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ES CERAMICS TECHNOLOGY BHD ESCERAM (0100)

0.370 -0.010 (-2.63 %)

High: 0.390     Low: 0.370     Vol: 1,728,300 Average Vol: 2,613

last updated: 20-Oct-2017 4:56 PM

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[ESCERAM] ESCERAM - A HIDDEN GEM

BUY ESCERAM AND HOLD UNTIL SEPTEMBER 2013. MY TARGET PRICE IS ONLY 30 SEN. IF YOU CHOOSE TO BUY AND HOLD THIS STOCK, YOU MUST BE PREPARED TO IGNORE ALL THE NOISE AND THE SHORT TERM VOLATILITY OF THE MARKET AND FOCUS MORE ON THE LONG TERM GAIN. MAYBE YOUR TARGET PRICE MAY EXCEED 30 SEN THAT I HAVE PLANNED FOR. GOOD LUCK, EVERYBODY. CHEERS.

NOW, ESCERAM SHARE IS QUIET, I SUGGEST YOU ALL BUY ESCERAM.
ESCERAM IS A VERY GOOD AND SAFE STOCK TO KEEP BASED ON THEIR
VERY TRANSPARENT FINANCIAL AND ACCOUNTING REPORTS MADE IN
2009 AND 2010, I HAVE READ.

AT THE PRICE OF 9 SEN NOW, ESCERAM IS VERY MUCH UNDER-VALUED.
PE RATIO OF 7+ IS CONSIDERED VERY VERY GOOD. NORMAL PE FOR
PUBLIC LISTED COMPANIES IN THE MARKET ARE 12 AND ABOVE. SOME
EVEN DO NOT HAVE A PE RATIO AT ALL, BUT THEIR SHARES ARE FLYING.
NET WORTH FOR ESCERAM IS NOW 15.5 SEN PER SHARE. THE COVERSION
PRICE FOR THEIR WARRANTS THAT EXPIRING IN OCT 2013 IS 12 SEN.

THERE ARE MANY GOOD REASONS FOR ESCERAM SHARES TO FLY PASS 15 SEN.

1. MUCH UNDER-VALUED STOCK ( DISCOUNT OF 72% NOW).
2. ACE COUNTER NOW A FAVOURITE.
3. SMALL CAPPED PLC ......I SEE THIS COUNTER WITH LIMITED SHARES IN THE MARKET IS EASILY CORNERED.
4. EVERY YEAR THEY ARE MAKING PROFITS EXCEPT 2009 ( WHEN USA WAS AFFECTED BY SUB-PRIME ISSUE)
5. THEIR ACCOUNTS WERE CLEAN WHEN THEY HAVE WRITTEN OFF >RM 2 MILLION OF BAD DEBTS IN THEIR 2009 ACCOUNTS.
6. YEAR 2010 CONTINUE TO BE MAKING PROFITS OF 1.994 MILLION. AFTER TAX.
7. THIS YEAR FY ENDING 30 MAY 2011. FIRST & SECOND QUARTERS ALREADY MADE PROFITS. EXPECT
THIRD QUARTERLY RESULTS ENDING 28 FEB 2011 TO ALSO PRODUCE GOOD PROFITS TO BE ANNOUNCED BY END OF THIS MONTH APRIL 2011.
8. THIS COMPANY IS MAKING RUBBER GLOVE FORMERS. AN INDUSTRY RELATED TO KLK AND OTHER COMPANIES PRODUCING SURGICAL , INDUSTRIAL & HOUSEHOLD RUBBER GLOVES WHICH ARE ARE ALL DOING VERY WELL IN THE MARKET WORLDWIDE.
9. THEIR WARRANT CONVERSION RATE IS 12 SEN. BY YEAR 2013, THE ESCERAM MANAGEMENT MUST ENSURE THAT THE ESCERAM MOTHER SHARES MUST BE MAINTAINED ABOVE 12 SEN AT LEAST OR ELSE, THEIR OBJECTIVE OF GETTING WARRANTS CONVERTED BECOMES IN VAIN. WHO WANT TO CONVERT IF THE MOTHER SHARES ARE CHEAPER THAN 12 SEN?. AS SUCH, THE MANAGEMENT PREFERS ESCERAM SHARES TO BE ABOVE 15.5 SEN AT LEAST IN THE MARKET AT ALL TIMES BEFORE 2013.
10. SOMEONE POSTED A BANKER TARGETTED PRICE FOR ESCERAM AT 30 SEN PER SHARE. A GREAT NEWS!
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LOL, you're the same guy who posted in the other forums hardselling this counter. Unfortunately price hasn't been moving much and volume is still negligible. Thanks, but I'll pass.
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GOOD SHOW.

