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Lets give some time for rubbish counters

Putting loss making companies on the watch list is just a warning to them that they must buck up their socks.  Believe many couldn't be bothered CEOs are indifferent to passive wornings.  I also understand that even a delisted company on the ground of consecutive years of losses can make a comeback IPO after they do some renovations to their business.  Beautifying the superficial aspects but not the structural aspects will again result in failure.

Many SGX IPOs fell in prices against their issued price at the first few days of trading which reflect on the difference of opinions between the exchange authorities and the market view which does not bode well investment-wise, and this surely gives rise to suspicion of "wrong doing" somewhere or somehow.  Investors desire a sense of credibility in our system and I feel if this sort of situations prevailing will hurt our long term prospects for attracting investments from global retailers.  We need a strong market and a impeachable reputation.  Cheers.

cheerfully      ( Date: 03-Mar-2010 09:38) Posted: From CNA website... SINGAPORE: Six companies have been added to the SGX watch-list for failing to meet criteria for continued listing on the stock exchange. They have 24 months to meet requirements or face delisting, and will be reviewed quarterly by the SGX. Creative Master Bermuda, AEM Holdings, Sinobest Technology, Lankom Electronics, JEL Corporations Holdings and Plastoform Holdings, were added to the list on Tuesday. Upon review, six companies previously on the watch list have also been served delisting notices for failing to meet listing requirements. They are ASA Group Holdings, Chinasing Investment, Chuan Soon Huat Industrial Group, Fastech Synergy, General Magnetics and Ionics EMS. To make an exit from the "Watch-List", the companies must either report a pre-tax profit, or have a minimum market capitalisation of S$40 million. hotokee      ( Date: 03-Mar-2010 08:55) Posted: Hey, I aint no fortuneteller when talking about some counters going to the trash can, or rubbish bin. It is just a coincidence that yesterday SGX really throw 5 or 6 counters out (delisted). I missed out their names. Which companies are these? This kind of "cleaning up" (delisting), you think good for the market and for those who held the shares? Will it drive them to suicide or crime if they lose everything? Cheers.

 

From CNA website...

SINGAPORE: Six companies have been added to the SGX watch-list for failing to meet criteria for continued listing on the stock exchange.

They have 24 months to meet requirements or face delisting, and will be reviewed quarterly by the SGX.

Creative Master Bermuda, AEM Holdings, Sinobest Technology, Lankom Electronics, JEL Corporations Holdings and Plastoform Holdings, were added to the list on Tuesday.

Upon review, six companies previously on the watch list have also been served delisting notices for failing to meet listing requirements.

They are ASA Group Holdings, Chinasing Investment, Chuan Soon Huat Industrial Group, Fastech Synergy, General Magnetics and Ionics EMS.

To make an exit from the "Watch-List", the companies must either report a pre-tax profit, or have a minimum market capitalisation of S$40 million.

hotokee      ( Date: 03-Mar-2010 08:55) Posted: Hey, I aint no fortuneteller when talking about some counters going to the trash can, or rubbish bin. It is just a coincidence that yesterday SGX really throw 5 or 6 counters out (delisted). I missed out their names. Which companies are these? This kind of "cleaning up" (delisting), you think good for the market and for those who held the shares? Will it drive them to suicide or crime if they lose everything? Cheers.

 

genting...haha

hotokee      ( Date: 03-Mar-2010 08:55) Posted: Hey, I aint no fortuneteller when talking about some counters going to the trash can, or rubbish bin. It is just a coincidence that yesterday SGX really throw 5 or 6 counters out (delisted). I missed out their names. Which companies are these? This kind of "cleaning up" (delisting), you think good for the market and for those who held the shares? Will it drive them to suicide or crime if they lose everything? Cheers.

 

Hey, I aint no fortuneteller when talking about some counters going to the trash can, or rubbish bin. It is just a coincidence that yesterday SGX really throw 5 or 6 counters out (delisted). I missed out their names. Which companies are these? This kind of "cleaning up" (delisting), you think good for the market and for those who held the shares? Will it drive them to suicide or crime if they lose everything? Cheers.

 

I am still holding SunMoon in my CPF account. I wonder should I hold or let go ?

Hulumas      ( Date: 02-Mar-2010 10:17) Posted: Just checked, all with negative NAV please cut loss without hesitation, the price eventually will be dumpted by market to Sgd. 0.005 or delisted whichever ealier! hotokee      ( Date: 02-Mar-2010 09:46) Posted: Yes, lets obliged SGX by giving some time to study some rubbish counters since SGX is so dull. Can anyone predict which one of the following counters will end up in the trash can? 1. Jade 2. Advsys 3. Sunmoon 4. Carriernet, 5 to 50, etc, etc Or is there still hope?  Well should they die, the only consolation will be SGX will be determined to put in some rubbish IPOs.  Please give your best shot.  So dull. Haha.

 

"clap clap" good one..... :)

KiLrOy      ( Date: 02-Mar-2010 22:07) Posted: The must have lotsa bad speculators...

 

The must have lotsa bad speculators...

 

Absolutely agree......there is no such thing as good or bad stocks.....as long u can many $$$ it is good

 

 

For those who play "rubbish" stocks, it is not always a loss. Sometimes they could hit the jackpot.  A classic example was Jade who made some people millionaires when it rose from $0.005 to $0.30.  Of course for those who after making this money did not take profit like a certified fool, they would have gone back to "poverty".

The market has a list of very fragile stocks which sometimes could turn to gems.  But the risk is big and it is like "tikam tikam" unless you have good info or knowledge about the counters and their business potentials.


Ya, someone mentioned SUNMOON.  This is very potential to pay back your investment very soon (maybe a year or two or three, who knows?).   I believe so because of their new nature of business and the profitability of it.  This one is a "Potential" millionaire maker, but there is also risks if the unforeseen happen

Cheers.

 

sunmoon posted profits lei not much but still not losing haha so that should be goodnews for them right??

 

Just checked, all with negative NAV please cut loss without hesitation, the price eventually will be dumpted by market to Sgd. 0.005 or delisted whichever ealier!

hotokee      ( Date: 02-Mar-2010 09:46) Posted: Yes, lets obliged SGX by giving some time to study some rubbish counters since SGX is so dull. Can anyone predict which one of the following counters will end up in the trash can? 1. Jade 2. Advsys 3. Sunmoon 4. Carriernet, 5 to 50, etc, etc Or is there still hope?  Well should they die, the only consolation will be SGX will be determined to put in some rubbish IPOs.  Please give your best shot.  So dull. Haha.

 

Yes, lets obliged SGX by giving some time to study some rubbish counters since SGX is so dull.

Can anyone predict which one of the following counters will end up in the trash can?

1. Jade

2. Advsys

3. Sunmoon

4. Carriernet,

5 to 50, etc, etc

Or is there still hope?  Well should they die, the only consolation will be SGX will be determined to put in some rubbish IPOs. 

Please give your best shot.  So dull.

Haha.