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Share consolidation 5 into 1. But from today's results, does not seem a good move. Already movement very quiet. Now at this price, not one single transaction even. Si liow.
tthsteve ( Date: 15-Sep-2011 11:55) Posted:
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anybody knows how come the price shoot up yesterday from $0.02 to $0.11
i bought this some time ago at 0.055 and sold it at 0.045 (almost 20% loss).. But luckily i sold them, now at 0.035!
not sure how the double listing will affect this. this is just too too penny already.
http://pick-the-winning-stock.blogspot.com/
whitegdn ( Date: 25-Apr-2011 13:26) Posted:
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Is this counter really no hope ?? Hoping to see strong earning in the 1st quarter... . then will decide next move to stay or to move on. Stagnation is wasting time, crawling down slowly is very dangerous becos by the time you realise is too late, as we tend to compromise each time it drops. Experts, do you see potential in this company ? Great day !
Gave up on this already. Comatose seriously.
whitegdn ( Date: 21-Apr-2011 11:03) Posted:
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sleeping and sleeping. .... almost more than a year seems like wasting time and money.... any advise as to whether to cut lost and invest in more active and better counters ?? Too quiet too long . .... should have some deals or contracts to keep we investors hooked and encouraged of the company's prospects. It seems like the mgt is not hungry or fire up enough... ...please comments.. Now I start to wonder did I pick the right counter.. .
Halt ?? Scary don't know good or bad news ??
Trading Halt called today. Anyone got info to share? Good news ?
steveleehs ( Date: 05-Jan-2011 19:28) Posted:
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SWING MEDIA BUYS BUSINESS AND ASSETS OF GREEN
ENERGY COMPANY
Singapore, 5th January 2011 – Singapore Exchange Mainboard-listed company Swing
Media Technology Group Limited (“Swing Media” or “Company”), is pleased to
announce that it is acquiring the business and assets of Shanghai Hui Yang New Energy
Technology Co., Ltd (“Shanghai Hui Yang”) for RMB 6.0 million.
Upon successful completion of the agreement, Swing Media will acquire from Shanghai
Hui Yang, the business of turn-key installation and after sale service of solar powered
energy systems and energy-saving LED lighting systems and intellectual property rights
including 5 registered patents in relation to the installation of solar and/ or wind powered
energy systems in petrol stations. The acquisition includes all contracts, agreements or
arrangements to be entered into pursuant to the co-operation agreement between
Shanghai Hui Yang and Shanghai CNPC Enterprise Group Co., Ltd. 上海中油企业集团
有限公司, a company associated with PetroChina Company Limited (中国石油天然气
股份有限公司), in connection with the provision of turn-key installations of solar
powered energy systems to 500 petrol stations in PRC.
Said Swing Media’s CEO, Matthew Hui, “The acquisition of the assets of Shanghai
Hui Yang marks a new chapter for the Group. The potential for solar/ wind powered
energy systems in China is tremendous given the PRC’s commitment to combat climate
change. The PRC government will provide subsidies and other incentives to encourage
green energy development and usage. We strongly believe that this green energy
venture will provide us with a significant new wing of business and enhance the value
of the Company in the long run.”
Shanghai Hui Yang’s solar energy systems have already been installed in several petrol
stations and its LED lighting systems are already in use in several military installations.
Added Mr. Hui, “Over the past two years, we have been strengthening our balance
sheet; reducing our borrowings and improving our equity, without compromising on
our commitment towards growing our earnings. This now positions us for the next
level of expansion, which we have identified to be the green energy business.”
In November 2010, Swing Media reported an improvement in sales and profit for the half
year ended 30 September 2010. The Company also steadily improved its financial
position, steadily reducing its net gearing from 0.55x as at 30 September 2009 to 0.28x as
at 31 March 2010 to 0.19x as at 30 September 2010.
TIME TO FLY!!
Sales up, profit up, EPS down due to right issue and private placement which has already factored in the price. If it can manage EPS of 6 HK cts (SGD 1 cent) this year, SGD 4.5 cents looks attractive.
I thought the green energy deal has expired, but they said that:
The Group’s green energy initiative following the signing of a Sales and Purchase Agreement to acquire a 80% stake in Shanghai Hui Yang New Energy Technology Co., Ltd (“Shanghai Hui Yang”), is progressing well. Shanghai Hui Yang has patents in, and offers turnkey installation and service of solar energy systems and sale of energy-saving LED lighting.
maybe there is still hope.
Good to buy now?
Announcement for the new green energy business is due next week. If the deal is materialized, this counter can spring up high.
YES, it is noted.
shuishui ( Date: 05-Apr-2010 22:32) Posted:
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thanks for the info, melchamp.
Dual listing and new solar panel business!! Hope it chiong chiong chiong like China XLX!!
see link
http://www.remisiers.org/research//07Apr10-SwingMedia%20buy%20DMG.pdf
Any idea why this counter has such high trade volume today?
gross profit margin for 2004 to 2008 is all around 35% n 2009 is 27.3%
increase sales with gd profit for the 5 years? thanks
shuishui ( Date: 05-Apr-2010 23:03) Posted:
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price/earning ratio @ 3.0........................price/ sales ratio @ 0.39..................price/ book value @ 0.28...................5 consecutive yr of sales increases fm 2004 to 2009.........................long term debt/equity @ 0.31.......................going for dual list soon in h.k...... another new source of trade (solar) in prc............................
May I know what is your recommendation based on? Thks
shuishui ( Date: 05-Apr-2010 22:32) Posted:
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