APB is expected to nosedive fast and furious when it resumes trading tomorrow. No supports but only a few of speculators are taking their chances of do-or-die....
CEB and Gtronik have similar postmortems.. with Fed cut rate around the corner, this will all go down to how they manage the debt. this is where CEB have the advantage, compare to Gtronik. but doesn't mean this is bad counter,.it just matter of managing the debt. for now.. i ll sit aside and watch.. more bears coming. time will come for good technical entry.. patient is the key.. for now..it a falling knife!
APB is impacted by the investment loss in Gtronic. Basically Gtronic has messed it up with its corporate governance issues leading to loss of confidence in the interim management.
It takes years if not century to establish the reputation but it takes second to destroy the said reputation leading to loss of confidence and trust among the investors.
It is believed that another round of exodus is expected for Gtronic. The incumbent auditors,KPMG is said to be communicating with the new auditors for the reasons why they quitted in protest.
They do have a controlling interest. There is a pot of gold (cash). Companies has been taken over & strip of it's assets before liquidation. A common practice.
The quickest way is to strip off the " cash reserves" from 200m to none. 60m has already been stripped off while the remaining of 140m is to be stripped off soon . NAB will be depleted soon , leaving the investors in cry like hell............
normally, if the major shareholders exit the company carry weight. It means their outlook on the company is negative. Further this is EPF, carry alot of weight.
The dividend policy was a legacy of the original 2 veterans , the Chairman & CEO. A way of rewarding themselves. It's a new generation, this policy might not continue.
NatsukoMishima & InfinityTifanny, it appears that short sellers have been caught off guard. We'll see how high the stock price can go, and APB is also showing signs of recovery. The chart indicators will show a reversal soon after today's pickup. Free Europe tours again for year end
APB is embroiled with a lot of issues such as suffering from huge investment loss of 100m +++ to excessive price paid for the acquisition of Gtronic , QR is deteriorating from one season to another season , material errors and misstatement in their financial reporting as highlighted by their external auditors in its recent audited accounts , loss of confidence in the interim management by its shareholders etc etc
limch and fregend, investors seem to have already factored in all potential concerns. It's now a matter of how the stock price will perform. Let us book our year end Europe tours.
They didnt change the external auditors at the AGM as a normal procedure and process but they are said to compel the auditors, KPMG to resign before expiry of their terms of office. It is believed that the external auditors have unfolded some irregularities for which the Company was not happy...
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....
jooortp
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Posted by jooortp > 2 months ago | Report Abuse
Retailers are the one buying the dip. When APB dispose, ikan bilis will burn hard...