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China Star Food   

CHINA STAR FOOD : RICH UNDERVALUED GEM

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Wind22i
    11-Dec-2018 19:07  
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Yes... and no loss for china star also... congrats ..for showing us your winning ones only lol..

josephyeo      ( Date: 11-Dec-2018 18:28) Posted:

Sorry to disappoint you. My portfolio still shows a small profit of 0.35%. See below:
 
Company ................. Quantity ........ Price ............. current value ..
excelpoint 112000 0.630 70560
sing o& g 180000 0.34 61200
chasen 480000 0.073 35040
isec 112000 0.250 28000
cash     2160
      196960
dividend rec' d     3745.6
total     200706
amount invested     200000
profit/loss     706
returns in %     0.35

In the same period the ST Index is down by 5.55% from 3238.94 to 3059.3
and catalist down by 20.02% from 394.00 to 315.04. So, my portfolio has
beaten both the ST Index and Catalist Index.

Wind22i      ( Date: 11-Dec-2018 16:39) Posted:

focus on your inner/real portfolio...
whether u make loss or not.. its your own problem...
but i hope u are ok, as yr portfolio all down 50%.
 


 
 
josephyeo
    11-Dec-2018 18:28  
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Sorry to disappoint you. My portfolio still shows a small profit of 0.35%. See below:
 
Company ................. Quantity ........ Price ............. current value ..
excelpoint 112000 0.630 70560
sing o& g 180000 0.34 61200
chasen 480000 0.073 35040
isec 112000 0.250 28000
cash     2160
      196960
dividend rec' d     3745.6
total     200706
amount invested     200000
profit/loss     706
returns in %     0.35

In the same period the ST Index is down by 5.55% from 3238.94 to 3059.3
and catalist down by 20.02% from 394.00 to 315.04. So, my portfolio has
beaten both the ST Index and Catalist Index.

Wind22i      ( Date: 11-Dec-2018 16:39) Posted:

focus on your inner/real portfolio...
whether u make loss or not.. its your own problem...
but i hope u are ok, as yr portfolio all down 50%.
 

 
 
Wind22i
    11-Dec-2018 16:39  
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focus on your inner/real portfolio...
whether u make loss or not.. its your own problem...
but i hope u are ok, as yr portfolio all down 50%.
 
 

 
josephyeo
    11-Dec-2018 16:25  
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Thank you for following my posts despite your negative inclinations.

FYI, my loss for China Star is only 0.01% of my investment. Ausgroup is
still profitable as my entry price was 3.2 cts. In fact, i had taken some
profits at 4.2 cts. Serial System, my cost was 12.4 cts. Sold 70% of my
holding at 15.2 cts. I guess you are not happy to hear that i have make
some profits.

I wish you well.

Wind22i      ( Date: 11-Dec-2018 16:00) Posted:

joseph got buchered in ausgrp, china starfood, serial system, etc...
how can he be ok?
but anyway i hope he is not into deep shit..

 
 
alexchew
    11-Dec-2018 16:05  
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if someone can be right 100%, he is god... We only wish we can be right more than 70%, cut loss fast for the remaining 30%.. In the end, you still will win.

Wind22i      ( Date: 11-Dec-2018 16:00) Posted:

joseph got buchered in ausgrp, china starfood, serial system, etc...
how can he be ok?
but anyway i hope he is not into deep shit..

 
 
Wind22i
    11-Dec-2018 16:00  
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joseph got buchered in ausgrp, china starfood, serial system, etc...
how can he be ok?
but anyway i hope he is not into deep shit..
 

 
josephyeo
    11-Dec-2018 15:20  
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Thank you alexchew ! May you be blessed !!!

alexchew      ( Date: 11-Dec-2018 15:16) Posted:

thanks... i like reading your post.. at least its factual, and based on some numbers.. Not just opinions..

josephyeo      ( Date: 11-Dec-2018 15:13) Posted:

Thank you for your concerns. I am ok. Been in the market for 20 plus years
and gone thru at least 6 major crashes and survived. Normally i allocate 10%
of my investment for risky stocks ... high risk/high returns. Will write it off
when it go wrong. China Star is just a very small portion of my investment. It
doesn' t matter much.

My main investments are in stocks with good fundamentals and give good
dividend yields. Portfolio July 2018 is where my money is.

Hope everyone is ok. All the best!
 


 
 
alexchew
    11-Dec-2018 15:16  
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thanks... i like reading your post.. at least its factual, and based on some numbers.. Not just opinions..

josephyeo      ( Date: 11-Dec-2018 15:13) Posted:

Thank you for your concerns. I am ok. Been in the market for 20 plus years
and gone thru at least 6 major crashes and survived. Normally i allocate 10%
of my investment for risky stocks ... high risk/high returns. Will write it off
when it go wrong. China Star is just a very small portion of my investment. It
doesn' t matter much.

My main investments are in stocks with good fundamentals and give good
dividend yields. Portfolio July 2018 is where my money is.

Hope everyone is ok. All the best!
 

danger      ( Date: 11-Dec-2018 14:42) Posted:

josephyeo got butchered badl


 
 
josephyeo
    11-Dec-2018 15:13  
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Thank you for your concerns. I am ok. Been in the market for 20 plus years
and gone thru at least 6 major crashes and survived. Normally i allocate 10%
of my investment for risky stocks ... high risk/high returns. Will write it off
when it go wrong. China Star is just a very small portion of my investment. It
doesn' t matter much.

My main investments are in stocks with good fundamentals and give good
dividend yields. Portfolio July 2018 is where my money is.

