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481-500 of 1924
Why not Sgd. 0.10 then, it is better for you!
marubozu1688 ( Date: 07-Dec-2010 20:39) Posted:
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Nothing new on that whole world already know Ori Cent story long time liao lor...
Oriental Century said it has appointed joint liquidators to wind up the company, after shareholders passed the resolution at the EGM held last Thursday.
still cant get to fill my orders.. damnnnnnn.. hopefully 2molo will be good day
wow. 0.44 u can keep for long term already.....
no need to see anymore...
aircraft ( Date: 06-Dec-2010 10:49) Posted:
| Yup, it's a rough ride, my average price is 0.44...
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Ipunter, it is easier to read with blue print. tks
Re: Masterlim's post, I have changed the colours for better readability.
Is it correct? Hope I didn't colour wrongly...
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updates from elaine ang, director from IR:
Thank you for your feedback, it is well appreciated. Having joined REC a few months ago, I can assure you that since taking over, my department has been tracking these issues and proactively updating investors during our conversations on the Company. Unfortunately, given the ambit of compliance with the Exchange, it is premature to address most of these events through press releases. I append herewith my responses to your questions as follows. Please do not hesitate to contact me should you require further assistance.
(i) provide updates on the status on the universities's approval in the respective countries.
Raffles University Iskandar and Raffles Millennium University are in the final stages of approvals on the attainment of university license.
(ii) provide updates on the decline in students in china's colleges and what action plans management is doing to rectify and mitigate the existing risks.
The decline in students at China’s colleges is a structural one and overall China has seen a 10% decline in total student nos taking the Gaokao or the entrance exam. As such, our enrolment figures in China had been affected but China remains a key market for the Group, contributing 66% of our revenues. To address the structural headwind, the Group has been aggressively expanding outside China over the last two years to diversify our reliance on one market.
(iii) provide updates on the discussion with strategic investor for partnership since the last withdrawal of the previous investor. khazanah discussion is mentioned in the annual report. sharesholders are anxious to know what are the status of the discussion if there is any.
As we have briefed investors, the Group is not actively looking to replace AIF and there is no urgency as the Group remains fundamentally sound. The Khazanah transaction was completed in March 2010 and today, they hold 10% of OUC.
(iv) provide update on news of nasdaq listing of oriental university city which is previously discussed.
The listing of OUC is currently underway. I am not sure what you were previously told but it is not confirmed that its NASDAQ. The listing procedure takes time and will be announced in due course on confirmation.
(v) provide update on the strategic move into the india market which is on the management's plate currently.
Today, 8 colleges have been established in India and India enrolment has increased some 10% quarter over quarter. Most of the India colleges were opened only in July 2010 .
the company has a decent business models and its a shame that all the above issues are not addressed and communicated to the sharesholders, investors and the public at large in a timely and clear manner. please forward this to mr chew for his review on my humble opinions. we need to address these fast to regain public confidence.
Agree fully. I urge you to bear with us. We will do our best to recover the investor confidence in the Group asap
well. again... this type of stock good when recession come.... education is something people focus on during recession.... boom time.... too many jobs,,,,, who will take an additional degree....
smilingchuan ( Date: 06-Dec-2010 14:08) Posted:
| revenues are falling, margins are decreasing. Raffles education is on a 14th consecutive month of falling prices. today low is $0.25 per share. last time the share traded at this price was back in october 2005; 5 years ago.... tough call on this stock. it is still making $... think will continue to fall to $0.235. probably a good time to load some lots and wait for the company to rebound. |
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updates from elaine ang, director from IR:
Thank you for your feedback, it is well appreciated. Having joined REC a few months ago, I can assure you that since taking over, my department has been tracking these issues and proactively updating investors during our conversations on the Company. Unfortunately, given the ambit of compliance with the Exchange, it is premature to address most of these events through press releases. I append herewith my responses to your questions as follows. Please do not hesitate to contact me should you require further assistance.
(i) provide updates on the status on the universities's approval in the respective countries. Raffles University Iskandar and Raffles Millennium University are in the final stages of approvals on the attainment of university license.
