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Contel Corp
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teeth53
Supreme |
09-Apr-2013 08:13
Yells: "don't learn through life, learn to grow with life " |
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News on Contel - Auditors flag issues at....mentioned firm may not be able to continue as going concerns., incurred a net lost and that its assets liabilities exceeded its current assets by U.S.$1.1 million. | ||||
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iPunter
Supreme |
09-Apr-2013 08:13
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The biggest problem is that people like to encourage others to buy or sell. That is a very bad thing to do, no matter 100% or more confident. If one is so sure, the best thing to do is to " mau" (bet heavily) yourself. Then when you need to jump down, you can also do it yourself too. But for heaven's sake, do not encourage others to buy or sell,   (unless you can take responsibilty for it). |
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terencee
Master |
09-Apr-2013 07:36
Yells: "I don't entertain trolls." |
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cos you all dun believe contel will go up. If you guys entered that day, T+5 also haven't up. Wait and see lo..    Nv ask you buy. Just ask you to wait and see. 
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student
Veteran |
09-Apr-2013 05:56
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It is good to know that having degrees itself is not good enough to make money in stocks. Professionals and ordinary people both lose a lot of money on stocks (and have died). Stocks is all about human nature, regardless of intellectual achievement.
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Ryuuenji
Member |
09-Apr-2013 02:16
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I really love that statement... washing away your sin... just love bamboo blowing statements from this guy " Those who didn't enter, you guys should have entered during sell down just now at 83-86. That's a good price. My previous batch also trade around that range and sold in mid 90s"
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Huatahearnmoney
Senior |
08-Apr-2013 23:49
Yells: "Rich is ruthless, share the wealth ,share your insider news!" |
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If contel buang, i confirm high flyer. Fly out of a high building hahahha.
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theyoungone
Member |
08-Apr-2013 23:41
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High flyer!!!!  | ||||
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Huatahearnmoney
Senior |
08-Apr-2013 23:25
Yells: "Rich is ruthless, share the wealth ,share your insider news!" |
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Im 23 this yr la. I saved thru out the years and i am working now. Got a degree blabkabla.
So yeah lor. This is it. I never rob or steal lol. But i dont mind earning $ from sgx wahahha.
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theyoungone
Member |
08-Apr-2013 23:13
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Where did you get the money from? How old are you? I'm 20 btw... | ||||
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Huatahearnmoney
Senior |
08-Apr-2013 22:49
Yells: "Rich is ruthless, share the wealth ,share your insider news!" |
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lose money wont blame la... you just see headline. Young boy jump off buliding because of contel corp. Lololol, heavily into contel and We hldg. one die, all die. I die. *TOoooooo hao lian, told my family not to bail me out * =/   LOLOLOLOL, but things are clearer and making sense now. we should all sleep and get ready for a UP or DOWN day.  |
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terencee
Master |
08-Apr-2013 22:45
Yells: "I don't entertain trolls." |
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We all discuss here nia hor. Nv ask anyone to buy. Don't anyhow buy ah.. Later lose money don't blame us.  | ||||
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terencee
Master |
08-Apr-2013 22:34
Yells: "I don't entertain trolls." |
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That is correct. Auditors are there to double cfm everything. Since there's no major discrepancies, that is a good news already. Cos Yuuzoo should have already expected this results when they were in the initial stage of RTO already.      March 1, results came out. Then everyone is selling and caused the counter to dip + UOBKH curb made it go down even more.  March 20, Contel start to go up again. This means whatever bad news earlier regarding the FY report is already factored in.   This is what I see. My point of view only. Just wanna be clear to everyone before I get shot again.  
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srichipan
Master |
08-Apr-2013 22:12
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As in yuzoo would have gone thru their financial statement like crazy before deciding. They no need wait for auditors. So auditors is just to fulfill regulatory requirement. Beside there's no really major discrepancies  for yuzoo to call of a deal now.
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terencee
Master |
08-Apr-2013 22:07
Yells: "I don't entertain trolls." |
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If I run a company, I would find a good foundation company to take over and get listed. But I don't wanna spend too much money taking over someone. So I'll pick one that is not doing that well every year and is in the same industry. Contel happens to fall into the category.
Firstly I won't spend too much and both company have operations that can compliment each other. Secondly, I already know their books. Just need the books to get audited so that future loans approval would be a lot easier. That is for future project fundings.
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srichipan
Master |
08-Apr-2013 22:05
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what TCW deal? Yah. and its good now that financial position have improved from what was reported 
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iluvboost
Master |
08-Apr-2013 22:03
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u can know the company surface during discussion and meetings. u dont know the inside out. auditors go in to check the accounts for discrepancies. 
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terencee
Master |
08-Apr-2013 22:03
Yells: "I don't entertain trolls." |
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Not to forget previous TCW's deal. There will be funds injections by him when deal goes through.
Besides the finance report already out in 1st march. So that would have already factored into the price by now. Most importantly, Yuuzoo wants to get listed. Contel wants to stay alive. Both knows what each other wants and both won't wanna waste time. Deal is sealed long ago too. That's why I say the RTO deal is still well from what I see. Many people see different things. Just do what you all feel comfortable. I'm not comfortable with my contra positions' entry above the trading price. Haha.. So can we see something tml? Lol... |
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srichipan
Master |
08-Apr-2013 22:00
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?? auditing is for regulatory requirement whatt. they would have known the company inside out during the discussion/meetings.   no need wait for auditors.
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iluvboost
Master |
08-Apr-2013 21:57
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yeah auditing shows the true colors, thus both parties can reconsider.
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srichipan
Master |
08-Apr-2013 21:57
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Anyway the news announcement is damn weird. I keep wondering why the auditor would insert such comments when it is quite obvious a deal is already on the card. It make it sounds like he is really ignorant. But ignoring the RTO, his comments really put the company in a really bad light. Although the second announcement is kinda positive as it increases the company profit and  assets  value  |
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