Post Reply
1221-1240 of 5364
Those who sold at $1.30 yesterday are trying to talk down the stock.
This counter is best played with the both chart AND fundamentals (ie. information).
As one can easily get snooked if 100% reliance is placed on the chart alone.
Like I said, charts are simply references, and not predictive tools for the final outcome.
STX OSV has broken-out of the 20/50 SMA with huge volume. Strong trend reversal. It should be closing the 1.375 gap soon.
STXOSV $1.555 COME M
NEY COME
NEY COME
Price has to stay above $1.35 with good volume to break the downtrend since last sept. So far kissed $1.34 and down again..let see what the market wants. Trade with care.
Exactly. The huge previous dividends were given by the previous management, who I believe have already sold all their holdings. If so, why should the new owners want to give out any dividend, when they want to delist it?
Octavia ( Date: 20-Feb-2013 12:08) Posted:
|
that true..... but played out once by STXOSV already, if gana played out again then just face it lor, anyway 26th is just next tuesday
Octavia ( Date: 20-Feb-2013 12:08) Posted:
|
it might not have any at all as they are delisting it...you think last goodwill handshake meh..
ethanetoh ( Date: 20-Feb-2013 11:58) Posted:
|
From the offer price itself, it is apparent from the start that they have intended to delist it, since they would then want to acquire it as economically as possible.
From the chartist's point of view though, this counter is a gem. But then charts are simply references and NOT predictive of any future development.
s100125 ( Date: 20-Feb-2013 11:51) Posted:
|
Sakari is probably different as the offer price is 28% above the market price (39% above 3 months average) at the time of the announcement, while STX OSV is the other way round.
I doubt many floating shareholders are willing to let go at this price even if they have acquired the share at IPO price of $0.8. (i.e. they would have done so when the stock is trading at $1.6 region prior to the announcement).
Just my view, I could be wrong.
ethanetoh ( Date: 20-Feb-2013 11:58) Posted:
|
Be safe than sorry...
s100125 ( Date: 20-Feb-2013 11:51) Posted:
|
Another tragedy due to ignorance.... ai~~~
That's why smart and rich ppl getting richer... all those uncles aunties got chopped w/o knowing what happened.....
s100125 ( Date: 20-Feb-2013 11:51) Posted:
|
why exit so fast, should have wait and see how much dividend they declare next week ma.....
s100125 ( Date: 20-Feb-2013 11:51) Posted:
|
Recieved a letter yesterday and it stated that the Offeror does not intend to maintain the listing status of the company. The offer is made by the Offeror with a view to delisting the company. Shareholders should note that trading in the company's shares may be suspended following the close of the offer.
Worry that it will end up like Sakari , I have unloaded all this morning at a loss but still better if it really being suspended.
Those still holding , best of luck!
the base line had been set at 1.22 this means the sky alrdy clearer the only way is up above 1.22. but how high can it goes?
1) ppl is going for dividend
2) as transaction volume increase at price above 1.22, the deal at 1.22 is almost gone
3) if the deal blown off n it stays listed the price will chiong higher to its fair value which means future buy out price will increase
4) if so then we wait, hope all huat
Yes agree with luvkarena. Even if fincan can flip their shares, they are contradicting their intentions stated in the MCO.. And i don't think fincan board is so short sighted & silly..as to go thru all the trouble, negotiating the deal, paying investment bankers a fat fee & end up dumping their own shares in the open mkt.
dividends wise, think they will not change their dividend policy st. away.... Needs an EGM anyway?
Minority shareholders can also take comfort in STX OSV's commitment to protect our rights.
Cheers
luvkarena ( Date: 19-Feb-2013 16:19) Posted:
|
(i) As of February 18, 2013 CIMB has a proprietary position in the securities (which may include but not limited to shares, warrants, call warrants and/or any other derivatives) in the
following company or companies covered or recommended in this report:
(a) ASL Marine, Bumi Armada, Ezion Holdings, Ezra Holdings, Jaya Holdings, Keppel Corporation, Malaysia Marine & Heavy Eng, Perisai Petroleum, SapuraKencana Petroleum,
Sembcorp Industries, Sembcorp Marine, STX OSV, Yangzijiang Shipbuilding
http://sgx.i3investor.com/servlets/ptg/ms7.jsp
Ai zai...Hold steady esp when this stock is so undervalued. Most other stocks in SGX are overvalued anyway so nothing much to buy liao.
Today..many strongholds were pulled down.
I hope so. My new average cost is 1.47... Hope I can still break even
bishan22 ( Date: 19-Feb-2013 18:17) Posted:
|
