Renaissance United    Last:0.001   -

Neglected, Illiquid, Undervalue, Recovery counter

because all they know is hold tight tight, lol.

nqing87      ( Date: 04-Oct-2013 15:17) Posted: yea, i was wondering weeks ago about why ipco dont sell blumont when it chiong to sky high, was thinking maybe they see something we dont, but now we see blumont has crashed, a bit wasted for ipco not to cash in big money when they can.. the past few weeks blumont has decent volume.. selling it slowly everyday will not crash blumont during  that period of time.. dunno what the management was thinking by holding  blumont tightly.. 500mil dont want to earn, now only  paper gain  180mil handongni      ( Date: 04-Oct-2013 15:06) Posted: Ipco did not sell Blumont at the good time, big mistake.

 

Another week to go  n more for dust to settle, enjoy the weekend.

Now dust is everywhere flying fly  flying up up  n away. 

solidbuy      ( Date: 04-Oct-2013 14:00) Posted: ya hor....maybe......enjoy..... Isolator      ( Date: 04-Oct-2013 13:55) Posted: why dont you say 0.8ct lowest...... You must know how to use your tools.....See chart not see this way... lol   My crystal say it has hit low today..... nicely fitted into the balls..... LOL

 

what u mean is even without counting innopac & blumont, IPCO's NAV is still ok at 0.024. I don't thinks innopac & blumont is zero value. But for the sake of argument, assume they are zero, I think u still miss out 2 things below:

1) intangibles of $49m - should oso be excluded if u discount fin assets to zero.

2)  recent conversion moneys from convertible bonds $60m was spent & gone almost immediately. Bulk of it was pumped into Grand Prosper (in China & 75% owned subsidiary of IPCO) whose only activity is in Deshi oil & gas exploration. Grand Prosper was written down to zero value by auditor of co-investors but IPCO did not write off and instead injected even more money into it (i.e. almost all of the convertible bonds money).

Important pt is Point 2) above which may be fraudulent 'round-tripping' and if proven so, could be trouble ahead for IPCO. If u exlcude 1) & 2) total $109m from assets, its NAV is another decimal pt, i.e 0.002 px closer to SUNMOON.

DYODD. I am not an expert & is likely to be wrong.

oreocookie      ( Date: 04-Oct-2013 14:30) Posted: I did some simple recalculation of IPCO's NAV by stripping away all its Financial Assets (Current and Non-Current) and derive at a 0.024 NAV. My calculation maybe wrong and I just post here for counter-comments and any corrections, if my calculation is wrong. So, based on 0.024, I would say IPCO is quite safe in terms of real business to share price. Not a con job like Blumont where share price is at the stratospheric level above its NAV.   I am vested and my opinions are biased.

 

yea, i was wondering weeks ago about why ipco dont sell blumont when it chiong to sky high, was thinking maybe they see something we dont, but now we see blumont has crashed, a bit wasted for ipco not to cash in big money when they can.. the past few weeks blumont has decent volume.. selling it slowly everyday will not crash blumont during  that period of time.. dunno what the management was thinking by holding  blumont tightly.. 500mil dont want to earn, now only  paper gain  180mil

handongni      ( Date: 04-Oct-2013 15:06) Posted: Ipco did not sell Blumont at the good time, big mistake.

 

Oct 7 to Oct 11, another week to go...another chance to spoilt the weekend.

solidbuy      ( Date: 04-Oct-2013 15:09) Posted: if you don't buy, you still can enjoy the weekend....if you buy, you cant sleep.....lol gohuatah      ( Date: 04-Oct-2013 14:59) Posted: Spoilt weekend..

 

True, fair enough.

solidbuy      ( Date: 04-Oct-2013 15:09) Posted: if you don't buy, you still can enjoy the weekend....if you buy, you cant sleep.....lol gohuatah      ( Date: 04-Oct-2013 14:59) Posted: Spoilt weekend..

 

if you don't buy, you still can enjoy the weekend....if you buy, you cant sleep.....lol

gohuatah      ( Date: 04-Oct-2013 14:59) Posted: Spoilt weekend... oreocookie      ( Date: 04-Oct-2013 14:30) Posted: I did some simple recalculation of IPCO's NAV by stripping away all its Financial Assets (Current and Non-Current) and derive at a 0.024 NAV. My calculation maybe wrong and I just post here for counter-comments and any corrections, if my calculation is wrong. So, based on 0.024, I would say IPCO is quite safe in terms of real business to share price. Not a con job like Blumont where share price is at the stratospheric level above its NAV.   I am vested and my opinions are biased.

