lose nevermind , no risk investment where to find?

Posted by Jon Choivo > 2017-12-28 14:54 | Report Abuse

The fact that a company that is building a RM119 garment factory is valued at only 160m.

Is that an error of the market or the error of the management.

Is the management supposed to expand as per how much the business can take it, or as per how much some random people say your company is worth?

Don't be foolish.

Posted by noah > Dec 26, 2017 11:46 PM | Report Abuse

RM119m garment factory is simply way too ambitious for a company with RM160m market cap.
they should start with a smaller scale eg. RM50m and scale up phase by phase.
incur less initial start up cost and depreciation.

Posted by jv1758 > 2017-12-28 16:57 | Report Abuse

I wonder if people looked at the fundamentals of this company when they bought their shares or just because some people thought it would fly right after they bought ?

Posted by PotentialGhost > 2017-12-28 18:09 | Report Abuse

Anyone tomorrow attend to prlexus AGM?

Posted by noah > 2017-12-29 09:24 | Report Abuse

Jon Choivo The fact that a company that is building a RM119 garment factory is valued at only 160m.

Is that an error of the market or the error of the management.

Is the management supposed to expand as per how much the business can take it, or as per how much some random people say your company is worth?

Don't be foolish.
------------


Jon Choivo.

We know your mood is bad plus frustrated as your counter keep breaking record making new 52 weeks low. Since you had easily lose >30% in this company.

Does cursing others make your feelings any better?

Next time, have a cut loss plan when investing to avoid issue like this instead of cursing others.

Be a man and bear your loss yourself.

If not, Shame on you!

I am once a supporter of Prlexus and had sold all my position making when it trigger my cut loss point, totalling around ~10% loss.

You can cut loss anytime when the situation is not right.

Posted by noah > 2017-12-29 09:29 | Report Abuse

Is the management supposed to expand as per how much the business can take it, or as per how much some random people say your company is worth?
--------

If you are there during the 1997 crisis.
Many companies go burst due to this situation.
the management making maximum leverage to expand as per how much the business can take it.

Do you feel comfortable when a management used up most of its hard cash conserved over the years plus maybe made some debts along the process for a garment factory which is ~75% of the company's market cap or 55% of BV if you say market is inefficient wrongly priced your darling Prlexus ?

Posted by noah > 2017-12-29 09:29 | Report Abuse

My stand is
The management should start small and slowly scale up.

Posted by reiki6 > 2017-12-29 10:01 | Report Abuse

agreed with noah..management should start from small scale unless they have "a must" reason. RM119 garment factory with RM160 market capital, like "snake swallow elephant-蛇吞大象" Indigestion or choked to death!

Posted by PotentialGhost > 2017-12-29 10:31 | Report Abuse

Noah action very smart now ，warning you guy

Posted by Dolly_Chai2 > 2017-12-29 11:29 | Report Abuse

noah, I don't see Jon Choivo was cursing you, in fact, you are the one who did it..
no need to argue too much, everyone has his own views.


to me, the management is doing quite well with their risk management plan so far...

why i said so?

I don't think they are over confident and being too risky...

1) They first planned to build the Vietnam Garment Factory
2) then, they dare to put that on hold (knowing that this would cause ppl sell down their shares).
3) They do this for the sake of the company and the shareholders... instead of being too risky and over-confident, they decided to put that on hold... they did their risk assessment.
4) they put the focus back on the fabric mill.
5) why? even if they can't consume all the fabric (in current plan, they definitely cannot consume all internally), they can still sell the excess to 3 parties.
6) they can save raw material costs (vertical integration) and can earn profit by selling the extra fabric.

Posted by Dolly_Chai2 > 2017-12-29 11:30 | Report Abuse

i think they did a right decision to put the Vietnam garment factory on hold...
i rather they do it than to continue with uncertainty...

Posted by Dolly_Chai2 > 2017-12-29 11:32 | Report Abuse

these few days I keep collecting Prlexus and another share.. these 2 shares are well undervalued at this point.. there is another share that i may also collect as it is also dirt cheap now...

Posted by noah > 2017-12-29 14:20 | Report Abuse

dolly.
as you can see my previous comment.
none of it is personal.

we are just discussing an issue.
agree or against the point.
no point to get personal on it and calling others 'foolish' as that Jon did.

as for the management's decision.

don't think its the right thing to used up all your cash to set up a mill that will generate loss in the short term.

long term yes the mill might benefit them, but with such massive capex invested, used up all cash and near term negative factors eg strengthening of RM, UA sales drop etc.
are you sure you can survive the short term in order to achieve the long term benefit?

Posted by Dolly_Chai2 > 2017-12-29 14:52 | Report Abuse

noah, understood...
but tell me what business/expansion will not see "gestation period" at the ramp-up stage that incurs some loss in the short term?
even if you are selling nasi lemak on your first few days, u still incur loss for the small capex you invested (for pans, pots, containers, utensils, etc)...
what more if the business scale is much bigger?

the key point is what is the payback period?
look at latest 2017 annual report, the chairman hinted that the positive growth will be seen in 2019..
yes, in 2018 (short term) u dont see positive growth... but if u r a long term value investors, can u wait for a few years?

for me, i can...

