GOB: Good news or bad news?

This morning, GOB dropped 12.5 sen to a low of RM0.50 before recovering. A client called up and asked Why? Why is the stock down when it announced that its 1H net profit is up 307.56%. See the first screenshot below.


Diagram 1: GOB's announcement headlines on Kentrade

When I clicked on the announcement, this is what I got! GOB's latest quarterly results for QE30/9/2015 shows a net loss of RM12.8 million but its 1H net profit of RM66.3 million is 307.56% higher than the net profit for 1H last year.


Diagram 2: GOB's announcement in detail on Kentrade

GOB had since rebounded off the low to RM0.59 as at 10.22am. This could be a happy accident if one bought into GOB on the "good" news when the share price was lower. It could also have been a bad experience if you bought into the stock at a higher price only to discover the exact results of the company.

When you read any announcement in the newspaper or news feed on the internet, you have to read it completely. If you read only the headline, you only get partial news, or worse still, you get a misleading news or impression.