Leno. No worry. Company very rich. Only the owner is of funny character. Internal auditors cannot tahan, they can resign lah. Afterall the 2 inetrnal auditors are young graduates cannot tahan owner's pressure. I buy another 500,000 lah. Buy and keep for privatisation. Sure WIN one.
I said buy, sure buy one. Opportunity like this only Malaysia can find. You go buy in Taiwan, you cannot get this price at 3 sen. Once owner got very very angry, this counter close for privatisation, buyers all Huat lah. 3 sen don't buy, want to wait for 10sen to buy meh?
The one who want to push the price down sold only 300 shares at 2.5 sen? Hahaha......Who would want to do that. If Mr Lin wants to do that, he better buy back all the open market shares now because people are accumulating Msports and wait for delisting in the Malaysian Market.
Msports wouln't gone one, only stupid will think so, because msports got biz in Taiwan also, if you think whole taiwan also stupid , then only you the clever one. this is panic sell now, because they takut all their money will gone, But msports will recover soon, dont wo
If Paramjit or Erwin started selling from 26 Apr (day after first suspension announcement), they have up to 2 weeks to make announcement which is 10 May (the suspension day). By the time you know, it is already too late!
Mr Paramjit n Mr Erwin, combining stakes 21%. Both just need to buy another 12% to trigger takeover. If takeover do take place,very likely, the 13 supporters, will laugh all the way to Bank. ke ke ke !!!!!!
Exactly. Luckily we have Taiwan market to tell us they are buying at MR0.30. Despite Taiwan market optimism, unfortunately, Purebear, OptimusPrime and all those sceptics are still fearing and throwing this counter at 3 sen. What's a free gift to us. We may not laugh now but if we hold the shares longer, our gains may come back in multiple times. I strongly feel Msports is going private soon and going private is so easy to do. Once privatised, Msports shareholders are all laughing all the way to the bank because Msports have to use their money to buy back all the Malaysian shares at a much higher price.....not 3 sen but 30 sen at least if they decide to follow the Taiwan's price.
What desperate? All are audited and printed in Msports Audited Report. If you don't believe in audited financial reports published by public listed companies, then you might as well don't believe in Share Market at all. Why talk about shares?
Taiwan Msports dropped 45% mainly influenced by the Malaysians' reaction towards Msports in these 2 years. If Malaysia Msports did not dropped so low, Taiwan Msports would be steady there. Malaysians all along are very shy of Chinese Stocks maybe many got conned by them before. But with the substantial inflows of investments from China recently into 1MDB, Iskandar Johore, Malacca and many other places in Malaysia, I am sure Chinese Stocks will pick up sooner or later. Buying Msports for 3 sen a share is a very big margin of safety when the stock actually worth RM1.11 a share. Even the bonus warrants are priced at RM0.18 a warrant if you want to convert to mother share. I just pray one day this Msports shares will fly once people realise the amount of funds are real, businesses are real and assets are real. To me, I have full faith in Msports accounts unless their accounts are fake all the while.
The above Company has failed to submit its Annual Report that includes the annual audited financial statements together with the auditors' and directors' reports in respect of the financial year ended 31 December 2015 ("AR 2015") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe i.e. 30 April 2016, pursuant to paragraph 9.23(1) of Bursa Securities' Main Market Listing Requirements ("LR"). Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes stated in Paragraph 9.23(1) of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline. In view of the above and in the event that MSPORTS is unable to submit the outstanding AR 2015 on or before 9 May 2016, the trading in the above Company's securities will be suspended with effect from 9.00 am, Tuesday, 10 May 2016 until further notice. Pursuant to Paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take; de-listing procedures shall be commenced against such listed issuer. VP, Listed Issuers You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Msports to Close shop effective tomorrow until further notice unless AR2015 is submitted today.
WOW.....Going stronger by end of the day. Tomorrow announcement maybe Good. Msports ended 0.005 sen up and Warrant also 0.005 sen up. No last minute throwing in a large scale. Bravo Msports. Huat Huat Huat.....once open counter tomorrow or close for 6 months.
Yes. See how Msports fares in 2 months time. If good news, Msports fly high. We all laughing to the bank. If no good, all money invested in Msports gone. Cheated as another Lesson learned. In my opinion, 75% good, 25% no good. Good because I believe in their Audited Account is genuine and Msports is a rich company. Bad because Msports cheated us and the whole world and produced a Fake Audited Accounts all along. The second one can land many people in jail....includes The MD, Directors and External Auditors. See how it goes.
From my Accounting experience, if a group has no money in the bank, probably the amount due to Creditors should be high and the Debtors also very high. But in Msports case, Creditors are low and Debtors also the same. Only the Bank Funds are very high and yet Mr Lin does not want to declare dividends. This is really funny too.
AS at 31-12-2015, they have RM328 Millions in the bank. Owing to Creditors only 40 Millions while 114 Millions still owing from Debtors. This is a very healthy company. Why their boss sold his 20 Millions shares in Feb 2016 and why Mr Lin refuses to pay dividend at all looks awful. But by looking in their audited accounts, everything seems perfect. ???
Normally a scam company should has very high Creditors and Very Very High Debtors and Inventory. But in Msports case, inventory is only 7 Millions. If a scam company wants to cheat, they can hardly has the chance to use Bank Funds to cheat as Bank Funds are supported by International Bankers with Bank Statements and Bank Confirmations needed by the Auditors. Normally, public listed companies would cheat by using a high Stock Figure, High Debtors and Creditors. But in Msports, these suspicious figures are not present at all. Food for thoughts.
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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....
TAH
797 posts
Posted by TAH > 2016-05-06 15:15 | Report Abuse
Wow , a lot investors book 3 sen oh!.There is a very popular Malay song , jangan tunggu lama2, nanti di ambil orang, ke ke ke