QUOTE(prophetjul @ Aug 11 2022, 01:53 PM)
pkchoo@kenanga.com.my
Send a note asking for an IG friend request? Or maybe Tiktok?
BWC
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 Aug 11 2022, 02:07 PM
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#2101
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All Stars
15,942 posts Joined: Jun 2008 
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Send a note asking for an IG friend request? Or maybe Tiktok? |
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Aug 11 2022, 02:28 PM
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#2102
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(prophetjul @ Aug 11 2022, 02:23 PM) TOK his head! Ask him whether TP is RM5.60 or RM1.50?????? LOL!!! His latest is 2.80. Mine is 1.50.  |
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Aug 17 2022, 03:06 PM
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#2103
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All Stars
15,942 posts Joined: Jun 2008
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statikinetic
wakeup! something interesting for u.....    That's the boss buying of shares... since Dec 2000 Circle marks the spot on the chart below.....  Barring any mistakes from me... that's about 105,417,700 shares bought. (some ESOS were exercised. I left those out) Total cost spend on buying shares 360,831,950.33 Average cost ~ 3.422 Marked to market value as this morning opening price of 0.835, these shares are only worth 88,023,779.50 only some 272,808.170.83 went to share heaven.....  Learning from other people's mistakes is the way, yes? 1. Such buying does not work. That is AVERAGE DOWN or the fancy pansy name such as DCA or TOP UP or COLLECTION does not work! 2. Even the big boss can make mistake. So if big boss buy, it doesn't mean one should die die follow...... (in this case, unfortunately, the follower followed die, die....) |
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Aug 18 2022, 07:37 AM
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#2104
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(statikinetic @ Aug 18 2022, 12:19 AM) I actually saw the buys in my market feed and felt like it was more to try create some tailwinds to arrest the price slide. May have helped in the short term. Folks always get overly excited seeing insiders buy... but when they sell... they tend to find reason to justify the boss selling. (Example Musk and Tesla)But Harta is the intriguing case for me so I just noted the Top Glove news and moved on. I'm looking at how far Harta is going to slide. But do they see the bigger picture? 270 million ringgit.... gone....  Harta? LOL! The best manage stock, the best profitable stock etc etc in a sunset industry is still a sunset stock. That's my firm believe. Hence, it always amuse and tickle me to death when I see them research analyst giving 30x Pe on a company whose growth is rapidly declining is utterly bullocks. Yeah, I stand by how I rate it... 1.50.  Earnings now is so bad. A quarterly profit below 90 million brings it right back, back to the dark years...I can't even remember when it earned so little.  The downtrend was still very clear. my July post on the previous page... » Click to show Spoiler - click again to hide... « the current COLLAPSE in share price...  it's not surprising for me... the 10th Aug was the huge get the hell out when it slid on huge volume... more so with EPF disposing aggressively. Yup.... shit results + insider dumping = recipe for doom!!  Even after all these selling has subsided, the 'buyer'/punter has gotta ask ...'What's next?'.... in which I dun see anything changing for the better.... ASP still falling, SUPPLY is still in abundance, and DEMAND isn't picking up..... the same old, same old story during its sunset years...... |
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Aug 18 2022, 09:44 AM
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#2105
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(statikinetic @ Aug 18 2022, 09:26 AM) The previous time revenue posted such numbers were back in 2017, so that's where I started for my valuation exercise. The balance sheet looks pretty intact for a company whose shares is tanking this hard. Based on the fundamentals, it looks like some event is impacting its future revenue runway, more so than other companies. Harta closed at 2.80 the day it released its quarterlies on the 9th. (lunch time release iinm)Valuation wise, we are close. I've been thinking, and realize that thinking is where trouble starts for me. I missed it completely when price crash started and only saw it a day or two late. What was the piece of news that started the fall? the next day, the 10th, the stock collapsed on heavy volume to 2.45.... the problem, I strongly felt was that community gave Harta an utterly undeserved 30x pe (and based on crappy CY forecasts too ).Earnings estimates were on the higher side, the earnings multiple was crazy high... with the whole industry/sector facing massive decline in earnings... Harta was simply way over valued at around 2.80-3.00 Coupled with a measly qr eps of around 2.5 sen.... just based on simple fundamental valuations, the stock should have crashed long ago. now the EPF dumped... who is gonna be the strong hand holding this stock? what's the catalyst for the stock to move higher? yeah... some would quick hand say...'over sold'.... but you and I know that should price recovery never really last when it happens... |
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Aug 18 2022, 10:34 AM
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#2106
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(statikinetic @ Aug 18 2022, 10:29 AM) A 30x PE is indeed nuts. Unless Harta had pivoted to become a Tech company instead. In their latest... folks like kenanga did readjust... from 30x to 25x ... Being oversold is a convenient excuse to jump in to buy, but that is all sentiment. Like you said, there is no catalyst on the horizon. Gloves as a whole seems flat. Not sure about Harta's other revenue lines or products they have that can reinforce the bottom line. That's probably homework for this weekend. Harta is not in my watch list so I don't have any notes against it for now. Focus on the "dark ages" from 2013 - 2017 and how they did would be the lens of which I view their current fall.  |
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Aug 19 2022, 10:44 AM
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#2107
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(statikinetic @ Aug 19 2022, 10:26 AM) Boon3, looks like Harta bounced already. I saw. I might be a trader but I such trades ain't to my liking |
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Aug 19 2022, 10:54 AM
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#2108
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All Stars
15,942 posts Joined: Jun 2008
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statikinetic
the last batch of the recent disposals from EPF was on the 15th....  * epf still holds 170 million shares after these recent dumping * |
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Aug 23 2022, 10:07 AM
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#2109
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All Stars
15,942 posts Joined: Jun 2008
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So here we are again.......
