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Spackman entertainment
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FrancisLim
Elite |
10-Dec-2018 17:43
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The increase in the number of shares issued is due to (1) placements and (2) issue of new shares to swap for shares of Spackman Media Group and other entities. Why the share price dropped significantly after each swap? The imputed valued of the swapped entities are not apparent and the purchasers of Spackman shares, unloaded for cash. Spackman kept on announcing supposedly positive news, and the share price dropped, due to share unloading. The swaps should be examined. They add no additional cash flow and significant profit to Spackamn. In fact, they are dilutive of Spackman value as seen from the drop in share price through the years. Also, the original purpose of swapping for Spackman Media Group in 2015 to allow it to list in HK did not materilise with whatever excuses. Yet the swaps continued during this year. Similarly, shareholders have to be careful of the proposed spin off of the cos within Spackamn. It sounded the same as spinning off of SMG. Since the spin offs being announced, the share price has been more than halved even with the positive news on drama, on box office, etc.
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tonytan44
Supreme |
10-Dec-2018 17:40
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buy 27 should be able to make some money tomorrow. this type of market didnt lose money still can make some money very good liao
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newbieliu
Elite |
10-Dec-2018 17:29
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lol me too sianz
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tonytan44
Supreme |
10-Dec-2018 17:04
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hope i picked up some durians
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tonytan44
Supreme |
10-Dec-2018 17:01
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after a few days i cant get at 26 today i bought at 27.
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sbscap
Master |
10-Dec-2018 16:18
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Yes, a joke. In 6 years time, the scholars who gave the approval would have have become perm sec or heading other GLCs. | ||||
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Starship
Supreme |
10-Dec-2018 16:06
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Today' s news is a great joke. Parkson stock in SGX given nearly Six Years to get it' s share price back to 20 cents. Won' t be surprised they extend it even further on 4 Dec 2021. SGX must be the world' s laughing stock. Lol. Parkson and the conundrum of Singapore-listed Parkson Retail Asia 10/12/18, 11:47 am KUALA LUMPUR (Dec 10): Last week, department store operator Parkson Holdings Bhd saw its Singapore-listed 67.96%-owned subsidiary Parkson Retail Asia (PRA) placed on the exchange' s watch list after triggering the minimum trading price (MTP) entry criteria. The MTP is a continuing listing requirement that took effect from March 2, 2015 for all Singapore Exchange (SGX) Mainboard issuers, whereby they must maintain a minimum share price of $0.20. PRA shares have been trading below the SGX' s minimum requirement of $0.20 since May 2016, closing at a record low of $0.025 last Friday, bringing a market capitalisation of $16.85 million. The company could face a delisting should it fail to exit the watchlist by Dec 4, 2021. https://www.theedgesingapore.com/parkson-and-conundrum-singapore-listed-parkson-retail-asia
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sbscap
Master |
10-Dec-2018 15:55
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SGX should ban shorting for some stocks. Naked shorts should also be banned totally. Shorting, in theory, forces a faster equilibrium and stops speculative bubbles early. But in practice, it doesn' t work. Again, we are all powerless against an inept monopoly. SGX should just become a pure regulator. Or even better, it should outsource its regulatory functions and become a governor or an adminstrator to a regulator and concentrates in organizing talks, fining people and cutting ribbons.
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lailai
Elite |
10-Dec-2018 15:13
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They tried consol to MTP some time ago. It was such a disaster becos shorties kept short selling to bring the price below the MTP. They shd try suspending short selling for 6 months and see how. No selling of shares unless they have the shares, so counters cannot be artifically sold down by syndicated shorties. Just opinion, but think that' s the only way to prevent selling shares that the shorties do not own. |
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sbscap
Master |
10-Dec-2018 15:00
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Agree fully with you. By allowing pennies to continue, SGX is making investors behave irrationally. There should be a default consolidation with fines on the BoD if compliance is not followed that their share prices should trade above a certain high number like $5. Afterall, Singapore is the most expensive city in the world and car ownership costs stand at world highest. So, I don' t see anything wrong with having our shares at a minimum of $5. This is not asking too much. Maybe $10 is better. And maybe all shares should IPO at $30 since most share prices keep falling after IPO. At the same time, the board lot should be abolish to just 1 share.
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Starship
Supreme |
10-Dec-2018 14:16
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Why doesn' t SGX implement a minimum share price like other markets? Why is SGX happy with hundreds of counters trading in pennies and even sub-penny? Is it so difficult to regulate that all stocks must maintain a minimum price of at least $1? What are the intentions and motivations of companies that persistently let their shares trade in pennies and sub-penny? Even this Spackman keeps publishing rosy news but its share price is a pathetic 2 cents. Market Cap at a measely $28m but the Outstanding Shares is a whopping 1.037 Billion shares as if it' s Walt Disney stock which has the same quantity of shares. World' s greatest joke. |
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NextEvolution
Elite |
10-Dec-2018 13:55
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Averaging my 3rd and final buying today completed. Enough of loading all at sub-3. Good luck to all vested holders.
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tonytan44
Supreme |
10-Dec-2018 13:24
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buy tam bo lose tam bo. buy alot lose alot. last week buyers all vomit out a few years end bonus. haha
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guards80
Supreme |
10-Dec-2018 13:23
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yeah.. news keep coming out. and price keep dump.... going test lowest again
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hooh8787
Senior |
10-Dec-2018 13:18
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jst get tam bo@27 ..... |
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tonytan44
Supreme |
10-Dec-2018 13:05
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they desperate liao. chut news again within same day
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newbieliu
Elite |
10-Dec-2018 12:34
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Sell on news again ?! Zzz I still holding lae
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guards80
Supreme |
10-Dec-2018 12:14
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Spackman: General Announcement :: YOO AH-IN OF SEGL' S ASSOCIATED COMPANY NAMED ONE OF THE BEST ACTORS OF 2018 BY THE NEW YORK TIMEShttp://repository.shareinvestor.com/rpt_view.pl/id/761811.1/type/sgxnet/original_filename/1 |
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tonytan44
Supreme |
10-Dec-2018 10:14
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got news just short. cant go wrong
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lailai
Elite |
10-Dec-2018 10:05
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Yeah, agreed. But so far, he appears to be like the swappers' puppet and need to be replaced, imo. Hope they can find somebody else to enhance the share value, noting that under him, the price has suffered a straight downhill chart, from 10+ to just 2.8cts, despite all the boastfool box office #1 in movie and tv drama. 
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