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Any opinion about Novo Group
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highrisk1
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19-Apr-2010 13:37
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What angers me more about this stock is it doesn't take advantage of the recent price hike in steel price... | ||||
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grandmaster89
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19-Apr-2010 13:23
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AGM will be held in August. I have never met him before. He is from HK but Novo seems to be growing well under his leadership. Q4 results will be the key - if it can hit US$4 million again, the market will re-rate the stock since it has the potential to generate around US$16 million profit a year. If so, then when its steel processing plant opens later this year and its scrap processing plants is operational in 2011, wouldn't its earnings BOOMZ !!! Downside - keep an eye on steel and coal prices. If it dips, Novo will be hurt.
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highrisk1
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19-Apr-2010 13:12
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thought that this counter would be another Z-obee......but not to be; still have to wait..wait wait......; grandmaster89, how do you find Dicky Wu...have you attended the AGM for Novo Group? |
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grandmaster89
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19-Apr-2010 13:04
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Haha I made good profit in the run up from late dec to early Jan (dual listing announced). Bought at 20.5 and sold at 25.5 cents. This company (being small) won't get much noticed from big funds till its free float and size increase. Dual Listing will increase its free float while continued earnings will allow the company to grow. |
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highrisk1
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19-Apr-2010 12:59
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Yup...I do agree with Grandmaster89; I have collected mostly between 20-22 cents.......just felt that the recent run would have brought this counter nearing $0.30.......I still prefer the way how this counter moved from 0.13-0.20 where there is not much volume and the movement is huge.... | ||||
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grandmaster89
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19-Apr-2010 12:35
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Retailers panicking and BBs will swallow slowly....you know the pattern...we seen it so many times. Should go down to 21-22 cents in the coming weeks. Before rebounding back to 24-25 cents. Seen this at least 3 times this year. As a word of caution - Don't trade/contra this stock. Free Float is too small. |
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EoinkEoink
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19-Apr-2010 10:15
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Yeah man, you are right. When do you think we will see the BBs in action again? Sigh...
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highrisk1
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19-Apr-2010 09:19
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This is what I mean.......when STI is bullish, this counter is stagnant; now when STI in red zone, this counter alos follow to the red zone...... what you expect the investors to feel? sigh......... |
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EoinkEoink
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16-Apr-2010 14:30
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Is it a good price of 0.23-0.235 to stock up this counter?
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risktaker
Supreme |
15-Apr-2010 21:40
Yells: "Sometimes you think you know, but in fact you dont" |
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not much just 4 digit holdings nia :) I havent hammer hard on novo yet :P
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JiangZhiYa
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15-Apr-2010 17:13
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Again the BB is placing out sell order of 4,444 lots during matching period, but withdraw before matching period close. Come on.....show us your guts, hold your order until close, I will take all.. |
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highrisk1
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15-Apr-2010 09:21
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How much unit have you bought, risktaker? But as what Grandmaster89 has mentioned, it is an invesiting stock, not speculative........thumb ups for you...... |
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risktaker
Supreme |
15-Apr-2010 06:04
Yells: "Sometimes you think you know, but in fact you dont" |
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I strongly support your statement :) Its a Buy Call for Novo believe it or not :P
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grandmaster89
Veteran |
15-Apr-2010 01:35
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Dual Listing doesn't make a stock attractive. It is its under-lying business. Novo has a very profitable business and investors will realize it. The share price has been depressed because the company has been selling its treasury shares over the past 2 months in 3 batches to increase its free float thereby preventing the share price from moving upwards. A small free float and a small cap company generally means narrow price range. The company has recently sold all of its 36 million treasury shares at $0.23 so lets wait. Looking forward to its FY result in 2 months time. A net profit of US$13 million hmmm haha !!! Meanwhile, if it submits its proposal to HKSE or acquire new assets, its share price will appreciate. This stock is not for traders. If you can't hold, give it a miss.
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SecretGarden
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15-Apr-2010 01:13
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Daily trading vol not too low but traded in narrow price range....make it less attractive. Company wasted it's efford to get dual list.....if the counter is traded in such a narrow price range! Wasted my time to monitor this counter in past few weeks! |
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grandmaster89
Veteran |
14-Apr-2010 23:12
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This is not a S Chip. | ||||
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senecus
Veteran |
14-Apr-2010 22:28
Yells: "Market Fortune Telling - Senior MFT" |
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Great to see discipline trading been shared in this forum......china wind is very strong nowadays. China lovers can consider......because wave is coming. Not vested......have no liking on cheatna counters...singapore counters are better. 
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EoinkEoink
Member |
14-Apr-2010 17:08
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Yeah, agree with your comment. Real disappointed. Bought at 0.255, cut my loss today at 0.245. |
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highrisk1
Member |
14-Apr-2010 16:16
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Disappointed with your performance........ :( | ||||
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Hulumas
Supreme |
12-Apr-2010 23:23
Yells: "INVEST but not TRADE please!" |
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Shrink but not dry yet is still okay lah!
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