Asia Resources Share Discussion Threads

[21simthy] 15/12/2009 18:44

I see fixed deposits of 34mil MYR but borrowings for 70mil myr.

I asked earlier in the thread about the accounts but got no answer,
i'm sort of guessing but it looks like all the assets are matched
and more with debt ?

[pajor1952] 15/12/2009 18:03

1p next week i told you to get out mike

[mike_f] 15/12/2009 15:28

lqs, exactly... no logic... must rise!

[lqs] 15/12/2009 14:56

Am I converting properly. I calculate cash per share is 4p with PE ratio of 4.
But the shares are just 2p to purchase.

[mike_f] 15/12/2009 14:44

QUIN, PCX looking like its about to push north! GL

[mike_f] 15/12/2009 13:28

BTW you looked at PCX as well? Also look very cheap after recent fall... GL

[mike_f] 15/12/2009 13:26

QUIN, exactly the reson i bought in, cant see how the fall is justified... large sells no and again of late but buying has been good enough to counteract that! Must see a bounce here soon IMHO. GL

[quinan] 15/12/2009 11:55

Hi 21 I must admit I have not look at this in depth as yet, just on the balance of income profit and net assets compared to share price Also gold stocks IMHO have been overlooked at the mo due to the financial market turmoil.

And if you want to be a chartist it might suggest a double bottom has formed ??

[21simthy] 15/12/2009 11:39

Debt as well quinan !

[quinan] 15/12/2009 11:32

Morning Mike do you know what the support is here? I am looking but can't understand why the fall? I have just brought 80K with over £10mln worth of assets this is looking very cheap?

[mike_f] 14/12/2009 13:41

Crazy fall on 1 sell... share price moves on little volume as shown!

[mike_f] 14/12/2009 09:10

See if we can continue the bounce north today... cheap at current levels... GLA

[mike_f] 11/12/2009 16:25

5.3% up... good turnaround here! Positive close and hope for a good week next week. GLA

[mike_f] 11/12/2009 11:50

Opened up lower this morning... few buys and we can keep pushing north... GLA

[mike_f] 10/12/2009 10:45

Good to see a rise here today... long way to go yet... strong bounce on the cards. GLA

[mike_f] 09/12/2009 20:05

pajor, how do you come to that conclusion? Look at the last results... very positive, the big sell a few days ago sparked the fall but i can see a good bounce on the cards here! Fall way overdone and on no news! GLA

[pajor1952] 08/12/2009 17:09

get out why you can this one is finish

[andrbea] 27/11/2009 15:38

have no answers 21simthy

just reckon 'should recover in time'

uptick just now


nia dyor

[21simthy] 26/11/2009 13:55

Did you read my questions andrbea ?

NAV seems to be over 30 million but but quite a bit of debt too ?

Can buy today, well 50k max at 3.31p.

[andrbea] 26/11/2009 09:08

18%
price collapsed last week on the back of a 1 mln sell (just 1 seller?)

maybe distressed, forced?

if so, no reflection on the company

Company keeping quiet about the fall, which is wierd (or ... reassuring). ;-)

nia dyor

[21simthy] 25/11/2009 23:04

Strange stock.

Been looking at it, took me an age to work out the currency v uk pound.

I make it they made £300k in the interims but am i blind or do they issue
interim results but no final results ?

The accounts is way over my head so dont know what i'm looking at but the
price of gold has shot up and they make profits and seem to generate cash !

People were piling into this the other day but nobody seems to be posting
about it, maybe some others could offer their thought, is it a bargain or
is it a can of worms ?

[newswseller] 25/11/2009 16:19

Thanks, Strange TDW won't even let me buy £100 quids worth but seen buys of 20k go through since then. Left a fill or kill at 3.02p so see what happens

[21simthy] 25/11/2009 16:04

Newswseller.

Selftrade has gone down or slow.

It was 500k bid no offer last time i checked.