EngKong   

Eng Kong - Wrts issue

lol. jerome, ya gotta excuse this victorian bro of mine. he can be quite one-track minded.

anw: NTA = net tangible asset; ie, the actual net worth/value of the company, as opposed to its share price. Sometimes known as its book value (?). So since its px now is 23c, it effectively means you're paying 2c extra for a worth of 21c. a lot of other stocks are way overvalued by this 'book to price' ratio measurement.

and yah, assuming he didn't change his parameters; RSI and STS shd be 14 and 28 resp.

lol.  

 

oh btw,

Vic, for your RSI and STS, what parameters are you looking at? 14days? 28 days? 

 

hi Victorian, 

surprised that you still have time to post. Anyway, congrats  

Ask you ah, what is NTA?

 Seems like EK is really spreading their reach far and wide
 

 

 

Hi Victorian,

Thanks for the analysis. Really see a lot of effort.

Question though, erm, i thought TA is not applicable for stocks like these?

but your analysis sure makes me on the edge of the seat 

 

Moving into China??? Tianjin and now Shenzhen. Timing right?????

 

Entered EngKong @ 0.235.

Accumulation ....

Note: For SMB -> no sell down on huge volume today indicating accumulation by strong hands (at least, those that can pick up their purchases from last Tues n Wed)

 

So bro Vict is it mean that is right time to enter EDMI n EngKong now thanks

 

k, possible to calculate tech target now based on yesterday and previous days' breakout. on fibo and a right graphical shift to take into acct the tremendous momentum:

a retracement to abt 23.5c is in the works, altho i do not expect it to stay there long, if at all. likely just a touch and go.

thereaft, upside is to 32.5-33c.

will wait for this target to be breached before posting the next consolidation/upside possible.

cheers!

and as per usual, pls make own minds up before buying/selling anything. check and correlate with various sources, never just one. :)

 

Anyway knows how can I convert my warrant to share?

 

thanks for your analysis Vic! m vested at .25

 

Thanks bro Vict for your info can't see the chart can kindly post again thanks.

 

Bro Vict from what you see will it break in 2 to 3 days time?

 

Ok thanks for your advise Vict. is there any counter you intro for contra thanks

 

Thanks Vict for your advise will monitor it. As I'm playing contra don't want to hold too long on 1 counter will see if can play contra will vest abit

 

hi noobie,

the NTA and cash figures are figures normally stated in the annual reports. easy to miss tho, 'cos it tends to be a one liner beneath mountains of data.

anyhow, the FA story i'll leave to vic to elaborate, since that's not my area of speciality. i'll just give the techs for EK. pls note that below all just my opinion, make own mind when buying/selling. also, advise caution 'cos market is really rather crazy right now.

EK: has not broken out yet (ie, not even 1st wave), so i cannot and will not give any upside tech target, or it will be misleading. Facts only. What i find interesting tho: definite accumulation since at least 15th march:

note EK is a low vol stock, so pls don't use a/d and c/o on it or it's inaccurate. MACD crossed an uncertain buy signal on 20 mar at 19c, a definite buy on 3rd apr at 19c again. RSI steadily increased from 6th mar (18c) to today, and still rising. price momentum (a sign of breakout soon, and/or increasing interest from buyers, willing to pay higher prices) has been steadily increasing since 16th mar. williams shows strong buy trend from 2nd Apr.

All in all: definite accumulation going on. likely some of the accumulation was passively done, as well: ie, someone is mopping up all the sell quotes ala kim eng, instead of shocking the market and generating premature interest by queuing large buy quotes. a sign that BBs are not yet ready for the counter to chiong; perhaps a perfect opp for the small fries to buy. the a/d and c/o patterns are wonky, a sign to me that it's a cornered/tight float stock.

long post. hope the above information helps. as always, advise caution and do your due diligence before buying any stock. good luck!

your resident elf

 

Sorry vict just to check with you is it mean that this is the time can enter Eng Kong now or what is the best price to buy pls advise thanks.

 

Good morning Jessie, thanks for being caring.  I am still holding to my Eng Kong since last yr, slightly below my cost now.  Hope it will be the next SMB Utd. Many thanks to the seniors and sifus for the unselfish sharing. God bless.

 

noobie,

perhaps this will help.

 

http://ir.wallstraits.net/pdf/E06_Full%20Year%20Financial%20Statement%20And%20Dividend%20Announcement(27feb07)-F.pdf

 

hi vic, thanks for your analysis on SMB. helped me make some kopi $$ along the way.

so for this counter, care to share how you derived at the figures for (1) & (2)?

been looking at Eng Kong's annual report but could not seem to find the relevant information anywhere. am pretty new here. can help me along?




 

 

Hi Vic, thank you very much for your sharing. 

 

Hi Elizlow, are you still holding on to this counter ?  If so, you may wish to consider loading on more since it is seeing sunshine soon  :)