jakeT why doing so bad lately? insider selling bcz bad result? 28/05/2018 13:10
quarter result not bad, revenue improved multiple folds..however, operator seems like not pushing the price...index up or index down also this counter not much changes..short term retailers started selling since many months ago..long term this counter depend on the indonesia projects adi..see they can get or not..
another contract RM20.44mil. I think their recent result in the red is also due to their cash flow problem cause coal trading need huge upfront payment. look at their receivables. bigger than their revenue o.o!
@spyron_09, maybe..but it’s been clearing at 11 cents during many sessions in past few weeks, it seems like it always falls back to 11/10.5 again..maybe I can get lucky hehe
since tara temasek become as substantial shareholder, lots of changes in terms of business model, some more recently just purchased 13 mil share thru open market, wait & see, maybe got surprise
As expected a loss making quarter. Coal trading segment contributed almost zero revenue this quarter. The so called CEO mentioned wanna achieve 150mil revenue in FY18 from coal trading LOL.
@zackID , no news. this counter always announce a lot of business proposal but nothing materialize. their construction and m&e biz seems to be reducing drastically while their coal biz seems to be going dead. the ceo mentioned 150mil of coal sales in FY18, so far their coal sales mostly occured in q1 and not even half of 150mil. this is why q2 and q3 look so shit. seems like no more coal sales as well
just announced 200million bond issue..should be using the proceeds to fund their acquisition of indonesia projects or undertake a huge venture..200 million bond issue and current market cap 45 million..
pasukgb request to delay private placement by 6 months, this can hint you that the price now is very low and they have no ability to push it back up in near term..
@yungcrystal, if you are not desperate for the cash then can hold..right now it seems to have stabilize around 5 cents..I’m guessing most of the short term retailers have already sold and now left with long term holders..I personally would buy if it breaks 8 cents..
@yung already so low, easy up back..at 7 cents this company only worth 57million yet they managed to obtained 200million bond facility..somewhere not right..
i think at the moment is undervalued if you compare against other penny stocks which are in the same category..maybe sharks press the price to make retailers panic sell from 15 to 12 to 8 to 5 cents..what’s ur avg cost?
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ezmoney
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Posted by ezmoney > 2018-06-01 10:19 | Report Abuse
jakeT why doing so bad lately? insider selling bcz bad result?
28/05/2018 13:10
quarter result not bad, revenue improved multiple folds..however, operator seems like not pushing the price...index up or index down also this counter not much changes..short term retailers started selling since many months ago..long term this counter depend on the indonesia projects adi..see they can get or not..