Posted by Dolly_Chai2 > 2017-12-29 14:53 | Report Abuse

u may be thinking that: ohhh.. i wait till end of 2018 then only i buy Prlexus shares...
come on... market is not that stupid... by then ppl already accumulated enough and the share price has gone up..

buy it when it is at the coldest period, that u know one day it will turn hot again...

that is my method

Posted by Dolly_Chai2 > 2017-12-29 15:27 | Report Abuse

should be out by end of today

Posted by Dolly_Chai2 > 2017-12-29 15:28 | Report Abuse

but pls do not expect very good results...
as management had indicated, due to start-up cost of the fabric mill, 2018 results may be impacted.. but on garment segment, it should still be profitable...

Posted by Daniel Ryan > 2017-12-29 16:08 | Report Abuse

Key takeaway from AGM:
The industry is now heavily disrupted.
Fabric mill to commence operation by July 2018.
Expecting worse sales but not by too much.
Nike is reducing order by a lot while others are increasing by a little.
Engaged mainly in running & training attire.
Fabric mill do soft fabric not sewn. According to MD, not afraid of competition or automation.
Trump tax cut bring biz back to US.
E-commerce division in China seems to be in plan but from what I hear, they have no clue what they are doing. Only a store at Tmall.
(I asked them to look into Baozun, MD gave me his number :p )
Fabric could sell for $1.5 to $3 per meter but initially they will sell cheap to attract customers.
Business depend on North America but now they want to look at China.

In short, MD was honest to tell me that current situation is very challenging, all his previous plans disrupted by Trump. Business is only expected to improve from 2019 onwards if they are lucky. If you are willing to wait till 2021, you could still profit but I think it is too uncertain.

Posted by Daniel Ryan > 2017-12-29 16:10 | Report Abuse

Conclusion, better cut lost if you own the shares, if you feel that you got the patience and holding power go ahead, but I will like to say that if you wish to see a fruitful result you must hold till year 2020 at least( mark my words).

Posted by reiki6 > 2017-12-29 16:21 | Report Abuse

thks Daniel Ryan for the AGM update

Posted by oxxxyxxx > 2017-12-29 18:06 | Report Abuse

Poor result..

Posted by Jon Choivo > 2017-12-29 18:08 | Report Abuse

Thankfully, the price more than incorporates all these bad results =)

Fairly ok with it, drop in revenue, but GP shows no compression.

oxxxyxxx Poor result..
29/12/2017 18:06

Posted by Jon Choivo > 2017-12-29 18:09 | Report Abuse

Wait lol, i was reading the sept one. Thought you meant results out d. Haha

Posted by apolloang > 2017-12-29 18:19 | Report Abuse

happy new year 80cts coming cos results still no improvement

Posted by apolloang > 2017-12-29 18:29 | Report Abuse

if loss 20 mil then maybe can 50cts,for the moment is 80cts

Posted by Jon Choivo > 2017-12-29 18:31 | Report Abuse

Haha hopefully 60C?

Then i can buy more. Too bad i not KYY, otherwise can top up d.

Posted by oxxxyxxx > 2017-12-29 18:36 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5651973

Posted by PotentialGhost > 2017-12-29 18:43 | Report Abuse

Hooray apolloang very happy after he saw bad results out 。

Posted by apolloang > 2017-12-29 18:50 | Report Abuse

prediction right,warning people from buying at 1.40 now only 86cts.hopefully save many from losing

Posted by PotentialGhost > 2017-12-29 18:51 | Report Abuse

Apolloang life mission is left any bad comments after bad result released , life still long ,but i sure one day Apolloang will kena (mark my word) kekeke

Guy even lose money also don't be pessimistic , life still long 。 earn money sap sap sui

Posted by apolloang > 2017-12-29 18:52 | Report Abuse

I try to save people from losing why u like people to lose ar?

Posted by PotentialGhost > 2017-12-29 18:54 | Report Abuse

Apolloang is very busy prediction everywhere forum

Posted by apolloang > 2017-12-29 18:54 | Report Abuse

if u think can up u go buy,for me I predict will drop more cos the results is not good

Posted by apolloang > 2017-12-29 18:55 | Report Abuse

yes to warn people from donating to the crocs, are u a croc anyway?

Posted by Jon Choivo > 2017-12-29 18:58 | Report Abuse

Hmm that was a worse result than expected. I need to study again.

Posted by Aaron Foo > 2017-12-29 19:16 | Report Abuse

The arrival of the 2018 World Cup, Hope to bring better performance to the company

Posted by coldinvestor > 2017-12-29 20:35 | Report Abuse

TP RM0.50 is too low May be RM0.51

Posted by shareinvestor88 > 2017-12-29 21:16 | Report Abuse

Wah TP 51C

Posted by chonghai > 2017-12-29 22:27 | Report Abuse

Stop talking about World Cup. World Cup has no close to zero impact on revenue of NIKE, PROLEXUS or MAGNI. If you do not believe me, go and compile NIKE revenue history.

If you are hoping for world cup to improve the revenue, good luck.

Posted by fkser > 2017-12-29 22:34 | Report Abuse

OMG like magni

Posted by fkser > 2017-12-29 22:35 | Report Abuse

0.75

Posted by newbie5354 > 2017-12-30 13:47 | Report Abuse

Why EPF dabble in wrong counters? 2018 must cut loss?
https://klse.i3investor.com/insider/substantialShareholder/8966/27-Dec-2017/416474_3192789652.jsp

Posted by shareinvestor88 > 2017-12-30 14:58 | Report Abuse

Sell... TP 50c

Posted by voon1900 > 2017-12-31 14:56 | Report Abuse

sell. tp.0.15