Cacola Furniture

Re: Cacola Furniture

Postby millionairemind » Wed Oct 29, 2008 5:06 pm

Anybody care to fashion a reason Y Rainbow Champion Limited is buying it at 20cts instead of from open mkt??

The TowKay want to run road is it?? Like China Pant and Die??

http://info.sgx.com/webcorannc.nsf/0357 ... enDocument
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Re: Cacola Furniture

Postby millionairemind » Thu Oct 30, 2008 10:26 am

Those vested might want to take note that a substantial shareholder is busy selling shares...

http://info.sgx.com/webcorannc.nsf/37e9 ... enDocument
Last edited by millionairemind on Thu Oct 30, 2008 10:32 am, edited 1 time in total.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: Cacola Furniture

Postby iam802 » Thu Oct 30, 2008 10:30 am

different name, right?

name of substantial shareholder: Lim Youk Ching
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Cacola Furniture

Postby millionairemind » Thu Oct 30, 2008 10:32 am

Paiseh paiseh.. you are correct... I amend the thread.. Tks..:) :oops:
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: Cacola Furniture

Postby millionairemind » Fri Oct 31, 2008 4:07 pm

This stock is facing repeated selling..

The price/volume action is telling a VERY DIFFERENT STORY from the known fundamentals thus far.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: Cacola Furniture

Postby millionairemind » Thu Nov 13, 2008 11:12 am

"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: Cacola Furniture

Postby iam802 » Tue Nov 18, 2008 1:58 pm

From Phillips Securities:

Cease coverage. We have decided to cease coverage on the Group due to the lack of insight with regards to the procurement of the land use rights and/or building ownership certificates for the production facilities and the land on which they are built on. We also remain concerned on the profitability of the Group's distributors and the delay in the Chongqing mega store.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Cacola Furniture

Postby Blackjack » Wed Nov 19, 2008 11:10 pm

OCBC revises fair value to $0.095 as well. Their staunchest support for months till now.

http://www.remisiers.org/research//Cacola-081119-OIR.pdf
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Re: Cacola Furniture

Postby millionairemind » Wed Feb 04, 2009 9:09 pm

February 4, 2009, 7.24 pm (Singapore time)

Cacola warns of lower FY08 profits


By ANGELA TAN

Cacola Furniture International Limited on Wednesday warned that it expects to report a lower profit for the financial year ended December 31, 2008 due to specific bad debt provision made on trade receivables.

More details of the group's performance will be disclosed by March 1, 2009.
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Re: Cacola Furniture

Postby millionairemind » Sat Jul 11, 2009 10:21 am

Another crap company..

Published July 11, 2009

Trading halt for Cacola

By MICHELLE YEO
CACOLA Furniture International yesterday requested a trading halt of its shares following disclosure a day earlier that a subsidiary was under pressure to pay HK$21.4 million (S$4 million).

On Thursday, the company said that its subsidiary, Cacola Holdings, had received a statutory demand for HK$21.4 million from solicitors acting for IW Asset Management. IW is claiming the amount with interest at the rate of 8 per cent per annum from April 23, 2009.

IW warned that if payment was not made within 21 days from the date of receipt of the statutory demand, it may start winding-up proceedings against Cacola Holdings.

Cacola said that the statutory demand was not expected to have any material impact on the group's performance for FY 2009. Based on the information available to-date, the group will be able to continue as a going concern and has sufficient net current assets to meet its liabilities, it said.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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