BUYING INTERESTS INCREASED FOR ESCERAM SHARES TODAY
FOR ESCERAM, BUYING INTEREST INCREASED 1%.
FOR ESCERAM-WA, BUYING INTEREST INCREASED 15%.

SELLING PRESSURE DECREASED BY 10% & 8 % RESPECTIVELY.

GOOD SHOW.
KEEP IT UP.
ESCERAM IS COMING !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Thank you, BuddingInvestor. Yes, I am. Stock still move like grandma. Hope I can help. Thanks.
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NVM lah, brother. Just give Esceram a chance to excel. Esceram is still at the bottom. I am not promoting Esceram when it is 30 or 40 sen high. That would take many to Holland. I am promoting Esceram becoz I see potentials in it. At 9 sen now, you said your remiser gave you tips that it would go down to 7.5 sen. I don't believe. I did my homework and I bought more. Now, Esceram reaches 11 sen at one time. Now back to 9 sen bottomline. Forget about your remiser's advice. They have their hidden agenda. Maybe, they were bought over by interested parties to say such a thing. You are matured. Do your own research. Research more into the company. Not just the P&L. Nothing to be proud of for their P&L. See their strategy how they are going to overcome their obstacles. That's more significant than just seeing the book from its cover. Thank you, brother for the pass. Thank you. Allow me to promote Esceram with peace. Blessings to you and me. Blessings to all Esceram Shareholders & Warrant Holders. Blessings to all. Thank you.
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Don't worry. I bought it because of all the facts you have provided. I won't blame you if the price went down. Thanks again!
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Hello there! I am new in investing. I don't really know you and the company but I just bought at 0.090 based on your comments above! I am not a tiger so will hold it until 2013. You might be right!
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THANK YOU. I AM HONEST TO TELL PEOPLE THAT THIS SHARE YOU BOUGHT NEED TO HOLD FOR SOME TIME DUE TO SOMETHING GOOD GOING ON INSIDE THE GROUP. I AM PROMOTING THIS COUNTER AFTER I FOUND THAT THERE ARE SO MUCH POTENTIALS FOR THIS STOCK TO MOVE UP.
TODAY, THE SHOW IS GOOD....BECOZ BUYING INTERESTS START COMING IN. SEE THE NUMBERS OF BUYERS QUEUEING TO BUY ALWAYS EXCEEDED THE SELLING QUEUE SINCE APRIL 2011.
TODAY,

GOOD SHOW.

BUYING INTERESTS INCREASED FOR ESCERAM SHARES TODAY
FOR ESCERAM, BUYING INTEREST INCREASED 1%.
FOR ESCERAM-WA, BUYING INTEREST INCREASED 15%.

SELLING PRESSURE DECREASED BY 10% & 8 % RESPECTIVELY.

GOOD SHOW.
KEEP IT UP.
ESCERAM IS COMING !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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INFORMATION REGARDING ESCERAM:

THE POSSIBILITY OF ESCERAM GOING INTO PRIVATISATION OR BEING WHOLLY ACQUIRED BY DATO KAMAL TAN BY SEPTEMBER 2013.

DATO KAMAL TAN HAD RECENTLY DECLARED HIS INTEREST FOR ACQUIRING THE REST OF SHARES THAT HE DO NOT OWNED IN ESCERAM. HE GOT HIS EXCEPTION APPROVAL FROM SC SO THAT HE CAN SLOWLY ACQUIRE THE BALANCE OF PUBLIC SHARES UNTIL SEP 2013 FROM THE OPEN MARKET. DATO KAMAL TAN IS CURRENTLY THE CEO AND MD OF ETIKA INTERNATIONAL HOLDINGS LIMITED, A MAIN BOARD PUBLIC LISTED COMPANY IN THE SINGAPORE STOCK EXCHANGE. BELOW IS A LIST OF M&A HISTORY WHERE ETIKA INTERNATIONAL HAVE COMPLETED THEIR ACQUISITIONS. OTHER THAN OWNING ETIKA INTERNATIONAL HOLDINGS LTD, DATO KAMAL TAN IS ALSO THE OWNER AND EXECUTIVE DIRECTOR OF LASSETERS CASINO IN ALICE SPRINGS, AUSTRALIA.

