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Timber heyday is over and it's bleeding the company but don't expect them to give up the management already explain. Good sign is they are buying back thier own shares rather than investing in stock market which I don't think they are good at base on past record.
Ever since it's founder pass away in November 2025. I notice one group of investor is cashing out since mid December. Everyday selling non stop until today. I think more than 50m has been sold in market and its not stopping. Hopefully someone will mop up this company shares and do a takeover and current price it really look cheap for a decent size plantation.
When CPO prices improve 30% it production drop 30% equivalent to about to $7.5m revenue loss on top of that total under other loses about $16m for 9 mths wth hardly any explanation. RPT come to more than $10m. it's quite profitable if not for these few abnormal things
This company have a lot of red flags. Very high RPT in 10ten of million. Production drop 30% recently when CPO prices shot up 30%. Very late in announcing thier monthly production figure. other losses in 9 month total $16m no explanation. Bursa should query them 1500 tonnes CPO about $7.5m drop 3 time the industrial average.
Until today most Sarawak plantation company already announce their production figure for November but WTK which is smaller still not yet. Inefficient management aisei :(
November production figure will be out and they usually announce almost towards end of month compare to others 1st week or 2nd week. CPO is above $5000.00 now. Not in Broadway light again
3rd quarter result just out. After looking thru it another abnormal loss stood out in others and adjustment about $6m loss in 3 mth total $16.5m in 9mths worst explanation given was turnover is insignificant BUT the loss is significant. People who invest in WTK is bcos it's cheap and give a dividend. Top management shld consider a MBO.
Finally the share price came down as expected bcos of abnormal behaviour of the company about $7.5 m in revenue lost within 2 mth when cpo prices jump more thn 30% it's production drop 30%. Bursa need to query the management. overall industry production didn't drop that much
The management need to explain why production drop drastically from August 5500tonnes 1500 tonnes almost 30%. Other Sarawak plantation company can report in the first week thier production figure comparatively thier production from August to October no big fluctuation.