This one pattern seems to have changed.
Keep trending up....$0.06 +$0.002
NAV $0.3997.
It is trading at a very very deep discount but unfortunately even OHL also gave up.
 
Keep trending up....$0.06 +$0.002
NAV $0.3997.
It is trading at a very very deep discount but unfortunately even OHL also gave up.
 
once pump to 80 better take profit
Yes. You are right. This company doesn't give any dividends for many many year. Keep issue bonds pay a high interest. And you know who is subscribed.
shk363 ( Date: 05-Sep-2025 13:33) Posted:
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I don' t think so. The price action is gradual. Currently trading at 15-18% of NAV. Lots of upside even after taking into account all the troubles that the company seems to be in. Vested with exit price of 9 cents within 12 months
 
 
shk363 ( Date: 05-Sep-2025 13:33) Posted:
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pump and dump ?
need to issue more bonds to pay the letter of demand
Raffles Education receives letter of demand for 33.7 million yuan from Chinese company
The group believes that the claim, which relates to a 2021 equity transfer, is &lsquo without merit&rsquo
[SINGAPORE] Raffles Education has received a letter of demand claiming that it is liable for about 33.7 million yuan (S$6.2 million) in enterprise income tax and late payment penalties, the group disclosed in a bourse filing on Friday (Aug 22). 
 
The letter of demand is from Oriental University City Development Co, a Chinese company. The sum is said to be related to the transfer of an equity interest in the Bank of Langfang made by Oriental University in 2021 to a third party designated by Raffles Education : NR7 +2.08%.
 
Raffles Education believes that the claim is &ldquo without merit&rdquo , and is working with legal advisers to prepare a response. 
 
&ldquo The company&rsquo s position is that it has no liability for the tax payment in question, and (it) intends to vigorously dispute the claim in its entirety,&rdquo it said.
test 60 tomorrow. slow and steady
shk363 ( Date: 06-Aug-2025 09:24) Posted:
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Yes
My balance vol in sell q from 53/55
Hope shortists help eat up
My balance vol in sell q from 53/55
Hope shortists help eat up
SmallSmall ( Date: 06-Aug-2025 15:44) Posted:
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This one accumulating the whole day at $0.051 -$0.052
Don' t think the shorts have the chance to cover back yet.
See whether got party later......
Don' t think the shorts have the chance to cover back yet.
See whether got party later......
shk363 ( Date: 06-Aug-2025 13:58) Posted:
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yes the main shareholder can privatise easily with 40 to 50 mil
SmallSmall ( Date: 06-Aug-2025 09:54) Posted:
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They have cleared many lawsuits and the owner keeps pumping in money. It is surely worth to invest here. Education is still important in this society.
The NAV is $0.42 and I believe it is real.
Only problem is it will likely be privatised way below that as usual.
 
Only problem is it will likely be privatised way below that as usual.
 
shk363 ( Date: 06-Aug-2025 09:43) Posted:
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the offer price was lowered to 135 mil but silill no news of any buyer
SmallSmall ( Date: 06-Aug-2025 09:39) Posted:
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If they can sell their property at Merchant Road, then it will be a different asset play.
That one I think is in the market for about  $200 mil !
That one I think is in the market for about  $200 mil !
trader1970 ( Date: 06-Aug-2025 09:35) Posted:
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you r right. BO 52, will test 60 and above :):)
shk363 ( Date: 06-Aug-2025 09:24) Posted:
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testing 60 today
Reminds me of leader env. 
Will load some in coming days. 
Will load some in coming days. 
value unlocked once it starts divesting its properties