SHS    Last:0.125   -

SeeHS Squeeze

Hamon Asset Mgt bought nearly 2.7m See Hup Seng shares at $0.35 on 5/5. No wonder it rose sharply that day. Hamon Asset Mgt now holds 5.19%.

 

See Hup Seng rose on speculation about robust earnings expectations. Others were talking about the counter moving onto the Mainboard.

 

ah_bui,

Can ask where did you hear that news from?

Will be interesting if the news is real.

 

heard SeeHS gg to be taken over . anyone heard this news?

dunno real or fake..

 

Should see some upward revision as it has been battled down from high of a dollar plus to current seventy cents level.

As the main contractor for Keppel Corp which has strong order book in the oil and rig sector, it defintely look attractive now...

 

 

Wow! really beautiful! now it surges up to 0.95 with hugh vol.

Would it be good time to enter now ? Any comment?

 

Beautiful show~!!!!!!!!!!!!!!!!! UP UP all the way to 0.90

 

 

Yes, Legg Mason always give a very heart attack show to counter they enter.

Waiting for show start...   

 

legg mason enter at 0.755. i think this counter have a good support at the region. looks interesting ..

 

Another LottVis?????

>> PART I

1.

Date of notice to issuer *

29-05-2007

2.

Name of Substantial Shareholder *

Legg Mason, Inc.

3.	Please tick one or more appropriate box(es): *
	Notice of a New Substantial Shareholder's interest. [Please complete Part II and IV]

>> PART II

1.

Date of change of Interest

28-05-2007

2.

Name of Registered Holder

(a) Hongkong and Shanghai Banking Corp Ltd (11,464,000 shares) (b) Citibank N.A., Singapore (1,960,000 shares) (c) DBS Bank Ltd, Singapore (10,976,000 shares)

3.	Circumstance(s) giving rise to the interest or change in interest	# Others
	# Please specify details	Placement

4.

Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change 14,400,000   As a percentage of issued share capital 3.99 %   No. of Shares which are subject of this notice 10,000,000   As a percentage of issued share capital 2.77 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.755     No. of Shares held after the change 24,400,000   As a percentage of issued share capital 6.77 %

>> PART III

1.

Date of change of [Select Option]

2.

The change in the percentage level

From % To %

3.	Circumstance(s) giving rise to the interest or change in interest	[Select Option]
	# Please specify details

4.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	14,400,000
As a percentage of issued share capital	0 %	3.99 %
No. of shares held after the change	0	24,400,000
As a percentage of issued share capital	0 %	6.77 %

Footnotes

The percentage of shares held before and after the change is based on the total issued shares of 360,566,100

 

Beware of  NEWS & ANALYSTS' repoorts (take it with a pinch of salt). Want to know more look at the CHARTs & news for ASIAPHARM (5/1/07) & others.....

There's SMART money floating around & they're waiting for us (the retail investors to go in) to buy up while they'll let go & exit..... TARGET PRICES are red herrings (sometimes) to lure the investing public to go in so that "smart money" can "sell" & get out...... !!!!

I'm not advocating that one should not buy when the BIG BOYs "buy" in volume..... just beware of the wind direction...... are they buying or are they selling ....... you have to learn to figure out the direction of the train ....

By the way..... the market is long overdue for a correction..... most ppl are anticipating this & in US the major indices eg DOW(-147.74), S&P 500 (-21.11) & Nasdaq (-46.60) dropped heavily this morning...... I heard that China is making an announcement on 15th May 2007 on their financial market. This may impact on the stock market there & the rest of the AP region........

As for the big drop in US this morning, is this the beginning of the "PULL BACK" that the market is waiting for ...... ???? So do be careful if you have short term trade,

Good luck & happy hunting......!!!

 

http://bp2.blogger.com/_pcThFr1v1Oc/RkHSTjEhgEI/AAAAAAAAAAU/C3HXgJ3PlyQ/s320/OT+Chart.jpg Squeeze breakout ends as of today. As far as SeeHS's ride is concerned, it's over for now. 52% profit gains. Cheers!

 

Congrats to all vested. :)

 

oops.. go see for yourselves, under announcements on sgx website or something.

 

FOR IMMEDIATE RELEASE

Legg Mason International Equities emerges

as substantial shareholder in See Hup Seng.

?

ordinary shares at S$0.755.Raises S$22.65 million by placing out 30,000,000 new

?

subscribing for 10,000,000 shares to increase stake to 6.9%

while AIG and Prudential subscribe to 4,000,000 shares

each.Legg Mason becomes substantial shareholder by

?

capacity, funding working capital requirements and potential

investment opportunities.

Net proceeds to be used substantially for expanding plant

 

DBSVickers targets $1!!!!!!!!!!!CHEONG AH!!!!!!!!!!

See Hup Seng Limited

Ride on the offshore boom

BUY S$0.79 Price Target : 12-Month S$ 1.00 (Initiating coverage)

Story: See Hup Seng (SHS) is a leading tank coating specialist and

corrosion prevention service provider serving the oil and gas, marine and

construction industries. It is a premier sub-contractor for Keppel

Shipyard, accounting for 70-80% of jobs in the area of tank coating, grit

blasting and painting. In the construction sector, it customers include

Yongnam and HG Metal.

Point: What is driving its earnings is its 2H06 acquisition of Speedo which

is involved in the high margin, specialized internal tank coating business,

raising its exposure to the marine and offshore sector especially Keppel.

It recently acquired Tat Petroleum, which holds the master distribution

rights for some of ExxonMobil?s key products in Asia Pacific. At the same

time, it has divested its loss making operations in China.

Relevance: SHS is poised to capitalize on the visibility of Keppel?s

Offshore & Marine?s order book of S$10.5bn with deliveries into 2010. We

expect earnings to surge from S$3.2m in FY06 to S$16m in FY07F as benefits

from its strategic acquisitions, divestment of loss making businesses,

auto-blast plant expansion that was commissioned in Dec 2006, new

management, and balance sheet restructuring come through. Initiate with a

Buy with a target price of S$1.00 based on 16x FY08F earnings.

 

Every biz there is a price tag on it. I called it a reasonable price. An egg buying in at 2cts, i can confidently sell at 10 cts. An egg bought at 12 cts, i still can try to sell at 13cts, but the risk is higher and customer difficult to find.

 

 

Signal shows a hold currently if you're still vested.  Signal has been active since April 13th at 0.52 cents.  Technicals look decent still.  If you're nicely in the money, then hold on.  If you're close to the current price, then make sure you have a tight stop loss.

Good luck.

 

Agatha, my advise is that above .65 is already too high for this stock. It shld be coming down soon.

 

Still can invest at .685??????