(ii) provide updates on the decline in students in china's colleges and what action plans management is doing to rectify and mitigate the existing risks. The decline in students at China’s colleges is a structural one and overall China has seen a 10% decline in total student nos taking the Gaokao or the entrance exam. As such, our enrolment figures in China had been affected but China remains a key market for the Group, contributing 66% of our revenues. To address the structural headwind, the Group has been aggressively expanding outside China over the last two years to diversify our reliance on one market.
(iii) provide updates on the discussion with strategic investor for partnership since the last withdrawal of the previous investor. khazanah discussion is mentioned in the annual report. sharesholders are anxious to know what are the status of the discussion if there is any. As we have briefed investors, the Group is not actively looking to replace AIF and there is no urgency as the Group remains fundamentally sound. The Khazanah transaction was completed in March 2010 and today, they hold 10% of OUC.
(iv) provide update on news of nasdaq listing of oriental university city which is previously discussed. The listing of OUC is currently underway. I am not sure what you were previously told but it is not confirmed that its NASDAQ. The listing procedure takes time and will be announced in due course on confirmation.
(v) provide update on the strategic move into the india market which is on the management's plate currently. Today, 8 colleges have been established in India and India enrolment has increased some 10% quarter over quarter. Most of the India colleges were opened only in July 2010 .
the company has a decent business models and its a shame that all the above issues are not addressed and communicated to the sharesholders, investors and the public at large in a timely and clear manner. please forward this to mr chew for his review on my humble opinions. we need to address these fast to regain public confidence. Agree fully. I urge you to bear with us. We will do our best to recover the investor confidence in the Group asap
revenues are falling, margins are decreasing. Raffles education is on a 14th consecutive month of falling prices. today low is $0.25 per share. last time the share traded at this price was back in october 2005; 5 years ago.... tough call on this stock. it is still making $... think will continue to fall to $0.235. probably a good time to load some lots and wait for the company to rebound.
how much is yr paper loss in actual dollars in Raffles edu?
aircraft ( Date: 06-Dec-2010 10:49) Posted:
| Yup, it's a rough ride, my average price is 0.44...
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Any reasons for saying that ?
iPunter ( Date: 06-Dec-2010 10:54) Posted:
For those who have waited patiently 'for the market to come to them',
their wait may be paying off around this time...
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You have to compare the two different outfits' world-wide operations...
i waiting for it to join informatics....0.17
iPunter ( Date: 05-Dec-2010 13:43) Posted:
This stock has been falling and falling (ie. downtrending)
for some 14 months already.
From a high of around .66 till now at .25,
I have no doubt that many people would have
bought more and more as the price kept on dropped.
For them, it must have been a really harrowing and
depressing experience. This goes to show that no one
can tell what a stock is going to do next, no matter how
staunchly we 'defend' it with our hopes and faith.
In the stock market,
although faith can make one a lot of money,
it can also make one lose a lot of money.
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For those who have waited patiently 'for the market to come to them',
their wait may be paying off around this time...
Yup, it's a rough ride, my average price is 0.44...
the technicals are so clearcut & extremely bearish no amount of IR will help. No divergence of any sorts.Tomorrow it will be down again. 0.245
Prices are the final arbiterer of all sentiments.
It is best to sell & move to other stocks which are showing some uptrend like
Capitaland, CapitalMall Asia.
14 months downtrend is no joke. My sympathies for all those who don't do TA
The turnaround, or trend reversal time, will come eventually...
That is virtually a certainty.
But in the meantime, lets's hope for the best.
Some can hold, some like me will not hold for long.
It's all a mater of personal preference, though.
i am quite confident this counter will come back some days next year. if so do remember to what i have stated today.
yes there are lots of private colleges, but on careful observation, raffles edu has got its unique edge of its biz models. its networks are spread out internationally and has made contacts with all the local governments. it needs time to get its holdings in the foreign lands grow and be matured. stocks will get higher valuation when delisting occurs, refer to the past companies which undergoes delisting and the offer px is also a premium. but i doubt it will get delisted, almost 100% sure it will never get delisted. mr chew will not let that happen, unless there is a strategic investor who appreciates the ready networks internationally, inject funds and privatise it at a much much higher px.
anyway, i must admit this stock is a thorn in all investors' portfolio now and it is looking real bad. but given time, at least to next year, when all the events mentioned in my previous crystallized, it will catch market attention again.
will update if raffles edu IR revert. take good rest guys. tomorrow will be a busy day. stay there for this tough ride.
