$OCFT (06638.HK)$$OneConnect Financial Technology (OCFT.US)$Thought of a possible reason for the buyout offer. Everyone knows OCFT was burning lots of cash due to losses and that the bank was sold in order to raise cash. At least that was my view and I'm pretty confident it is correct. Auditors come in and say, I'm not sure you can survive the next 12 months as you've been burning cash. My understanding of rules is that you can avoid a "going concern" audit opinion by showin...
Rebecca Xie
OPJeff Boyd
:
that s ok I took my profit after seeing this price action. but I m entering with few bucks, just out of curiosity of how is going to end this MF
Rebecca Xie
OPJeff Boyd
:
but if ping an offer 2.0+ HKD, minimum, which is v high probability that goes through as ocft is a rib of the ping an body, once the offer get the green light, stock holders will get 2 hkd, which is much higher than this price.
Jeff Boyd
:
The original contract with Ping An was always unclear to me. I know it was ten years but who owned what and rights at expiration were not clear. There is a long term problem with transparency. I just want it to go away and I think Ping An really took advantage of US markets being in a bubble back then. The concern is they are not done taking advantage. At least it looks like they are going to release financials in a couple of weeks. I thought that was a disaster waiting to happen.
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This section presents the top 5 stocks in HK dividend stocks, ranked from highest to lowest based on real-time market data.
OCFT Stock Forum
OneConnect Reports Massive 53% Revenue Plunge as Losses Triple in Q4 2024
Auditors come in and say, I'm not sure you can survive the next 12 months as you've been burning cash. My understanding of rules is that you can avoid a "going concern" audit opinion by showin...
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