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mazimaz10 Senior	07-May-2009 10:44        mazimaz10 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So what the reasonable price to go in?
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alvinlimyc Member	07-May-2009 10:18        alvinlimyc About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Not really true.... This is a high profit industry and it is not doing so well these 2 quarters as economy slow down and now the H1N1 viral.... This school has most of its students from regional countries but intake has gone down due to the China students spending their holidays till late March and now more delays of other students coming due to the viral thing.... Usually picks up fast when things are moving (which is now....) the share has potential of $3 early last year and share split bring it down to $1.5 then got affected by the downturn saw it crashing down to 30cents.... It should be back to 80cents or $1 late this year or 1Q10
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mazimaz10 Senior	07-May-2009 09:31        mazimaz10 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What happen to raffles people keep on dumping the shares where the rest of counter go up. Any bad news?
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tirami Member	05-May-2009 23:19        tirami About Contact  Quote this Post!
x 0   x 0  Alert Admin	It came to life today! But seems like result not very good. http://skybach.wordpress.com/2009/05/05/raffles-educat…it-declined-20/
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des_khor Supreme	14-Apr-2009 10:45        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is the God or MFT from this forum??"
x 0   x 0  Alert Admin	another sleeping counter ??
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tchoonw Veteran	06-Apr-2009 10:29        tchoonw About Contact  Quote this Post!
x 0   x 0  Alert Admin	spot another not moving counter, hmm...potential candidate to short!
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AK_Francis Supreme	18-Mar-2009 17:33        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	SGX has approved NEL, which was sus on 151108 owing illed audit in d AR, to make d amended AR b4 end May ds yr, n conduct AGM b4 end Jul same yr. Then NEL sus at 4 cts. OC sus on 120309 due to d same fraud as NEL.  AK guesses that , likely OC will get d independant Auditing Coy to reaudit d coy report n subsequently seeking SGX for following up action. Then OC sus at 15.5cts.  Above are guesses work only, no call for anything. Cheers.
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E-war Veteran	18-Mar-2009 16:04        E-war About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any news on Oriental century and its so-called immaterial impact on RafflesEducation?
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iPunter Supreme	18-Mar-2009 06:10        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why do you sell now when the market is much, much weaker than before? You should be selling when the market was charging very strong and "Cheong Aaaarrrhhh!!!"... But at those times, people usually buy fiercely... including those who have never  played stocks in their lives... hehehe...
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freeme Elite	12-Mar-2009 19:16        freeme About Contact  Quote this Post!
x 0   x 0  Alert Admin	nice move if u buy below 0.3... i saw it at 0.29 den i tink can wait awhile buy at 0.28 den it goes to 3.1, i hope it drop den i can get in at 0.3, den shot all the way up.. knn.. missed Hulumas      ( Date: 12-Mar-2009 17:13) Posted: Not bad, I have bought some instead. hondastream      ( Date: 12-Mar-2009 16:52) Posted: This counter. must be play by the big bull and big bear... seem like each have their own rounds... hua shan lun jian...
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Hulumas Supreme	12-Mar-2009 17:13        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	Not bad, I have bought some instead. hondastream      ( Date: 12-Mar-2009 16:52) Posted: This counter. must be play by the big bull and big bear... seem like each have their own rounds... hua shan lun jian...
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hondastream Member	12-Mar-2009 16:52        hondastream About Contact  Quote this Post!
x 0   x 0  Alert Admin	This counter. must be play by the big bull and big bear... seem like each have their own rounds... hua shan lun jian...
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OneSharer Veteran	12-Mar-2009 13:11        OneSharer About Contact  Quote this Post!
x 0   x 0  Alert Admin	However, RE provided a "worst case" scenario --> NBV from S$0.1646 to S$0.1496, down 1.5 cents.
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hotstock Veteran	12-Mar-2009 13:07        hotstock About Contact  Quote this Post!
x 0   x 0  Alert Admin	THis is definitely a bad news from my point of view. It is just damage control. When a school lose reputation, it is a gone case. Remember informatics?   I remember a few house calling Oriental Century a good buy before the tsunami days. I was wonder how the report is written?   These days, when you see china stock halts, it has a high chance of very bad news.
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trader88.sg Veteran	12-Mar-2009 12:57        trader88.sg About Contact  Quote this Post!
x 0   x 0  Alert Admin	Raffles Ed has to come out to make "positive" statement to counter the negative news. Let the market decides, we will know the market response after 2PM.  I will avoid Raffles Ed though.
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hondastream Member	12-Mar-2009 12:39        hondastream About Contact  Quote this Post!
x 0   x 0  Alert Admin	yo .. trader. what do you think about the statement from ceo of raffles. ed.. ?
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trader88.sg Veteran	12-Mar-2009 12:36        trader88.sg About Contact  Quote this Post!
x 0   x 0  Alert Admin	Business Times - 12 Mar 2009 Raffles Ed says unaffected by irregularities at China unit By OH BOON PING SINGAPORE - Raffles Education, which owns 29.9 per cent stake in Oriental Century (OCL), said it is not materially affected by the accounting irregularities at OCL. OCL, whose shares have been suspended, reported that its sales and cash balances had been inflated, while unspecified sums were diverted to an third party. OCL had contributed $2 million (US$1.3 million) to Raffles' net profit of $99.4 million in FY08. The education provider may consider writing off its $34.6 million investment in the worst case scenario.
