Abterra -- Good deal ?

Joes
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13 years 11 months ago #3818 by Joes

Replied by Joes on topic Re:Abterra -- Good deal ?

Market is not perturbed by the latest announcement that the idea of a dual listing will hv to be revisited next year. Stock is steady at 6 cents. I think this year would be a good year for Abterra considering the various corporate developments they hv announced in the last six months or so.

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Joes
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13 years 7 months ago - 12 years 10 months ago #4350 by Joes

Replied by Joes on topic Re:Abterra

Broker sent this:

Firstly, Abterra today is trading on a 25 to 1 Consolidated Basis.

Yesterday last trade done was 4cts.

Today, in theory stock ought to trade at $1.00

Yesterday you have 25 lots...today you have only 1 lot.



Now, this morning, at 0859-0900 hour matching time, a whopping 17.294

Million shares was MATCHED at 82cts.

The next done was at 88cts, then 89.5c...



Now it's at $1.28. Volume at 75m. WHY?



The shake-out news...1 red-hair-devil Broker SHORTED 17M shares that it

didn't have at the matching price!

Heard is 401.

Last edit: 12 years 10 months ago by niadmin. Reason: formatting

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Dongdaemun
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12 years 10 months ago #6265 by Dongdaemun

Replied by Dongdaemun on topic Re:Abterra --

Abterra is a puzzling stock.

It is the first company in history to report zero revenue in a quarter. Zero - that's right!
No business whatsoever - but go overheads to pay , such as salaries, etc.

So the damn stock falls from 1.10 to 90 cents within 2 weeks in May 2011.

Suddenly, within next 2 weeks, it climbs and climbs back up to 1.13 now.

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Dongdaemun
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12 years 4 months ago #7704 by Dongdaemun

Replied by Dongdaemun on topic Re:Abterra -- Good deal ?

Took a look at Abterra's 3Q to see how this former market darling has been doing. Profit attributable to shareholders was S$2.1 million versus $6.7 m a year ago.

The profits seem volatile. Difficult to justify the PE of 23X if you annualised the $2.1 million quarterly earnings.

Only thing is, the stock is down to 76 cents. Might be worth picking up considering that the NAV is S$1.10. Anyone has a view on Abterra?

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Dongdaemun
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12 years 4 months ago #7719 by Dongdaemun

Replied by Dongdaemun on topic Re:Abterra -- this is interesting

Today's trading is interesting. Suggests that there is a reason for the buyers to pick up at this price level, right?

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Val
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12 years 4 months ago #7729 by Val

Replied by Val on topic Re:Abterra -- Good deal ?

Yes, it smells like something is brewing. And at current price level, the stock is much cheaper than what the exec chairman Cai Sui Xin paid for many months ago. About $1.10 level..... The trouble is, from a value investing pt of view, the stock is not attractive because the financial performance has been very choppy. The profit for 3Q is down. 2Q no revenue!!!

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