soojinhouI wrote to CNMC's investor relations asking for the reason why their production numbers are so lumpy. Below is their reply. Thumbs up to CNMC for their excellent shareholder engagement.
Dear Mr Soo,
Thank you for your query and your support of CNMC.
Aside from the hardware involved in the mining of gold, many other factors beyond our control impacts upon the production volume; key of which are ore quality & soil composition of the vein currently mined and prevailing weather conditions during the leaching processing.
With regard to weather conditions, heat & humidity affects greatly on the leaching processing. For example, if the weather is hot and dry, more water is needed to maintain the required alkaline level and the leaching process will be lengthened. The soil composition will also greatly affect the alkalinity of the water in the leaching process thereby affect leaching time. In effect, each gold pour is distinctly different from the one before and the one after.
The installation of new equipment in our mining operation and refining plant will increase the amount of ore processed. The quantity of the output i.e. how many ounces of gold produced per pour, is primarily determined by the quality of the ore. The time it takes to extract maximum amount of gold from the ore in each leaching process is determined by prevailing weather conditions -- for example, it may take 20 days to leach one batch of ore, it may take 25-30 days to leach another. As such, it is almost impossible to "smooth out the lumpiness of the production level" as you mentioned.
The fact that production peaked at the final months of Q2 & Q3 is happenstance, essentially dictated by mother nature.
I hope this answers your questions. Please do not hesitate to contact us again should you have more queries about CNMC.
albertlawValuetronics 2Q15 results - first take Nope, Earnings did not Collapse (Kenneth Koh) 05 November 2014 Morning Note
ICE revenue increases 24.9% to HK$225m y/y due to increased demand. CE revenue decreases 10.9% y/y to HK$402m mainly due to demand slowdown.
Gross profit decreased only by 2.4% y/y to HK$82m (Q2 FY2014: HK$84.0m) and margins remained stable at 13.1%.
Net profit declined by 8.4% to HK36.3m (Q2 FY2014: HK$39.6m)
However, a quarterly comparison is actually more encouraging than discouraging.
Vs 1Q15 results, CE revenue actually stabilized and increased by 5% (1Q15 CE revenue: HK$384m), it did not collapse. ICE revenue seems to have short term volatility, down 7% (1Q15 ICE revenue: HK$243m)
ICE revenue looks to improve next quarter For perspective, if we assume that the rest of the year has zero earnings growth and Q3 and Q4 earnings are the same as Q2, that implies a FY15 net income of HK$142.8m, which is only a 3 - 4% drop from FY14. This is actually close to our estimate of flat growth this year.
At the present price of $0.355, PE (T12M) is 5.4x. We believe the stock is likely still undervalued.
Our TP is under review and a formal report will be issued after the analyst briefing tomorrow.
Source: SGX Masnet, The Business Times, Phillip Securities Research
albertlawValuetronics just reported a 8.4% drop in 2nd qtr profit to HK$36.3mil drawing vastly different recommendations from brokers
Kim Eng-sell with a target $0.25 target
AmFraser-buy with $0.54 target because it said the co has S$0.19 cash per share
Philip-buy with a target price of $0.495,recent price weakness is overdone and it is undervalued on the most pessimistic of scenarios.If we assume the rest of the year has zero earnings growthand Q3 and Q4 earnings are the same as Q2,this implies a FY15 net income of HK$142.8mil which is only a 3-4% drop from FY14
So who is right?
http://www.shareinvestor.com/fundame...ls.html..share price close to NAV
TomYamSuntec REIT – Will It End The Strong Rebound?
From the weekly chart, we can clearly see that Suntec REIT has been in a downtrend over the past two month.
Generally, it is relatively safe to sit on the short side. For the past two weeks, Suntec REIT rebounded strongly without any deep pullback. It will be relatively safe to short on rebound when bulls used up their energy.
Despite Suntec REIT went up yesterday, it was not able to hold at high end when the market closed. This indicates that sellers may start to control this stock for the next few days. One may consider shorting if it rebounds to around 50 percent Fibonacci retracement level.
