Reply to @vincentwong10 : Yup! If a company really wants to be fraudulent, they could still find ways to do it and escape detection by the auditors. In history, we already have enough such fraudulent cases overseas (Enron and one of the big five auditor Arthur Andersen scandal) and even in Singapore (there was one case which I forgotten the name of the company), needless to mention several fraudulent S-chip companies as well. Thus, even audited financial statements are not insured 100% against fraudulence though an audited statement is at least better than an unaudited one with reasonable sufficient due diligence checks done on the former.
So you have gone back in to AEM? I also own this, and added during the recent pullback. I like the bonus issue too and will hold it for longer term. I hope to own 1m AEM post bonus issue.
I holding on to it too. hope didn’t make the wrong choice for the buy.
Reply to @vincentwong10 : Holding on to both. Was referring to Delong. hope nvr vest wrongly. Lol
Vincent, r u still holding on to Delong? i have a friend in IN also holding, can huat?
Reply to @vincentwong10 : Yup! If a company really wants to be fraudulent, they could still find ways to do it and escape detection by the auditors. In history, we already have enough such fraudulent cases overseas (Enron and one of the big five auditor Arthur Andersen scandal) and even in Singapore (there was one case which I forgotten the name of the company), needless to mention several fraudulent S-chip companies as well. Thus, even audited financial statements are not insured 100% against fraudulence though an audited statement is at least better than an unaudited one with reasonable sufficient due diligence checks done on the former.
So you have gone back in to AEM? I also own this, and added during the recent pullback. I like the bonus issue too and will hold it for longer term. I hope to own 1m AEM post bonus issue.
Reply to @sumeria : should have atleast 20% an annual appreciation per year with stable cash it generates. not including growth.