QUOTE(jungjung123 @ Nov 17 2009, 04:24 PM)
I think ppl who think this stock is undervalue should go back to read more Warren Buffet/Graham. The NAV is @ 72 sen now with loss per share at 20 sen (9 months), PE is negative, how the hell is this undervalue? Don't let me mentioned the negative cash flow from purchase of base stations, stagnant subscriber growth, 3 cash calls in 1 year (printing money), misleading management giving misleading numbers, etc.
If this continue, they would most probably go bankrupt soon, or else they have to keep printing money (what they are doing now). Let's hope for the best.
BTW, I'm an FA, it is undervalue when it hit below 70 sens during right issues period. I managed to grab lots of share at that prices and subscribed to their rights @ 50 sen with all those free warrants. I sold them all when it becomes overvalued few weeks ago. The price is about to correct itself now. The right price should be about 80 sen now.
If this continue, they would most probably go bankrupt soon, or else they have to keep printing money (what they are doing now). Let's hope for the best.
BTW, I'm an FA, it is undervalue when it hit below 70 sens during right issues period. I managed to grab lots of share at that prices and subscribed to their rights @ 50 sen with all those free warrants. I sold them all when it becomes overvalued few weeks ago. The price is about to correct itself now. The right price should be about 80 sen now.
well, everyone entitle to their own view, as each of us in different stage of learning & experience
its good to see all sharing, so dun feel offended ya, for anyone out there reading & having different conclusion
keep an open mind
Nov 17 2009, 04:36 PM

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