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hondastream Member	12-Mar-2009 12:22        hondastream About Contact  Quote this Post!
x 0   x 0  Alert Admin	Request for Lifting of Trading Halt * Asterisks denote mandatory information   "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."   Name of Announcer * RAFFLES EDUCATION CORP LIMITED   Company Registration No. 199400712N   Announcement submitted on behalf of RAFFLES EDUCATION CORP LIMITED   Announcement is submitted with respect to * RAFFLES EDUCATION CORP LIMITED   Announcement is submitted by * CHEW HUA SENG   Designation * CHAIRMAN   Date & Time of Broadcast 12-Mar-2009 12:09:07   Announcement No. 00017       >> Announcement Details The details of the announcement start here ...   Date of Lifting of Trading Halt * 12-03-2009   Time of Lifting of Trading Halt * 1400 hours
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trader88.sg Veteran	12-Mar-2009 10:02        trader88.sg About Contact  Quote this Post!
x 0   x 0  Alert Admin	ORIENTAL CENTURY LIMITED ANNOUNCEMENT – REQUEST FOR VOLUNTARY SUSPENSION OF TRADING IN SHARES The Board of Directors (the "Board") of Oriental Century Limited (the "Company") wishes to provide clarification on the circumstances leading to its trading halt commencing on 10 March 2009. On 9 March 2009, the Chief Financial Officer of the Company (“CFO”) was informed by KPMG, the Company's auditors, that they had difficulties seeking the reconfirmation of the bank balance and that there were doubts about the authenticity of a bank confirmation received earlier by KPMG. Mr. Wang Yuean ("Mr. Wang"), the Executive Chairman and Chief Executive Officer of the Company, instructed the CFO to defer the reconfirmation process until after the Board meeting that he had urgently convened for 10 March 2009 just that day. Later on that same date, the CFO advised the Audit Committee that he had serious doubts over the existence of the actual bank balance held by the bank as at 31 December 2008. KPMG later informed the Audit Committee that their follow-up audit enquiries with the bank indicated that the bank had no knowledge of having issued the confirmation received by KPMG earlier and there was a significant difference between the book and actual cash balance as at 31 December 2008. On 10 March 2009, the Board was informed by Mr. Wang, that the cash and cash equivalents amount of the Group of RMB 234,336,000 as reported on the Group’s balance sheet set out in the unaudited financial statement for the year ended 31 December 2008 announced by the Company on 24 February 2009 (“FY2008 financials”), was substantially inflated. Mr Wang had over the years inflated sales and cash balances and had diverted unspecified sums to an interested party. He alleged that he had made up fictitious accounting and related records to lead the directors, the CFO and the auditors to believe that the cash were in existence. Accordingly, based on Mr. Wang’s statements, the Board has concerns that the FY2008 financials and the Company’s previous audited and unaudited financial statements may be inaccurate and unreliable. The full extent of the impact on the Group’s financial position is at present unclear. Mr. Wang did not provide full details of or quantify the overstatements. At the Board meeting on 10 March 2009, Mr. Wang tendered his resignation as Executive Chairman, Director and Chief Executive Officer of the Company, and the Board accepted his resignation on 11 March 2009 and also appointed Mr. Lei Hua ("Mr. Lei"), the Chief Investment Officer of the Company, as Acting Chief Executive Officer with effect from 10 March 2009. Separate announcements as required pursuant to Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited (“SGX-ST”) on the cessation of service of Mr. Wang and the appointment of the Acting Chief Executive Officer, will be released by the Company shortly. As the Company is unable to reasonably assess its financial position at the present time and given the uncertainty surrounding the Group in the meantime, the Company has requested for the voluntary suspension of the trading of the Company's shares on the SGX-ST. The Board has tasked the CFO and Mr. Lei to travel as soon as possible to the People’s Republic of China ("PRC") where the Company’s principal operations are located, to investigate the matter further, to establish control over the Company’s PRC subsidiaries, and to report back to the Board on a timely basis as soon as material facts surface. The Company will issue further announcements as soon as more information becomes available on the matter and the situation of the Group becomes clearer. The Board is concerned that the Group's ability to operate as a going concern may be in doubt, pending clarity on the financials of the Group. The Board wishes to advise shareholders that the Company, being an investment holding company with its main assets being interests in its subsidiaries in the PRC, has limited funds at its disposal in Singapore. In addition, as stated in the Company’s prospectus in its initial public offering dated 22 May 2006, the departure of Mr Wang with his experience in and knowledge of the education industry in the PRC could have a material adverse impact on the Group’s operations unless a suitable replacement is found. BY ORDER OF THE BOARD Lotus Isabella Lim Mei Hua Company Secretary
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iPunter Supreme	12-Mar-2009 09:44        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	I had hopes for this stupid stock... But I saved a bundle by dumping it very early on months ago... I bought then dumped at a tiny loss... a disappointment for me...
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