Serious SPH share price at 20-year low

Ng Yat Chung is Exhibit A when it comes to how LKY had fucked up the country... specifically, the SAF scholarship system.

Other things: 'Stop at two', 'Speak Mandarin campaign' etc.

And yet a horde of buffoons queued for many hours to ogle at his coffin in 2015. :roflmao:
 
Share price reached new low of $1.28. Cash rich company, but lacking ideas to grow.
 
Shit company. Thoroughly enjoy watching it crash and burn. :cool:
 
Good thought. From sinking shipping companies to downing jets.
Good for this CV. All rounder - his face, his stomach etc.

I think he'll make an excellent 4G Sinkieland PM. Much better than Fumbling Stroke Heng or Storeman Kee Chiu.
 
How far south will the price drop ?
Up to a month ago, I used to think it will not drop to $1. I've changed my mind.

According to insiders, staff morale, including those in mid to fairly senior management levels, is at all time low. The common feeling is those in charge have not come up with solid ideas and solutions to reverse the company's fortune despite the $1b war chest it has. The top 2 leaders CEO NYC and Dy CEO AT are like fish out of water. NYC is looking after commercial property investments, leaving the media business entirely to his deputy, who also dabbles a little bit here and there investing in old aged homes, tuition centres using his past knowledge as civil servant in MOH. There is no coordinated or coherent business growth strategy. Confused staff complained he is "picking up little toys everywhere" and not knowing what to do with them.
 
SpH has $950 millions in bond issues... and cashflow is now near Zero...hong gan liao.
 
SPH drop because insiders already know of the coming rights issue..maybe at 1 Dollar

alot of insider trading among the elites.
 
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