KBS Fashion Group Limited (KBSF)

[makinezmoney]

$KBSF: Might add a position at $3.90


Waiting a bit to see what evolves here



GO $KBSF

[bosman]

Lots of upside here on watch list.

[makinezmoney]

$KBSF: Any idea how low the float is here ??????


How about....... 1.54 Milly



Now at $4.65



GO $KBSF

[tbirdman]

Dilute junk pos eh?

[Roadtojourney]

This management just looks for an opportunity to dilute junk pos imo

[ClayTrader]

* * $KBSF Video Chart 10-22-2020 * *

Link to Video - click here to watch the technical chart video

[whytestocks]

Breaking News: $KBSF KBS Fashion Group Limited Announces Second Quarter and First Half of 2020 Financial Results

KBS Fashion Group Limited Announces Second Quarter and First Half of 2020 Financial Results PR Newswire SHISHI, China, Sept. 24, 2020 SHISHI, China , Sept. 24, 2020 /PRNewswire/ -- KBS Fashion Group Limited ("KBS" or the "Company") (NASDAQ: KBSF), a leading f...

In case you are interested KBSF - KBS Fashion Group Limited Announces Second Quarter and First Half of 2020 Financial Results

[Golden Cross]

$KBSF Bullish golden cross coming up on chart here in a few days

[Golden Cross]

Target $6

[Golden Cross]

Nice pre-market move +.70c

[BioSpecialist]

KBSF =MC $5 M /Face Mask /Cash $20M /Book Value $21 per share / Shares Out 2.6 M = the MOST underpriced and undiscovred low float corona gem i ever have seen ..could be a 10 bagger in shorttime ....GLTA

[ClayTrader]

* * $KBSF Video Chart 06-12-2020 * *

Link to Video - click here to watch the technical chart video

[Discipline15]

Up huge.

They are starting to find it.

15+ soon

[Pedro2004]

(lol) … "If you build it, they will come."

Well, I bought it. Now let them come.

[Discipline15]

They will find it.
It's now a mask play
I just slapped the ask

[peterus]

agree will blow up soon

[Discipline15]

Watching this one closely. 1mil float. News to partner to make face masks. Waiting for volume to come in

[ClayTrader]

* * $KBSF Video Chart 03-11-2020 * *

Link to Video - click here to watch the technical chart video

[deet49]

New contracts ? Military, police maybe uniforms for Luckin Coffee LK

news of new merger candidate ?

$20M + cash on hand near zero debt and reportedly aprox $100M in assets
intrinsic value should be near $50-$60 per share

and again rally gets squashed has to be a ton of naked shorting?

KBSF

[europtiger]

Got me 2,80,s

[deet49]

what I'm stating is observation as long as this stock has existed as far as I know it's always given the appearance of being undervalued.

When I say Bet just referring to the market makers and the way they treat this as if they will out last the company constantly beating down any rally

Management is a failure at communicating that fact that it trades at less than cash on hand is amazing and it has for years

[finesand]

you are correct and I thank you for your input
making this a debate.

correct, management can always ruins it all.

now the big Q is: will this be the case here?

so far, they didn't do one acquisition in the past.
problem here is that they didn't communicate this w/ SH,
so we don't know whether this rejection was for SH's benefit.

Hence we have to accept that they are more silent,
so who likes a loud company - avoid!

Do they have a history of burning cash and ruining the balance sheet?
Doesn't look like, even though 2017/18 wasn't that bold.

We both would need to go more into the details, yes.
But as long they don't burn the NCAV upside or safety
at least there is no dilution risk.
BTW .. GURE is in similar pair of shoes.

I also didn't really write about a bet, more introducing numbers.
For this reason, well .. suits the purpose.
Neither I nor friends ever go all in anyways (o8>

[deet49]

they should just return the $20M Cash to shareholders before they squander the whole thing Sink or Swim on whats left ...
and that's the problem here it's priced for failure

so in-spite of what appears to be well reasoned DD The bet is 00 Management to Fail

[finesand]

DD Summary (version 03)

Added Tribe details and Online Sales to the end, that should be it for today.