 Only 25 million left?? Got enough ah??????? and yeah...... see? see? sales in advance = more than 570 million. See ghost still not afraid of dark?  |
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Aug 26 2022, 06:32 PM
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#2110
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All Stars
15,942 posts Joined: Jun 2008
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That's fast.
Only left 630 million.... |
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Aug 29 2022, 05:28 PM
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#2111
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All Stars
15,942 posts Joined: Jun 2008
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Receivables increased lagi by > 20+ million..
borrowings increased .... cash decreased.... strangest thing.... trade payables amount very low.... How you want me to trust your account? No trust account, why would any 1 want to touch your stock? |
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Aug 30 2022, 09:13 AM
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#2112
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All Stars
15,942 posts Joined: Jun 2008
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Trade payables only 20 million..
inventory only 29 million... can do sales about 73 million....  but then .... all the sales they do .... mana collection? LOLOLOL!!!! Trade receivables now ballooned to 173 million..... how la... how la...... shoplot factories? |
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Aug 30 2022, 01:05 PM
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#2113
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All Stars
15,942 posts Joined: Jun 2008
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forgot the screenshots...
 See the inventory levels?  See the trade payables? That's super low isn't it? and yet it can generate a sales revenue of 73 million  and of course this recent newsclip is the best.... https://www.nst.com.my/business/2022/08/820...ger-earnings-q1 QUOTE According to Genetec's FY22 annual report, its top three customers made up 95 per cent of the company's FY22 revenue (versus 81 per cent in FY21), driven by Customer C, where revenue surged 5.8x YoY from RM28.2 million in FY21 to RM163.9 million in FY22. "We believe Customer C is the leading North American EV manufacturer, Tesla Omigoooooo LOLOLOL Grownups playing with sand? or to be more precise Alphabet soup. Firstly..... WTF is company C? Seriously? And CIMB is even entertaining such shit? If really TESLA why cannot say TESLA? What the fcuk is the ABC for? How to believe laaaa..... And this company C, no need to pay supplier one ah? |
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Sep 5 2022, 10:17 AM
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#2114
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All Stars
15,942 posts Joined: Jun 2008
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Anticipate or wait?
Sometimes, waiting is much better. |
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Sep 5 2022, 04:08 PM
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#2115
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All Stars
15,942 posts Joined: Jun 2008
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and yeah....
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Sep 5 2022, 04:11 PM
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#2116
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(Boon3 @ Jul 17 2022, 09:10 AM) ... and as they say there's always a bull in a bearish market and yes, there's always a bear in a bull market too.... ....here's another one....  name withheld.... hahaha.... you should understand why.   |
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Sep 6 2022, 09:12 AM
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#2117
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(prophetjul @ Sep 6 2022, 08:43 AM) Gone past the moon, sun and Mars! Morning Bro. Yup, shot to the moon after a set of real blowout numbers... |
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Sep 6 2022, 10:42 AM
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#2118
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(Boon3 @ Sep 5 2022, 04:08 PM) and yeah.... Buying correctly solves most of the problem.... always.The option to sell for a good profit is always there and it's much easier to execute. howyoulikethat liked this post
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Sep 6 2022, 11:35 AM
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#2119
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All Stars
15,942 posts Joined: Jun 2008
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» Click to show Spoiler - click again to hide... « yeah... the blobs.... This post has been edited by Boon3: Sep 6 2022, 12:27 PM |
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Sep 6 2022, 12:26 PM
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#2120
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(prophetjul @ Sep 6 2022, 11:42 AM) [/spoiler] Yeah... you can just blob it into any chart... most have some drawing tools included. Impressive earnings! Yeah...those blobs impress too! nevr had trading dsicipline.  Like I could have put it in this morning... a new blob... indicating news flash warning that shipping rates had 'crashed'....  |
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