Latest Forum Topics /
IPS Securex
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Tritech Group
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WL123456
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24-Feb-2020 15:48
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This one I raise hand and agree. Next few days and weeks might be very ugly.
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fenizz
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24-Feb-2020 15:47
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RECESSION N CORRECTION loom....all stock will fall regardless how strong their back. got profit better run. | ||||
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Simonttb
Senior |
24-Feb-2020 15:47
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Sorry.. It was 13 times the earning per shares... 12 million shares in 2014..go and read the announcement...
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WL123456
Supreme |
24-Feb-2020 15:46
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Ok. Your money, your call. Good luck.
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Simonttb
Senior |
24-Feb-2020 15:42
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Do you know they did a private place in 2014 at 35 cents.. 13 times the book value. The main increase in liabilities mainly due to purchase of inventories more than $3 million.. for the $21 million sales... dun play play.. I think the backing very strong...
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WL123456
Supreme |
24-Feb-2020 15:31
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Actually this stock ran from 0.021 to 0.087, almost 400%. It?s already good profit. Better take profit and run for cover. Next financial results maybe not be that good given trade wars and covid-19. Budgets for company security will be definitely slashed. | ||||
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WL123456
Supreme |
24-Feb-2020 15:14
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Total liabilities : $8,980,384. This includes trade payables, contract liabilities and finance lease liabilities.
Cash on hand: $$3,789,606. If the debtors call for repayment, the only way to pay is cash and they are due this year. You can tell me how much inventory they have and what type of inventory they have but when the repayment is due it?s all about cash. Let?s go to the profit and loss: Profit was 619,575. Profit as per cogs decreases from 118% in Q219 to 58.4% in Q220. This shows that there?s pressure in selling it?s goods and services at a rate that?s more than 50% cheaper than 2019. What this means is they are asking for more volume from suppliers and selling them cheaper just to maintain the revenue. There?s no guarantee that their current inventory can be cleared to generate enough sustainable profit. Have to sell their goods 50% cheaper also tells you how tough their operating environment is. And also: Of their $619,575 profit, $51,067 is due to foreign exchange gain recognised and $2656 due to interest income and not due to their ordinary course of business. That?s about 10% of their profit. It was Not meaningful in 2019. And inventories is now 200+% of 2019 which also signifies they are carrying high opportunity cost as they cannot clear their inventories. And inventories written off is $12,719 compared to $7 in 2019. This part is the worst for the company. Allowance for doubtful debt increase from negative $10,302 to positive $102132 meaning they cannot collect money from their sales and this increased by so much. I hope you do your own due diligence before you start screaming at others.
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Simonttb
Senior |
24-Feb-2020 14:46
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Look at the substantial increase in the inventories... these are for the sales and the AR... these all all cash items.. Very solid Balance Sheet with strong sales...
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Simonttb
Senior |
24-Feb-2020 14:25
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U dun know how to read FS... the liabilities include advance collections for its sales and services... the cash on hand is sufficient ti run the business... dun mislead others.
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WL123456
Supreme |
24-Feb-2020 14:09
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Ok ok I remove the post. Just summarise, the company owe creditors more than their cash flow. Just be careful of what you buy. Just worry they buy their debt lol. 
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Trader-101
Supreme |
24-Feb-2020 14:07
Yells: "Don't trust what i say, Trust your decisions. " |
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Bro why be worried for their money when they are not even worried themselves ? Haha chill and let them see what will happen next la Hahaha
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think2profit
Master |
24-Feb-2020 13:48
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Let' s see if IPS can follow Medtecs' footstep to hit 20+c and then retrace  to 10c.  
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SmallSmall
Supreme |
24-Feb-2020 13:32
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Watching ..... try not to short. A recovering company will attract real buyers. Given the short sell data, it is clear the same shortists will try their luck on rebound. | ||||
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fenizz
Member |
24-Feb-2020 13:22
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On 20feb the shortsell vol is actually higher then medtec. 20 feb $ IPS Securex 3987100 SGD 314140.3 $ Medtecs Intl 2435000 SGD 234090
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fenizz
Member |
24-Feb-2020 13:18
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I just stay sideline and watch the show until shortist have all their fun. If u realise any stock that spike up will get short down. Just go to sgx short sell volume and u know this counter is in shortlist watchlist. 
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think2profit
Master |
24-Feb-2020 13:13
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Sell volume should dry up soon as there are not much free float around. With so heavy buying last few weeks, I suspect BBs have bought out most free float liao. Stay tuned and relax lah  
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WL123456
Supreme |
24-Feb-2020 13:11
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Dow down 400+ points , Nasdaq down almost 2%, companies owe suppliers 9mil , cash only 3 mil. Trade with care. | ||||
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fenizz
Member |
24-Feb-2020 13:08
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Just now spike to 78c then got sell or short down straight, all stock now 1 day up 1-2 pips can laugh liao. Go look at short sell vol at sgx u know this counter in shortist watchlist liao.
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think2profit
Master |
24-Feb-2020 09:41
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Good to have collected at below 7c. Let' s see if it can break 10c this week.   |
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think2profit
Master |
21-Feb-2020 15:33
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So quiet....have to wait till next Tue/Wed for T+4 when high rollers to roll?? | ||||
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