you are absolutely correct . People slowly noticing this gem already . 150 lots buy-up today . up 0.3 cents . Buy early to reap 100% reward soon .
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[ChillX 27-07-2011]:
Well, investing in the market has its own risks, but nothing ventured, nothing gained. I've vested in china Sports for some time now and just waiting for 2012++, when their factory is in operation and their profit margins to improve... thereby stimulating their share price. Good analysis of China Fibretech - will consider vesting a bit.
Cannot believe myself... trading at 3.5 cents!!! Net cash of more than 15 cents...Very Very fishy.. Cash of over $430M RMB yet borrow about $50RMB from bank.. Very Very fishy.. Anyone got any ideas how to take over the company!!! U will be rich if takeover successful and the cash is real in the bank.. OK... me going to invest 200 lots at 3.5 cents...
marcus, it may look fishy but in China and in SG, companies may take up loans in order to maintain relationship with the banks. Anyway, the Fibretech loan is small -- just rmb50 m, which is less than S$10 m Singapore dollars.
Either 500% return or nothing! 500% return if the cash is real. Chairman is not doing this job at current price. Lost 100% - Another S-Share in SGX that make use of loop hole in SGX to raise $$. Spent it and run road. Casino betting - Current share price suggest 80% cash is not real.
If the cash of 15 cents is not real, well, the stock price of 3.3 cents currently has hugely discounted the risk.
If the cash of 15 c is real, then the stock is a multi-bagger waiting to be recognised. Either the market gets around to loving it, or the company de-lists and offers shareholders 15 cents in cash. That 15 cents offer may be too much to hope for, tho.
The market is not efficient and it's up to Fibretech's major shaerholders + management to do something sensible. The AGM is a few months away -- should whack them with questions!
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