Etika International Holdings Limited M&A History

Etika Intl Hldgs Ltd acquires Susu Lembu Asli Marketing Jan 04, 2011
…MALAYSIA - Etika International Holdings Ltd (Etika) of Singapore acquired the entire share capital of Susu Lembu Asli Marketing Sdn Bhd, a producer and wholesaler of milk, from Excel Corporate Solutions Sdn Bhd (Excel). Concurrently, Etika acquired the entire share capital…

Etika Intl Hldgs Ltd acquires Susu Lembu Asli(Johore)Sdn Bhd from Excel Corporate Solutions Jan 04, 2011
…MALAYSIA - Etika International Holdings Ltd (Etika) of Singapore acquired the entire share capital of Susu Lembu Asli (Johore) Sdn Bhd, a producer and wholesaler of milk from Excel Corporate Solutions Sdn Bhd (Excel). Concurrently, Etika acquired the entire share capital…

Etika Intl Hldgs Ltd acquires Platinum Appreciation Sdn Bhd Nov 02, 2010
…MALAYSIA - Etika International Holdings Ltd of Singapore acquired the entire share capital of Platinum Appreciation Sdn Bhd, a provider of financial services, for a nominal consideration of MYR # (USD #. ###) in cash.…

Etika Intl Hldgs Ltd intends to purchase remaining interest in Sentrafood,Sentraboga Oct 06, 2010

…INDONESIA - Etika International Holdings Ltd of Singapore was granted an option to acquire the remaining ##% stake, which it did not already own, in Sentrafood Indonusa PT and Sentraboga Intiselera PT, two Jakarta-based producers and wholesalers of instant noodles.…
Etika Intl Hldgs Ltd acquires Sentrafood,Sentraboga Oct 06, 2010

…INDONESIA - Etika International Holdings Ltd (Etika) of Singapore, through its wholly-owned Etika Indonesia PT and Etika Marketing PT units, acquired ##% interest in Sentrafood Indonusa PT (Indonusa) and Sentraboga Intiselera PT (Intiselera), two Jakarta- based producers and wholesalers of…

Etika Intl Hldgs Ltd acquires Family Bakery Sdn Bhd Oct 04, 2010

…MALAYSIA - Etika International Holdings Ltd of Singapore acquired the entire share capital of Family Bakery Sdn Bhd, Daily Fresh Bakery Sdn Bhd and Hot Bun Food Industries Sdn Bhd, for a combined value of MYR ##.# mil (USD #…


Etika Intl Hldgs Ltd acquires Vixon Indonesia PT Sep 30, 2009


…INDONESIA - Etika International Holdings Ltd (Etika) of Singapore and its Etika Marketing PT unit acquired the entire share capital in Vixon Indonesia PT (Vixon), a Jakarta-based wholesaler of consumer goods, for IDR # bil (USD #.### mil). On…




Etika Intl Hldgs Ltd acquires Quality Wines Sdn Bhd Feb 28, 2008


…MALAYSIA - Etika International Holdings Ltd acquired ##% interest in Quality Wines Sdn Bhd, a wine and liquor wholesaler from Mr. Khor Sin Kok, for #.## mil Malaysian ringgit ($#.### mil US) in cash.…




Etika Intl Hldgs Ltd acquires a minority stake in General Packaging Sdn Bhd Oct 31, 2007


…MALAYSIA - Etika International Holdings Ltd, through its wholly-owned subsidiary Etika Industries Holdings Sdn Bhd, raised its interest to ##.##% from ##.##%, by acquiring a ##% stake, or #.## mil ordinary shares in General Packaging Sdn Bhd…




Etika Intl Hldgs Ltd acquires Ligaco Trading Sdn Bhd Jun 26, 2007


…Malaysia - Etika International Holdings Ltd acquired the entire share in Ligaco Trading Sdn Bhd(LT), a producer and wholesaler of beverages, for a nominal consideration of # Malaysian Ringgit ($#.## US). Upon completion, LT was to be named Etika…




Etika Intl Hldgs Ltd acquires MC Packaging(M)Sdn Bhd Apr 25, 2007


…MALAYSIA - Etika International Holdings Ltd acquired a ##% interest in MC Packaging (M) Sdn Bhd, a tin cans manufacturer, from Mr. Yong Weng Chye, for #.### mil Malaysian ringgit (#.## mil Singapore dollars/$#.### mil US). The…




