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Stocks Discussion
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Anonymous
Asked on 17 May 2019
(Stocks Discussion) SGX: Magnus Energy Group Ltd (SGX: 41S)?
Discuss anything about Magnus Energy Group Ltd SGX: 41S share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell 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 in Magnus Energy Group Ltd SGX: 41S
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Magnus Energy Group Ltd is an investment holding company, supplies products and services for oil and gas, shipbuilding and offshore fabrication, petrochemicals plants, marine, and environmental waste treatment industries.
Again, revenue declined over a decades! And worst still, loss making for past 6 years! Is the trading halted for this company?
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Magnus energy recently went into shareholder dispute where minority shareholder gathered together 10% of the total voting shares to try to dismantle the board of directors and the CEO. The company itself has been destroying shareholder value and has been very unfriendly to shareholder; even when profits came no dividends
Will strongly advise to avoid this stock
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Avoid if possible. Boardroom battle and shareholders are suing current and former directors over breaches of duty. Suspended trading since August 2019 too.
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