at the current price, strong NTA, and decent policy payout, i think downside is pretty much covered. buy at batches, not all in. Keep in your holding for the coming 3 mths, very likely will see money.
Symphony Life: Announces boardroom changes a week after EGM request by shareholder to remove directors. Symphony Life has announced a slew of boardroom changes, overtaking an initial proposal by its largest shareholder Theron Holdings SB to hold an EGM later this month to remove three directors. In several filings, the property developer announced the resignation of ED Ng Ying Yiing and independent nonexecutive director Loi Chee Fong. (The Edge)
Based on the BDO report (Link provided earlier in comments) and analyzed this.
-CEO gave 35% commission to own private firm. Then EGM to remove three directors. -CEO himself is one of the ED in Board too why not removed by MBL ?
Something fishy going on. Did the CEO threatened the GCFO and Audit Committee Director to resign who found out the CEO wrongdoings? How about the other ED destiny?
Did Bursa,SC or the largest Shareholder MBL have this report too? What action they have taken for this BDO FORENSIC REPORT and CEO's attempt to mislead and defraud this Bursa PLC - Symphony Life Berhad?
What will happen, now that MBL thru theron have gotten rid of 2 directors? Citing direction differences as grounds for removal, will the company now head in an upward direction?
Removal of a No-Hoper Chief Executive is a crucial decision to be made by the Board or Shareholders, this will only lead to a better future for the organisation.
Performance and Share price of the company will only recover/rise again under a better leader.
A Chief that only possessed 3.47%(based on AR2021) but FOCUS on own interest (based on BDO report) and try to defraud the shareholder's investment will sure bring down the company.
Company report showed down 320% down, they remove CFO. CEO no accountability? Report shows he kasi kawan 35% without approvals from GCFO. How to fly like that?
Today the Edge came out with an article... so apparently the reason they cannot remove the CEO even thou there was 'potential' fraud is cause the fellow now under whistleblower protection. 13th the BDO report came out. 12 he filed for Whistleblower protection.
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....
Beginner123
186 posts
Posted by Beginner123 > 2021-08-03 09:56 | Report Abuse
I feel it's better to avoid David Goh stock...
Symlife, ccb, mbl... Sigh...