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now singapore company also can kena suspended, puui....
well, the cheong to 10 cents is all because "in-line" with the chartered semicon rumours..
if not because of Temasek , chartered now easily drop below 10 cents.
well, still as for chartered, can bottom fishing at 17 cents, as this stupid rumours will come out again.... at least u know the backbone is temasek.. now jurong tech, only rumours said MapTech might buy some "toxic" assets.
I haven't been keeping track of this news.
How come JurTech so jia lat? Is this a gahmen related company?
If like what i have read and if it is true that this crises last another 2 to 3 years...all penny will be gone..
Dont buy penny, but high risk equal hig gain...
History has shown that penny penny stocks, especially the sub-10c ones, are penny for a reason. Therefore in times like this, it is safer to touch the blues perhaps.
Now, who's next???
If they cannot pay up, ocbc will proceed with the winding up petition, JT may also apply for Judical Management. Business sure cannot carry on, who will deliver the parts for their manufacturing ? Pay cash first then send parts. But where is the money ?
Then fire sale start, money from sale goes to :
a) OCBC and secured loan creditor and tax (garment always infront of the Q... heee) and yes... CPF contribution.
b) Then the unsecured loan, bond, something like that
c) Then workers pay and admin fee, auditor also smart, pay first then calculator will click.
d) Shareholder ......last...confirm last....
I think usually at a) already finish loh.....Bank are smart to precisely timed the recall.
^eddy^ ( Date: 29-Jan-2009 22:38) Posted:
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Business Times today claim another three banks want their money back. Its finito,game over!
^eddy^ ( Date: 29-Jan-2009 22:38) Posted:
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.... Gone with the wind...
so if jurong tech cannot pay ocbc on time ,then wat will happen huh?
wat will happen to the pple holding jurong tech shares huh?
Sad that things turn out this way....
Forget that Jurong Tech is a 400-500mil sales company. Kaput will benefit which CM. Maybe will benefit Beyonics,Venture or Flextronics. As the Jurong tech customers start to run...
Ya. Kaput. But alot electronic companies got similar high NTA. SMT machine, Tester, Production line, factory dunno worth how much if were to sell. 10% value or worth more. Too Highly Gear company in bad times very hard to survived when Bank started to take away umbrella..Lucky didnt get burnt.
Automatic Production line can cost up to million to built.. Sad to see them sell at 5% of the cost.
This counter is finished!!!Kaput!!
Book value is one aspect only. Debt has to be considered.
Hope they get liquidated. I am curious to find out whether the book value of 50cents is worth how much when they do fire-sale in the open market condition.. as alot of electronic companies are trading at 10% -20% of their NTA.. If got residual value behind i might buy electronics companies as they are really devalue to the core.
As a Factory which is own by Electronic Manufacturer is worth nothing based on stock price.. Dunno if they sell the factory is worth million or a dollar.. Ha Ha
Me too wanted go in at 0.035 but didn't, use the money to buy Sembmarine.
taybc1071 ( Date: 14-Jan-2009 12:58) Posted:
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Jurong Technologies Industrial Corp. (JTL SP): The
Singapore-based electronic products maker said it received demands for
the repayment of loans amounting to $73.4 million from three more
banks. Jurong Technologies declined 0.5 cent, or 17 percent, to 2.5
cents.
Lucky me, did not go in at 10 cents. Have to remind myself not to be greedy.
knightbridge ( Date: 14-Jan-2009 11:07) Posted:
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Lucky sold at 10cent during the surge..
Please dont use Jurong in their company name. Very disrespectful to fellow-Jurongans. Anyway it's now "Dead Company Walking".