Envictus International Holdings Ltd (formerly: Etika International Holdings Ltd)

ACQUISITION OF 92,676,600 ORDINARY SHARES REPRESENTING 11.43% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF YAMADA GREEN RESOURCES LIMITED

Rationale - The Acquisition represents a strategic investment by the Company in the food industry. The Group will have an additional stream of income by way of dividend income, which is higher than the interest income which the Company is earning.

http://infopub.sgx.com/FileOpen/EIH-Acqu...eID=376873

My jaw dropped when I saw this last night. If this is how they manage cash resource, no longer aligned with my interests on its fast food business. Divest at 0.105 with a loss.

(06-11-2015, 02:24 PM)Yoyo Wrote: ACQUISITION OF 92,676,600 ORDINARY SHARES REPRESENTING 11.43% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF YAMADA GREEN RESOURCES LIMITED

Rationale - The Acquisition represents a strategic investment by the Company in the food industry. The Group will have an additional stream of income by way of dividend income, which is higher than the interest income which the Company is earning.

http://infopub.sgx.com/FileOpen/EIH-Acqu...eID=376873

My jaw dropped when I saw this last night.  If this is how they manage cash resource, no longer aligned with my interests on its fast food business.  Divest at 0.105 with a loss.

In Sam Goi we trust?

Their buying into Yamada and the rationale they give just don't make any sense. Does any VB know what's going on? Please share your theory with the rest of us, because I cannot decide whether to let go after the price went up around 40% within just 2 days! Thanks.

Substantial shareholder and also Group CEO (DATO' KAMAL Y P TAN) on 8 January 2016 purchased 3,000,000 shares @S$ 0.10 per share via off-market transaction.

As at 8 December 2015, the group's Texas Chicken restaurant has reached 22 outlets.
It opened 7 outlets in 2013, 8 outlets in 2014, 8 outlets in 2015.

(08-01-2016, 07:09 PM)cyclone Wrote: As at 8 December 2015, the group's Texas Chicken restaurant has reached 22 outlets.
It opened 7 outlets in 2013, 8 outlets in 2014,  8 outlets in 2015.

My count is Texas Chicken now has 47 stores in Malaysia..
http://www.texaschickenmalaysia.com/near...ken-store/
Not bad! It shows Malaysians love fried chicken, and KFC may be worried about this growing competition.

And Sam Goi has added more Envictus shares just today..
http://infopub.sgx.com/FileOpen/_eFORM1V...eID=506341

(17-05-2018, 07:58 PM)dydx Wrote:

(08-01-2016, 07:09 PM)cyclone Wrote: As at 8 December 2015, the group's Texas Chicken restaurant has reached 22 outlets.
It opened 7 outlets in 2013, 8 outlets in 2014,  8 outlets in 2015.

My count is Texas Chicken now has 47 stores in Malaysia..
http://www.texaschickenmalaysia.com/near...ken-store/
Not bad! It shows Malaysians love fried chicken, and KFC may be worried about this growing competition.

And Sam Goi has added more Envictus shares just today..
http://infopub.sgx.com/FileOpen/_eFORM1V...eID=506341

It feels to me that despite the increase from 8 outlets to 47 today, it is still making losses quarter after quarter, the more it grows the more money it loses, not too keen in such a company even when sam is buying. He definitely knows more about the company than me but i will be satisfied to let him make the profits while i sit on the sidelines to watch

(21-05-2018, 08:16 AM)money Wrote:

(17-05-2018, 07:58 PM)dydx Wrote:

(08-01-2016, 07:09 PM)cyclone Wrote: As at 8 December 2015, the group's Texas Chicken restaurant has reached 22 outlets.
It opened 7 outlets in 2013, 8 outlets in 2014,  8 outlets in 2015.

My count is Texas Chicken now has 47 stores in Malaysia..
http://www.texaschickenmalaysia.com/near...ken-store/
Not bad! It shows Malaysians love fried chicken, and KFC may be worried about this growing competition.

And Sam Goi has added more Envictus shares just today..
http://infopub.sgx.com/FileOpen/_eFORM1V...eID=506341

It feels to me that despite the increase from 8 outlets to 47 today, it is still making losses quarter after quarter, the more it grows the more money it loses, not too keen in such a company even when sam is buying. He definitely knows more about the company than me but i will be satisfied to let him make the profits while i sit on the sidelines to watch

We should not be so fast to conclude this loss-making as a permanent state of affairs.
Should note that this business needs time to optimal profits. Already, we see an improvement in GPM QtoQ, presumably from the slow maturation of its outlets as well as synergistic cost strengths that Texas Chicken/coffee chains with its other food businesses. Already, its outlets are expanding beyond its base of Klang Valley, which would necessarily translate to higher transport costs / another central kitchen. This indicates a certain confidence of management in its prospects. Management needs to add more outlets to balance such fixed costs, of which they are doing.

As for the selling and marketing expenses, I would suppose an increase is natural to support the increase in no. of outlets of Texas Chicken/coffee chains in order to solidify market share and consumer sentiments. As the outlets mature, profits are likely as management would rationally scale back marketing expenses.

On the cost side, management's disposal and cost-cutting of less profitable businesses is another plus.

Anybody looked into Sam Goi's track record?
What I recall from my memory is he's not that fantastic. And there's strong anchoring bias on his "popiah king" reputation.

Proposed Renounceable Non-Underwritten Rights Cum Warrants Issue

Envictus International Holdings Limited announced that the Company is undertaking a renounceable non-underwritten rights issue of up to 113,534,799 new ordinary shares of the Company at an issue price of S$0.16 for each Rights Share  with up to 113,534,799 free detachable warrants, each Warrant carrying the right to subscribe for one (1) new ordinary share in the capital of the Company at an exercise price of S$0.16 for each Warrant Share, on the basis of four (4) Rights Shares  for every five (5) existing ordinary shares in the capital of the Company held by Entitled Shareholders as at a books closure date to be determined , with one (1) Warrant for every one (1) Rights Share subscribed by the shareholders of the Company.

More details in http://infopub.sgx.com/FileOpen/EIHL_Rig...eID=511068

Financial Results for the 3 Months Ended 30 June 2018 (“Q3FY2018”)

Highlights :
1. Revenue of RM102.8 million for Q3FY2018, a marginal decrease of 0.6% from RM103.4 million reported in Q3FY2017
2. Food Services Division’s 20.4% surge in revenue supported by an increase in revenue contributions from Texas Chicken, San Francisco Coffee chain and Delicious restaurant business
3. Additional RM7.3 million revenue contribution from new Dairies Division
4. Gross profit margin rose 1.8 percentage points to 36.0% due to increased sales of higher margin products from Food Services Division
5. Texas Chicken expects to achieve at least 50 operating stores before the end of 2018
6. To open first outlet in Indonesia by September and another 3 outlets in the first quarter of FY2019
7. Total store count under San Francisco Coffee at 41 to date; plans to open another 11 stores in the next 3 to 6 months
8. The Group posted a loss after tax of RM7.9 million in Q3FY2018, due largely to the 22.1% higher overall operating expenses
9. As at 30 June 2018, net asset value per share was RM2.2

More details in :
1. http://infopub.sgx.com/FileOpen/EIHL_%20...eID=521060
2. http://infopub.sgx.com/FileOpen/EIHL_Q3F...eID=521059