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Think about it. Lowest price for this stock 0.5, even if it drops to 0.4 u lose 20% if the outcome of audit is fine TP rm1.5 that is 300%, the risk and reward so attractive. Any reason to still panic selling?????! Drop more scoop more
What “IF” u bought at 0.5 and it fell to 0.3? U lose 40% . Then u will ask, how much more can you lose? Answer is everything if it defaults in its payment
Not all of you are risk taker, just buy if you trust. I have no time for company that give 5-10% dividend every year. This risk and reward ratio works for me H9e
I would deem the POSITIVE outcome of audit, improbable. However, even if u don't believe in technical analysis, fundamental analysis would suggest it is undervalued. I have full faith of KPMG on the alleged misconduct against Serba for not holding its own which ultimately makes our financial markets more trustworthy. With that being said, is Serba worth way below what it is marked at? Absolutely not. People would invest or sell according to market sentiment. At the end of the day, it has strong earnings and a well balanced use of equity and debt to fund operations. People would invest if they believe it will yield returns and conversely sell their position due to management issues.
big accounting firm shop lot ground floor..medium size shop lot 1st floor..i predict no GF firm will accept the appointment..most probably will go for 1st floor firm
