Dato Fong, you are also here?! What a small world! Hey, you didn't miss out, this is just the beginning. I message you later, we pakat to sapu together but wait first, not now. I whatapps you in a short while.
You pretend you know each other long time, but your online accounts are just created new lah. Like new born in JUNE. haha
Don't pretend to know each other. If so good with each other on WhatsApp, just talk there, don't need to fake how close you both are, on internet here.
My guess, both accounts under the same big buaya .... Let's just sapu the shares up, and we would call you as Datuk and Tun then. haha.
Lol sftong2000. i wonder why everyone is so happy with the results. Yes this counter has been doing medical and glove business for many years.
And looking at the latest quarter results- close to 10m loss in 3 MONTHS even with these customers. NSK took over at least 2 years ago and I believe its been losses all the way as well.
Sftong, you have the best imagination in the world! Crazy ahh, need to create two accounts for what lah...! Aduh, i just can't stop laughing! No rush to buy now, let the price adjusted a bit first then we sapu later! Best if we can sapu together to up the price, will update you all soon. Remember, we are in the same boat.
NSK has been 100% in control of the company after getting rid of the Tony Lee and his incompetent management team 2 years ago. Check out all the meeting minutes where the old management was voted out in mid 2018. In their recent prospectus, they even successfully sued Tony Lee company (Superior Smartech) for some wrong doings during his time in charge.
But look at the current results since they have taken over. You can attribute the losses in the first 2 quarters of 2019 to Tony Lee (-7.5m) but since then its an additional -26m in losses. Currently they are suing one of the major glove manufacturers (WRP) which have been with them for many many years. What the point of having many glove manufacturers as clients but still lose like crazy?
"NSK has been 100% in control of the company after getting rid of the Tony Lee and his incompetent management team 2 years ago".
Yeah, but I think the NSK retail grocery business is NOT yet included in the quarterly report. Versatile may count business with NSK, but NSK retail grocery is not in the report I think.
The old management is ousted, but I wonder if they still have significant sharesholding in the Versatile. So it's hard to goreng?
Yes NSK grocery has not been injected into the listed vehicle. I wonder why? The bad news is that this business model looks broken since their gross profit is pretty low and their costs look very high.
Good news is that they must have good reason to keep the share prices at a certain level. Maybe their shares being pledged to the bank for loans? Only problem is when these guys goreng punters never get the benefit of the information beforehand. Don't forget the previous know nothing management did goreng the share to 1.50+ range at one point. But happened too fast and only ppl in the know benefited, So how lucky do you feel?
Royal Expert, I see your bangalow already shrink to just concrete floor on the ground lah. haha.
Seriously, you have been telling us to SELL since $0.38 because of bad news. Market also expect bad news due to MCO, but Versatile has been going up. Many are missing the boat leh.
If you cannot push it up, then can you push it back down to $0.2 during Covid19? We are all wanting to Buy Low Sell High.
damn weird..how come tis company not performing well result but can naikk..reli no eye see.dun tel me tis like the nex permaju or focus..already control 99.adui
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....
fong6368
25 posts
Posted by fong6368 > 2020-06-30 11:33 | Report Abuse
Aiya....I miss out this Bungalow, villa, alphard... all these goodies dy ... ☹️