$CityDev (C09.SG)$ The family saga actually overshadowed the quarterly result. It is almost as if Kweks are trying to divert our attention from the 💩 result. No one has yet to address the results and propose next course of actions.
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Is it possible to cover up the performance?
Serendipity28
OP
101576178
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The poor result is already out. So there is nothing to cover. More like a distraction tactic. People can figure it out eventually. The Kweks should just deal with their baggage and get on with the biz...
Deep Sea
Green Leaf Froggie
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The assets can pay off the debts easily. RNAV is very high. Sell them at 50% discount, the stock price is still worth at least $8. At current price 5.12, it is considered undervalued.
$CityDev (C09.SG)$ Old Kwek holds 48% stake in the company. It’s easy for him to remove young Kwek from the CEO position at the AGM. There is no way his son can win.
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The major Shareholder is unlikely to sell shares; with few retail shares, it shouldn't drop significantly.
jusgod
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Whatever the outcome..... They must find a new capable PRO from outside to become the new CEO....... Else the company will deteriorate badly and undermine minority shareholders........
jusgod
Deep Sea
OP
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I think Old Kwek also have prob esp with CW & become 老糊涂....... Thats why the only soln is pass on to capable 3rd party to manage the company else we minority shareholders will be jialat......
102944919
101576178
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i also dont know but the lowest is 2.50 in 2003 SARS. panic selling can cause the price to drop regardless of what RNAV . only hope is they share buy back to support the price. we small fish suffer. worst stock to buy.
_MK_Watcher_
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The price will in high panicking mode when trading halt lifted. There are different camps of thoughts of the magitude of the price movement, depending on one's perception and understanding of the still-developing saga that contributes a lot of uncertainties.
102944919
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son engaged lawyer. share price will drop til no eye see. if the case drag on , shareholders really is the one that suffer. big mistake to buy into this counter. if son regain control i think is really no hope for the share price to recover.
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天意堂8444 OP :