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News on Contel - Auditors flag issues at....mentioned firm may not be able to continue as going concerns., incurred a net lost and that its assets liabilities exceeded its current assets by U.S.$1.1 million.
The biggest problem is that people like to encourage others to buy or sell.
That is a very bad thing to do, no matter 100% or more confident.
If one is so sure, the best thing to do is to " mau" (bet heavily) yourself.
Then when you need to jump down, you can also do it yourself too.
But for heaven's sake, do not encourage others to buy or sell,
(unless you can take responsibilty for it).
cos you all dun believe contel will go up. If you guys entered that day, T+5 also haven't up. Wait and see lo..
Nv ask you buy. Just ask you to wait and see.
Ryuuenji ( Date: 09-Apr-2013 02:16) Posted:
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It is good to know that having degrees itself is not good enough to make money in stocks.
Professionals and ordinary people both lose a lot of money on stocks (and have died).
Stocks is all about human nature, regardless of intellectual achievement.
Huatahearnmoney ( Date: 08-Apr-2013 23:25) Posted:
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I really love that statement... washing away your sin... just love bamboo blowing statements from this guy
" Those who didn't enter, you guys should have entered during sell down just now at 83-86. That's a good price. My previous batch also trade around that range and sold in mid 90s"
terencee ( Date: 08-Apr-2013 22:45) Posted:
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If contel buang, i confirm high flyer. Fly out of a high building hahahha.
theyoungone ( Date: 08-Apr-2013 23:41) Posted:
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High flyer!!!!
Im 23 this yr la. I saved thru out the years and i am working now. Got a degree blabkabla.
So yeah lor. This is it. I never rob or steal lol. But i dont mind earning $ from sgx wahahha.
So yeah lor. This is it. I never rob or steal lol. But i dont mind earning $ from sgx wahahha.
theyoungone ( Date: 08-Apr-2013 23:13) Posted:
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Where did you get the money from? How old are you? I'm 20 btw...
lose money wont blame la... you just see headline. Young boy jump off buliding because of contel corp. Lololol, heavily into contel and We hldg. one die, all die. I die. *TOoooooo hao lian, told my family not to bail me out * =/
LOLOLOLOL, but things are clearer and making sense now. we should all sleep and get ready for a UP or DOWN day.
We all discuss here nia hor. Nv ask anyone to buy. Don't anyhow buy ah.. Later lose money don't blame us.
That is correct. Auditors are there to double cfm everything. Since there's no major discrepancies, that is a good news already. Cos Yuuzoo should have already expected this results when they were in the initial stage of RTO already.
March 1, results came out. Then everyone is selling and caused the counter to dip + UOBKH curb made it go down even more.
March 20, Contel start to go up again. This means whatever bad news earlier regarding the FY report is already factored in.
This is what I see. My point of view only. Just wanna be clear to everyone before I get shot again.
srichipan ( Date: 08-Apr-2013 22:12) Posted:
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As in yuzoo would have gone thru their financial statement like crazy before deciding. They no need wait for auditors. So auditors is just to fulfill regulatory requirement. Beside there's no really major discrepancies for yuzoo to call of a deal now.
terencee ( Date: 08-Apr-2013 22:07) Posted:
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If I run a company, I would find a good foundation company to take over and get listed. But I don't wanna spend too much money taking over someone. So I'll pick one that is not doing that well every year and is in the same industry. Contel happens to fall into the category.
Firstly I won't spend too much and both company have operations that can compliment each other.
Secondly, I already know their books. Just need the books to get audited so that future loans approval would be a lot easier. That is for future project fundings.
Firstly I won't spend too much and both company have operations that can compliment each other.
Secondly, I already know their books. Just need the books to get audited so that future loans approval would be a lot easier. That is for future project fundings.
iluvboost ( Date: 08-Apr-2013 22:03) Posted:
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what TCW deal?
Yah. and its good now that financial position have improved from what was reported
terencee ( Date: 08-Apr-2013 22:03) Posted:
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u can know the company surface during discussion and meetings. u dont know the inside out.
auditors go in to check the accounts for discrepancies.
srichipan ( Date: 08-Apr-2013 22:00) Posted:
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Not to forget previous TCW's deal. There will be funds injections by him when deal goes through.
Besides the finance report already out in 1st march. So that would have already factored into the price by now.
Most importantly, Yuuzoo wants to get listed. Contel wants to stay alive. Both knows what each other wants and both won't wanna waste time. Deal is sealed long ago too. That's why I say the RTO deal is still well from what I see.
Many people see different things. Just do what you all feel comfortable. I'm not comfortable with my contra positions' entry above the trading price. Haha.. So can we see something tml? Lol...
Besides the finance report already out in 1st march. So that would have already factored into the price by now.
Most importantly, Yuuzoo wants to get listed. Contel wants to stay alive. Both knows what each other wants and both won't wanna waste time. Deal is sealed long ago too. That's why I say the RTO deal is still well from what I see.
Many people see different things. Just do what you all feel comfortable. I'm not comfortable with my contra positions' entry above the trading price. Haha.. So can we see something tml? Lol...
?? auditing is for regulatory requirement whatt.
they would have known the company inside out during the discussion/meetings. no need wait for auditors.
iluvboost ( Date: 08-Apr-2013 21:57) Posted:
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yeah auditing shows the true colors, thus both parties can reconsider.
srichipan ( Date: 08-Apr-2013 21:56) Posted:
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Anyway the news announcement is damn weird. I keep wondering why the auditor would insert such comments when it is quite obvious a deal is already on the card. It make it sounds like he is really ignorant. But ignoring the RTO, his comments really put the company in a really bad light.
Although the second announcement is kinda positive as it increases the company profit and assets value