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Spackman entertainment
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FrancisLim
Elite |
31-Dec-2018 10:20
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Basically, in the absence of significant share buy back, and significant share purchases, all these announcements and statements are bs, and they are to let those who held swapped shares at decreasing price of the co, to unload. If you follow the supposedly positive news, they have been unloading against you. Also, all these news are quite frivolous in the absene of folllow-up and giving lame excuses for not carrying out. Those who bought the shares on the news, suffered the price drop. Where are the p/l and cashflows from all the good news, the accretive endless swaps, the renting of equipment, the high ratings dramas and vod distribution and now, Default grossing US$27 million? Not to mention, news on crypto coins, listing of SMG on HK exchange, Chinese interest in the subsidiary, ipos of equipment rentals - all these bs to move the price up to unload the shares as can been seen in the fall the share price..
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guards80
Supreme |
31-Dec-2018 10:06
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Everyday down. Jialat. | ||
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Chinlee3
Member |
28-Dec-2018 16:10
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good luck bro | ||
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kelvintan84
Veteran |
28-Dec-2018 16:04
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Entry:23
3pips trailing sl |
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Chinlee3
Member |
28-Dec-2018 12:50
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You can say whatever you want..please look at the price now. My EP was 0.033 only weeks ago. | ||
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FrancisLim
Elite |
28-Dec-2018 10:25
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BT 7 May 2018
" Richard Lee, Spackman' s interim chief executive and executive director said the company' s valuation " remains significantly lower" than its industry peers, despite returning to profitability. Catalist-listed Spackman was trading at S$0.074 as at 2.57pm, up S$0.003 or 4.23 per cent." Instead of swapping shares with other entities and causing the share price to fall steeply, the interim CEO, Richard Lee and the CFO, Kay CA shoud simply do share buyback, where price has fallen to 1/3 of the price at the time, where Richard Lee put the statement that the share was undervalued. Also, in the light of continuous positive news released by the co since the announcement, more so, the share price now is highly undervalued... "
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FrancisLim
Elite |
27-Dec-2018 10:19
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Have to be careful on the co' s announcements. They are good news for the company but the profits and cash apparently did not show in the co' s performances. Masters raked in US$52 million, but the management had to resort to accounting to show a profit i.e. to account for the share price of its associate when it swapped for another co share. These swapping are very bad for the minority shareholders. If not for these swapping, the performance of the films like Masters and Priests etc should show in the company' s profits substantially. Time to have a permanent CEO and a new CFO to cut all those dilution of minority interests and to aks the question where is the cash from the blockbuster like Masters, and what abot the subsequent sales from Video on Demands. |
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jackjack
Veteran |
27-Dec-2018 09:30
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Bad market sentimental is not the problem. You can see even on good market there all a lot seller taking opportunity to dump their shares, which is their own management itself. Dirty company | ||
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FrancisLim
Elite |
26-Dec-2018 16:39
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The first swap with SMG was in Dec 2015, at the price of 15.04 cents for the CO. The last swap was done in June 2018 at 9 cents of the Co. SMG price was always fixed at USD3. So each subsequent swap is at a lower value of the Co share and therefore more shares being issued, while SMG price remain the same, even though one wonder where the contributions since the first swap in Dec 2015. Not too sure there will not be any swap, also the last swap for purchase of another co in this year, the Co share price was calculated at 4.7 cents. In the absence of adverse news on the Company and all the good announcments, the sharp fall in price has been due to the swaps. Granted the DJ fell, but this Co is doing film related not involving USA and China, and all the announcement on its contacts, good attendances at its films, where the contributions to the companies of those companies that the Co bought so far? |
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sbscap
Master |
26-Dec-2018 13:09
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My wild guess is that below 2.0c, the swapping will pause because the number of shares to be issued will be so huge that everyone, particularly the folks in SGX, will notice. This could be good for the share price for a good 10 bids. Anyway, Spackman is not alone. The entire SGX and other markets are coming down quite a bit. | ||
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jackjack
Veteran |
26-Dec-2018 11:47
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As long it is not 0.001 you still can earn by shorting this | ||
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guards80
Supreme |
26-Dec-2018 08:50
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will it be below 20 today?? | ||
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morgany
Veteran |
23-Dec-2018 13:53
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Hey man...last night Man Utd won the game with a new stand-in coach....how about Spackman stand-in CEO? won nothing from the market/investors...? we need to change a new CEO..Pettition for a new CEO here: 1. Morgany 2.
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FrancisLim
Elite |
21-Dec-2018 11:14
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Read this link on Spackman Entertainment Group: http://governanceforstakeholders.com/2018/06/11/query-system-needs-to-be_reviewed/ SGX queried on the basis of valuation of the share swap for SMG. The company gave a half baked reply. Unfortunately, SGX did not query further. The Co used RHB Security Analyst' s estimation of the price for SMG. However, the same analyst predicted the Co share price to be above 25 cents, and then this year lowered to 10 cents. If the co do another share swap, the share will definitely drop futher as shown by all the series of share swaps. The supposedly positive news to push the share price up to allow the swapped shareholders to unload their shares. |
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eric998
Supreme |
21-Dec-2018 10:36
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reminds me of YxxZOO | ||
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jackjack
Veteran |
21-Dec-2018 10:30
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Rubbish management already known since it drop until 10 cts. But, ppl are still willing to get fooled them with non stop release so called good news | ||
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guards80
Supreme |
21-Dec-2018 08:56
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Going see 20 soon??? | ||
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Berani
Elite |
21-Dec-2018 00:08
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ppl dun like the korea movie anymore?
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kelvintan84
Veteran |
20-Dec-2018 22:27
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Good for trading bad for investment. The management and the IR do not know their job well, do not know how to calm the market and did not put investors' welfare as their priority.
Long term investors should attend their AGM and give them a piece of their mind. Rubbish bunch of people. Traders are much easier, just look for strong support, ride up/ down with proper SL plan. |
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jackjack
Veteran |
20-Dec-2018 17:01
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Sayonara. Creating new low again | ||
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