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Latest Forum Topics / Baker Technology    Last:0.615 --  Post Reply
It's time to rebound ????
pharoah88
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23-Apr-2010 14:26     
 
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BAKER TECHNOLOGY LIMITED

(Unique Entity Number 198100637D)

(Incorporated in the Republic of Singapore)

RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 22 APRIL 2010

Pursuant to Rule 704(14) of the SGX Securities Trading Listing Manual, the Board of Directors of Baker Technology Limited ("the Company") wishes to inform that at the Annual General Meeting (“AGM”) of the Company held today, all resolutions relating to the matters as set out in the Notice of AGM dated 29 March 2010 were duly approved and passed by the shareholders of the Company.

By Order of the Board

Aw Seok Chin

Company Secretary

22 April 2010

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wishbone
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23-Apr-2010 14:02     
 
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With YZJ trading halt, surely these 2 companies must be on the same subject.



DnApeh      ( Date: 22-Apr-2010 22:16) Posted:

i thought need to have meeting to vote 1st.

probably something else.

best is another bidder machiam macarthur.



wishbone      ( Date: 22-Apr-2010 22:08) Posted:



Will this be the obvious announcement, that the mgt of  BT has accepted the offer from YZJ.

The deal is too good for BT to reject.

Huat!!!  for those who are  vested.


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pharoah88
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23-Apr-2010 10:02     
 
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Mid-Week Comment April 21: Offshore optimism

Written by Goola Warden    
Thursday, 22 April 2010 10:03 

.............. . ... . ..
Separately, Yangzijiang has applied to the TWSE (Taiwanese Stock Exchange) to list its TDRs on that exchange,
according to the Taipei business press.
 
Actually, investors had started to take a second look at the marine and offshore sector before these two events.
The trigger was probably the announcement by Cosco Corporation back in March that it had clinched a repeat
order from Sevan Marine for its one-of-kind cylindrical semi-sub. This time, the order value was US$500 million
compared to US$190 million for the first semi-sub in 2006.
 
Then on Apr 16, Brazilian oil major Petrobras announced it had signed on Apr 4 a “Strategic Cooperation
Agreement with China Petrochemical Cooperation (Sinopec) and China Development Bank Corporation (CDB)
aimed at assessing mutually beneficial opportunities on the areas of cooperation.”
 
According to the announcement by Petrobras, the agreement includes the cooperation between Petrobras and
Sinopec in Exploration & Production (E&P); Downstream; Petrochemical and Fertilisers; and Services and
Procurement.
 
“In the E&P area, there stands out the intention of the parties to assess future partnerships, including the
possibility of selling part of Petrobras’s interest in blocks BM-PAMA-3 and BM-PAMA-8, located in the
Para-Maranhao Basin,” the announcement states. Petrobras also said that it is negotiating on financing with
China Development Bank Corporation. Sinopec may need an additional two semi-subs to develop the two blocks
and analysts believe the order could go to state-owned Chinese shipyards such as Cosco.
............................ .. . .  .


CHART VIEW
.................. .. ..

Offshore and marine stocks such as Baker Tech, Yangzijiang, Cosco and SembMarine have
run up significantly and are now experiencing consolidations/corrections.

Their uptrends remain very much intact and there is nothing yet to suggest a reversal. Note
though that Yangzijiang has developed a short-term bearish formation in the candlestick charts,
 but the correction should be temporary.

........ . .. .... ...        ....

Announcement Title * COSCO CLINCHES CONTRACT WORTH MORE THAN USD500 MILLION FOR SEVAN DRILLER II RIG  
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_ED5818EDA4FBAA0D482576E700162DB6/$file/COSCO_Annt_COSCO_SevanDrillerIIRIG.pdf?openelement
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pharoah88
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23-Apr-2010 09:46     
 
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Friday: 23 APRIL 2010

CNA announced KEP CORP result and reported KEP CORP planned its NEXT  GROWTH  PHASE  ON  ACQUISITION.

BAKER  TECH,  MERMAID,   AUSGROUP,  et cetera 

LiKELY CANDIDATES

 
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DnApeh
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22-Apr-2010 22:16     
 
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i thought need to have meeting to vote 1st.

probably something else.

best is another bidder machiam macarthur.



wishbone      ( Date: 22-Apr-2010 22:08) Posted:



Will this be the obvious announcement, that the mgt of  BT has accepted the offer from YZJ.

The deal is too good for BT to reject.

Huat!!!  for those who are  vested.

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wishbone
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22-Apr-2010 22:08     
 
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Will this be the obvious announcement, that the mgt of  BT has accepted the offer from YZJ.

The deal is too good for BT to reject.

Huat!!!  for those who are  vested.
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francisd
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22-Apr-2010 21:27     
 
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For all those vested.

