Basic idea is REX needs fund to upgrade its factories to produce products that better suit the market. So, if you trust the company then can support by subscribing the right issues. I trust REX and will be subscribing.
Profit making for last 7 quarters, last year dividend resumed, can expect this year? One thing: MR DARMENDRAN don't sell but buy more shares! Although tomorrow is listing date of right shares..... should be able to stay >160?
The Group recorded loss before tax of RM38.6 million compared to profit before tax of RM0.2 million generated in the corresponding quarter last year. The loss before tax was mainly due to decommissioning of Bukit Minyak production facility in line with the business rationalisation plan. This resulted in a one-off impairment of the plant's fixed assets, provision allowance of inventories obsolescence and staff retrenchment cost. This coupled with the continuous higher input cost and the effect of a weakening Ringgit Ringgit were also contributing factors to the loss.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....