Xpress
XPRESS HOLDING NICHE EDGE POTENTIAL
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| Open : | 0.085 |
No. of Shares : | 1,384.519m |
PE : | 12.1 |
| High : | 0.085 |
Mkt Cap : | S$117.684m |
EPS : | S$0.007 |
| Low : | 0.085 |
52-Wk High : | 0.105 |
Div : | S$0.0013 |
| Last Close : | 0.085 |
52-Wk Low : | 0.040 |
Yield : | 1.5 |
| Remarks : | -- |
Avg. Vol : | 1,283,000 |
NAV : | S$0.084 |
The market is showing that it has accepted the valuation of this stock at $0.08. It is increasingly evident that the $0.085 price level is being accepted. As shown in the regression graph, the support is above 8 cents but below 8.5 cents.
This share hasn't moved a bit and still trapped between the two brackets of 0.08 and 0.09.
Management's corporate governance is "unknown", I don't like to say questionable.
Realization of assets plus placement of shares and redemption of convertible bonds does not tied in exactly. One is to raise cash or to profit off the asset. The other is to reduce cash. If they realise their asset to pay off the bond, then the bond's rate against them must be more than the growth potential of the asset.
Usually people does one of the two, you have cash extra or you don't. In fact, they look short on cash. Rarely I see corporates make such transactional shift in their portfolio. Unless they are de-leveraging, however, their business had only been just stable and growth potential is not there in Singapore. The recognised profits from asset sales will be taxable, but the benefit is no further dilution of the share possible by the convertibles.
Anyone knows why they are cashing out? Is there any expansion plan that they are reviewing? or are they just going too deep into the red?
Awaiting for Sgd. 0.065 then go in.
maximuslee ( Date: 01-Sep-2009 16:18) Posted:
| breakout to 10c soon? must be in your dream right |
|
breakout to 10c soon? must be in your dream right
watchout for the breakout to 10c soon!
somehow, i share the same opinion as u,
shplayer ( Date: 27-Jul-2009 15:19) Posted:
Perhaps I am too conservative.......but Xpress is of i one.net heritage.
Major shareholders and management have questionable issues on corporate governance.
This is a very good example of CAVEAT EMPTOR.
Above is my personnal opinion. |
|
if rowsley can cheong 4c, soon it will be xpress turn as a lot of accumulation at 8.5c for the past few days!
Perhaps I am too conservative.......but Xpress is of i one.net heritage.
Major shareholders and management have questionable issues on corporate governance.
This is a very good example of CAVEAT EMPTOR.
Above is my personnal opinion.
buy now before it hit above 10c! this time will be fast and furious!
XPRESS announced on 4 June 2009 it will be making early redemption of convertible bond to bondholder Credit Suisse.
Is this the reason why recent sudden increase in trading price and volume?
Any comments from anyone with expert knowledge about this matter? Thanks
Check OUT XPRESS which has established a NICHE EDGE for the UPTURN during the downturn. The COO is a Champion Talent reported in newpapers and on TV previously.
CHEERS!
