(26-09-2012, 04:23 PM)Serendipity123 Wrote: [ -> ] (26-09-2012, 10:28 AM)CityFarmer Wrote: [ -> ]IMO, Cash and Cash Equivalent is the ONLY asset that closer to book value, especially to company like Foreland Fabrictech 
But too bad it is the ONE been doubtful.
Ask yourself, in that case, what new information are you looking for that would convince you that Foreland is an honest company and the accounts are good? If there's nothing, it means because of the S-Chip scandals, you trust NO S-chips now. ALL S-chips are doubtful, ALL of their accounts are fake.
Nothing I say or do, and nothing Foreland's management say or do, will ever convince you otherwise.
That's okay though. Everyone is entitled to their own opinion 
In fact, to the contrary, i am probably one of the minority here still have trust on S-Chips, and continue to keep "trust-able" S-Chips in my watch list.
My benchmark for trust-worthy is primary base on other factors, rather than only on market price
(26-09-2012, 06:28 PM)CityFarmer Wrote: [ -> ]Ask yourself, in that case, what new information are you looking for that would convince you that Foreland is an honest company and the accounts are good? If there's nothing, it means because of the S-Chip scandals, you trust NO S-chips now. ALL S-chips are doubtful, ALL of their accounts are fake.
Quote:Nothing I say or do, and nothing Foreland's management say or do, will ever convince you otherwise.
That's okay though. Everyone is entitled to their own opinion
In fact, to the contrary, i am probably one of the minority here still have trust on S-Chips, and continue to keep "trust-able" S-Chips in my watch list.
My benchmark for trust-worthy is primary base on other factors, rather than only on market price
Well, it is already quite a significant effort to perform scanning of a few hundred stocks in SGX. So, I am quite ok to exclude a particular class of stocks or to relegate them to the bottom of the scanning list.
If overseas markets are included, s-chips will be even lower in the list.
Wow, foreland fabric price is now 0.036. A record low. The market must be pricing a very very very very bad news.
believe it will go lower! and wham!!! time will tell!
I did 3 purchase transactions ytd between 11-3 and found that I purchased all my lots from UOB-Kayhian. Which makes me wonder who is selling so many lots from UOB. There were about 900 lots which was executed with one of my transactions at the same timestamp, which makes me wonder who is selling so many
Foreland just issued a profit guidance yesterday, indicating the Company expects a loss for 3Q 2012.
As of this writing, Foreland is trading at 3.1c/share, down 8.8%.
Not Vested.
(20-10-2012, 12:14 PM)CY09 Wrote: [ -> ]I did 3 purchase transactions ytd between 11-3 and found that I purchased all my lots from UOB-Kayhian. Which makes me wonder who is selling so many lots from UOB. There were about 900 lots which was executed with one of my transactions at the same timestamp, which makes me wonder who is selling so many
Do you have nothing better to buy?
pains me to see so many singaporeans losing money in S chips!
(30-10-2012, 04:27 PM)propertyinvestor Wrote: [ -> ] (20-10-2012, 12:14 PM)CY09 Wrote: [ -> ]I did 3 purchase transactions ytd between 11-3 and found that I purchased all my lots from UOB-Kayhian. Which makes me wonder who is selling so many lots from UOB. There were about 900 lots which was executed with one of my transactions at the same timestamp, which makes me wonder who is selling so many
Do you have nothing better to buy? pains me to see so many singaporeans losing money in S chips!
As long as this company have not folded or delisted, you should not comment "nothing better to buy". This is a gem if the balance sheet is real.
Not vested and never will in any S-Chips because i am stupid and dont know whether their sheets are real.