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Blumont- Objective discussion only.
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lazybo777
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18-Nov-2021 12:18
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Anyone knows what is going on? Company is voluntary suspended Good or bad news? |
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Immotion
Member |
18-Aug-2021 14:38
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Price keep dropping. Anyone will comment if they are not going to be able to manage current crisis as a going concern? Price action seem to be saying they cannot manage. |
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ahberngh
Elite |
19-Jun-2021 09:11
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Something wrong in the posting below, it did not come out as what I type??? Let me re-post: Yes, like you, I have mentally prepared for a complete loss. The main hope is that they can ride over the present problems and wait for the new healthcare path to work. I don' t believe much in a white knight. Any white knight will probably be a shark who will take advantage of the situation and buy in at lelong price. Wait and see and keep fingers crossed that they can survive the current crisis. Have to depend on the CEO to be strong and capable.
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ahberngh
Elite |
19-Jun-2021 09:03
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Yes, like you, I have already mentally prepared fopr a complete loss. The main hope is that in a white knight. Any white knight will probably be a shark who will take advantage of the situation and buy in at lelong price. Wait and see and keep fingers crossed that they can survived the current crisis.
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Laggard
Senior |
19-Jun-2021 08:31
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No avalanche but slowww death, bit by bit. We might see sub 10 next week. | ||||
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Immotion
Member |
17-Jun-2021 18:07
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I hope things can what is described. For someone like me who already vested in the counter, now it is the mental preparation for the worst case, the counter get suspended - Write off. Nothing much to do, not putting in more money. SGX been questioning them multiple times, that is a obvious Red Light for all. First for anyone planning to get into this counter, I think it better off waiting for them to get over this crisis. For current shareholders (like me) let pray hard they can overcome this storm or a real White Knight showing up to save the beauty. Again my 2 cnets |
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lazybo777
Member |
17-Jun-2021 16:25
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The letter of demand is asking ard 9 plus million. Their cash holdings is ard 6 plus million. shortfall of ard 3 million excluding freefloat. There is no inventive for the creditors to liquidate NSG like Hflux. They will get back less that what they are owned. I am pretty sure they will restucture their debt if Shanghai Fengwei and the rest of the healthcare division is profitable. 3 million is a small amount looking at the earning potential. Will you kill the goose that lay the golden eggs? The letter of demand is actually good for people who wants to pick up cheap shares. I mean this is my 5 cents worth also. Pls do your own DD. With all investments comes risk. I dont know why I prefer such counters with a high risk reward. Remember that last share consodidation was at 50 cents. The oil division was crap which they did not get rid of in time. | ||||
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Immotion
Member |
17-Jun-2021 15:19
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Like you I am also vested in early days, probably simialr case like you. I am not sure if the current management can be any good, well, time will tell. As you probably agree when you buy into the counter when GJH came into picture, it is around the trust factor. So now another young Dr. helm as CEO.... ? Ok, time will tell but definitely not a sure positive situation. I agreed many MOUs lately but are these initiatives really going to bear fruit and lead to feasible business? The so call their partners are really interested in them, why them? Yes, this crisis can bring them all down, till they clear this big crisis/burden this counter is very risky bet. It is not just SGX questioning but in reality can they really manage the Demand Letter. My 2 cents view, |
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ahberngh
Elite |
17-Jun-2021 14:12
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I am vested since many years ago (when Dr Goh first took over), am deeply under water and hurting  .In fact, in a way, I have more or less written off this investment. However, my thinking is similar to yours. The present CEO seems to be capable. If they can tide over the present crisis-like situation with SGX continually asking them if they are still a going concern, and if the health care business take off, the price will shoot up as the total number of shares is quite small, about 200+ million. If they can ride out the current shaky circumstance, I may buy more to average down because my cost price is too high.
