chewyee, dun worry, sure will go higher than 0.25, there seems to be syndicate pushing to sustain the price at this level. once they have accumulated enough, then you will see fireworks.....
A co. cannot go bankrupt. Insolvency and liquidation yes, but bankrupt, no. Nonetheless, lets assume there is such a thing as a co going bankrupt. If you look at other bursa steel counters, take Lion Corp/Div for eg., both are financially distressed since time immemorial, but their shares are still there to be traded. No worries about HiapTeck!! Moreover, they have positive cash flow from operations. How to go BANKRUPT? The only negative is Eastern Steel (which may turn positive if deals can be struck with Chinaco) but this is sunk cost and had temporary ceased operations. Recovery of advances and investment in Eastern Steel may turn bad, but provisions for impairment is progressively made. Do bear in mind that impairment does not have cash flow effect
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....
HugoMorales
74 posts
Posted by HugoMorales > 2016-06-30 17:20 | Report Abuse
tmrw jump 0.23