TRADING HALT as at 9.00am 23/4/10.

 

 

 

 
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risktaker
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22-Apr-2010 19:34     
 
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If i will play this stock - Max $0.72



pharoah88      ( Date: 22-Apr-2010 19:33) Posted:

TARGET  PRiCE  S$0.93

CASH  PER  SHARE  S$0.443 



pharoah88      ( Date: 22-Apr-2010 16:12) Posted:

BakerTech Symbol:
568 		Currency:
Singapore Dollar
Last: 0.565 + 0.06 Vol (K): 96966.0
Corporate Action - Cum Dividend
Trading
Updated Time 22-Apr 15:50
Open 0.5 High 0.575 Low 0.5
Prev Close 0.505 Buy - Sell -
Volume(K) 96966.0 Buy Vol(K) - Sell Vol(K) -
52 Wk High 0.505 52 Wk Low 0.135 52 Wk Avg Vol 4879.836
All Time High 6.3 All Time Low 0.02    
Comments Near 52 wk high

*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
Financials
Date Updated 31-Mar-2010 Financial Year 31-Dec-2009
Current Year Profit
(After Tax) $'000,000		 38.569 Previous Year Profit
(After Tax) $'000,000		 18.818
Net Asset Per Share 0.14 Turnover $'000,000 30.17
Current Year EPS
(After Interest and Tax)		 0.06 Previous Year EPS
(After Interest and Tax)		 0.03
PE Ratio (After Tax) 5.5 Times Covered 2.6
Price (at update time) 0.33 Dividend Yield 0.07

*Technical Analysis Information is updated Daily
Technicals
RSI 88.84 Williams %R -10.0
Comments (RSI) Overbought Comments (W%R) Overbought

Intraday Chart

 
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pharoah88
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22-Apr-2010 19:33     
 
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TARGET  PRiCE  S$0.93

CASH  PER  SHARE  S$0.443 



pharoah88      ( Date: 22-Apr-2010 16:12) Posted:

BakerTech Symbol:
568 		Currency:
Singapore Dollar
Last: 0.565 + 0.06 Vol (K): 96966.0
Corporate Action - Cum Dividend
Trading
Updated Time 22-Apr 15:50
Open 0.5 High 0.575 Low 0.5
Prev Close 0.505 Buy - Sell -
Volume(K) 96966.0 Buy Vol(K) - Sell Vol(K) -
52 Wk High 0.505 52 Wk Low 0.135 52 Wk Avg Vol 4879.836
All Time High 6.3 All Time Low 0.02    
Comments Near 52 wk high

*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
Financials
Date Updated 31-Mar-2010 Financial Year 31-Dec-2009
Current Year Profit
(After Tax) $'000,000		 38.569 Previous Year Profit
(After Tax) $'000,000		 18.818
Net Asset Per Share 0.14 Turnover $'000,000 30.17
Current Year EPS
(After Interest and Tax)		 0.06 Previous Year EPS
(After Interest and Tax)		 0.03
PE Ratio (After Tax) 5.5 Times Covered 2.6
Price (at update time) 0.33 Dividend Yield 0.07

*Technical Analysis Information is updated Daily
Technicals
RSI 88.84 Williams %R -10.0
Comments (RSI) Overbought Comments (W%R) Overbought

Intraday Chart

 


pharoah88      ( Date: 22-Apr-2010 16:08) Posted:

Thursday:  22 APRIL  2010  16:07:28         102,061,000           S$0.575

1st  POSITION

TOP  VOLUME
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risktaker
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22-Apr-2010 19:11     
 
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LOL OMG - Win liao ... this article was send to me yesterday morning lol and spread it to sharejunction now lol :) nice one 



battouchai      ( Date: 22-Apr-2010 17:17) Posted:



Just to share...pls SOBAYOR... m not vested.

 

 

1.  Sum of parts valuation implies Baker is worth $0.93 (non-diluted) or $0.73 (fully diluted) !!
2.  If PPL deal goes through, Baker will have cash of S$76M (existing cash) + S$214M (PPL offer) = S$290M or $290/654.8M = $0.443 cash per share !!

