China Paper   

A REAL GEM

Those whose want to cut loss...once market open ... pls throw

muddypie      ( Date: 05-Jan-2013 19:40) Posted: Very lag :D when most of s chip start feeling optimistic , they issue guidance report, very seldom see profit guidance for this company one, previously fire, then profit guidance, then???

 

Very lag :D when most of s chip start feeling optimistic , they issue guidance report, very seldom see profit guidance for this company one, previously fire, then profit guidance, then???

 

Last Friday finishing on strong note...Huat huat...argh.

China Paper       Last done: 0.041c   Volume: 31,737,000 mil shr changed hands   +0.0030 

teeth53      ( Date: 29-Dec-2012 18:40) Posted: China Paper       Last:0.036     Volume changed hands: 6,157,000 million shr   +0.0010 It seem players still like to play on S-chip...

 

This paper horse is galloping very strong n fast...into ++4c liao

teeth53      ( Date: 29-Dec-2012 18:40) Posted: China Paper       Last:0.036     Volume changed hands: 6,157,000 million shr   +0.0010 It seem players still like to play on S-chip...

 

China Paper       Last:0.036     Volume changed hands: 6,157,000 million shr   +0.0010

It seem players still like to play on S-chip...

 

From the profile of board of director, people like Chen Yong would not risk his reputation with faking of accounting records. It would destroy his credibility over night and across china and industry.
But the the sucking performance also make Chen Yong look bad ... especially when he too bought a lot of shares from the open market.

HOWEVER i think SGX should investigate if there are huge short positions on this counter. Various times the stock was on the beginning of rising trend and then abruptly stopped with rights...and this incident.
SGX should investigate if any insiders are in cahoot as it too obvious that whoever involved does not want the price to move up.

The most likely cause was that the short position is huge and someone has a damm huge risk when price move up.

** for the poor investors we can only hope for there is a white knight that can do a independent and secret investigation to see if the company is solid. Then push the price up and get the F*** short buggers to cover till their pants drop.... then move to across the rest of the counters. This will give good whack out of the BAS*rD* who use IPO and then go private as cheapo peanuts and recreate confident.
Something may happen very very soon.


If at this rate, retailers and investors are all out.... soon there wil not nothing left for everyone as no one dares to go into the stocks.

 

Look at the Risk first before Reward, as some had advised.

 

Why explicitly only burn the accounting records and not the factory inventory? Timing couldn't have been better considering that it is 2 weeks prior to year end closing.

Being in the line of audit we are very wary of such cases. 

 

Something suspicious here - seems like CP is hiding something from the public investors. SGX is still sleeping & failing to query them.

Dec 13 - fire broke out, took 1 hr to burnt the accounting records.

Dec 14 - trading halted only at 12noon but should hv been earlier from 8.30am

Dec 17 - news made public after 5pm after 4 days lapse.

Dec 17 - lifting of trading halt announced after 5pm

Dec 18 - repeat trading halt at 8.30am again.

 

stay away. why take such risk?

 

financial controller resign 27 nov, 13 dec fire outbreak???... if my house on fire on 13 dec, I will inform my family member (my shareholder)   immediately on that day...anyway very little debts, as long bank money is right (not much differnet from last financial statement inclusive of right issue money), no need sell share lah because price very cheap...dont worry lah, wont delist hahaha :D

 

Believe It Or Not! Fire destroyed accounting records, need 4 to 6 mths to reconstruct accounts. i.e. FY2012 audit cannot be done, AGM cannot be held on time.

Question is this. Was it caused by elect short-circuit (as reported) or something could it be arson or intentional destruction of document? So mysterious that only Muddy Waters can investigate.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_271749B640E22AEB48257AD700143BAA/$file/CP-FireOutbreakAtOfficePremises_17Dec12.pdf?openelement

 

 

Avoid.

 

Last mth reported - profit. Halted n asking for more $?, or something else??. Announcing some kind of JV or what?. Think Monday B4 trading start - will browse sgx again.

MISCELLANEOUS :: CHINA PAPER reports 3Q2012  net  profit  of RMB14.1 Million  and 9M2012  net profit of RMB51.8  million despite slowdown of  PRC economy

 

CP halted... still no announcement yet today (Sat). Isit fund raising again..???.

China Paper

M

H

Op-0.044

Done-0.044c

+0.001c

+2.3%

Vol-43,641,000

2,100,000

0.045

0.045

718,000

Hi-0.048

Lo-0.042

 

teeth53      ( Date: 02-Apr-2012 20:57) Posted: Each block cost a mininum of S$180k and at 0.036 cts, two (2) blocks mean S$360k and so on... This way finance Institution or BBs  vesting in, can maintain vested interest. Funded n  rewarded  as and when and even owner can place out  at a higher price...right. Let say at a 15% discount to it last three traded day.