OS (No ADS, the shares themselves)
-
- 2015-12-31 1.69M (4Q19 20-F 1:15 RS adjusted)
- 2016-12-31 1.77M (4Q19 20-F)
- 2017-12-31 1.99M (4Q19 20-F)
- 2018-12-31 2.27M (4Q19 20-F)
- 2019-03-31 2.29M (1Q19 6-K)
- 2019-06-30 2.44M (2Q19 6-K, fully diluted)

RS
- 2017-02-06 1:15 RS (OS 26.52M -> 1.77M)

+++

Ownership
All officers and directors as a group (7 persons named above) 43.58%,
incl. 37.21% by Keyan Yan.

Keyan Yan 47 Chairman and Chief Executive Officer

+++

6-K 6/30 ER notes: Slightly positive income. Cash over $20.2M + $11.4M trade receivables. Total liabilities only $6.7M.
OS seems to be 2.44M fully diluted (re 6-K).
Cash $20.2M - Total Liabilities $6.7M = $13.5M net-net-net -> $5.53/sh.

And of course, the Graham Net Net Asset Value (NCAV) is much higher +$5.7M: $19.2M or $7.87/sh!

2Q19 6-K : https://www.sec.gov/Archives/edgar/data/1546383/000121390019016755/f6k082719ex99-1_kbsfashion.htm
4Q18 20-F: https://www.sec.gov/Archives/edgar/data/1546383/000121390019007519/f20f2018_kbsfashiongroup.htm

+++

Revs 6 month 2019: $9.04M -> $18M annualized or $7.38/sh
$2.50 SP is at P/S 0.34 @ 2.44M OS fully diluted
But assuming their turnaround continues and hence fwd P/S is even lower.

P/E not yet applicable really, I guess.

P/S 1 is at $7.34/sh SP almost matching the NCAV Graham value of $7.87/sh.
A possibility, assuming growth is building up as planned.

+++

They had a bad 2018 year, obviously.
Company lost $20M in equity over 2018.
20-F https://www.sec.gov/Archives/edgar/data/1546383/000121390019007519/f20f2018_kbsfashiongroup.htm#fin_002

Now they showed effort for the turnaround transition
at least over the last 2-3 quarter to my knowledge.

Last two quarters proved these efforts to be fruitful.
2Q19 ER: https://www.sec.gov/Archives/edgar/data/1546383/000121390019016755/f6k082719ex99-1_kbsfashion.htm

+++

20-F REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

US Auditor in the US applying PCAOB style review:

WWC, P.C.

Certified Public Accountants

We have served as the Company’s auditor since April 25, 2016.

San Mateo, California
April 30, 2019

https://www.sec.gov/Archives/edgar/data/1546383/000121390019007519/f20f2018_kbsfashiongroup.htm#v_001

+++

No past or present lawsuits!

+++

2019-02-19 20% Acquisition of Greece Based Private Smart Tech Apparel Co 'Tribe'
http://ir.kbsfashion.com/news-releases/entry/149/

Closed in 1Q19 "Looking forward to the remaining of 2019, we are excited about the sales potential from the recently signed contract and integration of our potential acquisition of Tribe which is expected to put us in a prominent position in the smart clothe technology market. We are confident about our ability to outperform in 2019 and beyond."
https://www.sec.gov/Archives/edgar/data/1546383/000121390019009959/f6k060319ex99-1_kbsfashion.htm

Key Contact is already from Greece: Mr. Themis Kalapotharakos
http://en.kbsfashion.com/about/ "Strategic Partners" -> https://www.tribewearables.com/

+++

E-Commerce Online Shop Fell Through

2018-11-15 http://ir.kbsfashion.com/news-releases/entry/145/

"It's noteworthy that KBS products are also available on North American and European online stores of Hangzhou Siteng Network Technology Company Ltd. ("Siteng"), an e-commerce service company in China."

but then ..

2018-12-11 http://ir.kbsfashion.com/news-releases/entry/146/

"As previously announced on September 20, 2018, the Company entered into a non-binding letter of intent to acquire 51% of Siteng, an e-commerce services company based in China. Pursuant to the letter of intent, the transaction was to close no later than June 30, 2019. The parties have mutually agreed not to proceed with the transaction and terminated the letter of intent, effective immediately."

Therefor, they haven't started the e-commerce sales.

Well, they should just do it themselves - can't be too hard, or is it?

[finesand]

Now we have one question.
Where are the e-commerce online shops on Amazon and AliBaba?

2018-11-15 http://ir.kbsfashion.com/news-releases/entry/145/

It's noteworthy that KBS products are also available on North American and European online stores of Hangzhou Siteng Network Technology Company Ltd. ("Siteng"), an e-commerce service company in China.

but then ..

