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Any idea why there isnt any movement in this stock?
Heng Long up 6.25% to 59.5 cents at 10:35 a.m.
Stock of Heng Long International, the producer of crocodile leather, has jumped by 6.25% to 59.5 cents ay 10:35 a.m. after French luxury goods group LVMH Moet Hennessy Louis Vuitton reported on Friday it planned to buy a 51% controlling stake in the company.
LVMH Moët Hennessy and the Koh family, the founders and controlling shareholders of Heng Long International Ltd. have reached an agreement to jointly own and control Heng Long. Under this agreement, HLI Holding Pte. Ltd., a dedicated holding company, will make a cash offer for 100% of the outstanding shares in Heng Long for a total consideration of S$160.8 million (i.e. approximately €92million). HLI has received irrevocable undertakings from the Koh family to accept the Offer in respect of their entire shareholding interest of Heng Long shares, representing approximately 74% of the total issued share capital of Heng Long. Following the close of the Offer, the Koh family will re-invest a substantial portion of their proceeds from accepting the Offer and, as a result, HLI will be owned 51% by LVMH and 49% by the Koh family. (S$0.56, -%)
Heng Long International, the supplier of crocodilian leather, says the Asia-Pacific unit of LVMH, the French manufacturer of luxury goods such as wine, watches and leather goods, has made a voluntary conditional cash offer valued at $120 million to acquire all the issued and paid-up ordinary shares of the company.
LVMH is offering to buy 197.5 million shares at 61 cents each. The offer price represents a premium of 76.5% over Heng Long’s last traded price of 34 cents on May 5.
After the completion of sale, LVMH Asia and Heng Long’s management will hold 51% and 49% of the total issued share capital respectively.
LVMH says the acquisition of Heng Long would help to procure high quality crocodilian skins for the manufacture of premium leather accessories sold and marketed by LVMH Group brands.
Heng Long has undergone for a long technical correction for almost two months . It has rebounded since beginning of this week to close at 47.5 cents with heavy volume . Daily ADX was turning up from 21 and DIs are positively crossed . RSI is also positive at 68 . If Heng Long could continue surging with heavy volume breaking new high , its upside target would be 81 cents .
Bintang ( Date: 21-Jul-2011 20:31) Posted:
Heng Long has made a correction for almost two months , n pulling back to the Fibo's 50 % at 39 cents .It would have completed the correction for making a turned around recently . Now the resistances are at 45 cents n 51 cents respectively .
Bintang ( Date: 17-Jul-2011 12:46) Posted:
| Heng Long did not hold above 43.5 cents , it continued the pull back . It may to reach the 50 % Fibo zone at 38 cents n is still above 100MA . Weekly ADX is falling but DIs are still intact |
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ITS THE FINAL COUNT DOWN.
ITS THE FINAL COUNT DOWN.
THIS IS A VERY NICE SONG.
Heng Long has made a correction for almost two months , n pulling back to the Fibo's 50 % at 39 cents .It would have completed the correction for making a turned around recently . Now the resistances are at 45 cents n 51 cents respectively .
Bintang ( Date: 17-Jul-2011 12:46) Posted:
Heng Long did not hold above 43.5 cents , it continued the pull back . It may to reach the 50 % Fibo zone at 38 cents n is still above 100MA . Weekly ADX is falling but DIs are still intact .
Bintang ( Date: 06-Jun-2011 13:54) Posted:
| Heng Long has pulled for a minor correction last week to reach 43.5 cents . After this short correction , the support is now at 43.5 cents , n the upside target to reach would be above 80 cents |
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Heng Long did not hold above 43.5 cents , it continued the pull back . It may to reach the 50 % Fibo zone at 38 cents n is still above 100MA . Weekly ADX is falling but DIs are still intact .
Bintang ( Date: 06-Jun-2011 13:54) Posted:
Heng Long has pulled for a minor correction last week to reach 43.5 cents . After this short correction , the support is now at 43.5 cents , n the upside target to reach would be above 80 cents .
Bintang ( Date: 19-May-2011 12:41) Posted:
| Heng Long has been in the tight range since its IPO for almost three years . It broke the rectangular formation on 10/05/11 with healthy volume n went into a new uptrend .ADX is rising while directional movement index are positively placed .RSI is at over-bought position . Chaikin Oscillator which is showing powerful uptrend is at new high . |
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wanted to go in when it was 50++ cents, lucky nv.
dunno now if should enter, it has retraced to 50% of the rise, nt sure if it will hit the 67% retracement mark
but just worry, with the recovery of economy getting weaker, it may affect demand for luxury gds, later affect the takeover :(
why taking so long?
Heng Long target of takeover ,
1. On 6 may the company announce Non Binding Expression of Interest.
2. On 6 June there was an updated announcement regarding the takeover.
3. On 6 July there was a Second updated announcement regarding the takeover.
4. Therefor the final announcement regarding the takeover will be
Heng Long has pulled for a minor correction last week to reach 43.5 cents . After this short correction , the support is now at 43.5 cents , n the upside target to reach would be above 80 cents .
Bintang ( Date: 19-May-2011 12:41) Posted:
| Heng Long has been in the tight range since its IPO for almost three years . It broke the rectangular formation on 10/05/11 with healthy volume n went into a new uptrend .ADX is rising while directional movement index are positively placed .RSI is at over-bought position . Chaikin Oscillator which is showing powerful uptrend is at new high . |
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Yes , it may go up further .
mooo000 ( Date: 19-May-2011 13:14) Posted:
| hi sorry a newbie here, so means if uptrend is intact, even if RSI is overbought, its still a gd sign?
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hi sorry a newbie here, so means if uptrend is intact, even if RSI is overbought, its still a gd sign?
RSI in over-bought position means the uptrend is in powerful uptrend n may last for some times.
mooo000 ( Date: 19-May-2011 12:56) Posted:
Bintang, so means all are pting to uptrend except RSI is showing overbought? so can buy? saw the announcement previously, it had a non-binding agreement of interest something, could there be a possible buyout?
tks
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Bintang, so means all are pting to uptrend except RSI is showing overbought? so can buy? saw the announcement previously, it had a non-binding agreement of interest something, could there be a possible buyout?
tks
Heng Long has been in the tight range since its IPO for almost three years . It broke the rectangular formation on 10/05/11 with healthy volume n went into a new uptrend .ADX is rising while directional movement index are positively placed .RSI is at over-bought position . Chaikin Oscillator which is showing powerful uptrend is at new high .
The counters you talked about are from different classes, so it is difficult to compare apples with oranges.
But on the whole I disagree that a Co like Heng Long will go under when it is making money yearly.
Hi, new here. But I think as Mr Laulan puts it. "This counter has been rarely traded". So by the time singtel reaches sky high prices, this stock could still be dangling at current pricing coz nobody to push it up.
Laulan ( Date: 03-Jul-2009 11:25) Posted:
One year has passed, yet this counter had been rarely traded. A rare gem of penny stock status, its income and profit had been quite a good show. Dividend was good. Last month I got $64 for 5 lots, quite a good yield and better than bank rate to market price of the stock. Saw some unusual movements yesterday and think can try to buy more.
Nokita ( Date: 24-Nov-2008 11:31) Posted:
i dont think Heng Long is well known yet. it was listed in July this year, not exactly a time when investors were looking for new ideas. but after reading an article, i think worth sharing abt this business - an unusual one in singapore, and a survivor from the competition of the past few decades in singapore.
i copy picture from website http://www.nextinsight.com.sg/content/view/727/60/
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