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Latest Posts By dealer0168 - Elite      About dealer0168
First   < Newer   2441-2460 of 2601   Older>   Last  

05-Jun-2009 19:11 Keppel Land   /   Kepland       Go to Message
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x 0 		Emm Livermore, how yr view on Kepland than.

Livermore      ( Date: 05-Jun-2009 18:44) Posted:

STI 2400 was already broken. Sometimes with stock or index, once resistance broken, they pull back and then they come back again. Notice when resistance 2218 was broken market also pulled back then came back up

dealer0168      ( Date: 05-Jun-2009 18:37) Posted:

Btw if 2400 was cleared & goes beyond more, we may see a flying Kepland. Cheers. 
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05-Jun-2009 18:37 Keppel Land   /   Kepland       Go to Message
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x 0 		Btw if 2400 was cleared & goes beyond more, we may see a flying Kepland. Cheers. 
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05-Jun-2009 17:32 Pacific Andes   /   Discussion Corner for PACIFIC ANDES RIGHT       Go to Message
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This is a good pick. Cheers pal.
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05-Jun-2009 17:20 Keppel Land   /   Kepland       Go to Message
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I thk mid of next week Kepland pricing will stable (around the 12Jun09 that was mentioned). Now the STI index is almost there at 2400. Human factor, worry that there is a major correction when hit 2400. So people will start dumping their stock (blue chip, especially those with value that way too much high than the analsyt TP ). And correction will hit heavily on them (i guess).  

And i believe Kepland is not one of them as its pricing is still quite low compare to Capitaland. So not much correction for this babe, i guess by mid next week.....

Let keep monitoring, cheers.

 
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04-Jun-2009 23:27 Pacific Andes   /   Discussion Corner for PACIFIC ANDES RIGHT       Go to Message
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x 0 		U still in time for the sailing, as the Target Price for this one quite high (at $0.63).
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04-Jun-2009 23:25 Pacific Andes   /   Discussion Corner for PACIFIC ANDES RIGHT       Go to Message
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N here the analyst report fr your reference, cheers.

By Carmen Lee
Tue, 26 May 2009, 08:01:35 SGT

Summary: Pacific Andes Holdings (PAH) posted better than expected net earnings of HK$664m for FY09, up 38% YoY. The group has also declared dividend per share of 2.07 S cents per share (same as last year), giving an attractive yield of 6.8% based on pre-suspension price of S$0.305. Together with the FY09 results, PAH also proposed a renounceable underwritten Rights issue on the basis of one rights share for every one existing share held and one warrant for every five Rights shares at an issue price of S$0.15 per Rights share. Key shareholder Pacific Andes International Holdings Ltd (PAIH), which holds a 65.1% stake in PAH, has given its irrevocable undertaking to subscribe for its entitlements. Demand and pricing seem to be holding well and not affected by the recent H1N1 scare or the current global recession. This has given us confidence to raise our selling prices for its fish and fishmeal products as well as including organic growth from the above vessel redeployment exercise. Rolling our estimates into FY10 & FY11, we are raising our fair value estimate from 30 cents to 63 cents (based on 6x blended earnings). Maintain BUY.

Good set of FY09 results. Pacific Andes Holdings (PAH) posted better than expected net earnings of HK$664m for FY09, up 38% YoY. While revenue was in line with our expectation, up 12% to HK7847m, the better bottomline performance was partly due to deferred tax credit of HK$70m in FY09 versus tax charge of HK$26m in the previous year. This is not expected to recur in FY10. PAH’s 4Q earnings came in at HK$237m, up 8% YoY and 172% QoQ. Revenue also improved in 4Q by 23% YoY and 120% QoQ to HK$637m. 4QFY09 margins showed across the board improvement from 3QFY09, but FY09 margins were slightly lower than FY08. Note the group has not declared any dividend for FY09.

Rights issue to meet working capital needs. Together with the FY09 results, PAH also proposed a renounceable underwritten Rights issue on the basis of one rights share for every one existing share held and one warrant for every five Rights shares at an issue price of S$0.15 per Rights share. This is at a 51% discount to the pre-suspension price of S$0.305. The exercise price for the warrants is fixed at S$0.23. Key shareholder Pacific Andes International Holdings Ltd (PAIH), which holds a 65.1% stake in PAH, has given its irrevocable undertaking to subscribe for its entitlements. We estimate that net gearing will drop from 91% to 76% with the Rights issue.

Maintain BUY, up fair value estimate to 63 cents. In addition to the good results, management reassured us that the deployment of the five vessels to the South Pacific is on track and should commence contribution in 2QFY10. Demand and pricing seem to be holding well and not affected by the recent H1N1 scare or the current global recession. This has given us confidence to raise our selling prices for its fish and fishmeal products as well as including organic growth from the above vessel redeployment exercise. We are also revising up our FY10 earnings estimate from HK$440m to HK$720m and introducing FY11 earnings expectation of HK$822m, up 14% YoY. Rolling our estimates into FY10 & FY11, we are raising our fair value estimate from 30 cents to 63 cents (based on 6x blended earnings). Maintain BUY.


 

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04-Jun-2009 23:17 Pacific Andes   /   Discussion Corner for PACIFIC ANDES RIGHT       Go to Message
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Oh Alligator have share with us regards the RIGHTs for this baby previously already. N they are as follow (but he explain based on 0.39 price):

 

From: Alligator      ( Date: 30-May-2009 12:51) Posted:


This rights issue, simplified to be 1 rights for every 1 share at issue price of 0.15, with free 1 warrant for every 5 rights subscribed and warrant expiry is 2-year with exercising price of 0.25

With current market price of mother share at about 39cents, the warrant is already 'In the money'. therefore to work out theoretical ex-rights price:

mother shares, 1 lot or 1000 shares = 0.39x1000=390

rights shares, 1000 at 0.15 =150

warrant 1/5 of rights at 0.23=200x0.23=46

total cost ==586

total qty with rights and warrant=1000+1000+200=2200

estimate total cost/total qty =586/2200=26.6cents

 so, if the mother share trade about 39cents, when ex-rights its price is likely adjusted to 27cents. of course mother share price will change and thus ex-right price also change according to dilution effect as well as market sentiment.

