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Renewable Energy

New123
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30-May-2011 11:19     
 
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'Quote'

Bet on renewable energy

Li nette Lim

linettelim@mediacorp.com.sg

SINGAPORE - With volatile oil prices and dwindling supplies of fossil fuels, observers are putting their bets on renewable energy. This includes solar and wind energy, as well as bio-fuels.

Market players here say Singaporean consumers can expect solar energy, for example, to be as cost-effective as conventional energy in a matter of a few years. This is due to economies of scale and higher efficiency owing to better production methods.

Mr Christophe Inglin, managing director of solar company Phoenix Solar, told Today: " Solar energy in places like California or Italy is already cost-effective and, in Singapore, we're only about two or three years away."

Currently, renewable energy accounts for less than 10 per cent of global power supply. Analysts say it could make up a quarter of global power supply within a decade.

Besides the increasing cost of crude oil, the outlook for the renewable energy sector is boosted by the fact that public opposition to nuclear power is high following the Fukushima Dai-ichi incident.

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wishbone
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30-May-2011 08:57     
 
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Unlikely any different as the confident has been shaken already. The financial result released confirms the fact.

Sigh!!!!!

Smiley
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tchoonw
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30-May-2011 08:21     
 
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maybe to push down lower so that BBs can buy cheap and later gave good outlook so BBs can sell higher price later...one good example is Sunvic!
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khlixin
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30-May-2011 07:38     
 
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The result is out and above 50% of the loss are non-recurring nature. Last weeks market is over react.

The price will improve if mgt able to :

a. up productivity to lower unit cost.

b.down machines repair cost.

c.get more projects.

d.etc. 

New123      ( Date: 29-May-2011 20:29) Posted:



No matter how good or bad ppl says is for your information only. Trust yourself and make decision for your own trade or investment. No body can decide for you. Every investment come with risk.

In the stock mkt,  there is no such things as fairness... There are only willing buyer and seller... 

medivh      ( Date: 29-May-2011 20:16) Posted:



actually the stock market no feelings de.. but forum has some la..thats why the  huge response from some here when comments  and complaints come from people who  DO NOT want to admit their own mistakes but want to ask SGX to  start blaming or putting penalty on these companies.. That's not SGX JOB to begin with. 

I agree with you (bro Rotija)  about learning from mistakes... sometimes its hard.. but we have to , if we were to survive in this heavily manipulated stock market... remember the words.. HEAVILY MANIPULATED.

If new forummers want to learn to ride the wave of the stock market, they have to first learn to swallow gulps of water.. drown watever.. then come up alive and be a better surfer :
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New123
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29-May-2011 20:29     
 
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No matter how good or bad ppl says is for your information only. Trust yourself and make decision for your own trade or investment. No body can decide for you. Every investment come with risk.

In the stock mkt,  there is no such things as fairness... There are only willing buyer and seller... 

medivh      ( Date: 29-May-2011 20:16) Posted:



actually the stock market no feelings de.. but forum has some la..thats why the  huge response from some here when comments  and complaints come from people who  DO NOT want to admit their own mistakes but want to ask SGX to  start blaming or putting penalty on these companies.. That's not SGX JOB to begin with. 

I agree with you (bro Rotija)  about learning from mistakes... sometimes its hard.. but we have to , if we were to survive in this heavily manipulated stock market... remember the words.. HEAVILY MANIPULATED.

If new forummers want to learn to ride the wave of the stock market, they have to first learn to swallow gulps of water.. drown watever.. then come up alive and be a better surfer :)

medivh      ( Date: 18-May-2011 20:56) Posted:



SideTrack: Going GREEN is good and its what people are looking at.. the business takes an alternative view to consumable limited resources.. e.g. coal, nuclear etc. which is apparently unstable (see Japan's nuclear crisis and rising coal prices in China). Wind or Sun or Water and any other ways  is the future if they do not want Mother Earth to be barren. Given the growing pop, the rising need for energy, and energy prices rising like madness,

the alternative which is to go GREEN is certainly beneficial for us.

