Posted by ks55 > Oct 30, 2014 05:35 PM | Report Abuse X
Another ship sails to holland. Read carefully 2013 Annual Rpt to find out why :-
#For the financial year ended 31 December 2013, the Board of Directors is not recommending any declaration of dividend. The level of dividends to be declared for FYE 2014 and future financial year would be determined by the Board after taking into consideration the performance, cash flow position and financial requirements of the Group a swell as the prevailing economic conditions.#
What does that means? Cash flow problem? Cash and bank balances is rmb 501 million Total current asset is rmb 669m Current liabilities total rmb 124m Long term liabilities nil
Again read carefully:- Revenue rmb 712m Inventories, at cost is rmb 24m
Don't tell me all are produced just in time for delivery??????
If this set of account can be trusted, all creative accounting can be deemed to be accurate and factual!!!!
Don't wait to receive free warrant. A cheat is a cheat!!!!
Why nobody notices there is a big off-market transaction in this stock?
80 million shares were transacted in a Married Deal. A Married Deal is an off-market transaction done by the same broker, acting on behalf of both buyer & seller.
80 million shares are equivalent to 15.5% of total shares of MSports, hence a new substantial shareholder will emerge & he/she will need to report in Bursa Announcements within a specified period.
I wonder who will be the new substantial shareholder. If it is a famous Malaysian investor then the price may fly, if not people will be even more suspicious why the controlling shareholder want to sell shares at such a low price (RM0.11) while there is more than RM0.60 net cash per share (fake cash?).
I just checked 2014 annual report there is a new shareholder LEE See Jin(NTPM CEO)just bought 3 million shares this year. Is he buying more from Lin Huozhi?
As contrarian, when people sell cheap I buy more today at 11sen. So far Msports never report loss. Young people also can retire why not old people like Lin Huozhi?
That's why we must welcome a new boss. Old boss(Lin Huozhi) doesn't do anything about the cash hoard. Hopefully with new boss taking over he can declare dividend.
Strangely all the controlling shareholders of China based listed firms in Bursa Malaysia were cashing out? No announcement of new major shareholders except change of directorship? Are we missing something?Look at XDL, Xinquan & Msport??
come on, please read carefully, Mr Lin Hou Zhi just sell his direct holding share to his controlling company Power Wide Holding Ltd just like left hand to right hand only. The issue shall be more concern is why they proposed for capital reduction? if it exercise this and it declare a cash equivalent RM500mil in the company, then any cash capital return to existing shareholders?
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....
Chinaboleh
687 posts
Posted by Chinaboleh > 2015-06-05 12:01 | Report Abuse
Coming AGM(22nd June) should propose free warrant like XDL to make it go up?