If ur willing to wait a year or so , hold. If ur a short term trader, sell. If it gaps down below the 50 day m.a, it's GG. If it stays around 0.40-0.405, there may be a little hope of it rebounding. AND "buy the rumor , sell the fact "they say. Could it be "sell the rumor, buy the fact" for daya? Who knows ? AND You see right, companies like l&g, trop, sunway, Inari , etc reported solid earnings but the price movement upwards were really miserable.. In fact, l&g and Inari went down a lot (It would probably move up someday) . Therefore, in my opinion, I think that there's a tiny tiny bit of possibility( close to 0% chance) of daya moving up. Well, again, who knows? But I'm really prepared for the worst. So, it depends on the first few minutes of Monday morning.
Its up to individual investor to decide what is best.Buy or sell depend on our own risk factor and also confidence level of the counter we invested in.Do not follow others just because he panics and sell one also must sell. Analyse the situation and decide what is best.
For those still holding with some profits, you guys can take the money on the table.
For those bought at a higher cost, if you guys can brace for a few more quarters to let this company's prove its worth, why not? If the money is not for emergency, this company may bounce back next quarter and change the investors' perception again.
Ultimate decision is with you but in business, there is ups and downs, and its important at this time not to panic and sell for no reason but to look at the value in this company. Seek for fundamentally strong points of the company, PE, ROE, NTA to convince yourself to hold on. Are these indicators strong enough for you to hold on? Or do u expect these indicators to improve as time goes with strong influx of contracts coming soon? These are potential catalysts to boost the stock price.
CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (11,222) (6,502) Purchase of land held for property development - (10,384) Purchase of investment property (8,462) - Proceeds from disposal of property, plant and equipment 1,324 3,483 Purchase of intangible assets (495) (98) Purchase of available-for-sale financial asset (2,400) - Acquisition of a subsidiary (i) (1,135) - Acquisition of joint venture companies (152) - Proceeds from issuance of shares to non-controlling shareholder of a subsidiary 70 131 (Increase) / Decrease in pledged deposits placed with licensed banks (6,405) 1,483 Decrease in deposit placed with licensed banks more than three months - 1,807 Distribution of profits from a jointly controlled entity - 2,218 Dividends received - 6 Interest received 1,355 1,212 Net Cash Used In Investing Activities (27,522) (6,644)
short term loss money ma, what to affraid ? Bought vessel to invested in OG business. Dun forget Daya stilll have OG contracts in hand, promise to earn money in next coming Q.
Very long term holders(those who still have confidence in daya) will likely take this opportunity to press daya down to collect at low price.Confidence of many are destroyed.if it drops not lower than 37.5 i think should sell,if you bought at 30 and below. if you bought at 40+,cut loss unless you are prepared for the very long haul.Overall market is still strong Not a crash yet,hence hope that it will down 1-2.5 cts only from friday close,since announcement made at 7.20pm
Don't cause any more panic among retail investors. They are already facing lots of pressure and challenges now. Let them have a clear piece of mind to decide on the strategy.
Sell or hold-this depend on your confidence level in Daya and your strategy.If u think it will go down further,then sell and buy back later.If you think it will not go down then by all means hold.Nobody can advise you as from most of the replies,I sense some panic.My opinion is it will probably goes down to 0.39/0.395 and stay there pending further news.
i don't understand how people can panic that much. Daya is the top ten stocks to look at this year. Most of their moneys are tied into assets at the moment... which is a GOOD thing. What's with the panic.
I have cut my loss today on this counter. After this fiasco, the management has loss all its credibility in my eyes. I will tell you why.
1) Norway fund involvement - There is nothing much to be said about this except it is a complete lie. The norway fund was never invested in Daya in the first place. This is an unconfirmed rumour spread by people trying to pump the stock price. The Norway fund would not even bat an eye on this counter had they know the poor execution of the management.
2) Director's buying and selling - Let's say this cost overrun thing is a one-off event. Then Daya would be a good buy at this price 0.375. But come on, do you guys still trust the management after their shenanigans in the last few weeks? I blame myself for not spotting the hidden ploy behind the transfer of shares by one of the director to his brother at no cost! The wonderful annual report of Daya made me forgot that there is no free lunch in the world. When the shares are transferred to a minor party, in this case, his f***ing brother, we all know where those shares end up. I will leave this to your imagination. No matter how wonderful this company is. Do not ever trade this counter based on the fundamentals. Trade off the price movement. This is a small cap that has zero corporate governance.
And not to forget about this interview dated 21/12/2013.
I believe the cost overrun should have been known at that time by the management of the company. Read through the words. I must say this guy is a shrewd businessman. Being able to remain calm and talk cock despite the ship is sinking. Well done. I clap for him.
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....
Foresight123
363 posts
Posted by Foresight123 > 2014-03-01 23:50 | Report Abuse
How nice would it be if we could short sell this counter