effect of CIMB has gone, the stock back to 60 cents again, if you study the history, u will see the next momentum will be in apr.....cimb will write another story to con investor....
too many shares in public-very hard to push up unless directors buy back much more, reduce public shareholding. its very weird that the main boss hold so less shares despite of co.'s strong balance sheet. why? is it bcs 'cooked' balance sheet?
what like most is on its strong cash reserve...will reach myr400Million if I'm not mistaken once all water concession sold out. the only I thing I'm sceptical is boss's low shareholding which beyond my understanding till now
HI Chinaman,Salcon is lefting the last piece of water assets in China to be disposed (RM 40m) and thus their cash level likely will not reach RM 400m.But no worry,Salcon FV will be above RM 0.85.just be patient.
this is a good company, having niche in water treatment, but unfortunately getting involved in prop developement in the last stage of the property bubble.
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....
stteck
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Posted by stteck > 2015-12-08 22:19 | Report Abuse
effect of CIMB has gone, the stock back to 60 cents again, if you study the history, u will see the next momentum will be in apr.....cimb will write another story to con investor....