Please read today announcement to Bursa by Perwaja and Kinsteel. Unable to release audit accounts by 31 Oct set by Bursa. Ask 14 days extension, but if cannot release by end of this week, both counters will be suspended from trading on 10 Nov. Suspect serious audit issues. Be careful!
PN 17 is definite for Kinsteel soon. When suspended, what happen to your share? Just look at the numbers in Star today: Kinsteel debts are even higher than that of Perwaja. Kinsteel (total borrowing RM1.95B, loss RM421.5m). Perwaja (RM1.37B, loss abt RM1B, stop operation since August 2023). Worst still, in Jan 2013 Bursa announcement, Kinsteel carries corporate bank guarantee if abt RM800M. It is all public information. My view, run now and still can recover some $.
Mercy will cause plunged down to 0.15 ! Our iron company in country all terrible financial deficit cause by ELECTRIC SUPPLY increased in price , the burden cost them mercy deficit in cost maintenance and also government leak innitiative to help them , compettition super great coz china iron trade in local market control 40 per cent market demand .
Tan Sri , Sri , Dato Sri all stand die wait for the slaungthering period ! They all are stand die watch the real show broadcast in front of them . Fated gone case .
Accountant also cannot finalist the losses , how to submit the report ! Wait for inject capital , otherwise same fate with lionind , plunged down to bottom , wait for miraculous happen !
Bank also predict scare to warn or take action again them , coz the top chair of banker will automotive remove by doing so , government also just cover both eye , because not ability to help , involve huge capital inject . U said if u are god , u also run away , god also not eye see .
Salute to our dear friend, active trader ! He tell u the truth ! Appreciated . at least he managed to give four letter word to show the colour to tan Sri . Not use human in earth , his oppinion . Active trader is our hero forum but after today he got to missing in forum also cos dirty word he put . Bye bye to him !
Kinstel under depressing , serious press by syndicate ! Foreseen the third power is control the game , later recovery swallow should be apply . Forecast by expert in sand field fighter .
Heard audited account cannot released after 4 mths because of a lot of shits by Tan Sri discovered by external auditors...Bursa cannot tahan also, give deadline to release the shit account by this Friday or gantung perwaja and kinsteel on Monday! When released, all rubbish surface, big troubles for him! PN 17 is very definite
Accomplice between inside and external to swallow a huge amount from company coz today mercy financial deficit by trillion , if me I commit suicide for being do so . Really sad ! Malaysia iron ind bad history !
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....
pdtan
608 posts
Posted by pdtan > 2014-10-31 02:58 | Report Abuse
There must be big significant volume, eg 500,000.... otherwise it will have to wait another one-two months....