SunMoon Food   

This Penny caught my eye !!

Mummyyd is so clever ('jin gao')...

You get a glass of hot premium New Zealand Pure Manuka mix... 


hehehe... 

 

haha i agree for me unless the company one invest in became delisted den it will be a bad investment went wrong. as long as it is still in the market the company can still creat magic haha

 

..........

 

In stock trading, there is no Right or Wrong, Clever or Stupid. Every transaction, there is always a winner and a loser. 

The result of your transaction will tell the story.

Either you laugh all the way to the bank

or

Cry all the way home.

Only time can prove your decision; Win or Lose .

Hehe!! Good Luck

 

Ytrade      ( Date: 06-May-2010 10:41) Posted: "if the company continues to make profit in the following few quarters to report, then good chance for investors even with consolidation." This is what I am looking at(Long Term). To those not familiar or don't wish to read reports from SGX. Please do. I have faith in the management team. I believed they did the right thing by selling loss making sub and focus on what they need to do to be profitable... I definitely using my CPF to long... Yes, I not seeing any GOOD results(1Qtr no count) and *stupid* to buy in when others are selling.... Lets give this counter a chance... Laulan      ( Date: 06-May-2010 10:30) Posted: Sunmoon not likely to consolidate shares as there are outstanding convertible bonds not matured. The bonds if I can remember is  0.5 cents convertible to one share.  Maybe the holders of the bonds could have converted and sold off their shares.  If this is so, I think price can go up since no more big chunk selling.  The only worry is that too big amount of shares in free float.  Basing on my argument below, if the company continues to make profit in the following few quarters to report, then good chance for investors even with consolidation.  JMHO.

 

"if the company continues to make profit in the following few quarters to report, then good chance for investors even with consolidation."

This is what I am looking at(Long Term). To those not familiar or don't wish to read reports from SGX. Please do. I have faith in the management team. I believed they did the right thing by selling loss making sub and focus on what they need to do to be profitable... I definitely using my CPF to long... Yes, I not seeing any GOOD results(1Qtr no count) and *stupid* to buy in when others are selling.... Lets give this counter a chance...

Laulan      ( Date: 06-May-2010 10:30) Posted: Sunmoon not likely to consolidate shares as there are outstanding convertible bonds not matured. The bonds if I can remember is  0.5 cents convertible to one share.  Maybe the holders of the bonds could have converted and sold off their shares.  If this is so, I think price can go up since no more big chunk selling.  The only worry is that too big amount of shares in free float.  Basing on my argument below, if the company continues to make profit in the following few quarters to report, then good chance for investors even with consolidation.  JMHO.

 

Sunmoon not likely to consolidate shares as there are outstanding convertible bonds not matured. The bonds if I can remember is  0.5 cents convertible to one share.  Maybe the holders of the bonds could have converted and sold off their shares.  If this is so, I think price can go up since no more big chunk selling.  The only worry is that too big amount of shares in free float.  Basing on my argument below, if the company continues to make profit in the following few quarters to report, then good chance for investors even with consolidation. 

JMHO.

 

It is a double edge sword and it cuts both way.

Many of the sifus here are to forewarn those who think that the price of the stock is now at the lowest (0.005) it can not go down any further.This can be wrong if they do the consolidation as mentioned by others in the previous few messages. So do your homework.

BOSAYOR

 

Some fears about consolidation are not well founded, although it might be true that investors may stand a good chance of losing money, but don't forget that the same applies to making money. In addition, the advantage of consilidation should not be overlooked while fearing lost of money via manipulation by market sharks who see the more fleshy (pricey) contents of the share price. The manipulation cannot stand if the company is making good profits.  A company not in the profit zone is likely to have its share price manipulated (sold down).

For counters with a large free float of shares in the minority investors' hands, a consolidation will offer the investors the ease of selling their stocks in the market.  Imagine the huge quantity of millions of share waiting in the queue when you just want  to buy 10 or 20 lots. You practically have no chance at getting the better price in the bid and offer at the market.

Consolidation reduces the free float and increases  NTA per new share and thus did not change the book value of the investors' holdings.  In fact if a company starts to make money, consolidation will benefit the shareholders as improved confidence will support the share prices.  Having said all, I believe a consolidation for a loss making company is detrimental to the share investors.

DYODD. 

 

I suspect that very soon, Abeterra will also consolidate their share. Because they have large float and can't move much. so their management will think that in order for the large trade to stop and move higher, they have to consolidate their share. Usually in share consolidation, you loose at least half the value....

Because the price will be higher after consolidation, but you total value before the consolidation remain.

Soon due to the higher price gap up  after consolidation, the price will start falling...many steps.......to a point of stabilty..that would like be the 50% mark after the consolidated price.

thats a sad fact.  and it happens over and over for company that have large floats.

Due to the forsee lost...its best to let it go before consolidation to avoid huge lost... 

 

When the pennies "Cheong Arrrhhh!!!", everyone chase it high-high...

Then they go "pok!" a few months down the road...

(They bet the rocket has some more fuel still)... 

 

wishbone      ( Date: 05-May-2010 22:30) Posted: Absolutely. I kena Memstar as well as PSC.Cry no tear. lawcheemeng      ( Date: 05-May-2010 20:59) Posted: words of caution when going into this kind of counter..........SHARE CONSOLIDATION.........is the Dirty word.......100 to. 1(chasen)......10 to 1 (memstar).....25 to 1.(jasper)......all this i "kena " before lor...........the share float is just to big ......... just as you tot the price cannot go down some more they consolidate then the price also consolidate some more......just my word of caution.....no ill intention

 

Just have to treat it as GONE and if it come back with something then take it as bonus. This will take away the stress for thinking hard every now and then, might as well as write off and move on.

 

 

 

China Enersave just announced share consolidation - 15 to 1....cry...worst part is, it's in SUSPENSION state now, consolidate while we can't do anything, can't sell, can't buy :( only consolation is that after consolidation, it will resume trading .... so is it good or bad thing? I am confused.

 

Penny counter that paint a very beautiful picture to attract retail interest is good.. But to deliver the result is other key for stock to jump...

High risk = high gain. No consistent div, do not use cpf to buy..

Check whether there is a very strong interest from insider.. If they hardly buy, may not merit a response...

Retail investor usually get caught into the stories and suck in.. But there are exception...( watch out for sharks in pennies counter)

 

Absolutely. I kena Memstar as well as PSC.Cry no tear.

lawcheemeng      ( Date: 05-May-2010 20:59) Posted: words of caution when going into this kind of counter..........SHARE CONSOLIDATION.........is the Dirty word.......100 to. 1(chasen)......10 to 1 (memstar).....25 to 1.(jasper)......all this i "kena " before lor...........the share float is just to big ......... just as you tot the price cannot go down some more they consolidate then the price also consolidate some more......just my word of caution.....no ill intention

 

words of caution when going into this kind of counter..........SHARE CONSOLIDATION.........is the Dirty word.......100 to. 1(chasen)......10 to 1 (memstar).....25 to 1.(jasper)......all this i "kena " before lor...........the share float is just to big ......... just as you tot the price cannot go down some more they consolidate then the price also consolidate some more......just my word of caution.....no ill intention

 

Hi Adobepie,
No problem... Pls take note. I bought it with the intention to long. If you are not prepare to wait for price to up, please DON'T come in...

 

thks ytrade, will buy some from the bonus received from other counters...  

 

Hi Adobepie,

I recently bought 400 lots using my CPF.

 

wonder this counter can use CPF to buy??

 

every dog have its day may be really this underdog has it days to come.....hehehe..........