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SIAS AWARD - Most Transparent company - runner up
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ysh2006
Supreme |
06-Apr-2018 12:51
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Nearly one year still like this but Midas before this saga, announced big projects won to trap investors don' t now those projects they won still carry on ? Erata shareholder receive  share certificate but will they hold AGM ?
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tonylim70
Veteran |
06-Apr-2018 07:48
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How strange  things are repeating again.. this time is MIDAS..
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GuavaXF30
Elite |
20-Jun-2017 08:58
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To be real, there are many more such cans in the SGX. If you study history, you can see tell-tale signs. Low cash, huge debts (inproportionate to income), reducing (or even fictitious) revenue and low or non-existant margins. Many companies in the SGX are like that now. These things always repeat. 
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ysh2006
Supreme |
20-Jun-2017 04:58
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All authorities scared to let the worms out the can to reveal more things to shareholders and quickly close it.
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peterz
Senior |
19-Jun-2017 20:34
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sad, 0 now.
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ysh2006
Supreme |
19-Jun-2017 18:45
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SIAS also too owe us why don't force it to open a EGM to say something to shareholders just let it go like this...nobody at fault ,?
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ysh2006
Supreme |
19-Jun-2017 18:42
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Sgx should owe us a explaination why don't force it to conduct a EGM and tell their story to shareholders approved and delay the announcement one month ?
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nqing87
Supreme |
18-Jun-2017 22:33
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sry, i meant sgx when i say regulatory bodies, and SIAS which is supposed to be watch dog to protect retailers interest also fail to spot hanky panky.. which means 2 layers of failed protection
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nqing87
Supreme |
18-Jun-2017 22:30
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u are right.. i guess i mix up eratat with another company.. too many examples around to show our market deficiency to protect investors.. but either way, my point is to say that we have to be careful & watch out for underlying red flags, which we would not need to if we have good watch dog to prevent companies from doing hanky panky..
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ysh2006
Supreme |
18-Jun-2017 18:08
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Than where did the bond money gone to ? Sgx MAS found no body at fault ,? Just business folded ,?so easily let them delisted har...must force them to conduct a EGM to tell us more!!
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HVRRVH
Elite |
18-Jun-2017 15:18
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Just wish to point out that they did give dividend. High dividend some more. Around 5%. The red flag should really be despite 'high cash reserves', they still issued bond to borrow money.
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investshare
Supreme |
18-Jun-2017 14:30
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Sias is not regulatory body.
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nqing87
Supreme |
18-Jun-2017 14:01
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this eratat is a good example of how our regulatory bodies has failed and lost touch with the market, when this company actually received the most transparent company runner up award by SIAS.. this is a good example to bring out also because of the fact that the company is cash rich as per balance sheet reported, but it never gives out dividend at all, despite making profit.. so it is a good case study to warn investors to look out for company that doesnt reward shareholders, despite portraying good balance sheet.. it is now not so simple to invest by looking at balance sheet, cos we will never know if this balance sheet portray by the company is real or not.. we shouldnt be worrying about whether a company is giving a financial report is fraudulent or not, but unfortunately our regulatory bodies have failed us to make sure investors are protected & given the real information to make due diligence..
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ysh2006
Supreme |
18-Jun-2017 10:46
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Eratat no much forumers burnt here so no much discussion.
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HazardKoh
Master |
17-Jun-2017 22:54
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ya.. he recommended Rickmer too
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ysh2006
Supreme |
17-Jun-2017 21:58
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Can ask SIAS fight for us to get at least a pair of sport shoe as exit offer ? Cannot let it delist empty handed. | ||||
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doufei
Veteran |
06-Aug-2016 15:55
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Beware of Danger' s post. Avoid his calls at all cost!!! He brought many to bedok reservoir!!!
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Azzaramich
Member |
06-Jun-2014 10:18
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Justice has to be served.   Thoese people at fault will have to be made accountable. If no further action is taken by the Board, SGX or any government authority should quickly step in.   |
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Jackpot2010
Master |
31-May-2014 09:44
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VOYAGE RESEARCH (owned by Roger Tan, ex-CEO SIAS) coverage on Eratat was 100% on WRONG track.  Their followers got burnt badly. Don' t think its research business can survive long - who would trust them now? Even days before trading halted on 27 Jan, there were still buy calls from die-hard fans, incl. retail investor alike. Hopefully, these ppl got out on time. Suspension follow suit on 29 Jan and by now as we all know = total loss.
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divads
Member |
30-May-2014 21:18
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Ya, YZJ suppose to be the safest and most solid, most reliable of the s-chip. The 龙 头 老 大 of s-chip. If the 龙 头 老 大 already kana , wow how to trust the rest.. really scary s-chip. For me i used to think there is YZJ is even safer than most of the local companies.    
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