There are punters who keep on giving false warning about CSL's profit performance with no grounds/bases at all as for three quarters' profits for 2013 are tip-top comparable to blue chips or even much better than them at about 90% of the price i.e 21c. So why should their 4th quarter profit be negative when their business is stil intact n no sign of lower volume of sales.This fear is purposely created to press down the price of CSL. So those who are fearful can stay away n not tearing down/harassing the reputation of CSL as they harming/punching a hole in the pockets of the genuine investors of CSL. You are the real culprits with harmful agenda to destroy the wealth of real investors.This is really despisable n shameful without any dignity.
Fj active again...meaning the end is near...let her talk..last few days of csl...gasping for air..better keep th air in u than to talk so much...hahahaha
Fj...pls..pls..be realistic..i dun wana attack u..just hope u pare down a little...dun put all egg in one basket...uncle dun wan u to waste ur hard earn money on cf crook...
edkfc : They won't give the list. Needs the directors approval according to them. CF has already sold down their shares and that explains the high share liquidity compared to all other China stocks. CSL share price appreciation depends on the div. announcement. The minutes of the SGM Q & A session were taken by the company secretary and should be good enough as an official document to confirm CF's affirmation of the div. policy - better than sound recording!.
I just wonder how old is this uncle?!! maybe 80yrs old
wahaha126 : Is shareprofit one of your disciples? Must be same gang lah! All waiting to buy cheap. Not like datuk who has abandon chinaSexylady now and don't want to play with her anymore.
Doom preachers, sell all your shares but I will be faithfully enjoying my joyful life with my prefect lover,CSL n the old man will be extremely disappointed at his last breath bcos still seeing me make tons of money from CSL investment. Cheers! the smart investors of CSL n you have the right choice.
I just started looking at this one and read the last few pages in this forum. Lead Champion Group (i.e. insiders) seems to have sold like a bat out of hell in the second half of 2013 at prices from 0.20 to 0.30. A couple here have speculated that insiders were selling with the intention of buying back later at lower prices. This doesn't make sense to me, selling 25% of the outstanding shares at those kind of prices, unless this is (a) a fraud or (b) the insiders were buying shares back at the same time they were selling. I note that they sold one block of 120 million shares at 0.30 on 12/7/2013 and another 160 million at 0.30 on 15/8/2013. Both these sales were above the market, which was trading around 0.25 to 0.28, and far in excess of the trading volume on those days. And issued shares are around 1.2 billion so that each of these blocks were close to or in excess of 10% of the total shares. Any opinion as to my theory, that insiders or entities controlled by them could have been buying back shares at the same time Lead Champion was selling? Also, does anyone know anything about RT LLP, their new auditor? They don't appear to be heavyweights.
ELPINCHERINGO: at this stage of tp " worse than PN 17 counter ... how lower could be the tp IF this counter appears tobe 40% fake 60% real!.... due to major holder pledged their 50% 0f 1.2bil share to bankers at 90c, 75c, 60c , 45c and lastly 30c.......
ELPin...,according to Mr CF when confronted during SGM he mentioned that it was due to forced selling by financial institution and a fixed deposit of RBY1.6bln was deposited with China Agriculture Bank at 3% interest for 3months.I asked him why he didn't stop it he said it was too late when he came to know about it n that portion sold might belong to the demised Manager Director So how can the co be unsound when the profit is so good n so liquid,it is the adverse propagandas n a group of hostile punters/speculators with their own set of agendas that deceive the public n have turned it into a falling knife. All their accounts are audited on time n the current auditor whose headquarter is the 5th largest in the world n 15th largest in S'pore.
dear fj...if u tink tat watever we chat here can influence the market..ur too naive...we are just ikan bilis and price movement is due to underlying strength and weaknesses in the company...the company dun allay shareholder fears by regular quarterly distribution...no announcement....no action...so for u to parrot wat cf said carries no weight....esp when NO ACTiON
Also during SGM the CEF n Mr CF had promised the investors that the company would continue to pay a dividend of 20% of the profits n since the 4th quarter of the profits were not audited yet.So it was difficult to determine the amount of dividend n hence we must wait for the completion of the a/cs to get the exact amount.
Shareprofit,you can talk to others but not me as I don't want to waste my precious time with you so kindly don't refer anything to me in the future,hope you respect my choice of choosing friends in this forum,thks.
Fam Genny and wahaha, Thanks! I think I understand, that Lead Champion Group pledged its shares to the bank and was forced to sell. Fam Genny, thanks for sharing info from the SGM. If I understand correctly, Lead Champion pledged its CSL shares and a 1.6 billion Renminbi cash deposit as collateral for a loan? And Lead was forced to sell when the value of the collateral dropped? His comment that the shares might have been owned by the demised MD is strange, since Lead Champion owned the shares, not the ex-MD. You have a good point, the company has lots of cash in the bank (which the auditors should be able to easily verify) and good free cash flow. This company is either dirt cheap or a fraud, and I guess time will tell. At the risk of sounding prejudiced, the fact that Mr. Chan Fung is a Hong Kong citizen instead of from the PRC is somewhat comforting. The one time I was burned in a fraud, the Chinese insiders of a listed Hong Kong holding company took the chops of the Chinese subsidiaries and the holding company was bankrupted.
Elpin..,The Company's cash is not the directors'cash,the cash cannot be used as a collateral for the loan of the CSL shares pledged by the directors n if they do it,it is amounting to embezzlement/misappropriation of fund which is criminal if the director does it. The CSL shares pledged are used as collateral for loan borrowed by the directors n when it has become a falling knife they have no choice but succumb to forced selling if they don't have sufficient fund to top-up or service their interest.When the supply of shares is increased greatly,naturally it causes the drastic drop in the share price even the company performance is excellent unless they are able to mop up the excess shares floating in the market. These circumstances probably have brought about the tradegy to CSL investors causing huge losses to everyone except punters.
Elpin,I am 100% sure of the fixed deposit of RMB1.6bln n MR CF declared it in front of the shareholders and registrar,Co Secretary n Auditors n mentioned it was kept in China Agricultural Bank.
so....anothr reasons not declaring divident...all money locked in fd...wow, fj..ur the best cf assistant wif so creative reasons for this and that!!!!!
China company normally is like that la; example Msports also promised to pay 20% of the profit, 2010 paid div 2.5c, 2011 paid div 3.11c, but 2012 & 2013 reluctant to pay the dividend although profit!
Hamitouzhi,I am confident CSL is different from other Chinese companies bcos 1) they have declared it publicly during SGM 2)it is very liquid n the interest alone is enough to service the dividend n who knows maybe even bonus dividend. Just wait for the announcements n be patient.
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....
wahaha126
3,120 posts
Posted by wahaha126 > 2014-02-23 19:03 | Report Abuse
no touch counter until Q4!.. 1st of "last warning",,,,,,,