Raffles Education

Gold
Visitor

11 years 8 months ago #10686 by Gold

Replied by Gold on topic Re:Raffles Education

I don't get it -- how can Raffles cite those reasons for cancelling interim dividend? These are non-cash items!

In the light of the Group's overall loss for the financial year ended 30 June 2012 ("FY2012"), as reflected in the unaudited financial statements of the Company for FY2012 announced on 24 August 2012 (which loss resulted from, among other things, impairment of goodwill and fair value loss on investment properties due inter alia to the disposal of a total of approximately 670 mu of land and properties thereon through the transfer of all the equity interest in Langfang Taitu Real Estate Development Co., Ltd (å»åæ³°åæ¿å°äº§å¼åæéå¬å¸) (the "Disposal")), the Board has resolved that it would be prudent and in the best interests of the Company that the Interim Dividend should be cancelled.

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Kiasi
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11 years 8 months ago #10689 by Kiasi

Replied by Kiasi on topic Re:Raffles Education

After much monitoring, found that it is a weak company with poor corporate governance, though it is a good business model. Company can't uphold itself in logical decision making. Just look at the land acquisition issues and the past $30million loan by director to another company last year! Had given up hold and cut losses on the stock and gone to other. Good luck to all.

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silver
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11 years 8 months ago #10701 by silver

Replied by silver on topic Re:Raffles Education

Stock price didn't get hammered today. Reason is, the interim div to be cancelled is only 0.5 cent.

Don't make mountain out of molehill

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Guest
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11 years 8 months ago #10702 by Guest

Replied by Guest on topic Re:Re:Raffles Education

Attend the next AGM and wack management. Anything suspicious coming up?

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Educator
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11 years 8 months ago #10703 by Educator

Replied by Educator on topic Re:Raffles Education - when good buy?

No wacking lah. As a contrarian, I would like to see if Raffles can be a good buy at a certain price level. How about 25 cents?

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Johnny
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11 years 8 months ago #10716 by Johnny

Replied by Johnny on topic Re:Raffles Education

In the past 10 trading days -- Raffles has gone from 37 to 32.5 cents.
Down 12%.
I am a buyer at below 30 cents. Who is going to join me???? :-)

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