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I'll only consider buying it at 5cts......closer to its NAV. and the exercise price of its wrt.
I also think that, since now the price so low i have bought another 50 lots.
Volume is still very high for this counter despite the volatility in the market now, probably the Contra players pulling out.
I still believe in Freightlinks fundamentals.
Vested
Good stock in the long run....good profitable business but too bad got drag down by poor market sentiment...vested.
But i just monitor, got people buy back.
No particular news that i'm aware of so far....its just that the party maybe over this time round and everyone keeps exercising their wrts at 5cts into mother shares which led to increase in overall share issued. Final target is 2.7b.
Anyone can tell me what happen to this counter today? Any bad news coming?
Some brokerage house use A,B instead of B,S but the concept is the same. A refer to Ask and B refer to bid. English word Ask means someone wanna sell and is asking for that price. If the entry is flagged as A means someone buy up from that seller. Bid means someone wanna buy and is bidding for that price. If the entry is flagged as B means someone sell down to that buyer.
I feel the brokerage house should standardised the english word using either A,B pair or B,S pair to prevent confusion as retail investor could be using different brokerage software to trade :)
You would have to decide for yourself.
You can check the whole day's bid and ask and trade summary with the broking house online.
| 14:05:14 | 0.125 | 100,000 | A |
| 14:05:09 | 0.125 | 30,000 | A |
| 14:03:00 | 0.125 | 100,000 | A |
| 14:00:19 | 0.125 | 1,252,000 | B |
| 14:00:03 | 0.125 | 4,000,000 | B |
| 13:59:06 | 0.125 | 800,000 | A |
| 12:04:47 | 0.125 | 10,000 | B |
| 11:43:16 | 0.125 | 100,000 | B |
| 11:21:45 | 0.130 | 48,000 | A |
| 11:06:28 | 0.130 | 50,000 | A |
| 10:57:21 | 0.130 | 70,000 |
Then what is your advice? Should I keep it or sell it?
Hi Amily,
Check to figures out. Check the PE ratio out. Accordingly it is 18.57 today at noon. Is it good? Compare with other stocks how does it average out. Make your own conclusions. Fair value is a matter of perception and keep your eyes open.
I tink fair price is a pretty subjective topic on it's own. A lot are based on projections and forecast and some assumptions or even extrapolate based on past historical data. One person fair price may not be fair to another person. Nobody is right or wrong. Of cuz if a lot of ppl fair price is around say $1 region and one person perception of fair price is 10 cents then I tink majority wins isn't it? Majority override minority when the fair price gulf is too wide? :)
The key is: "Must buy below fair value to make a profit"!
Back to school now..... base on ~ 2.7b shares, the company current profit ~13.5mils, buy at 13cts will give you EPS of 0.5cts which takes you 27yrs to recover your capital assuming that profit remain constant.
It is a fair value? You decide. I'm not vested.
Thanks your advise..but i saw people start buying back at this price and also this price is fair price according to EDGE.
Be careful.....this counter though profitable in the last few years is worth less than 5cents/share, with 2.7b of outstanding share issue including all eventually exercisable wrt, it will worth lesser.
I have buy another 50 lots since this is reasonal price now. Hope one day, it will jump up again.
There were some big buy in yesterday, compared to other days for this counter. The selling lots were mostly small.
a look at the chart, it going south..maybe buy somemore when it like 0.12??
I can't help but come to the conclusion that the Edge report to sell at TP $0.13 was meant to induce the price down.
Since Fri and this morning, the large bid volumes only come in at 0.14 on and off taunting the sellers at 0.15.
Thought I saw a report by S&P that covered the stock with projection of net profit at $10 MIL was reached in 06. Did they too downgrade this stock of late?
The news of more new chemical plants at Jurong 07/08 in BT this morning is good news for FL.
a stock which i think is worth the time and money to invest in....Im into it also.. hahaha