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This is not what we can expect to know. Look at loss-making Ramba Energy, placement share at 28c but share price surged up to 43c today. No more logic in Singapore penny counters because BBs dictate what price they want to see
happyharvest ( Date: 19-Apr-2015 00:22) Posted:
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Seriously don' t know what is this share doing.
Everyday float at this price and yet in top 10 volume!!!
Any inside story?
what are you expecting? dropping to that price?
goodman ( Date: 18-Apr-2015 23:50) Posted:
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Placement done at $0.2788. Let's see what will happen on Monday.
Wa! This is the latest fashion in SGX now. Coming out with negative reports on the listed companies here. First on Olam, next on Noble, and now small small company like IHC also kenna.
Interestingly to know that report on IHC was out on 11 May 2015, but nobody seem to be interested in such detailed report. Trading within 0.28 to 0.285 with similar volume.
May be the report is too long, too chim or ..........????
Too much of it, people get sick of it and may be ignoring it all together.
Not vested, anyway.
Hello,
We set a sell target of $0 because we believe IHC' s assets are severely inflated and the claims on many of its properties are highly questionable. Read the report to find out more.
In addition, the debt burden IHC has taken on has become unsustainable in relation to its weak cash flow.
When its growing liabilities exceed the worth of its assets and any meaningful cash flow that can be generated in the foreseeable future, we believe the company does not have any intrinsic value.
At liquidation, IHC' s assets will not fetch enough to pay its debt creditors, and hence equity holders are unlikely to receive compensation.
The legal disclaimer is necessary as we cannot legally prohibit our employees from holding positions in the stock. However, we can confirm that Panoptes Consulting itself does not hold any positions in IHC.
Panoptes - New ID in sharejunction
Panoptes Consulting - new domain since March 5th with no sort of track record
Is either their shorts are making huge losses now or they want people to sell IHC shares to them.
Tomorrow its a BUY for IHC hooray!! Lets all thank Panoptes for the hint!!
3 BIG reasons why I do not buy the story of this new report by Panoptes...
1. " Panoptes Consulting hereby discloses that its clients and we the company, or our officers and directors, employees and relatives, may now have and from time to time have, directly or indirectly, a long or short position in the securities discussed and may sell or buy such securities at any time without prior notice to our clients."
2. " we believe IHC&rsquo s intrinsic value is far below its current price."
3. " Target: $0"
As you can see, Panoptes may and obviously hold short positions.
No matter how IHC dresses its accounts, they surely have assets and a $0 target is not only impossible, but just a desperate attempt at best, to induce shareholders to dump whatever they can in order for Panoptes to capitalise on their short gains.
Since you believe IHC' s intrinsic value is far below its current price, can I infer that you believe it is still worth something? Then why set a target of $0? (self-exposed shortist, just like Glaucus Research in the CMZ saga)
IHC might go all the way down from 0.28.
The company has questionable accounting and a lot of problems. This report published by an analyst shows a strong sell rating.
Impossible for 28.5cts to break?? or at least another 3months at least to break? Must be super patient..
this bugger always so high volume, but dont move.. everyday contribute like 5% of total sg market volume, giving a window dressing in volume to our dead sg market.. wonder what' s with the BB.. are they related to sgx operators who want to churn some volume to make market volume look better? lol
28.5ct must break before can run ??? Not easy to clear.
Today top active but not much information on this company
Now at 52 week low coming down from $0.47 since IPO July 2013