I have this stock in my list... looking past 3 years earning.. it is improving but the stock did not follow...PAT 2009, 2010 & 2011 ; -62.1M, 0.254M, 2.2M and latest 3 qtr 2012 stand at 5.8M. based on these, i choose to hold and buy more at bottom...
low cash? no, net borrowing is more than 1/2 the turnover (as at 31.3.2012). Gearing is high (borrowing > Paid up capital), stock is high, margin is low. No dividend (no cash)......
We refer to the announcements dated 25 October 2012, 27 November 2012, 7 December 2012, 11 December 2012, 21 December 2012, 28 December 2012, 6 March 2013, 13 March 2013, 10 April 2013 and 15 April 2013 in relation to the Proposals.
On behalf of the Board of Directors of BKG, AmInvestment Bank Berhad is pleased to announce that the High Court of Malaya at Kuala Lumpur had on 26 April 2013 granted an order confirming the Proposed Capital Reduction. The sealed order will be extracted and an office copy of the order will be lodged with the Companies Commission of Malaysia for the Proposed Capital Reduction to take effect.
The effective date of the Proposed Capital Reduction will be announced in due course.
the proposal is good. reduce capital to cover all the dept. no need pay interest anymore. demand for recon lorry is high for comin years. this stock start earn back profit.
Isnt all the OR will not worth like what INARI have? I'm doing research on the right issue movement. Under what condition the OR will worth to trade?Mind to share?
This is a fuck up company that can't raise $$ through normal loans from the bankers, in order to continue running the company, they have no choice but to suck more $$ from the current shareholder by issuing more rights issue.
warrants at 6 cents now..its at least 4 cents overpriced. Prospect of the business gloomy. the Industry it is in is gloomy. The profit puny. Chances of upside..gloomy..Where is the cake??
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....
stonely
75 posts
Posted by stonely > 2012-02-23 11:58 | Report Abuse
Fyi, BKOON break resistance wt high volume & forming bullish divergence. Latest financial Profit up 372%. EPS raise from 1.86(previous quater) to 4.10 HAPPY TRADING :P