Posted by Albukhary > 2021-04-13 11:57 | Report Abuse

Keep accumulating.. donno how long to wait, but I will stick to my plan.
Although the RM1mil++ losses may charge into P&L coming quarter, but I am still have my trust on the management capability, as this company has 1 legal case only for the past 10 years. Should be consider very well manage company.

Posted by roger3210 > 2021-04-14 10:04 | Report Abuse

be careful bro, next QR will be ugly due to 2mil penalty..... insider has been selling non stop ahead of bad QR

Posted by SmallSexyPig > 2021-04-14 23:21 | Report Abuse

even if they have RM2m penalty, they have plenty of cash reserves to cover it.

Posted by roger3210 > 2021-04-14 23:37 | Report Abuse

it may suffer heavy sell down when time come, buy only after result out, buy now ur money will get stuck here for at least 2months.

Posted by Albukhary > 2021-04-15 00:01 | Report Abuse

roger3210, thank for your advice.

Don't worry, we are long term investor which aim more than 100% gain within 2-3 years. For me, RM0.60++ (or market capital below RM200mil) is consider a good entry price.

If the legal case can caused the share price drop lower to 50sen or 40sen, then it would be even better for us to collect.

Posted by roger3210 > 2021-04-15 01:33 | Report Abuse

welcome bro.

Thats why I said wait for durian runtuh 1st, more ppl will be selling before the terrible result out next month.

Posted by Xxxting > 2021-04-15 16:43 | Report Abuse

After i studied this counter. Ill follow u albukhary. I believe in this company r undervalue n ur words makes me more confident

Posted by Albukhary > 2021-04-15 19:45 | Report Abuse

The acquisition of UTC Engineering has completed today, good news.
With the increase dividend policy and aggressive expansion through acquisition, I believe next quarter should be booming.

My Sifu Cold Eye always said :-

没成长，不要买
有成长，不要卖
成长长，长持有
成长短，短持有

我在股海漂流了16年才略懂这四句话的真谛。

Posted by OscarC > 2021-04-15 20:40 | Report Abuse

We refer to our Announcements in relation to the Proposed Acquisition.



The Board of Directors of Dancomech is pleased to announce that the Proposed Acquisition has been completed today. In this regard, UTC Engineering Sdn Bhd has become a 55%-owned subsidiary of the Company.



This announcement is dated 15 April 2021.

Posted by roger3210 > 2021-04-16 10:10 | Report Abuse

looks like going to break below 60c soon, the selling pressure it too huge that even good news also no use.

Posted by rivter > 2021-04-16 17:09 | Report Abuse

this danco who want buy better wait after pay dividen ~ price drop till 0.6 baru buy ~
12/03/2021 4:26 PM
this 2 day 0.60 buy abit ~~ undervalue stock

Posted by Xxxting > 2021-04-17 10:35 | Report Abuse

u guys think this counter can drop below 60 c meh

Posted by Joyinvest > 2021-04-19 09:31 | Report Abuse

0.60 looks like a strong support to me. Don't think it will break this support.

Posted by roger3210 > 2021-04-19 09:39 | Report Abuse

it will be broken in this week

Posted by SmallSexyPig > 2021-04-19 09:54 | Report Abuse

I think so too.

Posted by garychee8 > 2021-04-19 11:10 | Report Abuse

omg 0.60 pun gone....sad sad counter...

Posted by roger3210 > 2021-04-19 11:20 | Report Abuse

insider selling kuat kuat ahead of QR release next month, unless u gt unlimited fund, better wait till result out, expected very bad QR coming.

Posted by SmallSexyPig > 2021-04-19 11:52 | Report Abuse

how you know insider selling, how you know QR "very bad". What is "very bad"

Posted by Xxxting > 2021-04-19 12:29 | Report Abuse

Roger seems like u very confident it will drop blw 0.60

Posted by OscarC > 2021-04-19 12:53 | Report Abuse

i dont think that 2m penalty is big issue. the increased profit can cover that 2m loss in one quarter.

Posted by SmallSexyPig > 2021-04-19 13:42 | Report Abuse

I'm sure it will drop below RM0.60 because of the current market sentiment and it doesn't really bother me because the company is having nice steady growth and expansion.

But the RM2m penalty isn't an issue at all. they have around RM52.5m in cash reserves as of last statement.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=213430&name=EA_FR_ATTACHMENTS

I'll wait for the next QR, even if it's a -ve net profit. It's not going to be a crazy high amount.

Posted by roger3210 > 2021-04-19 13:47 | Report Abuse

Danco avg QR net profit only around 3mil, with 2mil penalty, next QR probably only 1mil or even lesser, or could be 1st -ve result given commodities price has skyrocket to the moon.

Posted by garychee8 > 2021-04-19 13:54 | Report Abuse

Looks like a long haul for this counter....lock it up and hopefully div higher than Fd rate...good luck guys..this counter is out fr my radar...

Posted by Albukhary > 2021-04-21 00:13 | Report Abuse

Actually why you all keep mentioned about penalty RM2mil? Based on Bursa Announcement, the amount is RM1.108 mil only, how come you all can round it up to RM2mil? Did I overlooked anything?

