It seems that they are planning to fix private placement price at around 50 sen. Jeffreyteck is right, forever asking for money but never paid dividend.
asking for more money from investors to reduce gearing to save interest and for business expansion in different segment also wrong? all companies doing business this way right? I thought it is logic.
bought back . to me PP is 3rd party see good opportunity in this company so propose to buy big blog with discount .(not so fair to public)these investor willing to pay over 20mil for new PP so they should be confidence to make money from their investment . the last PP issueat 48c and 52c . the last high is 74c ( count back before bonus issues value) . means after the last PP the share price jump from 50c to 74c. (price is counted as value before the bonuse issue )
auditor issues was brought out during the last annual report. if you are reading it carefully , it is all stated in the annual report. that is why they did an announcement and trying to get external party to rectify all the issues.
Auditor qualified the company’s financial statements is very serious issue. The banks may call back the loans due to serious findings on their financial.
Look at the past records of London Biscuits' external auditor 2002 - 2014 : Wong Weng Foo & Co (reprimanded by SC/AOB) 2015 : Adam & Co. (reprimanded by SC/AOB and resigned on 5 Dec 2018) 2018: Nexia SSY. Nexia SSY was reprimanded by SC too in Jan 2019.
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....
sell
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Posted by sell > 2019-02-17 10:05 | Report Abuse
Will drop below 50 sen with PP news?