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Profitable years ahead
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chaoticleo
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08-Apr-2016 16:32
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Must stay united... PUSHHHHHH
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Ramster
Master |
08-Apr-2016 16:31
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This would reduces my losses |
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chaoticleo
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08-Apr-2016 16:30
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If every1 is in line, should be able to hit 114... |
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Ramster
Master |
08-Apr-2016 16:28
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Hopefully |
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edriclian94
Veteran |
08-Apr-2016 16:22
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maybe 114 by end day. I hooted some at 93 |
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chaoticleo
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08-Apr-2016 16:21
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burn hard! |
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Ramster
Master |
08-Apr-2016 16:14
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Shorted got burn badly |
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Ramster
Master |
08-Apr-2016 15:48
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9.2c now look like holding to 9c to 10c range |
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luca_brasi
Member |
08-Apr-2016 15:05
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Ya look at QT Vascular. Same kind of loss making company bleeding cash. Learn my Warren Buffet lesson liao: only invest in companies with a business you understand and constant positive Operating Cash Flow!
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johnng
Supreme |
08-Apr-2016 14:45
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SHORT TILL 1cents |
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Ramster
Master |
08-Apr-2016 14:43
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Logical if not in yet |
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HongLimPark
Senior |
08-Apr-2016 14:40
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The way to win this counter is to short! Sure win one! | ||
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johnng
Supreme |
08-Apr-2016 14:32
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NEVER IN MY LIFE SEEN AN IPO perform in such a MANNER..........SG HISTORY |
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Ramster
Master |
08-Apr-2016 13:59
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Now 9.1c hope it can hold at this level 9c to 10c |
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luca_brasi
Member |
08-Apr-2016 13:30
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Unfortunatelty Bloomberg is not reliable to report financials from Asia counters. Some report financials in USD, RMB,... and FX conversion is not always done. In CNMC case, best to refer to official SGX fillings and company announcements: http://cnmc.listedcompany.com/newsroom/20160223_173927_5TP_J5LBNTGUT10HRJ70.2.pdf - FY2015 Net profit (excluding non-cash FX impact / Tax-Credit) : $16.43M USD (~ S$22M) - " GAAP" FY2015 Net Profit: $13.43 USD (~ S$18M ) - Dividend Yield: 4.40% - Cash position: $22.13M USD (~ S$30M )
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brandnew
Senior |
07-Apr-2016 23:48
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Anchor is one of the worst IPO I' ve ever come across in my trading life. Very soon will be 0.05.... |
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paul1688
Veteran |
07-Apr-2016 23:03
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It is a fair comment for one to see an argument case for CNMC though I have my reservations. Below is today's comments from Mr IPO.
--------------------------------------- Since its IPO, CNMC Goldmine has turned around and has made a profit from 2012 onwards. It made a profit of S$14.6m in 2015 and as of yesterday, it was trading at a PE of 5.86x and a price to book of around 1.87x. Similar to CNMC when it first came to market, Anchor Resources is still loss making and the losses has ballooned from RM6.8m for FY2014 to a loss of around RM12.6m for 1H 2015. Anchor Resources CNMC Goldmine Share price 9.9 c 21.5 c PE -- 6.1 Market cap S$27.7 million S$87.6 m Shares outst. 279.7 million 407.3 m Dividend yield. -- 2.51% Source: Bloomberg The NAV per share is 5.82 cents versus the IPO price of 25 cents. That translates into a price to book of 4.3x. I would likely have given it a zero chilli rating since readers who have an interest in gold mining companies are better off buying the share of CNMC Goldmine. Happy gold mining. |
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luca_brasi
Member |
07-Apr-2016 21:12
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Agree for Anchor but CNMC is deeply undervalued.
Highly profitable with mounting pile of cash and 0 debt. Their break even cost is less than $600/oz so you guess how much money they make at 1200+ Net/Operating margins and Return on Equity/Capital quite impressive. Production has been rising steadily each year and the Australian 3rd party auditor just reported their gold reserves up 22% from last year +zinc, silver, lead.
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gravity8888
Supreme |
07-Apr-2016 21:03
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Maybe wait for .005 then buy lo | ||
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paul1688
Veteran |
07-Apr-2016 20:11
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Not discouraging investors in these 2 counters but Malaysian gold miners are peanuts compared with the large precious metals mining stocks in US, Canada, Latin America, S Africa and Australia. Their sheer economies of scale cannot even be compared. Only way these SGX listed miners can be profitable are if gold goes up up to the previous highs. I do believe gold and silver will test new highs in coming years - however I still will prefer to buy gold or silver ETFs or better yet the mining stocks in NYSE. The SGX ones are nothing to get excited about relatively speaking. Just my humble view - no disrespect to contrarion investors. | ||
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