(13-05-2015, 07:18 AM)thor666 Wrote: [ -> ]Xlandjy: some info for your review, as I recall from memory and from other sources.
1. Agm - penguin had mentioned the loss on the report is more of a technical than actual loss, due to;
2. Penguin practicing forward contracts, which management alluded this practice as more conservative and practiced by other similar companies.
3. The ID that stood up to talk about this point was mr ong kian min, former pap mp and his cv reference:
http://www.drewnapier.com/Lawyers/Ong-Kian-Min
You might disagree with him but given his work profile, I do feel he/management must have consciously made decision to manage forex in this manner.
All being said, if you lost faith, is better to sell.
Sent from my D5503 using Tapatalk
This is a forum. All participants are at liberty to talk or express his views. As an investor, I know what to do with my holdings. I don't need you to tell me to buy or sell.
Don't you think I have the right like anybody else to express my views regardless of my holdings? By holding the Board and management accountable, I am indirectly also protecting your interest and the interest of other shareholders. I will advise you not to be so narrow minded.
Can I not criticise the management even if I chose to hold on to the shares? Just like any Singaporeans can criticise the government in power. But, it does not mean that they have to give up their Singapore home if they were not happy with the government in power? I think Mr Ong K M will agree with me on this point.
I saw "spark" in this thread. Please remind focus on the topic discuss, rather than on any person. Please refrain from using expression e.g. "narrow-minded" on any person.
If you think a person post is meaningless to read, you can put him/her into an ignore-list. You will not be bothered.
Please take note.
Regards
Moderator
i view the advice of asking you to sell is with good intentions. You look so stressed in your sharing. We are here to make money but at the same time, what can be more important than our health?
The singapore market has another 700+ listed shares, you can easily find a place to put your money elsewhere
Not vested in penguin though
I don't think the result looks too horrible but the price gapped down to a low of 0.173 this morning with high volume.
Is there anything we have missed so far? Or purely due to pessimistic Oil and Gas sentiment?
It has been a great surprise to me that most stocks in O&G has retraced by at least 50% but Penguin has been well supported so far. Not vested yet but will monitoring her development over next few quarters to see if Penguin can really fly.
(13-05-2015, 09:29 AM)CityFarmer Wrote: [ -> ]I saw "spark" in this thread. Please remind focus on the topic discuss, rather than on any person. Please refrain from using expression e.g. "narrow-minded" on any person.
If you think a person post is meaningless to read, you can put him/her into an ignore-list. You will not be bothered.
Please take note.
Regards
Moderator
Mr Moderator,
Is it appropriate for one forummer to tell another to sell and possibly "shut up" just because he held certain different views? Furthermore, whether or not I am stressed is also not for another forummer to judge right?
I fully agree with you that we debate or argue on issues by focusing mainly on the issues concerned? Do not make assumption! I felt that the management was not fully au fait with forex from the way they handled and answered the questions raised. I welcome forummers to challenge and rebut my observation.
(13-05-2015, 09:14 AM)xlandjy Wrote: [ -> ] (13-05-2015, 07:18 AM)thor666 Wrote: [ -> ]Xlandjy: some info for your review, as I recall from memory and from other sources.
1. Agm - penguin had mentioned the loss on the report is more of a technical than actual loss, due to;
2. Penguin practicing forward contracts, which management alluded this practice as more conservative and practiced by other similar companies.
3. The ID that stood up to talk about this point was mr ong kian min, former pap mp and his cv reference:
http://www.drewnapier.com/Lawyers/Ong-Kian-Min
You might disagree with him but given his work profile, I do feel he/management must have consciously made decision to manage forex in this manner.
All being said, if you lost faith, is better to sell.
Sent from my D5503 using Tapatalk
This is a forum. All participants are at liberty to talk or express his views. As an investor, I know what to do with my holdings. I don't need you to tell me to buy or sell.
Don't you think I have the right like anybody else to express my views regardless of my holdings? By holding the Board and management accountable, I am indirectly also protecting your interest and the interest of other shareholders. I will advise you not to be so narrow minded.
Can I not criticise the management even if I chose to hold on to the shares? Just like any Singaporeans can criticise the government in power. But, it does not mean that they have to give up their Singapore home if they were not happy with the government in power? I think Mr Ong K M will agree with me on this point.
Hi xlandjy,
No offense meant at you, just sharing. I sense your frustration with management and wanted to share a counter point of view, apologies if my post come as negative.
As mentioned, suggestion to sell is not meant as a jibe, just that it might be better to feel peace of mind.
Good luck and peace to you
Sent from my D5503 using Tapatalk
(13-05-2015, 09:29 AM)CityFarmer Wrote: [ -> ]I saw "spark" in this thread. Please remind focus on the topic discuss, rather than on any person. Please refrain from using expression e.g. "narrow-minded" on any person.
If you think a person post is meaningless to read, you can put him/her into an ignore-list. You will not be bothered.
Please take note.
Regards
Moderator
Thanks moderator, the ignore-list is a wonderful feature. I found the first person to add into my ignore-list today
(13-05-2015, 10:09 AM)xlandjy Wrote: [ -> ] (13-05-2015, 09:29 AM)CityFarmer Wrote: [ -> ]I saw "spark" in this thread. Please remind focus on the topic discuss, rather than on any person. Please refrain from using expression e.g. "narrow-minded" on any person.
If you think a person post is meaningless to read, you can put him/her into an ignore-list. You will not be bothered.
Please take note.
Regards
Moderator
Mr Moderator,
Is it appropriate for one forummer to tell another to sell and possibly "shut up" just because he held certain different views? Furthermore, whether or not I am stressed is also not for another forummer to judge right?
I fully agree with you that we debate or argue on issues by focusing mainly on the issues concerned? Do not make assumption! I felt that the management was not fully au fait with forex from the way they handled and answered the questions raised. I welcome forummers to challenge and rebut my observation.
In fact, it is a reasonable doubt, why remain vested while not satisfiying with the management performance? Probably you are still having hope on them.
The forex issue has been well-explained, by many knowledgeable buddies. May be you have mis-understood the actual operation of hedging, and the way it was accounted?
Regards
Cityfarmer
(13-05-2015, 09:29 AM)safetyfirst Wrote: [ -> ]i view the advice of asking you to sell is with good intentions. You look so stressed in your sharing. We are here to make money but at the same time, what can be more important than our health? The singapore market has another 700+ listed shares, you can easily find a place to put your money elsewhere
Not vested in penguin though
If it is of any value, I second safetyfirst in his observation. I don't see what is wrong with thor666 calmly worded comment amounting to "shut up"
There is a particular VB here with a huge position relative to his portfolio in Penguin which we all know. End of day he will have to manage his position carefully and see all angles discussed rather than create "spark" in this thread which helps no one.