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wrong timing to announce results... price dropped despite increase in profits..
Results out.
Contel touched its historical low price today..
Wonder will it break its historical low tml..
Long time never cheong .....
Long overdue .....
Contel baby superb .....
Not just this one... It seems many, many counters are starting to come alive... 
Also cheonging liao .....
Thanks to all. I didnt see the other posting just now. I will be posting there if I were to need more advices next time.
Did not get this share at 18 but will be trying tomorrow. The price close at 18.5 today.
I tink like wat others said the Contel price is being suppressed by Advance Opp. Fund while they try to convert the notes into shares. Once it is complete we should see some action in the share price.
Hi all,
Here are some Facts from the "Shares Investment" Magazine
Contel:
NAV: 22.5cts (thus contel is now trading at 15% discount to book value)
PE: 3.4 Compared to the general buying guideline of PE 15. Contel is a very very undervalued company to invest
This is one of the few fundamentally strong hidden gems with positive cash flow and income....
Hi shinka, maybe u can refer to the thread Absolute Jewel in the contel forum for ideas y the share price isnt moving. It is widely speculated that Contel's share price is being pushed down by Advance Opportunities Fund so that the fund can convert the notes a very cheap price. So far they have already converted more than 100million new shares, another 5 more tranche of notes to go. Hold this counter for mid to long term. Short-term wise, its price is likely to be suppressed.
seems like you are going long-term for Contel? i m not into this counter so did not have much research into it...but if you really is going into it...then do your research well to see if it is worth...all the best Shinka!
Hi cyjjerry85, I am quite keen on this stock at current level of 18c as I believe that with this new contract with Polaroid and the older one with carrefour, the stock is bottoming out. I will queue at 18cents and hope that it will go up. A bit of upside is enough for me.
$7.8 million sure is a considerable amount for Contel. I seen their announcement and actually wanted to buy upon it...however at their current $0.18 share price...its far too low~! and that means the price jump will not be of any high range too...it can only inch forward bit by bit. That is my understanding....no huge gains for a penny penny stock like this.
Contel just announced that they got this deal. On May 21, they announded a US7.8M contract. These are good news, but the prices arent moving much. Can any shifus please advise? Thanks in advance :).