 | Stock: [EAH]: EA HOLDINGS BERHAD Aug 1, 2014 10:08 AM | Report Abuse i was looking at the technical trending, it looks like it is going to bullish, then i bought at 0.30 ... all i have to do is be patient for another, say...8 month for the shares to go up when there is good news, then sell it... hmmm...to bad...the price immediately goes down when it bull for a moment... |
| Stock: [CSL]: CHINA STATIONERY LTD Jul 6, 2014 10:56 PM | Report Abuse game will not over yet.
those holding the stocks, you are probably holding onto a golden future.
the crashes in stocks due to the factory fire on April @china factory.
every things gone in the fire.
Company Name Date
Source
: China Stationery Limited : 4 July 2014
: The Sun Daily
China Stationery Expects Drop In FY14 Results Due To Fire
KUALA LUMPUR: China Stationery Ltd (CSL), which estimates a 30% to 40% drop in its turnover and profit for the current financial year ending Dec 31, 2014 (FY14), is working towards meeting the July 9 deadline for the issuance of its FY13 audited financial statements.
Its CFO Chin Siew Weng said its plant in Fujian, China, has been sealed by the authorities there since the fire on April 4 and the company has not been able to operate since then.
"It will affect our second quarter results. We estimate a 30% to 40% drop in our turnover and profit for the full-year FY14 results due to one quarter of non-operations. But we will still be profitable this year," he told reporters at a briefing yesterday.
He said its dividend payout is also likely to be lower this year. In its initial public offering prospectus, the company said it is looking at 20% dividend payout every year. However, Chin said it is not an official dividend policy.
CSL's current cash pile stands at RMB2.36 billion (RM1.2 billion).
The company, which was supposed to submit its audited financial statements for FY13 on April 30, was granted an extension of two months by Bursa Malaysia after the fire destroyed its financial records and company legal stamps.
However, on June 27, it received a letter from its auditors Messrs RT LLP stating that it needed more time, between three weeks and one month, to complete the audited financial statements as it still needed the police report from China authorities and insurance loss assessment.
CSL applied for a further extension of one month, up to July 31, but was rejected by Bursa Malaysia.
According to Chin, the application was rejected due to non-compliance with Bursa Malaysia regulations whereby the application must be submitted two weeks before the due date (June 30). He said the company was not aware of the regulation and only received the letter from its auditor on June 27.
"We talked to the auditor. We cannot wait for the police report anymore. We have to issue the audited accounts without the police report," he said.
He said the auditors have agreed to go ahead without the police report and the insurance loss assessment, and will insert a clause in the audited financial statements.
"We still try our best to talk to auditor to give us the report by July 8. But now it's not our call. It is up to the auditor," he said.
He said it is prepared to pay the suspension fine of about RM1,000 per day, per director or the company could make an appeal on the fine.
The company is expected to release its audited financial statements latest by July 31. Its first quarter results, which is also due on July 31, will be submitted on time.
This just might be another golden eggs...
But the trend is bearish...until... most likely 0.06 |
| Stock: [CSL]: CHINA STATIONERY LTD Jul 6, 2014 2:53 PM | Report Abuse they fail to submit the financial statement on time, then their stock lena freeze, what else, afterward, the director resign all position, sure die one...but there is still few inches playroom if you can manage... cheapest yet ever...at .075.. as the trending shows, it has yet to reach it bottom... the trending shows that it is about to go up... can say for sure.. but its my favourite list... |
