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1641-1660 of 1898
Aiyah.. I play small small only lah.. I am a 52 years old retired qualified accountant lah.. Maybe my lecturers had been teaching me wrong in accounting lah...
Simonttb ( Date: 24-Feb-2020 17:36) Posted:
Hello... Trade receivables is collection lah... I dun know... Only in my past trading, I managed to caught a few fishy shares.. ended up RTOs... small small money... Can big windfall... Why not..?
Trader-101 ( Date: 24-Feb-2020 17:33) Posted:
I dun have to see the IPO lol
Look at Rex IPO 50 cts or smth went way higher than that before crumbling due to oil prices and now only back to 17 plus cts at closing as of today.
I think u may have analyzed the wrong way...... which part of the company makes it worth more than 4 times its NAV ? Jialat Lol. If ur analysis is pure speculation then all the more dun share otherwise may kill ppl who listen and act accordingly.
The cold hard facts are ,
1) Struggling to pay off Trade receivables and Current liabilities
2) Way too overvalued
3) Pure speculation at play right now
4) Poor control of costs
My take is , Short or long term trading here is just a short or long term suicide mission...if can close 0.07 for the week, I will be really amazed.
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Hello... Trade receivables is collection lah... I dun know... Only in my past trading, I managed to caught a few fishy shares.. ended up RTOs... small small money... Can big windfall... Why not..?
Trader-101 ( Date: 24-Feb-2020 17:33) Posted:
I dun have to see the IPO lol
Look at Rex IPO 50 cts or smth went way higher than that before crumbling due to oil prices and now only back to 17 plus cts at closing as of today.
I think u may have analyzed the wrong way...... which part of the company makes it worth more than 4 times its NAV ? Jialat Lol. If ur analysis is pure speculation then all the more dun share otherwise may kill ppl who listen and act accordingly.
The cold hard facts are ,
1) Struggling to pay off Trade receivables and Current liabilities
2) Way too overvalued
3) Pure speculation at play right now
4) Poor control of costs
My take is , Short or long term trading here is just a short or long term suicide mission...if can close 0.07 for the week, I will be really amazed.
Simonttb ( Date: 24-Feb-2020 17:26) Posted:
| You google search IPS Securex IPO... then u can see... And also, I read thru all its announcement, got 1 year auditor gave it a qualified audit report for more than $10 million... overdue AR... but later the AR was collected back as per their announcement. Last week I bought at 0.75, sold at 0.82...small small lah.. 100K shares only...The rest of the information I analysised, cannot share here.. Traders also come and read... U go and read all the announcements lah. |
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I dun have to see the IPO lol
Look at Rex IPO 50 cts or smth went way higher than that before crumbling due to oil prices and now only back to 17 plus cts at closing as of today.
I think u may have analyzed the wrong way...... which part of the company makes it worth more than 4 times its NAV ? Jialat Lol. If ur analysis is pure speculation then all the more dun share otherwise may kill ppl who listen and act accordingly.
The cold hard facts are ,
1) Struggling to pay off Trade receivables and Current liabilities
2) Way too overvalued
3) Pure speculation at play right now
4) Poor control of costs
My take is , Short or long term trading here is just a short or long term suicide mission...if can close 0.07 for the week, I will be really amazed.
Simonttb ( Date: 24-Feb-2020 17:26) Posted:
You google search IPS Securex IPO... then u can see... And also, I read thru all its announcement, got 1 year auditor gave it a qualified audit report for more than $10 million... overdue AR... but later the AR was collected back as per their announcement. Last week I bought at 0.75, sold at 0.82...small small lah.. 100K shares only...The rest of the information I analysised, cannot share here.. Traders also come and read... U go and read all the announcements lah..
Trader-101 ( Date: 24-Feb-2020 15:51) Posted:
Now what year ? In 2014 their NAV how much ?
2014 NAV 2.5 cts now 1.5 cts ?
I think u then dun play play Hahah
I think this company is being dragged down a lot by its trade receivable and doubt it has the ability to repay so much judging by their most recent FS unless their 2020 second half can earn a lot of money.
Also I noticed their cost of sales tripled while revenue only doubled. Poor managing of costs as well.
But ofc must say good things, company business good liao maybe will get even better in the second half of the year but who dare to gamble on it ? |
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I like to buy small small shares which I feel fishy, small small shares return very high... You can just ignore what I said... hor...
Simonttb ( Date: 24-Feb-2020 17:26) Posted:
You google search IPS Securex IPO... then u can see... And also, I read thru all its announcement, got 1 year auditor gave it a qualified audit report for more than $10 million... overdue AR... but later the AR was collected back as per their announcement. Last week I bought at 0.75, sold at 0.82...small small lah.. 100K shares only...The rest of the information I analysised, cannot share here.. Traders also come and read... U go and read all the announcements lah..
