Loaded some at 1.42 :D, JTiasa, Taan, FLBHD are timber stocks, all profit up due to the very same reason
1. Strong USD vs MYR, especially for the past few months when USD soar a lot due to QE tapering 2. Plywood price improve and hence profit margin better. 3. furthermore, there is land disposal which may improve its Cash n Bank balance from 70mil + to 200mil+ ( But dunno when they can receive the proceed of the disposal )
Eksons last year same quarter EPS only 1.9 cents, this year Q3 should be easily better than last yr Q3.
How many of you trap in this counter after listening to mr bone writing ? Like I say don't follow blindly or at least wait for the counter and the writer to sell and drop first before u enter :)
DISPOSAL OF LAND BY RUSSELLA TEGUH SDN BHD A 60% OWNED SUB-SUBSIDIARY OF EKSONS CORPORATION BERHAD FOR A TOTAL CASH CONSIDERATION OF RINGGIT MALAYSIA ONE HUNDRED FORTY MILLION TWO HUNDRED SEVENTY THREE THOUSAND THREE HUNDRED AND EIGHTEEN ONLY (RM140,273,318-00)
Pursuant to our announcements dated 20 November 2013 and 22 November 2013, the Board of Directors of Eksons Corporation Berhad wishes to announce that the Company had on 3rd of March 2014 been informed that the Consent to Transfer had been obtained on 26 February 2014.
The Consent to Transfer referring to the Land or the Money ?
Means the state authority had consented for the land to be transferred from the vendor to the purchaser. If the consent to transfer had been obtained, the next course of action is the payment from the purchaser to the vendor.
If purchaser pay cash, then it will be very fast.
If purchaser is taking a loan with the land as charge, then the title will be charged to the purchaser financier and the balance sum to be released.
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....
Tipster
752 posts
Posted by Tipster > 2014-02-06 23:59 | Report Abuse
One thing for sure, Eksons have nothing to do with furniture... Dun think Eksons will make any losses..