Just look at the chart hubline keeps going down.....after so long and directors keep dumping shares sucking investors blood all the time. Investors no longer confident with this share.
Hubline is sinking...wonder why still so many buyers at 0.025 sen..... ? Sure stuck if you buy...suck up all your hard earn money...I rather invest in other more liquid share.... than stuck a few years in PN17...
No hope lah...those queing up will end up like those stuck here...it is like passing the baton....they think it is cheap...but it can go cheaper....this is a loss making company...debts aplenty...how to profit??? tell me. You buy you stuck thats it....the last time I bought 5 sen also cheap...then 4 sen...then 3.5 sen....then now 3 sen..
i think the situation is the same with puncak niaga.. Puncak sell the water asset (i'm not sure of how many percent from total revenue) and left only with tiny o & g business.. Would puncak also subject to pn17?.. But puncak will distribute some of the cash fr selling of the asset.. anyone can give accurate opinion on this?
2 Sen opinion: The company ceased core business that is bleeding for many years now left with small biz. Loss of income and not sustainable income. Court order restrain creditors action. Too many negative issues to handle during time of economy crisis now. PN17 on the card!
Jolin, you are right. Perhaps is good news for Hubline to amputate the limbs that have cancel...whether is hand, or leg. This will save the company from losing further and may go bankrupt after that. Many not aware that this company has NTA of RM0.14. if they fire sell their ship at 50% discount. The company still get RM0.07 cash. This is 100% upside if on sales on 50%....!
Well said Jolin @ Mirage YES It look disappointing but I am still holding Bought another hub wa at 0.01 cents for 150,000 shares Present holding 650,000 shares of hub-wa Good analysis. This is my biggest risk I undertake. EITHER I LOST EVERYTHING OR I GAIN 1,000 to 3,000 % yes willing to wait Till
Buy when everybody is fearing... Hubline is value buy now. U cant get below 3cents after this.. If u want very small risk, then buy hubline wa.. 1 cents is very cheap!!
Do a research on bulk shipping which Hubline is concentrating on. What the potential ? Misc yesterday said they intent to buy 5 x vessel for bulk shipping why ? MISC also exit from container shipping.
Hubline job right now is to convince the bank , creditors and other party that there is still hope as they still own the bulk business. Yes this year is tight and does not look good on financial report but if they get though this wave and able to convince the the banker , supplier and creditors not to wind up within 90 days... that will be battle won.
In 90 days , they just need convince "them" the bulk business potential and their cash fllow and the present contract with their present vessel.
Management said ..... they need to protect shareholders interest.
Judging form the shares price all these year , they have never attempt to goreng to make quick money , so that they can go for quick retirement when the issue of winding up is bought up.
In fact the director sell at lost too... consolidate his fund and maybe buy back like us ... or maybe getting ready for new shareholders..
The large queue to buy and large queue to sell is purposely queue to cheat people one.
A lot queue to buy is to tell people there is still a large shark down there to collect tickets.
A lot people will go in and get trap.
And then they will shift down the queue to lower price. This is normal. Bcoz they have too much tickets. If they dont do like this, how to let go the tickets in hand.
Finally the shift will go until cannot down. End up total lost for the last queue. A very good example, try look at xdl-wa.
Those last 0.05 are consider scrapping..So they end up maybe can dispose 60 or 70 % of their tickets. For them that is better than cant let go 100% of all the tickets in hand.
Indeed this is a very standard procedure in stock to let go the tickets. and actually even they have programs and algorithms to do this alr.. no need human manually key in.
Atarah. Forget about the annual report. Historical data not relevant any more. Significant write down of various assets expected in the coming quarterly result. Ironically EY can sign off this kind of accounts. But they are no longer auditors next fy, smart move.
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....
legend
4,119 posts
Posted by legend > 2015-02-24 01:06 | Report Abuse
If nothing happens, you should expect to lose money on it. Most of the time, nothing happens...