Buy @ $0.895
Someone really badly need to sell… likely before results are released tomorrow… I wonder why??
Got me worried to sell the continued selling and at lower prices. Went back to check SGX Annc but no new annc since the positive one on the $25.2Mil secured on 21-Jul. A quick look thro' their Q1 results reaffirms their positive outlook for 2014. The main negative is the $1.5Mil provision made for a lawsuit which they'd lost in China (now appealing).
So, Profitability seems ok. Fundamental-wise, Cash = 34.88ct / share or 32.22ct / share Net of Debts.
A possible negative is the CAD investigations started in Jan-13, but, unless it implicates Snr Mgmt, it's not a major issue.
I guess we'll find out tomorrow when the results are out after mkt closes… Keep our fingers crossed! 😀