I really dun understand why need borrowing as the company already cash rich. Why need to spend money on borrow another 100mil? For godsake? Too much money why need to pay interest? What is lazy balance sheet you talking in the AGM?
Haha i guess when u saying this kind of account can borrow another 100mil, i know you are that second largest shareholder who curi curi collected more tham five percent. No need to hide that you are him. Too obvious that you are that indian
haha rohank71, you are "his friend" because you are Siva Kumar. You know about him because you are him. Hahaha
Anyway for my personal preference, I dun like SPAC because i dun know about the business. It is high risk high reward type and i dun like it. But anyway it is personal preference. Not right no wrong.
6.03 is historical high b4 dividend. After dividend is 5.72 is the new high. Since today morning it trading at 5.72 so it should consider new high for sam
We need to see share split, bonus issue and free warrant, the share price will move up north. The liquidity is not there for this stock. Hope for the best. Thank you.
Well, like I told msny to avoid Frontkn also. Last time PPL making hu hah only Frontkn Taiwan biz lah, this lah tht lah. Finally tumble doen! As its profit affected by oil n gas!
As I said earlier, this Sam latest good result due to recovery in manufacturing of HDD, instead of aero related biz. So? Ask itself is it sustainable???
Thanks Icon, I already have many Latitude shares. Very cheaply priced now. I think its turn is very soon. Just need patience same as KESM Magni SIGN POHUAT.
If one simply reads the qtr report 6/2015, yes, on the surface, sure aerospace division has been stagnant. What you want to look at is between the lines.
Read their last annual report - the rock star themed one where they trumpeted their triumph of gaining a strong foothold into the super high barrier aerospace industry
And then you look at their announcements in end may to August on their website where 4 new orders were given for a total of RM 2 billion + and guess for what division, AEROSPACE !!!
What this means is that this is not reflected in their June 2015 quarter report and they will feature very prominently in the quarters to come.
And finally, pay attention to the Supplier performance award by their customer In June 2015 and you will know that they have achieved quantitative and qualitative excellence in their work. Which means, there can only be more contracts moving forward.
This is a core holding and a definite buy on weakness. If not for Ooi Teck bee fighting for shares with me at the 5 -530 region, I'd easily listed as a top 30 substantial holder with at least 120,000 shares. Now, I just have to content with 62,000 shares
And one last thing, for the contracts mentioned above, the currency announced was USD and exchange rates equivalent were quoted in their announcement at between 3.6 to 4.
With our currency now at 4.45, can you see how much more blind profits they could potentially make just by not having to do anything more?
So, what is there not to like about this company? Maybe, the dilutive iculs. That's a small blip when they have such large and possibly, replenishing order book.
ha..ha... Rosmah snake don't influence me la... ok I will not sell SAM first.... perhaps after corporate exercise only consider...... Anyway I still will buy Latitude tomorrow... coz its so looks attractive now...
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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....
pingdan
1,549 posts
Posted by pingdan > 2015-09-29 20:26 | Report Abuse
Icic rohank u sound like the second largest shareholder. I guess you are that indian that suggest alot of thing in the agm.