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You can study back the time frame director sell share. They sell in lost.
And they sell to big investor.
You also can see in 2019, before VISTA 1 lunched, they sell too in low price, then Vista lunch, share price up to RM0.9 sen…
If you knew your vista going to lunch, why sell in low price ? As a selfish director, you should sell after the Vista lunch…
The person who get to buy from director are the one who earn.
My explanation for 2019 situation, ya. The person who purchase earn. Can look back the share price chart.
I don’t have the direct answer for your question. This year the person who buy , only can know earn or lost in future.
Usually director sell share is not a good sign.
But for Salutica case, it sell not because company got problem then they want to sell and leave the company.
This year they sell to who I don’t know. But the volume sure is not small investor.
They got purpose dividend reinvestment and approved during AGM. This is the signal.. just due to still in developing period, and suffer from pandemic , so cash and dividend need to balance,
They family cost of holding share still lost since IPO..
What they can earn back is dividend ( and high director salary)
From dividend I think they cover the lost already.
Boss target to bring company market cap to 1billion
Ultimate is 2bilion…
Seem like crazy from current view.
If 1b meaning 500% gain
If 2b meaning 1000% gain..
From their capex action, they really want to growth the company… so let see how.
As the Company is listed in the Bursa Malaysia Securities Berhad, we do not provide profit
forecasts.
The impact of the COVID-19 pandemic would persist into next year and inspite the uncertainties
in the global environment, the Group’s R&D team would continue to focus on the timely realisation
of several planned new products. However, the Group performance would depend on consumers’
responses.
Question 2:
Why has the employee cost increased so much from RM25.957 million to RM30.628 million?
Please also explain on the increased of receivables and stock from RM8.782 million to RM24.880
million and RM34.301 million to RM57.888 million respectively for the financial year ended 30 June
2020 as compared to the previous financial year? How is the progress of FOBO business? Is the
Company having any plan to do Bonus Issue?
The Company’s response:
Due to the increase in minimum wages to RM1,200.00 per month since February this year, it has
impact of direct cost increased by approximately RM0.3 million per month of the Group. Moreover,
the Group had halted its production during the Movement Control Order (“MCO) in March 2020
and resume 50% production in April 2020 which resulted in idle production costs of RM3.2 million.
The Group resumed full operation from 29 April 2020 onwards.
The increased in receivables was due to the higher sales recorded in the last 3 months before the
closing in June 2020. In tandem with the increased in orders, inventories have also increased in
preparation for the order fulfilment.
FOBO business has increased in the past 2 to 3 months. There were also new distributors for
FOBO brand in the United States and Japan which helps to promote growth for FOBO sales.
The Company would consider to undertake the Bonus Issue to reward the shareholders when the
time is right.
@Fool How u so sure boss targeted to bring company market cap to 1 billion? That’s crazy! The share price must hit RM2.50 to meet market cap 1bil, how could it be possible?!
@wong. Hi.. off course I can’t sure la.
This is just boss’s target. Many listed company also will give this guide.
What I can do is control my holding cost and keep observe what they do…
If can’t go 1B, 500m of 750Million market cap also very good for me..