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ATTENTION !!!!!!! Look at DEVOTION
Take a good look at this counter, surely someone is slowly but surely accumulating on this counter, yesterday it was doing between 0.19 to 0.20, but close at 0.21 for 1 lot only. Vol: 204,000 shares
Today, 22.3.2007, it opens at 0.22, doing between 0.22 to 0.245 till now at 14:00hr. with a vol of 666,000.
FA gurus, any views.
FA gurus, anyone looking at this counter, DEVOTION, Singaporegal said, TA people should avoid due to poor vol, also price is below $1.00.
On the FA views, should we invest in this counter. Any views, any advice?????
Devotion Eco-Thermal, which develops and fabricates energy saving and central heating infrastructure, intends to set up a new wholly-owned subsidiary in Guangzhou, China, for a registered capital of US$12 million to manufacture and sell energy fuel.
Poor volumes on this counter... TA people avoid
London Asia Chinese Private Equity said it is investing 1.4 mln stg to buy an 11.8% stake in Devotion Eco-Thermal through a subscription to a placement of new shares and by acquiring existing Devotion shares. CEO Mr Chang Houchun said,
"The Chinese government's commitment to developing a more energy efficient economy, and reducing the reliance on fossil fuels, provides significant growth prospects for our company." The China-focused fund added that its executive director, Victor Ng, is also non-executive chairman of Devotion.