| Latest Forum Topics / Nico Steel |
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Something fishy going-on - VALUE ASSETS Selling?
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luckyfa
Elite |
03-May-2019 09:26
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Also, Nico products are somehow quite niche and well needed in products for quality and reliability. Point of view is they stands a very big good uptrend chance in the 5G market. Believe their EPS and PE will improve greatly with 5G market insight....(Not to think of small divident now but maybe potentially rewarded later).... | ||||
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makdatok
Supreme |
03-May-2019 08:34
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Nico surge always happen out of nowhere..heh heh | ||||
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luckyfa
Elite |
03-May-2019 08:25
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Also see as company is potentially growing and amid much bigger profit for the shareholder.... forward looking to growing company....JMO.... | ||||
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gravity8888
Supreme |
03-May-2019 08:17
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That y must also see the movement.. This counter always go up to touch 6 then go back to 4/5.it happend many times.. Good for those aiming 1 pip.. Other than that.. Not a nice counter to be in.. I am still waiting to see if it move to 9 like all other former said.. Hhaahah | ||||
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Shifu8888
Supreme |
03-May-2019 05:36
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I encourage all shareholders to attend the Agm to judge for yourself the quality and caliber of that guy who likes to blow trumpet. I confirm you will be worried.
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tonytan44
Supreme |
02-May-2019 20:23
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even ann 3 times the same reply in sgx website. they so scared retailers didnt get their message that no div is given out because of MODEST profit. at least those dubious  S chip towkay dont give div but dare throw money in the market to fry the stock a few times which is better than giving div sometimes. haha
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ysh2006
Supreme |
02-May-2019 19:24
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Why like that....use the profit guidianc to induce us to chiong in biy later say no money to give dividend you stuck your basar... | ||||
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gravity8888
Supreme |
02-May-2019 18:25
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That y I was saying if break 6 cts then can buy cos always reached there then u turn... Otherwise just wait at 002 | ||||
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Starship
Supreme |
02-May-2019 18:17
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Just like what this thread title says...............................it simply smells Fishy.................... ![]() ![]() ![]()
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tonytan44
Supreme |
02-May-2019 18:05
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haha in profit guidance they said........  the Company is expecting to record a significant increase in the unaudited consolidated profit attributable to Shareholders for the full year ended 28 February 2019 (&ldquo FY2019&rdquo ) as compared to the corresponding period in 2018 (&ldquo FY2018&rdquo ). ............when query by sgx why no div they said........The Company wishes to inform shareholders that no dividend has been declared or recommended for the following reasons:   (a) the Company has just recently within the last 2 financial years made a turnaround and recorded modest profits before tax   simple words tell you significant profits to make you buy. when time to give out money the profits become modest therefore you stuck your problem.....nothing to give you
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gravity8888
Supreme |
29-Apr-2019 16:48
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Sent to cold storage liao until a few months later. Got any news then will create interest | ||||
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nqing87
Supreme |
29-Apr-2019 11:23
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in terms of p/e, needless to say it is over-value in my opinion (i judge counters as under-value if p/e is less than 10).. there are reasons why nico is trading as such higher premium given its exposure to big names, but nico need to step up their bottomline definitely to match with the expectations.. they need to expand more business volume and customer base..  just a side info, we have another mico-penny DISA, which also has big names walmart as their customer, but for that counter, i dont think we will see any near term turn-around to profit cos they really need to sell a lot of codes to be profitable.. for DISA, i doubt their business will ever turn to profits unless the whole world is using their codes
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gravity8888
Supreme |
29-Apr-2019 10:22
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Agreed.. Those that bought in anticipation of the price going up must have been left disappointed.. So after the deadline., either they sell or hold. If mass sell, price may go down below 4 and I be there waiting at 2 | ||||
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grateful
Senior |
29-Apr-2019 10:19
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Thanks for the long explanation, can understand the difficulty to breakthrough and have their materials used by global brands. BUT in reality Nico has to show its ability to increase the revenue and profits soon... with orders that can give them the leap.  If not, all are just fluff.   
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gravity8888
Supreme |
29-Apr-2019 09:12
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We can write long story for any counter.. End of the day.. The prices show | ||||
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nqing87
Supreme |
28-Apr-2019 22:30
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i think it is not fair to just degrade nico to being a low value added raw material supplier to these big names end user clients.. i think nico has done a good business strategy which is to work with these end client customers on their new products.. so what this basically means is they force their direct customers/OEM to buy from them, cos they will likely be in the maker list of the end user clients as they are working closely together to develop the new product according to their specifications.. this will help to reduce too much price pressure from their direct customers on them, and means a higher gross margin which we can see in nico' s results as they are now making a profit now instead of losses.. i dont think it is that easy to just be a raw material supplier for these big names, otherwise even u and i can set up a company to sell raw materials to these end user clients.. the metal products that nico did has patents, and if it is nothing special and easily fabricated, nico wont bother to apply patents for them.. in some cases, they are sole suppliers to the big names clients.. if i have such a good track record, i will also be proud to share with my shareholders.. nico does not only have 1 or 2 big names clients that are using their products, but quite a number of them, which is a strong testimony to their products..  in any case, what the material from nico just forms a very small part of the end user clients' end products.. so it is not enough for nico to just have the big names supporting it, but also a much bigger business volume from more customers to have a significant revenue/profits.. there are millions of raw material suppliers, and not many can have even 1 big names customer that are using their raw material.. in a dynamic environment where technology is improving, competitors will also step up the competition.. so it is not certain that nico will always be the raw material suppliers for these big names clients, cos there will eventually be some competitors who also done lots of R& D efforts in order to secure orders with these big names..  whether the current share price is over-value or not is up to one perspective (which in p/e terms will be over-value cos of the large 5billion shares floating), but i dont think it is fair to diminish the work done by nico in trying to be a high end raw material supplier..
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Shifu8888
Supreme |
28-Apr-2019 20:50
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Hello. Nico is selling raw metal sheets. These customers are not buying from Nico. But buying from the OEM which may or may not buy from Nico. Come on, Nico boss seems to over trumpet again and again. Halcyon sells raw latex but it does not brag it is selling to Michelin tyres.
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nqing87
Supreme |
26-Apr-2019 20:41
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Some of nico' s customers below Existing projects: World&rsquo s largest provider for the TOP500 supercomputers:  Lenovo American multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services:  Apple Largest Japanese smartphone manufacturer:  Fujitsu World&rsquo s largest software company:  Microsoft World&rsquo s largest drone manufacturer:  DJI World&rsquo s largest LCD panel maker:  LG display Project in pipeline: World&rsquo s largest telecommunications equipment manufacturer:  Huawei
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gravity8888
Supreme |
26-Apr-2019 15:59
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32k lot at. 005 selling... Oh no.. Another empty vessel | ||||
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gravity8888
Supreme |
26-Apr-2019 11:04
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Alot of seller is building up at. 005.. News not so good after all? | ||||
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