honestly the management are seem that abit selfish. with this kind of tough environment they are still increased with the with salary payout to the director. last time there's someone warn that one of the weakness of this share is the director draw too much of money from profit to its salary. with the dropped of revenue and profit, i expect the salary will be cut in order to maintain certain level of profit. But based on their explaination for the dropped of profit. they seems to withdraw more in this tough situation. i totally lost my confident towards the management.
Is it possible to reach RM0.30 ? May be, it will hit 90% of the targeted price and to be RM 0.27, or discount for another 0.05% and let it be 85% of RM0.30 to become RM0.255 ?
Company steady n show abit profit, me goin 20cts n hold more than 2 years .. min price 16.5 n max 23.5 (miss the boat) .. currently quarter result is it better ???
PROPOSED SUBSCRIPTION OF 2,100,000 NEW ORDINARY SHARES IN CYPRESS MEDIC SDN BHD REPRESENTING 51.03% OF THE ENLARGED SHARE CAPITAL OF CYPRESS MEDIC SDN BHD FOR A CASH CONSIDERATION OF RM1,722,000 ("PROPOSED SUBSCRIPTION")
BCM ALLIANCE BERHAD
Type Reply to Query Reply to Bursa Malaysia's Query Letter - Reference ID IQL-10112017-00001 Subject PROPOSED SUBSCRIPTION OF 2,100,000 NEW ORDINARY SHARES IN CYPRESS MEDIC SDN BHD REPRESENTING 51.03% OF THE ENLARGED SHARE CAPITAL OF CYPRESS MEDIC SDN BHD FOR A CASH CONSIDERATION OF RM1,722,000 ("PROPOSED SUBSCRIPTION") Description BCM ALLIANCE BERHAD (BCM or the COMPANY)
PROPOSED SUBSCRIPTION OF 2,100,000 NEW ORDINARY SHARES IN CYPRESS MEDIC SDN BHD REPRESENTING 51.03% OF THE ENLARGED SHARE CAPITAL OF CYPRESS MEDIC SDN BHD FOR A CASH CONSIDERATION OF RM1,722,000 ("PROPOSED SUBSCRIPTION") Query Letter Contents We refer to your Company’s announcement dated 9 November 2017, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1. The original cost of investment by the vendors in Cypress Medic Sdn Bhd ("Cypress") and the date of such investment.
2. Whether the Interested Directors have abstained and will abstain from all deliberations at Board meetings in respect of the Proposed Subscription.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully,
TAN YEW ENG Vice President, Issuers Listing, Regulation
TYE/NZ
Cc : Market Surveillance Dept. , Securities Commission (via fax)
(The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the Company’s announcement made on 9 November 2017 in relation to the Proposed Subscription)
Reference is made to the Company’s announcement made on 9 November 2017.
The Board of Directors of BCM wishes to provide the following additional information:
1. The original cost of investment by the vendors in Cypress Medic Sdn Bhd (“Cypress”) and the date of such investment
Kindly refer to Appendix I attached for further information.
2. Whether the Interested Directors have abstained and will abstain from all deliberation at Board meetings in respect of the Proposed Subscription.
The Interested Directors have abstained and will continue to abstain from deliberating and voting on the Proposed Subscription at the relevant Board meeting.
If the proposal really comes into effect, it will contributes a guarantee amount of at least RM306,180 (based on BCM’s 51.03% equity interest in Cypress after the Proposed Subscription), around 8% of total net earnings based on 2016 figure. Future earnings are expected to improve since cost of sales for its medical devices segments are falling from 2015 to 2016 and is presumed to remain steady for the upcoming years. I personally think that such subscription will help the company to boost its product varieties and therefore gain more customer base and also market shares. Hence, this stock shouldn't be stop at the price of 0.18 but instead, higher level of at least 0.20++.
Sadly this counter suffers from Trust Deficit...Players just dont believe it....even when it looks like its coming....probably burnt their fingers a few times....LOL
Sometimes we wonder why...these business people even bother to list their company...when it cant even stay above its ipo price... First days high 27.5......the fella who bought at that price...can only hope and pray...
What happened to this company's dream.. Where is the 20 million profit once promised.. What happened to the goal of moving to main board in 3 years.....now already 2...what exactly is bcmall planning....1st qtr results sparkling.. Can it maintain 3 to 5 million per qtr...only time will tell... Dont touch till 19sens is broken with heavy volume..owners must lead buying first...small timers only need to follow....
A 19/19.5 breakout is what i'm waiting for... Above that 23.5 till 24.5 highly possible... Best of luck to the Board of Directors....2nd qtr is coming to an end....this month end...
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....
Pak Andak
896 posts
Posted by Pak Andak > 2017-08-28 22:20 | Report Abuse
Average Price Target: 0.30
Price Target Upside/Downside: +0.11
Pse be positive ..don't ask me where I get the TP...it coulld be more or less..
as long as the business is there than we shouldn't worry too much.