I guess BONESCYTHE BUY recommendation for this stock did not work. He did say this quarter will be stellar results. Most of his BUY recommendations cannot be trusted.
Just a minor market correction due to panic selling by small fishes. The volume was low anyway. Don't worry. The fact that Poh Kong didn't lose money this quarter is good news. As for YoY -89%, think about it... economy, public sentiment, etc, have changed alot since Q1Y2014. There's still 3 more Qtr to go... plenty of room for PK to make profit.
kakashit, now worry, i know where are you come from, as long as the inventory recorded surplus then should be good for Poh Kong, and don't forget this is an extra bonus for Poh Kong. Let's cross our fingers and hope for high Gold price. :)
Speakup, fully agree with you.These days the ordinary people are more concerned of their daily three basic meals, breakfast, lunch and dinner. About 3% (inflation), 6%(GST) and ?%(currency depreciation) disappears away even before they begin to spend!They can't even think of gold, what more buying gold.
2012 gold price 1550 to 1730 that year pohkong 2012 eps 12.5 2011 10.04, price 40sen to 60 sen and PE never break 7。 now gold price 1230 pohkong eps drop to 1.22 , but price selling at 0.53 。 reason is gold price 1062 up 15 % to 1230 。 you say market stupid or not 。
A lot funny people here, thought this company is kind of digging gold company. Never know how gold smith business run but pretend know how the stock price should move if gold this gold that.
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....
tradervic
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Posted by tradervic > 2015-12-17 09:52 | Report Abuse
I guess BONESCYTHE BUY recommendation for this stock did not work. He did say this quarter will be stellar results. Most of his BUY recommendations cannot be trusted.