AlanYeo
OP
:
This is not a good company. I calculated the Annual cashburn, the latest fund raising can last them around 2 years. So if revenue Don’t come in, can be challenging. Moreover, their industry payment from clients are progressive.
Bull Run
:
They already no money but due to political issue and bigger share holder is Temasek Hlding, die die has to sustain it or else f collapse will have great impact to Marine industry. Now they survive base on new debt to bail out old debt. It will take at least 5 years to turn around from red deficits.
AlanYeo
OP
Happy-You77
:
I never believe in this company. The report is just for reference. I cut long time at 0.161. When they issue rights the first time in 2020. Sometime during national day period I remember. I got in at 1.23 and lost a hefty 165k thereabout. Shitty management. When asked about the rights issue during Concall, CFO brought me round the world without answering my question. I sold the rights allocated in the market. Never subscribe. No faith in this company. Always gives excuses for non performance
101829776 : Risk seems high.
LeeDee : Maybe Institutions are selling… :-)
Bull Run : They raise TP just to lure the investor to buy so that they can throw out the rights subscribed with 8¢.
AlanYeo OP Bull Run : Possible...:)
AlanYeo OP : This is not a good company. I calculated the Annual cashburn, the latest fund raising can last them around 2 years. So if revenue Don’t come in, can be challenging. Moreover, their industry payment from clients are progressive.
Bull Run : They already no money but due to political issue and bigger share holder is Temasek Hlding, die die has to sustain it or else f collapse will have great impact to Marine industry. Now they survive base on new debt to bail out old debt. It will take at least 5 years to turn around from red deficits.
Happy-You77 : Upgrade? On what basis? One analyst report doesn't hold water ......
AlanYeo OP Happy-You77 : I never believe in this company. The report is just for reference. I cut long time at 0.161. When they issue rights the first time in 2020. Sometime during national day period I remember. I got in at 1.23 and lost a hefty 165k thereabout. Shitty management. When asked about the rights issue during Concall, CFO brought me round the world without answering my question. I sold the rights allocated in the market. Never subscribe. No faith in this company. Always gives excuses for non performance
Happy-You77 AlanYeo OP : I cut the loss too 3 months ago. minor damage