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on fri 13 july jade close at 32cts..time to move >30cts...
 Posted: Thu Aug 02, 2007 10:11 am Post subject: Jade will return to profitability this Fin year |
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CEO Dr.Anthony,former general practioner,has shepherded successfully several start-ups to market during his years as a private equity investor.He owns 52.7% in Jade and he started a medical device and a medical portal in the mid 1990s and was bought over with handsome profits..was a director of UOB Bio Ventures and helped set up UOB Bio Fund. He also set up Asia Growth Pte Ltd and remains as chairman and MD involves in investment holding and management.
In 2004 ,Dr.Soh successfully listed Cordlife ltd a co specialises in stem cell research and services in Australia and also China Medstar that specialises in cancer therapy and successfully listedon the UK's Alternative Investment Market in 2005.Dr Soh see Jade "s path to profitability lies in commodities and oil trading and expect Jade to be in the black this year. He also owns 30% of First Capital Growth Investment ltd(FCGIL) which saw revenues of S$760mil and has garnered an US $1.3 Billion and jade will be roped in to liase with the end purchasers of the Russian gas oil and assist in procuring storage and warehousing facilities for the gas oil..hence risk lies with FCGIL and not Jade but Jade will reap gross revenue $7.2 mil over the 12mth period and that this oil contracts is renewable year after year and DR.Soh stresses that" many more such contracts waiting for us" and Jade's profit margin from more such contracts could be very high.
Dr Soh claims Brian Beazer, Chairman of Jade has been involved in property and construction since 1956 and is a chairman of Beazer Homes USA Inc a residential property developer listed on NYSE. Chairman since 1996 with Jade,Brian is also a chairman of Jacuzzi Brands which makes plumbing products and NumereX Corp,a maker of communication products listed on Nasdaq.Hence Brian will provide good guidance to build >$200mil project within the Iskandar Development region in Johore, building a hospital,nursing training college,retirement resort and a hotel.
Altough Jade has aborted the IT ventures, it has intended to acquire a copper mine to enhance its existing lead frame maker and Soh points out that Jade's existing leadframe maker is still a US 6 billion business globally and that there are only 10 players worldwide and Jade is one of them.Jade was previously hit by rising raw material price especail copper and the intended purchase of a coppermine in Australia or Indonesia would prevent eroding of Jade's bottomline.What a good foresight..with new management team and new ideas especially incumbent Dr.Soh..Jade will soar again
Jade will be turn into an energy,commodities and real estate player.Hence its run up in share price is reasonable although analysts commented on its past losses but what the market looks for is its future potentials/investments especially with two successful giants Dr.Soh and Brian Beazer at its helm.strong buy for accumulation..may be another Keppel Corp
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if the share drop further, jade will become stone.
Jade is the only few counters that withstand the mkt onslaught....few shortist dare to touch as very few made by shorting Jade...when STI rebound jade may reach 40cts
The morning has not even ended and I had bought and sold for kopi $$$.
Back in the q and hope to repeat again in the afternoon.
A green day for jade..for those who have vest during my call @ .22. Congrats...
This is the begining of more great things to come.
J A D E gold J A D E !!!!
wow, jade seems to manage to withhold the downtrend during the start ... other counters have dipped much.
would it be able to hold on till closing?
Big Consolidation to support the price, preventing it to follow the market trend.
Jia You!!!
yea Pinnacle ...i agree not to be too optimistic during such times...trade cautiously as u won't wanna get burnt in this spiraling downward trend...sorry ivorycoast, i differ a bit from your views...in that i will be very surprise if Jade make it to 40cents very very soon....
Are we being too optimistic about this counter when the current market situation just look like the sky outside.
Dark cloud over the sky.
Not surprising if Jade make it to 40 again very very soon.
Will this go further north today or will be drag south by the market?
NOTICE OF EXTRAORDINARY GENERAL MEETING TO BE HELD ON 31 AUG2007, CIRCULAR DATED 16 AUG 2007 FOR PROPOSED PRIVATE PLACEMENT AND CIRUCLARDATED 16 AUG 2007 FOR PROPOSED SERVICE AGREEMENT WITH FCGIL.
Bulk volume at 0.30.
White knight appeared from nowhere to the rescue.
Hope white knight stay for a few more days.
quote="Eagle"]Congratulations to those who have vested. My updated source told me it is still save to go in even at $0.30, I just did with another 200 pcs. HO HO!!
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May consider loading up again tmr.[/quote]>shortist this counter is for shorting from 48 to 55cts not at this price 27.5cts still dare to short..remember last round those short at 36 to 40cts ..later push up to 44 to 50cts on day of buy in....>300lots buy in...shortists died painfully.MOUs signed all are with comapnies owned by Dr.Soh..sure go through except the MOU with Polymers..Besides Jade's major shareholder has sold 40mil between 40 to 55cts..now is time for them to buy back cheaply...>than enough $$$$ to mop up all shares
Any insider news to share here for JADE?
Hear anything?
what a surprise from Jade.....
If Dow recover tonite, yes, JADE will cheong even higher.
I am very impressed .....
Think Armarda or AdvSys or other cheong kings will probably catch up tomorrow .....
It is hard to say as market sentiments is bad and jade should gain in the morning, but due to the that it fell and regain its footings....
