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OuHua Energy HoldingsIPO at $0.38c
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Hi Jessie,
FYI ONI: Strong supporters around over next two weeks.
The coy offered 137m shares at S$0.38c, comprising 90m (new) and 47m vendor shares. The IPO was 7.1 times over subscribed.
To boost it confidence, As China's tier one business coy, (3rd-largest liquefied petroleum gas (LPG) distributor). It plans to sell new & vendor shares according to its prospectus.
A source close to the deal said yesterday, the coy is looking to sell at least 25% of its enlarged capital, raising as much as S$40 mil or US$25 mil. (While the going is hot).
"For a main board listing Ouhua need to sell a minimum 25%. (Demand is extreme strong), so may increase it offering to around 30%," the source said, adding that the firm would begin road shows ahead of the sales within two weeks.
Ouhua Energy, based in Chaozhou, Guangdong Province, said proceeds from the share sale would be used to expand its sales network and (expand / improve) production facilities.
"Ouhua Energy embarked on a production capacity expansion programme in 2006, to raise annual designed capacity from 600,000 tones to 900,000 tones," the coy said in a statement.
Ouhua Energy earned a net profit of 79.2mil yuan or US$9.9mil in yr-05, according to the prospectus.
In the first five months of year 2006, net profit grew 27.7% to 34.7 mil yuan (US$4.3 million).
Then the force is within U, next week px? needs not worry to much or lose sleep over it. yahh
Still always learning all about real time trading to d very sec not minutes. Commerceasia.com is about at least 20min late.
I sign up with KimEng (Ketrade.com), so far still try to be more familier with it, was searching, lo_oking out on the times it trade and how many lot is done, so as to gauge at that moment and point in time, those r sort of real timer, thou they maybe a minutes late then real trader that hook up to their machine in their securities firm. Thk anyway for ur info yah..
Hi teeth53, if you have online from broker firm, you should be able to access live update, no of trades, buy up/sell down, lot size done at when, transaction distribution, etc.... But must subscribe from broker firm to access the market depth.
knightrider and hikitty are the ones here that will help all of us retail investors to money manage our positions. Most of us fail in making money in the stock market as we have this mentally that every counter must gain. I started that way pick up the lost counters sell the gainers. Now I look at my overall position instead. As we are no expert and noluck on our side most time!, just sell out your portfolio on a net net basic. Like knightrider I do hv China Kangda thinking it can go up as Synear but it just keep plunging until now I see some stability. I decided to hang on to this based on some theory that by Wed or this week there should be some collection for a bigger move. I am an observer now and use this as a sturdy case. Until then I am unable to disclose my analysis. No doubt on the net basic I am comfortably up for the year. Since I will be in this market forever I decided to do a 'thesis' on some of self imposed assignment. Male or Female the stock animal is either a bull or bear-no cow peh cow bu. So keep to this method be you a guy, gal or gay!
The correct but painful approach is to learn to S/L when the price dips or rebounds so that the loss is, say, not more than the limit one is comfortable with. .The other philosophy is so long as there is a net gain, one shd not be too bothered abt net loss. An old lady once told me that in any investment, so long as there is no loss of capital, any profit lost can't be considered as a loss. If not all funds (which are supposedly managed by experts) are making money , how can individual investors be able to make $$$ all the time. So , pse cheer up as Knightrider correctly said, if you lost this round, let it be.
Hi knightrider,
I know what you mean, share investing is like you propably make 8 success out of your 10 choices. But only one or two mistake will wipe up all your creadit. =(
Hey Jessie,
I am also get carry away the other round on China KangDa, I am holding on to 50 lots at average price of 0.57 - 0.625c, already pay up. Now also do not know want to cut or hold. Just make some profit from Bio-treat, but got stuck in China KangDa.
I have another big invest in Adv Holding 100 lots at 0.36 - 0.38, buy so many round until lost track. I am no better than you ! After all is just $$$, do not worry too much ! In share, one must be prepared to collect if you do not contra and cut lost. If you want to cut lost, do not look back and just go ahead and do it. Maybe I am a man, thus managed to take the pain. Sometime, I understand, ladies are a bit emotional, hope not offending you and other ladies investors.
