The founder is very smart,he married deal 80 m/s in June this year to whom and at what price nobody know. Now he propose to reduce the par value from US 0.05 to 0.025 so that he can buy 10% discount to par value or price determined by the board, which ever high. He is allow to buy 20% of the 15% of the issued and paid up capital of the company if I am not wrong.
Posted by ks55 > Oct 30, 2014 05:35 PM | Report Abuse X
Another ship sails to holland. Read carefully 2013 Annual Rpt to find out why :-
#For the financial year ended 31 December 2013, the Board of Directors is not recommending any declaration of dividend. The level of dividends to be declared for FYE 2014 and future financial year would be determined by the Board after taking into consideration the performance, cash flow position and financial requirements of the Group a swell as the prevailing economic conditions.#
What does that means? Cash flow problem? Cash and bank balances is rmb 501 million Total current asset is rmb 669m Current liabilities total rmb 124m Long term liabilities nil
Again read carefully:- Revenue rmb 712m Inventories, at cost is rmb 24m
Don't tell me all are produced just in time for delivery??????
If this set of account can be trusted, all creative accounting can be deemed to be accurate and factual!!!!
Don't wait to receive free warrant. A cheat is a cheat!!!!
Their goods produced are all preordered. So not much inventories. Regarding the dividend,why not ask during this comming Special G.M.which fall on 20 August . I remember somebody suggest to throw old shoes if the board of directors refuse to give. With the cash holding of RM 376m, I think the company is capable of giving dividend .
diqiuhao par value reduction meaning no different in share price except par value reduce from now USD 5sen to USD 2.5sen after the exercise. It is meant to follow share price drop. In future if Msports issue free warrant the exercise price for warrant can be reduced accordingly eg now 18sen to say 9.5sen in future after the par value exercise meaning more value for warrant holder. You can refer to XDL as example.
Posted by diqiuhao > Aug 5, 2015 10:06 AM | Report Abuse can some please explain what is PROPOSED PAR VALUE REDUCTION? and what will happen to the share price?
To make it simple why the MD propose par value and at the same time propose Esos is to get cheap price which will benefit the directors and the staffs .
Those who attend special general meeting tomoro ,don't forget to bring along unwanted shoes. Ask the Director abt the divident ?.No divident,u know what to do lah.
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....
taijackong
312 posts
Posted by taijackong > 2015-07-31 15:03 | Report Abuse
hehe', b4 u reach Las Vegas, this leaking boat alrdy sink in indian ocean liao....