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2016-06-22 15:50 | Report Abuse
Duit,you can be sweet to person you like but can harsh to person you don't like without reservation.I cannot stand unreasonable persons and I give fair comments irrespective of whether I own them or not.
2016-06-22 15:39 | Report Abuse
This director is just a working director and has hardly any shares and he just wants to make his profits and who knows he may have bought back some.
2016-06-22 15:37 | Report Abuse
QQ88,honestly I didn't buy bcos it has moved from 30c to RM1/-,not that it is no good but missed the opportunity of catching a golden goose at cheap price.But after the tanked down I bought a little at very low price but it is insignificant.
2016-06-22 14:34 | Report Abuse
Correction:....can change your mood....
2016-06-22 14:31 | Report Abuse
Duit,to me you are a mysterious person and can change your mode quite easily,anyway we are friends,never a confrontation before.
2016-06-22 14:19 | Report Abuse
Arguments based on facts and not assumptions,imagination pls if not backfired by me.
2016-06-22 14:10 | Report Abuse
QQ88,don't tell unrelated issues to me about manipulation,maybe in you are an expert in it.What I want is its worthiness based on a/c and fundamentals,provides facts on it.They have shown losses in their a/c so I presume it is genuine.
Calvin criticised their receivables/debtors being increased and high but he never took into consideration that the sales had increased,naturally there will be an increase in debtors.My relative exports services in shipping and others but they use letter of credits to ensure payments so what is the problem of high debtors if they can secure themselves with this provision.Being an outsider we cannot simply comment without the real information as we may slander the reputation of the board.Frankly I have high respect for engineers bcos they normally have high intregrity in practice and are disciplined lotas they need to work hard to obtain their degrees.
QQ88,you are brainless just simply bla,bla like a goat.
2016-06-22 13:31 | Report Abuse
Only 40k,then made such a who ha............,many here owned much more.He may just want to realise his profits for his raya and what wrong.
I think many have missed the boat earlier,wanted to get in so create shocks of panic to depress the price.I expect the results to be good as they have proven for the last 4 quarters.
2016-06-22 13:13 | Report Abuse
Calvin Tan,to me you are unfair person,if the nta=89c,pe=10 based on market price=99c,why should the price be 30c,below its par value of 50c.For 99c,it is a fair value for a small paid-up company.
Maybe,it should slowly move up and not at such fast pace but demand wouldl set its speed with a lot of gamblers around.
One director owned only 50,000 shares disposed 40,000 shares yesterday frightened some investors and triggered the panic.
2016-06-22 12:57 | Report Abuse
Just now I checked its a/c,for the 4 quarters of the last f/a ended 31st March 2016,it made profits not 2 quarters,and its earning/share was 9.96c.
It revenues was RM377mln with a paid-up of RM70,which means 5 times its capital.Simply means for every ringgit,they are able to generate a sale of RM5/-.To me their management and directors are dynamic, enterprising and capable.So we must applaud them for their hard work,leadership and entrepuership.Unlike certain stupid management just know how to ask money and dispose their businesses when anything goes wrong and waste our funds and finish our money like wintonni,Hubline,etc.
2016-06-22 12:27 | Report Abuse
It started to drop at 4.30pm and somebody wrote it received it at 4pm plus.At the same some guys overbought without money and dumped when they got the news.
2016-06-22 08:59 | Report Abuse
Musangfoxking,I find you the most stupid person who is also a liar.You can't understand the contents of articles and simply comment.
2016-06-22 08:42 | Report Abuse
If it is then those who lose must thank Bursa for it.
2016-06-22 08:40 | Report Abuse
Is it the uma issued by Bursa that causes the panic?
2016-06-22 08:35 | Report Abuse
It is private placement of shares not going private.
2016-06-22 08:31 | Report Abuse
If truth is written about the company it is perfectly ok.
Today I write articles about it,am I a syndicate too?
2016-06-22 08:04 | Report Abuse
With a par value of 50c means that for every share they have 50c to support their businesses,today their nta is 89c which means over the years it has made 89-50=39c for every share,hence it is a profit making company.It has 140mln shares and a paid up capital of RM70mln,if the creditors is RM70mln which means every share they owe 50c but they have 89c for every share.So after settling their debts they still have 39c per share extra which means with positive assets.
2016-06-22 07:41 | Report Abuse
Many counters have par value of 10c but it has a par value of 50c so when its market price went to 30c,it was under par value and bcos of losses but now with last 2 quarters it was making 10c per share and for 4 quarters it is 20c per share and if the pe is 12,the market price is RM2.4 per share.So it is not expensive at 99c.
What is the panic about? and with regards to the receivables of RM89million it is normal as the sales/revenues of RM300+ which the turnover rate =300+/89=4+ which means every 2 to 3 months they receive their payments so this is a normal practice.
They are in business for many years and if the debtors are bad they would have gone bankrupt much earlier and not surviving until now.The government should give full support for this kind of industry if we want to achieve the status of a developed nation and should phrase out labour intensive industries which hire a lot of foreigners who are bad for social and economic reasons.