Posted by garychee8 > 2021-04-21 10:28 | Report Abuse

Correct la bro..they pd rm1.108mil on 5/4/21...

Posted by Albukhary > 2021-04-21 18:16 | Report Abuse

Sleeping beauty, continue to collect and keep under the mattress.
One day wake up and see, it become a beautiful girl.

Posted by SmallSexyPig > 2021-04-22 08:59 | Report Abuse

you keep women under your bed?

Posted by dchin472 > 2021-04-22 14:12 | Report Abuse

can drop more？

Posted by SmallSexyPig > 2021-04-22 15:24 | Report Abuse

Very low volume today. Just wait.

Posted by subby11 > 2021-04-26 10:50 | Report Abuse

The penalty was paid on 05/04/2021. It will not included in financial position of next quarter. It is the matter of next two quarter. So next quarter report shall be still brilliant like last quarter of 2020.

Posted by Albukhary > 2021-04-27 14:23 | Report Abuse

subby11, from accounting perspective, the penalty should be recognised based on the date it become liable, instead of date of payment. If not mistaken, the judge order is on march 2021, so the penalty should be recognise in Q1 2021 report.

Posted by Albukhary > 2021-04-27 14:25 | Report Abuse

So far I think I am the one that continuing collect Danco.

Is there any Danco fans here, please stand out and support support.

Coz I am very lonely.

Posted by simon > 2021-04-27 16:14 | Report Abuse

iam still holding

Posted by Irisoren07 > 2021-04-27 16:38 | Report Abuse

Still holding also, glad Albukhary is in here with me. I just really thought 0.6 would have stronger support

Posted by LeftHand_of_God > 2021-04-27 19:34 | Report Abuse

I think if this continues long enough I'm gonna be a substantial shareholder lmao.

Posted by OscarC > 2021-04-27 20:41 | Report Abuse

I top up more today.

Posted by Fly888888 > 2021-04-27 22:19 | Report Abuse

Albukhary , i still holding price 0.61 & keep continue to average down.

After i read the Annual Report.

Share Capital = 70,362,159 m
Retained Earning = 111,683,242 m
Total Equity = 153,657,600 m

Total Current Asset = 136,570,525 m

Fixed deposits with licensed banks = 28,790,729 m
Cash & Bank Balance = 23,780,670 m

Total liability = only 46,989,358 m

Page 18

The Group with the opportunity to venture into the business undertaken UTC and generate an additional income stream to the Group.

Premised on the above & barring any unforeseen circumstances , the Group expects our propects & performance for the financial year ending 31 Dec 2021 to be *** satisfactory ***.

My view :

The cash & asset already enough to take care many thing , the group still have 34,274,122 m trade receivables to cover & back up.

Total cash is 52,571,399 / 310 million total share , we get around 0.17 cash per share.
My average price is 0.61 , if minus cash per share my real price is around 0.44.

Since the IPO 23 Jun 2016 is RM0.75 & Par Value is 0.40 , so today the price is 0.595 ( if minus 0.17 cash per share just around 0.44 in personal quotation value )

For me the price is give u a mega sales lah ....

Posted by Fly888888 > 2021-04-27 22:21 | Report Abuse

OscarC - Great move & me to continue to top up :-)

Posted by Bullbursa > 2021-04-27 23:02 | Report Abuse

One of the top 30 shareholders B-OK Sdn Bhd Is also a top30 for many other well performed stocks.

Posted by garychee8 > 2021-04-28 09:29 | Report Abuse

Another supporter here fr 0.6-0.65...not to mentioned warrant as well...

Posted by Albukhary > 2021-04-28 15:53 | Report Abuse

Glad to see so many supporter here.

The 30th largest shareholder is 484,000 unit. If Danco continue maintain at 60sen level for the next few months, and the business performance remain growing, I think I have chance to enter into the Top 30 shareholder list.

Posted by hornbill > 2021-04-28 18:09 | Report Abuse

0.60 I think have strong support, got extra money safe to load in at this level.

Posted by SmallSexyPig > 2021-04-29 10:03 | Report Abuse

I also still holding because the company is very stable and strong financially. They just need time to grow.

Posted by Xxxting > 2021-05-04 07:28 | Report Abuse

lol why mr lee disposed

Posted by garychee8 > 2021-05-04 09:54 | Report Abuse

Director sold at 0.60..what a confidence booster...habisss

Posted by SmallSexyPig > 2021-05-04 16:20 | Report Abuse

maybe he needed some cash? xD

Posted by Albukhary > 2021-05-05 02:19 | Report Abuse

This Mr Lee is just an Independent Non-Executive director. They are not involved in the company operation. And he hold very little share only, I think many of us here hold more than him.

Posted by LeftHand_of_God > 2021-05-06 14:58 | Report Abuse

I laughed more than I should because its true for me LOL

Posted by tok_jeff > 2021-05-10 10:57 | Report Abuse

will sky rocket soon

Posted by Albukhary > 2021-05-12 15:35 | Report Abuse

Take profit from Leon Fuat, and invest more into Danco.. Switch counter.