 Your question on how to play warrant... warrant is issued free of charge and attached to rights that is exercised. therefore, if you want to exercise then you get 1warrant  for 5 exercied rights . Each warrant entitled you to exercise at a price of 0.23 within two year expiry. As this is 1 for 5 thus the warrant dilution is not too large as it is 20% of right issue , this act as a sweatener to make entitled shareholder happy to hold warrant.

As this point warrant is priced at 23cents, if mother share price is much higher than 39 cents, the warrant become very attractively priced. on the other hand, if mother share price drops below 31 cents then the ex-rights price become less than 0.23 and it will make warrant not in money ( you can read Golden Agri's case, its warrant is priced out of current market price).


Warrant will be listed in SGX after the Rights issue exercise. Once listed in SGX, warrant can be traded just like share.  You must either sell the warrant for money , or exercise by paying 0.23 to convert to mother share, before its expiry. Once expired, it becomes worthless.

Warrant exercising must go through a paper work process , fill up form, pay cashier order or banker draft to the Warrant Agent. Wait few days for their processing before it become credited into your CDP.

hope this help.



tea444u      ( Date: 04-Jun-2009 17:17) Posted:



hi pa holders.... wondering if it si still ok for me to enter now? is the price still good  for a run up?

thanks .. to any who help clarify...never understood rights  and the impact on mother shares.
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04-Jun-2009 17:11 Pacific Andes   /   Discussion Corner for PACIFIC ANDES RIGHT       Go to Message
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x 0 		Emm manage to sail through today bad wave.... with same trading price as yesterday. Good sign. Cheers.
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04-Jun-2009 13:53 Neptune Orient L Rg   /   NOL       Go to Message
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x 0 		Today NOL no power to sail up............
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04-Jun-2009 13:19 Keppel Land   /   Kepland       Go to Message
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Roll in some more if it still drop. Smiley

Anything below $2.60 for Kepland is actually quite cheap already. By right its price should be

quite closed to Capitaland.

Anyway, its up to individual.

For this counter i will prefer long term as it got great prospect to go high again. 



Chewbacca      ( Date: 04-Jun-2009 13:06) Posted:

Well....I think it's fair to say that it's not difficult to make good money if you keep blue chips for long term.

 

But the idea is to maximize profit. I'm going to say that I regretted not selling kepland when it rushed to $3. I would have bought back again at current price ($2.6).

 

But...would have, could have. Pointless to say such things anymore.



dealer0168      ( Date: 03-Jun-2009 19:04) Posted:

Hope for the $8  to $9 range to surface again, maybe another 1 to 2 years time loh.

Some stock can keep for long term (like those established blue chip). Wait long for better harvest for this one.

Cheers.Smiley
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03-Jun-2009 23:36 CapitaLand   /   CapitaLand: Too early to bottom fish       Go to Message
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Some analyst stated that the correction is at 2500. Now only minor correction like "ping pong ball" bouncing slowly on the table. Sometime up, sometime down....abit abit abit.

Hope heavy weight investor don't smack the "ping pong ball" only. 

Keep alert......on standby.Smiley
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03-Jun-2009 23:27 Sakari   /   Straits Asia       Go to Message
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x 0 		Amazing height to reach. Unexpected. Congrat those that sail on the ship & profit with it.
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03-Jun-2009 22:50 Golden Agri-Res   /   GoldenAgr       Go to Message
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But among all company with RIGHTS, this one got the worst TP (provided by the analyst). Not sure if it worth the risk to go for its RIGHT rally.

Anyway, commodity share price shoot up & down faster than the rest. Emm better trade with care.Smiley
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03-Jun-2009 21:31 Golden Agri-Res   /   GoldenAgr       Go to Message
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Quite expensive now........ Already overshoot its TP.

 
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03-Jun-2009 19:28 Pacific Andes   /   Discussion Corner for PACIFIC ANDES RIGHT       Go to Message
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This one got a Target price of $0.60. Still got bandwidth to go.Smiley

 

 
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03-Jun-2009 19:04 Keppel Land   /   Kepland       Go to Message
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Hope for the $8  to $9 range to surface again, maybe another 1 to 2 years time loh.

Some stock can keep for long term (like those established blue chip). Wait long for better harvest for this one.

Cheers.Smiley



sureesh40      ( Date: 03-Jun-2009 09:26) Posted:

How long is long term, 3-5-7 years. What is your long term target price, $7, $10, $20

dealer0168      ( Date: 01-Jun-2009 22:00) Posted:

I will keep the RIGHT. The cheap price will not come by so easy any more. Keep it for long term. Cheers.
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03-Jun-2009 18:57 ST Engineering   /   ST Engg       Go to Message
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x 0 		Today ST share price performance quite rigid. Cheers.
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03-Jun-2009 18:55 CapitaCom Trust   /   CapitComm RIGHT Discussion Corner       Go to Message
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x 0 		Finally...........
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03-Jun-2009 18:50 Pacific Andes   /   Discussion Corner for PACIFIC ANDES RIGHT       Go to Message
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Emm hit 0.44 max today.
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02-Jun-2009 19:42 Genting Sing   /   GenSp starts to move up again       Go to Message
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The date should be around Nov or Dec right. Still quite far away. Although time fly.
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