As an investor if there is no hanky panky business why not support this kind of industry for our own survival for the advancement of our nation or in all prefer to stay up in the trees instead of houses/condos.
2016-06-22 00:30 | Report Abuse
Correction:..it tanks for such short time .....
2016-06-22 00:29 | Report Abuse
Normally when it tanks for such time it will rebound.
2016-06-22 00:25 | Report Abuse
Many think it will tank down some more.
2016-06-22 00:18 | Report Abuse
A lot of sour grapes hoping it will collapse.
2016-06-21 23:35 | Report Abuse
Its nta is 89c so it is not too high at 99c.
2016-06-21 23:33 | Report Abuse
But they have a work force of 1500 highly skilled employees so it is not a con job except whether we have overvalued its worthiness.
2016-06-21 23:25 | Report Abuse
Tintan,so you want to trick us to buy csl by telling how good it is.
2016-06-21 23:16 | Report Abuse
Calvin was wrong when it was moving up only correct for one hour,let's see what happens next,to be fair.
2016-06-21 23:14 | Report Abuse
Any stock that drops drastically will have a rebound,a few years ago,when I bought kmn at about 60c per share it came down to 37c within hours,my paper loss was RM50k.I started to pick up at 39c upwards and later sold at a loss of RM3 thousands.
So if the earning is still good you can pick up some to average out.
2016-06-21 22:54 | Report Abuse
Flyingkite,he warned us at 2 hrs before the collapse.Who knows the ist quarter 2016 may be good.
2016-06-21 22:40 | Report Abuse
Fryingkite has very vicious heart condition,you cheer over people's setback or disappointment.
2016-06-21 19:33 | Report Abuse
Only 5 millions below 70c.
2016-06-21 19:25 | Report Abuse
I really dislike people who use harsh words against those who need consolation/encouragement at the time of distress.
Koon Bee and others,it could be a shake off for the speculators only so just relax and be optimistic.
2016-06-21 19:12 | Report Abuse
Dysonic also had limit down about rm2.
2016-06-21 19:07 | Report Abuse
Only 5 millions sell below 70c so probably it can move up further if the results is good.
2016-06-21 18:11 | Report Abuse
Others were correct earlier Calvin is right only once so why should be applauded so much.In any speculative counter booms and burst surely will happen,it has moved up 300% so a severe correction is bound to happen.
All you know Koon Bee and others may have sold and wait for another round so don't trust anyone in stock market,use your own discretion in picking your stocks.
2016-06-21 17:51 | Report Abuse
Whenever stocks move very fast within a day,you have to be cautious.
2016-06-21 17:26 | Report Abuse
Just wait for a technical rebound.
2016-06-21 16:56 | Report Abuse
It is time to grab some now.
2016-06-21 15:27 | Report Abuse
Cavin Tan,you must admit your defeat as a gentleman.
2016-06-21 09:39 | Report Abuse
Many companies' right issued are unsubscribed like puc,TH heavy by nearly 50% and the latter by 70% which indicate the investors are losing confidence in equity markets.It is time for Bursa to buckup their own efficiency to regain the investors' confidence.
2016-06-20 23:38 | Report Abuse
Right now,everyone is making money from low to high not like csl from high to low,everyone is losing money,which is better?
2016-06-20 23:15 | Report Abuse
They even published in the papers and told the public how good were their shares.
2016-06-20 23:10 | Report Abuse
For IFCA the directors unloaded a lot of their shares at inflated prices.
2016-06-20 23:08 | Report Abuse
If these receivables are letters of credits they are guaranted by the bankers.In export of services,normally their payments are in form of letter of credits which are safe.
2016-06-20 22:52 | Report Abuse
I believe comcorp has growth from the increase of revenues from the last 2 quarters,regarding the increase of receivables of RM18mln,it is acceptable bcos of the increase of revenues(sales)for the last 2 quarters.
Don't play contra is the safest for any counter in bursa so that you will not be squeezed by the syndicates who play on timing.
2016-06-20 19:47 | Report Abuse
Maybe must visit their factory and places of unloading goods,then only can extract the truth.Police in China did investigate their factory when there was a fire and they are compensated by insurance co,I presume.
2016-06-20 19:25 | Report Abuse
I try to believe it is real but I can't with these price movements.Many fund managers with many inside news and insight will grab it if it is real for such a cheap price.They must smell something fishy.
2016-06-20 17:30 | Report Abuse
Beststock,simply it is not real,it can drop from RM1.4 to 7c.
Stock: [BNASTRA]: BINASTRA CORPORATION BERHAD
2016-06-22 16:19 | Report Abuse
Many may want to enter tomorrow so eager to frighten the fainted hearted ones.When dsonic collapsed many made fast money when it rebounded so will it happen to Comcorp?Be careful shorties bcos it is small paid-up which can easily be controlled.