Posted by Jonathan Keung > 2016-02-22 15:01 | Report Abuse

good interesting article

Posted by Desa20201956 > 2016-02-22 15:12 | Report Abuse

I got 5 lots

Decided to sell them away.....

With a fully diluted base of almost 400 million shares, only 50% interest in that solar project.....it will be lucky to stay around this price for the next 6 months.

With zero net current assets, now they raise $ 30 million to part finance the expansions that needs $120 million, or half of total of $240 million.......even with 50% borrowings, there still need to find another $ 30 million.

Implementation risks are still high, the Taiwanese control the pricing and all major players in this sector not doing well......not worth it.

I am sure I can find better deals.

Some say there is this quota system that depends on who can bribe who in this industry.

Posted by ronnietan > 2016-02-22 15:31 | Report Abuse

It would need nothing to go wrong, like prices of solar cells dropping, because its debt gearing would have gone ballistic.
Like Hevea, Mieco, Carotech and LCL before, with too rapid an expansion with high gearing, any adverse change in business conditions would place great stress in the company.

Posted by Desa20201956 > 2016-02-22 18:55 | Report Abuse

Management could have taken everyone on a ride with the warrants, the private placements.....and all these good stuffs for a group that has never seen good times before.


Management harvest one round first....then only your turn.

Posted by Desa20201956 > 2016-02-22 19:00 | Report Abuse

5 lots is 5 lots too many already lol.

Posted by Icon8888 > 2016-02-22 19:20 | Report Abuse

Typical accountant... Front of the Ship scare ghost, back of the ship scare thief

Posted by Desa20201956 > 2016-02-22 19:40 | Report Abuse

icon...this one I sure.

5 lots also 5 lots too many already.


did you account for all the accountant issues....like warrants, tax, minority interest, private placements?

but also mainly, don't like guys who harvest even before the tree bears fruit......like those businessmen who go out to buy Mercedes even before the first sales comes in.

plenty of better deals out there...just got to look.

Posted by Desa20201956 > 2016-02-22 19:44 | Report Abuse

copy this down and review rest of the year......it will be educational.

Posted by Desa20201956 > 2016-02-22 19:47 | Report Abuse

why those guys issued those warrants last year?

they all think warrants are free money and wanted the free money.

all the lousy companies are like that one.

Posted by Desa20201956 > 2016-02-22 19:59 | Report Abuse

I may be accountant....but sometimes I think my timing skills even more developed than my fundamental skills.

looking at the charts, I can feel it in the bones that Keinhin was coming and then it comes................

happens too often to be coincidence. lol.

Posted by manimaniONGG > 2016-02-22 20:02 | Report Abuse

Zzzzzzz. *vomiting*
Zzzzzzz

Posted by Icon8888 > 2016-02-22 20:08 | Report Abuse

u have to stop cooking up all kind of hypothetical negative scenarios to scare yourself to death

ghost don't scare you to death, you scare yourself to death

accountants are like that - I have said it many times...



Posted by Desa20201956 > Feb 22, 2016 07:40 PM | Report Abuse

icon...this one I sure.

5 lots also 5 lots too many already.


did you account for all the accountant issues....like warrants, tax, minority interest, private placements?

but also mainly, don't like guys who harvest even before the tree bears fruit......like those businessmen who go out to buy Mercedes even before the first sales comes in.

plenty of better deals out there...just got to look.

Posted by buddyinvest > 2016-02-22 22:21 | Report Abuse

Retiree have only 5k tekseng? Better report to work tomorrow. Work for kyy ok

Posted by Desa20201956 > 2016-02-22 22:26 | Report Abuse

Right....5 lots is 5 lots too many already.

Changed my mind about them after reading more about them.

Posted by Desa20201956 > 2016-02-22 22:28 | Report Abuse

Let's us who gets bragging rights over this counter in future........

Posted by Ven Felix > 2016-02-22 23:03 | Report Abuse

Here, Tek Seng is looking into ' Vertical Integration to furthur enchance competitiveness & values for the entire supply chain ' ,,

( doesn't it sound familiar with EG lookings into Vertical integration services ? )

..An far sighted industry player always look things beyond.
TS Solartech is not satisfied being only a manufacturer of solar cells & modules.
Then, accountant will check thoroughly on how much ' flesh & blood ' needed for such a
projects.

Desa never understand it, untill Tek seng make it out.
http://bursadummy.blogspot.my/2016/02/tek-seng-turning-table-around.html