Analysis

654.8M shares;  327.4M warrants
Net Profit = $38.6M ('09) vs $18.8M ('08)
Cash holdings = $76M;  debt = negligible

Baker has 3 core pillars
1)   15% stake in PPL
      - worth US$155M or S$214M
2)   49% stake in axle biz
      - worth at least $20M based on the put option it can sell to Tata Group's associate
3)   Sea Deep Shipyard
      - a 100% owned subsidiary
      - contributed approx $33.1M out of $38.6M '09 net profit

Sum of Parts Valuation (non diluted, 654.8M shares)
a)   15% stake in PPL = $214M/654.8M = $0.3268 per share
b)   49% axle biz = $20M/654.8M = $0.0305 per share
c)   Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/654.8M = $0.455 per share
      - P/E of 9x for Sea Deep is conservative as this is a 50% discount to the P/E of 18x for the oil & gas sector in '09)
d)   $76M cash holdings = $76M/654.8M = $0.116 per share

      Value per share = a+b+c+d = $0.93

Sum of Parts Valuation (fully diluted, 982.2M shares)
a)   15% stake in PPL = $214M/982.2M = $0.2179 per share
b)   49% axle biz = $20M/982.2M = $0.0203 per share
c)   Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/982.2M = $0.303 per share
d)   $76M cash holdings = $76M/982.2M = $0.0774 per share
e)   327.4M warrants exercised at $0.32 = $104.8M or $104.8M/$982.2 = $0.1067 per share

      Value per share = a+b+c+d+e = $0.73
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battouchai
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22-Apr-2010 18:15     
 
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Hi DnAPeh

Welcome...Was trying to see if that calculations make sense or not b4 i post mah.. sekali post lubbish without knowing paiseh man! ;p
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DnApeh
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22-Apr-2010 17:38     
 
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Thanks!

Try to post early, early mah.

Kidding.



battouchai      ( Date: 22-Apr-2010 17:17) Posted:



Just to share...pls SOBAYOR... m not vested.

 

 

1.  Sum of parts valuation implies Baker is worth $0.93 (non-diluted) or $0.73 (fully diluted) !!
2.  If PPL deal goes through, Baker will have cash of S$76M (existing cash) + S$214M (PPL offer) = S$290M or $290/654.8M = $0.443 cash per share !!

Analysis

654.8M shares;  327.4M warrants
Net Profit = $38.6M ('09) vs $18.8M ('08)
Cash holdings = $76M;  debt = negligible

Baker has 3 core pillars
1)   15% stake in PPL
      - worth US$155M or S$214M
2)   49% stake in axle biz
      - worth at least $20M based on the put option it can sell to Tata Group's associate
3)   Sea Deep Shipyard
      - a 100% owned subsidiary
      - contributed approx $33.1M out of $38.6M '09 net profit

Sum of Parts Valuation (non diluted, 654.8M shares)
a)   15% stake in PPL = $214M/654.8M = $0.3268 per share
b)   49% axle biz = $20M/654.8M = $0.0305 per share
c)   Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/654.8M = $0.455 per share
      - P/E of 9x for Sea Deep is conservative as this is a 50% discount to the P/E of 18x for the oil & gas sector in '09)
d)   $76M cash holdings = $76M/654.8M = $0.116 per share

      Value per share = a+b+c+d = $0.93

Sum of Parts Valuation (fully diluted, 982.2M shares)
a)   15% stake in PPL = $214M/982.2M = $0.2179 per share
b)   49% axle biz = $20M/982.2M = $0.0203 per share
c)   Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/982.2M = $0.303 per share
d)   $76M cash holdings = $76M/982.2M = $0.0774 per share
e)   327.4M warrants exercised at $0.32 = $104.8M or $104.8M/$982.2 = $0.1067 per share

      Value per share = a+b+c+d+e = $0.73
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battouchai
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22-Apr-2010 17:17     
 
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Just to share...pls SOBAYOR... m not vested.

 

 

1.  Sum of parts valuation implies Baker is worth $0.93 (non-diluted) or $0.73 (fully diluted) !!
2.  If PPL deal goes through, Baker will have cash of S$76M (existing cash) + S$214M (PPL offer) = S$290M or $290/654.8M = $0.443 cash per share !!

Analysis

654.8M shares;  327.4M warrants
Net Profit = $38.6M ('09) vs $18.8M ('08)
Cash holdings = $76M;  debt = negligible

Baker has 3 core pillars
1)   15% stake in PPL
      - worth US$155M or S$214M
2)   49% stake in axle biz
      - worth at least $20M based on the put option it can sell to Tata Group's associate
3)   Sea Deep Shipyard
      - a 100% owned subsidiary
      - contributed approx $33.1M out of $38.6M '09 net profit

Sum of Parts Valuation (non diluted, 654.8M shares)
a)   15% stake in PPL = $214M/654.8M = $0.3268 per share
b)   49% axle biz = $20M/654.8M = $0.0305 per share
c)   Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/654.8M = $0.455 per share
      - P/E of 9x for Sea Deep is conservative as this is a 50% discount to the P/E of 18x for the oil & gas sector in '09)
d)   $76M cash holdings = $76M/654.8M = $0.116 per share

      Value per share = a+b+c+d = $0.93

Sum of Parts Valuation (fully diluted, 982.2M shares)
a)   15% stake in PPL = $214M/982.2M = $0.2179 per share
b)   49% axle biz = $20M/982.2M = $0.0203 per share
c)   Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/982.2M = $0.303 per share
d)   $76M cash holdings = $76M/982.2M = $0.0774 per share
e)   327.4M warrants exercised at $0.32 = $104.8M or $104.8M/$982.2 = $0.1067 per share