BHSLThe news apparently has no impact on share price.
dicklinglkProbably need to secure another major rail project.
Uptrend is expected soon.
ekomuwaBBs suppressing price....descending triangle forming with resistance at 0.445 ~ 0.450, support at 0.425, may go down to test 0.425 before rebounce...do your own study first before acion....
GoRiLaz7028Put aside the BBs.... Let's look into the FA again... any expert can offer a summary ? In particular:
1) Is it in long term debt or suffering any now? 2) Is it cash rich? 3) What is or any book order for the next 3~5 years? 4) What is the growth potential NOW? 5) Any other current risk factors?
Think need to satisfy above then worry about TA next for the best entry or exit point...
ekomuwaIn http://www.midas.com.sg/ir/index.html can provide answer 1) to 4), but you will need to read carefully and between the lines. Please help extract the info and share here if you have times. Let us see what happen when we go down the time tunnel....in TA, price discount everything....no 5) risk factor? yes, big players can play OUT small players, this is the fact, so go along with them not against them.
ekomuwaThe descending triangle formed and was broken down. Now heading south towards 0.38 cts. May test 0.35 or even 0.28 before rebound. Do our due diligence before taking up position to invest/trade.
JinchengIt is really a mistake to invest in this stock. "Midas"="买的死”
ekomuwaIf you use CFD to short, you are laughing all the way to the bank.................in either side, be on the right side.......
Steven LamIf you intend to invest this stock you money must able to hold for as least 1 to 3 years. When most people loss money or give up. The big fish will start to step in. So, be patience and you will be the winner.
Ced PrennerDo you realize you really can make $2000 per week trading? I would have never believed it until I saw it for myself or I started doing it. And that's exactly what happened to me because now I'm making that much money. You just need to know the right place to learn and where I went to is a website called Traders Superstore, you should be able to find them on Google or just search for them. Their support is the best I've ever seen on any website before and they helped me to learn to trade, and it was nowhere near as hard as I thought it would be.
Peter ChenCapitaMalls Malaysia Trust (CMMT) severely affected by Sungei Wang Plaza poor performance http://aseantradinglink.blogspot.com/2014/11/capitamalls-malaysia-trust-cmmt.html
vergenushttp://klseelwavetrading.blogspot.com/2014/09/klse-index-ready-to-go-1966.html Will klci go up or down? how do you all think??
albertlawAlways so impressive and promising but what shareholders want is profit/high growth-still in the red no profit to show but contimnue to place out more shares-dilution mah
Just found this write out:
Rex Int' l
Rex Int' l: ($0.615) Twin equity boost from prominent investors Alan Wang and Fidelity Shares of Rex International may get a boost after SGX filings showed that prominent investors Alan Wang and Fidelity Worldwide Investment (FIL) were the cornerstone investors in a recent share placement, leading them to become new substantial shareholders. Recall, Rex recently completed the placement of 168m new shares at $0.57 each. The net proceeds of $93.5m will be used to settle liabilities and working capital of Rex Technology Management (20%), for field development (60%) and to pursue existing and potential new business opportunities (20%). FIL picked up 70m placement shares, lifting its stake from 0.17% to 5.7%. Wang&rsquo s stake vaulted to 5.1% from 1.1%, after he took up 52m shares. Accordingly, parent Rex Commercial&rsquo s stake dropped to 44.1% from 50.9%, following the corporate action. The entry of two respected fund managers as substantial shareholders may lift sentiment in Rex&rsquo s shares. In particular Wang&rsquo s share transactions may be closely followed by some admirers. Wang is noted for his string of high-profile investments in stocks like HanKore, Memstar, Sarin, Sino Grandness, Asiatravel.com and UE E& C, all of which recorded significant share price outperformance subsequent his purchases. Rex trades at 2.5x proforma P/B. POSTED BY ALAN LUO AT 3:53 PM
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BumbleBeegsyeo, U mean me? Nope, I am a small time investor like you.
