Why administration cost shoot up so much? Why no news on rent facilities 20k sqft & 70k sqft? Revenue seems like stagnant. New plant only start on construction at July this year & complete June next year. Long way to go~
Curious normally when not so good QR released the dump time will start. Perhaps the operator will push 1 - 2 more days and lure more retailers in before big dump. Be careful of trap
"Into FY23, management guided Coraza’s book-to-bill ratio at <1.0x, with orders and deliveries to have softened by ~25-30% and order book standing at ~RM70mn.
The weakness is in tandem with the slowdown of the semiconductor industry, which is the group’s key end-user market. "
Already give warning about the next QR. Let us see if people start selling
"Coraza Integrated Technology Bhd has planned a private placement of up to 20% of its share base to raise an estimated RM69.54 million, mainly to fund the purchase of new machinery."
EPS will be diluted. Better sell now and buy back later
Sold all, I temporarily stay away from Coraza until seeing further positive sign. Foresee demand & customer order to soften in the near future, but, still private placement & ESOS to dilute the earnings. Keep asking for money, however, there was no significant growth in revenue for the past 1.5 years. Disappointed~
Special issue of new shares to bumi last year. Now plan to have another round of 20% new shares for private placement. In future, another 10% new shares to director & employees on LTI plan. No revenue/ business growth seen in the past 1 year. Really treat shareholders as ATM to withdraw money.
I was overjoyed to discover this website. I wanted to say thanks for the fantastic read! Every part of it is undoubtedly enjoyable, and I've bookmarked your site to look at new things you post. abogado de lesiones por accidentes de motocicleta
Exactly, no growth seen since ipo on revenue, net profit & eps!!! Only private placement to get more money & giving bonus to management for lousy performance.
Assuming coming quarter eps 0.4 cents, pe ratio 20, Coraza only worth 55 cents. Excluding private placement & lti to dilute the earning further. Long way to drop 😂
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....
HosayLiu
297 posts
Posted by HosayLiu > 2023-02-24 16:55 | Report Abuse
Next week break RM1