tan sri.this counter boleh harap tak?other counter tan sri semua boleh harap .why this counter very year rugi besar .weare small share holder ..adoh doh mana boleh tahan.
With the private placement, as stated in the announcement, company will have cash to start running it's operations above the break-even point. There is no guarantee that this will turn the company around. Green Ocean blames it's trouble on a fire that occurred in November 2011. But if one would study it's financials, it has been making losses since 2009, two years before the fire broke out.
The new directors have done a lot to reduce cost and loan their own money, interest free, to keep the company running. My concern is that the current depressed prices of palm oil, increasing competition, recent minimum wage, increase in electricity tariff etc. Can they turn it around even with the additional funds?
My strategy would be to watch this stock over the next 2 quarters, if figures look good, than buy. Higher than today's prices also ok, better safe than sorry.
But if you treat KLSE as a casino, there could be an initial increase based on the news of the corporate exercise and turn-around strategy. Than the strategy would be to go in, up a bit, and sell.
2 yrs too long lah. hopefully the price will shoot up within 6 mths to 50 cents. this is possible if franke tan willing to injecting his private co into goocean.
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....
eu7985
1,086 posts
Posted by eu7985 > 2014-02-19 22:28 | Report Abuse
Wait lo, as it look like wont reverse, strong support 0.155