Parachutesfor those interested in stock screeners you can check out http://www.investingdaily.com/10977/best-stock-screening-tools-on-the-web/ which has quite an exhaustive list of free screeners to help you find gold! saw something yesterday too and could be quite interesting - http://finance.yahoo.com/news/meetinvest-free-financial-social-media-000100354.html
genesisYuuzoo good stream of positive news .... bright future, strong growth/yield/TP ?
TechInvestorRecent announcement is a joke. Buying user database? Who does this anymore? Hey CEO this aint no SMS marketing game anymore! Hackers steal users demographic data all the time. You just paid for it. How foolish is that!! Do you even know how to monetise this business? How is the China e-commernce business going as advertised in listing document? Alibaba just did a few billion in transactions in a single day. Where you even aware of the big selling season going on now or are you waiting for Chinese New Year when nobody is at their computers. No news on that at all, why is that??
zendenwhy this stock can't go up as much as breadtalk or sheng shiong?
albertlawAfter Peter Lim got the $$$ he doesn't care $$$ in his pocket or in his stable of co...I sold at 0.38 and warrants at $0.11 ..bro concentrate on Innovalue got dividends soon and 1 for 1 bonus likley next year ..good profits for 1 H 2014
Biz tines feb 18...red flags raised in Johore ppty mkt...grand entrance of chiba base Country Garden Holdings with its surprise launch of 9000 apartments at one go....may impact the mkt there...9000 units in Danga bay alone. ..overbuilding in Iskandar would replicate the ghost towns in China
I voiced my concern in beginning of the year...Iskander can't make it..Ringgit dropping in long term against S$..residential flood of supply..rental yield will drop no capital appreciation..they trying to shore up with MRT...maybe the value of Rowsley lies in RSP architects..very hit a low of 4 cts
dustiHi ahlek888, IR is very much below the radar of analysts and investors and price is drifting nowhere. I took an average of a few analysts' TPs but one has recently upped to 69. Not surprising as recently two digs were confirmed oil producers. Check IR at shareinvestor.com for their achievement of producing wells in 2013 and 2014. Of course, there are many questions to ask, but I'm contented to being in a good place. Only hope price will be more realistic. Buy some and wait for the good news to hit the fan. Good luck!
ahlek888wow, this counter hasn't been moving much at all in the right direction. is that why the management is sweetening the deal by offering free warrants? but even that is taking quite a while to come into action. what are your thoughts?
dustiHi ahlek888. Have been puzzled on what is happening to IR and wondering I should take damage control measures. A couple of interesting news were released recently.....on5/9 the long awaited details of bonus issue/capitalisation issue (which I have asked my remiser to interprete) and on8/9 the announcement of a oil producer at 2000bopd, the best ever achieved by IR. Share price has improved from a scary 29.5 to 33 cents now. I still have high hopes for IR. Meantime you may want to check out Rex International which is in the same biz., but with more international exposure. On 2/9 an analyst had a "buy" on Rex Int.60.5 to a TP of 127cents.....I enjoy such dreams! Good luck! Cheers! Dusti
clarence_yeo2003not too hopeful on sino grandness's current weakness. There are price target by broking house suggesting further downside pressure to 0.53 which i feel there could be more downsie bias towards 0.38.
0549617Is that any news or reason to push up the shares price?
passerbywah.....you are here to fry stock? no la, no reason to push or fry la....only reason is the fundamental of the company...you check the data of this counter with ft.com, you will see some impressive numbers...
1) identify a good fundamental company. There are a few parameters to gauge whether a company is a good company or not.
2) determine the fair value of the company using the some available methods. if too lazy, just read the IBs report or coverage. Establish entry price using some safety of margin.