Trader-101 ( Date: 24-Feb-2020 15:51) Posted:
Now what year ? In 2014 their NAV how much ?
2014 NAV 2.5 cts now 1.5 cts ?
I think u then dun play play Hahah
I think this company is being dragged down a lot by its trade receivable and doubt it has the ability to repay so much judging by their most recent FS unless their 2020 second half can earn a lot of money.
Also I noticed their cost of sales tripled while revenue only doubled. Poor managing of costs as well.
But ofc must say good things, company business good liao maybe will get even better in the second half of the year but who dare to gamble on it ? |
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You google search IPS Securex IPO... then u can see... And also, I read thru all its announcement, got 1 year auditor gave it a qualified audit report for more than $10 million... overdue AR... but later the AR was collected back as per their announcement. Last week I bought at 0.75, sold at 0.82...small small lah.. 100K shares only...The rest of the information I analysised, cannot share here.. Traders also come and read... U go and read all the announcements lah..
Trader-101 ( Date: 24-Feb-2020 15:51) Posted:
Now what year ? In 2014 their NAV how much ?
2014 NAV 2.5 cts now 1.5 cts ?
I think u then dun play play Hahah
I think this company is being dragged down a lot by its trade receivable and doubt it has the ability to repay so much judging by their most recent FS unless their 2020 second half can earn a lot of money.
Also I noticed their cost of sales tripled while revenue only doubled. Poor managing of costs as well.
But ofc must say good things, company business good liao maybe will get even better in the second half of the year but who dare to gamble on it ?
Simonttb ( Date: 24-Feb-2020 15:42) Posted:
| Do you know they did a private place in 2014 at 35 cents.. 13 times the book value. The main increase in liabilities mainly due to purchase of inventories more than $3 million.. for the $21 million sales... dun play play.. I think the backing very strong... |
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Vividthree is roll down and down...
WL123456 ( Date: 24-Feb-2020 17:05) Posted:
| Surprisingly this one close green . Maybe it?s like vividthree. A few accounts trading the shares only lol. |
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Surprisingly this one close green . Maybe it?s like vividthree. A few accounts trading the shares only lol.
yep you feeling the same as i think..not easy short yet..
Simonttb ( Date: 24-Feb-2020 17:00) Posted:
Bros... other shares I know are heavily selling down, only I felt a bit fishy on this one... Like got something going on like that.. I also dun know... I think short this one like very risky leh... definitely a cornered share...
johnng ( Date: 24-Feb-2020 16:56) Posted:
| many buyers coming in...surprising..even GKE also suffe |
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Bros... other shares I know are heavily selling down, only I felt a bit fishy on this one... Like got something going on like that.. I also dun know... I think short this one like very risky leh... definitely a cornered share...
johnng ( Date: 24-Feb-2020 16:56) Posted:
many buyers coming in...surprising..even GKE also suffer
WL123456 ( Date: 24-Feb-2020 16:54) Posted:
| Next few days maybe less than $0.05 |
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Let them burn their cash if they want. Already tried to warn them already. The financial results already expose their problem .
johnng ( Date: 24-Feb-2020 16:56) Posted:
many buyers coming in...surprising..even GKE also suffer
WL123456 ( Date: 24-Feb-2020 16:54) Posted:
| Next few days maybe less than $0.05 |
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many buyers coming in...surprising..even GKE also suffer
WL123456 ( Date: 24-Feb-2020 16:54) Posted:
Next few days maybe less than $0.05.
fenizz ( Date: 24-Feb-2020 15:55) Posted:
| Today just day1 of fear selling......more to come.....now no need FOMO buying. Now is low will get lower |
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Next few days maybe less than $0.05.
fenizz ( Date: 24-Feb-2020 15:55) Posted:
Today just day1 of fear selling......more to come.....now no need FOMO buying. Now is low will get lower.
Simonttb ( Date: 24-Feb-2020 15:52) Posted:
| Aiyo... buy small small lah... This one like a gem hor... easily clear the $2 million accumulate losses... within next few, quarters.. Buy when there is fear, if scare here and there... better dun play stock lah.. |
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The sales obtained more then its total book value.. somemore some are govt. contracts.. Very interesting...
Simonttb ( Date: 24-Feb-2020 16:03) Posted:
Small small cap. company can obtain over $20 million sales.. not easy...
Simonttb ( Date: 24-Feb-2020 16:00) Posted:
| Hahaha... We shall see.. So far I made on this stock.. I buy small small only. |
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Good luck bro...hope u huat. shortist need trader like U. cheers
Simonttb ( Date: 24-Feb-2020 16:00) Posted:
Hahaha... We shall see.. So far I made on this stock.. I buy small small only..
