Ben GRQ's comment on SEDANIA. All Comments

Ben GRQ
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Gogogo. Short term tp 165
cheng
Bought a little and joined as shareholders.
2 Like · 4 years · translate
eng hock ooi
Morning bro cheng. Can share opinion about Sedania? Look like downtrend stock.
1 Like · 4 years · translate
cheng
Hi Eng Hock, yes it is. Bought a little yesterday after looking at its acquisitions and financials. The $15M acquisition of Offspring comes with a profit guarantee of $3.8M for FY2020 and FY2021 is pretty good. As of FY2019, Sedania has approx $17M cash + receivables comparing to current liabilities of approx $3M. Total liabilities is approx $4M. Looking at its financials, the mgmt is investing it’s cash into business that has the prospects to generate profits. If it works well, Sedania financials will turn to black next year. So, it’s calculated risk and worth to take a shot if managed well. Just my opinions, could be wrong. Hope it helps.
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5 Like · 4 years · translate
维光
Master Ooi, morning
1 Like · 4 years · translate
Ben GRQ
Next major resistance at 185..break this then will be in autopilot mode..fly fly in the air..?
Like · 4 years · translate