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if u follow sino grandness over many years, u would realise why the share price is as such.. basically even though they have stated that much cash sitting there, but they have not been able to pay the debts/bonds etc and had even received letter of demand.. and the high trade receiveables is always something questionable given their nature of business.. lots of red flags here.. so it is not so straightforward to read the balance sheet from here.. there' s a high likelihood of fraud here and ppl have been staying away from it..
ThankYou ( Date: 26-Nov-2020 08:02) Posted:
| Cash per share is 10 cents, EPS is 3.7 cents, NAV is 59 cents, Share price is 2 cents. |
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SINO GRANDNESS likely to release positive news as the company had gone into black previous quarter, the lockdown must hv improved their sales, tgt price 3c
Cash per share is 10 cents, EPS is 3.7 cents, NAV is 59 cents, Share price is 2 cents.
If good news, very fast announcement. If Bad one, it takes long time. So after 1 day, still no news. Haha.
msksmsks ( Date: 25-Nov-2020 20:59) Posted:
This one like a Cat with 9 lives. Juz when u think it wl collapse, it juz bounce bk.
The price has fallen to historical low and risk & reward commensurates.
Those vested ,(IMHO, reckon shld be positive news) chill and wait for the news.
Cheers |
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This one like a Cat with 9 lives. Juz when u think it wl collapse, it juz bounce bk.
The price has fallen to historical low and risk & reward commensurates.
Those vested ,(IMHO, reckon shld be positive news) chill and wait for the news.
Cheers
Many china companies in dire state.
I won't touch sino for sure.
Most likely the news will be one of the defaulted loan converted to shares.
Good luck to all the die hard fan of Sino-G.
yes atrong buying action at 21 but did the price move? in the end still close flat. sounds like distribution to me...
johnng ( Date: 25-Nov-2020 17:23) Posted:
So strong buying ACTION 21 yesterday...If bad news think all DUMP down 1cents already...How come still got people buying???
colincheong ( Date: 25-Nov-2020 17:11) Posted:
This counter had too many RED flags. Remernber the old times with all those CHINESE listing companies.
Not many survive until now.
If got chance, it is better to jump ship now then to stay onboard.
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So strong buying ACTION 21 yesterday...If bad news think all DUMP down 1cents already...How come still got people buying???
colincheong ( Date: 25-Nov-2020 17:11) Posted:
This counter had too many RED flags. Remernber the old times with all those CHINESE listing companies.
Not many survive until now.
If got chance, it is better to jump ship now then to stay onboard.
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This counter had too many RED flags. Remernber the old times with all those CHINESE listing companies.
Not many survive until now.
If got chance, it is better to jump ship now then to stay onboard.
Most prob it will be good news before AGM next fri. If bad news, who will release before AGM
Jamesbond007 ( Date: 25-Nov-2020 15:07) Posted:
| Yes, trust your instincts.
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Yes, trust your instincts.
not sure why nobody worrying. thought the auditor report threw up lots of red flags...
ronleech ( Date: 25-Nov-2020 13:49) Posted:
i read too but dont seems too worrying.... The balance sheet looks healthy...not forgetting their 1st loss due to shut down of plant.... now opening.... after one week, suddenly high volume and halt.... dont think it will be bad
camelhump ( Date: 25-Nov-2020 13:32) Posted:
| i read the HK auditor disclaimer also knees shaking. Then ytd 859am saw big lots buying also curious.. |
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Never trust the balance sheet of a chinese company.
ronleech ( Date: 25-Nov-2020 13:49) Posted:
i read too but dont seems too worrying.... The balance sheet looks healthy...not forgetting their 1st loss due to shut down of plant.... now opening.... after one week, suddenly high volume and halt.... dont think it will be bad
camelhump ( Date: 25-Nov-2020 13:32) Posted:
| i read the HK auditor disclaimer also knees shaking. Then ytd 859am saw big lots buying also curious.. |
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i read too but dont seems too worrying.... The balance sheet looks healthy...not forgetting their 1st loss due to shut down of plant.... now opening.... after one week, suddenly high volume and halt.... dont think it will be bad
camelhump ( Date: 25-Nov-2020 13:32) Posted:
i read the HK auditor disclaimer also knees shaking. Then ytd 859am saw big lots buying also curious...
Observers ( Date: 25-Nov-2020 10:41) Posted:
| Any professional auditor can pro bono share their summarised personal thoughts on this auditor report |
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i read the HK auditor disclaimer also knees shaking. Then ytd 859am saw big lots buying also curious...
Observers ( Date: 25-Nov-2020 10:41) Posted:
Any professional auditor can pro bono share their summarised personal thoughts on this auditor report?
Observers ( Date: 19-Nov-2020 15:38) Posted:
| Since being a shareholder of this stock eons ago (now ex-shareholder sold off a number of years ago), this is the first time there is such a detailed explanation into the various SinoG debts courtesy of the current auditors. Can read about their disclaimer of opinion on the SGX. Don' t know why it must take so long also. |
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BBs know the news better than all of us here...
camelhump ( Date: 25-Nov-2020 07:35) Posted:
| halted today for announcement. Ytd at 9.00am when market opened noticed one buyer gobbled up hundreds of lots in one go, hmmm what announcement can it be ? 3rd party investor or some bad news ??? |
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Any professional auditor can pro bono share their summarised personal thoughts on this auditor report?
Observers ( Date: 19-Nov-2020 15:38) Posted:
| Since being a shareholder of this stock eons ago (now ex-shareholder sold off a number of years ago), this is the first time there is such a detailed explanation into the various SinoG debts courtesy of the current auditors. Can read about their disclaimer of opinion on the SGX. Don' t know why it must take so long also. |
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looks more likely new investorand/or with new business direction...
camelhump ( Date: 25-Nov-2020 07:35) Posted:
| halted today for announcement. Ytd at 9.00am when market opened noticed one buyer gobbled up hundreds of lots in one go, hmmm what announcement can it be ? 3rd party investor or some bad news ??? |
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