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141-160 of 200
Will hold out till this week i guess. If next wk still free fall, then will cut losses. Keeping fingers crossed. :/
stockseeker ( Date: 29-Oct-2012 15:44) Posted:
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Dollar cost average (if you've got deep pockets). If not cut loss.
I entered Auric a couple of times, profitted and lost from it as well.
The string of negative news - which I posted a couple of times on this thread - is a clear signal for me to exit for good.
Anyway, I loaded Dukang today. Tomorrow's their EGM, possibility on bonus / rights / warrants issue.
See their annoucement(s) on SGX.
Btw, looking at their increased earning and cashflow over the past four years, this fella's war chest reeks potential.
heisuke ( Date: 29-Oct-2012 15:14) Posted:
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Sian.. entered at the wrong time.
stockseeker ( Date: 29-Oct-2012 14:53) Posted:
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Moving from 70 cents to this price is already very good - tapping on mainly to the F & N saga and YHS's metoric rise.
No good reason for the rise under the ex-SMRT CEO
stockseeker ( Date: 29-Oct-2012 14:53) Posted:
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Free-fall counter, riddled with too much bad news...
Sgshares ( Date: 29-Oct-2012 12:03) Posted:
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Drop below $1.1 will go down further otherwise will rebound...happy trading
heisuke ( Date: 29-Oct-2012 11:54) Posted:
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Keeps dropping... :(
Net Asset Value-wise, Auric claims to be under-valued (1.79 SGD) But as long as the company is not up for sale - it's real value will not be realised. Besides, the related companies to it are all on negative news - Food Junction has results warning. Lippo, it's parent company is fighting a 250 million lawsuit. For me, I'll stay sidelined till things turn around / dust is settled.
Is tis v good co to invest in.
wonder if it will move up this coming week?
I opine three key causes for the selldown:
1. Market-instability.
2. Selldown and profit-taking of most FnB counters lately.
3. Lippo Group - 49.5% owner of Auric - are currently embroiled in a legal battle the court has sought for them to pay $250 million for a failed joint venture.
If their appeal fails and they've to cough up cash to settle the legal costs and compensation of $250 million, selling Auric may just be in the cards.
Why? In the first place, Auric only represents 4% of Lippo's asset portfolio. So, no surprise if Auric's placed on the display shelf for sale.
starlene ( Date: 25-Oct-2012 20:03) Posted:
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Last week e the forced saleOct 15 Mon to Fri Oct 19..heavy vol than usual..spurt up from $1.15 to $1.39...henc
heisuke ( Date: 24-Oct-2012 10:25) Posted:
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Seems like going down and down at the moment. Haha
time to go up and up!!
Why forced selling?
starlene ( Date: 23-Oct-2012 16:08) Posted:
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Luckily give it a miss yesterday, but is in my watchlist. Will monitor & enter during the next reversal. 
As expected..forced selling so went U to sccop up more Auric shares from 1.17 to 1.19
QUOTE=yabkong 811599]ok checked, group NAV is 1.78...[/QUOTE]..U're right..company level about 1.68,group NAV 1.78
Net profit for the second quarter of this year was a whopping 378% higher than the corresponding quarter last year.The gross margin of 44 % was also and the margins had already been improving for the preceding three quarters.
Ms Saw should prove to be a good fit for Auric ,given her retail experience at DFS and SMRT.She transformed from retail and advertising fronm next to nothing into as much as half of SMRT's operating profits after joining SMRT in 2002.Under her 10year watch,SMRT's profits more than doubled from $57mil to $161mil in FYE 2011
Auric is a unit of the Indonesian conglomerate Lippo Group with portfolio includes the Sunshine Bread,SCS butter,eatery chain Delifrance and public listed Food Junction
Analysts speculate that Ms Saw's key mandate might be to turn around Auric for sale by the Riady family since the Riady's biggest flagship here is now Overseas Union Enterprise
chinton86 ( Date: 23-Oct-2012 13:25) Posted:
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I do not disagree with you. Good Luck!~
last week esp on tue 16 oct large vol was transacted between $1.35-$1.39,hence this week,must wait for weak holders to be out before Auric can resume its uptrend