Micro-Mechanics (Holdings)

[punklitez]

some update:
A) FY16 result coming up ...
Valuebuddies do take note that MM is going to release its FY16 result on 29th Aug 2016.
sgx link

B) Share price dip to 0.76
VB also take note that MM dip to 0.76 on 27 & 28th June 2016 due to selling from it's chair-woman.
The announcement was only released on 10th Aug because she was not aware of the sales.
Sumitri Mirnalini Menon sold 195k S$148,278

C) No mention of impairment?
This one I'm not sure what happened?
FY15 recorded a impairment of $3.5m which is a big un-expected item.
However, FY16 Quarterly report is silence on the impairment.
What could be the reason?
I'll be surprise if another million $ impairment is announced.

Anyway, I had probably made THE biggest mistake in stock:



<v>

 Love Compassion

Hi chialc,

You are in love with Micro-Mechanics? How do you think it will perform in the upcoming results announcement?