Etika Intl Hldgs Ltd acquires Quantum Praise Sdn Bhd Feb 08, 2007


…MALAYSIA - Etika International Holdings Ltd of Singapore acquired the entire share capital of Quantum Praise Sdn Bhd, a milk producer and wholesaler, for a nominal consideration of # Malaysian ringgits (#.### Singaporean dollar/S#.### US).…




Etika Intl Hldgs Ltd acquires Naturalac Nutrition Ltd Jan 31, 2007


…NEW ZEALAND - Etika International Holdings, through its wholly-owned Etika (NZ) Ltd unit, acquired the entire share capital of Naturalac Nutrition Ltd, a sports food products wholesaler, for #.# mil New Zealand dollars (#.### mil Singapore dollars/$#…




Etika Intl Hldgs Ltd acquires Deliset Sdn Bhd Mar 07, 2006


…MALAYSIA - Etika International Holdings Ltd teh entire share capital of Deliset Sdn Bhd, an investment holding company, for a nominal consideration of # Malaysian ringgit ($#.### Singapore dollar/$#.### US) in cash.…




Etika Foods(M)Sdn Bhd acquires Pok Brothers Sdn Bhd (pending) Oct 12, 2005


…MALAYSIA - Etika Foods (M) Sdn Bhd, a wholly-owned unit of Etika International Holdings Ltd, agreed to acquire the entire share capital of Pok Brothers Sdn Bhd, a frozen food products producer, from investors Pok Yock Tin, Pok Yoke Koon…




Etika Intl Hldgs Ltd acquires Wangsani Holdings Sdn Bhd May 16, 2005


…MALAYSIA - Etika International Holdings Ltd acquired the entire share capital of Wangsani Holdings Sdn Bhd, an investment holding company, for a nominal consideration of # Malaysian ringgit (#.### Singapore dollar/$#.### US).…
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You are welcome! Thanks for sharing! I don't know how to trade aggressively so I bought 200 Lots in ESCERAM at 0.090 like a Mutual fund for long term gain until 2013. Do you think I should add more? I think the return should be much higher than investing in Mutual Fund! Please do keep us posted until 2013! :)
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Oh, thanks for supporting Esceram, my favourite counter. I came to know this counter only in April this year. I am addicted to playing shares but I can't leave the share market completely so I finally found Esceram a share full of hope and potential yet to move up. After winning quite abit from 2009 till 2011, I now placed all my money and winnings into Esceram coz Esceram now is still at the bottomline. Surely safe to buy. Yes, anywayis80. You can certainly add more shares coz 9 sen is the bottom for now coz if you see the chart, it is just starting to move. So, don't procrastinate to buy. You will be happy like me when it suddenly fly. I expect this Esceram to reach over 20 sen by this year end. Regards. Cheers always. Buy now and keep at least until early next year. For me, I intend to keep until September 2013 aiming for maximum gain.
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No problem. How did you fund out about this company? What will happen if DATO KAMAL TAN changes his mind acquiring the company? Should I cancel my order which I placed on yesterday in COMPUGT, GSB and NICORP and focus more on ESCERAM only? Maybe it is safer to diversified? By the way they are all in very low price to buy...
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Dude, I seriously hope you are not taking NKT's advice like the gospel truth without doing your own research. If that's how you invest, then you are going to get burnt badly sooner or later. At the end, NKT's goal is to enrich himself, not others, despite his protestation. There's no free lunch in this world. And if you do get burnt, he won't be there to reimburse you.

Instead of asking others to lead you like a lost sheep, do your own solid research and base your decisions on facts. Learn to read financial statements - net profit is only part of the whole picture, you'll need to look at the gearing and cash flow amongst other things.
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Hello Jollybee, buddinginvestor. I am still using KT Ng name here. Thanks for advicing anyway1s80 to read up himself. Yes. Don't rely so much on people's comment. Do your own homework. That's the most timely advice. But quite amusing, Jollybee after reading the report is still convinced. After I have wriiten more than 30 pages. Still not convinced. Good that I can't convinced coz he has a mind of his own. Take care, brother Jollybee aka BuddingInvestor.Be your own is better than to follow what ppl say.
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Thanks BI. I am very very new in investing so I bought stocks usually base on news and predictions from others like here, newspaper or magazine. What you said is true so better to study and research first. One thing I am sure for now is never put one's own money in a a whole basket. I prefer diversification. :)
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If you are very new, its best to invest in the expertise of mutual funds. The fund managers are normally very competent(check out which funds is the best performing and the costs of buy/sell)

if you insists on investing/trading the market on your own. Invest in blue chips or FBM30 counters. If you cant make $ investing in blue chips, forget about making consistent money in pennies.

