SC Global share price has plunged to 78c from $3.75c in Oct 2007.
SC Global may soon become insolvent.
Thank God I cut my losses at 85c!
SC Global may soon become insolvent.
Thank God I cut my losses at 85c!
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SC Global drop to 78c
- Thread starter Merl Haggard
- Start date
Good on you. Simon Cheong has been trying desperately to talk up the market, giving full page interviews with Today newspaper, Business Times and Bloomberg TV in last few weeks. Since then his stock has dropped from $1.10 to 78 cents. The more desperate he is, the more the stock drops. I still think 45 cents as mentioned in previous thread some time ago, hahaha.
some investors might have lost interest in it and withdraw their funds.
there is a damn hugh drop.
there is a damn hugh drop.
hope it will drop further to like 10 cents
You know why SC Global's shares are being dumped by fund managers and proprietary traders?
SC Global is owing to banks more than 1 billion Dollars he borrowed to finance their purchases of Paterson Towers ($260m), Hilltops ($280m), Ardmore Park ($290m) & Martin Rd ($110m) and to fund their construction.
Some of these banks are calling Simon Cheong to reduce SCG's exposure, but he's unable to sell his above four projects in today's slump market.
Recently in Japan, already two huge & established real estate company went under. So it looks like SC Global may be heading towards the same direction.
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On Wednesday, SC Global will continue to slide based on late depth of market indciations from Tuesday.
Unlike savvy veteran like Liew Mun Leong, Simon Cheong is an arrogant punk who now has to go to the Arabs with his tail between his legs to beg for financing. The Indonesians have had enough of his crap.
Unlike savvy veteran like Liew Mun Leong, Simon Cheong is an arrogant punk who now has to go to the Arabs with his tail between his legs to beg for financing. The Indonesians have had enough of his crap.
And I believe the Arabs don't give a damn to him!
Agree with bro soikee that his SC Global will eventually get taken over or face bankruptcy, if the property market doesn't recover soon enough.
Today a property agent from KF SMSed me to a VVIP preview only for invited guests to the launch of sale of VIDA at $1800 psf along Thomson Rd, in front of Park Infinia.
The fact that he stipulated 'VVIP and blah blah' in this sluggish market kind of offended me. I sarcastically asked him if must I present him my cheque before he let me in to view? Arsehole wasn't sharp enough to realise that I was being sarcastic.
VIDA is very good location. After the buyer signs at $1,800 and see the valur drop to $1,200 psf in one year, he gets heart attack and Mount Elizabeth Hospital is next door
LOCATION LOCATION LOCATION
LOCATION LOCATION LOCATION
Last week Simon Cheong reported that he had sold 30% of 38 Martin Rd at $2500 psf. If this is true how come SC Global has since tumbled down to 68c?
Very soon it will reach Downgrader's forecast of 38c.
By burning away more money !
They are forcing citizens to work for less and longer till the day he dies and no one can sit around and retire early !
They are forcing citizens to work for less and longer till the day he dies and no one can sit around and retire early !
It just close at 0.67 today. Wondering how low can it go.
Just closed at 0.47 on friday, looks like you will get your wish come true at 0.38 come next week.
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