Don't listen to all the trolls including Alex Chan. They have a different agenda and they have always been wrong in the past. SEAL's management is suspect though. Stick with the FA. Resistance today is at 1.13 and main support is at 1.05 according to my charts. It closes at 1.13 today, likely to go up tomorrow. The main problem with SEAL as with at least one other prop stock, is volatility of revenue quarter to quarter. I believe Blogger Ben Gan has evidence to back his pump-dump-buy scenario. The extreme reversal of results despite SEAL's management's positive forecast going forward is suspicious since forecasts for Prop companies with completing projects are quite accurate, especially for the next quarter. There is no reason for SEAL's management to be so wrong. This has lowered their reputation! Bursa should query them!
ups..my current thoughts - management intentionally booking lower on last qtr for:
i) opportunity of buying from selected parties (frens of CEO)...new secretary can be easily told to do.. ii) to show a much linear growth in future FY15 results compared to FY14
about management intentionally 'playing' shareholders may not be so true...as Chuah himself is the shareholder with more potential of earnings via his shares than CEO mthly income..and CANT allow his sales team to sell only 10 houses pert qtr..
Probability. 'Chuah himself is a shareholder...'. It will benefit him to pump-dump-buy! He is not declaring divvy. So he may augment his personal cash-flow this way! If want to 'linear' grow FY15 results, why the spike in earnings in Q3?! The evidence points to Gan being right! But if so, the FA appears still intact since management is hard put to tamp earned profits down next quarter, and certainly not two quarters in a row!
Probability. Also if to show linear FY15 income, it's a very stupid way to do so - at the cost of RM40-50 million in lost market capitalisation and gain a dubious volatility in share price, not to mention negative suspicions about the management. Bursa should query.
Buaya come back again.. Big shareholder want to push the price up and sell down again through the manipulated financial report. They started to buy lots..
RHB did have a report out on SEAL dated 11/6/14, which is between Q3 results and Q4 results.
Q3 actual results Revenue RM279m Profit attributable .... RM67m
RHB FY14 forecast Revenue RM292m Net profit RM56m
So it looked to me like mgmt may not have tried to manipulate?
I forgot about this report while SEAL was dropping but fortunately sold my shares at RM1.39. Only checked the report again after Q4 results came out. Phew!
Although I'm also confused why they gave this comment under Prospect in the Q3 results announcement :S
Barring unforeseen circumstances,the Board expects continued improvement in the Group's performance in the remaining quarter. The Group continues to focus on and enhance its main core business,while exploring for new resources to generate sustainable income.
unemployed, that statement Prospect - 'Baring ...' appear in every single quarter report. I think it's their company template but many take it too seriously and feel cheated
it will rebound back 1.30 anytime.. this might failed those people who spreading shits around saying it will drop below 0.80 to 1.00. Jokers seems moving to another stocks and spreading negatives news again .. lol
wakakakaka. This is what you call payback time. Those empty vessels make so much noise now need to shut up. Drop a little run away because underwear or pants already wet. Long term holders no need to worry. Surelaugh now where the hell are you!!!!!!!!!Die already like Optimus or optimouse!!!! Wakakaka
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MQ Trader 3089 views | 2 d ago
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surelaughnonstop
35 posts
Posted by surelaughnonstop > 2014-09-02 19:23 |
Post removed.Why?