One of the major shareholders bought at 10-10.5 sen n the market is trading at 12 sen which is still not very much higher n I think it won't go down lower than 10.5 sen so friends please use ur judgement when trading.
looks like this grand child must be more careful, can luke warm up shrs but nvr do enough due diligence in irm, sack her adviser and go to a more thorough one.
come to this forum better free advice, as advised yesterday go into oil spill cleaning, todayThailand got big oil spill 50000 barrels leaked into sea. time for flonic to do the cleaning up ask for uS$, if Thai baht, bring back the chemicals
see lah, if nagendran is smart he will whacked or short the shr dwn to 7 c panic all traders into selling to him, buy from u all will be too expensive. in shr mkt, expect the unexpected
Nalla, vinvin..try to not speculate whether they are trying to pump and dump or trash and cash. Either case is against BM regulation one. Agree? I oso see that the company is proposing par value reduction wor and 1 shareholder already sold 20M shares. And the new shareholder with 6.72% is also the spouse of exec. chairman/exec. director..they are connected loh!!
Just to let u know, I bought 200k for 0.135 and deciding whether to average down or not. News very confusing and contradicting..I can only hold on to my paper loss now..:'(
Nalla, company cleaning is for equipment (using ultrasonic or solvent based type cleaning) and cannot use for oil cleaning. These cleaning applications for equipments cleaning only. I know this because I oso work in oil and gas company related to oil rig business in SG. Only a few certified oil spill cleaning companies with large vessels to skim oil from surface can do the job and involve companies using sorbents. Both suck up oil from the surface of the sea..
Dnt average dwn , shrholdings too fragmented, throwing names here and there means they want to entice punters and trap them. Company got no real story yet. Why should Nagendran comes to this troubled co and turn it into a O n G play when he has to shr control with grand daughter of TCMH. doesn't sound logical. How miuch money can this grand daughter mobilize , 100 M ? doubt so
That's too capital intensive, Flonic cant afford it. with modern technology, they pour chemicals to break up the oil slicks so let the waves and microbes break them up , cogulate them and sink them before they hit the shores.
TCMH have huge family members even at 2nd generation levels, I even went to school with few of them. Nissan car sales not exactly roaring and they gone thru a inter family feud so how much free cashflow can trickle dwn to 3rd generation probably wont exceed 100M. Their land holdings are very prime but that's illiquid
Sorry didn't go to school with him, but looks like he's using her heirloom to bolster his control. They hv to do real business like oil spill cleaning bizness where u can charge the sky, don't muck around with advisers who's young & brash and with half cook plans and no follow up and no exit strategy, trap punters and trapped herself in
Hi Nalla, your analysis sounds reasonable. This counter was sleeping for the past years and as soon as the company have huge losses and par value reduction, the shares starts going up and lots of shareholders come. Is she trying to use her name as the grand-daughter and connections as a member of TCMH to prop up her husband's company? And is she in for long term or just to.......Let's hope price stays or else this TCMH will also be dragged in to the story. I am still waiting to get rid of my 200K shares...as of now, pricey lesson, praying hard..:S
Nalla, from my experience to clean oil spill is not easy. The most important is that the slick must not break up or else will be very problematic. Normally, cleaners will deploy floats to contain the slick and use vessels to suck up all the oil. Once break up or reach the shores, then will have big environmental issue and cleaning will be problematic.
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....
williamtan9108
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Posted by williamtan9108 > 2013-07-28 18:36 | Report Abuse
Thanks for the sharing=) will see the following weeks see How's the trend going ;) anyway, I'm still holding ^^