Monday, November 24, 2014

About TDEX... Erratic Earnings.

It had proposed a 10% private placement exercise on Oct 2014.

It had acquired stakes in several private companies. Among them is the proposed acquisition of a 55% stake in IdealSeed Resources Sdn Bhd, an employment consultancy services for rm2.2 million.

The company profit margins has been erratic over the past years, ending in losses of about rm437000 for FYApril 2014. In 1QFY2015, it has managed to return to the black with a modest net profit of rm89000 on the back of rm3.7 million revenue. Its pioneer status will expire in FY2015.

The company had net cash of rm6 million at end 1QFY2015 after managing to reduce its trade receivables to rm4.9 million from rm7.1 million at end FY2013.

Its client concentration risk given that 80% of its trade receivables are from three customers.

It trades at 3.8 times book value with a 12 month trailing PER of 305 times.

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Please note that all data given are merely blogger's opinion. It is strongly recommended that you do your own analysis and research before investing.