Hw, question for gaspman: quarter loss rm28mil is not entirely from asset impairment of rm20.69 because they also revalue the land and revaluation surplus rm15.33mil, thus net loss from revaluation only rm5.36mil. So, why still have quarter loss of est. rm25 mil??
fear is major share holders throw in the towels. they bog at 0.15. and if they are to sell all at 0.40.... They still make huge profit.... trade cautiously.
they lend ircb some millions. aren't they planing some corporate exercises to get back the money worth-shares or something else? they are businessman. not doing charity works. .. so what's their next moves?
Profit taking, bought at 13, switching to other stock. Very weak balance sheet. Still need to repay 44.8 mil loan in less than 8 months. If another rights issue, earnings will be even diluted! The current sh price is not reflecting the real value of the co. NTA only 0.03. Very risky.
I am uncertain,to sell or keep bought at 0.53 mother share & 028 warrant,get from reliable source it will go up to RM1.00.Can someone give opinion or advice whether to cut lose or wait. no liabilities or claims in your part.Thank You.
Still Long wait for Pn17 to be lifted. They hv up to end of 2013 to submit regularisation plan to bursa and then few more mths wait for approval of plan, implementation and approval for lifting pn17. May be end 2014? Now,serious problem is last 2 qtr still loss, how to plan for recover? How to convince bursa? Guys, Be cautious!!
I see that there are 2 parties with total diff direction here. 1 - believe that the comp will b able to turnaround (but not supported by any data) 2- continue to warn us to look at the losses. it's widening. (with solid data)Continue
so, how? for team #1, do you mind to tell if you know smthg that is not reported? I mean, the reason why you think we shd collect & wait?
I'm actually holding a lot of ircb since few weeks ago, as hoping the result turn out to be good. But instead of improving, we see a deeper cut. still bleeding now.....
Read the announcement dated 30/9 multiple proposals? Capital reduction and combine two in one share of 10 sen each; capitalization of directors' advances; these may points to further drop of share price to 20 sen, I believe?
This stock traded less than 20sen until July for this year and moved up in Aug and Sept to high of 55sen with losses in performance reported. Looks like this is going down to below 10 sen just before the completion of the restructuring for this to price at 20sen after this?Mind you this stock was traded to 8 sen 31/12/12. Unless you know the minds of the interested party, the play will be both challenging and damaging. Who knows??
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Posted by yusriy69 > 2013-09-27 11:06 | Report Abuse
you need to understand how market makers distribute. Get out the first time you see the sign especially this high risk stock.