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cheongwee,
I think you missed the point.
My question to you was how you came to the conclusion that FJB price willl 'collapse' upon expiry of warrants?
In my earlier post, 167mil warr were converted between 31 Dec06 an 22 Jun07....about a 50% share dilution from the issued shares on 31 Dec06. During this period, FJB price appreciated from 63c to 90c (43% increase) and its warr from 18c to 44c (244% increase).
Balance 57.5mil warr represents a potential dilution of 11.5% of current issued shares.
So, I would like to understand how you came to the conclusion that 11.5% dilution will cause a price collapse when 50% dilution actually saw a price appreciation?
To:shplayer
you ask y px will collapse...i ask u y px rise when counter consolidate share...i hear fr my friend saying now with warr conversion more share are in the market ...hence the px will be lower...are you vested here...this one look tired and heavy..how much nigher can it go up in precentage term...look at my PM data...QAF warr..and KLW..i let u know on 19 jun...now u see it...it can onli get better notwithstanding economic shock from US...the counter will do better than FJ..join me now at these counter still not late...but dont let greed rule...good luck.
cheongwee,
About 280 mil warrants were issued in 2002 as a rights issue.
As at 31 Dec 2006, there were about 224.5 mil outstanding warr.
As at 22 Jun 2007, outstanding warrants is about 57.5 mil. => 167 mil warr were converted in less than 6 mths.
During this period, the mother share price has moved from 63c to 90 c and the warr 18c to 44 c.
Can you explain how you came to the conclusion that the price will collapse when the warr expires?
Be wary,with 235,000 lots warrant convert to mother share will see the px collapse when warr expire...just my thinking..
As far as this counter is concern,i think it will come alive after the warr expire...trade carefully...provided u do not mind to pick up and go long abit.
Interest rate are going up around the world...no good for stock....get ready to unload on short notice.
Hey ,master,hope u are reading this..hope the rally will last..for us to make...hope the US side will not srping any shock..like their housing and their dollars bubble..
Do not have any method of trade,but most bought long time ago when the market was like crawling dead...will sell half when the px go up 50 %...and wait and see...if it drop 15%sell all...if it go up another 50% sell all...that is...thern see some counter that have yet to be play...
Suggest you look at PM data and QAF warr for speculative play....but trade at your own risk..will acc more tomorrow.
vest the warr bought @ 0.05 100 lots..long time ago and waited... sold half when at 0.295..then the rest at 0.405..now vest in ..you be surprise...QAF warr..not a suggestion to buy.
bought also KLW at 0.05 500lots..PM data .07 500 lots ...AEM 0.19 300 lotrs...Willas..0.18 manage to get 250 lots..except for AEM and willas the rest are for speculative buy...not a call to trade.
cheongweee,
last day of trading is 9 July 07.
Last day for trading warrant is 10/7 if I am not wrong..
Bollies are getting really squeezed, A/D and CO turned up, RSI flat and Will% oversold.
Price breakout may be held back by FJB Warr which expires on 16 July 07. Warrant holders who do not want to convert may sell.......but sellers are drying out. Outstanding warrants to be converted is about 64 mil. or less.
Note......Financial year end is 30 June
When px stay at certain level does not imply BB support it,in fact be careful ..it keep at this px to distribute to you...take note twice it was unable to pull thro 93..there are alot of seller.pls do not be misled....there are better counter.
Extremely well controlled counter by the BB. 18 days since last broke out to 52weeks high of $0.93. During these consolidation period, the BBs didn't allow the price to go below 0.88, in fact...whenever there is people dumping at 0.885, they will come in to support the price. So after the weak holders are wiped off, it will be up n up n away...
no much news about F J ben, will good news pop up after the singapore sales is complete or when???????
Large volumes today but faced selling pressure.
I m looking at the prospects of the chart forming the cup and handle.... now forming handle.
