PN17 companies are denoted in red by Bursa as a warning to potential investors..but for many greed prevails over commonsense...hence their lost...they are the creators of their own down fall...as such can one blame others.i.e the authorities,the manipulators etc??
Nice writing about PN17. There are good companies going to PN17 soon such as Jobstreet and it is because they are selling their main business. I think we should scrutinize PN17 companies and understand why they are in PN17 first before making any buying decisions.
PN17 companies are what they are..!!There is no such thing as good PN17 companies...for the simple fact that they have been designated as such...for a reason..a PN17 company maybe perhaps becomes a ` good' company when they have fulfilled all the requirements attached to their upliftment!!...than an investor may consider buying these companies...buying into these companies based on all kind of rumours or statement coming from major share holders and interested parties is an act of getting one into a well setup trap..lets not greed prevail lest in the end one will end losing ones hard earned money...in the process blaming the authorities of not protecting investors..bla..bla..bla!!
What Lah, I bought PATIMAS 2 sen and sold 12 sen leh, (though not that 20 sen highest, 500% profit is good leh, Ayam Tua lagi hebat, dia beli PATIMAS 1.5~2.0 sen PATIMAS banyak-banyak lepas tu jual 14-19.5 sen. Lagi hebat daripada saya.
そして、Ayam Tua not put too much $$ there lah, dia meli manyak EAH @ 12.0 ~ 12.5 sen, nearly habis sapu semua EAH @ 12.5 sen hari tu, sekarangan, masih 16.5 sen walapun overshoot 19 sen.
Tak apa, mahu untung, TAK PERLU JUDI PN17 company. Buy good company stock if they were press down by Fam Jenny.
This is an extremely simplistic treatment and analysis of distressed firms ... I'm really disappointed with the author ...
Not all PN17 companies are beyond redemption ... As many gallant white knights could readily attest to ...
A PN17 firm rescued by a experienced, responible tycoon and successfully turned around with an effective and credible turnaround strategy would give much vaster ROI much than a solidly performing company ... It's only logical ...
As an author he should make a serious effort to present a more balanced view ... But what has done is just project himself as an out-an-out anti-PN17, anti-distresed-firm activist ...
not necessary u cannot invest in PN17 company. If their turnover plan is good, u can buy it at low price. Let's say if the comany successfully transformed from PN17 to profitable company, you return will me very huge. Best example will be Ideal Suncity. Their shares soar more than 300% after uplift from Pn17
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
happ12
852 posts
Posted by happ12 > 2014-08-21 19:59 | Report Abuse
very good article..if one company come out from pn17 status, is it worth to consider buy?Why? Thank you