GMG Global   

The Hidden Gem

shplayer,

I mean, if weather gets better and rubber remain at current level for the rest of 07. How well can GMG perform?

 

Bullrun,

Don't quite understand what you mean by "Even if thing get better how well can they perform in 2nd half?".

If things get better in H2, shouldn't they perform better than in H1?

 

shplayer, GMG first half EPS is only 0.31c. Even if thing get better how well can they perform in 2nd half? I will be great is you can share your earning forecast! Thanks.

 

rickytan,

Started to buy over the past week or so.

But, tomo may offer more opportunities.......

 

 

Hi shplayer,

May I know what price did you enter please.  Thank you.

 

 

I'll wait when the situation become clearer...meanwhile there are some others that look more attractive that GMG....

 

Profit warning for 1H 07 ws due to:

1. Adverse weather
2. Loss of  supply from some small holders/out growers
3. Weakening rubber prices

Rubber prices seem to have bottomed out since about 20 Aug07. High oil prices drive up prices of artificial rubber (butyl rubber) thereby support NR prices.

China demand for physical rubber is picking up. Their physical inventory has fallen. 

GMG managed to secure supplies from other small holders/out growers and the recent Indonesian acquisition will come onstream inAug 07.

Mgmt expects 2nd Half 07 to be better than 1 H 07......baring any unforeseen circumstances.

Price have come down from high of  21 ct to 11ct (Fri close)

Am vested again.......caveat emptor

 

10c, but I think, this one is still overvalued! Trade with care!

 

oh....don't be so negative. GMG will recover some day but not in the near future unless punters decided to play on it!

 

GMG is like fungchoi,magnus,suneast,hengxin,etc...will never recover...

 

NR price on down trend again....take care...

 

Considering the poor HY result, current price still consider very high, share price should weaken further... 

 

The POOR result will drive the share price down further......

 

Hi BullRun, bullrun4ever, zhuge_liang

Read the forum about GMG, it been a drastic drop in the last couple of days. Bought the stock >1 year at below 10c so at a lost of should i just sell off and earn some profits or abserve the market movement? Appreciate if you can advise. Thanks.

 

 

The risk of weather and currency are spelled out clearly in the annual report.  With both happening together at the same time is bad. Over and above that, the change in market sentiment will be another factor putting more pressure on GMG. It is better to avoid in the short term, at least until the HY result is out. It is better to be safe than sorry!

'Up to a point after people tell you a story and a vision, don't write it off. Sometimes it comes true. You just make sure that if it doesn't come true, you don't get hurt too much,'

 

Will buy below 10c...long term prospect for rubber still looks good. Will see how the acquisition in Kalimantan going on...should have more info in upcoming results! 

 

Continue to avoid this stock. More downside!

 

To get an accurate picture of this stock, you should read the other thread.

That announcement means a profit warning.This currency problem will persist. Euro and S$ will remain strong because of the weak US$. The euro rallied to $1.3823 to the US$, its highest ever, on concerns about the U.S. mortgage market after Bear Stearns said 2 of its hedge funds that bet heavily on subprime loans now had little value.

 

Bad weather together with the change in market sentiments are going to put pressure on GMG for the near term. Never judge a share by just looking at its price!

 

Wondering, whether should buy this again while price is quite low..