 

Another nine months of waiting games B4 seeing some light again...
Down do much, so is little bro IPCO. Huat huat...arhh....:(

Rosesyrup      ( Date: 04-Oct-2013 13:58) Posted: Does it mean that Ong Beng Hock is now bankrupt? Make sure he get his well-deserved punishment for such shameful acts. Isolator      ( Date: 04-Oct-2013 13:48) Posted: Ipco already hit low..... now it can only go up...... The choice is yours..... all within my crystal ball control.....

 

Ipco did not sell Blumont at the good time, big mistake.

 

If you are in ipco..... the weekend will still be happy..... It is a happy event..... Bottom already....

 

Spoilt weekend...

oreocookie      ( Date: 04-Oct-2013 14:30) Posted: I did some simple recalculation of IPCO's NAV by stripping away all its Financial Assets (Current and Non-Current) and derive at a 0.024 NAV. My calculation maybe wrong and I just post here for counter-comments and any corrections, if my calculation is wrong. So, based on 0.024, I would say IPCO is quite safe in terms of real business to share price. Not a con job like Blumont where share price is at the stratospheric level above its NAV.   I am vested and my opinions are biased.

 

I did some simple recalculation of IPCO's NAV by stripping away all its Financial Assets (Current and Non-Current) and derive at a 0.024 NAV. My calculation maybe wrong and I just post here for counter-comments and any corrections, if my calculation is wrong. So, based on 0.024, I would say IPCO is quite safe in terms of real business to share price. Not a con job like Blumont where share price is at the stratospheric level above its NAV.

  I am vested and my opinions are biased. 

 

I can only see they give you 1ct, you give them 3ct.....lol

Isolator      ( Date: 04-Oct-2013 14:12) Posted: Remember BB using same type of crystal balls...... They see what I see....... LOL

 

value is a matter of opinion.  If there is no wrong doing by person(s) in pushing up Blumont's  share price, who will be responsible for the damage to shareholder value ?

 

 

make me laugh......

k2kingkong      ( Date: 04-Oct-2013 14:04) Posted: Singapore's Blumont Group plans $117 mln takeover of coal miner MELBOURNE, Oct 4 (Reuters) - Singapore conglomerate Blumont    Group    said on Friday it has agreed terms on a proposed    takeover of a foreign-listed coal company for about S$146    million ($117 million), sending its shares plummeting 39    percent.    Blumont did not name its target, but said it had made    previous investments in the company. A company it has invested    in, Australian-listed coal explorer Cokal Ltd    , went on    a trading halt at the same time.    Blumont said the acquisition would be paid for through a    share issue of about 72.2 million new Blumont shares.    Separately, it said it had agreed to invest up to about S$98    million in the target by buying new shares and convertible bonds    issued by the target.    Cokal's shares traded up 4.6 percent at A$0.23, valuing the    group at A$104.7 million ($98.2 million) ahead of the trading    halt.    Blumont shares dived 39 percent to S$1.225 following its    announcement. Blumont shares had been the best performer in the    Singapore market so far this year ahead of the announcement,    data from Thomson Reuters StarMine shows.    Cokal is focused on developing metallurgical coal in    Indonesia, where its Bumi Barito Mineral project was recently    granted a mining production license.    Cokal's spokesman was not immediately available for comment.

 

Remember BB using same type of crystal balls...... They see what I see....... LOL

 

This time round my profit will be very BIG..... Thanks to shorties to let me enter so low....... lol

 

Singapore's Blumont Group plans $117 mln takeover of coal miner

MELBOURNE, Oct 4 (Reuters) - Singapore conglomerate Blumont   
Group    said on Friday it has agreed terms on a proposed   
takeover of a foreign-listed coal company for about S$146   
million ($117 million), sending its shares plummeting 39   
percent.   
Blumont did not name its target, but said it had made   
previous investments in the company. A company it has invested   
in, Australian-listed coal explorer Cokal Ltd    , went on   
a trading halt at the same time.   
Blumont said the acquisition would be paid for through a   
share issue of about 72.2 million new Blumont shares.   
Separately, it said it had agreed to invest up to about S$98   
million in the target by buying new shares and convertible bonds   
issued by the target.   
Cokal's shares traded up 4.6 percent at A$0.23, valuing the   
group at A$104.7 million ($98.2 million) ahead of the trading   
halt.   
Blumont shares dived 39 percent to S$1.225 following its   
announcement. Blumont shares had been the best performer in the   
Singapore market so far this year ahead of the announcement,   
data from Thomson Reuters StarMine shows.   
Cokal is focused on developing metallurgical coal in   
Indonesia, where its Bumi Barito Mineral project was recently   
granted a mining production license.   
Cokal's spokesman was not immediately available for comment.

 

Up Up and Away.

 

ya hor....maybe......enjoy.....

Isolator      ( Date: 04-Oct-2013 13:55) Posted: why dont you say 0.8ct lowest...... You must know how to use your tools.....See chart not see this way... lol   My crystal say it has hit low today..... nicely fitted into the balls..... LOL