"results are out!!"

That's the sms that I received from my buddy Pingwen yesterday during my lunchtime. My gut feeling was right that results will be out either on last sat or monday (yesterday).... And my gut feeling about my results was right....




Reported earnings were in line with the heavily reduced revised expectations announced a few weeks ago. Semester-on-semester growth was -200%. Speculations in the market is creating downward pressure on the price of "nomis" shares. Yesterday's high volume trading saw "nomis" market capitalization being shaved off by almost 50%.

According to a long-standing analyst of "nomis" share, he was unperturbed and unsurprised at the recent events: "Nomis share prices were seriously overestimated. Price to earnings ratio was more than twice the industry norm. The high share price can be attributed to luck as well as heavy reliance on past trends for future projections of earnings. However, this level of share price was unsustainable. There were over-expectations of future growth amidst a tighter and more competitive market. I expect share prices to dip even further over the next 6 months as the market tries to rationalise Nomis's true performance potential. "

Brokers scrambled to cut their losses and began to embrace the new darling shares of the stock market. Consensus recommendations are as follow:

Shares to hold: Wendee, JIT, Kacheng
Shares to buy: Rachy, Ningzzz, Snowman, Tunz
Shares to sell: Nomis

Reported by Leuters.





haiz..... really sad and moody.. what to do? Stay at home and play games loh...