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

  • Lisa
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11 years 3 months ago #12735 by Lisa
come on ! Get moving la!
[hr]
[Fame 15-10-2012]:

Why dont the company just offer 10 cents to delist? They still have 14 cents cash in the company and not counting a business they seem to love so much?

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11 years 1 month ago #13508 by yeng
Hello Zen, you used to post on CHINA FIBRETECH. I noticed the stock had been hovering at 4 cents for most of 2012. Now still at 4 cents. It is a lazy laggard despite this penny rally. I think it is super undervalued.


Wat do you think???

It has net cash of RMB394.5 million, divided by 448 m shares = rmb1 = 18 Singapore cents.

Its stock price is hovering at 4 cents. OMG....Very very sharp discount to its cash.

Investors who pick up this stock just need to wait for the next set of results or 2 more sets of results for a turnaround in business -- and perhaps stock price!!!

I like the company's forward looking statement recently:

"The Group had experienced a slowdown in demand for our fabric processing services in FY2012. However, the management is optimistic that the business will pick up based on the more upbeat customers’ feedback and enquiries received." :-)

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11 years 1 month ago #13509 by Gin
Not sure the cash is real or not, maybe that explains why till now the price is still at 4 cents.

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11 years 1 month ago #13513 by erelation
Company a lot of cash.... share trading way below cash value...

HOWEVER....

1) how come no insider buying?
2) how come no large scale share buyback?
3) how come no dividend declared?

Wonder why why why......

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11 years 1 month ago #13515 by Azzaramich
ask the independent directors. by the way, only good companies seek privatisation because the management knows the intrinsic value.

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11 years 1 month ago - 11 years 1 month ago #13518 by Nava
Should grill the independent directors for not pressuring management to do sharebuy back as the price is ridiculously low.
One of the independent directors in the last AGM stood up said that the cash at bank is verified by external auditors and another one also stood up and said that the company could not do more sharebuy back because of blackout period.
Independent directors are paid to serve the interest of retail investors and should play their part .
If the management is interested in boosting shareholders value should buyback more shares at this ridiculously low price to increase the NTA further on the cheap.
It does not make any economic sense not to seize the opportunity to buy back the shares on the low for the benefit of shareholders.

With very high net cash holding after deducting loan of 17c per share and the share price just at 4 c for most of the year and sometimes going as low as 2.7c,what the independent directors doing to serve the retail investors while collecting their remuneration.

The retail investors should come together and question the management the wisdom of this ridiculously low price when they hv so much of net cash.
If the independent directors cannot look after the interest of the retail investors,they should be booted out.
Its a real nonsense for this counter to be at this price and any wise management will take advantage of buying back the shares at this price to boost the NTA.If the price continues to linger at this price then the management is said to be unfit,dont understand how to maximise shareholders value on the cheap and has explanation to do.

I think we retail investors will be happy if they can just pay us the cash value per share and the major shareholders keep the remaining cash or 17c per share and the remaining assets which may worth another 10c if the retail investors relinquish their rights over the non cash assets and take the company private if they cannot perform according to retail investors expectations.



On the positive note management has sounded that they expect the performance of the company should improve in the future.


I like the company's forward looking statement recently:

"The Group had experienced a slowdown in demand for our fabric processing services in FY2012. However, the management is optimistic that the business will pick up based on the more upbeat customers’ feedback and enquiries received."
Last edit: 11 years 1 month ago by Nava.

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