I had made the same mistake of averaging down whenever the market turns back. In a nutshell , I made great losses even though the stock make a little gain but it just failed to get back my break-even price . It will be better to cut loss first and buy back when it has bottomed n price is picking up again. So u r in a clean slake n your price is not at the top or medium top either. When market swings to your advantage , u may recoup back all the previous losses. Just sharing..
The co incurred losses in 2010,2012 and 2015...Its projects r not performing either in this dampen property market . The management is not confident either but assured that 2016/2017 can make some in roads . Unless u r long term player, better invest somewhere n surely not this one.
Please advice! Those SIFU who know FA well: My way of looking at this company is
From Annual Report 2015.
cash/share = 42.9 cents D/E = 1.25 Retained earnings = 2.95 times Equity Profit/Equity = 1.83 Ecess Earnings/Debt = 1.70 Is this a good buy or Goodbye. Thank you to all Sifu on this forum.
Pondan_Ti, May I know what kind of announcement? Am considering whether worth holding on this counter. Appreciate if you can shed some lights on this counter.
you must be out of your mind if youre taking this retard seriously. I bought at 17.5c and still holding. Earn a bit take profit, Down a lot refuse to cut loss. Like that how to make money?
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Posted by gg123 > 2015-09-26 20:08 | Report Abuse
ivan 222, buy more to average down lor. first i bought at 0.33 ..now average down already