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Innotek fly yesterday. Can this be replicated to this brother? Very likely as it did last week with a quick gap up....
I would take the $$ and run. Unless the market knows something that I am not aware. Technically I don't know. I would put $$ in Sunningdale Tech I think are in the same industry????
Any idea if tomorrow it will still fly as high as today?
however, such standard procedure also have standard answers.
Ridiculous run-up. SGX query already but expected toothless bite.
Always wondering why info secrecy is so difficult.....
flying way high up manz...
why is it considered as outdated?
any view on this?
flying sia
nah... market sentiments are very low, so don't touch this outdated market darling. Not the right time.
seems to be very active today and is going strong, today closing at 0.15 is too cheap !! not even 30% of 2-yr ago:
02 August 2007 ($0.635) !!!!
The small run up last week is not warranty. The result out last friday was horrible. Not sure when biz would be better for this once market darling....
Thanks! I guess you are right. I just had a look at their latest annual report. although at 4.5cts, the P/E of 11 time seems way higher than similar companies.
singaporegal ( Date: 15-Mar-2009 21:39) Posted:
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Look at its volume chart. Some days zero trades!
If you go in, you may find it difficult to get out.
thaiguy ( Date: 14-Mar-2009 17:26) Posted:
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Is current price of 4.5cts a good time to go in?
Buy 15cts or lower......if not avoid for the time being
Losing big time over this one. Is it time to average down?
For the previous consecutive years innovalue has been giving 1 for 1 bonus but now with such bad results I think the sh price has bottom...last yr I bought 68lots at $1.18 and sold off at $0.76 after it went ex all( 1 for 1 bonus)..prior to ex all it hit $1.54 b4 settling at $1.45..the theoretical ex price is about $0.76 hence at 22cts unliklely to drop further
I am very disappointed with their financial announcement. Although their statement is better than "Barring any unforeseen circumstances, the Directors of the Company expect the Group to be profitable for FY2008" and we have some glimpse of their Malaysian operation restructure plan thru Kim Eng (their comments was posted here) but they should have elaborate more on it. I know their statement is better Their stock deserve a beating which means I also deserve a beating because I invested into this.
alfjas, the results just out at 4 am , second half year of 2007, 2H 2007, Net profit decreased 145.6 % !!!! Full year 2007 Net profit decreased 81.3% !!!! with only 2.5 millions earned in full year.
so sad.. with such a horrible results + DOW crash 143 points, it is not hard to see it will break 0.20 level, and head to 0.19...
not vested.
yeah, the price is dirt cheap, historically low.. if unionmet can jump more than 35% while their operation are in loss.. i think this counter can be one of "dead cat rebound".
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C5D971189372C7874825739B003B7D9B/$file/ProfitGuidanceFY07.pdf?openelement
with this profit guidance, i think the results released later today after trading will not be fantastic.
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