The management gives you the standard con job statement about the positive outlook and able to enhance value to shareholders, what a joke....Lol they did even bother changing it every quarter.
This company preaching transparency and good corporate governance but so scared to disclose details of published information. Try to get away with bare minimum information. Ching chai poh chai ah pek company. They seems to be in need of cash for operations but they invested 15.5 million in quoted investment. Yet, the 10% share placement is kept open. The IT side contributes as much as the construction side yet they want to sell it. The management is a joke.
At the rate it is going, what makes you think the company will around in 5 years. There conditions to address this. Anyway iT contributes 500k each quarter, 2 million each year, is the CEO stupid or what? Invested 15.5 million into quoted investment obviously now a loss. Cant even generate a decent profit from the construction side. I wonder why? I hope the new owners sell off the company or at least replace the dumb CEO
The other stupid thing is that they place their funds into funds managers to invest which I am sure they are hit by the tidal wave hence another loss. Yet they mentioned in need of cash for operations, well they have a strange way of conserving cash ....by wasting cash
Cant get more stupid and useless as this. Private placement of 10% private placement for 2.6 mil ????? Unnecessary dilution of shareholder interest. Their car HP is almost the same amount
No worries. Last time nobody wants the 1st 10% private placement when their cap was 162 million. Now who would want a non performing stock when the 10% is 31 million. There is no liquidity. Cant even sell. Stupid management.
Stupid management pay 47 thousand to try private placement again. How incredible moronic. I wonder what the group of private placement buyers who bought at 24 cents are going to say.....
1st try cost 50 thousands 2and try cost 47 thousands. This company used to be Forbes top 500 companies. Now 2 years under new management, no dividends who wants? Stupid management no logic no sense
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
TianTianHuat
609 posts
Posted by TianTianHuat > 2019-11-15 16:52 |
Post removed.Why?