Let's have a separate thread for CCFH. Copied one of our message here to start.
You may want to take note that when CEFC announced biz diversification, share price has been steadily moving up from 0.5c to 5.6c.
So it should be easy for CCFH to move from here and clear 5c in coming week.
Oceangrace,
Albedo is doing very well. Don't know where it is heading toward to.
On CCFH, it's existing children fashion biz is similar to that of Eratat, with high account receivable which is standard in the mkt. So far, it was able to collect back money from customers.
What attracted me is not the current biz but its intention to diversify biz to resource and energy play. It has signed an MOU for a large proj in Sep 12 and has been doing some due diligence. It has also started a trading biz, probably for it to gain familiarity with energy or resource mkt before it does somethg big.
There were some married deals late last yr and in Jan 13. I think the new investors are probably proving the biz connection and pressurising the mgt to make the change.
As its cash is low, I am expecting share placement and perhaps even an RTO down the road. Current price 3.7-3.8c seem bottoming for good pick too..
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