MiltonWong : New low
102765799 MiltonWong: looks like bottoms and will maintain?
MiltonWong 102765799: nope, Q1 losses coming again. its basically 5 straight quarters of losses and another 3 quarters....in 2024..lol 0.01 is imminent
102765799 MiltonWong: oh dear.. sounds really hopeless... no chance of recovery and regaining some losses?
MiltonWong 102765799: not in 2024
103026166 : what does it mean?
MiltonWongOP 103026166: means their current biz model is not working, and the business is going all in to pivot into a new business stream
102765799 MiltonWongOP: thanks for the info! which means their price will tumble?..
MiltonWongOP 102765799: depends on the shareholders approval, and also the expected perception that Q1 24 will be losses as well.
MiltonWongOP 102765799: going down..new low hit
MiltonWong : halted la, not suspension. but maybe in 3 years time may kenna watchlist if 3 years of consecutive losses and market cap below 40 mio (now 49 mio)
MiltonWong : wait for Q1/24 results...confirmed losses. Also no dividends.
102765799 MiltonWong: coming after market close... so should quickly cut loss now?
MiltonWong 102765799: wait for Q1 2024 results and it will plunge further down, given that no dividends and confirm loss also
102765799 MiltonWong: the price seems stable still...?
MiltonWong 102765799: wait till Q1 2024 results out next mth
MiltonWongOP : The Company had declared interim tax-exempt dividend of SGD 0.009 per share in first quarter 2023 and had been paid on 16 June 2023. The Board does not recommend any final dividend for FY2023 as the Group wishes to reserve adequate resources for Company’s ongoing projects and respond to any adverse changes in the macroeconomic environment.
103026166 : what does it mean?
102765799 MiltonWong: went up indeed... too late to average?
MiltonWong : time to open short position again...on JT, not sure how long 0.025 can hold before it goes to 0.020 again
MiltonWong : will you vote yes or no?
bullrider_21OP MiltonWong: I think yes.
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AnaiAnai : avoid.
MiltonWongOP AnaiAnai: oversupply, chemicals companies all losing money....only way to survive i believe is to internally acquire each other, and have a series of M&A activities
MiltonWongOP AnaiAnai: trying to outdo each other by slashing prices, and gaining market share and squeezing each other to bankruptcy is not game theory optimal from a prisoners dilemma perspective