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Any comment for ABTERRA?
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thomas_low
Veteran |
16-Dec-2009 01:06
Yells: "Gong Xi Money Made" |
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Yes, all share holders, nothing much just get a new auditor. Worth noting the share price has dropped 25% since the last report and the revenue has dropped 55% due to over capacity of steel mill, so coal no buyer. Cost of sales also dropped 56%, it looks like the salesmen has gone on holiday? Anyway they cant sell so they cut cost. This guy loss its shine, if you are the director of Abterra reading this, go kick some ass and sell more rather than cut cost. Try new areas....
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henrykay
Member |
14-Dec-2009 16:28
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A77597B400E445D0482576820017218E/$file/EGM_231209.pdf?openelement Is this for all shareholder? cause my friend who holds Abterra said he received a letter for this notice but i did not receive anything . |
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Laulan
Master |
14-Dec-2009 14:43
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But you must understand that Teck Res (NYSE:TCK) has 5 operating mines in China. How many mines does Abterra has? I think Abterra is just only starting to go mining. Have to wait til operations begin, I suppose. | ||||
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ekekeg
Veteran |
14-Dec-2009 14:19
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O ya, I agree on management efficiency for a share to go up. Look at Teck Resources listed in the US. Was down to US$3.80 and with good manuovers by management, wah it is now up to US$35.60 per share. Well Teck nearly have troubles during the economic crisis, but with strong management knowing what to do, has done well to shareholders' joy. Hope one day, Abterra who is also mining in China, will learn from Teck Resources, and get CIC to put some money in it. When that happens, wow you can see Abterra prices shoots. Hahaha, just hoping and maybe dreaming that it happens. |
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Laulan
Master |
14-Dec-2009 08:16
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Management is very important to steer a company. Balance sheet can be strengthen as profits and good business are created along the way. Abterra share price is currently low because of the lack of faith in the management. Maybe it is not upto good standard. The board should examine itself and do some soul searching before the share price of Abterra can go beyond 10 cents. | ||||
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stevenk
Member |
13-Dec-2009 20:36
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hi , will not even think of buying them if i am not comfortable with the management.
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smartrader
Elite |
13-Dec-2009 20:20
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the business is in commodity is good..but need to understand more about the Management -- not very comfortable with all the moves made by the company ---- but if it goes down further, it may be a good entry price for short term trader... |
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stevenk
Member |
13-Dec-2009 18:45
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sorry, that is not how you determine whether this company have a healthy balance sheet. have you seen a balance sheet before. please search in the website to understand more. | ||||
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suidoken77
Member |
13-Dec-2009 12:06
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coal is still a affordable form of fuel, esp when econ pick up machines work harder and consumption will go up. | ||||
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stevenk
Member |
13-Dec-2009 01:30
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not sure how u determine that it has a healthy balance sheet. care to share? |
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suidoken77
Member |
12-Dec-2009 23:34
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i got it early this yr but they acq a mine in china. healthy bal sheet but this counter not moving at all. Even with the greenhouse thing. Coal is still a form of fuel for the industry and for day day ppl to use as warmer in winter. i forsee the demand for coal will go up esp, now is winter time. |
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ezy123
Member |
12-Dec-2009 17:06
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EPA Announcement and Coal Stocks extracts : "Commentary: On December 7, 2009, the Environmental Protection Agency made a long anticipated ruling stating that greenhouse gases threaten public health and that they should be regulated under the Clean Air act. This would mean the EPA could regulate those gases without the approval of Congress. This ruling could have an obvious impact on certain sectors including coal stocks and utilities. Rather than attempting to analyze the fallout or impact of this announcement to the relevant sector, as a technical trader I can simply look at a chart for evidence of what action investors are taking. Have a Great Day! By Joey Fundora Joey Fundora is an independent trader located in South Florida. Joey focuses on using technical analysis techniques to uncover supply and demand imbalances in equities. To see more of his work, visit his site on Stock Chart Analysis." Link page : http://bestpennys.com/Blog.cfm?ID=397 Global Penny Stock Tips : www.stockkit.info Hi guys if you into investing in coal, you might want to look at this charts for your ref. regards ezy Disclaimer…The subject matters expressed above is based purely on technical analysis and personal opinions of the writer. it is not a solicitation to buy or sell. |
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henrykay
Member |
10-Dec-2009 19:19
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0.07 was high, when did you get it? i same as zelphon got it @ 0.055 but i'm holding 200 lots . haha waiting for it to go back up ^^
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Zelphon
Senior |
10-Dec-2009 18:57
Yells: "Hauttttttttt AHhhhhhhh !!!" |
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0.07 !!! So high ah !??! How many lots u holding?? Me heng ah.. only committed 50 lots @ 0.055... Keep it in freezer liaooo
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suidoken77
Member |
10-Dec-2009 16:55
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with a new auditor will it better share price to rise? I vested at 0.07 since then alway hover @0.04 | ||||
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ekekeg
Veteran |
10-Dec-2009 13:25
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It was quite clear that a change of auditors has been necessary due to the old ones resigning. Probably couldn't satisfy management in some areas arising from the business expansion of the company which requires more progressiveness in the light of new business perspectives. My thoughts only, based on a logical conclusion of events.
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xingge
Member |
10-Dec-2009 11:08
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That's the official statement. But what is the "real" reason?  One scenario my wild imagination is playing is: the current auditor too strict, must find more lenient one. 
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erictkw
Veteran |
10-Dec-2009 10:39
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In their notice of EGM, it stated, the specific reason for the proposed change of auditors is due to the expansion of the Company and its subsidiaries and its corresponding audit requirements. 
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xingge
Member |
10-Dec-2009 09:52
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Any idea why Abterra wants to change auditors? |
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abc2xyz
Senior |
03-Dec-2009 08:59
Yells: "A stock sucker always enriches the market makers" |
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Since they have the equipment, drills, trucks and tools they can mine for emeralds too. Emeralds and rubies can also make them rich. But they must go to certain part of Africa where I know mining is flourishing. If they are interested, I could even help them by providing the various parties, if I am vested. | ||||
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