China Sports   

PLACEMENT to some CHINA BLUE CHIPS DIRECTOR

BB already show hand. Big buy  on queue. Buy before the  run up, soon. Good luck

 

Jumbo bb swift swift swift Liao , FYI

 

Not possible leh because they have to declare. May be more possible they scouping up all the 1.4 and 1.5 yesterday. Good luck

DummyA      ( Date: 28-Jan-2016 21:48) Posted: Maybe osim pump up the price so that they can offload the old position at high price?

 

Maybe osim pump up the price so that they can offload the old position at high price?

 

Mr Osim is quietly waitig to buy. Come join me to buy more at 15 cts below. Good luck

 

Haha uncle sim already let go at 1.8 Liao lah tats y price keep dropping ! It will drop drop drop to less than 1 cent then he will buy back again ! Retail investors suck thumbs & toes for the time being

machidrain      ( Date: 27-Jan-2016 08:26) Posted: But its difficult to conclude, shares were brought by osim in june 2014 but only reported by china sports in june 2015. Something wrong right. Then if they sell now, next year then report ?

 

I do believe the P& L of china sport will improve but still in the red zone for the upcoming Q result... 

Reason for the high admin cost: Write-off RMB188.4mil of trade receivable due to purchaser inability to pay... and in their balance sheet we do c a significant decrease in the trade receviable... and only left with RMB 60.12mil as trade receviable (so i believe that will be a one off cost and the total of RMB 487.4mil for 3 Qs) I do not see any reason for another write off higher than 188.4mil so the admin cost shld b back to normal...or abit higher than average...

But given that their products have yet to achieve any differeniation.... i believe it would b hard for them to get any good result... 

so i do expect a loss in the upcoming Q between -100,000,000 +-50,000,000.... that is what i think... might b wrong so ya

for me... i will try and go when it is ard 0.011.... i have yet to c OSIM coming in already... even when the price is ard 0.016... so i believe they might b thinking of waiting for further price drop then buy in again..

Anyway DOYDD :   )

 

the below information from SGX comes from a previosly reported statement.. the latest not out yet

 

Net asset value per share (RMB cents) = 48.47 

still higher than the share price

 

 

this is only snippets of the financial statement.. read the full statement at SGX

Revenue for third quarter    32,317,000 vs previous of 217,553,000

(Wow that is a huge drop of 85%)

Administrative expenses is (RMB 197,912,000)   vs (5,585,000)

(WOWO WOW   thats 3,443.6% increase)

(Loss) for the 3 months   =  (RMB 270,178,000)   vs profit of 19,178,000 previously
 

(Revenue of RMB 32m but loss of RMB 270m ?????) thats crazy for me


 

 

But its difficult to conclude, shares were brought by osim in june 2014 but only reported by china sports in june 2015. Something wrong right. Then if they sell now, next year then report ?

 

But that being said, if they liquidate now, you're actually paying less than their cash holdings for the company at 1.5c. Their P&L on the other hand was atrocious! 15m market cap, bled 100+m in 9 months???????

 

If they buy and then sell in such a short term - how will the market view their actions? They're not a trading company lol, but one that supposedly invests in companies complementary to their businesses (lol.)

machidrain      ( Date: 26-Jan-2016 22:27) Posted: who knows, perhaps they are decreasing their holding this few weeks? jwong016      ( Date: 26-Jan-2016 22:13) Posted: Osim clearly views CS as a gem though acquiring so many shares in such a short period. Even up to 2.3c for the last 5% stake it purchase

 

If Mr Osim decrease holding, he will disclose it. He is still around, so no worries. Will load more at below 15 cts. Good luck

 

who knows, perhaps they are decreasing their holding this few weeks?

jwong016      ( Date: 26-Jan-2016 22:13) Posted: Osim clearly views CS as a gem though acquiring so many shares in such a short period. Even up to 2.3c for the last 5% stake it purchased machidrain      ( Date: 26-Jan-2016 21:39) Posted: me too alrady cut loss at 18 else really jialat.. china chips dont touch better. pui

 

Osim clearly views CS as a gem though acquiring so many shares in such a short period. Even up to 2.3c for the last 5% stake it purchased

machidrain      ( Date: 26-Jan-2016 21:39) Posted: me too alrady cut loss at 18 else really jialat.. china chips dont touch better. pui Maxitan      ( Date: 26-Jan-2016 16:07) Posted: Lucky I also cut loss at 1.8 if not really cry big time this Lj sports will drop till 1 cents before those bb will buy back !!

 

me too alrady cut loss at 18 else really jialat.. china chips dont touch better. pui

Maxitan      ( Date: 26-Jan-2016 16:07) Posted: Lucky I also cut loss at 1.8 if not really cry big time this Lj sports will drop till 1 cents before those bb will buy back !!! machidrain      ( Date: 26-Jan-2016 07:16) Posted: lucky i cut loss liao. heng ah.. omg dead stock china style.

 

Lucky I also cut loss at 1.8 if not really cry big time this Lj sports will drop till 1 cents before those bb will buy back !!!

machidrain      ( Date: 26-Jan-2016 07:16) Posted: lucky i cut loss liao. heng ah.. omg dead stock china style.

 

BB want to earn money. Maybe this counter left no much meat.
Since OSIM buy this counter, shorter also have to wary if suddenly buy up from osim.

 

Bb sell china sports. Use the fund to buy secura ipo. Secura will be listed on catalyst board on this Thursday. Bb will come back to chinasport again once they hv make enough profit on secura.