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Currently, my RM1.52 GENM (another 100-year opportunity) bought in April is nowhere near a 100% return. You cannot plan the 100-year opportunities, which are emerging in nature -- only a few of them over the past five years!
There is another motive for 87¢. The last time maintaining the 60-70¢ range, Focus had about RM90M cash from the Focus-PA conversions -- price of PA + 49.5¢!
The market price yesterday was above RM2.35 (except for a few of them), but GENT declared all shares were "RM2.35" exactly -- read the announcement carefully, okay? Otherwise, GENT would have breached the law!
We all know Focus is a "crazy shark" counter. The 87¢ investors have already lost 174 times! If Kenneth Vun is crazy enough, it could even goreng up to 100¢ -- no logic or fundamentals, but based on his moods:) He is back from the HK exile (unscratched from COVID-19) and has become a CEO for two listed companies here! The CEO, Tay Ben Seng, has proved his leadership and vision by making The Arch the next-level, lifestyle (high-class or fashionable) entertainment and F&B hub!
For example, the quarterly profit for the financial period ended 30 Sep 2020 was RM5.9M (net profit), but the actual cash flow was RM10.1M (gross profit)!
During 2020 with COVID-19 MCOs, the bogus "net profits" were all green, and the highest profitable quarter was RM9.46M, but all were paper profits due to manipulations! The CEO and the business model are the same since at least 2017!
In short, why would anyone think that Focus was unprofitable if it could sell the RM12K/bottle to rich alcoholics both in physical stores and over the net?
If the gross margin was positive each quarter since at least 2019, it meant at least half of the revenue was the gross profit (aka cash flow), but where did this cash go each quarter? It was hiding under "Other Operating Expenses" for opening new outlets, brands, or The Arch Galeries.