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Yong nam
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nono1975
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18-Oct-2007 00:21
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ting tong up and down ???
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nono1975
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16-Oct-2007 22:22
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 a sea of red for US index now...
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nono1975
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16-Oct-2007 21:59
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hi bro & sis not this one any more. look out the world street market keep your eyes  big big.
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KiLrOy
Master |
16-Oct-2007 21:38
Yells: "I buy only what I can see." |
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Be patience.  Today is ONLY the FIRST lower high, lower low session.
We are not in oversold territory yet [see RSI or CCI] also there is no clear indicator of the trend as yet. I have 0.365 as the support but 0.38 looks tempting to jump into. Be patience. |
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kodiak
Senior |
16-Oct-2007 19:40
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hmm ... yn confirmed downtrend at the moment. wait for the right price to go in. |
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Pinnacle
Master |
15-Oct-2007 23:11
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DJ in red. STI likely to go into correction tomorrow. Unless YN has something to announce, else don't see major movement coming up (down slightly maybe). |
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nono1975
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15-Oct-2007 22:44
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wait2buy. can u tell me whats makes u think it will cheong? don't any how cheong cheong  see the whole world stock market first. do a reseach first.
"Do your own reseach before any action and understand your limit zone and risk" |
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arowana1
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15-Oct-2007 19:43
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wat is there to cheong. to me, looks more like going down cos cash reserve used but, i quote "The acquisition is not expected to have any significant impact on the financial performance of the Group for the financial year ending 31 December 2007." |
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wait2buy
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15-Oct-2007 19:35
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Will Yongnam Cheong Tmr ? |
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Pinnacle
Master |
15-Oct-2007 18:41
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ACQUISITION OF LAND IN NUSAJAYA JOHOR, MALAYSIA AND UTILISATION OF PROCEEDS OF PRIVATE PLACEMENTS The Board of Directors of Yongnam Holdings Limited (the ?Company?) wishes to announce that the Company has through its subsidiary, Yongnam Engineering Sdn Bhd (?YESB?), purchased a piece of medium industry land in Nusajaya, Johor, Malaysia from UEM Land Sdn Bhd (?UEML?) (the ?Acquisition?), details of which are as follows, :- (i) Location : The Southern Industrial and Logistics Clusters (SiLC) at Nusajaya, Johor, Malaysia (ii) Tenure : Freehold (iii) Total Land Area : Approximately 26.96 Acres (iv) Purchase Price : RM22,900,363.00 YESB has on 15 October 2007 signed the Letter of Offer (the ?Letter?) from UEML and paid 2% cash deposit of the Purchase Price amounted to RM458,007.26 (approximately S$200,000). Subject to the obtaining of relevant authorities? approvals, the balance of the Purchase Price will be payable in 5 instalments, in accordance with the payment terms as set out in the Letter. The Group intends to use the Land to construct a new fabrication factory. Subject to any unforeseen circumstances, the new factory is scheduled to commence operation by first half of financial year 2008. The acquisition of the Land and construction of the factory will cost approximately S$22 million. Upon completion, the Group?s production capacity is expected to be increased by 42,000 ton per annum to cope with the increasing market demand. This is also in line with the Group?s business expansion plans. The Acquisition and subsequent development of the Land will be financed mainly by the funds raised from the Second Private Placement as well as internal funds from the Group. The acquisition is not expected to have any significant impact on the financial performance of the Group for the financial year ending 31 December 2007. None of the directors or substantial shareholders of the Company has any interest, direct or indirect (other than through their shareholdings in the Company), in the Acquisition. The Group has utilised approximately S$23.1 million for working capital and S$200,000 for this Acquisition from the net proceeds of the Second Private Placement in May 2007 of approximately S$38.1 million after estimated expenses of approximately S$1.5 million. With regard to the proceeds of the First Private Placement in January 2007, the Board of Directors wishes to announce that the Group has utilised approximately S$17.3 million from the net proceeds of the placement of approximately S$19 million after estimated expenses of approximately S$0.8 million, for the following purposes:- 1. approximately S$2 million to repay an overdraft facility provided by United Overseas Bank Limited; 2. S$0.4 million for the construction of a sand blasting and painting facility; 3. S$8 million for the purchase of strutting assets; and 4. S$6.9 million for working capital. The Company will continue to make periodic announcements on the utilisation of the balance of the net proceeds from the First and Second Placements as and when such proceeds are materially deployed. |
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nono1975
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12-Oct-2007 22:30
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this 1 got to be patient for a while. next week we will know. might load with everything for 1 more round. i'll be out for a while  after this round won't be that free. but will still be in this forum  because it's a free stock forum  for all players...
