Unisteel   

Unisteel

Thanks Easton Bay. It's a poket game. When fund manager wishes to sell, they will buy in at large quantity creating euphoria in the mkt. And when there are enough buyers for their large quantity, they let go all they have bought + their own holding that they intended to sell, letting the last fool to hold the baby. Likewise for the other way round. What I see is that they are FM not into the business. Why would they want to dump the share of a stable earning company? For one reason, they want to create pessimism in the mkt and collect them later. I am sure there is a reason why Unisteel reject the MOU with JC Metal. I will be vested soon! Cheers.

 

Good stuff EastonBay!\

 

precisely this kinda of BBs dumping creates opportunities for SHORTING gains..and perhaps LONG TERM non-contra GAINS as well ? hee.....either can make $$ hapi liao leh :)

 

Just checked again. In fact CGC started disposing end June from owning 13% then to 9.12% now(52million shares to 36.6million shares now).

 

1.

Date of change of Interest

27-06-2007

2.

The change in the percentage level

From 13.0045 % To 12.7428 %

3.	Circumstance(s) giving rise to the interest or change in interest	# Others
	# Please specify details	Shares were disposed of through open market transactions at shareholder discretion.

4.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

Shares were disposed of through a transaction on 27/6/2007.

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	52,286,967
As a percentage of issued share capital	0 %	13.0045 %
No. of shares held after the change	0	51,234,967
As a percentage of issued share capital	0 %	12.7428 %

 

ideasa168, I think the slide started when a major investor/fund house reduced their holding. They sold over 7 million shares in the open market. It kinda sending -ve signal to retail investors and thus pushing px down..  as follows:

 

1.

Date of notice to issuer *

12-07-2007

2.

Name of Substantial Shareholder *

THE CAPITAL GROUP COMPANIES, INC. ("CGC")

 

1.

Date of change of Interest

11-07-2007

2.

The change in the percentage level

From 10.8396 % To 9.1243 %

3.	Circumstance(s) giving rise to the interest or change in interest	# Others
	# Please specify details	Shares were disposed of through open market transactions at shareholder discretion.

4.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

Shares were disposed of through a series of transactions on 11/7/2007.

No. of shares held before the change	0	43,582,530
As a percentage of issued share capital	0 %	10.8396 %
No. of shares held after the change	0	36,686,030
As a percentage of issued share capital	0 %	9.1243 %

 

ideasa168, there is no other news except the MOU termination with JC Metal I know of. I agree, it could be overly stressed.

 

aya..well looks like some BBs trying to "short" low to collect more for future gain ???? hee....

 

Hi Kilroy. I am looking at this counter as well. Earning quite consistent. Any idea why drop so much. Is it bcos of the drop out deal with JC Metal that the mkt punish them. If so, then it is overdone. I am keen in this counter too.

 

hee..this burger let me SHORT until seow ! hee...i hope tomor mkt cont'd the south trend...hee...hmm..funny..SGX report several Director exercising share options siah....dun tell me they are joining in my FUN as well ?!?!??!

 

 

Dont stop!  Go down to the fullest extend so that we can buy it at a great discount.  I personnally think this is a good company - a regional leader in its niche area of percision engineering manufacturing.  Will wait for the buy signal when the trend reversed (SG stock market sux! Can only buy LONG. Have to short cover on the same day). 

Our very own former Chief of Defense Force Lt-Gen (Ret) Ng Jui Ping is also the Director of Unisteel.

 

haha...well...i hope that is true..so i can SHORT and make $$ now...until low enuff to collect and contra off ??? hee..

 

oh oh..going down further..  ahhh... nicky.. pls stop!!!

1.890

-0.070

-3.6

1,568

45

1.880

1.890

36

1.980

1.890

MFG

 

Majority of speculators seems to be shorting this counter.

 Pls take care. Once result is out, things might be different,

 Do not always go with the crowd. This is what happened in financial crisis.

When overall mkt is bull, do not ride on the bear. 

Relying too much on TA is not a safe bet.

 Those in contra pls be cautious. This counter is a bargain.


 

 

wow...really? 1.60?? hee...wah...if that is true..wat are u waiting for? hee....SHORT !! :)

 

 

more room to extend southward.  The southward trend is still strong.  Are we looking at a 'fail to meet profit tgt expection' for this coming result annoucement? Anyone?

next support level is @ 1.60.

 

hee..my radar currently locked to unisteel now..hee..wow..new low daily :) definitely worth the SHORT ! :) hee...

 

hi

any recommendation from brothers here on what to do as I have this counter ?

 

Hi nickyng, is Osim in your rador screen as well :)

 

oh really?? chun or not ur statement ??? hee...shall wait n see :)

 

Its on a down trend war path so its your play nicky. :)