The truth is the company will be badly hit financially with little production ahead due to machines burnt in fire. This will definitely affect the share price. Next support at 0.52.
where da fark insurance money covers the business prospects and revenue????.....insurance money only help them to recover the burnt machines!!...and the claims will take months....including restoration....and for 9 months no business....ini notion will dive to 0.25 cents region soon
all those bought before the suspension will goyang already....all starting to que sell now....it's bye bye not buy buy.....insider already know that's why all throw in the afternoon..
drop is sure drop one. see how much only. -inventories, - machinaries, -penalty for non delivaries, more overtime to cover non deliveries maybe kena sue also, potential loss of customer. all these is momey. and the machine is not readily available, custom make need at least 3 months time.
the insurers will not so easy to compensate them this time. Will look for excuses as this is the 2nd time burning incidents within 4 years. worst still , all the facilities to support production also hangus. Back to ground Zero .
Don't buy pls.....if want buy.... Buy below nta..... Huge loss affecting vital areas. Loss of customer is the worst outcome that could set notion years back.
fortunate no any injure in this inccident,god bless..talk 1, talk 2,talk 3,talk 4, talk like company going bankrupt soon..financial surely impact from the inccident but insurance have coverage for the asset n consequential business lost, just need some procedure n time to claim back, company cash flow still strong to flow it was gd enough..for coming 4 th quarter which result in month of 7,8,9 not been effected,atleast company have 2 months stocks storage to handle the previous order,the coming operation seem company have another 200 over machine to run it,is only 40-50% for operation but atleast not total stop at all...market will decide it self, ppl sell n another ppl was buy, if not the price is flat..
if the main production line affected 9 months without considering other loss, the price should fall below 60cents. Inevitable. The fundamental is shaken, there is no way to know if the core customer base still remain, highly unlikely.
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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....
Uncle_Lim
1,755 posts
Posted by Uncle_Lim > 2017-10-20 20:53 | Report Abuse
collect while it's cheap