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what to expect post Q2FY22 earnings - net margins increasing comparing to the quarterly performance in FY21 at the back of revenue growth contributed by ToT, returns of dividend at 3.2% yield and trending to positive free cash flow for FY22 comparing to FY21.
Interesting business decision - switching from renting the property which is currently the ToT disti to owning it via the sales and purchase agreement announced :)
I am in for the long run as long as it’s fundamentals remains intact. I am interested to observe the development of the latest announcement especially the rationale behind the business decision. Make or break?
haha no worries bro later when people seeing this counter suddenly spike up then we know what to do lol all the negative comments become nice comments hahaha
noted :) good price to collect slowly as market valuation lagged its fundamentals. top 30 holding it tightly though there is some interesting shifts in the shareholdings :)
Hi Ricardo, the management announced the auditor's resignation and the reason for the resignation. Fy2021 auditor's fees amounting to approx RM100k if I recalled correctly. perhaps a higher number is projected for FY2022 that led to the disagreement.
there aren't any key audit matters or going concerns highlighted in FY21 annual report and there isn't any MUGC highlighted this year either. Normally, auditors will probably highlight audit matters to management attention and if nothing is done about it, they may quit perhaps. in this case, Plabs management mentioned that they are not aware of any other matters that need to be brought to shareholders attention.
Agreed, Ricardo. positive publicity for this illiquid asset is always welcomed :) the margins are comparable to it's peers from both the animal nutrition and consumer nutrition/products but being priced relatively lower.
That's nice, Ricardo. It has been hovering near 18 cents for the past one month :) Thats 20% discount from 0.22 fair value for the new shares issued for the 60% equity interest in ToT. FY2022 annual report should be coming out by end of the week.