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CMQ - Chemeq Limited

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Re: Chemeq ?

Intraday charts show that Chemeq's high was about ten minutes into the day's trading and it didn't trade at that price again for the whole day. An opportunity for daytraders to make profits with well timed trades while the stock finds its new S/R levels after the capital injection but for the rest of us, I wouldn't touch it with a barge pole until there's some consolidation at the new price point. Maybe an opportunity for the speccie hunters among us, but those would have generally bought prior to the trading halt.
 
Re: Chemeq ?

I don't like the loan. Not much money put in, too many fees and control of the company has been handed over. Too many caveats and if one payment is missed or one deadline is missed those "saviours" will steal the company for nothing. I would be very hesitant as a long term investor.
 
Re: Chemeq ?

Opened 1.91 ... closed significantly down at 1.75

Looks like the initial rush of confidence in the financial "lifeline" might have tapered all of a sudden.....

Not touching this one (if ever) till a REAL positive outcome eventuates.

AJ
 
Re: Chemeq ?

Like knobby22 I see lots of risks with the loan for investors in Chemeq. However, as I understand it these loans have been made under these nasty conditions before. Can anyone give examples of companies who have taken these loans and what was the outcome for shareholders.

Bingo
 
Re: Chemeq ?

Hmmmmm,

LT downtrend still intact, further dilution of shareholder capital, no clear outline of expected profitability or to what capacity/what sales are required to at least reach a cashflow neutral state.

And now (dare I stick my neck out) another dead cat bounce.

If there are CMQ believers out there, please give me an idea of why you bought & why you continue to hold, becaase for all the chatter I can't work out why.

Cheers

Mofra
 
Re: Chemeq ?

Slip, slip, slipping away to $1.60 now....

btw Mofra, how many times can a dead cat bounce? ;o)

AJ
 
Re: Chemeq ?

AJ,

Well they seem to need to raise capital every 6 months or so....
 
Re: Chemeq ?

I'vbe heard of quiet a few people here in the West that have put in $100K + into Chemeq, with some investors it has been thier SuperFunds..I hope it recovers to previous highs and beyond for thier sake..
 
Re: Chemeq ?

Well if they have been in for a while thats painful.
Why would you hold a stock that loses 80% of its value?
Particularly if your super looses 80% as well thats $100K to $20K--OUCH!
 

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CMQ - whats up ?

Stock Bid $ Offer $ Last $ Change* Open $ High $ Low $ Volume
CMQ 1.780 1.790 1.780 +0.150 1.620 1.800 1.580 801,771


Whatsup with CMQ ?

was 1.60 one second then 1.80 when i next looked just then?
 
Re: Chemeq ?

The Barbarian Investor said:
69c

"Ouch"..

This was touted as a $30 stock to be when listed?
Click to expand...

If i remember rightly it was 15c to 20c in the float in 1999 or real early 2000..it has been a disaster and it has been one of the most difficult ones to read....even the most savvy has been left dumbfounded but the savvy would understand diversify...diversify and diversify and it would have saved their capital and the loss would have been used to offset any cgt gains.

I dont really think it is entirely over for this stock as it has something that is real and it sells and it has the patents and there is a huge market for what it produces and hopes to eventually produce...at the moment it is timing but the history of the stock says it is so risky just when it looks safe to go back in the water another equity raising to save it turns up in the waves and each time their seems to be an expensive catch to the cost of the finance to shareholders....
 
I can not believe what I have read in the Chemeq annual report issued March 1, 2006

Revenue $1,415
Cost of sales ($57) --- very low!!!
Gross profit/(loss) $1,358

On 23 September 2005, the company signed a $1.4 million sales order with its key South African distributor Inviro Animal
Health Solutions CC.


Balance sheet (mils)
Cash $41,709
Trade and other receivables $458
Inventories $1,781

Revenue (mils)
Sale of goods $63
Finance income $1,352
Total $1,415

Revenue looks like very few sales and all interest income from $41 mil in the bank

Why is inventory so high for few sales?

Your opinions please
 
CMQ will plumb 10 cents by year's end in my ever so humble opinion.
The company cannot explain how it can make a profit!
It will only be 10cents because it has a lot of cash on hand, and has a facility that I assume it largely owns and could be sold off.
I have followed this stock for 4 years, closely.
It presently has no redeeming features whatsoever.
Moreover, there could be dishonesty about the "income" from South African sales - I thought that was squared away over a year ago.
Avoid CMQ like the plague until it has an earnings base that is transparent - not likely for at least 12 months.
 


Hi folks,

CMQ ..... just a quick note here, as we analyze Chemeq,
a stock which was riding the crest of its popularity
in June 2003 .... a stock that has now reached
critical lows.

Highest close for CMQ was on 16062003 = 810 cents.

03032006 has just seen CMQ reach a new low,
at 49.5 cents and a 50.5 cents close.

Can CMQ go lower ... ??? Sure can, if 49 cents
does not hold, then next critical support would
be around 30 cents ..... !~!

-----

Whilst most traders would consider buying into CMQ,
akin to catching a falling knife right now, there
are other indicators to suggest that we should see
a bounce off the lows, this week.

Firstly, we saw an ambush set just below 50 cents on
Friday, where willing buyers sent the volume higher.

Next, this came at the end of an extended candle count,
from the 12122005 highs to 03032006 lows around 12,
with the price plunging into a typical V-bottom, since
a long cycle, on 15022006 ..... see CMQ chart.

Finally, our time cycles indicate a spotlight on CMQ
this week, around 09032006 ... some BIG news ahead ???

..... that $30 million in cash, must be of value to
somebody, soon ... yes ??? ...

happy days

yogi



=====
 
I think Chemeq will be a better looking company in six months.
It seems to have solved its factory problems but now needs to win some good contracts. Everything is taking longer than hoped though. Price could go lower yet and the creditors can still decide to take this company at any stage. Very high risk.
 
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