Congrat!! those holding !!! QR report look ok.. profit 1.8mil if minus listing expenses.......this is why the share up today... i believe insider already know the result before QR release...
If the open is go down pls Don run if u r in negative position. It will rebound shortly however I think it will continue open high and test new high again. 2 cent view.
alamak... i really doubt on those complaining bad quarter result. Pls read the QR report le.... "Profit before tax excluding the listing expenses is RM1.8 million in the current financial quarter."
Before Tax. If after Tax even without listing fees is around 1.1m still lower than the previous Quarter. good or bad? Even bank still making profit, as long as
scare what oh...not making loss also, just got listing expense nia...in case fall tmr then few days later it will come bk to 0.38 and go higher, what for buy and sell so stupid and completely miss the chance to ride high again
It is still an one off expense that needs to be appear on the record no matter what, it is not a liability so it has to appear in P&L statement, and that expense will deduct from the IPO money which became their cash in bank now after deducting all profits made in this quarter. Adding one point: they are still cash rich with current ratio of 3.14 which is very healthy after paying off this listing expense
Managed to sell all today. My avg was 30¢, waited from Feb till now only able to make some decent profit. Good luck to those still holding, hope u make more $.
Clearly tht Q1 in red due to listing costs. By the way, shall the Q2 forecast wil be good? Is it means Q2 revenue at least 71.6m (book value) - 18.2m (Q1 revenue) = 53.4m and no further listing costs?
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....
KSL5242
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Posted by KSL5242 > 2020-06-09 19:35 | Report Abuse
The show will continues to go