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Ha ha, if AK not mistaken, d last single day high gain was 35 cts in 07. Now 44 cts, amazing.
Again demand n supply issue. If world economy show sign of recovery, ds burger will orchestra in tendem as well, though with some panic issue in oil export country, ie Nigeria etc. Just AK thought, no calling.
i thk oil will be 65 to 70 by june or july.
Seems like the rally is due to:
1) The Right >> rumours on the possibility
2) Oil price up again.
If above 2 goes off, we may see a free fall. Just be careful. Current price for goldenagri..... can it be justify?
If u think still ok, just go for it than. Just remember when needs to cut lost, just cut lost. CHEERS.
good eye sight, if you see the commentary by skully the Shrek , he spotted the revaluation, yes it is all good report analysis, the market, the dealer also know but a different rule - it is poker...if you play with BB, you play using poker rule, if you play with aunty you play using fun-the-mental. the behaviour is so drastically different, so one need to enter the market with awareness of different type of game being played here.
Ha ha, could it be strong wind follows by thunder storm????
Fishcake ( Date: 20-May-2009 17:01) Posted:
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oh another point - any idea why sudden they remove the "Net gain from changes in fair value of biological assets" ?? In the past, when the gain is huge, there was no talk about valuing it only annually, so just wonder why suddenly they change the policy.
need to be careful on this one.
Though the decision had not been made about the rights issue, one should look at their financial standing as of end 31 Mar :
- cash/cash equivalent : $127m
- loan repayment within 1 year or on demand : $300m
==> immediate 1 year liability > cash
In Q1 itself,
- proceeds from short term and long term borrowing : $147m
- repayment for short term and long term borrowing : $140m
==> they are borrowing more than loan repayment
Without this extra borrowing, the net decrease in cash for Q1 would be >$10m
Any opinion on the above?
hehe..0.47 is not the price to sell yet, it will continue to rally another day tomorrow, the Rights issue is only a cheap option to be operational comfortable, bond and loans are not so good at the moment, but the company does not really need the cash, it maybe seeing Capitaland raise rights and oso follow. There will be 50 cents to come, tomorrow maybe more as it may continue to rally up to tomorrow lunch and take a breath before another run....just saw the Ah Pek's crystal ball in the kopitiam...DOYHW&DD
Goldenagri seems like over rally leh. Been rally for around 3 to 4 days. Emm those contra player maybe be taking action soon. Have to be careful.
Maybe my theory was correct, now some serious buying going on, I am joining in also to accumulate, hehe...50 cents easily..
I sold off at$0.445, now its at $0.48. My heart pains again, but this has become a normal for me. Happened so many times liao...now can only saliva....
Hi all, don't u guys think goldenagri rise too fast. If the RIGHT things don't surfaced up at all, will that cause free fall to the share? Can help enlighten...?
AK is wise, there are better counters, my point is to keep an eye on this one, maybe a good opportunity because everyone is eyeing the others...but run a little risk of having to cough up to pay for Rights....
Its market cap is second out d 4 palm oil coy listed in Spore. But third bro, Indo Agri out perform him. Big brother, Wilma shining all d way. Youngest one, First Resource not that shining as well.
MFTs recommended both Wilma n Indo Agri, at today paper. AK reduce weight on GAR yesterday, due to its impending Right issue, it may tie me down. Safe is better than cure.
Above no calling.
Lets test out this scenario...lets say I want to buy some of my company shares, it has gone up too much already, what are the ways to bring it down before I can buy more without breaking the bank? Revalue the company to its disadvantage...can maybe? Raise rights issue while gearing is low?...likely maybe people think we are going to gobble up somebody else, maybe we skrewed up somewhere need the share holder to cough up money...possible.
My guess (caveat emptor) is the Rights issue is due to one of the two suspected reasons, maybe just simply prudent to ensure sufficient capital for future development (capex, refineries, transportation, etc) as there is a predction of sky high interest rate on the distant horizon...(read news somewhere last few days)..Capitaland also raise rights issue and ignited its rocket engine...maybe the golden boy also wants to play with rocket but got backfired?
Whatever it is this golden boy is doing something, I think is for the benefit of the company, palm oil is here to stay, Malaysia already predicted it will rally later part of the year. The premium is worth paying in my view. The talk about "cartel" (illegal in WTO right?), etc will further fuel the burning of palm oil, hence the golden boy comes in....I say whatever it is is still no concrete basis to downgrade it to hold, I think it is still a value investment in the long and mid run.
Let's hope so ^
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GOLDEN AGRI
waynekwek ( Date: 18-May-2009 22:03) Posted:
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Looks like DJ is doing well tonight, maybe this will help push the price up. Can Mr Golden hit $0.42 or higher this week?
Actually Fruitty, Mr Golden held up extremely well today in my opinion given all the negative news. Plus sentiments' sweetening. Look at DOW tonite for clue. Of course you are still right that the conditions seem all set for a rights issue. Cheers.
I sold Golden cheap today (but with profit).
Am concerned about their large no. of shares (even larger than Wilmar), high percent of profit drop as compared to other palm oil companies and the very possible rights issue.
When the oil price goes up (yes definately it will) then suddenly the palm oil will also go up. Other renewable technology is so far away to really make any difference, can you put up a wind farm solar cell in the next few months and run all yor lorries with electric? There are many biodesiel plants already or close to completion, so it is not too far for the palm oil DNA to take a ride in the old smoking lorries going up and down Sumatera and Java carrying more palm kernel for refining.....Cant see how you can loose on this if you go for long term. Shortist, ya it sucks...