Ha I'm not buying the stock. Just Analysing the current situation.
Anyway if you read the announcement properly - the enquiry is based on inappropriate (insider) trading or manipulation - Nothing was flagged with regards to the accounts of the company?
Although yes I agree with you that negativity affects all stocks. But stocks which are being speculated, effect of market will be muted I reckon. Look at Jason, couple of opportunities to trade haha. But eventually dead duck.
Not trying to dissuade you from your decision but to urge u to be cautious. If not because of sgx action, i didn' t notice this counter. You can pull out the 5 year chart and look at the price and trading volume over time. A rather strange trading pattern. Perhaps there is nothing wrong with this counter. But if a bearish environment, it is bad to be tagged negatively.
oh clearly so. what im saying though is that this stock cannot be compared to the likes of Jason, Sino Con and IHC which were (and are) still grossly overvalued, according to their reported figures. with its cash hoard, the share price might go up though as evident today from the company' s share buy-back of 3.3% of outstanding shares. free float stands around 20-30%.... unless top 20 shareholders selling, shortists might not be able to short/cover if they keep shorting this
I think the current consideration is no longer about its value proposition. Err on the side on caution, if i were you. In this market condition, there are other value stocks for you to pick, in abundant.
Simi stock can drop 80% one day?
More n more loser mean harder for market to recover.
As usual pemny to die first prior to big cap.
Think shd plunge to its big time in May or August
oh clearly so. what im saying though is that this stock cannot be compared to the likes of Jason, Sino Con and IHC which were (and are) still grossly overvalued, according to their reported figures. with its cash hoard, the share price might go up though as evident today from the company' s share buy-back of 3.3% of outstanding shares. free float stands around 20-30%.... unless top 20 shareholders selling, shortists might not be able to short/cover if they keep shorting this
I think the current consideration is no longer about its value proposition. Err on the side on caution, if i were you. In this market condition, there are other value stocks for you to pick, in abundant.
hmm, but looking at today' s prices, Koyo is not very overpriced at 5.6c. current market cap 10+m, no debt. but got 15+m in cash? not loss making either. Unless accounts are false, arent we facing a value proposition now? buying cash (and all the non current assets free) for less? cannot compare IHC, Jason, Sino con... they were trading at hundreds of PE, BV was tens of times? this? 0.6+x? hmm.
I think the current consideration is no longer about its value proposition. Err on the side on caution, if i were you. In this market condition, there are other value stocks for you to pick, in abundant.
hmm, but looking at today' s prices, Koyo is not very overpriced at 5.6c. current market cap 10+m, no debt. but got 15+m in cash? not loss making either. Unless accounts are false, arent we facing a value proposition now? buying cash (and all the non current assets free) for less? cannot compare IHC, Jason, Sino con... they were trading at hundreds of PE, BV was tens of times? this? 0.6+x? hmm.
hmm, but looking at today' s prices, Koyo is not very overpriced at 5.6c. current market cap 10+m, no debt. but got 15+m in cash? not loss making either. Unless accounts are false, arent we facing a value proposition now? buying cash (and all the non current assets free) for less? cannot compare IHC, Jason, Sino con... they were trading at hundreds of PE, BV was tens of times? this? 0.6+x? hmm.
Was going through this thread. Seem that Woods30 has already warned since 2014. Well done and I am impressed.
my gut feel is that mm2 asia is also manipulated by BB.. today suddenly collapse so much, then price move back up.. fundamental wise doesnt make sense for this price.. the company need to maintain high price so that they can raise more money using less shares.. it' s quite similar to jason, but the investor is smart & rejects jason issue of shares to them at end of the day.. next thing u know is jason boss is doing hanky panky business, and the share price collapse.. mm2 case is harder to prove though, ' cos mm2 produce movies that are known to locals here.. ppl tend to buy shares of company that they heard of, more than their fundamentals..
Not forgetting Shortists have more rights than genuine shareholders of listed firms. Why?
1) Shareholders owning more than 5% have to to file announcement to SGX any buying or selling of shares, even for 1 lot. Shortists can short as much ss they wish to without need to announce, as long as they can borrow scripts.
2) The companies and Directors have blackout period of 2 weeks before result announcement & cannot buy or sell shares. Shortists have free hand any time with no such restrictions.
