So can the director answered their questions? Any future plan from the management team? Bright has recorded 3 losing QR with negative EPS at the moment.
Don't worry about the quarter result, company loss because of depreciation of rm5 million. Without this depreciation company actually make a profit. Cash in hand increased from rm30million to rm35 million and debt free. This is a good time to buy this share.
Bonesai, pls do not mislead the market, according to SC rules:
"Trigerring MGO offer price is the offeror paid for the past six month"
If u check back the price chart of Bright, the highest price SK Wong paid to acquire Bright's share is 42cents, that's mean the mgo price will be 42cents!
The problem Bright is facing is industry problem. It is very price competitive although market is potentially big.
Secondly, in previous managment, there is no aggressive expansion. So, the solution now lays on the current management. They have shown they want to be BIG by grabbing more market. The price they pay is competitive pricing.
Now, question is worth to invest?
At current price, Bright is not considered cheap. Remember the cash it has is from right shares.
Bright needs volume and industry change in order to survive. There could be some merger and acquisitions.
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....
shareinvestment7
702 posts
Posted by shareinvestment7 > 2016-03-04 22:11 | Report Abuse
So can the director answered their questions? Any future plan from the management team? Bright has recorded 3 losing QR with negative EPS at the moment.