not necessarily buying at below net cash will mean a definite rebound in stock price..
1H report a substantial loss.. exec. chariman stepped down and sold all his holdings.. (when mgmt purchased stock, it can be a strong but not definite indicator of value ..when they sell, it is quite a definite indicator of poor outlook)
Cacola Furniture International announced the resignation of their CEO, Mr. Lu Lingjia and Financial Controller, Mr. Gary Chan. Executive Chairman, Mr. Henry Chow will assume the role of acting CEO as the company searches for suitable candidates to fill the respective positions.
I would say the CEO did a poor job, destroying tremendous shareholder value.
Cacola looks ok, going by its response to SGX which gives the reason for the placement and the background of the placees. If it's really positive, there is a glimmer of hope that the stock & business can turn around,hor?