| Latest Forum Topics / HG Metal Last:0.265 -- |
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HG Metal a hidden gem ?
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freeman_5js
Senior |
10-Nov-2009 20:59
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yar. haha but sure hope it wont take too long... even thout most probly it will ! | ||||
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dealer0168
Elite |
10-Nov-2009 18:21
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This one needs times. It worth more than current price. But have to be patience
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master_changkw
Member |
09-Nov-2009 23:55
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in 3~6 months, this counter should up! another hidden gem = $ GMG Global $. I believe China Automotive is play an important role for rubber industry! |
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freeman_5js
Senior |
09-Nov-2009 23:14
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u brought this counter too? tt "up" may not come so fast | ||||
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dealer0168
Elite |
07-Nov-2009 16:46
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Been waiting fr this baby to perform also. Hope the UP show come soon. Cheers. |
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freeman_5js
Senior |
07-Nov-2009 16:29
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those whu r looking to increase their hold should be able to do so this few days | ||||
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edskh78
Member |
29-Oct-2009 12:00
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Looking at their previously report date, it should be between Nov 14 to 25. | ||||
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dealer0168
Elite |
28-Oct-2009 23:57
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wonder when the 3rd qtr results will be out. | ||||
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knightbridge
Veteran |
28-Oct-2009 21:54
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If it is 2 BB cornering the counter.. They should be able to control the up or down.. (Pending the result annoucement of HG mental). HG got a big free float.. I think this is a well manage company.. As usual i am a more prudent or kiasu investor.. I willl still look at the cash and stock holdings. As they are a steel stockist, large amount of money is needed to store steel (if i am not wrong last check is about 200m-300m) also need warehouse to keep the steel for customer to buy off hand.. Watch for US$ and steel price will be criticial when investing in HG.. Short term investor will want to buy large amount for that 0.5cent to 1.0gain (depending on sentimental and stay liquid) Long term investor will be looking when they can double their investment in maybe 2-3year (buy on dips) |
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freeman_5js
Senior |
27-Oct-2009 23:25
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thanx 4 posting this info. yar some1 trying to off load large amt of shares bringing tt price down. bt hope tis counter will rise soon ~ its a gd price to enter now
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dealer0168
Elite |
27-Oct-2009 19:54
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Yup, hope it shows it value soon. Cheers. |
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chartist2009
Member |
27-Oct-2009 16:13
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very interesting stock. today keep monitor this stock, noticed that there ahve 2 BBs are fighting. 1BB sell down large amount at $0.115 and $0.11. However, another BB immediately buy up and block the price at $0.11 the most interesting is that from $0.115 till $0.11, there have about 25Million unit sell down. i went to HG's website and found that the largest shareholder only hold 28Million units, wondering who holding larger unit than HG shareholder and able to sell so much share? or maybe....short sell? now this BB going has problem? short sell so much and price still not going down? who wanna get cheaper price $0.115 for this stock, think its good time..^_^' |
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knightrider
Elite |
22-Oct-2009 09:34
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ENTRY INTO FACILITY AGREEMENT INTRODUCTION The directors ("Directors") of HG Metal Manufacturing Limited (the "Company") wish to announce that the Company has entered into a facility agreement dated 21 October 2009 (the "Agreement") with, inter alia, each of: (a) Oversea-Chinese Banking Corporation Limited ("OCBC") and United Overseas Bank Limited ("UOB", and together with OCBC, the "Lenders") as lenders; and (b) OCBC as the agent of the Finance Parties (as defined in the Agreement) (other than itself) (in this capacity, the "Agent"). THE FACILITIES Pursuant to the terms of the Agreement: (a) the Lenders will make available to the Company a Singapore dollar term loan facility in an aggregate amount equal to S$39 million (the "Term Loan"); and (b) the Lenders will make available to the Company new working capital facilities in an aggregate amount equal to S$62 million (including S$32 million for foreign exchange facilities) (the "WCF Facility", and together with the Term Loan, the "Facilities"). The Company will apply all amounts borrowed by it under the Term Loan towards refinancing its existing trade facility outstandings with the Lenders. The Company will use the WCF Facility to finance its working capital. As security for the Facilities, the Company will execute: (i) a debenture creating fixed and floating charges over all of its assets in favour of the Agent; (ii) a mortgage over its property at 30 Jalan Buroh, Singapore; and (iii) a deed of assignment and a mortgage-in-escrow over its property at 15 Jurong Port Road, Singapore. Three (3) of the Company's subsidiaries, namely HG Metal Pte. Ltd., HG Metal Investments Pte. Ltd.]and Galaxia Pte. Ltd., will also be providing security for outstandings under the Agreement. ISSUE OF WARRANTS In consideration of the Lenders extending the Facilities, the Company will issue a total of 60,000,000 new warrants (the "Warrants") to the Lenders free of payment in the proportion borne by each Lender's WCF Facility commitment to the total WCF Facility. The issue of the Warrants to the Lenders will be made pursuant to the general mandate obtained by the Directors at the annual general meeting of the Company held on 22 January 2009. Each Warrant shall entitle its holder to subscribe for one (1) new ordinary share in the capital of the Company ("Share"). Accordingly, up to 60,000,000 new Shares will be issued upon full exercise or conversion of the Warrants. This represents approximately 7.74% of the issued share capital of the Company, based on the Company's issued share capital of 775,671,962 Shares as at the date of this announcement. The exercise price of the Warrants shall be fixed at S$0.1264 subject to such adjustments as stated in the deed poll to be executed by the Company for the purpose of constituting the Warrants (the "Deed Poll"). Subject to the terms and conditions of the Deed Poll, the Warrants may be exercised at any time during the period commencing and including the date of issue of the Warrants and expiring at 5.00 p.m. on the date immediately preceding the third anniversary of such date of issue. Pursuant to the terms and conditions of the Agreement, in the event any of the Warrants are exercised, the proceeds of such exercise shall be applied to prepay the Term Loan. The Company will, in due course, make an additional listing application to the Singapore Exchange Securities Trading Limited (the "SGX-ST") for the new Shares that will be issued upon exercise of the Warrants to be admitted to the Official List of the SGX-ST and be listed for quotation on the Main Board of the SGX-ST. The new Shares allotted and issued pursuant to the exercise of the Warrants shall rank pari passu in all respect with the existing issued Shares of the Company save for any dividends, rights, allotments or other distributions, the record date of which falls on or before the relevant date.
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dealer0168
Elite |
19-Oct-2009 19:02
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Below news maybe a positive news for HG metal to break the 0.130. Stocks Gain Around World, Commodities Rise; Aussie Dollar Jumps By Daniel Hauck Oct. 19 (Bloomberg) -- Stocks rose from Shanghai to London, metals advanced and the currencies of commodity producers strengthened as investors sought higher returns amid improving corporate earnings. The MSCI World Index of 23 developed countries added 0.5 percent at 10:20 a.m. in London, and futures on the Standard & Poor’s 500 Index rose 0.6 percent. Copper led gains in industrial metals. The Australian dollar advanced against all but one of the 16 most-traded currencies tracked by Bloomberg after Reserve Bank of Australia policy maker Philip Lowe signaled interest rates may increase. Earnings at U.S. companies probably will exceed analysts’ third-quarter expectations, supporting stocks, Nomura Holdings Inc. wrote in a note dated Oct. 16. Russian stocks and emerging- market energy companies were upgraded to “overweight” today at JPMorgan Chase & Co., which said valuations are “attractive” after crude oil’s surge above $78. “The markets still have some room to maneuver on an upwards trajectory,” Gabriel Yap, senior dealing director with DMG & Partners Securities Pte. in Singapore, said in a Bloomberg Television interview today. “There’s a high probability that earnings next year will surprise as things go back to normalization.” Apple, Texas Instruments Apple Inc. of Cupertino, California and Dallas-based Texas Instruments Inc. will announce results after the close of U.S. trading today. More than 130 other companies in the S&P 500 also are scheduled to report this week, data compiled by Bloomberg show. Companies from Royal Philips Electronics NV to JPMorgan and Google Inc. have already posted earnings that beat projections. Analysts surveyed by Bloomberg