Just a piece of shit waiting for it shareholders fund to turn negative and slips into PN categories.................and for shit reason it is the 2nd right issues if i am not mistaken and yet the company Directors can't seem to turn around the company promising sky and moon.
theoritically, directors always claim to work best for the shareholder and strike to increase shareholder value. Practically, unethical directors cum substantial shareholders like to sitting down there focusing on sucking company money and keep their holding cost of stock at low at possible,
Ini directors byk tipu...quarterly result rugi because of exit container shipping...sampai bila tak tau..dulu sudah estimate lost exit container shipping tapi bila keluar result masih ada..
It won't be long before Hubline mother share will have no buyer, only sellers at half sen (just like its warrants A and B now). Blacklist this as a conman's counter, just like his previous counter, Foreswood which was delisted back in 2005. Bad karma - be forewarned.
hahaha allready 2 years cannot wake up.do you think they let you make money,.dnt hope.next year will delist .this is only the option they have.let them have our money.
previous rights issue on 2009 were supposed to put the company back into biz and profitability but sadly after just 3 years the company still in red and another rights issue on 2012 were initiated with the same promise and now 2015 another 3 years later another one.
Do you think the company can fulfilled the profitability promises?...............i won't trust this company anymore.
tipu la,........ last time said the the exist provisions should be one-off (RM350 million) and to be charged in YE 2015. Until today, the cumulative amount of such provisions is RM464 million (32% differences) Secondly, from the 94 million proceeds from right issue, 60 million paid to creditors (any related parties?), and 15 million buy PPE (what to buy still), and 26 million repay bank borrowings.....the proceeds all gone already....
This counter is theoretically dead. After so many years of following (more than 10), never seen any upward trend (http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=7013) nor any miracle happened. The corporate exercise they liked to do is issued warrant, right issue, so in order to seek financial assistance from shareholders, and the normal tricks they will like to do, they published good financial result to convince shareholder for the sake of shareholders vote, yet after then, the subsequent results will fall south to Holland like what we are seeing now. The worst thing is, they pull us together. Best of luck
with 97 million revenue turn into 83 million LOSS .. the integrity of the management team is highly suspicious . Warrant a forensic audit immediately , it could be a SPRM case.
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....
ktsk88
5,284 posts
Posted by ktsk88 > 2016-10-14 13:42 | Report Abuse
Just a piece of shit waiting for it shareholders fund to turn negative and slips into PN categories.................and for shit reason it is the 2nd right issues if i am not mistaken and yet the company Directors can't seem to turn around the company promising sky and moon.