3) establish exit point once the price run ahead of the fundamental.
the above require discipline.
if punt or fry purpose....u see where the crowd go...u just join in, chances to make money or lose money are almost equal but most of the time the retail investors will lose out to the professional operators....hence, fry less & push less, sleep well at night
albertlawPang S.T..OCBC,Philip (T.P 60cts) AM Fraser (67cts) DBS (72cts) in fact b4 xd Valuetronics touched 59cts ..first qtr esults out dividends will be payable 15 Aug..nothing to expect except maybe next year..likley will drop to,50cts
It was artifically pushed up on AGM 22 July from 49-59cts within 3 days b4 it went ex on 25 July I believe will drop tp 45-50cts level
albertlawbelive 40cts can buy,...last few sharp drop it ended 38-39.5cts..Doji formed but still never breakdown..can accumulate slowly
Angel_InvestorWhat happen? How come such a cash rich company's share price oversold in 2 days!
albertlawAmFraser: Valuetronics Holdings Ltd: Shedding light on deep value (Maintain BUY, FV: S$0.69)
Dutch MNC is separating out the lighting division, not shutting it down. We think the sell-down on this weeks-old piece of news, was totally unwarranted. The sale of LED light bulbs is not the core revenue generator for this MNC. In fact, Lumileds made up only 5% of their lighting revenue in 2013. We therefore do not believe that the decision to spin-off the weaker lighting division came just from headwinds in LED sales. It also certainly does not mean that lighting will be left out to hang dry. In truth, no one knows what big MNC’s plans are and we believe it would be more prudent for investors to assume the status quo than take a wild stab at what might or might not happen, and make worst case scenario assumptions. Unlikely to do unprofitable business.There were also views that suggest that VALUE will continue to produce for big MNC even when its gross margins are halved or turn negative. We understand that the culture at VALUE is very profitability centric (superior net margins and them walking away from the licensing business). We find it hard to believe that Valuetronics would continue to do business with big MNC under such onerous terms. CE’s headwinds already a well known fact. The headwinds for the CE business (-11% yoy in 1Q3/15) is a true area of concern; this was a well known fact that was highlighted post 1Q3/15 results. Our assumed CE revenue growth of 4% yoy looks high, but we have also underestimated, the higher margin, ICE growth rate (+36% yoy in 1Q3/15 vs. Amfraser’s estimated growth rate of 16%). As a result we believe both effects will even out at the bottom-line level. With a lower contribution mix from CE, we believe VALUE looks an even better proposition now, with much lower concentration risk. Standing firm on our call. As 2Q3/15 results will be out in a couple of weeks, we make no changes to our current estimates, BUY rating and S$0.69 target. As of 1Q3/15 Valuetronics had cash of HKD441m or 19 Scts of cash per share with no debt and dividend yield of 9%. Cash level could fall over the next few quarters as Valuetronics spends on capex. Trading at 4.5x FY15F P/E, this stock looks extremely attractive in our opinion and this sell-down presents a very good chance for investors to buy.
Beating expectations and attracting positive outlooks.
M1 reported a 19.4% y-y increase in net income to S$39.5m in 3QFY13, with service revenue cimbing higher due to better mobile revenue and fixed services revenue, noted PhillipCapital.
"We continue to like M1 and maintain our positive outlook due to 1) Growth in mobile and Fibre broadband customer base; 2) Continuing take-ups in tiered data plans, driving higher mobile revenue; 3) More customers exceeding data allowances; 4) Dividend yield of 4.3% continues to be attractive.
" DBS explained M1's higher revenue came mainly from the growth in its customer base.
Meanwhile, international call services revenue dipped as retail revenue declined. Operating expenses also came in lower, "as lower handset costs mitigated the increase in staff cost," said DBS,
These all led to M1's EBITDA margin on service revenue rising in 3Q13 to 37.7%. Net income rose above DBS' expectations due to the combined strong service revenue and lower expenses.
zhetrinmaybe you can share more about this type of investments and potential downside of it? stocks are volatile and more suitable for those who understood them and have time to keep track on news. real estate is longer termed investment and requires more significant amount of capital. so far I'd only gone through weinvest.net, propertyguru and stproperty for news on real estate. slower return but more predictable as compared to other investments.
pnuklisvery high gearing and with the oil prices low 80's the future seems bleak. High trading volumes dose not mean anything. When stocks like Pacific Radiance, Ezion, Swiber are struggling how will new players like this one become shining star?
ticktockcommenced drilling of the Koi-2 appraisal well (“Koi-2”) on 29 November 2013 using the Bohai-8 jack- up rig in the offshore area of the Salawati Kepala Burung PSC (“Island PSC”), West Papua, Indonesia. It is anticipated that drilling of the well will take approximately 21 days. results soon? Positive or negative?
