CHINA FIBRETECH . A multi-bagger you can't ignore

peterlynch
Offline
Senior Member

12 years 1 day ago #8885 by peterlynch

Replied by peterlynch on topic Re:Re:CHINA FIBRETECH .

pls ask management what specific plans they have to increase revenue and profit. Also, why did they only buy back 100,000 shares worth $3,500 and not more? Since they have so much cash, what about paying a special dividend? THe building that they have already laid the foundation and have stop construction, what do they intend to do about it? Thanks

Please Log in or Create an account to join the conversation.

lisa
Offline
Junior Member

12 years 9 hours ago #8903 by lisa

Replied by lisa on topic Re:Re:Re:CHINA FIBRETECH .

Gentlemen, any updates from AGM?

Please Log in or Create an account to join the conversation.

niadmin
Offline
Moderator

11 years 11 months ago #8910 by niadmin

Replied by niadmin on topic Re:China Fibretech AGM

Dear Lisa & all, NextInsight will publish a report tmrw at 1pm. Look out for it.
[hr]
[lisa 30-04-2012]:
Gentlemen, any updates from AGM?

Please Log in or Create an account to join the conversation.

relaxing
Offline
Elite Member

11 years 11 months ago #8925 by relaxing

Replied by relaxing on topic Re:CHINA FIBRETECH . A multi-bagger you can't ignore

Thanks to Admin for reporting C Fibretech AGM. Pathetic only half dozen or so shareholders attended. I wish I was there to see Jason Wee grille the CEO/Mgt. Just from this report you can gauge the direction of the company.
I take the financials in the annual reports on face value if they are signed off by a reputable auditor otherwise I should only buy blue chips. Hence I have to believe the cash is there at the time when the external audit was done , which is end of 2011.
When asked why they need to keep so much cash , the mgt said they may go upstream or downstream. This is what I fear most in S-Chips, namely CEOs who are not competent enough to venture into biz outside their areas of expertise just because they have a cash hoard in front of them.

Please Log in or Create an account to join the conversation.

lisa
Offline
Junior Member

11 years 11 months ago - 11 years 11 months ago #8941 by lisa

Replied by lisa on topic Re:CHINA FIBRETECH . A multi-bagger you can't ignore

The link to the China FibreTech AGM is found here [url=http://www.nextinsight.net
/story-archive-mainmenu-60/916-2012/5211-china-fibretech-qits-ridiculous-that-the-market-is-pricing-it-at-less-than-4-centsq] nextinsight.net/index.php/story-archive-...t-less-than-4-centsq [/url]
After reading the article, these are my thoughts. In the article, it is stated that Jason Wee (a shareholder and a former top-notch analyst) was voicing out the discontentment of all minority shareholders. My sincere thanks to him for helping out with the minority shareholders. Yes, he got some answers from management. Cash hoard is for M&A activities either upstream and downstream. Dividend is elusive. Even the Independent Director cannot do anything. May I ask the purpose of the ID, is he there to assist minority shareholders or to make sure that the Company is running well? Given that, does he think that having such a huge cash hoard is justified?
So after speaking out, what can minority shareholders do?
Minority shareholders have a mini-victory at AGM? Shiok only. So now what?

Last edit: 11 years 11 months ago by lisa. Reason: .

Please Log in or Create an account to join the conversation.

peterlynch
Offline
Senior Member

11 years 11 months ago #8951 by peterlynch

Replied by peterlynch on topic Re:Re:CHINA FIBRETECH . A multi-bagger you can't ignore

management has completely no idea how to go forward to increase sales and profit. 'upstream OR downstream'? they can't even decide. clueless. i am glad i got out. whatever cash is there, it will be squandered instead of contributing to shareholders' equity. it's a matter of time.Again, what do you do with a rotten apple?

Please Log in or Create an account to join the conversation.

Time to create page: 0.216 seconds