for me MA RSI MACD+own reseach and a bit of luck. |
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kodiak
Senior |
12-Oct-2007 21:46
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hi nono1975, yongname made a fierce comeback these two days  - one of the top volumesbbs played in a big portion in manipulating the price  , so ta maybe inaccurate sometimes. so i am a mixture of ta + fa + opportunist for stock %k - when the two lines intersected each other, i rather particular as it goes up or down. down meaning possible selldown. combine with other chart/indicator, i look for possible downtrend before i confirm my exit. but stock %k is possibly converging again based on the current chart? another intersection in the coming days? |
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nono1975
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12-Oct-2007 21:24
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kodiak I'm using candlestick. moving average/bollinger/parabolic sar/CCI/RSI/momentum/MACD/stochastic/directional movement/ADX/accu&dist/Aroon & TRIX. but most of time i'm using a few of them only. when stock %K 80 hits over, hoping it some how maintain at this level up and shot but not sure why out sudden there's a cross point(sharp)? accu anyone here have any point of view for china share at this moment? |
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KiLrOy
Master |
12-Oct-2007 17:05
Yells: "I buy only what I can see." |
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No worries. I had this impression that you bought it recently. :) |
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DonOn79
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12-Oct-2007 17:01
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seriously.. I brought it ages ago... a few months back.. |
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KiLrOy
Master |
12-Oct-2007 16:45
Yells: "I buy only what I can see." |
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donOn79, curious to know what was the buy signal that triggered you to buy at 0.465. I presume you use indicators (TA) as your buy signal? |
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DonOn79
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12-Oct-2007 15:32
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I am vested in Yongnam at 0.465.. is this counter breaking out soon? Volume is good but appears to be trapped in the range of 0.440-0.455... |
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Pinnacle
Master |
12-Oct-2007 12:21
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? Expanded gross margins. With higher contract volumes, a shortage of specialist contractors, tight timelines and better pricing from higher steel prices, Yongnam?s gross margins rose from 13.4% in 1H06 to 16.5% in 2H06 and 18.5% in 1H07. ? Springleaf Tower resolution. This longstanding dispute was finally settled with a favourable court ruling, which provided an exceptional gain from the write-back of S$12.7m in 1H07. With a shortage of office space, this 10,470 sf Shenton Way commercial property could potentially yield exceptional gains of up to S$7m if sold, assuming a capital value of S$2,000 psf. ? Undertaking larger-scale projects; expanding to Middle East. At 45,000 tonnes, Yongnam has the largest steel-fabrication capacity for structural steelwork in Singapore. This has allowed it to undertake large-scale projects, such as Changi Airport Terminal 3 and Fusionpolis, where there is less competition to contend with. The group could be kept busy over the next few years by upcoming publicinfrastructure and private-sector projects in Singapore, such as the two integrated resorts, Orchard Turn, Marina Bay Financial Centre and Kallang Sports Hub. Also, strong demand for structural steelwork is projected for the fast-developing Middle East, where Yongnam plans to expand into. Revenue from the Middle East was 29% of group revenue in 1H07, up from almost zero previously. ? Risks are mitigated. As multiple stakeholders are involved in large-scale projects, the risk of any one contractor running behind schedule can lead to project delays and liquidated damages. However, Yongnam?s strutting systems are usually employed during the early stages of subterranean work, while structural steelwork is typically at the front to mid-end of any project. As the project kitty would be cashed up at that stage, risks could be somewhat mitigated. ? Strengthened financial position. With two private placements of new shares in 1H07, Yongnam?s net gearing had fallen from 10.5x in FY06 to 0.68x in 1H07. Cash was S$18.1m in 1H07, up from S$1.4m in FY06. This places Yongnam in a position to bid for more projects. |
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oceanblue
Senior |
12-Oct-2007 11:32
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Appear in top voulume. Back in play? |
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nono1975
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12-Oct-2007 00:57
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The day i brought in 0.415(ask price) weeks ago, from chart i'm waiting for 0.5-0.54. well, looks good all the way up, and monday was a possible sign. and but then after  . well i missed the 0.47 point of unloading.
at around 0.395 - 0.415. China. keeping a close watch.  but i'm getting busy now days to monitor the share. might take a rest from it for months. it's the joyment of learning and understand new thing for me and as your own reseach hits the point of T,  can't buy this. of course in the end everyone still needs it for 3 meals...
"Do your own reseach before any action and understand your limit zone and risk" |
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