this company directors can be sued for misleading shareholders with intention defraud majority public investment. virtually all money raised were transfered to Markmore with no returns or job progress.
Super solid price? This stock will be delisted soon. I dont understand y u still wan to gamble in this counter. No business for last quarter. Next quarter will be a huge impairment loss. The current and non current r faked
if the high volume yesterday was because of halim disposed, those who're still holding better dispose it i recalled someone was saying that the company still got nta 10cents per share, i doubt that the 10cents per share including their existing lawsuit do remember that sumatec is still under several lawsuit, if they lose (which is very likely will happen based on the fact that halim is disposing), they'll have to sell all their asset to settle the debt
You are right. If Sumatec lost all the court cases, have to pay 340 million. Provision 96 million. Shortage = 244 million. NTA 0.103 * 4253 mil share = 438 million 438 million - 244 million = 194 million 194 million divide by 4253 mil share = NTA 4.5sen per share. Actually, it will be less than 4.5 sen per share, considering Sumatec asset are mostly depreciating assets and other factors.
halim just disposed 54m share @ 1cent yesterday and i doubt that sumatec even have 4.5cent per share nta anyway i've already cut at 2.5cents, just in time to run i've lost my faith after the recent quarter showing it has 0 revenue i don't see how it can come back at all with the current price, how much fund can it raise through pp or ri? this company is dead
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 660 views | 4 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 13796 views | 12 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Veron_teo
1,492 posts
Posted by Veron_teo > 2018-12-20 13:54 | Report Abuse
delisted soon