That's de stock mkt! U either follow de institutions, fund managers or de BBs. If u think u r smart alone n can do your own calculations, forget it. Heard many complains on Synear, HH, Food Empire, YN, etc... for not trading at their rnav price. Hv to take your Q n wait for your turn lah!
The Myanmar theme is one to view with extreme caution simply because the earnings potential is there but a looong time from being realised. U take this morning's announcement of YOMA's results. If it were a S-chip, the stock will dive!
Let's see what happens when the market opens with the stock's last price being 54 cents.
2Q was a net loss ...
*** Administrative expenses in the 2nd quarter increased significantly by S$8.73 million to
S$9.28 million as compared to S$0.55 million in 2Q2011.
Hence the Group recorded a net loss attributable to shareholders of S$4.12 million, compared to a net profit of S$1.39 million in 2Q2011.
*** Why the jump in admin exp? Stock options!! In particular, ....On 20 July 2012, CEO Mr Rickards was issued 14.5 million shares, resulting in a one-off, non-cash charge of S$5,437,000 (calculated based on the market price on the day of shareholders’ approval).
