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This stock has been in deep value for long time.
So is it a value trap? What are the catalysts?

(15-08-2013, 08:58 PM)Stockerman Wrote: [ -> ]http://durianinvesting.blogspot.sg/2011/...dings.html

can someone help me understand this in simpler language pls?

tks.

In april 2011 stock quoted 0.40 and the author of the article valued it 1.2 . That however did not prevent the stock to go further down to current levels.

value trap...?

Value trap until catalysts appears. E.g. The GZ project TOP.

counter is now up to 0.295 . No news on the JKEX site.

been giving good dividends..

JKEX site? the site near GZ GYQ MRT station?

sorry, typo, meant HKEX website www.hkex.com.hk

(15-08-2013, 08:58 PM)Stockerman Wrote: [ -> ]http://durianinvesting.blogspot.sg/2011/...dings.html

can someone help me understand this in simpler language pls?

tks.

Lets assume the Jan 2008 shareholder holds one board lot = 4000 shares.

At Sept 2008 , the company consolidates your shares to 1 for 50 which reduces your holding to 80 shares.

At Mar 2009, the company makes a rights issue of 0.3 shares for 1 existing at $0,35 for which you get 24 shares and pay$8.40 .

At Jan 2011, the company consolidates 1 for 10 shares and your holding of 104 shares is reduced to 10 shares. Then company offers a rights issue 0.8 shares for 1 consolidated share at $0.30 = 12 new shares and pay S3.60 .

So now at 2013 , you hold 22 shares in the company and current price is approx $0.26 ?.

So if you were a shareholder in 2008, your investment is now worth almost 97% less.

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Sorry, Correction to above post :

At Jan 2011, the company consolidates 1 for 10 shares and your holding of 104 shares is reduced to 10 shares. Then company offers a rights issue 0.8 shares for 1 consolidated share at $0.30 = 8 new shares and pay S2.40 .

So now at 2013 , you hold 18 shares in the company and current price is approx $0.26 ?.

So if you were a shareholder in 2008, your investment is now worth almost 98% less and you have been wiped out.

Share consolidation + rights (during bad market conditions) = death touch. Ultimate corp action to screw minorities who cannot pony up for rights.

The company has announced suspension of trading this morning pending announcement of substantial acquisition.

The company has gained a new substantial shareholder: Ong Bee Lian

Does anyone know Mr Ong Bee Lian ?