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huh? Cash equivalent is SGD0.07. Share is only trading at SGD0.016.
Isnt' s this a massive discount? so share should go up ... isn' t it?
China Sports announced massive write-off of its trade receivables, amounting to a loss of nearly S$0.07 per share. This showed the great incompetence of the Lin brothers who are running this company. They have not been able to face up to the strong competition, closing down the sports accessories division last yr, the apparel division this year and the significantly reduced order for footwear thus far. My as well, sell the business to more capable third party. NAV has been reduced to less than S$0.17 per share (from S$0.24 per share). Cash equivalent per share is now about S$0.057, reduced from S$0.0711.
So it is time for OSIM and the China Sports CEO to work towards delisting soon? Time to load for some speculative play?
Lets see how well it can handle the lunch time low volume biz....and if it is still at 1.9c then it should be able to close in the green at 2c or above.
Agreed....a possibility to close at that level if volume can shoot higher.
bishalnb ( Date: 14-Aug-2015 10:34) Posted:
 totally agree, today' s target stays at 2.4c 
isaacsgx ( Date: 14-Aug-2015 10:26) Posted:
lower profit only, not even a loss!
Anyway, devaluation of rmb good for china sports, increase in export sales.
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Aiyo, not so fast leh. Have not loaded for the next round of play! Hopefully, the quarterly result will be out this evening or early Mon morning. Wanna see whether there is any further depletion to the cash per share it is holding. Maybe share price should return to 1.8 at the end of the day??
totally agree, today' s target stays at 2.4c
isaacsgx ( Date: 14-Aug-2015 10:26) Posted:
lower profit only, not even a loss!
Anyway, devaluation of rmb good for china sports, increase in export sales.
lglg666 ( Date: 14-Aug-2015 08:25) Posted:
| Already priced into the present price. But with the recent devaluation of the Chinese yuan....products from China should do well as its cheaper to others. So this is a good thing, yes |
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lower profit only, not even a loss!
Anyway, devaluation of rmb good for china sports, increase in export sales.
lglg666 ( Date: 14-Aug-2015 08:25) Posted:
Already priced into the present price. But with the recent devaluation of the Chinese yuan....products from China should do well as its cheaper to others. So this is a good thing, yes?
kelvinleow79 ( Date: 13-Aug-2015 18:53) Posted:
CHINA SPORTS INTERNATIONAL LIMITED Incorporated in Bermuda (Company Registration: 39798) PROFIT GUIDANCE FOR SECOND QUARTER OF 2015 In anticipation of the announcement of the unaudited financial results for the second quarter ended on 30 June 2015 (&ldquo 2Q2015&rdquo ), the Board of Directors of China Sports International Limited (with its subsidiaries, the &ldquo Group&rdquo ) deems it appropriate to issue a profit guidance in respect of the financial result for the Group for 2Q2015. Based on our preliminary financial figures, the financial results for 2Q2015 are expected to decrease compared to the first quarter ended 31 March 2015. Further details of the Group&rsquo s performance will be disclosed when it announces its unaudited financial results for the second quarter ended 30 June 2015.
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2c n going up... target 2.4c
ash902 ( Date: 14-Aug-2015 09:46) Posted:
reminds me of eratat, short term play ok, but don' t dabao can already
lglg666 ( Date: 14-Aug-2015 09:42) Posted:
| If break out from 2c....then it will surge highe |
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Hope it will break out of 0.02 today and surge if enough people still have confidence in this stock
lglg666 ( Date: 14-Aug-2015 09:42) Posted:
If break out from 2c....then it will surge higher
lglg666 ( Date: 14-Aug-2015 09:40) Posted:
| Should be running today....:) |
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reminds me of eratat, short term play ok, but don' t dabao can already
lglg666 ( Date: 14-Aug-2015 09:42) Posted:
If break out from 2c....then it will surge higher
lglg666 ( Date: 14-Aug-2015 09:40) Posted:
| Should be running today....:) |
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If break out from 2c....then it will surge higher
lglg666 ( Date: 14-Aug-2015 09:40) Posted:
Should be running today....:)
outlook ( Date: 14-Aug-2015 09:39) Posted:
China Sports slowly recovering. now 0.019. hope it can go up to 0.024 level by 1-2week
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Should be running today....:)
outlook ( Date: 14-Aug-2015 09:39) Posted:
China Sports slowly recovering. now 0.019. hope it can go up to 0.024 level by 1-2week
papayaface ( Date: 14-Aug-2015 08:43) Posted:
Yep because accounts are also in RMB, so no impact but NTA and EPS is lower on conversion to traded price on exchange. Anyway, share price is way below NTA, should have no impact. Good luck
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outlook ( Date: 14-Aug-2015 09:39) Posted:
China Sports slowly recovering. now 0.019. hope it can go up to 0.024 level by 1-2week
papayaface ( Date: 14-Aug-2015 08:43) Posted:
Yep because accounts are also in RMB, so no impact but NTA and EPS is lower on conversion to traded price on exchange. Anyway, share price is way below NTA, should have no impact. Good luck
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China Sports slowly recovering. now 0.019. hope it can go up to 0.024 level by 1-2week
papayaface ( Date: 14-Aug-2015 08:43) Posted:
Yep because accounts are also in RMB, so no impact but NTA and EPS is lower on conversion to traded price on exchange. Anyway, share price is way below NTA, should have no impact. Good luck
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Yep because accounts are also in RMB, so no impact but NTA and EPS is lower on conversion to traded price on exchange. Anyway, share price is way below NTA, should have no impact. Good luck
Already priced into the present price. But with the recent devaluation of the Chinese yuan....products from China should do well as its cheaper to others. So this is a good thing, yes?
kelvinleow79 ( Date: 13-Aug-2015 18:53) Posted:
CHINA SPORTS INTERNATIONAL LIMITED Incorporated in Bermuda (Company Registration: 39798) PROFIT GUIDANCE FOR SECOND QUARTER OF 2015 In anticipation of the announcement of the unaudited financial results for the second quarter ended on 30 June 2015 (&ldquo 2Q2015&rdquo ), the Board of Directors of China Sports International Limited (with its subsidiaries, the &ldquo Group&rdquo ) deems it appropriate to issue a profit guidance in respect of the financial result for the Group for 2Q2015. Based on our preliminary financial figures, the financial results for 2Q2015 are expected to decrease compared to the first quarter ended 31 March 2015. Further details of the Group&rsquo s performance will be disclosed when it announces its unaudited financial results for the second quarter ended 30 June 2015.
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With latest devaluation....sales should go up since it will be cheaper
CHINA SPORTS INTERNATIONAL LIMITED Incorporated in Bermuda (Company Registration: 39798) PROFIT GUIDANCE FOR SECOND QUARTER OF 2015 In anticipation of the announcement of the unaudited financial results for the second quarter ended on 30 June 2015 (&ldquo 2Q2015&rdquo ), the Board of Directors of China Sports International Limited (with its subsidiaries, the &ldquo Group&rdquo ) deems it appropriate to issue a profit guidance in respect of the financial result for the Group for 2Q2015. Based on our preliminary financial figures, the financial results for 2Q2015 are expected to decrease compared to the first quarter ended 31 March 2015. Further details of the Group&rsquo s performance will be disclosed when it announces its unaudited financial results for the second quarter ended 30 June 2015.
Still accumulating......BB eat but not full yet.
lglg666 ( Date: 13-Aug-2015 11:19) Posted:
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Resting or sleeping?
