Accounting delay is the management tactic to create fear so that syndicate can push low to collect cheap. Don 't panic. Hold tide . In fact,we should buy more if we have extra bullets. Just ridiculous to drop 33% merely on accounting delay.
why you think there is RM350 m in the account? What if there is no cash holding now. Why a company will hold such a huge money cash in the business? You read it at the accounting balance sheet man, now the accounting delay and you are still so cool. Salute 99
Do you know how many resignation in Msports or not? if there is a fraud in reporting figure, that is the cause for delay. You got 3 month to do accounting reporting and for so many years suddenly now only reporting delay? Who so stupid to sign for that? Even auditor also change kena changed. The new audit firm also duno how to express opinion now.
Why Taiwanese don't feel the same? They still pay TWD 2.65(pls convert yourself how much it worth in M'sia) for same company with same financial and operation. M'sian people too smart to sell cheap? http://www.bloomberg.com/quote/911626:TT
Another shareholder cutting loss today? You must miss recent news Lin Huozhi subscribing ESOS at 11 sen and Paramjit singh bought so much shares in Feb'16. Acctg delay only happen in Msports? How about CSL, Masteel or many others? Do they get delisted?
Posted by bearguy > Apr 26, 2016 12:05 PM | Report Abuse Do you know how many resignation in Msports or not? if there is a fraud in reporting figure, that is the cause for delay. You got 3 month to do accounting reporting and for so many years suddenly now only reporting delay? Who so stupid to sign for that? Even auditor also change kena changed. The new audit firm also duno how to express opinion now.
Technically ,this is just the last flush off. It is a trap for margin players. That is why Guru KC CHONG discourage using OPM to play. Any day can be a Black-Swan. Newbies should be thankful to Mr KC Chong for his write-ups.
Don't panic sell . No point. Later financial report shows net profit . You will cry. Msport is fine. Business still have . Now all big fish sapu at low price. So think first before take action
From 6 sen yesterday drop to 4.5 sen today , a drop of 25%.,Drastic drop by investment standard. .Anyway it is part of the investment game. For those still got bullets, a strong buy cos NAB is Rm1.11. A vast margin of safety. Small capital investment but big gain later.
The Board of Directors of MSPORTS wishes to inform that pursuant to the Taiwan Stock Exchange Secondary Listing Requirements, if MSPORTS fails to issue the AR by 30 April 2016, Taiwan Stock Exchange (“TWSE”) shall place the Company’s securities under the Taiwan Depository Receipt Programme (“TDR”) in an altered trading method, i.e., only seller with securities credited in their securities accounts are allowed to sell the securities to purchasers with sufficient funds for purchase in their trading accounts. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5069725
If Bursa or SC has integrity please take action against brokers who manipulate Msports shares. Nothing wrong with Msports company because why investors in 2 countries react differently?
. Angielim PE ratio -the smaller figure the better but it is not enough to tell u the actual performance of the company ,A lot of metrics need to be learn . I recommend you attend online course conducted by Guru KC Chong--ckc14training2@gmail for proper learning of investment knowledge
China comp. also listed in Singapore n US ,they don't drop like this. I believe this huge drop is the local syndicate manupulation in cohort with the substantial share holders. .They trap the margin players.
Bursa Malaysia • Issues with stock broking companies •Complaints against PLCs. All complaints to Bursa Malaysia should be addressed to: Customer Care Centre Bursa Malaysia Berhad, Lower Ground Floor Bukit Kewangan, 50200 Kuala Lumpur Tel : 03-2732 0067 Fax : 03-2732 5258 Email : aduan@bursamalaysia.com
Securities Commission Malaysia (SC) •Issues related to securities and futures markets To lodge a complaint with the SC, you can call or email: Investor Affairs & Complaints Department Securities Commission Malaysia No 3 Persiaran Bukit Kiara Bukit Kiara, 50490 Kuala Lumpur Tel : 03-6204 8999 Fax : 03-6204 8991 E-mail : aduan@seccom.com.my http://xaivierchia.blogspot.my/2012/11/where-to-lodge-complaints-in-malaysia.html
The local syndicates knew that most of the active retail players are having huge paper loss n having limited fund,this is the time to test the market .So margin players beware.Do not over commit. Shares can drop until u never believe.
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