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Thanks for your tips! Will look into them also! I have some funds at fundsupermart. Although they are not performing well now but I am still holding them for long term. I am trying to learn share trading now and have bought few stocks (KIMLUN & MEDIAC) recommended by OSK for long term also. Since KTN is recommending ESCERAM for long term plus I am also prefer for long term then I bought loh...
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THANKS FOR YOU TRUST IN ME & IN ESCERAM.
BUYING NOW IS STILL AT THE BOTTOMLINE.
SEE CHART TO BELIEVE.
200 DAYS MOVING AVERAGE STILL AT 8.9SEN.
SEE THE CHART ABOVE, IT IS MOVING UPWARDS.

Moving Average Analysis
SMA Value Last(0.095)
10d 0.095 Above
50d 0.088 Above
100d 0.082 Above
200d 0.089 Above

ALL INDICATIONS ARE GOOD.
AT BOTTOMLINE NOW, YOU SHOULD NOT FEAR BUYING.
BUYING NOW AT 9 SEN IS THE LOWEST. SEE 200 DAYS MOVING AVERAGE CHART.

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U R welcome. Nothing to be worried. I bought it because of the details you have provided. This stock will go up but the timing is long so those some prefer to wait a little longer. So what others you are buying besides this one? What target price you have predicted successfully in the past? Would love to know more of your experience!
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I am a retired Accountant cum Businessman. I am normally very careful and conservative in choosing my stocks. Esceram is my recent recovery in late April 2011. After reading and reseaching Esceram, I found a lot of interesting facts and potentials. Other than Esceram I am now concentrating, I have promoted ASB, MajuPerak, Inch Kenneth since joing back the share market in 2009. All the shares I chosen are initially dead and written off by many critics. I just joined tradeSignum here. I find TradeSignum very interesting and professional. Thank you for having confidence in Esceram. I believe Esceram can easily fly high once the chairman Dato Kamal Tan has accumulated enough. Why we have to wait for him to accumulate? Becoz he is the leader of Esceram. We must respect him too. Long Term, I hope he can bring Esceram to a height that matches with Top Gloves, KLK, Supermax in the future. Short term, (by end of this year), I hope he has accumulated enough and we will help to push his shares higher than 20 sen at least in order for Warrant Holders to exercise their conversion by Jan 2012. Cheers.
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Base on your resume above then I shall not worry about this share! Let's hope it will go up end of this year! :)
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Base on your resume above then I shall not worry about this share! Let's hope it will go up end of this year! :)
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I happen to find out Esceram by looking for cheap Ace Counters. I found Esceram coz it is cheap, under-valued at first. Not so attractive at first coz this company is not like those giant companies that make multi millions. Esceram has profits ranging from few hundreds thousand to few millions only. But, I am not interested in their performance right now. I am eyeing Esceram's future and potential for its shares to fly up by this year end. Reasons I have already made known to you. Buy or not buy is all up to you. BuddingInvestor did gave you a very timely advice. Do you own homework? If you don't know or just lazy to do, that's your problem, BuddingInvestor says. I am not so shrewd afterall. If you ask me, I will tell. If not, I just reveal as and when I like. Good luck, brother/sister. See for yourself. Esceram good or no good, time will tell. I am still KT Ng.
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You have missed out an important point.

Company's total loan is 25m, of which 19m is due within the next 5 years.

2010 profit only 2m. Annual loan interest is roughly 1.9m.

Hope the company can repay the loan due. Good luck.
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YOU MAY BE LOOKING AT 2009'S ANNUAL REPORT.

