| Latest Forum Topics / Shen Yao Last:0.002 -- |
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Shen Yao (Miracle Medicine?): New Beginning!
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black_white
Master |
23-Sep-2021 22:23
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Albert Einstein once worked out the answers for 10 math questions. He got the first 9 right, but nobody applauded him. For the last question, he purposely made a mistake - Everyone pointed that out to him and laughed. It became the talk of the town for that week, especially since he was considered THE GENIUS of the century. Moral: People will always remember your mistakes.  Shen Yao made the right bets to go into hedge funds and real estate analytics for long term growth. But they may not have been the best persons to oversee mining operations given their backgrd - Hiring someone expert in that area may be limited in its help since without knowledge, the chairman himself cannot have full understanding. But time will give the experience. Similar to what Aksa has said, luckily operations did not stop. More importantly, no one died. This will serve to strengthen their experience in managing gold mines.  Others may not give Shen Yao a chance, but I would, despite this " mistake" . |
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black_white
Master |
23-Sep-2021 22:06
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Bro, I totally agree on this. That is why he had to do a management shakeup - Imagine all the employees and owners in the past are just salaried employees. They don' t care whether company makes money or not, as long as work is easy and they get their paycheck every month. Now, they are the owners and employees at the same time. If you are the boss, would you want to keep those who do not want to work harder and earn money for the company? Would you reward loyal but lazy employees, or hardworking and aspirational employees who may not be as loyal? It is indeed a fine line to thread as there is no right or wrong. 
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black_white
Master |
23-Sep-2021 22:03
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The bad news had been out for almost 2 weeks, with earlier news in the months before. This could have possibly contributed to the drop in share price. Regardless, after such an extended period of time, I would reckon all these negative sentiments had already been factored into the current price (that was why the constant drop). Why it go lower? Maybe, maybe not. Because now with new management, they will have new network of investors and believers - And hopefully, Mr Yao is convincing enough to get them to pour in and contribute financially. His forte was in finance, hence they set up Plutus Mazu. This was necessary in order for him and his team to leverage on their strengths.  In time to come, I would foresee Plutus Mazu and the Real Estate analytics overtaking gold mining as the core business. Together, they would likely profile their company as a wealth management company. And what he is doing is literally vertical integration, unlike what we see from Aviva, Prudential, those big insurance companies. When they invest, they buy not just into the stock or funds of that company, but they literally dabble their hands in it. This again takes time as they need to build up experience.  All those above are assumptions and the vision that I see Shen Yao moving towards. However, it will take time and patience - Biting off more than they can chew so quickly will result in choking. Let' s see how they will manage this... |
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black_white
Master |
23-Sep-2021 21:54
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In hindsight, we don' t have to be too worried about this. Australia has very strict workplace safety requirements. In fact, our Singapore workplace safety and health concept was adopted from Australia' s practice. Mine accidents are common. You can google this. Not that it is an excuse, but accidents happen at workplace frequently in many other sectors as well. A case in point would be manufacturing where workers are injured by machines, but it does not affect operations much. In fact, without any deaths, this accident serves to strengthen management' s experience.  The high turnover of staff is expected with new management. When new management takes charge of a company that had been in debt and mismanaged, the old birds who are usually the cause of the problems need to be re-educated, and failing which, to be removed. I believe this is also the reason why the company is diversifying - For a simple reason to minimise risks.  The chairman has worked hard to source for new business in new areas. He has looked at restructuring the mining company which is their subsidiary. This shakeup was necessary in my opinion to turn the business around. It shows positive action - Except that there was an unintended effect of a gap in expertise for a period while operations had to continue to ensure continued profitability.  |
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black_white
Master |
23-Sep-2021 21:30
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If you ask me, everyone wants to see results, but it takes time. To fulfil expectations, this is what happens - Double the drilling and development, etc... Resulting in greater risks when corresponding works do not catch up fast enough.... Hopefully everyone can tone their expectations and let the developments progress gradually at a comfortable pace. If not, the company will bite off more than it can chew.... I don' t expect this to rocket up, but I do see potential if managed properly without the constant expectations of rocketing up. | ||||
