Coolinvestor, margin given to plantations is quite high which is 90-100%, ... And you won't get margin call if the stock is going up. Cepat is up trending...
MATERIAL LITIGATION SANDAKAN HIGH COURT SUIT NO. SDK-22NCvC-12/6-2016(HC) YUH @ ABDUL SALLEH BIN POMPULU (PLAINTIFF) VS. (1) SUWAYA BTE BUANG (1ST DEFENDANT) (2) SUARA BARU SDN. BHD. (SUARA) (3) CEPATWAWASAN GROUP BERHAD (COMPANY). The Suit is fixed for trial on 17 April 2017 to 21 April 2017 before the Sandakan High Court. Any sifu sifu does this court case have any implication on CEPAT? Any one who can share with me what will be the out come ???????? TQVM
1 thing i feel weird is why on earth they want to buy 6 "high-end residential property" in Damansara Heights (worth RM7 million each) in 2015. not to mention they have 4 unit of "8 storey apartment condo" in Sandakan.
what is the use of such properties for a plantation company??
The high end property is so that the directors and relatives have a rent free place to stay when they come to KL. They cannot afford to pay for hotel rooms. Better to exploit cepat bank balance to buy these properties.
Its does not sound right or make any sense to spend (RM7M x 6) = RM42 million for so called "high-end residential property" which is totally not related to the business as a plantation company. And the company is having such massive amount of borrowings.
cepat price already factored in the big rise in CPO price.
if u like CPO, there are many other plantation companies trading at around PE 10+ eg. FAREAST PE 10x TDM PE 11x MHC PE 12x SOP PE 14x BPLANT PE 14x KMLOONG PE 14x
Speakup. Cepat now is pe17. So what do you think of the next quarterly report? Possible Minus? In fact, cepat there is still much room for improvement。
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....
nekosan
3,637 posts
Posted by nekosan > 2016-11-29 14:46 | Report Abuse
speakup, how much you eat till now ? so many people selling till 89 cent