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1-11 of 11
Golden cross formed and MACD has already crossed the signal line, but not much positive movement
Cool, checking out this forum friend introduced.
This is one of the stocks I am holding. Good run this week.
Onwards to 60 cents!
alvinngsh ( Date: 21-Oct-2013 21:30) Posted:
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It is time for Loyz to move towards 0.50 soon.
Octavia ( Date: 16-Oct-2013 10:14) Posted:
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Auditor remarks if no extension of oil drilling license company will lost USD 10 M , placement is to cover this lost if occured ?...
LOYZ Energy Ltd said on Wednesday that it was planning to place 50 million new shares at S$0.35 each to raise net proceeds of S$17.46 million.
The price is at a 9.8 per cent discount to the volume weighted average price for trades done on Oct 10, 2013.
Loyz was last trading around 41 cents a share before trading was halted on Oct 11.
The company has on Oct 14 entered into a placement agreement with 30 private investors.
This share had moved up strongly today. Anyone had any comment?
Sim Siang Choon Ltd announced that its wholly owned subsidiary, Loyz Oil Pte Ltd, has
signed a term sheet with Rex Oil & Gas Limited under which they will begin by jointly
exploring 35 areas within the Asia-Pacific region, including India , Indonesia and New Zealand .
Loyz Oil will identify potential areas while Rex will use its proprietary technologies to
conduct uniquely tailored studies. Under the terms of the term sheet, parties are to
enter into a definitive agreement within 45 days of the fulfilment of the conditions precedent in the term sheet.
/sgx/
SimSiangChoon, Poh Tiong Choon, LeeMetal and so many others are family owned business go IPO. They are enjoying a good run in the share market as more investors come to realize these small little outfits are not so bad compared to their bigger competitors. Their market cap maybe small but being small means nimble and able to react fast enuff to any adverse situations facing the company.
Having said that the down side to these family owned business is their top management are closely guarded by their own family related members. Does this mean they may collude to input false figures to their financials to make them look good?
I believe the founder of those companies are straight honest loyalty businessmen but we cannot say for their later generations as more monies come in greed take over and someday scandal may come out? Too family owned business reminds me of those HK drama serial consequences :P
Hi so can still buy as you mention right? Got any target price?
Hi Victorian, notice you particularly fond of tight float stocks which have strong family controls. Any particular reasons? Better management? Thks for your very detailed analysis which I learnt a lot.