For this stock, its a different case totally. You see, these days China stocks behaved pretty negatively, especially those penny stocks. Many investors have been caught unaware with " sudden" downwards pull to near-oblivion prices, that they are staying away... Special cases for those with inside news will surprisingly run with large selldowns, which will then trigger the other retail investors to follow suit.

Everyone have their own beliefs. But don't Love a stock just cause its darn cheap... You will either lose all you have or earn that " meagre" amount that will ultmately result in a loss somewhere else cause you cannot stop Loving cheap stocks and keep falling into it.
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medivh
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29-May-2011 20:16     
 
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actually the stock market no feelings de.. but forum has some la..thats why the  huge response from some here when comments  and complaints come from people who  DO NOT want to admit their own mistakes but want to ask SGX to  start blaming or putting penalty on these companies.. That's not SGX JOB to begin with. 

I agree with you (bro Rotija)  about learning from mistakes... sometimes its hard.. but we have to , if we were to survive in this heavily manipulated stock market... remember the words.. HEAVILY MANIPULATED.

If new forummers want to learn to ride the wave of the stock market, they have to first learn to swallow gulps of water.. drown watever.. then come up alive and be a better surfer :)

medivh      ( Date: 18-May-2011 20:56) Posted:



SideTrack: Going GREEN is good and its what people are looking at.. the business takes an alternative view to consumable limited resources.. e.g. coal, nuclear etc. which is apparently unstable (see Japan's nuclear crisis and rising coal prices in China). Wind or Sun or Water and any other ways  is the future if they do not want Mother Earth to be barren. Given the growing pop, the rising need for energy, and energy prices rising like madness,

the alternative which is to go GREEN is certainly beneficial for us.

For this stock, its a different case totally. You see, these days China stocks behaved pretty negatively, especially those penny stocks. Many investors have been caught unaware with " sudden" downwards pull to near-oblivion prices, that they are staying away... Special cases for those with inside news will surprisingly run with large selldowns, which will then trigger the other retail investors to follow suit.

Everyone have their own beliefs. But don't Love a stock just cause its darn cheap... You will either lose all you have or earn that " meagre" amount that will ultmately result in a loss somewhere else cause you cannot stop Loving cheap stocks and keep falling into it.
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rotijai
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29-May-2011 19:01     
 
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i really hope with such huge reaction.. 'retail investors' will wake up...

nth personal but i think ppl here should be more sceptical when it comes to betting/investing.. u are risking ur $ on smth.. to gain OR to lose..

i believe most of us are radical enough to know that even news reporter/stock analyst/accountants (< -- yes they are paid to create false acc) aren't reliable at all..

by just relying and reading on the results, u bet most/all ur savings on it?

and the funny thing is.. this year we have like 4-5 penny stocks got hit (halt / suspended) and yet some of the retailers still wanna bet on the so-called " gems" ?

if u ever follow this forum, u should have read some threads where more experienced traders win and loss LOGICALLY (meaning they have a plan and they follow it = buy and then earn/lose and they dont buy/sell based on only one report or one analyst).. and most of them have one thing in common - they dont risk much $ on s-chips. in fact, i believe most of them dont buy s-chips at all now.

Look at STI... there are so many stocks for u to buy.. there are 30 STI stocks.. and i believe none of us dont even have the $ to buy 10 of them.. so why die die u must buy s-chips and get burnt?

i was once an idiot and bought s-chip and got burnt.. i never blame anyone but myself. I told myself i need to learn from this experience, if not the $ i lost will be  totally meaningless.

*s-chips are for pros and those who have huge $ and definitely they arent the stocks for u to put > 25% of ur $ in.. i have friends just putting 3-5% of their $ into several s-chips tat they think safer/better.. and they are ever ready to right off those $ if the investment turn out to be bad.

mooo000      ( Date: 29-May-2011 18:41) Posted:



lols such a huge reaction for just a comment. haha yup i know likelihood of that happening is low, but just say say only.  i agree its investors own responsibility for their own investment. but just saying that sgx should if possible penalize companies for accidental accounting mistakes. or else companies can always say they make an accidental accounting error, when reporting the results, and apologize later
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wishbone
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29-May-2011 18:45     
 
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Wow!! Sound like PAP. Made mistake just apologise and bow tai chi leow. Can meh!!!!!

