Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Luvtradin1. Yes I know the lumber export license is a very important factor in Sulja's business in Middle East, but as long as we have so little information or proof of their recent activities we'd better keep our feet on the ground. For me a report on last 3-4 months and a survey of the near term future are more important than the numbers of the last fiscal year, which we already know.
I hope the management will give as soon as possible all the information the investors need now. Lost confidence is very difficult to regain, and is no way good for the future of the company. They should understand it.
Sandvet. Quote: "A little company with two trucks is either set to become a big player in the world stage", "greatest rags to riches story", "people all over North America and the world are fascinated by this little company in Windsor".
Don't you think you are a little overexaggerating.
These fantasies have been created on this board. Sulja Bros. is still a little building material supplier, who is trying to grow its business abroad. They have made usefull contacts and good progress already, and hopefully will do so further, but do not place far too big expectations on this company. A couple of cement deals or design centers in UAE does not make it a "big world player". They must be ready for very hard competition in that region - there are hundreds of building material suppliers in this world looking for the same business opportunities in ME.
However, it is a good beginning for Sulja Bros., and I would not be surprised, if they will be a "big world player" some day.
Jjtruth. About the web site. Maybe they do not need new customers. They have enough to do (money) with their present ones!
Seriously. There is no need to renew the site right now, there will be big changes in the contents of the site. Apparently in the near future as they have not bothered so much for the site.
As to the blog and the discussion forum I agree. For the time being Sulja Bros. may think those are needed because they do not have any IR people or a PR company. But I think this should be (and will be) changed.
I have seen a system some companies have adopted: in addition to all PRs there is a monthly letter of the CEO to the shareholders, where he explains more exactly what is going on, and a Q&A site, where the company answers the shareholders' questions. No discussion boards on the company site. I think this kind of shareholder information is good and reliable.
How about SLJB = Strong Like Jobbing Bull
Proftstocksny2. I trust the Financials will be what we are expecting. What I am interested in is the current/coming structure of the company. What? With whom? Where? In other words the growth possibilities.
gdb81. Audited financials are not the only document they have to deliver to SEC. E.g. they have to declare the company structure. I would be very very carefull with the wording of that document.
Lorenzo. Yes I know it is tough to have the discipline and make the decision to sell. As to your position in SLJB, I would absolutely keep the 70%/$.07 stake on a different account and trade the rest in present price channel.
If you find a stock with good growth potential and get in at the ground floor prices then buy and hold. And be patient. Wait. Sulja will be a very volatile stock, but is heading much higher in medium/long term.
Do not make stock investing too complicated. Some elementary things:
Protect your capital. Sell half the position if the price doubles.
Do not fall in love with any stock. Sell the rallies and take the gains.
Do not be afraid to sell a stock at a loss. It is better to sell at a smaller loss than keep hoping and hoping, and then finally sell at a big loss. That's why do not avoid selling at loss. In most cases you will be glad you did. "Plan your trade and trade your plan"
Learn to read the chart of a stock. News - positive or negative - have a quite short term impact on the price, but learn to read it on a chart. You will see that is not at all difficult. Good education to begin with you can get from the Stockcharts.com sites.
Needless to say that always do your DD on any stock you plan to invest in.
Good luck!
Airys. .. Drumbeat, please... to your post! I have always (= 6 months now) wondered what a lot of people on this board are talking about. They seem to think that as a CEO of a company - private or public - you just make a business plan schedule in the beginning of the fiscal year or any time frame, and ... drumbeat again, please ... at the end of the year everything has functioned as was planned! You never had to change your plans! People are trying to fit this plan on Sulja Bros., a company in its infancy of a multinational career. Give me a break!
I've never heard about a company - small or big - that has not been compelled to change their plans due to UNFORESEEN factors.
People scold Mr. Petar loosing his CREDIBILITY as a leader when he could not have handled in HIS way situations, where he is only one of the factors, and has no control of the other factors. That's business, folks. You should know it before drawing that kind of conclusions.
Lorenzo. Read my post 132669. There is some advise, which I have followed in my investing career (not in the very first years and that I had to pay for dearly :( ). But I have learned :). Don't be or become too greedy. Good luck!
Rookeeper. Ramadan is over now. The financial markets are working. EMAAR up today 1,7%.
Mksdaddy. This could really be the reason for the recent delay of AF's. During the month of Ramadan the muslims do work, but the end of Ramadan - The Eid - is a two day festival and holiday (Oct 24-25th this year). They spend the time with families and relatives or on pilgrim voyage to Mekka!
If Mr. Vucicevich needed to clear up some mess with UAE/Egypt office during the weekend or Mon-Tue, he certainly could not get it. The Arab directors could not care less about the shareholders' heartache during The Eid weekend.
The business world should start working tomorrow - but not necessarily all even then. So I guess depending on the significance of the problem we must wait untill next Monday to get the audited report.
Klonopin, Syracuseo. Good old advice is to sell half of the position if things get uncomfortable. Even better good old advice is to plan that movement ALREADY when you buy something. Make a decision when you sell the half if things go wrong way, ALWAYS. If the price goes down you buy more, if the price goes up you buy back less, but the other half continues its rise. Disciplin is needed but believe me, this works.
"Plan your trade and trade your plan".
