Post Reply
1-20 of 69
undervalued pick becomes go burst... scary
mogambo ( Date: 22-May-2017 00:32) Posted:
|
Swing Media Technology Group to wind up and delist from SGX
SWING Media Technology Group : BEV 0%said in a bourse filing late Friday (Nov 24) that its shares will be delisted and the company wound up.
The manufacturer of data storage products will be delisted from the SGX mainboard at 9 am on Dec 11, 2023.
It said that SGX has &ldquo no objection&rdquo to the proposed delisting. Trading in the company&rsquo s shares has been suspended since 2017.
Since it is in liquidation and its &ldquo realisable assets are insufficient to cover its liabilities&rdquo , the company does not have the means to make an exit offer or to make any distribution to shareholders.
There is also no intention to dispatch physical share certificates to shareholders following the delisting &ldquo to avoid incurring unnecessary costs and expenses in the course of winding up.&rdquo
A winding-up petition was presented against Swing Media Technology Group to the High Court of the Hong Kong Special Administrative Region in 2017, and trading of its shares on SGX was voluntarily suspended the same year. Liquidators of the company were appointed in 2018.
this is fundamentally undervalued pick,.. technically undervalued too. should see 70 cents to a dollar on the upswing ... price is stable on the charts for about a year and should slowly gather pace. Price to book is only 0.09, PE is 2.16... Ownership promoters holding is pretty low at around 23% holding.. Income is growing , profits and revenues are growing too.. Long term debt is almost nil. short term debt is around 42 million, Equity is diluted after the 11:10 and 1:20 split in sept 2015. should slowly appreciate in price and see 60 cents/ 70 cents and upto a dollar in less than a year if value investors find it a gem investment to go long and hold. ROE is at 5 % and has to improve further, Dream cash flow as company has always surplus funds on its hand only it has to smartly utilise it for further growth and share with the investors in multifold exponential growth I expect to see here. Assets are growing over the last 5 years. Just commenting looking at the numbers for the fundamentals,, but Technically it can be a superfast bullet train to board and experience 60 / 70/80/ 90 when the momentum picks and over a period of time it shifts to a high gear. Good to go long for investors , traders can experience the thrills with good volumes and positional trading on the upswing.
So, it makes a micky of SGX yet again. Others seem to get to trade on non public info n they still in the dark? Well, I supposed we are just resigned to what SGX is all abt.
mepkoh ( Date: 12-Aug-2016 15:04) Posted:
|
swing replied to sgx..
potential acquisition...
ho sei liow...
Qanghoo ( Date: 12-Aug-2016 13:09) Posted:
|
No, lah. I say if we can tompang the cks whenever they char, n know in advance which stocks they want to char, we can be millionaires. But for me, this SM really undervalue.
sengsk ( Date: 12-Aug-2016 10:37) Posted:
|
" easily be millionaire " , WOW, you play so BIG ar ?
Just this counter to be millionaire ....
Qanghoo ( Date: 12-Aug-2016 10:22) Posted:
|
Ridiculous px for so long. But when I bought, px stuck. SGX stocks are all chng kay controlled. If u know when chng kays are gonna play, u can easily be millionaire.
outlook ( Date: 11-Aug-2015 10:31) Posted:
|
quried by sgx..for unusual trading prices..
sengsk ( Date: 12-Aug-2016 09:30) Posted:
|
Could have some news. Maybe
On monitoring mode now...Can take note the move..
Still waiting patiently for the price to swing upwards. Undervalued stock
outlook ( Date: 06-Aug-2015 11:04) Posted:
|
Still undervalued. Hope more support will come in to bring price above 0.045.
outlook ( Date: 05-Aug-2015 17:47) Posted:
|
Closed at 0.041.More support needed to bring price above 0.045. still undervalued.
outlook ( Date: 05-Aug-2015 10:23) Posted:
|
More support needed to bring this stock up. Buy when it is still value for money
outlook ( Date: 04-Aug-2015 13:08) Posted:
|
Some confidence is returning to the market. Hope more support comes in. Now 0.04
outlook ( Date: 04-Aug-2015 12:32) Posted:
|
stronger support needed. Buy when the price is so low.
outlook ( Date: 04-Aug-2015 11:50) Posted:
|
Hope the directors will come and support their shares. Need some support to bring it up to 0.045 and above
outlook ( Date: 04-Aug-2015 11:41) Posted:
|
Swingmedia has been dropping since last week and continue to drop to 0.037. Time for it to swing upwards.
Lol, watch it rise or drop