Smiley 

mooo000      ( Date: 29-May-2011 18:41) Posted:



lols such a huge reaction for just a comment. haha yup i know likelihood of that happening is low, but just say say only.  i agree its investors own responsibility for their own investment. but just saying that sgx should if possible penalize companies for accidental accounting mistakes. or else companies can always say they make an accidental accounting error, when reporting the results, and apologize later
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sansgp
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29-May-2011 18:42     
 
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It appears REA is not alone. it seems  a fav. national practice in China to cook their books... :)

A fair system is taken for a ride. A complete mokery, not until you read this...

http://www.bloomberg.com/news/2011-05-24/chanos-says-hedge-fund-may-not-be-bearish-enough-on-chinese-real-estate.html

We have to re-define 'hit & run' as : kena get hit,  then run for cover. Smart will learn from their mistakes but the wise one learn from smart!
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mooo000
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29-May-2011 18:41     
 
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lols such a huge reaction for just a comment. haha yup i know likelihood of that happening is low, but just say say only.  i agree its investors own responsibility for their own investment. but just saying that sgx should if possible penalize companies for accidental accounting mistakes. or else companies can always say they make an accidental accounting error, when reporting the results, and apologize later
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wishbone
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29-May-2011 18:00     
 
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Well said.

Thank you for the timely advice to those who are still in their dream land. Don't throw good money away . It is very painful to see so many suffer losses not bcos of business failure but something else.   


rotijai      ( Date: 29-May-2011 17:00) Posted:



sgx should intervene or compensate ?

complain ? complain to who ?

OMG... this is SO Singaporean... pampered by the PAP government, ignorant and refuse to admit their mistake.... and thought tat u deserve all the protection by ur country?

Come on.. wake up.

Buying shares is almost the same as betting.. u are betting the futures of the company, of course the company can intentionally or unintentionally make false accounts/results..

Buying shares is not just betting whether the company can flourish or not.. u are also betting ur trust (for mid-long term) to the company that they aren't and won't make false accs..

SO WAKE UP.. THIS IS THE REAL WORLD.. NOONE OWE YOU YOUR LOSSES..

any new or old comers ever visit this forum earlier should understand tat we have been saying " DONT BUY CHINA PENNY STOCKS..., IF YOUR HAND ITCHY WANNA BUY, MAKE SURE U HAVE UR CUT LOSS PLAN" ..

i am kinda sick  of all this nuisance saying tat SGX should do this.. SGX should do tat.. to wat? compensate?

You might as well ask the government to compensate all the losses the gamblers lost in the 2 casinos?

If any of you keep pointing fingers on others and refuse to accept tat this is a bad investment (" No, i am not wrong.. i am being cheated by the results..bla bla.." ), i suggest u  stop playing shares.. cause there is no protection. i suggest u buy  investment insurance..trust..etc safer and at least there's one u can complain to when u feel like u got cheated 

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smartrader
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29-May-2011 17:16     
 
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the real renewable energy play is Asiatic..hehe..
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rotijai
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29-May-2011 17:00     
 
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sgx should intervene or compensate ?

complain ? complain to who ?

OMG... this is SO Singaporean... pampered by the PAP government, ignorant and refuse to admit their mistake.... and thought tat u deserve all the protection by ur country?

Come on.. wake up.

Buying shares is almost the same as betting.. u are betting the futures of the company, of course the company can intentionally or unintentionally make false accounts/results..

Buying shares is not just betting whether the company can flourish or not.. u are also betting ur trust (for mid-long term) to the company that they aren't and won't make false accs..