AS AT THE LAST QUARTER'S REPORT, TOTAL LOAN AMOUNTS TO RM19.012 ONLY. RM19 MILLION IS DUE EARLY NEXT YEAR, NOT NEXT 5 YEARS. THERE IS RM7.136 CASH IN HAND.
GOOD NEWS IF THE SHORT TERM LOAN IS DUE. MANAGEMENT HAS TO DO SOMETHING TO GET MONEY TO PAY THE BANKS ON TIME.
SINCE, THEY HAVE THE OPTION TO SETTLE THIS 19 MILLION EASILY, WHY NOT THE MANAGEMENT USES IT.
THE OPTION IS AS FOLLOWS :
1.ESCERAM SHARES MUST GO UP BY END OF THIS YEAR. TARGET PRICE AT LEAST ABOVE 20 SEN IN ORDER FOR THOSE ESCERAM-WARRANT HOLDERS TO EXERCISE THEIR RIGHTS TO CONVERT THE WARRANTS TO MOTHER SHARES AT 12 SEN. NOW WARRANTS SELLING ONLY 4.5 SEN.
THEY MUST MAKE THIS WARRANT HOLDERS TO CONVERT OR ELSE, ESCERAM IS DEAD. BAD NEWS IN DISGUISE, WILL BECOME GOOD NEWS FOR BUYERS NOW. IF THE MANAGEMENT WANTS TO HELP TO SOLVE THIS CURRENT TERM LOAN PROBLEM, THEY MUST ACT NOW TO PUSH THE SHARES UP. YOU SEE, IT IS SO EASY TO PUSH UP ACE COUNTERS SHARES. JUST 10 MILLIONS SHARES ALONE CAN MAKE ESCERAM TO GO UP TO 15 SEN AT LEAST. BUY NOW. DO NOT MISS THIS GOLDEN OPPORTUNITY. CHEERS.
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CORRECTION:
AS AT THE LAST QUARTER'S REPORT, TOTAL LOAN AMOUNTS TO RM19.012.
RM16.783 MILLION IS DUE EARLY NEXT YEAR. THERE IS RM7.136 MILLION CASH IN HAND.
GOOD NEWS FOR US IF THE SHORT TERM LOAN IS DUE. THEIR MANAGEMENT MUST DO SOMETHING TO GET MONEY TO PAY THE BANKS ON TIME BY JANUARY 2012.
SINCE, THEY HAVE THE OPTION TO SETTLE THIS 19 MILLION EASILY, WHY NOT THE MANAGEMENT USES IT. THE OPTION IS AS FOLLOWS :
### ESCERAM SHARES MUST GO UP BY END OF THIS YEAR. THE TARGET PRICE BE AT LEAST ABOVE 20 SEN IN ORDER FOR THOSE ESCERAM-WARRANT HOLDERS TO EXERCISE THEIR RIGHTS TO CONVERT THEIR WARRANTS TO MOTHER SHARES AT 12 SEN. NOW WARRANTS SELLING ONLY AT 4.5 SEN. STILL VERY CHEAP.
THEY MUST MAKE THIS WARRANT HOLDERS TO CONVERT BY END OF THIS YEAR OR ELSE, ESCERAM IS GOING DEAD. BAD NEWS IN DISGUISE, WILL BECOME GOOD NEWS FOR BUYERS NOW. IF THE MANAGEMENT WANTS TO HELP TO SOLVE THIS CURRENT TERM LOAN PROBLEM, THEY MUST ACT NOW TO PUSH THE SHARES UP. YOU SEE, IT IS SO EASY TO PUSH UP ACE COUNTERS SHARES. JUST 10 MILLIONS SHARES ALONE CAN MAKE ESCERAM TO GO UP TO 15 SEN AT LEAST. BUY NOW. DO NOT MISS THIS GOLDEN OPPORTUNITY. CHEERS TO ALL OF YOU HERE. CHEERS, MY FRENS. CHEERS.
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ESCERAM PRACTICES " MANIPULATIVE ACCOUNTING"
ESCERAM ALSO PRACTICES " CREATIVE ACCOUNTING"
NOW ESCERAM PRACTICES "WRITE OFF ACCOUNTING"

MALAYSIAN INSTITUTE OF ACCOUNTANTS SHOULD TAKE ESCERAM PRACTICES AS A STUDY CASE TO HELP FUTURE & PRESENT ACCOUNTANTS & AUDITORS TO BE EXTREME CREATIVE & MANIPULATIVE IF REALLY ALLOWED TO FOLLOW. MIA AS A STATUTORY BODY FOR THE ACCOUNTANTS & PUBLIC ACCOUNTANTS SHOULD VOICE THEIR OPINION ON ESCERAM'S CURRENT ACCOUNTING TREATMENTS AND PRACTICES. VERY SPECIAL CASE, INDEED. INCOME TAX DEPARTMENT ALSO GOT AMUSED AND DUMB FOLDED.

