dusti

Huge volume traded everyday, but price doesn't seem to go anywhere. What really is happening?

2016-06-29 10:32

disagreetoagree

Now, there are 3 main issues tht are clouding vivocom's prospect. First is the vacant CEO position and Dr yeoh chose to take a back seat for unknown reasons. No need to bash me on this because this is really suspicious after just 8 Mo ths as CEO.

Secondly, it's the quarter result which is seasonally weaker or weakest among all construction companies here. So I don't even wanna hear myview or ktsk88 because those are speculation not backed by good reasoning.

Thirdly, either private placement PP is to take place before q2 result or after it. Don't know how much money is to be raised but I can give an estimation tomorrow. This will no doubt dilute it's EPS and erode shareholders' values further.

These 3 main issues will have downward pressure on vivocom's share pricing. They have mentioned abt it's latest awarded job will improve its NTA so it means payments of works done will be on contra basis. Clients pay contractor with shoplots or condo.

2016-07-08 23:39