SO WAKE UP.. THIS IS THE REAL WORLD.. NOONE OWE YOU YOUR LOSSES..

any new or old comers ever visit this forum earlier should understand tat we have been saying " DONT BUY CHINA PENNY STOCKS..., IF YOUR HAND ITCHY WANNA BUY, MAKE SURE U HAVE UR CUT LOSS PLAN" ..

i am kinda sick  of all this nuisance saying tat SGX should do this.. SGX should do tat.. to wat? compensate?

You might as well ask the government to compensate all the losses the gamblers lost in the 2 casinos?

If any of you keep pointing fingers on others and refuse to accept tat this is a bad investment (" No, i am not wrong.. i am being cheated by the results..bla bla.." ), i suggest u  stop playing shares.. cause there is no protection. i suggest u buy  investment insurance..trust..etc safer and at least there's one u can complain to when u feel like u got cheated 
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mooo000
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29-May-2011 13:08     
 
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hmm yea actually i do feel abit cheated and angry at first when see the rpt. I entered cuz of the first half result. actually sgx should intervene or some compensation should be made to investors who relied on the company's representation of the first half year results. but after you say about the CFO case, now it does make abit more sense. No wonder he has to resign after just joining the company for 1 year. 

but whats done is done, i think most investors who are still holding from the past is in a situation like me, where we are stuck in the middle. lose so much already, no point selling now also, cuz recover also so little, might as well just close the eyes and gamble for the company to turn around. wish all gd luck! 


sansgp      ( Date: 29-May-2011 12:45) Posted:



You are absolutely right. It is the co. that lured unsuspecting investors. You can see the pattern here. They raised money twice before their  Sep 2010 results! They got brokers such as kim Engs to write lucrative story about the co and rosy prospects (which in my belief are going happen in  future not only for this co. but for most co. in this type of business as most Govts. favor and incentivise producers of green power).

You see, ever since Sep 2010, co. shares slowly but steadily going south. Inspite of 'sterling' 1st half results (now we know it is cooked up), shares  after a small  knee jerk, continued  their descent...  Clearly, that meant, we retail investors did not know something, the so called 'insiders' knew... It is simply cheating.. Now we all know after thier final result, that taste of the pudding is in the eating.  Complaint lah..Complaint to who?

One other thing I want to highlight.. Co. said, they paid tax totalling 5.2 mil for their income, (4.3mil  during 1st half  and 0.87mil in 2nd half.). they are now in a situation, lost money in business  and still paid tax. They are so sober that they may not be able to recover the tax already paid.. But supposedly, these type of business producing green energy, must have had tax holiday as their biggest incentives.

When a new CFO comes on board (if at all the co. is serious), he still have to clear all these mess and restore public confidence. I am not sure, why the previous CFO is still allowed to 'help' as a pte consultant to this co. I am sure, he will help his 'cause'.

Good luck to all who are vested and for would-be investors. There could be many cash    calls going forward to support the business and surely the share price will be rigged up and  Sure, they will cook it up again and whole cycle will begin.. Anyway, many of us in Sg. got already accustomed  and programmed to this type of treatments!!

medivh      ( Date: 29-May-2011 09:16) Posted:



What matters is not whether company will learn a good lesson .. but whether investors will learn their lesson, and from the recent sell down from 18- 20c all the way to 9c... that tells alot (" ,)

If you keep  putting your beliefs in these type of coy who just want to lure investors in, one day you will feel the bite and say " ouch" . By then it may be too late... (,"


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kenkenken
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29-May-2011 12:52     
 
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 Alert Admin 		hope is the only thing that give people strength to hold on to stocks which kill them in the long run


New123      ( Date: 28-May-2011 22:13) Posted:



Wow so many sifu here..Let's put the past behind. Hopefully the company will  learn a good lesson ( nobody is perfect) and put it right this time round for managing their manufacturing segment costs in good hand. With the Disposal Cash of S$4.5M and Cash on hand of RMB$48.5M hope  they can trun around the company in the first half of 2012.Good luck to those that has already vested!

mooo000      ( Date: 28-May-2011 20:18) Posted:



they explain it was an accounting error in the latest results reported (see below). :x it does reflect very badly on REA and question its ethics whether it was a genuine mistake or a way to lure investors in. :( but i think that if what they are saying is true, hopefully things can improve. since the change in specifications by 1 customer is only a one off event. and if they can improve the efficiency of their operations, their profit is likely to increase. startup cost for renewable energy may be large,  but it can provide a steady profit margin in the future. hopefully things work out.  :) still waiting for REA to bottom out before averaging down. wish all  gd luck! 

