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Moolah
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Posting #21: Wed Mar 28th, 2007 10:20 |
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Homerun,
looks like i updated the wrong quarterly earnings for you.
hexza's performance ain't too bad, isn't it?
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homerun
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Posting #22: Wed Mar 28th, 2007 10:41 |
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Hi moola,
The quarterly earnings you kindly updated are up to 3Q07. The quarterly results Hexza released yesterday is for 4Q07. haha..
Ya, Hexza's 4q results are not too bad, within expectation.
However, I hear that Evergrn has aslo set up a plant to produce resins to support their own plywood manufacturing, and if possible, supply to other plywood manufacturers as well. Dont know whether it will affect Hexza's business or not.
Best Rgds.
Last edited on Wed Mar 28th, 2007 10:42 by homerun
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Moolah
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Posting #23: Wed Mar 28th, 2007 11:56 |
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Homerun,
You see what happened was that I saw Hexza earnings last nite.. and i wanted to update you. However, dowjones did not have their earnings summary, so I was forced to use klsetracker data. Unfortunately, the klsetracker data wasn't updated yet...
err... lol... so long an excuse to try to explain to you I screwed up.
rgds
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homerun
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Posting #24: Wed Mar 28th, 2007 14:11 |
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Hi Moola,
Ya, I also think that the source you were using had not been updated yet.
Anyway, thank you very much for making an effort to update the earnings in this thread.
Rgds.
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Moolah
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Posting #25: Wed Mar 28th, 2007 15:05 |
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homerun,
remember this issue?
Especially for a company this size. And in the latest earnings report, in Hexza's notes, you can see that Hexza invest in shares. (this for me is a personal dislike)
In its earnings notes.. it said the following..
Review of performance
The Group achieved a revenue of RM159.60 million as compared to RM130.10 million in the previous financial year, an improvement of 22.7%, while the Group’s profit before tax improved by 38.3%, from RM13.54 million to RM18.73 million. The improvement was mainly attributable to the higher sales achieved and realisation of investment in quoted shares.
and how much was the this? 4.950 million woh...
if u minus this out...
how about hexza own core performance?
and again.. the issue of dabbling in the share market.. it's a lot.
Investments in quoted securities as at 31st January 2007 are as follows:-
(i) Total investments at cost 13,119
(ii) Total investment at carrying value 13,119
(iii) Total investments at market value 16,274 |
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Moolah
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Posting #26: Wed Mar 28th, 2007 15:17 |
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and how much was the this? 4.950 million woh...
oops... that's not too accurate.. let me re-check..
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Moolah
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Posting #27: Wed Mar 28th, 2007 15:22 |
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See this part of what it said "The improvement was mainly attributable to the higher sales achieved and realisation of investment in quoted shares" is complicated...
cos... all i see is... the table below from their earnings notes. So how much is the total realisation of investment in quoted shares ?
Attachment: hexza.jpg (Downloaded 31 times)
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Moolah
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Posting #28: Wed Mar 28th, 2007 15:25 |
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and the segmental reporting does not reveal much too..
( i assumed the 4.950 mil gain from investment is from the share market.. is it? hmmm.... )Attachment: hexza2.jpg (Downloaded 31 times) Last edited on Wed Mar 28th, 2007 15:27 by Moolah
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homerun
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Posting #29: Thu Mar 29th, 2007 03:36 |
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Hi Moola,
Thanks for bringing out the gains in disposal from quoted securities. I also want to find out how much Hexza's total earnings come from realisation of investment in quoted shares but just can't find it.
If it was Rm4.95 mil for Fy2007, then a great portion of Hexza's earning were from disposal in quoted shares. Then it would mean Hexza's manufacturing business was not as good as I expected.
Rgds.
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Moolah
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Posting #30: Thu Mar 29th, 2007 03:51 |
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homerun wrote: Hi Moola,
Thanks for bringing out the gains in disposal from quoted securities. I also want to find out how much Hexza's total earnings come from realisation of investment in quoted shares but just can't find it.
If it was Rm4.95 mil for Fy2007, then a great portion of Hexza's earning were from disposal in quoted shares. Then it would mean Hexza's manufacturing business was not as good as I expected.
Rgds.
Homerun,
yes, this would be my concern.
the more i look at it, the more i am inclined to believe my initial assumption of a gain of rm4.950 mil is correct..
because...
look at the total revenue mentioned under the INVESTMENT section .. the revenue stated is 4.015 million... however... the operating profit is 4.950 million. And with the profit more than the revenue, i am inclined to ass-u-me that perhaps this could be the gains from disposal of market securities...
another issue... for me, the cash per share yardstick is really irrelevant for hexza because the company has not shown any indication that it is willing to share more of its profits to the minority shareholders. Whatever extra gained by the company is being channeled into the stock market... and as stated in other discussion, i am not in favour of such corporate exercises. Extra money should not be invested in the share market - return it to the shareholders.
rgds
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