HanKore Env   

Hankore onward march to 8-10cts.

I like this post from Shareinvestor, Mr Holai. Thought share share here.

" Good strategy for much needed expansion to cater for garment's huge budgeted expenditure for affluent water treatment. Tremendous opportunity to accelerate HK's bottom line. Right time too, imo, as HK is accredited with their many best dis best dat awards. Fortunately not mani understand, so ck can suppress the price to accum and for tongers to collect. After ck collect enuff, as usual he will start to pump and pump, and tongers, oso as usual, will laff and laff to their banks lah. Cheers anyway to all tongers, some of whom are now oso doubling up doing sideline bizness of QIQO! Good for them to get some quic, sometimes profitable, excitement while tonging. Anyway choice is theirs loh, not mine. CE."

 

yup...selling pressure is there..all red red 

wendel      ( Date: 02-Oct-2013 23:48) Posted: @leeta...engulfing signal on 1 Oct but the follow thru is a bear bar. Today....Stochastic...just came out from overbought area...shld continue to experience some selling pressure. @Polarbear55....I suppose a small dip but not to the extend of 6cts lah. Since 1 Oct is an engulfing signal, it'll follow thru with small dips but will not cross 7.2cts. Any dips is a gd buy still.  Polarbear55      ( Date: 02-Oct-2013 22:51) Posted: What if It opens at $0.06 tmw? Guess many confusion will arise. TA will say it's just an opportunity to retrace back to the $0.057-$0.059 gap to complete the uptrend cycle. HK foundation intact for much higher upside 😃

 

@leeta...engulfing signal on 1 Oct but the follow thru is a bear bar. Today....Stochastic...just came out from overbought area...shld continue to experience some selling pressure.

@Polarbear55....I suppose a small dip but not to the extend of 6cts lah. Since 1 Oct is an engulfing signal, it'll follow thru with small dips but will not cross 7.2cts.

Any dips is a gd buy still. 

Polarbear55      ( Date: 02-Oct-2013 22:51) Posted: What if It opens at $0.06 tmw? Guess many confusion will arise. TA will say it's just an opportunity to retrace back to the $0.057-$0.059 gap to complete the uptrend cycle. HK foundation intact for much higher upside 😃 leeeta      ( Date: 02-Oct-2013 19:38) Posted: ST traders can run if it breaks 7.2...chart is still bullish engulfing..signal says buy if breaks 8 but resistance is there at 8.3cts and 8.5cts.. If   break all these then swee swee to 10cts. Today's trading suggest good support at 7.5cts

 

DJ recovered abit ..juz now was -150+ ..hopefully if recovered to -50 at closing..not too bad.

cccx123      ( Date: 02-Oct-2013 23:07) Posted: US indices so red.. Tmr stock market confirm free fall one.

 

There is a reason..until we know them, we can only speculate. They are pro-growth and can sense they are hungry for growth. 3rd parties offers for their assets are chucked aside. If they want to so much and so much, we go SGM and ask what for and why. ..then we vote. 

And another thing..with Alan and Boustead Wong having a stake and giving some " free" consultation..I dont think HK will end up like Digiland la. :)

Share7      ( Date: 02-Oct-2013 23:23) Posted: I am surprised that they are making this move to raise from 6B to 15B. May be they have a plan or target already, and they are in discussion and the target wants to own the company and enjoy the upside. Or they just want to line up all their arsenals since they have multiple negotiations concurrently. So once agreed, the arsenal is ready. HK now has Alan and a line of fund managers in Shenton Way. I think HK is different from those you highlighted as she has real water assets and making real money. cccx123      ( Date: 02-Oct-2013 22:43) Posted: Yea I agree. I won't be making an substantial move until the AGM when my questions are answered. Unless of course, the share price drops to 5cent intermittently, whereby I will go on a shopping spree. And if drop below my buy price to 4cent, will bring eggs. Sounds sort of self-serving. But seriously speaking, it is not dilution that matters to me. It is how management utilizes the extra share capital that I am most concerned about. There are so many examples of companies worldwide going on acquisition sprees only to overpay. The placement and JSTY acquisition wasn't exactly dilution since the shares were in reality already authorized and registered, just not listed. In this case.. I don't want another digiland, sunmoon, albedo, ipco, et cetera.