SORRY EVERYBODY. I HAVE TOTALLY REVERSE MY TRUST AND OPINION ON ESCERAM. PLEASE STAY AWAY FROM ESCERAM AS FAR AS POSSIBLE. GOOD DAY.

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Well... you should know it better buying Ace counters either make you or break you. It's just like buying 4-digit, either you lose your capital or you win many folds. (Digista is one of the successful story)

Creative accounting is very common in Ace counters. You just need to be careful with the red flags. Esceram's sales for FY2010 was 25m. Total loan for FY2010 was 28m. (FY2011 Revenue and total debt is 20m and 21m respectively). Unless the revenue can grow at a fast rate, else there is no way the company can serve the loan. All the profits will be eaten by the finance charges. You are an accountant right? I am sure you know very well the financial health of this counter especially its slow receivable turnover.

I salute you to say management will find a way to push up the price and get shareholders to exercise the warrants and pump in money into the company.

It's good to have faith in the company. The management needs more shareholders like you.
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Very well put NewKid.. btw, good job with the predictions on Esso and Coastal, I'm sure you made a bit :)
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Thanks BI. My 2 prediction is far fetched from your 33. lol
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The number of correct predictions is not of utmost important, but I'd say the average change and %correct is a better indicator. I have a great deal more respect for you than say, someone with 70 right predictions but averages less than 4% change with each prediction *chuckles*
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I'm flattered. Thanks for the compliment.
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hope those that goes in at 0.09 stopped their loss.
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Are you saying that it won't rebound back? Might take long time to rebound or will never rebound and should sell asap?
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This is something you have to decide on your own. But reading this thread in its entirety should at least give you some clue on what the others think. Go check out the other stock forums for yourself if you're still uncertain. And do your own analysis on the recently announced results. Anyway, tough luck man.

ACE counters are definitely not for the faint-hearted.
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I bought it when NKK recommended it in June and sold half of it the next day to avoid risk and also for small gains. Today I have decided to sold all again for loss after reading this thread. Thanks!
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its a 40%+ loss already from 0.09 to current 0.055. What do you think? Anyhow if you intend on cutting lost, there is an opportunity coming up soon according to the charts, you may want to take advantage of that. Just my 2 cents views though.
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I know right? Great loss! I intended to sell it at 0.07 but sold at 0.06 this noon without delaying & hesitation. Thank god I have cut lost today. Now my next concern is GSB.
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Lesson of the day.. never trust ppl that u are nt familiar with.. do ur own homework..=)
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I still think that ACE counter not fit for long term... unless you REALLY DIG through the company PRODUCTS, FINANCIAL POSITION AND THE MANAGEMENT. The best possible position to do all this is... u are an accountant at the company (huhu). Then u might have better chance to make money for long term.
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[ESCERAM] ESCERAM - WILL SLOWLY CLIMB UP UNTIL YEAR 2013.

BUY ESCERAM AND HOLD UNTIL SEPTEMBER 2013. MY TARGET PRICE IS ONLY 30 SEN. IF YOU CHOOSE TO BUY AND HOLD THIS STOCK, YOU MUST BE PREPARED TO IGNORE ALL THE NOISE AND THE SHORT TERM VOLATILITY OF THE MARKET AND FOCUS MORE ON THE LONG TERM GAIN. MAYBE YOUR TARGET PRICE MAY EXCEED 30 SEN THAT I HAVE PLANNED FOR. GOOD LUCK, EVERYBODY. CHEERS.
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NOW, ESCERAM SHARE IS QUIET, I SUGGEST YOU ALL BUY ESCERAM.
ESCERAM IS A VERY GOOD AND SAFE STOCK TO KEEP BASED ON THEIR
VERY TRANSPARENT FINANCIAL AND ACCOUNTING REPORTS MADE IN
2009 AND 2010, I HAVE READ.

AT THE PRICE OF 9 SEN NOW, ESCERAM IS VERY MUCH UNDER-VALUED.
PE RATIO OF 7+ IS CONSIDERED VERY VERY GOOD. NORMAL PE FOR
PUBLIC LISTED COMPANIES IN THE MARKET ARE 12 AND ABOVE. SOME
EVEN DO NOT HAVE A PE RATIO AT ALL, BUT THEIR SHARES ARE FLYING.
NET WORTH FOR ESCERAM IS NOW 15.5 SEN PER SHARE. THE COVERSION
PRICE FOR THEIR WARRANTS THAT EXPIRING IN OCT 2013 IS 12 SEN.

