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Guess profit has increased because of its business model. A small float and an easy target for takeover. Once he or they buy up enough, he or they are compelled to make a mandatory takeover offer for the remaining shares to privatise it. Ridiculous that it has underperformed despite being profitable .
Stagnated for more than 10 years and it has woken up from its slumber. Maybe a shrewd investor has been accumulating - any forum participant who knows, care to reveal. Please load up before the price runs away to the moon, with spare $, especially now that the interest rate on savings and fixed deposits is measly.
it just went up to 0.195.. this is very good deal.. load up before you left out..
SP Corp----3 mths ended Sep 2009Net Profit (S$M) $0.94 %Change 91.0
When will this healthy "orphan" find foster parents? It has been an "orphan" for the past ten years. Unfortunately, because the recovery of the share market has NOT been extensive, SP Corp (a share of yesteryears) has been an "abandoned" ( to rot?) orphan. Not enough food (cents or dollars?) to feed everyone in the market??
SP Corps is an "orphan" stock which is being "manipulated" by BBs of yesteryears(?). They must be "OLD" and are PATIENTLY sitting on a gold mine. Surprisingly, where have all the investors gone? None of them are selling - what is happening? Are all of them dead?
Oops!! Am I only the only "crusader" for SP Corp?. A very small free float of 48 million shares is in the hands of public investors. A total float of 302,531,070 shares is in the hands of 20 largest shareholders,of which 281463197 shares are in the hands of Tuan Sing . Has been profitable for many years. Worth picking up at the present low price and small volume in the sell queue!!
Tks the "manipulators" or retail investors for realising that SP Corp is worth investing in as its "parent", Tuan Sing's shares have moved north. Most investors have been holding tightly on to the shares for years (very few are selling) coz' SP Corp is indeed a promising company.
An "orphan" stock. Has awoken like its parent, Tuan Sing. BBs or syndicates trying to ramp up SP Corp through rotational play. Worth accumulating @ current low price - shd race north soon to 30cents and beyond (the star's the limit?)