So who have better rights? Shareholders or Shortists? Let you decide.
haha yea.. i have been talking about jason & sino con last time.. i remember there' s another one as well.. i call it buddy of jason when i was posting in jason' s thread.. cant remember which counter already lol (think maybe beng kuang?).. sgx can only touch & go, media is full of reporters who doesnt know (or pretend not to know) much about market news to generate & bring attention to public & pressure sgx on these issues.. so many issues in sgx, from poor liquidity, ease of shortists to anyhow release reports to attack company, ease of manipulation by BB w/o getting caught, irresponsible analysts call on counters etc..
Did they take action on IHC? Remember before IHC price collapse, it was the Top Volume for many many months.Did they take action on Sino Construction (n.k.a. MMP Resources) when price was ramped up to 30c to 40c?
Did they take action on Jason Holdings? When price was ramped up from 10c+ (taking share-split into consideration) to 64c?
After more than 2 years and still no news about ABL issue that vapourised over $8 billions just on these 3 counters, what is really happening behind the scene now? We can continue to scratch our head.... maybe Mickey Mouse have the answe
haha yea.. i have been talking about jason & sino con last time.. i remember there' s another one as well.. i call it buddy of jason when i was posting in jason' s thread.. cant remember which counter already lol (think maybe beng kuang?).. sgx can only touch & go, media is full of reporters who doesnt know (or pretend not to know) much about market news to generate & bring attention to public & pressure sgx on these issues.. so many issues in sgx, from poor liquidity, ease of shortists to anyhow release reports to attack company, ease of manipulation by BB w/o getting caught, irresponsible analysts call on counters etc..
Did they take action on IHC? Remember before IHC price collapse, it was the Top Volume for many many months.Did they take action on Sino Construction (n.k.a. MMP Resources) when price was ramped up to 30c to 40c?
Did they take action on Jason Holdings? When price was ramped up from 10c+ (taking share-split into consideration) to 64c?
After more than 2 years and still no news about ABL issue that vapourised over $8 billions just on these 3 counters, what is really happening behind the scene now? We can continue to scratch our head.... maybe Mickey Mouse have the answer
the problem is whether sgx will take action against those manipulating koyo price.. it will be rather irresponsible to just touch & go after causing koyo' s price to collapse.. after so long of price manipulation then sgx takes action, dunno how many retailers already suck in by then.. it doesnt do justice & is unfair to existing retailers shareholders.. sgx like giving me impression that they dont want share price to go high up, and is content that share price remains under-value.. like that how to attract IPO.. which company will list knowing their share price will be forever under-value.. and if their share price is forever under-value, probably the company boss themselves will start to manipulate share price, so as to account to shareholders.. vicious cycle
Did they take action on IHC? Remember before IHC price collapse, it was the Top Volume for many many months.
Did they take action on Sino Construction (n.k.a. MMP Resources) when price was ramped up to 30c to 40c?
Did they take action on Jason Holdings? When price was ramped up from 10c+ (taking share-split into consideration) to 64c?
After more than 2 years and still no news about ABL issue that vapourised over $8 billions just on these 3 counters, what is really happening behind the scene now? We can continue to scratch our head.... maybe Mickey Mouse have the answer
the problem is whether sgx will take action against those manipulating koyo price.. it will be rather irresponsible to just touch & go after causing koyo' s price to collapse.. after so long of price manipulation then sgx takes action, dunno how many retailers already suck in by then.. it doesnt do justice & is unfair to existing retailers shareholders.. sgx like giving me impression that they dont want share price to go high up, and is content that share price remains under-value.. like that how to attract IPO.. which company will list knowing their share price will be forever under-value.. and if their share price is forever under-value, probably the company boss themselves will start to manipulate share price, so as to account to shareholders.. vicious cycle
the problem is whether sgx will take action against those manipulating koyo price.. it will be rather irresponsible to just touch & go after causing koyo' s price to collapse.. after so long of price manipulation then sgx takes action, dunno how many retailers already suck in by then.. it doesnt do justice & is unfair to existing retailers shareholders.. sgx like giving me impression that they dont want share price to go high up, and is content that share price remains under-value.. like that how to attract IPO.. which company will list knowing their share price will be forever under-value.. and if their share price is forever under-value, probably the company boss themselves will start to manipulate share price, so as to account to shareholders.. vicious cycle
Koyo now become Koyak Besar Besar
1 warning/caution from SGX share immediately plunge 70%.Uniquely Singapore
The truth is sgx hai si lang only. Pity those retailers who innocently jeeped.
This morning drop 29% only. Now drop so much! Falling knife!