THERE ARE MANY GOOD REASONS FOR ESCERAM SHARES TO FLY PASS 15 SEN.

1. MUCH UNDER-VALUED STOCK ( DISCOUNT OF 72% NOW).
2. ACE COUNTER NOW A FAVOURITE.
3. SMALL CAPPED PLC ......I SEE THIS COUNTER WITH LIMITED SHARES IN THE MARKET IS EASILY CORNERED.
4. EVERY YEAR THEY ARE MAKING PROFITS EXCEPT 2009 ( WHEN USA WAS AFFECTED BY SUB-PRIME ISSUE)
5. THEIR ACCOUNTS WERE CLEAN WHEN THEY HAVE WRITTEN OFF >RM 2 MILLION OF BAD DEBTS IN THEIR 2009 ACCOUNTS.
6. YEAR 2010 CONTINUE TO BE MAKING PROFITS OF 1.994 MILLION. AFTER TAX.
7. THIS YEAR FY ENDING 30 MAY 2011. FIRST & SECOND QUARTERS ALREADY MADE PROFITS. EXPECT
THIRD QUARTERLY RESULTS ENDING 28 FEB 2011 TO ALSO PRODUCE GOOD PROFITS TO BE ANNOUNCED BY END OF THIS MONTH APRIL 2011.
8. THIS COMPANY IS MAKING RUBBER GLOVE FORMERS. AN INDUSTRY RELATED TO KLK AND OTHER COMPANIES PRODUCING SURGICAL , INDUSTRIAL & HOUSEHOLD RUBBER GLOVES WHICH ARE ARE ALL DOING VERY WELL IN THE MARKET WORLDWIDE.
9. THEIR WARRANT CONVERSION RATE IS 12 SEN. BY YEAR 2013, THE ESCERAM MANAGEMENT MUST ENSURE THAT THE ESCERAM MOTHER SHARES MUST BE MAINTAINED ABOVE 12 SEN AT LEAST OR ELSE, THEIR OBJECTIVE OF GETTING WARRANTS CONVERTED BECOMES IN VAIN. WHO WANT TO CONVERT IF THE MOTHER SHARES ARE CHEAPER THAN 12 SEN?. AS SUCH, THE MANAGEMENT PREFERS ESCERAM SHARES TO BE ABOVE 15.5 SEN AT LEAST IN THE MARKET AT ALL TIMES BEFORE 2013.
10. SOMEONE POSTED A BANKER TARGETTED PRICE FOR ESCERAM AT 30 SEN PER SHARE. A GREAT NEWS!
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PLEASE DO NOT ANSWER OR COMMENT ON THIS TOPIC ANYMORE BECAUSE I HAVE OPENED ANOTHER SAME TOPIC WITH THE TITLE " ESCERAM - A HIDDEN GEM". ALL DISCUSSION ON ESCERAM, PLEASE GO THERE TO COMMENT.
THANK YOU VERY MUCH. SORRY FOR THE INCONVENIENCE CAUSED.
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ESCERAM PRACTICES " MANIPULATIVE ACCOUNTING"
ESCERAM ALSO PRACTICES " CREATIVE ACCOUNTING"
NOW ESCERAM PRACTICES "WRITE OFF ACCOUNTING"

MALAYSIAN INSTITUTE OF ACCOUNTANTS SHOULD TAKE ESCERAM PRACTICES AS A STUDY CASE TO HELP FUTURE & PRESENT ACCOUNTANTS & AUDITORS TO BE EXTREME CREATIVE & MANIPULATIVE IF REALLY ALLOWED TO FOLLOW. MIA AS A STATUTORY BODY FOR THE ACCOUNTANTS & PUBLIC ACCOUNTANTS SHOULD VOICE THEIR OPINION ON ESCERAM'S CURRENT ACCOUNTING TREATMENTS AND PRACTICES. VERY SPECIAL CASE, INDEED. INCOME TAX DEPARTMENT ALSO GOT AMUSED AND DUMB FOLDED.

FROM TODAY ONWARDS, PLEASE STAY AWAY FROM ESCERAM.......NO POINT WASTING OUR PRECIOUS TIME. I TOTALLY REVERSE MY OPINION AND TRUST ON ESCERAM. SORRY EVERYBODY. TAKE CARE.

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Buying esceram blindly?... it really tumble.. u still have faith on this share?.. i dont think so...
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