As fr the annual report 2015: the total consideration of RM43,884,000 of Agarwood Sale and Cutting Agreement (one yr term) ended on 23rd April 2016 then the profit may also book in next qr ???
1) From administrative fee from 4.3m to 2.9m. This can show how management work so hard to reduce the fee that reduce the expenditure from various perspective. 2) Land held for development worth 100m ! Just imagine how this bring profit to company when start to undergo development. 3)cash :15million 3) Bangladesh turn profitable but indonesia turn lost and Malaysia still core losing
there r still many good counter to invest outside.
selling assets or propose right issue just to cover the loss is not a good sign.
58m bought and sell 62m after 8 years. after deduct interest paid to bank is almost no gain. some more u need to pay on maintenance or etc operating cost within these years. it is a bad deal.
killing goose will only stop u from getting eggs in future.
8 years accumulating loss but director r getting huge bonuses. selfish management. they only take care their own pocket.
just beware of sudden drop. Normally they will announce some bad news after enough disposal. then they will grab back at low price. typical crocodile style. penny investor pay the bills.
distribution suspected...(1)strong buy queue at 3.5...(2)buy 4sen then attract retailer/trader to buy...(3)then slowly dispose when 4sen hit the buyer side..(4)then buy again to make it looks like strong buying interest and dispose at the same time..(5)repeat this for days and ta daaaa u can read director dispose millions unit at 4sen ..who buy and who is left behind? (6) WHAT'S NEXT? up or down??
if you checked the previous yr, they did buy the shares much more then mkt price; ppl also kept comment why so silly. Till today can't find the answer??? (Off market transactions)
This is happening becoz the minority shareholders r not protected by Security Commission, its time, we write to d SC officer n complain. There was always talk of protecting d minority but nothing seems to happen. What is hoing on is ridiculously nonsense but it may be within d law but where is d logic....!!!???
As at 9 April 2012 Rule 700D-1 RULE 700D OFF-MARKET TRANSACTIONS
Rule 700D.1 Prohibition on Off-Market Transactions Except as provided in Rule 700D.2 or otherwise determined by the Exchange, a contract or transaction effected by a Participant otherwise than in the normal course of trading on the Market is prohibited.
Rule 700D.2 Exceptions The prohibition in Rule 700D.1 does not apply to the following transactions: (a) any Exchange of for Related Positions made pursuant to Rule 700B; (b) any Negotiated Large Trade made pursuant to Rule 700C.
Rule 700D.3 Deemed As Principal (1) A Participant is deemed as a principal to a transaction made pursuant to Rules 700B or 700C and neither the Exchange nor the Clearing House is obliged to recognise the interest of any third party. (2) Nothing in Rule 700D.3(1) shall affect the rights of a Client to take any action or commence any proceedings against a Participant.
maybe right hand to left hand (same person???), if you look at the volume for trading @0.035 only very small volume done. For me , I think the value for this stock should be more then @0.045????!!!!!
brother, you look for lower price to enter ; I hope for higher price let's see how the stock react ??? I intend to hold, my 1st batch entered @0.045 ; 2nd batch @0.040 if happen it goes down, I won't buy ; but I want to hold ""ONE DAY SURE UP'''
My 1st batch of enter also @0.045. I still +ve with this stock as I see the intense pressure from the management to improve their financial position. By cutting down administration cost and etc. Unlock 100m land value. Lets see lah. Invested nearly 6k only. worth to risk
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question_mark
23 posts
Posted by question_mark > 2016-05-27 17:05 | Report Abuse
check RA on 23 feb 2015.
who dump and who collected? now who is loosing money?
throw while still had price.. director wont dispose for no reason.