See what so good is an illiquid stock. I think the towkay should take this one private and profit himself.
Bought at this level and after not only good result, but excellent result. mkt still not looking at it.
sll and goodbye.
that will be the last time, and if recession or mkt lau sai, this will be even worse.
good luck to vester here.
I agree with cheongwee -- this stock is illiquid, worse than a dead body. However, in an expected year-end rally, this one might have a chance to wake up and run. It's like marathon -- everyone is running. Just hoping.
I learned there is no such thing as a permanently illiquid stock. If there is a good reason, the market will trade the stock (up or down). Foreland today had 2.284 m volume! Stock at 12.4 cents -- won't be there for long becos the company has a profit guidance that is going to make investors chase the stock.
Today's announcement: For FY2011, the Group is expected to report a significantly higher revenue, compared to the financial year ended 31 December 2010 (“FY2010”), due to the strong demand for its high grade and functional fabrics. The strong demand was a result of the recovery in the market of high grade textile products and the continuous expansion in the Group’s business for high grade umbrella fabrics.
Accordingly, the Group expects to report a significantly higher profit before taxation for FY2011 as
compared to FY2010. The Company will disclose further details when it announces its unaudited financial results for FY2011 on or before 28 February 2012.
BY ORDER OF THE BOARD
Tsoi Kin Chit
Executive Chairman
14 February 2012
I dislike pure factory plays or S-Chips unless they are super cheap and I thought I had a bargain at 10 cts when the price crashed just after they announced a record profit and EPS of 5.7 cts. Where is the logic LOL ?
Tsoi Kin Chit, the Executive Chairman, did some buying after the results announcement for fy2011 -- but has dried up. Token buying doesn't really convince the market.
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