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lazybo777
Member |
17-Jun-2021 13:46
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I agree the price is cheap now, given there was share considation. Of course there is risk in the company financials, but if they get their act together, the price will rocket. The float is very small so a sharp increase in share price is not difficult. The previous management and board was really screwed up.If they manage to turn into a medical techolonlogy company like what i am seeing and hoping with all the MOUs, the share price will moon for sure. Investors like this story and I think the healthcare industry will go towards this direction. Worth a punt in this company. The risk-reward ratio is worth it
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Immotion
Member |
10-Jun-2021 15:09
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Everytime bad news came or coming, they made PR news (MOU with Huawei, MOU SenseTime......the list can go on). All these MOUs easily signed, are the other party serious? Check Huawei and SenseTime website on their Investor PR, nothing mentioned. If they can convert one of the MOU to working Agreement then I  . Till then is a story.
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Laggard
Senior |
09-Jun-2021 15:02
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Down 8%, alvalanche not started yet. | ||||
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Miracle-
Senior |
09-Jun-2021 10:42
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Buy in, thank me later. 10-40% gain | ||||
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Miracle-
Senior |
09-Jun-2021 10:38
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They will not be delisted just because of their energy sector and rather, their health business is going to be picking up 😏 , fear not my friend
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Miracle-
Senior |
09-Jun-2021 10:31
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When everyone?s afraid, that?s when you make money!
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Laggard
Senior |
09-Jun-2021 10:20
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Miracle, seriously? This company yet to clear as a Going Concern and SGX ask them to suspend trading, Yet you are promoting to Buy? I am in this stock and hope you are right but the Risk of losing everything is Very High. You know well, New Silkroute may be dragged down by their CG to IEG. |
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Miracle-
Senior |
09-Jun-2021 09:38
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New PR upcoming, buy while you can | ||||
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PhillipTan
Supreme |
09-Jun-2021 09:29
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New Silkroutes Group has received a letter of demand for an alleged sum of US$10.7 million from a company, Iolani Shipping, it disclosed in a Tuesday bourse filing. New Silkroutes is a corporate guarantor for a lease-financing arrangement of a bare boat charter, entered into by its subsidiary TXZ Tankers. It is currently reviewing the letter of demand with its legal advisors. The company was recently under regulatory scrutiny. In January, Singapore Exchange (SGX) raised queries regarding New Silkroutes' wholly-owned oil-trading subsidiary, International Energy Group, which it had not been successful in winding up. The agreement for the disposal of IEG to TK Energy lapsed on June 30 last year, after the buyer failed to disburse loans to New Silkroutes Capital and IEG. In a regulatory filing on Wednesday, New Silkroutes said that in view of the global pandemic and the challenging energy market, the management and the board believe that the energy business is not sustainable and that IEG will not be able to fulfil its debt obligations - and this is after taking into account the cash flow projections commencing in the second quarter of 2021. " In view of that, the board took the difficult decision that a creditors voluntary liquidation of IEG was appropriate and appointed provisional liquidators," said New Silkroutes. New Silkroutes also disclosed to the local bourse that it is a corporate guarantor to a loan extended from Ocap Management to IEG. IEG is also a corporate guarantor to the lease-financing arrangement of the bare boat charter agreement entered into by its subsidiary TXZ Tankers. If IEG defaults, New Silkroutes will become a corporate guarantor to the lease financing arrangement and its contingent liabilities. On the impact of the liquidation on the company, New Silkroutes said: " The board of directors feels that while there will be a liquidity crunch due to the creditors' voluntary liquidation of IEG, the impact will be minimised by the continuous operations and growth of the healthcare arm of the company together with corporate finance activities." The group also said that after reviewing the financial forecast and cash flow projections, the board is of the view that the group can continue as a going concern. It added that the group has sufficient working capital and financial resources to meet its obligations as and when they fall due in the next 12 months. Among reasons to support this view were the cost-cutting measures it has implemented, as well as the positive outlook for its healthcare operations. In response to SGX regarding whether a trading suspension is required, New Silkroutes said it is not necessary, given that the group is still in operation. It added that its health and healthcare subsidiaries contributed US$13.62 million (S$18.06 million) in revenue in the first quarter of 2021 and is looking to grow its healthcare business. Shares of New Silkroutes closed at S$0.141 on Tuesday, down 10.19 per cent. |
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Laggard
Senior |
08-Jun-2021 21:22
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Yes, Received Letter of Demand for 10 mil payment + interest. This time NSG may not be able handle, will a sell tomorrow!
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Miracle-
Senior |
08-Jun-2021 15:36
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Something is brewing! | ||||
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