Post Reply
341-349 of 349
no movement yet? its net asset value is one of the highest...
Perhaps this will help.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_997C8CC346DA94D4482572B200336EB5/$file/Announcement.pdf?openelement
thanks tiandi :D
hi enghwa9, i think shplayer is not on line now so i just asnwer your question here. Hope it helps.
the Stock Exchange of Singapore provide all companies informations.
go to website www.sgx.com
have fun.
Hi shplayer. I am new to investing, just like to know how you get the information as i am learning how to get information on companies.
I urge forumers to exercise extreme caution in this counter.
If you look at their balance sheet, they have an investment in subsidiary, Green Salt Group Ltd(GSGL), of $59.9 mil and loan of $6.9mil - total $66.8 mil. Although FL has >50% stake in GSGL, the directors have admitted that they have not been able to get GSGL to submit financial reports and they do not have any control over this subsidiary. They have also admitted that they are unable to ascertain if they will be able to recover part or any of this investment and loan. In short....they got 'screwed' (pardon the expression) by GSGL.
In the balance sheet (31 Dec 06), shareholders equity is $68.9 mil......but if we strip the investment and loan in GSGL, this will be 1.03 mil. i.e. NAV is 0.3 cts...i.e. almost worthless. Furthermore, in 2006, it lost $7 mil ....and will carry on losing in 2007 due to the legal battle to recover GSGL.
Please, do exercise extreme caution.......I cannot say this enough.
firstlink is cheap to hold until it rise to 20cents.
Technically, the short-term trending up. But there is some risk in investing for long term in the company still in Red profit. The Salt Mine is not that Hot as Rubber, Iron Ore or other commodities.
One good thing for this share price is it still trading below the NTA of 0.204.
Looking at the annual report, tis counter is on the right track. It has greatly reduce its debt and currently in various acquisition of companies. With recent momentum, I'm not surprise if tis counter breaks thru its resistance of 12 cents and head towards 14cents then 20 cents. Vested and will load up some more 