my portfolio RED today too.. but 3 counters closed flat.
thread 66
六六大顺

Wah, Gamuda even closed below 100 days MA .

tripple effect ? -> bad sentiment index day + stop work order in penang + technical sell .

malaysia share market is falling down... December is coming and cuti cuti malaysia.. fund manager is going to other part of "earth" for holidays..

Well, take care. and i am going to holidays soon as well.

I saw someone saying LCTH's C&CE went up although they made losses.. I was curious and went to read their FR...
Please bear in mind i don't have any accounting knowledge, kindly correct me if i make any silly mistakes... ty

Here is what i found:

~LCTH include "Receivables" & "Inventories" into "Cash & Cash Equivalents [C&CE]" in their Cash Flow Statement.
Their C&CE increased despite making loss because the Receivables bloated by almost 9M from 38M to 47M.

~The interesting part is, they consider "Receivables" as cash generated from operating activities. I dont think the cash is in their bank account yet. No doubt it is generated on paper.

~Also, the "C&CE consists of bla bla bla" section give the same figure 103,538. Out of the number, I think only 16,782+52,645 are their real cash in hand.

~But somehow the number doesnt make much sense to me.

please lemme know if i'm typing nonsense.. still learning as always
ok enough of kepoh.. need to attend to my own sick/injured soldiers..



This post has been edited by mopster: Nov 12 2010, 11:01 PM

PN17 in the making?

The 47m is the drop of receivables from 67m to a bout 18-20m at present, meaning more cash in the bank.

They have 52m parked in FD , so it is cash also

This post has been edited by SKY 1809: Nov 12 2010, 11:04 PM

oh okie~ meaning the "Receivables" in Cash Flow Statement is the cash they've received for the past 9Months ?
tyvm sky~

This post has been edited by mopster: Nov 12 2010, 11:09 PM

ya , can be said so, but can be used for investments at the same time.

You need to compare two B/S to understand more.

By looking at cashflow alone , sometimes

This post has been edited by SKY 1809: Nov 12 2010, 11:14 PM

yup.. doing that now.. hehe thanks again~ learned something new today..

oh snap !
i just added more p&O to average down today.

i think lcth long term is good. Anyway, can i hv clearer picture on their nature of business? what are they doin actually

http://www.lcthcorp.com/

manufacturing of precision plastics.
i havent a clue what is precision plastics so i think of daibochi and add on some technological precision to it.

This post has been edited by teehk_tee: Nov 12 2010, 11:45 PM

thanks wor

guys, is p&o still good to hold ?

About 35 percent of the Supermax’s overall sales come from nitrile gloves — the highest in the industry. United States is the largest consumer of nitrile gloves, which are used mostly in hospitals.

Read more: Supermax sees latex above RM9 on floods http://www.btimes.com.my/Current_News/BTIM.../#ixzz155PylJMD

Probably that's the reason why today supermax up?

1 think i dun understand....

so much cash but having losses....

due to forex?

Very very true indeed.

Be prepared for another round of dumping or panic selling on Monday.



Dow Jones Industrial Average 11,192.58 4:03PM EST Down 90.52 (0.80%)



Maybe the domino effect will start.