Note: The results for 1H have been restated due to the following:

(a) Raw materials delivered to a subcontractor were mistakenly recorded as a

sale and classified as revenue. The reclassification has no impact to the

profit or loss account.

(b) The terms of sales to a customer varies from the usual terms applicable to

other customers of the Group. In accordance to the term of these sales, the

customer is liable for payment only upon receipt of goods. The restatement

reduced 1H profit by RMB8.8 million. However, the sales were subsequently

recognised in 2H. There is no impact to the full year result for FY2011.
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sansgp
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29-May-2011 12:45     
 
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You are absolutely right. It is the co. that lured unsuspecting investors. You can see the pattern here. They raised money twice before their  Sep 2010 results! They got brokers such as kim Engs to write lucrative story about the co and rosy prospects (which in my belief are going happen in  future not only for this co. but for most co. in this type of business as most Govts. favor and incentivise producers of green power).

You see, ever since Sep 2010, co. shares slowly but steadily going south. Inspite of 'sterling' 1st half results (now we know it is cooked up), shares  after a small  knee jerk, continued  their descent...  Clearly, that meant, we retail investors did not know something, the so called 'insiders' knew... It is simply cheating.. Now we all know after thier final result, that taste of the pudding is in the eating.  Complaint lah..Complaint to who?

One other thing I want to highlight.. Co. said, they paid tax totalling 5.2 mil for their income, (4.3mil  during 1st half  and 0.87mil in 2nd half.). they are now in a situation, lost money in business  and still paid tax. They are so sober that they may not be able to recover the tax already paid.. But supposedly, these type of business producing green energy, must have had tax holiday as their biggest incentives.

When a new CFO comes on board (if at all the co. is serious), he still have to clear all these mess and restore public confidence. I am not sure, why the previous CFO is still allowed to 'help' as a pte consultant to this co. I am sure, he will help his 'cause'.

Good luck to all who are vested and for would-be investors. There could be many cash    calls going forward to support the business and surely the share price will be rigged up and  Sure, they will cook it up again and whole cycle will begin.. Anyway, many of us in Sg. got already accustomed  and programmed to this type of treatments!!

medivh      ( Date: 29-May-2011 09:16) Posted:



What matters is not whether company will learn a good lesson .. but whether investors will learn their lesson, and from the recent sell down from 18- 20c all the way to 9c... that tells alot (" ,)

If you keep  putting your beliefs in these type of coy who just want to lure investors in, one day you will feel the bite and say " ouch" . By then it may be too late... (," )

New123      ( Date: 28-May-2011 22:13) Posted:



Wow so many sifu here..Let's put the past behind. Hopefully the company will  learn a good lesson ( nobody is perfect) and put it right this time round for managing their manufacturing segment costs in good hand. With the Disposal Cash of S$4.5M and Cash on hand of RMB$48.5M hope  they can trun around the company in the first half of 2012.Good luck to those that has already vested
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tchoonw
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29-May-2011 09:50     
 
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Renewable energy stocks, funds on the rise
By Rachel Kelly | Posted: 26 May 2011 2244 hrs

  A wind farm in Zhangbei, north of Beijing in Hebei province (file pic)
 
Photos 1  of 1

A wind farm in Zhangbei, north of Beijing in Hebei province (file pic)
   
 
< />
  Video
Renewable energy stocks, funds on the rise


 

 

SINGAPORE: The sun has been shining on solar stocks, which gained around 40 per cent since May 2010.

