Even the amendment announcement is vague. Y can't they be more precise in announcing the amendment and indicate exactly the mistake in the earlier announcement. Guess the reason is bcos of goreng and profit & loss r not so simple like a single deal. So such deal is questionable, sometimes...
choo2train Seacera sudah beli is confirmed only what price they paid. Sure cannot be 0.48 like you calculate make sense?
choo2train Even the amendment announcement is vague. Y can't they be more precise in announcing the amendment and indicate exactly the mistake in the earlier announcement. Guess the reason is bcos of goreng and profit & loss r not so simple like a single deal. So such deal is questionable, sometimes... 08/11/2019 11:47 AM
Everyone knows Seacera has negative working capital which is what the auditors mentioned. Fintec is obviously going for the non current asset which is the land. Seacera has a net total asset of RM703 million vs their current cap of RM158 million. That’s a staggering RM545 million. The net asset per share is RM1.47 vs current market price od RM0.33. Whoever controls the co can strip of the assets and sell it aways. I guess that’s what Fintec might do.
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stncws
10,704 posts
Posted by stncws > 2019-11-07 20:13 | Report Abuse
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