2018-12-11 http://ir.kbsfashion.com/news-releases/entry/146/

As previously announced on September 20, 2018, the Company entered into a non-binding letter of intent to acquire 51% of Siteng, an e-commerce services company based in China. Pursuant to the letter of intent, the transaction was to close no later than June 30, 2019. The parties have mutually agreed not to proceed with the transaction and terminated the letter of intent, effective immediately.

Therefor, they haven't started the e-commerce sales.

Well, they should just do it themselves - can't be too hard, or is it?

[finesand]

We were looking for the closing of the Tribe deal (o8>

And it was already closed 1Q19 (o8>
https://www.sec.gov/Archives/edgar/data/1546383/000121390019009959/f6k060319ex99-1_kbsfashion.htm

Looking forward to the remaining of 2019, we are excited about the sales potential from the recently signed contract and integration of our potential acquisition of Tribe which is expected to put us in a prominent position in the smart clothe technology market. We are confident about our ability to outperform in 2019 and beyond.

Now we have one question.
Where are the e-commerce online shops on Amazon and AliBaba?

[dipANDrip]

Long $KBSF 2.70

[wickerman]

$KBSF 660K floater will explode when the annual report comes out probably next week..no one is watching zzzzz...

KBS Fashion Group Limited Expects Increased Sales and Profits in First-Half 2019

https://www.prnewswire.com/news-releases/kbs-fashion-group-limited-expects-increased-sales-and-profits-in-first-half-2019-300781936.html


KBS Fashion Group Announces Letter of Intent to Acquire a Greece Based Private Smart Tech Apparel Company

https://www.prnewswire.com/news-releases/kbs-fashion-group-announces-letter-of-intent-to-acquire-a-greece-based-private-smart-tech-apparel-company-300797809.html

[wickerman]

$KBSF heavy accumulation over the past 3 sessions watch this potential low float rocket over $4.40 very low valuation.

[wickerman]

$KBSF vs $RBZ half the float and triple the EPS the latter just ran 450%

https://finviz.com/quote.ashx?t=KBSF

https://finviz.com/quote.ashx?t=RBZ&ty=c&ta=1&p=d

[Makk1]

Breakout level is 5.00. Strong watch above for freaky friday moves.

[davidsson10]

"KBSF: the end will not be nice. P&D by alliance investment management from Cayman Islands. Another notorious play."

[Attila1905]

$5.6 big runner soon

[Screech691]

weeeeee love me some $KBSF low float madness

[Tha Part Time Er]

Easy $$$$$ today

[Screech691]

it's so damn thin, just needs a little volume slapping the ask we're back at $7+

[Tha Part Time Er]

Nice lil spike today $$$$$$$ mam re to come soon!!!!

[Screech691]

$KBSF closed above the 50 DMA, nice action into close. Uptrend forming on the daily chart

[Screech691]

oh well, get in for the next ride ;o)

[KJ]

Couldn't wait... Saw an opportunity and sold at a $900 loss and made it all back the same day on ZN....

[Screech691]

ready to push again IMO

[Screech691]

$KBSF ready for another go here

[Screech691]

$KBSF looks ready to push again....super low floater with a positive MACD cross looming and broke the 50 DMA

[KJ]

SHISHI, China, March 28, 2018 /PRNewswire/ -- KBS Fashion Group Limited (NASDAQ: KBSF) ("KBS" or the "Company"), a vertically-integrated casual menswear company in China, today announced that the Company is exploring opportunities in investing and developing new artificial intelligence technologies that may offer significant values to the apparel industry.

Mr. Yan, Chairman and CEO of KBS, commented, "This strategic movement flags the Company's intention to expand its business in new technologies for complementing its core manufacturing business." "The Company intends to pursue such opportunities via either the direct investment into or cooperation with companies where there are significant synergies." "I believe KBSF is well positioned and has the capacities for becoming a meaningful player in the evolution of artificial intelligence in the apparel industries in China and globally", added Mr. Yan.

[KJ]

With the low float she could really sprint....

[UP Trend]

Looks like might be ready soon, on watch.

[KJ]

Totally agree......

[Heycenda]

758k float , we more volume, and everything is gonna change

[Longer Than Most]

Big bounce coming this week. Don’t think shorts are going to win this one in the end

[KJ]

Should be an interesting week..... TY