According to a report by Ernst & Young, wind share prices too are beginning to pick up following a 20 per cent decline over the same period.

The global leader in tax and advisory said that diversification is key to growth in global renewable markets - and because of global events such as the rise in oil prices - focus is shifting to renewable alternatives in Japan, the Middle East and a number of developing economies.

Ernst & Young added however that China takes the top spot for its green plans, with a target of 11.3 per cent in primary energy generated by non-fossil fuels by 2015.

Some analysts said for investors looking to tap into growth in the renewable energy sector, funds may be the best way to go.

Wong Sui Jau, General Manager of Fundsupermart.com, said: " It's a very high risk type of area at this point of time. We don't know who's going to be the clear leaders or stand out winners in this particular area in the next 10 to 20 years. It could even be 20 years away. If you're trying to invest by going into a specific company, it's a huge amount of risk.

" No doubt if you go into Google when you're still a small company, you'll make a huge amount of money but how many people would have known about Google at that point, or chosen to put their money into? For every Google that becomes today's juggernaut, there're many by the sides that don't make it at all. So I think generally going through a fund is probably safer.

" The performances of the funds so far, depending on which we're talking about, have been on par with a lot of other equity funds. I think for investors who believe in this kind of themes, it's worthwhile considering but they need to adopt a much longer term view rather than be impatient and expect something is going to happen in the next one to two years."

Performance of climate change funds have been a bit of a mix bag.

For example, Schroders Climate Change fund was up about 10 per cent in the last year. DWS Clean Tech fund, and HSBC's HGIF climate change funds are mainly flat.

Mr Wong said: " I think in the end, the themes are long term. Actually the growths, especially emerging markets population and consumption affluence are such that they will force certain changes, just that one has to be patient. It's not going to happen in one to two years these things are going to take time to happen but I do think that they will. I guess investors in this theme need to be a lot more patient."

Ernst & Young added that there may be a temporary slowdown in investment activity as a result of declining levels of support for renewable energy in some markets, but that cost reductions in some technologies provides an improved picture for the future.

-CNA/ac

 

 

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medivh
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29-May-2011 09:16     
 
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What matters is not whether company will learn a good lesson .. but whether investors will learn their lesson, and from the recent sell down from 18- 20c all the way to 9c... that tells alot (" ,)

If you keep  putting your beliefs in these type of coy who just want to lure investors in, one day you will feel the bite and say " ouch" . By then it may be too late... (," )

New123      ( Date: 28-May-2011 22:13) Posted:



Wow so many sifu here..Let's put the past behind. Hopefully the company will  learn a good lesson ( nobody is perfect) and put it right this time round for managing their manufacturing segment costs in good hand. With the Disposal Cash of S$4.5M and Cash on hand of RMB$48.5M hope  they can trun around the company in the first half of 2012.Good luck to those that has already vested!

mooo000      ( Date: 28-May-2011 20:18) Posted:



they explain it was an accounting error in the latest results reported (see below). :x it does reflect very badly on REA and question its ethics whether it was a genuine mistake or a way to lure investors in. :( but i think that if what they are saying is true, hopefully things can improve. since the change in specifications by 1 customer is only a one off event. and if they can improve the efficiency of their operations, their profit is likely to increase. startup cost for renewable energy may be large,  but it can provide a steady profit margin in the future. hopefully things work out.  :) still waiting for REA to bottom out before averaging down. wish all  gd luck! 

Note: The results for 1H have been restated due to the following:

(a) Raw materials delivered to a subcontractor were mistakenly recorded as a

sale and classified as revenue. The reclassification has no impact to the

profit or loss account.