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surgiooo
Member |
23-Sep-2021 21:23
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https://www.afr.com/companies/mining/union-seriously-concerned-over-ballarat-mine-safety-20210910-p58qjs   |
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tommytan04
Member |
23-Sep-2021 19:33
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https://links.sgx.com/1.0.0/corporate-announcements/9J8QSNBPMYWWV5O5/cd678ca91e9632bbff66382567e5185d1997dcd7827d2d2c17db570d625bce3c | ||||
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Endlessdream
Member |
23-Sep-2021 19:26
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Ya la bro akasa, I know his sorrow, I am also a businessman, I can feel it. But he had use a wrong method to run his company, running a company is not just thinking of himself, even the make coffe untie must be happy also, then yao Liang can drink a nice fragrance coffee every morning 😀 😀 😀 to start his day☺ ️ ☺ ️
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akasa888
Veteran |
23-Sep-2021 19:19
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Bro' , don' t be so sad, you are not the only one affected. The one who should be crying is Mr Yao The capitalisation of his company has gone down by half Spare a thought for him, his head is now twice as big    |
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Endlessdream
Member |
23-Sep-2021 19:12
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The only person can prove me wrong is Yao Liang.   If he can make this shares goes up to $0.02 by next week, then I really under estimate the power of one person holding majority shares😅 😅
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Endlessdream
Member |
23-Sep-2021 19:08
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In sgx. Hundreds and hundreds of shares is not moving. I ask myself why? I hope my answer is correct, majority of the shares is with the bosses. 😂 😂 😂 correct me if I am wrong😂 😂
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Lightyear
Veteran |
23-Sep-2021 18:56
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I guess the owner can't be bothered as majority of the shares are in his hands. Movement up or down depends on him...
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Endlessdream
Member |
23-Sep-2021 18:33
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If everyone thinking of long term, then I think we should buy insurance/ fund with guaranteed you will still get back your capital  and look at medtec, top gloves, riverstone, one year the price up and come down. They company business is still very solid, why still come down? As mentioned previously, some shares got season SY, I hold lone year plus sine June last year, gold haven' t started moving, it come trembling down MY GOD
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Endlessdream
Member |
23-Sep-2021 18:26
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Hello all brothers. Did you' ll realise. Whenever there are news for other stocks, their shares Chiong. latest one is hatten land, share price almost double    So when SY announced hedge fund etc, this counter no movement. Is it big fish not interested in SY? Or Yao Liang name is stink in his industries?? Why JMP , is it JMP that give a loan to SY, why he leaves?? For me as a businessman, I would think because the shares not moving, not making money. I may be wrong, but as mentioned previously, everyone wants to make money in stock market, not lost. Maybe yao Liang don' t know how to play the game as I had mentioned previously, that' s why one after another is leaving his company😞 I called SY office twice, nobody answer the call, very strange, I email to them, nobody bother to reply. honestly, I don' t know is SY ok or not??😂 😂 . I am vested, but I got many doubts now  
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akasa888
Veteran |
23-Sep-2021 18:02
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News just out, section of tunnel collapse in March. Lucky, operations still on-going   |
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black_white
Master |
23-Sep-2021 16:30
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Based purely on chart, it should move up in due time. Bottom out until cannot bottom out anymore - Barring any unforeseen cicumstances.
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TheMatrix
Elite |
23-Sep-2021 16:27
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So cheap, good price to buy.
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black_white
Master |
23-Sep-2021 16:09
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Added at 4.  | ||||
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surgiooo
Member |
23-Sep-2021 14:25
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I susspect the price drop movement is due to  china evergrande new recently... as SY also involved with real estate business in general. the final outcome of  china evergrande will have impact on SY price before AR. DYOD   |
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Starship
Supreme |
23-Sep-2021 11:45
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