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

[Bubbachuck]

What happened to this counter? Just quickly checking and saw its price dropped from $0.44 to $0.15 in one day (Aug. 11 -12)??

[CityFarmer]

What happened to this counter? Just quickly checking and saw its price dropped from $0.44 to $0.15 in one day (Aug. 11 -12)??

XD after the dividend distribution of 30 cents.

[Bubbachuck]

But still, 193% drop? Interesting. I dont know about this company yet but interesting to check if good opportunity or not.

[desmondxyz]

But still, 193% drop? Interesting. I dont know about this company yet but interesting to check if good opportunity or not.

44 cts to 15 cts is 193% drop?? I'm very impressed by your maths..dude..

[Bubbachuck]

Sorry my math got corrupted. Should be 66%. Still a big drop.

[Harvest Time]

I am looking on Envictus again.

[ngcheeki]

FY2014 result should be announced by this evening, FY2013 result was declared in 28/12/2013. After special dividend 30 cents, there are still around 9 cents net cash in the book. With price to book of 0.56X, I took a tikam this afternoon for a surprise final dividend. Even if there is no dividend, I'm betting on the improvement of results of their other segments especial their Texas Chicken restaurant businesses
.
a) Trading and Frozen Food Division
b) Nutrition Division
c) Other Divisions: Texas Chicken Outlets and Beverages Division.

The following are some of the numbers for reference, please do your DD and point out any mistake I had made, thank you

3QFY2014
Total equity (RM$ '000) $887,862.00
Total Number of Shares ('000) 625,476.53
NAV (RM$) $1.4195
NAV (S$) $0.5460
Intangible Asset $35,336.00
NTA (RM$) $1.3630
NTA (S$) $0.5242

Cash (RM$ '000) $772,993.00
Cash Per Shares(RM$ '000) $1.2358

Debt secured non-secured Total
Payable <= 1 year(S$ '000) $81,941.00 $0.00 $81,941.00
Payable > 1 year(S$ '000) $60,541.00 $0.00 $60,541.00
$142,482.00
Debt / Equity 0.1605
Debt - Cash $630,511.00
Net Cash per shares(RM$) $1.01
Net Cash per shares(S$) $0.39


Price $0.138
Special Dividend $0.300
Post Dividend NAV $0.246
Price/Book Value 0.56
Net Cash After Dividend $0.09

http://infopub.sgx.com/FileOpen/EIH_Q3FY...eID=308554

vested

[thor666]

http://infopub.sgx.com/Apps?A=COW_CorpAn...HhLE5mwrqA

Results link.

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[Shrivathsa]

http://infopub.sgx.com/Apps?A=COW_CorpAn...HhLE5mwrqA

Results link.

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Continuing operations are making a loss and the loss has widened.

ROE is deteriorating, may be a value trap in the making, at least that is what it looks like to me from the annual report.

[GiraffeValue]

anyone looking at the huge increase of 68m held-for-trading investment? what the hell is this, why are they making such a huge amount investment in quoted equity?