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Coming Back !!
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fruitfulness
Veteran |
22-Aug-2015 16:38
Yells: "May the Lord God establish the works of my hands!" |
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Painting such a poor picture of its clientele - that many of his (long-time) business partners cannot (or are unwilling to) pay, that the number of Yeli specialty stores and distribution network stores reduced by half - simply signalled CSI could not turnaround anymore this year on its own. It will be good if Osim desires to incorporate sports shoes/casual footwear as a complimentary business involving massage technology to come in on a bigger role! This will create a new investment story! |
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LimKoPi
Member |
22-Aug-2015 03:09
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Dont like the Half yearly results. revenue for the 2Q 2015 is 25% of 2Q2014. revenue for half year of 2015 is 40% of 2014 Quote frome the report " Due to the poor market economic outlook and weak response to our YELI breathable shoes................. Distribution network decreased by approximately 51% ~ 1365 to 675 from June 2014 to June 2015 Specialty stores decreased 52 % ~250 to 120 over the same period. I had cut my lost.
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outlook
Senior |
21-Aug-2015 21:03
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It will be great if Osim will increase its stake on china Sport.
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explosive2013
Master |
21-Aug-2015 20:14
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I hope osim will join in to buy another 10% chinasport share next week. | ||||||||
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outlook
Senior |
21-Aug-2015 16:19
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Slowly climbing up. Touched 0.013. Hopely by next week will go up to 0.02 level
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outlook
Senior |
21-Aug-2015 15:12
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I think ChinaSports has probably bottomed at 0.10. I think of accumulating at this level
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lglg666
Supreme |
21-Aug-2015 14:16
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Power....still good. | ||||||||
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lglg666
Supreme |
21-Aug-2015 09:51
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Looking strong this morning....good to see. | ||||||||
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lglg666
Supreme |
20-Aug-2015 16:19
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Only at 0.001 is the bottom
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uchihaclan
Veteran |
20-Aug-2015 15:31
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OF COS NOT BOTTOM YET
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bishalnb
Master |
20-Aug-2015 15:18
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.01c is this the bottom yet |
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lglg666
Supreme |
18-Aug-2015 13:44
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Bought last week at 2.4c....just now sold off at 1.5c after thinking hard about Qingmei getting suspended yesterday, this can also happen with this coy too. Better to lose the 0.9c than to lose all if it got into same problem.
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fruitfulness
Veteran |
18-Aug-2015 13:39
Yells: "May the Lord God establish the works of my hands!" |
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Time to bottom fish and wait for opportunity (or wait long long)? Maybe, safer to buy after SGX issue queries on their quarterly results and hear the story-telling from the CEO! |
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treetops
Elite |
18-Aug-2015 10:03
Yells: "Moments Today, Memories Tomorrow!" |
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Or Supension?
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bishalnb
Master |
18-Aug-2015 09:54
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 what is the direction today, going up?
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fruitfulness
Veteran |
17-Aug-2015 15:37
Yells: "May the Lord God establish the works of my hands!" |
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China Sports (CSI) is still undervalued if the accounting could be believed. Anyway, I think that CSI accounts could be believed. The real problem is the incompetent CEO is working towards bankrupting the company (reducing the cash per share from S$0.11 to S$0.057 in abt 6 mths). Remember, it used to have cash per share of S$0.18 before. It has been just wastefully depleted without any reward to shareholders. So, the share price may be still undervalued ... but there is no turnaround in sight. The best case is to have the company sold off - I believe it could fetch $0.05 to $0.07 per share at least!!!
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tomhanks
Master |
17-Aug-2015 15:21
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OSIM chief financial officer doesnt know why china sports released the date after a year? Now thats a statement from a responsible CFO...lol SGX knows why they released the info this late? Sure, from the way, the share was pumped, dumped sucking all retailers blood, the bankers and the trading houses must have known everything. A great con job..Why go see a con movie...just read these market news! Am excited for more of such stuff.
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Moneyhunter
Member |
17-Aug-2015 15:16
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300 million receivables wrote off? Then can do a general offer cheap cheap? After delist, then write back the receivables? China company = Con company. Never buy a S-chip. Stupid SGX bough in S chip and kill itself.
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kelvinleow79
Senior |
17-Aug-2015 14:52
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JUL 31, 20159:19 PM CHINA Sports International, which sells shoes under the Yeli brand in China and is licensed to use Garfield comic character images in its footwear there, has revealed that OSIM International has a 9.34 per cent stake in it. In a series of announcements on Friday evening, the company said the share purchases were made over a period in May 2014, when OSIM first became a substantial shareholder with more than 5 per cent, to October 2014, when OSIM accumulated 9.34 per cent or close to 90 million shares. China Sports last traded at 2.2 Singapore cents on Friday, and is valued at S$21 million, according to Bloomberg. This means the stake taken by OSIM, which sells massage chairs, healthcare products and luxury tea, is worth around S$2 million. Asked by The Business Times why the disclosures were made by China Sports more than a year after OSIM became a substantial shareholder, OSIM chief financial officer Peter Lee said: " We are unaware of the reason for the timing of their announcements. Our latest stakes are as announced by China Sports."
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kelvinleow79
Senior |
17-Aug-2015 14:46
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BB pushed up the price before " bad news" announcement.. luring poor retailers in... Concurrently, company released news of OSIM increasing it' s shareholding at the same time to entice retailers to buy.. What a collaboration. 
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