Disagree. It only takes me five minutes to read a set of corporate financials - skim thru most of the notes - pay attention to other liabilities - UNLESS I have to underwrite them.
Especially if those financials come from a newborn company.
I see. Thank you Nick.
Nickulliana. How old is Petar Vucicevitch? About?
HMSD: Stop splitting hairs. He did not say the fins are coming out, he said he was hoping they could come out late Monday. Use your common sense and understand what you are reading.
Gambler. How come credibility?? He said he was HOPING ... and LATE Monday evening. I also HOPE that the AFs will come out LATE Monday evening ... but I also know that
"You can't always get what you want"
- philosopher Mick Jagger
Greenie. I think too that Mr. Vucicevitch is talking about the cement supply chain contracts and not the Abu Dhabi/Ramadan contract. Wasn't there a big East European supplier, who was to ship cement to UAE, and that contract was cancelled?
Chris. There is an iHub board called "Brokers Restricting Online Trading", where you can read others' experience and advice about this online trading problem. Read the Board Info.
http://www.investorshub.com/boards/board.asp?board_id=6401
I think Allinone hinted to the good news coming from the purchase of SAM Building Materials, not to the release of the audits.
Oh,oh. Aren't we a bit crkranky.
Have you ever been inside a luxury hotel? SLJB sells the lumber to the firm who makes the furniture.
Isn't Sulja Bros. working with a project to build a high class hotel in UAE? I wouldn't dream of a luxury hotel lounge, reception desk or hotel rooms with plastic, aluminium or concrete furniture! I remember that they got a deal with Liberia to buy lumber from there for this hotel.
Auditors on the board. What about Sulja Bros. pro forma numbers about their previous activities (already on their web page), don't they have to audit those numbers too e.g. for tax officials? I have seen some posters question the credibility of that document.
Dealerschool. Exactly! Post this message once in an hour to remind the people to stay in their senses, and not to clog the board with useless speculation.
Moderators. You could do the same thing!
That's close what I have been seeing on this board. Not very impressing.
Allinone. (Head into shell) Thank you very much for your hilarious messages. A good laugh is really welcome at these times! (head out of shell, he was happily snoring)
Thank you all for participating to our Sulja Theme Song Contest. And the winner is... drumbeat, please.... XANADU and "Don't stop looking for tomorrow" Yeeehaaa!
(A little bit bored, sigh).
We must arrange a new contest after the AF's arrive and see how the titles change. We can make a potpur CD of our song contest, and listen to it in our châteaus after 20 years...with memories of hard times long ago... Oh, well
Suljak. What about "Don't stop looking for tomorrow" for Sulja Theme Song?
Geesh, or was it next weekend? Now I am not quite sure. Anybody absolutely sure what they heard from somebody?
I heard from someone that the audited financials are expected this coming Wednesday. Anybody else heard any announcement about this?
IH Admin. Matt & al. I have an idea for you to moderate the board. Why don't you establish two boards for SLJB: one for bulls and one for bears. Everybody can read what suits them, and no conflicts to solve for the administrators.
rbl100. Lack of understanding of all the troubles to create a profitable business is sometimes amazing when you read the get-rich-quick demands on the board. Well, let's give Sulja Bros. some time and peace at work, and they will get us rich quite quick. :)
We need not to do much to reach that goal, just watch them do the job.
Offbore. We have heard your opinion about this point, thank you. Now, drop it and don't clogg the board insisting.
Chapco. I have invested in SLJB, but not so much that I have to bite my nails or have sleepless nights - come whatever. I read the board to get the latest information and also the opinions. But I feel bad for people seemly glued to their computer screen and posting anxious rubbish day in day out.
I'll put in SLJB a lot of money after I get the information I want.
Just like jasc73 wrote a few messages ago how some people seem to get seriously OBSESSED in one investment and loose the big picture. And apparently do not understand how dangerous that is in investing world. NEVER EVER invest in anything more than you can loose. That should be understood by everybody.
Berrybck. Yes, I know several companies in their infancy, which have made stupid PIPE financing agreements and diluted their stock in billions, mainly in need for financing but also som skunks fleecing the investors.
Chapco. Could not agree more.
Why are so many people here again so upset? I have never heard about a company - of any size or age - which is expanding their business to new areas and totally new dimensions to go straight to their targets according to the originally planned schedules. Has anybody done so? Everybody knows already in advance that those schedules are subject to so many kinds of factors that delays and changes along the road are unavoidable. Suspicious attacs towards the company missing a pre-scheduled date are ridiculous.
Don't lose the big picture It's amazing how many people seem not to at all understand what it takes to build and develope a PROFITABLE company - not to mention to make it grow further. Apparently they do not have much experience in that area, but for God's sake - do not expect every company to be overnight sensations. If you do not trust the company and its management, fussing and whining does not help. If you do not have patience enough to grow with the company - get out.
Now your imagination is going too wild. There is no way just a one kid of private investment n a company. That kind of PIPE you are touting is used by companies in desperate need of money. That is SLJB not. We have no knowledge of in what way Wessal is going to put their money in Sljb, and have to wait for their audits and 10Ks. Calm down. Sell your shares if you cannot wait for the facts.
I have heard that same story on some board some time ago - was it here I do not remember. Let it go.