Post by zuolun on Jul 5, 2015 8:39:22 GMT 7
Share consolidation is a brilliant way to solve SGX's long term problem — Get rid of underperformed stocks, at the expense of small retail investors
Neither FA nor TA can help you make a good profit from this rotten stock, TT Int.
If you buy 400,000 TT Int shares at the last closing price on 3 July 2015 @ S$0.071 = S$28,400 now;
should the company propose a share consolidation of 400 into 1 similar to S i2i; the potential loss is unimaginative = daylight robbery.
TT Int is one of the best candidates for share consolidation.
TT Int's Market Cap. @ S$72. 797m as at 30 Jun 2015
Insider Trades showed that major SSHs, Sng Sze Hiang & Tong Jia Pi Julia have been actively trading its own shares since mid-Mar 2015.
TT Int's Shareholdings as at 30 Jun 2014
A) Double Bottom works for TT International.
B) The latest price actions of TT International meet the perfect ration of an IDEAL Bullish AB=CD Pattern.
C) After the completion of such pattern, price suppose to trend up. However, Bro Zuolun, have you ever seen a failed or false break out of such pattern after it has emerged and completed then price continue to go down?
A) Double Bottom
I feel sorry for my best friend who still have very large holding of this stock at very high cost.
I could not advise him earlier last year because I have not joined Pertama and I knew nothing about TA then.
What is the next TP from TA?
This stock has very bad FA but there were invincible hands keeping the stocks alive in the last 2 years. It has been losing money for many years and owes tons of money. I just can not understand why it was still traded at around 0.15 to 0.17 last year when the net value of the asset is a big-negative.
What keeping the Retail Investor hopeful was the opening of BigBox. But one day (point B on chart) before BigBox start for business, on the 29th Dec 2014, Chng-kay run road and a double-Top formed and the price fall off the cliff.
I see more trouble: Julia and Tong has been accepting and never ever rejecting buying back stocks from scheme creditors until 20 March 2015.
The Director has on 19 March 2015 rejected the 235,480 shares offered to her and her spouse by certain scheme creditors