Hope everyone is ok. All the best!
 

danger      ( Date: 11-Dec-2018 14:42) Posted:

josephyeo got butchered badly

NextEvolution      ( Date: 11-Dec-2018 14:32) Posted:

Serial System and Ausgroup also hit, but this is SGX, full of booby trap counters.


 
 
danger
    11-Dec-2018 14:42  
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josephyeo got butchered badly

NextEvolution      ( Date: 11-Dec-2018 14:32) Posted:

Serial System and Ausgroup also hit, but this is SGX, full of booby trap counters.

Wind22i      ( Date: 11-Dec-2018 14:25) Posted:

i guess jospehyeo has learn his lesson...


 

 
Wind22i
    11-Dec-2018 14:41  
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yes, ausgroup.. is a very dangerous one.... 
 
 
 
NextEvolution
    11-Dec-2018 14:32  
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Serial System and Ausgroup also hit, but this is SGX, full of booby trap counters.

Wind22i      ( Date: 11-Dec-2018 14:25) Posted:

i guess jospehyeo has learn his lesson...

 
 
Wind22i
    11-Dec-2018 14:25  
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i guess jospehyeo has learn his lesson...
 
 
NextEvolution
    11-Dec-2018 14:16  
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This morning 7.15am I only say short below 2.5 ct now 2.5ct like becoming the benchmark price ...LOL

NextEvolution      ( Date: 11-Dec-2018 07:15) Posted:

Another joker S-chip asking for money and to destroy shareholders' value.

1-for-1 Rights Issue at 1.5ct while current price is 3.9ct. But it will end up as a short seller's favourite to crash price to below 2.5ct, at least

 
 
Wind22i
    11-Dec-2018 14:14  
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josephyeo likes to invest in s-cheats...
 

 
Wind22i
    11-Dec-2018 14:10  
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s - cheats...
joseph gets burned...
 
 
kangaroo11
    11-Dec-2018 14:05  
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ya KO liao...lol!

NextEvolution      ( Date: 11-Dec-2018 10:50) Posted:

All vested holders seeing stars circling around their heads

kangaroo11      ( Date: 11-Dec-2018 10:47) Posted:

Wah gap down, what happened? No more star food to sell? Haha.


 
 
WL123456
    11-Dec-2018 11:41  
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Good move . Savage whatever you can . Money lost can earn back . Lesson learnt, avoid S chip at all cost , even like big ones such as YZJ . You can never trust them .

josephyeo      ( Date: 11-Dec-2018 11:36) Posted:

According to the 2nd quarter Unaudited Financial Statements and Dividend Announcement,
the company has borrowing of RMB 20.300 mil and cash and cash equivalent of RMB 160.341.
Cash is almost 8X debt.

I am surprise that despite this high cash level, the company still go for a cash call. It doesnt
make sense to me.

In view of the above, i decide to exit the counter at a loss. It seems that all the low valuation
and high cash level get negated.

In my earlier posting, i had highlighted that this is an s-chip n one has to be careful when
putting money into s-chip.


 

eric998      ( Date: 11-Dec-2018 11:17) Posted:

retailers cant verify these numbers.. 


 
 
josephyeo
    11-Dec-2018 11:36  
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According to the 2nd quarter Unaudited Financial Statements and Dividend Announcement,
the company has borrowing of RMB 20.300 mil and cash and cash equivalent of RMB 160.341.
Cash is almost 8X debt.

I am surprise that despite this high cash level, the company still go for a cash call. It doesnt
make sense to me.

In view of the above, i decide to exit the counter at a loss. It seems that all the low valuation
and high cash level get negated.

In my earlier posting, i had highlighted that this is an s-chip n one has to be careful when
putting money into s-chip.


 

eric998      ( Date: 11-Dec-2018 11:17) Posted:

retailers cant verify these numbers.. 

josephyeo      ( Date: 13-Nov-2018 16:05) Posted:

My entry into this counter was triggered by:

1. low forward p/e of around 1.1 X
2. it has bottomed at 3.3 cts from a 52 weeks high of 13.0 cts.
3. its cash per share after debt is 9.4 cts. This is almost 3 times its low price of 3.3 cts

Just for info.


 
 
WL123456
    11-Dec-2018 11:33  
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Bro , cut loss . If the number is so impressive yet they have to raise funds for working capital means they have run out of cash . The accounts is most likely a fraud . They don?t even have money to pay admin and legal fees in Singapore so they numbers are fake . It claim it had $126 mil rmb of cash but yet cannot even pay about $4 mil of working capital . This company is gone case.

josephyeo      ( Date: 13-Nov-2018 13:39) Posted:

Cash net off debt S$28 mil
Company is capitalised at S$12.1 mil on price of 4.1 cts.
This is far below its cash value.

 

josephyeo      ( Date: 13-Nov-2018 11:05) Posted:

Below are some figures on the 2Q results released on the 12 Nov ' 18:
 
1. revenue S$34.9 mil
 
2. profit S$4.4 mil
 
3 earning per share 1.2 cts
 
4 price earning ratio half year 2.2 X
 
5. 52 weeks high 13.0 cts
 
6. 52 weeks low 3.3 cts
 
7. current price 3.6 cts
 
8. nta .. 28.2 cts
 
9. cash S$32.0 mil
 
10. capitalisation .. S$9.8 mil
 
11. cash backing per share 10.8 cts
 
12. number of shares 296909000
 
Above for info n sharing only. Pls note China Star Food is an s-chip.

 


 
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