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New Silkroutes in thought to buy a bank?
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Trader1987
Veteran |
22-Feb-2018 14:19
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Glad to hear that.. I think this counter is not for short term gain but rather long term, considering the management team is very new. Changes are inevitable. Believe if shareholders hold long enough, we should be rewarded. And I agree with you, the current price you see $0.285 is a harsh sellfown by the ED. Imagine the sell-off is completed, with fresh (and reputable) investors who value this counter @ (at least) S$0.44......... I will leave it for you to guess.. With the oil price turning up, margin should increase, profitability should increase too. We have been waiting for the first profit for many years. Now finally it&rsquo s checked! Stay tuned for more good news!!
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Laggard
Senior |
22-Feb-2018 12:05
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Thanks Trader1987 for pointing out.
What I am saying Is not doubting the potential of this counter, I am still with my original plan of owning it, but merely stating the current placement do not directly address to the problem on profitability. The need to improve gross margin like owning storage which is already made know is the kind of news that helps or execute those with plan acquisitions that boost bottom line. They have good plan, the question is will it be executed , when and can they execute them well. So far this area has been disappointing. Maybe I expecting too much for them to turn the business around faster than they could. So I will wait and see what next.
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Trader1987
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22-Feb-2018 11:32
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Laggard, you just answered all your questions / doubts. I  believe you have done your homework, but I  am surprised that you have invested in a counter that you have little trust on, so why do you wan to invest in this counter in the first place? For me I am vested in this counter because I have full trust in this counter and I trust the Management Team. More importantly, I know they are in the right business / track. I am in O& G sector, so probably know why the margin is low for oil trading (for now), but I don think will be long before we see a larger margin. Everything starts small, Healthcare, etc. if everything is fast and furious then I am worried as I do not think that will be sustainable. Having said that, please sell your shares if you do not sleep well by having this counter in your portfolio..
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Laggard
Senior |
22-Feb-2018 09:27
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In my view, this placement is a mandate that current price was short down and investor do see value at 44 cents. This is good news. However there is not impact to lift the profit of NSG and that is the problem now. This counter is growing revenue leap and bound Qtr to Qtr but at the end of the bottom line is struggling. This is because key business is coming from Oil business and ghross margin is still very low.  To improve bottom line increasing gross margin of Oil business is needed (just 1% increase we home already) or alternatively more contribution coming from healthcare or fund management. Healthcare is coming in slowly but still very small, they need to do more aquistion to increase the size  or if the acquistion of Culross can materialize it will boost the bottom line and have this year profitable.  More such bottomline assertive aquistions are needed to lift the business, placement to investor is not helping only dilute shareholder value. Of ocurse they need to raise fund to do all the needed aquistions.  
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Macqueen
Master |
22-Feb-2018 08:38
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with profit and placement coming in, plus aqusition on the table, My TP is 80 to 90cent ba, my 2 cents. i maybe wrong pls DYODD.
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Laggard
Senior |
22-Feb-2018 08:29
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So price cannot be at 28. Trading to resume today?
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Macqueen
Master |
22-Feb-2018 00:02
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more news coming on the way, my 2 cents huat ah
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Macqueen
Master |
22-Feb-2018 00:00
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placement share at 0.44
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Laggard
Senior |
15-Feb-2018 03:05
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Heard something positive?
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Laggard
Senior |
15-Feb-2018 03:04
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I was bullish on the management and believe they are professional in what they doing. The ED selling is always a concern but i think he is supporting the counter price. The sudden termination just get me more uncomfortable.
For market to recognise the NAV is another question unless it is huge discount.
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KCDIGI
Member |
14-Feb-2018 11:38
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Better to expect BMT to resume trading after CNY, and pray that DJIA all anglosaxons hit new heights after record high during CNY  
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Macqueen
Master |
14-Feb-2018 10:30
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coming le, lifted i going to load more. 
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Macqueen
Master |
14-Feb-2018 08:50
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going to lift suspension soon fingers cross, hope it can chiong to 1 dollars. huat ah
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KCDIGI
Member |
13-Feb-2018 18:04
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best financial performance for X years. Can we see X years year high broken soon after lifting of  trading suspension ? | ||||
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Trader1987
Veteran |
12-Feb-2018 22:25
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Poor shorties.. shorted at a low and trying to create fear in this forum. When New Silkroutes lifted from suspension (very soon), get ready to close your position before too late. The Group has suspended trading of its stock on the Singapore Exchange since 4 December 2017 to prevent any unusual share-price activity while negotiations on potential transactions are ongoing but expect to lift the suspension shortly. Laggard, similar to you, I am vested in this counter. But why are you worried when the paper value (NAV) worth at least US$0.27 (S$0.36)? |
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Laggard
Senior |
12-Feb-2018 18:16
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Quarterly result out, do not shows anything bad. Actually quarterly is profitable | ||||
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samudra
Veteran |
09-Feb-2018 08:01
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more bad news than good news. likely this stock will join those 5 cents or 10 cents stocks |
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Laggard
Senior |
08-Feb-2018 23:36
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Why SGX allows it I don?t know. Any ones hear anything? Day by day passed and the situation just not good. Anyone can add what going on? | ||||
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Macqueen
Master |
08-Feb-2018 08:04
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what happen to this counter discussion till so long, not sure what is holding up. | ||||
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Laggard
Senior |
02-Feb-2018 12:31
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It will close down as bad news coming? Please what huh?
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