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Old 07-05-2015, 07:38 PM   #1
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*Official* CosmoSteel

Huge drop today. Anybody know why?

Not vested.
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Old 07-05-2015, 08:42 PM   #2
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Profit Guidance Announcement
http://infopub.sgx.com/FileOpen/Cosm...&FileID=348650

It writes...

Based on the preliminary figures, the Group expects to record a lower profit for 2Q2015 and HY2015 as compared to the previous corresponding financial periods, mainly due to a decrease in revenue from customers in the Energy Sector on the back of flagging oil prices, the potential impact of which was earlier disclosed by the Company in its financial results announcement dated 4 February 2015.

Further details of the Group’s performance will be disclosed when the Company announces its unaudited financial results for 2Q2015 and HY2015 on or before 15 May 2015.
Query on Trading Activities
http://infopub.sgx.com/FileOpen/Cosm...&FileID=348651
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Old 07-05-2015, 09:34 PM   #3
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The drop today is heavy and steep

I believe this stock has hit its 52wk low for today

Question is, will it continue to drop especially after the announcement has been made, that lower profits are expected ?
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Old 07-05-2015, 09:48 PM   #4
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this is quite scary today! let's see tomorrow how it goes...
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Old 07-05-2015, 10:51 PM   #5
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Will need to do a check on its fundamentals. If it is intact, it would be a good opportunity to be vested.
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Old 08-05-2015, 09:13 AM   #6
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Going up today
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Old 08-05-2015, 02:19 PM   #7
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Huat a!! Haha
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Old 08-05-2015, 02:26 PM   #8
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Drop to 0.22 alrdy

52 weeks low liao
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Old 09-05-2015, 08:43 AM   #9
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Further in the lows as it closes at 0.21, down 0.05 or 19%
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Old 10-05-2015, 10:39 AM   #10
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Further in the lows as it closes at 0.21, down 0.05 or 19%
Profit warning announced previously. Wonder how much insider have been dumping 😱
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Old 11-05-2015, 10:26 PM   #11
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Those that shorted on the first 2 days huat...
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Old 11-05-2015, 11:20 PM   #12
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The interesting thing.. it's just profit warning only.
Lower profit
Also not loss...

Is this drop justifiable?
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Old 12-05-2015, 06:33 AM   #13
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The drop, to me, not so. It is too big.
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Old 12-05-2015, 07:03 AM   #14
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The drop, to me, not so. It is too big.
If you think the drop is too big, not justifiable, does that mean you will be vested?
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Old 12-05-2015, 09:08 AM   #15
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If you think the drop is too big, not justifiable, does that mean you will be vested?
Nope...Why ?
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