(Stocks Discussion) SGX: AusGroup (SGX: 5GJ)? - Seedly
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Gabriel Tham

Asked on 11 Dec 2019

(Stocks Discussion) SGX: AusGroup (SGX: 5GJ)?

Discuss anything about share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell this stock on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment

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Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 11 Dec 2019

This company doesn't even making any money. Revenue has been declining for a decades!. Shares dilution 7x for the past decades. Cash flow is negative as well. I think generally anyone see this, will give it a skip.​​​

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Choon Yuan Chan
Choon Yuan Chan
Level 9. God of Wisdom
Answered on 12 Dec 2019

Company is an oil& gas contrractor supporting the oil &Gas producers in Australia. In rcent times, oil majors in Australia has fallen in hard times and this has affected the company as well. The company is heavily leverged similar to its sister companies of Ezion. To me, the company is highly leveraged and losing money because its CEO had betted big and went wrong, furthermore they adopted Ezion's method of being aggressive in recognising revenue in the past years and now is paying the price of having to do impairments to reverse their aggression.

A very bad company (similar to Ezion), another con job that is present in the SGX which SGX should have red-flagged when revenue was aggressively recognised

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