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losses arising from tradeglobal were explained to be due to difficult situations margin pressures as well as a chapter 11 customer.
in any case, i think cashflow wise singpost is still doing well. hope to scoop up some at $1.2x next week.
This Giant which is injure and not die.
Its always depend on two side of view.
Some take this as opportunity to buy but some will like to dispose it off awaiting for another chance to buy back.
Which catergory of your investing pattern you are, You know yourself better.
investshare ( Date: 12-Feb-2017 14:13) Posted:
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I have warned before that its earning is against the mega trend. But they are some investors who believe that it can transform into an eCommerce just by acquiring a few eCommerce companies. Whether it is bad judgement, bad luck, negligence, or scam, the fact that is clear now is that they overpaid.
They should have known better, tons of indians sitting at the management level. recruiting their brethren in, based on meritocracy or not, nobody knows.
But based on what you could see from glassdoor, it' s not good inside, politics and incompetent people inside. The governance issues are not so easily solved.
The impairment also big question mark, who should be responsible. Singpost needs to be cleanse of cancer before it can truly turn around.
https://www.glassdoor.com/Overview/Working-at-Singapore-Post-EI_IE37718.11,25.htm
nea03177 ( Date: 11-Feb-2017 19:22) Posted:
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petty cash for alibaba to burn.
nea03177 ( Date: 11-Feb-2017 19:22) Posted:
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Alibaba took placement at 1.74. So they are the big losers.
analysistar ( Date: 11-Feb-2017 17:25) Posted:
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$1.47 to $1. 47% profit from shorting!!
added more short last friday. congratuate to all brave bear who shorted last week b4 result. waiting for monday big plunge.
Dun ever dream of relying on alibaba! As I mentioned b4, all counters that involves Jack Ma will turn fr bad to worse. Jack ma is not reliable at all!!
$1 incoming...... waiting for 1. impairment how much ? previously mentioned $500m goodwill investment? drop in dividend payout. 0.015 to 0.005. Or is $1 too high?
Agreed sis... prepare for HOLLANDED.
halleluyah ( Date: 10-Feb-2017 22:33) Posted:
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It also brings thgts of corporate shady deals behind shareholders.
triphopper ( Date: 10-Feb-2017 20:45) Posted:
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Luckily I wanted to buy in last two days. SingPost sure gone case on Monday.
Will see dumping on Mon...m not interested to collect....
Hmm
junction ( Date: 10-Feb-2017 22:01) Posted:
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Only dream of Alibaba keeps it alive?
Luffingcow ( Date: 10-Feb-2017 21:47) Posted:
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No faith in this stock already... worst div ever... great disappointment...
No longer a desired cash cow~
profit down 27.9%....wow piang div pun cut down till 0.005 only frm last yr 0.015....
Profit down, need to impair eCommerce biz.