Nanofilm Technologies with questionable disclosures going to IPO here

[Pinkieslut]

https://www.nti-nanofilm.com/company/

 

[Pinkieslut]

Nanofilm (SGX: MZH) down 15% in 3 days - Those results weren’t good at all​

09 Nov 2023, 03:43 PM

Bad financial results lead to a falling share price - this is not one of those grand surprises

Nanofilm technologies International Ltd logo. P

Publish : 09 Nov 2023, 03:43 PMUpdate : 09 Nov 2023, 03:43 PM
Nanofilm (SGX: MZH) shares are down 15% over the past three days, 6% just today. The cause of the fall in MZH shares is simply that the results recently announced were just not very good. “Shares of Nanofilm Technologies fell sharply on Tuesday after the company warned of a net loss of approximately $8 million for the first six months ended June 30 due to a fall in revenue. Nanofilm, which specialises in advanced materials and coatings, said in a regulatory filing on Monday that it is expecting to post a 34 per cent fall in revenue to $73 million for the first half-year.” There would still be an EBITDA profit, but that’s not, as they say, a real profit, an addition to shareholder value. It’s the $8 million that matters.
The reason: “The company attributed the decline to the challenging operating environment, which resulted in lower production volumes.” This is reasonable enough in one sense. At this high end of manufacturing the actual raw materials costs are very little to do with the total cost base. It’s the overhead of being able to manufacture that is the real costs base. So, falling sales - falling revenue - doesn’t reduce costs much. The costs of even being in business are still there.

Nanofilm share price from Google Finance
As we say above: “It added that gross profit declined 28 per cent year on year over the same period as lower production volumes led to reduced economies of scale.” The gross margin on each unit of sales remains the same but falling sales opens up a gap between total gross profit and those overheads.
It is possible for the company to increase gross margins, cut per unit cost and so on. Even to reduce overheads costs. But while that can be done - and is being done - there’s still that basic problem of the macroeconomic headwinds. It might well be worth thinking about Nanofilm as something to look at when we think the economy more generally is about to turn around. As we’ve said about Petra Diamonds before now, some firms and share prices simply are more recession vulnerable than others.

 

[Patriotmissile]

ALL eat money.

 

[MaximiLian]

Sinki Kenasai 101st Diamond Hand Independent Corp

market closing in 5 hourz. delusional sinkis can start chanting ze diamond sutra

 

[k1976]

Nanofilm (SGX: MZH) down 15% in 3 days - Those results weren’t good at all​

09 Nov 2023, 03:43 PM

Bad financial results lead to a falling share price - this is not one of those grand surprises

Nanofilm technologies International Ltd logo. P

Publish : 09 Nov 2023, 03:43 PMUpdate : 09 Nov 2023, 03:43 PM
Nanofilm (SGX: MZH) shares are down 15% over the past three days, 6% just today. The cause of the fall in MZH shares is simply that the results recently announced were just not very good. “Shares of Nanofilm Technologies fell sharply on Tuesday after the company warned of a net loss of approximately $8 million for the first six months ended June 30 due to a fall in revenue. Nanofilm, which specialises in advanced materials and coatings, said in a regulatory filing on Monday that it is expecting to post a 34 per cent fall in revenue to $73 million for the first half-year.” There would still be an EBITDA profit, but that’s not, as they say, a real profit, an addition to shareholder value. It’s the $8 million that matters.
The reason: “The company attributed the decline to the challenging operating environment, which resulted in lower production volumes.” This is reasonable enough in one sense. At this high end of manufacturing the actual raw materials costs are very little to do with the total cost base. It’s the overhead of being able to manufacture that is the real costs base. So, falling sales - falling revenue - doesn’t reduce costs much. The costs of even being in business are still there.

Nanofilm share price from Google Finance
As we say above: “It added that gross profit declined 28 per cent year on year over the same period as lower production volumes led to reduced economies of scale.” The gross margin on each unit of sales remains the same but falling sales opens up a gap between total gross profit and those overheads.
It is possible for the company to increase gross margins, cut per unit cost and so on. Even to reduce overheads costs. But while that can be done - and is being done - there’s still that basic problem of the macroeconomic headwinds. It might well be worth thinking about Nanofilm as something to look at when we think the economy more generally is about to turn around. As we’ve said about Petra Diamonds before now, some firms and share prices simply are more recession vulnerable than others.

Still have Profit, no worries

 

[Pinkieslut]

Samsters want to work in Nanofilm?

 

[Dr Christopher Cheok C S]

Full Year Results - 2023

Revenue $177mio (Down 25.4%)
Net profits $2.7mio (Down 93.8%)
R&D reduced by $5.3mio, otherwise, company will be in net-loss.

Where did the money go?
"Cash and Cash Equivalent" increased by $7.38mio after taking $57.8mio loan from bank.
NTA dropped from 63.7 cents to 58.71 cents

 

[Dr Christopher Cheok C S]

Nanofilm’s FY2023 earnings plunge by 92.8% y-o-y to $3.1 mil on lower revenue
https://www.theedgesingapore.com/am...arnings-plunge-928-y-o-y-31-mil-lower-revenue

According to Nanofilm, the second half of the year saw a recovery in its business performance as the pathway to revenue recovery and ongoing cost optimisation were gaining momentum.

“Despite the tough environment last year, our business has remained profitable with positive operating cashflow,” says the company in its Feb 26 statement.

Looking ahead, Nanofilm expects to see higher revenues and profits in the FY2024 should all things remain unchanged. “The combination of cost optimisation and strategic commercial initiatives are expected to progressively contribute to the group’s financial performance in FY2024,” it says.


- They always tell analysts that.

 

[Dr Christopher Cheok C S]

DBS Group Research cut target price for Nanofilm Technologies International from 83 cents to 63 cents

https://www.theedgesingapore.com/am...ssure-dbs-cuts-target-price-nanofilm-63-cents

 

[MaximiLian]

hope ze delusional exitted ytd

 

[Dr Christopher Cheok C S]

UOB cuts target price to $0.60 - Maintained Sell
https://research.uobkayhian.com/content_download.jsp?id=77495&h=fb913796114f9f4498fbd580b705035f

 

[syed putra]

Write to MAS? hahaa you seriously think they will take action? I tried before and they will brush you off.

Highlighting here and people can use their common sense to judge. The observations cited here can be subjected to scrutiny and discussions. At least, I dare say the figures are plucked from their disclosures that don't make sense. Isn't shaming sleeping regulators here more tangible?

All in the pockets of scammers. Including the bankers, auditors, and those who scrutinize the deal.

 

[k1976]

Samsters want to work in Nanofilm?

OMG....Charbo seem like some ding dong wan

 

[Dr Christopher Cheok C S]

After nanofilms, be wary of the next con job from heliconia - ONE Championships. Accounts are now dolled up by former Chairman of delisted Indiabulls Properties Investment Trust (another big flop).

ONE Championships took our government's money and retrench to shore up profitability for IPO.
They had another mass retrenchment during COVID days.
https://www.channelnewsasia.com/singapore/one-championship-layoffs-manpower-jobs-4682616

ONE says the layoffs are part of its "overall strategic plan to bring the company to profitability in the coming months".

 

[k1976]

ONE Championships took our government's money and retrench to shore up profitability for IPO.
They had another mass retrenchment during COVID days.
https://www.channelnewsasia.com/singapore/one-championship-layoffs-manpower-jobs-4682616

ONE says the layoffs are part of its "overall strategic plan to bring the company to profitability in the coming months".

They leetrench any those ringside chiobu?