I treat this counter as desert only. No matter what happen, it wont hurt me. Im not up to the "m" level yet. I also added some on the last dip, 0.115 as well. This wave should be higher than the previous wave.
Cumulative net outstanding treasury shares as at to-date (units) 10,000,300 Adjusted issued capital after cancellation (no. of shares) (units) 0 Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 0.81
Company rugi 280m woe... lagi brani... musang will see 6 cents... also dont want to eat... hiih... better play most potential and most safest counter... glotec... menawan kluarga bahagia
Kuala Lumpur on the 5th News) China Stationery (CSL, 5214, the board of consumer products stocks) expects China plant earlier affected by fires, will gradually resume production within two months, and have the confidence to retrieve orders from existing customers .
The company executive chairman and chief executive officer Yong Guan Yin at the end of the shareholders' meeting, said: "China's Fujian plant after a fire, only recently opening up people into cleaning up, so expect about more than one month will be able to gradually resume production."
He said that since most of the production line is affected, does not work for some time, leading to allow the company to face the pressure to lose orders.
However, the company continued contact with customers, to regain production orders.
Off Wing Yin said: "We have the confidence to get back orders, as are long-term customers."
April of this year, China Stationery factory is located in Fujian, China, the occurrence of fires, capacity severely affected.
Although the last time before the deadline to submit a successful fiscal year 2013 audited financial statements to Bursa Malaysia, no suspension, but because the auditors issued a "negative declaration" (Disclaimer Opinion) which was included in the PN17.
Currently, auditors are still waiting for the company to provide documents, conduct special audits in order to consultants to draw up restructuring plans.
He said it has appointed consultants to carry out the reorganization, hoping to from PN17 soon.
The company speculated affected by fire, may suffer 300,000,000 32.73 million yuan (about 100 million 715.2 billion ringgit) loss; while the second quarter ended June 30 into 200,000,000 41.08 million ringgit loss.
Retain cash maintenance of plant
Since China Stationery no dividend in fiscal year 2013, drew a small shareholder dissatisfaction.
A small shareholder, told reporters: "As the company has a huge cash, so we are suggestions director dividend."
According to the latest annual report, China Stationery currently holds 2.366 billion yuan (about 1.227 billion ringgit).
Off Wing Yin later said no dividend payments in fiscal year 2013, mainly because there are negotiations with the third party investment projects, the need to retain cash, plus the need to repair the fire-affected plants.
The company has said it will continue out of proportion from 20% in net profit earned, as a dividend to shareholders, but the future will Xu as the case before deciding whether or maintain 20% dividend payout ratio.
In addition, the Chinese continued in Indonesia and other stationery ASEAN markets, explore opportunities to set up factories.
Kwan Wing Yin said earlier plans to set up factories in Vietnam, but the anti-Chinese event, so shelved.
If you find a suitable place to set up factories, will be able to help the company diversify risk.
Playboy,with RM1.2bln in hand it cannot space rm50mln for dividends you still want to harbour hope in this kind of company. You can pass resolution to buy have sbb at 13c but may not implement it and this may be gimmick to lure innocent ones to buy their shares. Give up hope after losing RM40k but luckily didn't affect my livihood or finance. But made back when invested in other shares,be cautious is my advice.
FJ i remember its my feeling ask you not to buy and wait till 0.16cnts to buy but because of fire it goes down more .. and now its my feeling say worst is over and time to buy ..and with 1.2 bln in hand its move faster..now or never cause you will not see this price again..just my feeling !!
When share is concerned it is better to use brains to estimate it worthiness than feeling. Likewise even when you deal with your own feelings with humans the brain will help you to assess his sincerity and his loyalty to your love so it is wise not to let your feeling overshadow your sensibility.
Playboy,I never knew there wss a company that had RM1.6bln and with such FA can be a falling knife.Then the fire woke me up and after using my brains to assess it,I came to my senses and escaped together with the remnants of my investment ands ran for my life.
Playboy,at first I have used my heart to trust,never use the brain to suspect earlier until it proves that it has no creditability then only use my brain but too late it has cost me Rm40k.But I savage the remnant and can be considered fortunate also.
Don't put all the stake in one stock....said Warren buffet At this price ...small invested amount to average up or down , regardless below 10c or shot up . Greedy kills everyone . Unconventional strategic in uncertain circumstances , if you wish to have some pieces in this counter Power of leverage...
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 > 2014-09-08 10:23 | Report Abuse
Buy! Why no buy lah! Move on.. Chinese sexy lady!