yo RonT,
good piece of jigsaw puzzle.
thank you, most of us are using this thread for academic purpose.
glad u made some kopi $$$.
in your case, are you vested in any of the recycling/ environmental companies subsequently?
Rontan wrote:I used to hold this counter, m quite impressed with their business, you know, recycling is a hot topics these days. And of course, the carbon credit thing, seems promising. However, after attending the last AGM, my view change and I have since disposal off all my shares, with a little kopi money..keke..
And if u want to know why I have a changed mind..okie...I can share, but this is purely my own view hor...
Reason 1 - The carbon credit stuff is not going to be a big revenue contributor for EcoWise. It may not even be recurring. This is very technical, and I am not a technical person. In short, a company will need to "save" some credit and then sell it to others that need more credit. This is not a product that you can produce and sell. It is more of a by-product. (Note: my understanding may be wrong as I have said I am not a technical person)
Reason 2 - They have stock option for staff, well that is okay. But what surprise me is that the exercise price is $0. The management said that they will give stock options if "certain" targets are achieved.
Reason 3 - When a very very senior staff of the company was asked on what he thinks the fair value of the share price should be, his answered that the company share price should worth $0.XX cents, using a PE of 15. I hope the ah pek and ah mam shareholders do their homework first before throwing their hard earned money in. For SGX counters, many solid, big cap companies don't even command a PE of 15.
Above are based on my recollection of the AGM which happened a few months back. Anyone here attended the AGM would like to confirm or counter the above?
San San wrote:diverting the topic, here's sulo: http://www.sulo.com.sg
do you see those colorful collector bins, spouting like mushrooms, planted near our estates? the singapore operation company altvater jakob is the operating entity of Sulo who has merged w Veolia regionally.
San San wrote:yo RonT,
in your case, are you vested in any of the recycling/ environmental companies subsequently?
Users browsing this forum: No registered users and 9 guests