      Value per share = a+b+c+d+e = $0.73
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samson
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22-Apr-2010 16:16     
 
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 Alert Admin 		Tomorrow -0.60-- 0.65 ?
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pharoah88
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22-Apr-2010 16:12     
 
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BakerTech Symbol:
568 		Currency:
Singapore Dollar
Last: 0.565 + 0.06 Vol (K): 96966.0
Corporate Action - Cum Dividend
Trading
Updated Time 22-Apr 15:50
Open 0.5 High 0.575 Low 0.5
Prev Close 0.505 Buy - Sell -
Volume(K) 96966.0 Buy Vol(K) - Sell Vol(K) -
52 Wk High 0.505 52 Wk Low 0.135 52 Wk Avg Vol 4879.836
All Time High 6.3 All Time Low 0.02    
Comments Near 52 wk high

*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
Financials
Date Updated 31-Mar-2010 Financial Year 31-Dec-2009
Current Year Profit
(After Tax) $'000,000		 38.569 Previous Year Profit
(After Tax) $'000,000		 18.818
Net Asset Per Share 0.14 Turnover $'000,000 30.17
Current Year EPS
(After Interest and Tax)		 0.06 Previous Year EPS
(After Interest and Tax)		 0.03
PE Ratio (After Tax) 5.5 Times Covered 2.6
Price (at update time) 0.33 Dividend Yield 0.07

*Technical Analysis Information is updated Daily
Technicals
RSI 88.84 Williams %R -10.0
Comments (RSI) Overbought Comments (W%R) Overbought

Intraday Chart

 


pharoah88      ( Date: 22-Apr-2010 16:08) Posted:

Thursday:  22 APRIL  2010  16:07:28         102,061,000           S$0.575

1st  POSITION

TOP  VOLUME



pharoah88      ( Date: 22-Apr-2010 15:50) Posted:



Thursday:  22 APRIL  2010  15:46:43

S$0.570    2,315,000  

BOUGHT  frOm  SELLER
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pharoah88
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22-Apr-2010 16:08     
 
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Thursday:  22 APRIL  2010  16:07:28         102,061,000           S$0.575

1st  POSITION

TOP  VOLUME



pharoah88      ( Date: 22-Apr-2010 15:50) Posted:



Thursday:  22 APRIL  2010  15:46:43

S$0.570    2,315,000  

BOUGHT  frOm  SELLER
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pharoah88
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22-Apr-2010 15:50     
 
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Thursday:  22 APRIL  2010  15:46:43

S$0.570    2,315,000  

BOUGHT  frOm  SELLER
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pharoah88
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22-Apr-2010 15:41     
 
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Thursday:  22 APRIL  2010  15:31:02

S$0.565    2,234,000   MiD



pharoah88      ( Date: 22-Apr-2010 14:28) Posted:

BakerTech Symbol:
568 		Currency:
Singapore Dollar
Last: 0.55 + 0.045 Vol (K): 58050.0
Corporate Action - Cum Dividend
Trading
Updated Time 22-Apr 14:06
Open 0.5 High 0.555 Low 0.5
Prev Close 0.505 Buy - Sell -
Volume(K) 58050.0 Buy Vol(K) - Sell Vol(K) -
52 Wk High 0.505 52 Wk Low 0.135 52 Wk Avg Vol 4879.836
All Time High 6.3 All Time Low 0.02    
Comments Near 52 wk high

*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
Financials
Date Updated 31-Mar-2010 Financial Year 31-Dec-2009
Current Year Profit
(After Tax) $'000,000		 38.569 Previous Year Profit
(After Tax) $'000,000		 18.818
Net Asset Per Share 0.14 Turnover $'000,000 30.17
Current Year EPS
(After Interest and Tax)		 0.06 Previous Year EPS
(After Interest and Tax)		 0.03
PE Ratio (After Tax) 5.5 Times Covered 2.6
Price (at update time) 0.33 Dividend Yield 0.07

*Technical Analysis Information is updated Daily
Technicals
RSI 88.84 Williams %R -10.0
Comments (RSI) Overbought Comments (W%R) Overbought

Intraday Chart

 
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DnApeh
Master
22-Apr-2010 15:41     
 
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sorry, married deal i don't want.

must be from open market.



ozone2002      ( Date: 22-Apr-2010 15:19) Posted:



ok we call our brokers then do married deal..ok?

24c
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pharoah88
Supreme
22-Apr-2010 15:38     
 
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UNlikE  STOP  LOSS,

there  is  Only   PLEASURE

and  nO PAINS
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