My preliminary estimate is loss of at least RMB 50mil for Q4 alone.
So full year loss would probably be easily more than RMB 200mil.
I will remain vested
Yes, I am vested too.
If company misses any CB payment, price may drop to 5 cents.
Wanting to grab more at 5 cents. Just wait patiently
(10-05-2012, 10:50 PM)potatolover Wrote: [ -> ]My preliminary estimate is loss of at least RMB 50mil for Q4 alone.
So full year loss would probably be easily more than RMB 200mil.
I will remain vested
I would like to accumulate more on this counter. I am contemplating to buy now or like others wait till the FY report is out.
Profit warnig should be in line with expectations, huh? From European perspective it should have been included in the warnig, if there should be any problems regarding cashing of receivables. Implicitly, from European perspective the profit warning can even be considered as "no news is good news".
Unfortunately I am not too familiar with "cultural issues" between the old continent and the even older continent. The "Chinese-Good-Year-Episode" was reaaally weird, and in that context the cash hoarding problen isn't off the table yet. Not even close.
My counters are already in. I will stick with those, but raising the bet is off limits. (Btw, I have no intention of exiting even if some sort of divine intervention should lift the price tag to sgd 0,30...0,40).
Sometimes, we just got to be honest with ourselves when the investment went sour instead of keep plunging further and further into a sunken counter.
Got to diversify and set one's sight further...
(11-05-2012, 11:51 AM)Underdogger Wrote: [ -> ]Yes, I am vested too.
If company misses any CB payment, price may drop to 5 cents.
Wanting to grab more at 5 cents. Just wait patiently
(10-05-2012, 10:50 PM)potatolover Wrote: [ -> ]My preliminary estimate is loss of at least RMB 50mil for Q4 alone.
So full year loss would probably be easily more than RMB 200mil.
I will remain vested
next level is 8 cents and below...How bad can the 4th Q results be?
I am waiting to buy big time at 5 cents...But at such low level, hard to imagine anyone willing to throw out...
Maybe the fund houses have already written off their investment in Essence...
(17-05-2012, 10:56 AM)Underdogger Wrote: [ -> ]next level is 8 cents and below...How bad can the 4th Q results be?
9 cents...soon it will drop another leg...
(17-05-2012, 09:15 PM)Stockerman Wrote: [ -> ]I am waiting to buy big time at 5 cents...But at such low level, hard to imagine anyone willing to throw out...
Maybe the fund houses have already written off their investment in Essence...
I would like to share with you "The Twelve Silliest (and Most Dangerous) Things People Say About Stock Prices" by Peter Lynch in his "One Up On Wall Street" book
The very 1st one is "If It's Gone Down This Much Already, It Can't Go Much Lower".
I agree that it might go down even more from here...
Or it can just stagnate at less than 10 cents for the foreseeable future like a lot of S chips...once drop never ever see the sunlight again..
(18-05-2012, 03:57 PM)CityFarmer Wrote: [ -> ] (17-05-2012, 09:15 PM)Stockerman Wrote: [ -> ]I am waiting to buy big time at 5 cents...But at such low level, hard to imagine anyone willing to throw out...
Maybe the fund houses have already written off their investment in Essence...
I would like to share with you "The Twelve Silliest (and Most Dangerous) Things People Say About Stock Prices" by Peter Lynch in his "One Up On Wall Street" book
The very 1st one is "If It's Gone Down This Much Already, It Can't Go Much Lower".