(Stocks Discussion) SGX: Spackman Entertainment Group Limited (SGX: 40E)? - Seedly
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Anonymous

Asked on 20 Jul 2020

(Stocks Discussion) SGX: Spackman Entertainment Group Limited (SGX: 40E)?

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 in Spackman Entertainment Group Limited (SGX: 40E)

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Choon Wang

Choon Wang

Level 5. Genius

Answered on 15 Aug 2020

My analysis:

  1. Share price of $0.008 (yes, this is less than 1 cent) tells me to avoid this company at all costs.

  2. It doesn’t make any profit and hence it can’t possibly pay dividends.

  3. Ratios

  • no P/E because earnings are negative (net loss)

  • ROE and ROA are both negative

  1. Fundamentals
  • free cash flow of USD$1.35m as at 31 Dec 2019

  • short term debt of USD$12.85b as at 31 Dec 2019

Debt levels alone tell me they are in a very distressed state and close to bankruptcy. As such, I won’t even look at anything else.

  1. Technical Analysis
  • 1-yr price chart tells me the price is on a downtrend. I wouldn’t buy any stock that is on a downtrend because surely there is a reason it is going down and not up.

  • Average Volume is about 8.72 million, equating to about $52K-$156K value moving in the market daily, which tells me not many people are buying/selling the stock compared to other stocks.

If I am holding this stock, I would immediately SELL before it gets delisted (total capital loss). Otherwise I would not keep this stock on my watchlist at all.

All views and opinions here are my own.

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