COMCORP (7195) - 7 Serious Flaws About COMCORP You MUST KNOW (Calvin Tan)
Hi Guys/Gals, Men/Women & all at i3 Forum,
I have 7 serious questions about Comcorp as I preused its Accounts & Share Price.
Here there are:
1) RECEIVABLES PERSISTENTLY PRESENT FOR MANY QUARTERS
Sept 2015 Receivables was Rm64 millions
Dec 2015 .................................Rm102 millions
March 2016..............................Rm87 millions
June 2016...............................Rm80 millions
Sept 2016...............................Rm71.5 millions
2) RECEIVABLES HAVE OVERTAKEN INVENTORIES
In Sept 2015 INVENTORIES WAS Rm76.9 millions and Trade Receiveable was Rm64 millions
However by Sept 2016 Inventory was only Rm66 millions while Receivables have increased to Rm71.5 millions
3) WEAKENING CASH POSITION RAISE A RED FLAG!
While Company reports earnings for last 5 quarters as
0.63 sen
3.47 sen
4.5 sen
3.83 sen
1.78 sen
Look at its CASH POSITION
Sept 2015 starts with Rm53 millions and ended with Rm39 millions
Dec 2015 ....................Rm53 millions .............................Rm40 millions
March 2016.................Rm53 millions...............................Rm46 millions
June 2016..................Rm46 millions................................Rm23 millions
Sept 2016...................Rm46 millions...............................Rm37 millions???
So it started with Rm39 millions (CASH) in Sept 2015 & ended in Sept 2016 with only Rm37 millions (CASH)?
Where is THE REAL PROFIT?
4) MAMMERED BY CRASHING RINGGIT AGAINST RISING USD - PROFITS WIPED OFF?
USD Debt of 70 Millions now ballooned by more than 20% due to depreciation of Ringgit from Rm3.15 to Rm4.15.
So the last few quarter profits wiped off by currency loss?
5) SHARE PRICE PUMPED UP INTO GROSS OVERVALUATION! BUYERS BEWARE!!
Share Price Jumped 200% from 30 cts to 90 cts. Is the Price Rise Due to Strong Fundamental or Pump & Dump?
You must ask yourselves. Is Comcorp another Pump & Dump? The pattern eerily similar to IFCA. Now history.
Don't be the proverbial Fox who go chasing after the Road Runner. The Fx overan the Cliff and then still running in midair before CRASHING STRAIGHT DOWN TO EARTH
Becoming Wily: A Story About Expectations And Failure
Remember the TV show Wile E. Coyote and Roadrunner? In it, Coyote devises endless ruses to catch Roadrunner. He sketches these obvious, graphic cartograms, complete with one-way arrows and an “X” to mark the spot. Inevitably, every scene ends with Coyote chasing Roadrunner through the desert, atop a mesa, and straight off a cliff.
Roadrunner doesn’t care because he’s a bird. He can fly. Oh, poor Wiley Coyote, though, he runs and runs with bicycle-circling legs until he’s about ten feet from the cliff edge, suspended in mid-air. Only then does he look down to realize there’s nothing below him anymore. And that’s when he falls. He falls when the act of falling seems inevitable.
But what if Coyote never looked down? What if he kept running? Oblivious to the ravine below him (and that he’s off belay) perhaps Coyote would just keep moving forward, with small puffs of white air and determination on his trail.
6) NO FUNDS OR VALUE INVESTORS LIKE DR NEOH, COLDEYE or YEOMAN Bought any Comcorp
If so good surely some one would have discovered it. Like Coldeye buying PBA, Dr Neoh buying Masteel & Yeoman buying Daiman.
7) INSIDERS ARE DISPOSING
While no seroius investors or Funds are buying INSIDERS ARE ACTUALLY SELLING
See
DATO' ABDUL MAJID BIN OMAR
Disposed
|
21/06/2016
|
40,000
|
0.94
|
Disposed
29/12/2015
10,000
0.830
Disposed
30/12/2015
20,000
0.860
COMCORP (7195) - 7 Serious Flaws About COMCORP You MUST KNOW (Calvin Tan)
http://klse.i3investor.com/blogs/www.eaglevisioninvest.com/105040.jsp
