GLOBAL ORIENTAL BERHAD

KLSE (MYR): GOB (1147)

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Last Price

0.18

Today's Change

-0.005 (2.70%)

Day's Change

0.175 - 0.18

Trading Volume

270,400


18 people like this.

5,436 comment(s). Last comment by kancs3118 2 months ago

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-10-10 10:17 | Report Abuse

rubbish stock to watch ?!

Posted by Steven Lim > 2016-10-13 21:09 | Report Abuse

something coming today....!!volume increase when closing......!! beware going up....!!!!

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-10-14 14:28 | Report Abuse

rubbish company to trap victims

rogerlth

95 posts

Posted by rogerlth > 2016-10-18 07:50 | Report Abuse

This counter same as Bjcorp, big earn but management make the account lost. Don't park ur coins on un-trust management.

Do u hear a big lost after sell asset?

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-10-18 12:14 | Report Abuse

it will only keep going to making loss...this management team can't trust...

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-10-18 16:52 | Report Abuse

Super rubbish management

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-10-27 11:08 | Report Abuse

Coming quarter report definitely will make loss again and will down to 25sen...

Posted by huruhara > 2016-10-28 16:49 | Report Abuse

sprigville hand over on May, galleria now 70% completed.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-10-31 15:41 | Report Abuse

25 sen is coming.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-01 08:04 | Report Abuse

http://www.enanyang.my/news/20161031/【独家】冷眼盈利增加股价走高br-找有两个引/

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-01 08:05 | Report Abuse

Avoid property n oil&gas stocks, especially lousy management stocks, such as gob.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-01 21:59 | Report Abuse

Desmon lim has abandoned gob and jump into Wct, better run from this stupid company which continuesly making losses company.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-02 10:07 | Report Abuse

wct is up up up, but gob is become rubbish

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-03 13:36 | Report Abuse

Even with other good management property company their investors has in dilemma to keep or sell. So with this kind of balia lousy property company such as Gob, of course no need to be hesitated to immediately sell it out. Sure, you wouldn't keep rubbish right? !

kancs3118

2,122 posts

Posted by kancs3118 > 2016-11-03 18:42 | Report Abuse

Hopeless company with phariah management making a mockery of corporate governance ....... Only know how to do cash call....and then dispose Batu Kawan land for pittance on the dollar....sort of launder monies via setting up a few fronts known as F&B business and make it lose money and destroy shareholder's wealth....thank God..I cashed out everything at RM0.60...

Just an advise...don't ever believe in Desmond Lim and all the companies linked to him ....avoid like a plague...I am not touching WCT even with a 10 feet pole...

Beware Desmond Lim counters...enough said

mani_cum

265 posts

Posted by mani_cum > 2016-11-04 00:57 | Report Abuse

Davidkw79, have u totally dispose this so call rubbish stock already? The reason i ask so is be'cos u seems to have plenty of shares to unload by the way u asking ppls to sell everyday.

A glance thru my record, its seem that i sold at RM.0775 (13/12/2013) and the price traded today bet 0.305 ~ 0.315, definitely attract my little attention. ( 60% discount )

Market always presume that this ctn is link to Desmond Lim because Dato Choo Chuo Siong ( Pavreit Director ) has emerged as substantial S/Holder on 9 Sept 2014 with 14,900,000 shares.
Recent cash call announcement suggest Choo did subscribe more than 100% r/issue with current shares of 36,048,800 (7.9300 %). I have no idea its Dato Choo own decision to invest or pay by Desmond to be his proxy in GOB. With Choo holding of less than 8% and NOT even sit on the board, TS could dictate the direction of GOB?

http://www.thestar.com.my/business/business-news/2014/09/10/choo-emerges-as-substantial-shareholder-in-gob/

Although Da-Men mall dispose did not result in big profit but it mange to unlock a big cash pile.

http://www.focusmalaysia.my/Mainstream/Desmond%20linked%20%20to%20USJ%20mall%20sale

If exclude ALL assets own by GOB, the recent right issue amount rise is already very close to the market cap of GOB today.

FYe2016 overall is still a nett earning of 9 cents per shares.

I don't see any needs to sell this cheap.

alvinchiam

1,555 posts

Posted by alvinchiam > 2016-11-04 05:43 | Report Abuse

sell

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-04 12:05 | Report Abuse

Dont talk about its right issue, just speak of its performances bro...it is continuous losses making.

mani_cum

265 posts

Posted by mani_cum > 2016-11-04 14:47 | Report Abuse

FY2016 : -
1Q - +17.33 eps
2Q - ( -2.85 )
3Q - ( -4.66)
4Q - ( - 0.68 )
Overall = +9.15 eps

FY2017 :-
1Q - ( - 3.02 ) eps

Its not right to conclude GOB FY2016 is a lost making year. Generally every 1 knows property sector is enduring a downward cycle , thus a reduction in profits is common for the industry. Market had also react whereby GOB market cap has been reduce by half which i deem harsh and over react.

Lets compare with Ivory Properties Bhd which both under property sector, same par value ( 0.5 ) , very close share issued and register an overall of 2.56 cents eps for FY2016, then u will know how oversold this GOB is.

