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I start to love this counter when I saw two profit reports. But I can't scare people to sell me lower. How to buy cheapest?
Could be right..... second stage of fund sourcing corporate action by Sunmoon perhaps. Just wild guess.
ROI25per ( Date: 02-Mar-2010 14:22) Posted:
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O yes, it can happen. This is a big concern with more than 1000 workers I was told and operations spanning many parts of the world. Using it as a path to the market is a good idea and shareholders will definitely bless the ones who takes it.
tonylim ( Date: 02-Mar-2010 14:47) Posted:
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I ever saw a moon in the day time... this is not a joke !!
Sun & Moon cannot meet eye to eye. No wonder it stays stagnant for so long. Anyway, joke aside... it was rumoured quite some time already that a company is interested to acquire SunMoon as a means to get into public listing (short cut).
hotokee ( Date: 02-Mar-2010 14:40) Posted:
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Hahahaha, all conjectures. Seriously the share price can never be foretold what it could be. In the market, $1 share can be played down to half a cent for any darn excuse and conversely a functional zero asset share can be played up to above a dollar or ten for any darn reason too. We need good MFT to tell us the direction!! Cheers.
Their CEO doesn't look like he loves to do such thing as shooting his own foot. You didn't mention that smart CEOs can also give cash back and cancel shares or alternatively consilidate with a dividend payout or smarter still cancel a share with a cash reward. Haha, something new and out of the square box. Cheers.
ROI25per ( Date: 02-Mar-2010 14:22) Posted:
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dun forget it can do a 10:1 share consolidation and drop from 5 to 0.5c again
My binoculars tell me, no further room to drop as company begins to move up the profit ladder commencing now. Better than a positive assetted company that can't make one cent at all. High recovery chances for longtimers and loyalists who suffered much in the past. My best wish to you and think it will come true.
Hulumas ( Date: 02-Mar-2010 14:12) Posted:
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Negative NAV, just avoid!
knightrider ( Date: 02-Mar-2010 11:25) Posted:
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This one waste of time - share too much paper - diluted ! No concrete core and transformation in business, by cutting cost only cannot substain, unless really got new business ! Buy hartawan instead, news is surfacing. Good Luck.
| SunMoon Food Group achieves first profit of $6.4m in last 6 years |
| Written by The Edge |
| Monday, 01 March 2010 21:23 |
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SunMoon Food Company has achieved a profit after tax of $6.4 million for FY09 (1st January 2009 till 31st December 2009), translating to basic earnings per share of 0.082 cents or 0.076 cents on a fully diluted basis. Significantly improved gross margins, lower operational expenses and disposal gains contributed to this strong result, which is an improvement from the $49.8 million loss for FY08 (18 months – 1st July 2007 to 31st December 2008). EBITDA for FY09 was $10.473 million, compared to a negative EBITDA of $35.462 million for FY08. Similarly, gross profit for FY09 was $5.641 million compared to negative $13.149 million for FY08. The significant improvement in gross profit was attributed to business rationalization, better control over raw material procurement, and inventory optimisation. Gary Loh, Executive Deputy Chairman of SunMoon and Executive Chairman of First Alverstone Partners which has been the activist lead investor in SunMoon since 2007, says: “SunMoon has streamlined its business and operational model, divested non-core biological and industrial assets, renewed its management team, forged strategic market alliances, implemented cost cutting measures, and has emerged stronger.” |
We need at least 50 million shares thrown out before it can move up. Big boys are always big hearted, u know...
Another 500 lots, good. Carry on doing it.
Good for you who threw 500 lots. Keep on going..as it keeps the market in action. No seller sure no movements. But you sold half cent, sayang. But they who else wants to go to "tee yee"..obviously nobody. Thus "wo bu lu ti yi, shui lu ti yi" is a good question and answer. Cheers.
I don't know why they still waiting and queuing to sell at 1 ct. Throw lah, else when co bankrupt you get nothing you know? But of course, don't regret when the shares go up to 3 cents if it continues to turn around. Suggest you throw at 0.5 cent now, after all that is the lowest possible. If it wants to move up later, you can always use a stop limit. Hehe.
Anyone got their management photo? I'm curious how they look like ?
This is a terrible stock which ought to be delisted. Negative equity, debts and massive loss-making. Whatever profits they have earned this 2 quarters are due to one-off disposal of assets.
Very soon a bankrupt coy.
Raw garlic price increase about 100%...
If you look around for their products in the supermarket, and their newer retail business, one can see this is a gem. Furthermore their core dehydrated garlic business should pick up from now, with the recent korean tv documentary coverage on garlic research on the health benefits of garlic, which is said to give well being, increase longevity of a person and warding off illness, there is no question the company will flourish. I will collect at the lowest price now. If cannot get, I will then go for 1 ct soon.