13-08-2015, 12:39 PM
FY2Q2015
http://infopub.sgx.com/FileOpen/Half%20Y...eID=364423
Look at the cash level as of 30 June 2015. Look at the amount of convertible bond. Basically the company does not have or did not prepare for the coming due of bond redemption.
Are they trying their luck and having 'fun' that those bond holders will not ask for bond redemption and not sue the company.
I try not to elaborate too much. Just try to use common sense to think about it.
not vested
http://infopub.sgx.com/FileOpen/Half%20Y...eID=364423
Look at the cash level as of 30 June 2015. Look at the amount of convertible bond. Basically the company does not have or did not prepare for the coming due of bond redemption.
Are they trying their luck and having 'fun' that those bond holders will not ask for bond redemption and not sue the company.
I try not to elaborate too much. Just try to use common sense to think about it.
not vested
(27-07-2015, 08:14 AM)Behappyalways Wrote: [ -> ]In their 1Q2015 result, the balance sheet stated that the group has RMB420m. Why is the money 'sitting' in the bank and not used to pay off the bond. The interest payment on bond extension is not cheap. The company has ample time(the due dates of the bonds are known) and funds to redeem the bonds. That's why I said the company is not profit maximising but for FUN.
Theoretically the group has RMB420m as of 31 Mar 2015. THEORETICALLY........
As for the thai investor. Some investors based their faith on the thai investor. My suggestion is to invest in the thai company rather than Sino Grandness. Most probably you get to keep your shirt at the end of the fiasco......
Not vested