I like your excellent attitude. Do not act rashly without clarity. If heavy smog, haze, rain or snowstorm we should not drive on until there is clarity ahead.
So many here (more than 80% in i3) never bother to SEE CLEARLY before committing their hard earned money in many speculative and bubble counters.
it's quite incredible the company has been consistently loosing money since 2007. By any standard, the whole management should be sacked and replaced by a new team. If the asset backing is $1.27, then it's better the company find a buyer and liquidate this company. There is simply no hope or investor confidence in company who is bleeding every year.
I can't predict Cymao. Price has gone up today in the game of rotational play.
You see. Cymao qualify as a Net Net Value Investment because of its high NTA.
However,
it has not shown a clear turnaround yet. The recent report of zero log production means no clear visibility of profit yet. And with Accounting irregularity - things get murky.
But KLSE is dominated by 90% speculation - only 10% True Investment. So Cymao can also goreng upward like GPacket ( GPacket has no NTA and truly a pure goreng counter.)
Please do your own due diligence.
If no clarity better keep to Cash & wait for opportunities.
calvin no more here...safe to look into it again...hehe ...see trx this few days...got ppl or coma again... as above by calvin company buybck 36-39...can do as ur support price...wait at below...
Six companies trigger PN17/GN3 criteria Six companies, which accounted for 0.67 per cent of the total listed companies on Bursa Malaysia, have triggered the suspended criteria of PN17 and GN3 as at July 28, 2020. That consisted of five Main Market listed companies and one ACE Market listed company, respectively, according to Bursa Malaysia. "Apart from AirAsia Group Bhd, four other Main Market companies that have triggered the suspended criteria of PN17 as at April 17, 2020 were, namely Gets Global Bhd, Ikhmas Jaya Group Bhd, Khee San Bhd, and Cymao Holdings Bhd, while Bahvest Resources Bhd has triggered the suspended criteria of GN3," it said. However, Bursa Malaysia said these companies would not be classified as PN17/GN3 companies, and would not be required to comply with the obligations under the paragraph/Rule 8.04 and PN17 or GN3 of the listing requirements for 12 months, following the relief measures announced by the exchange on April 16, 2020. To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28, 2020, representing 2.89 per cent of the total companies listed on the local exchange during the period.
Everything will go back down when the dust is settled. The Taiwanese are exiting, selling the losing company to the local. Goreng high high for them to exit...
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....
calvintaneng
56,624 posts
Posted by calvintaneng > 2014-01-18 22:48 |
Post removed.Why?