From a PN17 company to turn around the business and posting consecutive profits quarterly. anyone know what is most likely TP and fair pricing based on these results and future prospects?
Is it possible for the Auditors to modify or withdraw their CL versus CA opinion then PN17 can be released in view of 2 consecutive qtrs profit .? Then price can easily go to NTA value..
I think the main concern for the auditor is the short-term loan of RMB85 mil, which if not addressed, may impact the viability of its ongoing business. No doubt, HBG has turned around with consecutive quarterly profits, but if it does not address such loan through the regularization plan, it is still under PN17 status.
Anyone have any idea will there be a rebound soon? Understand that there is possibility of this stock get delisted but still think there is some earnings potential due to recent results
Most likely, 2 for 1 rights at 10 cts and 2 free warrants can eliminate the present current liabilities and make HB debt free.............that why having a listed status, can print money...
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....
TrippleZ
1,563 posts
Posted by TrippleZ > 2018-08-12 17:56 | Report Abuse
This is pn17 counter. Is suitable for punters. Not for investment.