Ben GRQ's comment on SEDANIA. All Comments

Ben GRQ
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? to the moon ?
Hans Lee
To holland
Like · 3 years · translate
cheng
The report should be out by tomorrow. Should get an overview of FY2021 with Offspring.
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YG Adison
cheng result out???????
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Woon Kia Song
no volume?????
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YG Adison
no surprise no volume
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cheng
Probably today, Addison. There will always be risk of qr surprises (good or bad) and some chose to rebalance positions before QR is out; to mitigate the risk. No right or wrong as different individual has different preference / risk tolerance. Just my opinions, could be wrong. Hope it helps.
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YG Adison
thanks 4 advice
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Sofian Ramly
Bad qr.. Ready for impact
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YG Adison
pn17 door always welcome。hahaha hahaha
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Woon Kia Song
tomorow will go back 0.12
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cheng
Lol, seems that you have rebalanced position, Addison. It’s a good move. Sold mine last week. Offspring results is not in this QR and there is literally nothing except inflated admin expenses which is impairment of receivables. Perhaps it may go below the last pp price again.
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YG Adison
cheng thanks。loss making company always like that
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Woon Kia Song
cheng if down stil can buy?
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cheng
Hi Woon, I will not buy at this price unless I have seen Offspring's contribution to Sedania's earnings plus the impact from this QR. The impairment on receivables resulted in lower net tangible assets for Sedania. Used to be at approx 0.13 cents and now approx 0.10 cents. Recent pp at 0.132 and ESOS at 0.144. It has cash balance of $10.8M and current liabilities of $2.6M. Though it seems ok for now but there may be risk of similar impairments again the following quarter. So, its best to let Sedania deliver the results first. If you are confident with Sedania's mgmt and its business model, you can use the latest net tangible assets and additional listings as a quick reference for your decision making. Example: If market price goes below the pp, ESOS and NTA price while Offspring's contribution is generating revenue to its earnings, I think it will be attractive. Just my opinions, could be wrong. Hope it helps with your research.
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2 Like · 3 years · translate
Woon Kia Song
Tqvm cheng........
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Woon Kia Song
cheng hw u see this sedania?
1 Like · 3 years · translate
cheng
Hi Woon, it will be the same as previous feedbacks - will not buy at this price unless Offspring contribution kicks in. Financially, Sedania's cash balance based on the latest report showing $10.8M and short term fund of $1.89M with current liabilities of $2.6M. However, Offspring acquisition is via $15M cash with the 1st tranche payment at $10.24M while balance 2nd and 3rd tranche will be done upon meeting profit guarantee if I recalled correctly. Last QR's impairment on receivables will not go well - low cash compared to current liabilities. Just my opinions, could be wrong. Hope it helps with your research.
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Woon Kia Song
cheng Tqvm.......
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