Z-Obee   

IPO -- Zobee

avoid this counter..may be another Hengxin...TP 25cts

 

It seems your shorting is working men, so how much you make S$kopi for 2day ?? Well done ! Initially I also feel like shorting this morning, but last minute chicken out. Just watch the price going down. In fact I bought in at S$0.3 this morning and still holding, felt that handphone business should be ok , prepare to pay up and collect then. Good Luck.

 

Nickyng - R u try to "short sell" your own life (then u can't live  beyond 85 to collect some annunity, as suggested by our govt) by short selling Z-Obee.  The "Bee" surely has got "hornet stings" - may "sting" u to "heaven".  Heaven can't wait for u?  Seems to be moving up coz' float is NOT big (only 129 million shares) like ChinaNTown's (400 million)  You may end up like, , hehe!!!  Not vested, lah.

 

just SHORT it down lah....wont regret wan :P

 

 

dynamic color float is very small.... might be caught by the buy-in backlash... so better don't short... being small float and having long term placee for placement.. it probably will surprise on the upside.. let's not forget about soup restaurant IPO.. small and destined to tank. but now still above water 0.325 versus IPO of 0.21..

 

This is undervalue, and the share got potential ! I think can go in at S$0.3 - S$0.31, still below IPO ! What do you all think, pls comment ???

 

Shares of Z-Obee Holdings, which designs mobile phones in
China, will start trade at 9 a.m. (0100 GMT) after fetching an
IPO price of S$0.34.

 

i have no experience in shorting IPO? why someone said cannot short dynamic color? how about this one, can shrot? thk.

 

Usually, stocknames that start with a "Z" are disappointing investments. Don't know if it's a fengshui thing that they never do well overtime.

Can Z-obee break tradition? I won't bet on it.

 

DJ MARKET TALK: Z-obee May Have Modest Gains On SGX Debut (2007-11-20 03:57:00)

 

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0357 GMT [Dow Jones] Z-obee Holdings may clock modest gains on SGX debut tomorrow amid current volatile market conditions. Analyst at local brokerage says some investors expect stock to trade at 12-13X historical P/E, translating to S$0.44 vs IPO price of S$0.34 (based on 10X historical P/E); "it''s not fantastic but there''s still a bit of upside." China-based handset designer, maker offered 129 million shares - 124 million placement shares, rest for public with subscription rates out later in day. Analyst says firm has edge over rival Longcheer (L28.SG) as latter offers merely handset design solutions; adds while valuation of 10X P/E "a bit high" in Singapore market "it''s not expensive if you look at China comparables, given the addressable market there." Firm plans to use net proceeds of S$26.8 million on R&D, working capital. Longcheer''s 2005 IPO price of S$0.46 pegged at 7X historical P/E.(FKH)

 

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(END) Dow Jones Newswires

November 19, 2007 22:57 ET (03:57 GMT)

Copyright (c) 2007 Dow Jones & Company, Inc.