Felicity is a good investor and his/her analysis are always very sensible and logical. I disagree with what Herbert Chua claimed above.
Felicity is definitely not a pump and dump guy. If anyone can't see that, the "anyone" is naïve and lack of wisdom. Similarly, if anyone can't see old man KYY is a pump and dump guy, he is equally naïve.
"We slash our target price to 30 sen, based on a 70% chance of a rights issue at 13 sen, and 30% chance of a business-as-usual SOP valuation of 70 sen."
I could have pointed out that CIMB was too optimistic in getting refinancing approved by bankers......now the news is out, bankers giving cold shoulders to refinancing.
NTA 80 sen.....unsecured creditors can say, pay up or else....appoint receivers and get back their money.....definitely got bankruptcy risk.
cash calls during times of need whats so surprised about it? In bad times as qqq pointed out creditors ask for repayment and you don't have money then ask for cash calls again whats so suprise? You buying into the stock sure you say right issue for development or project is a good news. But reality also that when right issue really happens then the share price will plunge. Any one can say this xxx is a good company in 10years time may flourish, that is if it survive the next 3 years time able to repay its creditors first.
He is buying a company share caused its cheap as in merely few cents. Can then buy hundreds or millions of shares. Others that you say billions of profit usually its not cheap ma. However cheap is very subjective to everybody, what is cheap to me may not be cheap to you.
Better sell Armada....It’s fundamental is from bad to worse....cheap does not mean it has high potential to rise..in fact it has high risk of going to bankrupt due to its high gearing and uncertainty in oil price....
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Posted by HerbertChua > 2019-02-21 11:04 | Report Abuse
Such a low quality investor like felicity should be ashemed of themself.
these are investors that try to cheat other innocent investors after trapping themself
Thank you.
Godly Chua