*increased stake*
Thanks shplayer.
elmo10,
FY07 result expected 27 Aug.
redfish,
Think some analysts have put a target price of 1.10.
hi shplayer and redfish when is the announcement of the full year result. thanks
Hi shplayer,
The article points to a bright future for FJB. What do you think is the fair value after announcement of full year result.
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BT 30 May 2007
Good indicator for FJB
Good times for high-end retailers as Singaporeans splurge in Q1
Fine dining, luxury goods sales soar as economy booms
By UMA SHANKARI
(SINGAPORE) Just how confident people are about the Singapore economy has been spelled out in a report on lavish spending by charge card holders. Jewellery, haute couture, luxury watches or exquisite French cuisine - Singaporeans are living it up this year, bringing much cheer to high-end retailers, says the report by American Express (AmEx).
The report - Lifestyle Index and Spending Trends (List) - shows that sales of luxury timepieces, jewellery and designer fashion, as well as takings at fine dining establishments, were up to 70 per cent higher in Q1 than in the corresponding first three months of 2006.
The report tracks spending by AmEx cardholders in four key segments based on data from about 100 retail and dining establishments.
Sales of luxury watches grew the fastest, climbing an impressive 70 per cent. This was followed by sales of high-end jewellery, which rose 56 per cent. Revenue from high-end fashion items and fine dining also grew at healthy rates of 25 per cent and 24 per cent respectively.
'The report confirms that we are clearly in the middle of a spending boom in the lifestyle sector,' said Atul Mathur, AmEx's senior VP for Asean and South Asia. 'What is driving this are macro-economic and marketing factors - a vibrant economy and growing consumer sentiment as well as value creation through innovative marketing and promotional programmes undertaken by lifestyle brands.'
Luxury retailers attribute the increased spending to rising affluence, higher liquidity due to stockmarket gains and good bonus payouts. In addition, the desire to own unique conversation pieces could have led to greater demand for luxury watches and high-end jewellery.
'Sales of our luxury watches have gone up by 30 per cent over the past year in Singapore,' said Sam Benjamin, FJ Benjamin's group director for timepieces. The retailer distributes luxury watch brands Girard-Perregaux, JeanRichard and Bell & Ross here.
Upscale eateries report the same trend as more diners eat out, in more upmarket places. 'Diners are increasingly looking for enriching dining experiences encompassing excellent service, quality cuisine and wine, and stylish ambience, and they are prepared to spend on such experiences,' said Andrew Tjioe, chief executive of the Tung Lok Group.
Desmond Lim, group chairman of Les Amis, said: 'We are increasingly seeing more 'blue chip' bottles being opened over dinner.'
In addition to buying more big-ticket items, shoppers are also forking out more for each item, the List report showed. On average, consumers spent $3,829 per transaction while picking up luxury watches, 37 per cent more than last year. And for high-end jewellery, they spent $2,300 for each transaction, also up by 37 per cent.
And while consumer spending on each visit to a favourite designer boutique stayed constant at $715, restaurateurs can take heart as the bill per visit by these big spenders rose 13 per cent to $440.
All this has translated into better takings for the luxury retailers listed on the Singapore Exchange. At Sincere Watch, say, revenue of $95.4 million for the first quarter ended March 31 was 4 per cent higher than in Q1 2006.
This spending is, by and large, not being made just by visitors to the country. The List report shows over two-thirds of the spending on luxury watches, high-end jewellery and high fashion was by Singapore residents, up from 55 per cent just two years ago.
By contrast, the share of visitor spending at fine dining restaurants is growing compared to spending by locals. Overseas visitors accounted for some 60 per cent of spending on fine dining, up from 53 per cent two years ago.
Spending on luxury items is likely to continue growing, especially with the new entertainment options coming on stream over the next few years, the report said. In particular, the upcoming integrated resorts and Singapore's hosting of the Formula One Grand Prix event from 2008 are expected to boost the arrival of affluent tourists, which will in turn translate into further growth in retail spending, it said.
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