 

I am surprised that they are making this move to raise from 6B to 15B. May be they have a plan or target already, and they are in discussion and the target wants to own the company and enjoy the upside. Or they just want to line up all their arsenals since they have multiple negotiations concurrently. So once agreed, the arsenal is ready. HK now has Alan and a line of fund managers in Shenton Way. I think HK is different from those you highlighted as she has real water assets and making real money.

cccx123      ( Date: 02-Oct-2013 22:43) Posted: Yea I agree. I won't be making an substantial move until the AGM when my questions are answered. Unless of course, the share price drops to 5cent intermittently, whereby I will go on a shopping spree. And if drop below my buy price to 4cent, will bring eggs. Sounds sort of self-serving. But seriously speaking, it is not dilution that matters to me. It is how management utilizes the extra share capital that I am most concerned about. There are so many examples of companies worldwide going on acquisition sprees only to overpay. The placement and JSTY acquisition wasn't exactly dilution since the shares were in reality already authorized and registered, just not listed. In this case.. I don't want another digiland, sunmoon, albedo, ipco, et cetera.. Share7      ( Date: 02-Oct-2013 22:27) Posted: Let's don't over react without hearing the plans David has. Yes, dilution. So what? Dilution causes price to drop? Not in HK's case. HK issued shares to buy Tongyong and then sell shares to Alan Wang, dilution right? But share price went up from 5c to 8c. If dilution through buying companies and selling shares to BBs caused HK share price to increase, I am all for it as it is good for me. You buy pennies to keep for dividend, is it? Dilution is bad for dividend. For pennies I go for capital appreciation. Pennies' price move up with corporate development and BBs, without which no matter how good the companies, you have to tan koo koo the share price also won't move. Those of you who held HK before Alan Wang can testify to it. With him, share price just move. So let's attend the SGM and listen to HK's plans. Hopefully Alan Wang will attend (he won't lah as no board representation).

 

I really want to laugh and seriously i find that there a lot of people   loves to comment just becoz they read something somewhere and assume they know everything about Hankore.

Lets backtrack into time abit.  

David   came in more than 3 yrs ago..worked very hard to resuscitate an ailing company. Poured in money and   worked his a$$ to turn around Hankore. A few investors came on board, Boustead, Jade and etc..HK was trading between 3- 4.5cts then .. Business did turn around well   and   along the way HK won some awards.   Couple of months ago, David managed to convince   Super Alan man to come on board at 5 and energized HKs px to shoot past 5. We all cheered.

Then came the MTN bit of coz with Super Alan man's help I suppose and HK was zooming past 6. And some of us were thinking why the MTN,a few days or weeks later we know it was for their business expansions etc. We were excited.

Just recently David sent invites to some of the trading   houses and ask them to visit his plants in China where he shared with them his mission and vision. Trading houses came back and gives an   unrated   thumbs up. He even got his handsome photo on the Edge magazine sharing his grand plans for HK and his desire to eat chicken rice in Singapore... He stressed that HK is on a strong growth mode with expansion projects and intention to acquire companies in the coming quarters..to be as big as BEWG or BOT. Stressed that revenue and profits will be significant and HK price went ballastic to 8.5cts. We were elated.

Sadly today, some of us not knowing the whole picture,   thought David " shot" himself with his   announcement. (David shot himself,hmmm.. Would he do that?)   They were deflated..coz the share capital will be inflated. They assume the worst and thought   the worst..assumes that David went nuts and wants dilution, consolidation, polution, etc..One announcement and David and Hankore were terminated. LOL.

 

US indices so red.. Tmr stock market confirm free fall one.

 

Ya, many got caught by the many irresponsible bullish comments.

cccx123      ( Date: 02-Oct-2013 22:53) Posted: Or caught the high of 8.4/8.5 last week lol.. When we were screaming down here as the price tanked at 4-5cents all bochap. Then hit 8cents all cheong in and got stuck. Oh the irony.. leeeta      ( Date: 02-Oct-2013 22:37) Posted: another shortist spotted. lol

 

Hopefully lol.. Then me and maybe Lucky can refill our LT holdings again.

Polarbear55      ( Date: 02-Oct-2013 22:51) Posted: What if It opens at $0.06 tmw? Guess many confusion will arise. TA will say it's just an opportunity to retrace back to the $0.057-$0.059 gap to complete the uptrend cycle. HK foundation intact for much higher upside 😃 leeeta      ( Date: 02-Oct-2013 19:38) Posted: ST traders can run if it breaks 7.2...chart is still bullish engulfing..signal says buy if breaks 8 but resistance is there at 8.3cts and 8.5cts.. If   break all these then swee swee to 10cts. Today's trading suggest good support at 7.5cts

 

To be objective all mgt say good thinhgs about their own co,,,none would risk trying to say any negative things

leeeta      ( Date: 02-Oct-2013 21:23) Posted: Hankore's management has recently stated that they are on a high growth mode..expect M& A , more projects etc   for 2014..so funds are needed. These are not speculations but   real communicated intentions, with some expansion projects already lining up or in the works. If this is part of their high growth strategy to truly scale and   enlarge capacities in China at a fast pace and to be ranked among the likes of BEWG or BOT (see EDGE mag , last 2 issues), then funds are needed and I seriously hope their strategy works.  starlene      ( Date: 02-Oct-2013 20:38) Posted: http://infopub.sgx.com/FileOpen/Hankore_Announcement_Increase_in_Authorised_Share_Capital_02102013.ashx?App=Announcement& FileID=258321   The proposed increase in authorised share capital is a harbinger that more shares can be issued ..maybe for pte placement,rights issues,etc..more dilution..so many more shares can be isusued and not even 10cts..maybe like Albedo ,later proposed share   consolidation or merger from 20 into 1 typical of penny stocks..probably market sense it from high 0.081 dropped back