(b) The terms of sales to a customer varies from the usual terms applicable to

other customers of the Group. In accordance to the term of these sales, the

customer is liable for payment only upon receipt of goods. The restatement

reduced 1H profit by RMB8.8 million. However, the sales were subsequently

recognised in 2H. There is no impact to the full year result for FY2011.
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New123
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28-May-2011 22:13     
 
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Wow so many sifu here..Let's put the past behind. Hopefully the company will  learn a good lesson ( nobody is perfect) and put it right this time round for managing their manufacturing segment costs in good hand. With the Disposal Cash of S$4.5M and Cash on hand of RMB$48.5M hope  they can trun around the company in the first half of 2012.Good luck to those that has already vested!

mooo000      ( Date: 28-May-2011 20:18) Posted:



they explain it was an accounting error in the latest results reported (see below). :x it does reflect very badly on REA and question its ethics whether it was a genuine mistake or a way to lure investors in. :( but i think that if what they are saying is true, hopefully things can improve. since the change in specifications by 1 customer is only a one off event. and if they can improve the efficiency of their operations, their profit is likely to increase. startup cost for renewable energy may be large,  but it can provide a steady profit margin in the future. hopefully things work out.  :) still waiting for REA to bottom out before averaging down. wish all  gd luck! 

Note: The results for 1H have been restated due to the following:

(a) Raw materials delivered to a subcontractor were mistakenly recorded as a

sale and classified as revenue. The reclassification has no impact to the

profit or loss account.

(b) The terms of sales to a customer varies from the usual terms applicable to

other customers of the Group. In accordance to the term of these sales, the

customer is liable for payment only upon receipt of goods. The restatement

reduced 1H profit by RMB8.8 million. However, the sales were subsequently

recognised in 2H. There is no impact to the full year result for FY2011.

sansgp      ( Date: 28-May-2011 17:08) Posted:



Hi.. Something to ponder over. about the way they put together their account books..

On 13th Nov 2010, REA announced its half year result (ending sep 2010), it claimed a turnover of RMB 129 million with its RE business alone. and made a tidy profit from that business. Follow the links below:

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1772FBB44367A22A482577DA0025A674/$file/REAPressRelease.pdf?openelement

  Now, On 27th May 2011, REA announces its full year turn over (ending March 2011) from its RE business as RMB 129 million, same amount! Co. made a LOSS too... Does it mean Something ? They very well knew of the disposal of fastening business but they booked an impairment loss for this purpose also.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D2254A8CC8FB7A6D4825789D0036BDAB/$file/REA_New_Release.pdf?openelement

What are we to conclude from this? Management needs to make an explanation, especially with their old guards (from superior fastening) left or 'removed' from the present co.

NAV of REA group is RMB 0.2975 in march 2011 as compared to RMB 0.3941 in Sept 2010.

I will not be surprised if the share price moves up on monday but deeply concerned on the credibility of all these stuff.

I empathise with ourselves, the poor investors who believe all those SGX filings from Co. are authentic & make our investment decisions based on them.


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rotijai
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28-May-2011 21:13     
 
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because most of them thought they are warren buffet :P

can foresee tat these so-called 'undervalued' counters will chiong 10x of the current price..

tat's why they don wanna trade on other solid/safer stocks

warrenbegger      ( Date: 28-May-2011 19:42) Posted:



I keep warn and warn till i also lazy to warn anymore liao, just let those want to  jump into shit pool  go  bath in shit  la. Sgx so many counter why still want to risk on this shit, backside too itchy ah? Already big vol of sell off to tips off liao still many idiot go catch falling bomb. Those still inside pray hard hard liao, i wont come here to warm again. There's a saying, Dumb people got no cure. Unless REA really do something to gain trust value and improve it own fundamental a lots, if not chance of winning is only 20%, and chance of losing more is 80%+. Like that go casino better, bet on banker got 49.99% chance of winning. Wish those inside luck liao, bye bye...

warrenbegger      ( Date: 19-Apr-2011 19:27) Posted:



CFO just resign like that and company havent find a replacement!

That means? Why so urgent?  CFO is a very important role to a company audit too, something wrong?

Those S-cheat CFO, u know if u resign so sudden before a company announce result will cause investor nightmare?

Now S-cheat + company incorporated in bermuda + catalist + CFO resign = ??? I also dont know cause still didnt see any big vol sell away to tips off

Warning Avoid REA after audit clear.

 


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