ISDN

What on earth is happening at ISDN? Up 40% this morning!!!! Sure will get query from sGX. What does the company do ? sounds like tech.

Posted by hongsan in CNA forum yesterday (ie before today\'s mad rally). I have been monitoring this laggard stock for some time now. Due to it\'s shares being illiquid, it can be easily manipulated. The big fish have been slowly over the months absorb all the despair seller at around 0.15 cents. Since there are no more seller left, they decided to buy higher and finally someday, they will offload theirs to all the novices. I must admit here that this share got potential to go up to 0.30 cents, but don\'t be tempted to go along this *censored* rally. This market is full of fraud. I personally don\'t like illiquid and holdings companies because they are tightly control by just few cunning people. The rich from stock market are rich because they possess some or all of the following qualities: smart, intelligent, education, cunning, wicked, greedy, fraud and no mercy. Those names who make money here can fill just one book but those names who lose can fill one library. WELCOME TO THE WORLD OF STOCK MARKET.

Posted by Zhu Ge Liang in CNA forum.... Very funny...hahahaha: AssGX: we today see ur price chiong up so much... u noe wat happen? ISDN: dunno leh.. AssGX: r u aware of any info haven declare? ISDN: dun hv leh AssGX: r u aware of any insider trading? ISDN: dunno leh.. AssGX: u sure u dunno any insider trading? ISDN: How i know? AssGX: u sure u never against any AssGX rule? ISDN: of cos la

Official answer from ISDN: \"We are in the process of incorporating two (2) companies and will release further information on SGXNET via an announcement. We are of the view that the incorporation of these two (2) companies has no material financial impact on the Company.\"

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Like that stock will fall tomorrow???? today rocketed up 54%. Eyes popped out every where.

Stock added another 10% in 15 mins of trading this morning. This is a cornered stock or what? No news still can fly? :blink:

1-year return of about 160+% by ISDN when it bought its own shares after a sudden drop in Mar 09. Bought 12.70 cents, now 33.5 cents.. Ho sei!!! Found its press release .... Singapore, 12 March 2009 – SGX Main Board listed ISDN Holdings Limited (“ISDN” or “The Group”), an integrated engineering solutions provider for diverse industries, today purchased 2,665,000 of its shares at the open market to underscore the Group’s confidence in the company’s future prospects and business fundamentals. In a filing to the Singapore Exchange today, ISDN purchased these shares at an average price of 12.7015 cents per share. ISDN paid a total of $338,495 for these shares which represented 1.57% of the company’s issued share capital. At the same time, Mr Teo Cher Koon, ISDN Managing Director and President, through his privately owned investment holding company, Assetraise Holdings Limited, purchased 50,000 ISDN shares at 12 cents each, thereby increasing his deemed interest in the company to 53.86%, from 53.13% previously. He commented, “In the light of today’s decline in ISDN share price, which we attribute to market forces and the current economic climate, we would like to affirm the Group’s sound business fundamentals and future prospects as well as our prudent business practices. “The shares that had been bought back by the company would be distributed to employees as part of our share incentive programme,” he added. ISDN share price took a downward turn at the opening bell today, from 35 cents to close at 15.5 cents. 2 Just last month, on 20 February 2009, ISDN reported net profit growth of 16.4% for the fullyear FY2008, from $7.0 million to $8.2 million, backed by revenue increase of 13.2% to $116.4 million, from $102.9 million. This was followed by last week’s announcement that it has entered the clean renewable energy sector via a joint venture company, W2Energy Pte Ltd, with German partners. The JV aims to target both developed and emerging markets including the Asia Pacific.