 

Or caught the high of 8.4/8.5 last week lol.. When we were screaming down here as the price tanked at 4-5cents all bochap. Then hit 8cents all cheong in and got stuck. Oh the irony..

leeeta      ( Date: 02-Oct-2013 22:37) Posted: another shortist spotted. lol. lorann      ( Date: 02-Oct-2013 22:32) Posted: Looks like gone case liao. Many people got trapped in this. Advise not to touch this stock.

 

What if It opens at $0.06 tmw? Guess many confusion will arise.
TA will say it's just an opportunity to retrace back to the $0.057-$0.059 gap to complete the uptrend cycle. HK foundation intact for much higher upside 😃

leeeta      ( Date: 02-Oct-2013 19:38) Posted: ST traders can run if it breaks 7.2...chart is still bullish engulfing..signal says buy if breaks 8 but resistance is there at 8.3cts and 8.5cts.. If   break all these then swee swee to 10cts. Today's trading suggest good support at 7.5cts. wendel      ( Date: 02-Oct-2013 18:53) Posted: Looked at the chart...expect it to continue bear run

 

Yea I agree. I won't be making an substantial move until the AGM when my questions are answered. Unless of course, the share price drops to 5cent intermittently, whereby I will go on a shopping spree. And if drop below my buy price to 4cent, will bring eggs. Sounds sort of self-serving.

But seriously speaking, it is not dilution that matters to me. It is how management utilizes the extra share capital that I am most concerned about. There are so many examples of companies worldwide going on acquisition sprees only to overpay. The placement and JSTY acquisition wasn't exactly dilution since the shares were in reality already authorized and registered, just not listed. In this case..

I don't want another digiland, sunmoon, albedo, ipco, et cetera..

Share7      ( Date: 02-Oct-2013 22:27) Posted: Let's don't over react without hearing the plans David has. Yes, dilution. So what? Dilution causes price to drop? Not in HK's case. HK issued shares to buy Tongyong and then sell shares to Alan Wang, dilution right? But share price went up from 5c to 8c. If dilution through buying companies and selling shares to BBs caused HK share price to increase, I am all for it as it is good for me. You buy pennies to keep for dividend, is it? Dilution is bad for dividend. For pennies I go for capital appreciation. Pennies' price move up with corporate development and BBs, without which no matter how good the companies, you have to tan koo koo the share price also won't move. Those of you who held HK before Alan Wang can testify to it. With him, share price just move. So let's attend the SGM and listen to HK's plans. Hopefully Alan Wang will attend (he won't lah as no board representation).

 

Suddenly see some new face here

 

another shortist spotted. lol.

lorann      ( Date: 02-Oct-2013 22:32) Posted: Looks like gone case liao. Many people got trapped in this. Advise not to touch this stock. leeeta      ( Date: 02-Oct-2013 22:18) Posted: yup time for you to sell.. :

 

Looks like gone case liao. Many people got trapped in this. Advise not to touch this stock.

leeeta      ( Date: 02-Oct-2013 22:18) Posted: yup time for you to sell.. :) tipper      ( Date: 02-Oct-2013 22:12) Posted: More share dilution, more rights issue, more share consolidation, more placement, more enrich themselves, more etc... it will never end.

 

Let's don't over react without hearing the plans David has. Yes, dilution. So what? Dilution causes price to drop? Not in HK's case. HK issued shares to buy Tongyong and then sell shares to Alan Wang, dilution right? But share price went up from 5c to 8c. If dilution through buying companies and selling shares to BBs caused HK share price to increase, I am all for it as it is good for me. You buy pennies to keep for dividend, is it? Dilution is bad for dividend. For pennies I go for capital appreciation. Pennies' price move up with corporate development and BBs, without which no matter how good the companies, you have to tan koo koo the share price also won't move. Those of you who held HK before Alan Wang can testify to it. With him, share price just move. So let's attend the SGM and listen to HK's plans. Hopefully Alan Wang will attend (he won't lah as no board representation).    

 

yup time for you to sell.. :)

tipper      ( Date: 02-Oct-2013 22:12) Posted: More share dilution, more rights issue, more share consolidation, more placement, more enrich themselves, more etc... it will never end.

 

More share dilution, more rights issue, more share consolidation, more placement, more enrich themselves, more etc... it will never end.