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Chasen
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Chasen
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bigsmall
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18-Jan-2018 10:22
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These BangaLee market maker playing around SGX MTP rules --- now let daily volume be low like 100 to 200 shares then nearer review date they just pump up few thousand lots to get minimum $40 million MC knowing CPF long time holders cannot buy. After get out watchlist they let share price slack due to ' market force' and most critical is CEO don' t focus on share price (not I say, CEO in reply to shareholders).So smart. | ||||
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josephyeo
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12-Jan-2018 14:50
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trading now at 0.077 n 0.078
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WL123456
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12-Jan-2018 09:31
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V good analysis . Should start to pick up Soon . WIll be watching this stock . Good value right now although no volume .
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josephyeo
Elite |
12-Jan-2018 00:27
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Results on Chasen expected to be out before middle of Feb. Share w you some notes : 1. Price - current 7.2 cts. 52 weeks high 14.3 cts. Low 2.8 cts 2. Nav (Net asset value) - 17.8 cts 3. Profitability - 1st half ending Sept ' 17, profit S$1.7 mil 4. Capitalisation - 26.7 mil 5. Trailing P/E - 6.3 times 6. Management comments :       a) the Group expects its Specialist Relocation Business Segment to continue to contribute positively       b) the Group also expects further growth in the cross-border traffic across Southeast Asia.       c) recently secured projects by construction related business in the Technical and Engineering Business             Segment are expected to commence by the end of the current financial year. Above are for info only. Pls refer to its financial report for details Vested     |
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bigsmall
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05-Jan-2018 14:36
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UncleTeeToo you win because u lucky, the BangaLee market makers must be on toddy. Where u disappear from forums - I like your boastful rant (NATO) against Chasen. Sekali u kena more consolidations unitil u left with 1 lot so don' t boast. UncleTeeToo 2 Chasen 0   |
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andysim83
Elite |
03-Jan-2018 11:36
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haha conso is just to meet the min...where will solve problem 1....aiya the CEO also tcss...if short term no new biz ..how to sustain n will lead to sp drop also...hah...see what they can do lo in this 2 years to solve the MTP
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bigsmall
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03-Jan-2018 11:22
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Not so fast, consoldation cannot solved Chasen MTP because the CEO say don' t focus on share price. But focus on businesses but then with all the projects they had last year the share price keep on dropping - meaning what ? Why do people buy shares --- OF COURSE they hope the share price appreciate thru' time ( 10 years or 20 years ? ) fyi  - if I' m not wrong at least one stock did a consolidation due to MTP then the share price drop below $0.20 again (maybe CEO no focus on share price).
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NextEvolution
Elite |
03-Jan-2018 09:28
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Cumming Cumming...... LOL
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NextEvolution
Elite |
03-Jan-2018 08:55
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The one laggard. This week should see Chasen wake up from deep slumber..... TP 8.x next week.... Let's see | ||||
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NextEvolution
Elite |
02-Jan-2018 16:36
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A matter of when it break out.... From 7.x towards 8.x
Collected some more on the low last few trading days
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andysim83
Elite |
02-Jan-2018 16:24
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by 2020,then the company do a consolidation lo then can meet MTP liao lol..
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WL123456
Supreme |
02-Jan-2018 16:21
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The catalyst for this stock should be new contract wins . We should expect contracts wins from China and Vietnam as well as new areas such as Myanmar . | ||||
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Battle123
Elite |
02-Jan-2018 16:19
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Is OK long term. Be patience lor
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andysim83
Elite |
02-Jan-2018 16:15
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lol chase until no horse running liao...everyday low volume immune to market lol....can really put into looooooonng term as what management say...
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NextEvolution
Elite |
02-Jan-2018 14:05
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Whatever the story behind, this one coming.... Chionging ..... Let's see | ||||
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bigsmall
Member |
22-Dec-2017 11:30
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Management strategy quite flaky --- if not on watchlist their $70 million contracts could be more. If Chasen delisted and become pte ltd --- $7 million also hard to secure because there are other relocation specialists pte ltd --- maybe they think customer got no internet access so they don' t know delist by 4 jun 2020 because of MTP especially the CEO say don' t focus on share price. |
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beginners
Veteran |
21-Dec-2017 18:32
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Not only tell you don?t bother. Indirectly is take it or leave it. Money already in his pocket. Your money that trap in this company share is not his problem. 😡
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josephyeo
Elite |
21-Dec-2017 16:05
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Last year full year profit (2017) ... S$2.6 mil Half year current year (2018) ... S$1.7 Full year result estm (2018) ... S$3.4, based on assumption that 2nd half result is the same as 1st half. Up 30% against last year. Dividend yield likely to be more than 1% based on historical payout Just sharing ... dyodd. ... vested   |
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WL123456
Supreme |
21-Dec-2017 15:19
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I am watching the development with concern . I hope the company announced some good news to shore up the share price . The have not announced new contract wins for quite some time . I hope new ones are coming .
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bigsmall
Member |
21-Dec-2017 15:14
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From the CEO response on NAV, another motherhood statement : " That the share price trades below the NAV per share on SGX is not unique to our counter" Just before the recent Rights issue beginning Jan-Feb 2016 ---- share price slammed to about 3 cts while NAV about 22 cts. That is 86.3 % below NAV ---->   [(22-3)/22]x100 = 86.3% Which counters in SGX have 86% discount to NAV and is or are consider a good stock run by effective management and many invest in it  ? Not saying that good companies cannot price below NAV but Chasen is HUGE discount. CEO contradict Non-Exec Chairman. In 2015 the Non-Exec Chairman stated in AR2015 pg 3  : " The Share Price of our Company has been trading well below the Group&rsquo s Net Asset Value for quite some time aggravated by the lack of trading liquidity in the generally lackluster local stock market. Your Board would concurrently address this issue and that of achieving the Minimum Trading Price policy recently set by SGX over the next few months"     --- NOW 2017 ---- 2 years and the price dipped further to 6.8 cents.   |
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