Other investments : RM88.62 million Cash & cash equivalent: RM75.78 million reserves :RM120.78 million No borrowings Cash on hand stands at RM0.82 (excluding one off provision on power generation business) Still feel save to invest due to cash rich company with zero debts
SAPNRG...Top 5 HOLDING...NOW 96.5c DOWN 21% in ONE DAY...an instant half a million+ HOLE if they're just holding 1m shares, which I believe it's more than that!!! :)
Ppl forget that this stock is a boring stock that has never risen very much ever since it crashed in '98. The price was stuck at around 50-60c between 2009-2014!
Something may happen in the near term,either major shareholder Foong brothers may joint equity venture capital firm to take private like Hovid or propose for bonus issue Other investments: RM 88 million Cash and cash equivalents: RM75 million Reserves:RM110 million If all convert into cash,then total net cash equivalents RM273 million/200 million paid up capital=RM1.365/share
What lousy management! Chem biz in sunset yrs dabble in stocks & pick stock like Sapura Energy @ 1.40-1.50 for their portfolio! The market is voting with their feet - many many stocks up but this one STILL DOWN!
will see, i dont think the board of directors even know about this, you will surprise they just simply loan the money without knowing much the power business in myanmar
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....
YuckyChicken
53 posts
Posted by YuckyChicken > 2017-11-30 17:22 | Report Abuse
more pakat pakat is going on, this time 83.5 sen, more than my price, but it close lower. if chairman buys 10% more may have impact on share price.