Julie O'ConnorI would like to understand why Henderson Marine Base Pty Ltd aka Strategic Marine Pty Ltd are only divesting the assets of the Company and not selling the shares in the parent Company who own these assets? What will shareholders be left holding shares in? Are the Directors/Major shareholders going to be employed in the new entity?
kilbertverThe way I see it people need to take life into their own hands now days, you can do that by learning how to trade the markets. I've been learning to the website Emini S&P Trading Secret they have excellent videos and I just got their deal they are running and I'm very happy with their course material. The instructor is a very knowledgeable trader. I've been doing really well so far and my goal is within one month to quit my job and I believe I can do it.
thanks for your reply and suggestions. But currently I am looking more for property investment. A bit crazy but my family is quite superstitious about investment types, which type you should go and locations and stuffs so since they had suggested for me to do properties, I am looking towards that sector. :).
inphyyThai billionaire Charoen Sirivadhanabhakdi is looking to raise at least US$500 million ($640 million) by listing a hospitality trust in Singapore next year to help refinance some of the debt that his companies took on to win control of Fraser and Neave (F&N), people with knowledge of the matter said.
REIT....A big welcome! Me will involve? No thanks! after the recently listed SPH REIT, OUE Hospitality Trust and Soilbuild Business Space REIT. Me keep myself a yard distance (✿◠‿◠)
kongim61F&N Price took a beating by dropping 15% off since Jan 2, 2014. On a annualised basis (sum of last 4 Quarter results , shows 5.7% growth rate. The price is now all time 3 years low since beginning 2012. All its peer like Dlady, Nestle, shows stable results. Last 3 Quarters results shows little negative growth in net profits. Be informed from a period of 27th Aug 2014 to 26 Sept 2014, Amanah Raya Trustte Bhd - Amanah Saham Bumiputrad has acquired 400, 000 units of F&N and disposed 100,000 units in 10 Oct 2014. Big Fish are playing with the price. Do not get caught.
alexyapgood stock for long term. Consistent DY and good capital gain.
inphyyEzion Holdings net profit more than doubles to $36.3m
Delivers "steady" performance in 3Q13.
According to PhillipCapital, Ezion Holdings (Ezion) delivered steady net profit in 3Q13, excluding exceptional items, of $36.3m, which was 130.2% higher than 3Q12 and 5.9% higher than the previous 2Q13.
With management is expecting 3 vessels to be deployed in 4Q13 -- 1 unit in Caspian Sea, 1 in South Asia and 1 in Arabian Gulf -- the research firm predicts earnings momentum should continue into FY14E, with a 61% increase in earnings from FY13E. But as 3Q13 net gearing rose to 1.05x from 1.01x in 2Q13 (0.83x in 1Q13), PhillipCapital said Ezion could slow down its rate of project wins in an effort to control its gearing levels.
"We expect net gearing to hit 1.1x by end-FY13E, before easing to 0.8x in FY14E on improve free cash flow generation from more vessels contribution," said PhillipCapital. But the research firm raised its FY13E/14E earnings forecast for Ezion to factor in new contracts, higher margins and updated SEUs deployment schedule.
Peter Graham LancashireGreat growth Story, but what about cash flow and free cash flow which require new capital either more debt or issue new shares? Alao nil dividend policy does not suit all institutional investors. PGL
pnuklisHolding on strong. Don't feel comfortable with all the action regarding dilution of shares, jk buy ans Ausgroup cooperation. May be I am wrong
pnuklisEzion has too much action like JK Tech, Ausgroup and dilution of shares all at the same time and not sure how it benefits or slows down. Too risky till every thing settles down and if it continues to win orders!