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GCCP IN PLAY
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jenson8899
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02-Mar-2018 14:06
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The losses might be bigger if auditor suggest impairment on assets / AR later..then Going Concern issue will remain... | ||||
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notarobot
Senior |
02-Mar-2018 10:53
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Total disappointment, thou topline increased, but fall short to deliver what was being commnited. What worst, the G& A expenses is close to 50% of total sales, not including S& D, I have never see any company running at such a high expense ratio. I believed they have to do better in cost controlling. Cashflow is still bad desipte having positive operating cashflow. Based on such trend, I dunno how long will this take to generate positive bottomline and cashflow to the company. Pui cao nua on this alex.
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chiachiawee
Elite |
02-Mar-2018 04:10
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Yea 0.04 range. Had intended to average down a few times although I alr average twice, but I hold not to further average. Will see how it goes, if future still promising, I can rise back to 0.05 range. Else I will just write this off. One word, dissappointment.
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vivacious
Supreme |
01-Mar-2018 22:53
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Same here man. U vested at a high px?
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chiachiawee
Elite |
01-Mar-2018 20:55
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I really hope the management can work harder and turn all the promises into action. Really not wish to see this company just like other companies no action talk only. And also for the investors hard earned money. | ||||
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jansen
Senior |
01-Mar-2018 20:27
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like i mention, contract was supposed to run up till end of 2017. that would been all deliverables must have been met according to contract. I just had time to really sit down and digest the 2017 report and i might have been right in pointing out about the difference in revenue. " The Group&rsquo s Gridland Quarry and Hyper Act Quarries have contributed positively to its FY2017 performance, on the back of new contracts secured and fulfilled, and the Group is looking forward to a continuation of this trend in the current financial year. The Group continues to receive positive interest from both existing and new customers for the PCCand GCC-grade crushed stones from its Gridland Quarry and Hyper Act Quarries respectively. The Group is currently working with both groups of customers to convert the interest into new orders. As production volumes at Gridland Quarry may be affected by factors such as crusher feed volume and stability, and weather conditions, the Group has put in place standard operating procedures and formed a capable team to focus on optimising the production of crushed stones. The Hyper Act Quarries, which have commenced scheduled shipment of GCC crushed stones to its customers in the past quarters, is expected to make deliveries on a steady-state basis in the months ahead. Meanwhile, it is also working hard to ensure that the quality of its GCC-grade calcium carbonate stones are up to customers&rsquo expectations, by creating more extraction points to locate the calcium carbonate deposits that meet the different quality standards required. Market demand for crushed calcium carbonate stones is expected to remain healthy and the Group is hopeful that the processes instituted and efforts to increase its business activity will lead to an expansion of its revenue streams and improvement in its performance in the current financial year" On top of that the selling and distribution expenses really did shot up significantly. The management needs to answer plenty of questions.
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vivacious
Supreme |
01-Mar-2018 20:10
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and also - the chart looks like double bottom...i may be wrong. SgYuan bro, can comment? |
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vivacious
Supreme |
01-Mar-2018 19:33
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let' s see how the mkt reacts tomorrow. Top line up, bottom line needs to buck up. Not sure if rev is recognized only upon delivery hence the ctt value and rev dont tally. |
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jenson8899
Member |
01-Mar-2018 19:22
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agree with jansen and chiachia...look at the Net asset per share......
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jansen
Senior |
01-Mar-2018 19:17
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Agreed. Results were rubbish. 31 million worth of contact announced for 2nd half of year. The revenue of 21m doesn' t seem right. Something must have happened such that they weren' t able to deliver. | ||||
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chiachiawee
Elite |
01-Mar-2018 19:12
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AS a shareholder, I am somehow disappointed with the result. Reason being it already showed a turnaround profit in 9 months 2017, however the last quarter was a missed again. When can management put in effort to source for business and have a sustainable business plan. Why so much empty promises. | ||||
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vivacious
Supreme |
01-Mar-2018 18:11
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losses narrowed from a year before. Not bad.
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jenson8899
Member |
01-Mar-2018 18:03
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result out..still loss | ||||
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vivacious
Supreme |
01-Mar-2018 17:59
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yes, much more. Average about 3.25c I think. U??
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andysim83
Elite |
01-Mar-2018 16:41
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lol...200 llots..haha u must have alot more
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jenson8899
Member |
01-Mar-2018 16:32
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Zzzzzzz..... | ||||
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vivacious
Supreme |
28-Feb-2018 23:39
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how much r u vested bro? I think this bugger 5c possible leh
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vivacious
Supreme |
28-Feb-2018 17:46
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wedding!! congrats bro. Means u most likely quite young lah! I' m mid age liao..so my stake in here quite risky. But im confident of this bugger lah
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notarobot
Senior |
28-Feb-2018 17:23
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Yea, can only blame myself for not stopping loss. When it drop to .13x that time, i planned to stoploss, but broker ask to hold as there is insider news. I should never listen to broker. My other counter is better off without broker recommendation.
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andysim83
Elite |
28-Feb-2018 17:19
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ya..most of the IPO in SG cmi 1...need to wait until very low then buy..but sometime just need to stop loss..i see if positive will up abit..but to 10c i think really need more effort from the management
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