Gpacket coming result will be like Axiata, One time big write off or impairment. Look at what happen to Sapura Kencana Cash call. Gpacket also asking for capital reduction.
I've sold some as I need cash for right issues. Maybe I will sell all and move to OKA. OKA give bonus and dividend.
The best part of this counter is always got many so called good Jv and investments and before the news announced it share normally goes up 5 to 10% but then quarter after quarter, it still making losses... The big boss shareholders have sapu 2 rounds of private placement in March and April at about 20 sen so they are making a lot money at this level 40 sen and asking you subscribe their shares at 35 sen. Good luck.
I bought GP more than one year ago because of the optimistic predictions by the CEO. Since then quarter after quarter the results are heartbreaking. I am losing confidence now, so I sold half of my shares at 44 recently, I should have sold all. Sighed.....
Way back in 2009 when they launched P1 Wimax they predicted that it was a game changer for GPacket and telecommunications industry but it turned out it was a bleeding machine that sucked them dry ! CC Puan and Tan Kay Yen are truly optimists even in the face of operating loss, quarter after quarter, year after year, they still put on brave face and forecast better times ahead ! Maybe They Have A Dream as espoused by Martin Luther King...Hahaha
Gpacket talking turnover more than 10 years already until own building need to be sold and rent back to pump the cash into the company. Avoid this type of company better.
The only quarter that GP made money was when they sold P1 Wimax; resulting in accounting extraordinary income (only on accounting and no physical monies involved)
Gpacket Loss 10 millions. Continue losing for so many years. Good luck for those still holding. Investment in G3 also failure. G3 every quarter losing money.
Loss again... this time all 3 core business are deteriorating; communication business registered a lower profit of only 0.5m whereas the Digital and Software Devices registered a much lower turnover and higher loss
CC Puan hiked up to the Himalayas to do some meditation and maybe some kind of ritual cleansing but it's no help in the financial results.. ... GP is still bleeding profusely
It will tahan at 35 sen before the right issue ex-date and let's the diehard fan to subscibe the RI and that it.... this counter is goood for trading and speculation bcos of its volatility.
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....
jordanmaggie61
1,894 posts
Posted by jordanmaggie61 > 2018-08-24 09:55 | Report Abuse
Yahoooo ! Good profit tho, can spend more already kikiki