estimate that profits for S&P 500 companies will rebound 65 percent in the last three months of the year after falling for nine straight quarters, the longest streak since the Great Depression. Europe’s Dow Jones Stoxx 600 Index added 0.9 percent, while the MSCI Asia Pacific Index gained 0.6 percent. Royal Dutch Shell Plc, Europe’s biggest oil company, rose 2 percent in London and Cnooc Ltd., China’s biggest offshore producer, climbed 4.2 percent in Hong Kong. National Express Group Plc, a U.K. rail company, gained 7.5 percent after saying it received a “highly preliminary” proposal from Stagecoach Group Plc for a 1.7 billion-pound ($2.8 billion) merger. China, Russia The Shanghai Composite Index climbed 2.1 percent, the biggest gain among benchmark equity indexes worldwide, on speculation a government report this week will show China’s economy expanded 9 percent in the third quarter, the fastest pace in a year. Russia’s Micex Index rose for the first time in three days, gaining 0.6 percent. The nation’s equity market was upgraded to “overweight” at JPMorgan after the 76 percent increase in oil this year improved the earnings prospects for energy companies. The MSCI Emerging Markets Index added 0.7 percent, led by energy shares. The Australian and New Zealand dollars appreciated the most among currencies of commodity producers. The so-called Aussie climbed 0.6 percent against the U.S. dollar after Lowe said in Sydney that “more normal” interest rates may be “appropriate” for the economy. The kiwi rose against all 16 most-traded currencies, advancing 0.9 percent against the dollar. Copper for delivery in three months added 1.4 percent to $6,315 a metric ton on the London Metal Exchange. Aluminum, nickel, zinc and lead also gained. Dollar Falls The Dollar Index, which IntercontinentalExchange Inc. uses to track the currency against those of six major U.S. trading partners, dropped 0.2 percent to 75.417. The pound slid against all but one of the 16 most-traded currencies after the Sunday Times said Bank of England policy maker Adam Posen may support an extension of the central bank’s asset-purchase program. German bonds led declines in government securities as the gains in stocks sapped demand for the relative safety of fixed income. The yield on the 10-year bund rose 4 basis points, or 0.04 percentage point, to 3.31 percent. The yield on the Treasury note of the same maturity climbed 2 basis points to 3.43 percent. The cost of protecting European corporate bonds from default fell the most in three days, with the Markit iTraxx Crossover Index of credit-default swaps on 50 mostly high-yield companies declining 19 basis points to 503, according to JPMorgan prices. That’s the lowest level since a new series of the index started trading Sept. 21 and signals an improvement in perceptions of credit quality. |
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Bintang
Elite |
19-Oct-2009 17:04
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Hi belgeran , There would be some corrections or consolidations in the blue chips or in some mid cap counters . But in the same time , some normally quiet or laggard counters may take over the stage . So we must work very hard to spot those potential counters . One important indicator , the direction movement index is very useful now .
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belgeran
Veteran |
19-Oct-2009 16:55
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Hi Bintang, Just wondering what are your considerations when you say more corrections? Saw alot of your postings across the forums, very helpful analysis of the stocks' trends. I just started recently, yet to pick up any analysis skills, was hoping if you will give some guidance ;) |
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rachael
Member |
17-Oct-2009 22:59
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and most importantly will not disappear when that counter share price drip....
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dealer0168
Elite |
17-Oct-2009 22:39
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Hope HG Metal can break convincingly above 0.130 soon. So that we can see HG Metal making another step up. |
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dealer0168
Elite |
17-Oct-2009 22:26
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Have a look at the business Lorenzo is in. Emm not the type of business i am interested in. I thk i won't go into it. Anyway hope u huat with Lorenzo. Cheers.
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Bintang
Elite |
17-Oct-2009 22:04
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Hi rachael , I m fine . How r u ? I do not have any position on those counters I have posted . Because I see no uptrend in the near term , n more corrections are on the ways . So my posts now are quite negative but unbiased . And I hope to see more different opinions from others .
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that why I like to read your postings which is very neutral, helpful and not boosting... 
still at mermaid?