Fundamental is one thing,the integrity of management is another thing.
Ever since the founder and his partners have realised their shareholdings,the performance of the company has been under par from one season to another season. You can lie but the figures don't lie...
Just don’t feel disturbed or annoyed if some comments don’t match what yr mind … only u r the current directors of gtrnic then u know what is happening n may happen
Gtronic is trading at 10 years historical low, subject to misuse of funds and cases like Fitters and CFM, it appears an opportunity for Short term rebound.
The so called "missing cash of 60m" has been reclassified under " other receivables" . Other receivables can be taken as "non-trade receivables" which have nothing to do with trade in the normal course of business. Other receivables/non-trade receivables include but not limited to " Advance/loan to third parties'' , '' intercompany loans to related parties" , "any non-trade bills such as consultancy fees " , any designated accounts " be it real or fabricated etc etc. My point is that if the transactions arising in "other receivable/non-trade receivables" are legitimate, there is no need for the incumbent auditors to resign before the expiry of their terms of office. It is believed that the said transactions are unverifiable and uncollectible coupled with the uncooperative attitude of the Management , the auditors just called it a day and quitted.
Nevertheless, the " hole" created by the company must be "filled "ie the "other receivables" must be " collected". It remains to be seen as to how the " hole" could be filled by the Company . From the way it goes, it is likely to be impaired.
There are many kind people on i3 who keep giving warnings to investors with good intentions. Thank you for the warnings and information. Investors just need to do their own research and due diligence. I wish those who bought the shares like me will earn handsomely for the risk we took.
ABP is believed to be next in line with the expected plummet. It is learnt that APB has borrowed more than 150m to fund the purchase of Gtronic at RM 2.00 each for 140m.Their investment in Gtronic has suffered more than 75% loss in share value due to recent horrendous melt down of Gtronic in share value.
APB has been performing below par. They are expected to report significant loss in their upcoming QR due to the said melt down
Won't be long before it join the Serba Dinamik Club. All the signs are there, just need to open your eyes. This is not an investment. If you are still holding, you are basically gambling for short term.
APB has borrowed RM 140m or more to purchase Globetronic for RM 140m at RM2.00 per share.
Now that the share price stands at RM 0.55 .Basically APB has lost more than 75% investment loss due to recent heavy melt down of Gtronic. It is expected that the said loss will be impaired resulting in huge loss of its upcoming QR. Who bears the loss ? The investors across of course . Good luck guys
Though EPF and LTH have ceased to be the significant shareholders ,it is believed that EPF and LTH are expected to continue to off load their remaining shareholdings in the company in days to come till complete exit of their entire investments . It is believed that EPF and LTH are off loading their shareholdings gradually to avoid subtle plummet to the detriment of their investments. As said, the cheapest has yet to come and imminent rebound is out of the question.
It is learnt that APB Resources Bhd (APB) external auditor, Baker Tilly Monteiro Heng PLT, has issued a " qualified opinion" on the company's audited financial statements for the period ending March 31, 2024.
Such "Qualified Opinion" indicates that there have been serious material negative implications in APB ." Qualified Opinion " indicates the financial statements contain material misstatements and /or omissions. Readers should regard the statements with caution. The reason for the " qualified opinion " is usually provided in the Audited Financial Statements .
Judging from the above, its share price is expected to plummet fast and furious....
no need to RUSH i interested get APB shares wait it stabilise... its good stock ,, meanwhile Globe ill wait till new auditor comes in / they clear this mess because there is no ANSWER or REASON atm .... with information we can come back , stay away for NOW <<
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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....
NatsukoMishima
8,189 posts
Posted by NatsukoMishima > 2 months ago | Report Abuse
Success or fail after 6 months we will know , during that time i hope joyvest dont hiding in hole !