calvintaneng sifiu, if you like to buy those sen sen stock, you buy PRG-WA la.... Got one Singaporean keep buying, U like China business man buying meh, PRG oso got one China Chinese keep buying, Gadang directors selling is your reason to call sell, then this one the directors keep buying... Good enuf for you
Calvin, you are just a single Sink, sink Singaporean from an island, that's why when you visited Tempoi, you think Tempoi is also an island, walked here walked there..came back to the same old point.
Ah, what a misrable tou..tourist who only the present not future!
Question → Can Gadang adjust the company quarter reports before being publish???
Some KYY comment below from the link above:
Let me use Gadang Holdings Bhd as an example to explain in greater details.
Gadang reported its 4th quarter ending 30th June 2016 an EPS of 15 sen and totaling 40 sen for the year. As soon as this fantastic result was announced its share price started to shoot up from RM 2.00 to Rm 3.30 a gain of 65% in the last 3 months.
Unfortunately, when shareholders saw its announcement of 5 sen EPS for its 1st quarter ending 30th Sept 2016 for its financial years 2017, they started to dump their shares. The price started dropping by 38 sen on last trading day and it continues to drop while I am writing.
Gadang should know that its 1st quarter for the new financial year would be much less. It should have reported 8 sen instead of 15 sen for its 4th quarter and 12 sen for its 1st quarter.
It is very easy to adjust these figures for reporting. In order to report less profit, Gadang could have increased provision for bad debts, increase depreciation for some construction materials and equipment. All company auditors would be happy to see that the company is conservative.
In the 1st quarter for the new financial year, Gadang should make more profit because it has cheaper materials and equipment. Moreover, it could recover some of the bad debts. With all these advantages it can easily report an EPS of 12 sen for its 1st quarter.
If Gadang did what I said, its share price would still be climbing higher until the implementation of the multiple proposal for bonus share and warrant issues and share split. The chart below shows Gadang’s mistake in reporting the reduced profit for its 1st quarter. As a result, many shareholders are losing money and many punters have margin call.
Does Gadang as a listed company need to listen to KYY's HINDSIGHTS-the knowledge and understanding that one has about an event only after it has happened?
There are other 29 major shareholders besides KYY and also, lots of minority shareholders, retailers, investors, traders etc.
I think INTEGRITY is far more impoertant than MANIPULATION.
why you always see things from the negative angle why not try to look at it from the positive side
what KYY said is nothing wrong , nothing new, actually many listed companies that you have invested already quietly done . if KYY is not 80+ years , do you think, he will that foolish to share with you such accounting manuever ?
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....
tksw
12,964 posts
Posted by tksw > 2016-11-01 10:47 | Report Abuse
calvintaneng sifu, last call to buy mitra 137 now, dun say I dun tell....