Bad result shows bad management 1. Operating expenses more than Revenue !!! 2. Severe Negative cash flow thus need borrow more debt 3 Segment Retail - 50m to 46m Property Development from 26m to 9m
the management also super sneaky. in order to make their books look good. every monday or fridasy they will purposely buy just 10 shares. the bare minimum at the highest price of the day. Usually during closing, such that the ratios look nicer for the annual report.
despite losing money they still wanna offer dividends. Usually this behaviour is ver prevalent with a) Old managemnet b) stingy and people with zero vision c) do not trust developing talent d) already made enough thta they wanna milk the cow. e) risk averse
Further to drkervokian's observation, WingTai management has chosen AGM venue so far away so as to deter would-be complaining investors to attend. Why can the Board choses a place nearer to KL?
For Ryan88, if you can sapu 500k, you can prosper by RM1.80-RM1.53 = Rm0.27 x 500,000 =RM135,000/- instantly, In reality, no one will sell his shares at this price. Perhaps at RM1.75 tomorrow. This is just my opinion.
Who are the buyers (over 12 million shares) for RM1.78? Why must they buy at this price, knowing very well that controlling shareholders only pay RM1.80? Could there be a possibility that the buyers actually belong to controlling shareholders!! The next question is: Should we sell at RM1.78-1.79??
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 5727 views | 5 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....
Ah Ha
905 posts
Posted by Ah Ha > 2015-02-22 07:16 | Report Abuse
margin is higher.. OSK change from sell to hold.. must be something... good..