Dentie correct me if I am wrong, but I thought SeaDragon actually commissioned this report and paid
for it ? Thought I read it somewhere but not sure now.
I sincerely hope this company does well and I will continue to watch it.
Discl: Not holding
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My point was simply about Balance's obsession around companies that dare to list through the back door ... and the different reasons why they do it ... not the financial results or forecasts. Balance seems to have this view that any company who lists through the back door are nothing more than sh#t. Whilst posters are entitled to their opinion, I get a little tired of seeing them saturate a thread with their own relentless "hatred" (so to speak) of a particular stock or a particular Director or CEO etc ...taking it upon themselves to be the sharetrader policemen or whatever. The simple answer is .... if you don't like stock - FOR WHATEVER REASON - don't buy it!
Are you trying to insinuate that only those who support a stock are allowed to comment on the stock/company?
It will be a cold day in hell when that happens, my dear Dentie because that's exactly the attitude which allowed the scam artists like Plus SMS, Blue Chip Financial Services, Bridgecorp, Nathans Finance, Lombard Finance etc to flourish for a time. There are investors who committed suicide as a consequence of these crooks - because too many were cowed by their legal threats etc.
Trutivity makes an absolutely valid point - window dressing financial results falls into the realm of deceiving behavior imo - why would a self-respecting company operating above board want to do something like that?
I guess the fact that they did a backdoor list tells you a lot, if you care to look more closely.
Good catch, Trutivity.
Here is an example of what is in my previous post...
Are you saying "unpaid for" research done by the likes of Morningstar, Forsyth Barr & others should be relied upon for making an investment decision?
Whether it's paid for or not by the "Client Company", how long do you think Edison (& other research companies) would stay in business if their research was inaccurate or subjective?
SEA shares are currently below 2c. The trading results for the first 6 months (Sep 13) actually seems to show a $219k net profit on $2m sales. I could be wrong though.
As an investor, I'm happier with this result - than with the like of XRO's result - who's current share price has dropped like a stone (and rightly so!) from a ridiculous $45 on a trading result of $17m loss on $30m sales for the same period.
Still missing the point Balance .... so I'll write it slowly ... you decimated the SNK thread because you went on and on and on and on and on and on and on and on ...(get the picture) ...and on and on and on repetitively until most people left because they obviously got sick of reading your same obsessive stuff about how they (SNK) dared to list through the back door. I got your point after the second or third post you made on the same subject.
Feel free to post until your heart's content - just please try and refrain from attacking these companies with the same repetitive and echoing diatribe. We get it....you don't like firms who list in this way. Or better still, instead of using the threads to vent your spleen, why not contact the Company's concerned and the NZX itself and demand this nasty type of listing stops? Most people who dare to get involved in commerce get burned at some point in their lives...that is the way of our world today. The clever ones learn from that ....
I'm not trying to insinuate anything and I'm not trying to shore up anything either...but yes, I am a holder of SEA. I am not a trader either...long term only for me.
As I mentioned back along...the main shareholder contention is around the number of shares on issue and at the last meeting I brought it up with Tim Preston. He acknowledged this but said they are not too worried about this at the moment - although they may probably look at a reverse split a little bit later on.
In respect to capital raising, they have not long completed a round of this and were well oversubscribed. They have ample funds to do what they want at this stage. Their new purpose built factory is on target and demand for their product outstrips supply.
Why be enlightened by others? Why not enlighten yourself and take the time to do your own research - or "DYOR" ... as so many say on sharetrader?.
I see SEA as a growth stock - just as I saw PEB was when I invested 6 or 7 years ago. Difference is, I don't think I am going to have to wait 7 years to start getting a yield off SEA.