Back to TA, for the past 10 years RM 0.30 is always a solid support price and launching pad for price to reverse trend except in 2008 ( collapsed of Lehman Brother ) where it recorded a lower of 0.25 cent. I believe this time there is no exception also and the golden question is when.

Acceptable for current shareholders not to pick up extra, but definitely a NO NO for asking them to sell at this price. Akin buy at 0.5 and sell for 0.3, whats the logic here. TQ

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-04 14:48 | Report Abuse

Q1 just because of selling land. All the rest, loss making.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-04 14:50 | Report Abuse

If you still holding it, better take my advise sell it imediately, no point to hold it.

mani_cum

265 posts

Posted by mani_cum > 2016-11-04 14:56 | Report Abuse

Of course i know what happen in Q1. Property counter can only sell house, apartment or condo only can be consider profit. Land can not ka bro??

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-07 11:14 | Report Abuse

It just like if u fall in love with a shit, no matter how bad smell it is, you will still find thousand reasons to say it is fragrance smell. Just don't fall in love to wrong management company and wrong industry at this stage.

hng33

19,861 posts

Posted by hng33 > 2016-11-07 16:25 | Report Abuse

bought back GOB at 31.5sen

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-09 11:10 | Report Abuse

29c is coming.

hng33

19,861 posts

Posted by hng33 > 2016-11-10 16:14 | Report Abuse

bought more GOB at 30.5sen

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-14 11:15 | Report Abuse

wah... lousy stock didn't down lei...

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-15 16:47 | Report Abuse

loss making result is coming

queenie91

58 posts

Posted by queenie91 > 2016-11-16 11:44 | Report Abuse

what is the TP?

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-16 15:01 | Report Abuse

5c

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-18 10:54 | Report Abuse

looking forward for its continuous losses result again

Posted by OnyxCapital > 2016-11-20 15:44 | Report Abuse

Main buyer found at 0.31 last Friday, seems like the upcoming quarter result is attractive

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-20 15:54 | Report Abuse

Yupe, result sure will. Be very attractive. Low revenue, but no profit.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-11-21 13:49 | Report Abuse

25 sen will coming

alvinchiam

1,555 posts

Posted by alvinchiam > 2016-11-21 14:36 | Report Abuse

sell

hng33

19,861 posts

Posted by hng33 > 2016-12-02 09:52 | Report Abuse

bought more GOB at 30.5sen

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-12-05 16:55 | Report Abuse

25 sen coming

mani_cum

265 posts

Posted by mani_cum > 2016-12-15 16:26 | Report Abuse

45 cent coming

Posted by Edward Wong > 2016-12-16 11:02 | Report Abuse

bottom...now...

mani_cum

265 posts

Posted by mani_cum > 2017-01-05 15:13 | Report Abuse

banker got enuff. Show time!!!

mani_cum

265 posts

Posted by mani_cum > 2017-01-11 15:16 | Report Abuse

Amount raised during recent right issue :

225 Millions new shares x 0.500 ( r/price ) = RM 112,500,000.00

Market cap as today ---> 150Million

40Million for the rest of the assets.............. dam dam cheap

pekor

159 posts

Posted by pekor > 2017-01-12 17:39 | Report Abuse

is this stock a value buy? way below rights price

mani_cum

265 posts

Posted by mani_cum > 2017-01-12 23:15 | Report Abuse

Hi! pekor, sad to hear u lose money buying Airasia. Lose money b'cos buying at high side. Try invests with buying when ppl sell, no doubt its takes time to realize profit but most important is the margin of safety.

Summary of GOB cash flow :

1) Cash on hand as of 30th June 2015 = 79.7 Millions
2) Da:men disposal = 488 Millions cash
3) recent r/issue = 112.5 Millions
4) Borrowing as of 30th June = ( 270.8 Millions )

Kindergarten maths 1+2+3-4, and counts other land bank and complete unsold units as freebies.

Ask yourself , do you belief money will evaporate???

mani_cum

265 posts

Posted by mani_cum > 2017-01-18 09:33 | Report Abuse

huat ah!!!!!!!!!!!!!!!!!!!!

mani_cum

265 posts

Posted by mani_cum > 2017-01-18 11:11 | Report Abuse

current price is pick up NOT selling. Wakakaka!!!

chankp7010

614 posts

Posted by chankp7010 > 2017-01-18 11:15 | Report Abuse

Rights issue at 50 cents last year concluded. Those investors that subscribed to the rights are now suffering financial loss. Lousy management and lacking transparency. Selling away Da'men can incur huge losses. China food business also incurred huge losses. Useless directors as well.

mani_cum

265 posts

Posted by mani_cum > 2017-01-18 16:35 | Report Abuse

rubbish suddenly become GOLD. Wakakaka!

John1234

2,020 posts

Posted by John1234 > 2017-01-18 20:22 | Report Abuse

Today, selected property counters are in play....

davidkkw79

5,068 posts

Posted by davidkkw79 > 2017-01-19 09:19 | Report Abuse

No fundamental to support it's price, all money will just go to management pockets.

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