Then ACCS, now MDR, I total bought 1,000,000 at 0.045 and park it there. No up no down, wait for it to move. Why I buy this, cause I got burn when 0.88c, every 5 give 2 last time. Thus, hope 1 day to make it back ! I told you this is not to be boastful, but share with you, in share investment, very simple, either you win or the other way. But if you make a wrong decision like me ACCS case, try to cut it to minimum or hope the new management can show result. After chking Philip Eng's background, I am totally very confident !
Therefore, in this forum, I hope all members can help each other to make some profit from other counters, if you lost this round, let it be ! Do not worry too much. Sleep well, good night.
Then the force is within U, next week px??? renkon somewhere fm 575c onward to 68c/685c trading range with alot of ppl taking profit here and there.
Commerceasia.com, (free still, but at least 20 minute late), is closing on 15 Nov 2006. anyone have any idea of anything like nos of lots done. (Time and it px for free).
Thank you teeth53 and hikitty for your advice. I only buy 10 lots - still within my means and able to pay up when due.
Got a little carry away, just a little too optimistic, so is me, buy within ur mean and me too, will win, just don be carry away and always kept in mind not to be overcome by greed, have some confident thou 60c is what today ppl took profit, ppl oso buy back jus below 60c oso, so the px it seem to be high now, yet this is just the starting point eg: $0.57c, so hav't yet really test a new high. This is one stock that can move to new high sooner that later, but must not punt on it to much w/o realizing how to pay up when time come Yahhh...Within mean is ok.
Hi Jessie. There's a difference between a good and a bad dealer or remisier. A good (i.e experienced) one would have discouraged u from buying @ 60cts. A bad one will not offer any advice and just allow u to buy overpriced shares. Why buy @ 60 cents when it was the contra players or placement owners who were pushing the price up? U may not know, but the remisier or dealer would be able to because they have the mkt depth figures - i.e. numbers of buyers and sellers at various price levels. Upside above 60 cents is likely to be limited coz' huge numbers done below 60 cents. (pse read teeth53's insightful analysis)
By the way. 0.60c - 0.61c is ppl taken profit liao, then same ppl start buying when it hit 565c-575c, so px do go up given the strong finishing. One more thing, anyone or any other web site where price (done time) can be observe beside commerceasia.com, (free still, but at least 20 minute late), is closing on 15 Nov 2006. Any expert can share share or care to point to another free web site. Thk yahh..Best Regards.
Swiber ipo, small kopi $$$ coming... Akan Datang...
Hi teeth53, I went in to buy at 60 cents when opening.... Hope price will go up next week. By the way, what do you think of the new IPO swiber ? Regards.
Ou chart shown it is a turbo booster enerzised gining a strong lift from 0.38c to $0.57c, then took a quick ride to Tip (tested) 61c, then a slow long ride slipping a little to touch a low of 565c, (short covering), plus strong support in d last several minutes B4 closing time) it moved and boosted a slight upward price movement to closed off at $0.575c. Thus giving a very confident mode for Monday another 5%-6% px.
buy first..... i have vested interest at 57c liaos
Hi, at its all day IPO low, is it ok to collect t 0.56 ?
Ouhua Energy Holdings Ltd |
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Issue statistics: |
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Offer size: 90.0m new shares + 47.0m vendor shares |
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Public Tranche - 5.0m shares |
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Placement Tranche - 132.0m shares | |
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Price: S$0.38 |
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NTA per share (post-IPO): 14.81cents |
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Historical PE: 7.51x (FY05) |
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Market Cap (post-IPO): S$145.6m |
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Open: 26 Oct 2006 |
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Close: 1 Nov 2006, 12.00noon |
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Trading: 3 Nov 2006 (on "ready" basis) |
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Lead Manager: Stirling Coleman |
Thanks Hikitty,
can you pls provide the website ? Many thanks for your education.
Cheers,