Contel   

Absolute jewel

sit tight, relax and enjoy the ride.

 

With the stumbling block gone, this counter is poised to hit new highs, will wanna see this one breached 23cts before accumulating more. strong accumulation at 22.5 to 23cts.

 

What is the next target price ?

 

So far 5.6mil shs done at 23cts. Great volume!!!

 

should have more to come...

 

Excellent, just hit 23 cts!!!

 

they are playing game.hope we dnt let them play out...watchout...make enough sell ..after sell  i wnt turn back..hw abt u?

 

Finally, some good news.  See announcement on SGX website : 

"TERMINATION OF SUBSCRIPTION AGREEMENT (THE "SUBSCRIPTION AGREEMENT") DATED 7 JUNE 2006 RELATING TO THE ISSUE OF UNSECURED NON-INTEREST BEARING CONVERTIBLE NOTES DUE 2011 WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO S$50,000,000 COMPRISING TEN EQUAL TRANCHES OF A PRINCIPAL AMOUNT OF S$5,000,000 EACH (THE "NOTES") TO ADVANCE OPPORTUNITIES FUND  "

Can finally see the end of the conversion overhang 

 

Great news!!!

With the remaining tranche annulled, this stock is definitely poised for a break out. Should see 23 cts soon. Volume is healthy with about 6.1mil done at $0.215 so far. Hope it will go back up to the 30cts range.

Good Luck!

 

 

 

Outstanding notes annulled.. No more notes conversion. Great move, time for a breakout finally

 

nice volume, still remember that contel's volume is only around 200 lots a day back in feb.. now trading in 10,000 lots a day..

 

Not surprise if 23 cents could be achieved much earlier than expected .....

 

*click click*

 

 

 

Contel looks ready for another explosive breakout.

 

Hang on ..... and put on your seat belt .....

 

think have to wait for a few days to clear out the contra players before it moves up.

i see a similarity between the 11Apr and 11Jun...

should be going to test 23cents pretty soon

 

Hi Centaur,

Definitely. Contel is very much under valued. Given its small market capitalization, institutional players may not be covering these "small" counters.

However, as you have pointed out correctly, the fundamentals are excellent and there is no reason why its stock price should not go up based on its fundamentals.

I remember another stock, Jiutian, was under valued too. Its price was below 50cts last yr and now it is trading at about $2.5. 

I am vested and intend to hold on to this stock for the long term, till the fundamentals indicate a deterioraton. Would like to quote Warren Buffett: "Short-term the market is a voting machine, long term the market is a weighing machine." We just have to be patient for its value to be un-locked.

 

 

 

 

Yup ..... haven't squeeze this fella yet .....

 

Time for a strong squeeze here too

 

i mean look at what the company is trying to tell us... Great maiden profits, managment confidence in future growth prospects, patented products which is not easily copied etc etc.. On the market front, pp are moving to digital products which means a larger market in the future. Competitors analysis: contel products deem to have same quality but at a much cheaper cost as compared to europe, US counterparts. Moving into and expanding its foreign market.. have confidence in this one ya..

 

 

Hi, davecsh, sunnytan and ivorycoast

Great to hear from you guys.

Of course, the  conversion will lead to a dilution of EPS, s/rholders dissatisfaction etc. Else, why do you think the counter have been so underpriced? haha.

For the mid to long term holders, think can whack this counter now that its still low. Of course, now that the market is so hot, others might want to relook into this counter later since there might be better offers out there. I'm vested in this one as i'm not so sure if i can purchase at such a low price later.

Please evaluate carefully before taking the plunge ya. Meanwhile, good luck and happy vesting.