Yeah they need to push it up for the new issue, needs a lot more volume. Its a long way back for me on this. If I get my money back I will be doing well...Fingers crossed.
But in their QR, they describe their future to remain challenging. I believe now is the accumulation stage for operator waiting to be pushed up for next quarter.
few years back gocean game was like annual event. but since 2013, it is a boring game already. but somehow, boring mean accumulating. but not sure they need how long to accumulated this counter
It is no easy to turnaround this company as the business model is no profitable. The margin is very thin to operate in palm kernel crushing and refining of palm oil . Dato Tan should think of other business model or backdoor listing or inject his own co. into gocean. Just keep depending on private placement to ease cash flow is no the long term.solution.
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....
DaitoRyu
1,459 posts
Posted by DaitoRyu > 2016-03-05 10:48 | Report Abuse
Let's hope they collect millions, we need miracle here.