Trader-101 ( Date: 24-Feb-2020 15:56) Posted:
| Lol... this is not play stocks a trader also will not do that, why lose when u actually can avoid to lose ? This is gambling not trading |
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Small small cap. company can obtain over $20 million sales.. not easy...
Simonttb ( Date: 24-Feb-2020 16:00) Posted:
Hahaha... We shall see.. So far I made on this stock.. I buy small small only..
Trader-101 ( Date: 24-Feb-2020 15:56) Posted:
| Lol... this is not play stocks a trader also will not do that, why lose when u actually can avoid to lose ? This is gambling not trading |
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Hahaha... We shall see.. So far I made on this stock.. I buy small small only..
Trader-101 ( Date: 24-Feb-2020 15:56) Posted:
Lol... this is not play stocks a trader also will not do that, why lose when u actually can avoid to lose ? This is gambling not trading
Simonttb ( Date: 24-Feb-2020 15:52) Posted:
| Aiyo... buy small small lah... This one like a gem hor... easily clear the $2 million accumulate losses... within next few, quarters.. Buy when there is fear, if scare here and there... better dun play stock lah.. |
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Lol... this is not play stocks a trader also will not do that, why lose when u actually can avoid to lose ? This is gambling not trading
Simonttb ( Date: 24-Feb-2020 15:52) Posted:
Aiyo... buy small small lah... This one like a gem hor... easily clear the $2 million accumulate losses... within next few, quarters.. Buy when there is fear, if scare here and there... better dun play stock lah..
WL123456 ( Date: 24-Feb-2020 15:48) Posted:
| This one I raise hand and agree. Next few days and weeks might be very ugly |
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Today just day1 of fear selling......more to come.....now no need FOMO buying. Now is low will get lower.
Simonttb ( Date: 24-Feb-2020 15:52) Posted:
Aiyo... buy small small lah... This one like a gem hor... easily clear the $2 million accumulate losses... within next few, quarters.. Buy when there is fear, if scare here and there... better dun play stock lah..
WL123456 ( Date: 24-Feb-2020 15:48) Posted:
| This one I raise hand and agree. Next few days and weeks might be very ugly |
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Aiyo... buy small small lah... This one like a gem hor... easily clear the $2 million accumulate losses... within next few, quarters.. Buy when there is fear, if scare here and there... better dun play stock lah..
WL123456 ( Date: 24-Feb-2020 15:48) Posted:
This one I raise hand and agree. Next few days and weeks might be very ugly.
fenizz ( Date: 24-Feb-2020 15:47) Posted:
| RECESSION N CORRECTION loom....all stock will fall regardless how strong their back. got profit better run. |
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Now what year ? In 2014 their NAV how much ?
2014 NAV 2.5 cts now 1.5 cts ?
I think u then dun play play Hahah
I think this company is being dragged down a lot by its trade receivable and doubt it has the ability to repay so much judging by their most recent FS unless their 2020 second half can earn a lot of money.
Also I noticed their cost of sales tripled while revenue only doubled. Poor managing of costs as well.
But ofc must say good things, company business good liao maybe will get even better in the second half of the year but who dare to gamble on it ?
Simonttb ( Date: 24-Feb-2020 15:42) Posted:
Do you know they did a private place in 2014 at 35 cents.. 13 times the book value. The main increase in liabilities mainly due to purchase of inventories more than $3 million.. for the $21 million sales... dun play play.. I think the backing very strong...
WL123456 ( Date: 24-Feb-2020 15:14) Posted:
Total liabilities : $8,980,384. This includes trade payables, contract liabilities and finance lease liabilities.
Cash on hand: $$3,789,606.
If the debtors call for repayment, the only way to pay is cash and they are due this year. You can tell me how much inventory they have and what type of inventory they have but when the repayment is due it?s all about cash.
Let?s go to the profit and loss:
Profit was 619,575. Profit as per cogs decreases from 118% in Q219 to 58.4% in Q220. This shows that there?s pressure in selling it?s goods and services at a rate that?s more than 50% cheaper than 2019. What this means is they are asking for more volume from suppliers and selling them cheaper just to maintain the revenue. There?s no guarantee that their current inventory can be cleared to generate enough sustainable profit. Have to sell their goods 50% cheaper also tells you how tough their operating environment is.
And also:
Of their $619,575 profit, $51,067 is due to foreign exchange gain recognised and $2656 due to interest income and not due to their ordinary course of business. That?s about 10% of their profit. It was Not meaningful in 2019.
And inventories is now 200+% of 2019 which also signifies they are carrying high opportunity cost as they cannot clear their inventories. And inventories written off is $12,719 compared to $7 in 2019.
This part is the worst for the company. Allowance for doubtful debt increase from negative $10,302 to positive $102132 meaning they cannot collect money from their sales and this increased by so much.
I hope you do your own due diligence before you start screaming at others. |
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