This used to be my favourite stock a year ago. Last time I sold her at 0.315 now already 0.50. Anybody got some inside info, how come a loss making company jumped so much.
Check back how much was the IPO? Who owns majority/controlled ? PLUS may privatise SILK, at how much? Obviously, the upside is substantial, in terms of percentage !!
zemen: I'm thinking about that aspect too. There aren't too many public-listed toll operators so SILK might be attractive. It's currently not profitable yet which is why the price is at this level. Have to study this company's financials - there's potential for it to start going up.
Kawelegen: Yeah, in the volatile situation right now, I'd say that's prudent.I think it will be a loss too but by how much? One major problem for it are the finance charges that must be serviced. But toll traffic has been going up and it's newer oil n gas business add 3 times more revenue if I'm not wrong. And its market cap looks rather low. It is worth watching.At what price and when is the key, as always.
By the way, its website is quite good and informative. Its reports are easily available. Still having a headache after going through a few of them yesterday:-)
SILK has been sliding down over the past few weeks.If it gets near 30 sen, might be worth taking a risk and hold. After all, this is a highway concession AND oil & gas with the latter bringing in the bulk of the revenue. The problem is its debt - a good portion goes to servicing loans.
new management just took over. give it some times. Maybe about 1 year, and in case technical recession comes, you may see how the new management is performing.
for the record, the new CEO is very capable and i believe with a links to the government too. so they are back now to a good start. only time will tell and this counter is on my watch list!
This is interesting. Volume has increased and so has the price. But have to consider the long weekend which might affect the sentiments and momentum. I'll wait for next Monday before coming in.
One-day wonder. Good volume last Thursday and it petered out this week. But if it goes down a bit lower than this, I'll buy and wait. This is one of the oil & gas counters that haven't gone up yet. Business-wise, I feel it is better than TH Heavy.
It's been in a coma for weeks. But maybe there will be renewed interest in it again very soon. The trader might have to wait a bit though. But at the very least, it shouldn't slide down further than where it is now.
hi necro...any basis? quite interested with this company. last year Mac 2012 also price went up to 0.5 after announcement of double digit growth. This year would likely see the same pattern due to the increase of road users in Silk Highway
bro please read STAR today... SILK HOLDING will be another Oil and Gas player this year... Please buy now as all Technical Analysis show breakout with Target Price RM0.50 in SHORT TIME i repeat SHORT TIME!!!!
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Kawelegen
302 posts
Posted by Kawelegen > 2012-03-10 07:21 | Report Abuse
This used to be my favourite stock a year ago. Last time I sold her at 0.315 now already 0.50. Anybody got some inside info, how come a loss making company jumped so much.