| Latest Forum Topics / China Sports |
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SembM Re-Born Rich
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piggyporky
Member |
17-Aug-2015 14:38
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huh? Cash equivalent is SGD0.07. Share is only trading at SGD0.016.   Isnt' s this  a massive discount? so share should go up ... isn' t it? |
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fruitfulness
Veteran |
17-Aug-2015 14:30
Yells: "May the Lord God establish the works of my hands!" |
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China Sports announced massive write-off of its trade receivables, amounting to a loss of nearly S$0.07 per share. This showed the great incompetence of the Lin brothers who are running this company.   They have not been able to face up to the strong competition, closing down the sports accessories division last yr, the apparel division this year and the significantly reduced order for footwear thus far.   My as well, sell the business to more capable third party.   NAV has been reduced to less than S$0.17 per share (from S$0.24 per share).   Cash equivalent per share is now about S$0.057, reduced from S$0.0711. So it is time for OSIM and the China Sports CEO to work towards delisting soon? Time to load for some speculative play?     |
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lglg666
Supreme |
14-Aug-2015 12:14
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Lets see how well it can handle the lunch time low volume biz....and if it is still at 1.9c then it should be able to close in the green at 2c or above. | ||||
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lglg666
Supreme |
14-Aug-2015 10:46
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Agreed....a possibility to close at that level if volume can shoot higher.
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fruitfulness
Veteran |
14-Aug-2015 10:45
Yells: "May the Lord God establish the works of my hands!" |
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Aiyo, not so fast leh. Have not loaded for the next round of play! Hopefully, the quarterly result will be out this evening or early Mon morning. Wanna see whether there is any further depletion to the cash per share it is holding.   Maybe share price should return to 1.8 at the end of the day??
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bishalnb
Master |
14-Aug-2015 10:34
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isaacsgx
Elite |
14-Aug-2015 10:26
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lower profit only, not even a loss! Anyway, devaluation of rmb good for china sports, increase in export sales.
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bishalnb
Master |
14-Aug-2015 10:16
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2c n going up... target 2.4c
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outlook
Senior |
14-Aug-2015 10:14
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Hope it will break out of 0.02 today and surge if enough people still have confidence in this stock
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ash902
Veteran |
14-Aug-2015 09:46
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reminds me of eratat, short term play ok, but don' t dabao can already
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lglg666
Supreme |
14-Aug-2015 09:42
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If break out from 2c....then it will surge higher
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lglg666
Supreme |
14-Aug-2015 09:40
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Should be running today....:)
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bishalnb
Master |
14-Aug-2015 09:40
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outlook
Senior |
14-Aug-2015 09:39
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China Sports slowly recovering. now 0.019. hope it can go up to 0.024 level  by 1-2week
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papayaface
Supreme |
14-Aug-2015 08:43
Yells: "This is the best time to enter....when everythings uncertain" |
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Yep because accounts are also in RMB, so no impact but NTA and EPS is lower on conversion to traded price on exchange.  Anyway, share price is way below NTA, should have no impact. Good luck    |
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lglg666
Supreme |
14-Aug-2015 08:25
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Already priced into the present price. But with the recent devaluation of the Chinese yuan....products from China should do well as its cheaper to others. So this is a good thing, yes?
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lglg666
Supreme |
13-Aug-2015 22:55
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With latest devaluation....sales should go up since it will be cheaper | ||||
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kelvinleow79
Senior |
13-Aug-2015 18:53
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CHINA SPORTS INTERNATIONAL LIMITED Incorporated in Bermuda (Company Registration: 39798) PROFIT GUIDANCE FOR SECOND QUARTER OF 2015 In anticipation of the announcement of the unaudited financial results for the second quarter ended on 30 June 2015 (&ldquo 2Q2015&rdquo ), the Board of Directors of China Sports International Limited (with its subsidiaries, the &ldquo Group&rdquo ) deems it appropriate to issue a profit guidance in respect of the financial result for the Group for 2Q2015. Based on our preliminary financial figures, the financial results for 2Q2015 are expected to decrease compared to the first quarter ended 31 March 2015. Further details of the Group&rsquo s performance will be disclosed when it announces its unaudited financial results for the second quarter ended 30 June 2015.   |
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lglg666
Supreme |
13-Aug-2015 14:11
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Still accumulating......BB eat but not full yet.
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lglg666
Supreme |
13-Aug-2015 11:19
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Resting or sleeping? | ||||
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