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At the current level, this counter can easily achieve 10 to 20% profit. worth a try!!! If it hit NTA, then can laugh to the bank alr.......
finally.....major action beginning!!!! 1st round action hopefully back to NTA price of 14.5c
price marker at 10.5c..hopefully something brewing considering married deal done almost 2 weeks ago
Putting its cashhoard to use in China???
JADASON ENTERPRISES LTD (REG. NO. 199003898K) NEW SUBSIDIARY The Board of Directors wishes to announce that Jadason Enterprises (HK) Limited, a wholly owned subsidiary of the Company, has established a wholly-owned subsidiary, Jack Printing Limited Company, in the People’s Republic of China. Jack Printing Limited Company has a registered capital of HK$12,000,000. Its intended principal activity is the provision of printing (on demand) services in China. The establishment of Jack Printing Limited Company is not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of Jadason Enterprises Ltd for the current financial year. None of the directors or controlling shareholders of the Company has any interests, direct or indirect, in the above transaction. Fung Chi Wai Chief Executive Officer 11 January 2010
16.4m done today. excluding the married deal of 14.5m......1.9m done.
It will be interesting to see who the seller and buyer is if there's any disclosure.
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Big married deal 14.5m done just minutes ago....
east wind coming soon!! |
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Big married deal 14.5m done just minutes ago....
east wind coming soon!! |
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Interesting to see today's trade.
Someone did a 1 lot trade buy up at 10c to mark the price.......just 30 seconds later, 15 lots thrown to the 0.095 and thereafter in after market trade, another 29 lots thrown to leave just 2 lots at 0.095 buying.
Pretty obvious counter is not ready by BB for any movement but good to know it's being watched carefully....
vested
I was taking a look at stocks that meet 4 key critieria.
a. Still trading below NTA with decent cash per share
b. substantial changes to the top 20 shareholders year on year
c. significant accumulation over the last 7 months esp in the last 4 months ( assuming by insiders / BB taking out patiently taking out stale bulls).
d. profit recovery or from loss to profit position.
Several caught my eye. Mercantor, AEI, Jadason among others. That have added to my current positions in Achieva, SMB, Aztech.
Looking at Jadason : here's a nutshell. It's in a PCB Industry with exposure to the Chinese PCB industry.
a. trading at 0.0.95 / 0.10. It's 40% below its NTA of about 14c.
Cash per share is almost 4c / share or 28m
b. some 200m shares were traded between 7c to 11c in the last 7 months. I excluded the trading volume from 4c to 7c as it was low. It has gone through 3 - 4 rounds of spikes in price and volume. To me, that's the classic re-accumulation phase of the counter. There has been company share buybacks at 7 to 8c too in the period. Bodes well.
c. I then took a look at the top 20 shareholders and the float. There has been significant changes in nominee account holdings of the stock in the top 20 shareholder list. Presumebly one, with over 40m shares held in 2008, now gone and replaced by another. There are also less shareholders as of its printed date of the Annual report of 2009 to 2008 in mid march 2009.
d. At its price peak of 25-28c, counter was profitable with about 10m.
It took a hit in FY2008 with the crisis and large drop in the PCB industry booking a loss. dividends was suspended....etc
it's 3Q reports show strong recovery in profits to over 2m in the 3rd quarter though there was a $1m forex gain.
It's profit recoveery exposure is to 3G China market and recovering PCB market. Another key critieria, it's cashflow positive.
My feel is the company is turning around significantly hence the quiet movement and accumulation of the stock..... esp from 8c to 10c which formed the bulk of the volume in the last 4 months alone.
One of the few decent stocks still trading below NTA price to watch.....