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True. painful to see the stock up and down. cant keep above 20c and that's supposed to be low already.
edwinjup ( Date: 31-Oct-2013 10:08) Posted:
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So long liongold still produce gold..I am ok to invest...I think some brokerages and funds involved in play high and dump ..nothing wrong but.bad....if directors found wong doing..I will ask them to change.in coming agm....
danytan ( Date: 31-Oct-2013 09:47) Posted:
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If insider trading, civil penalty. Unless mgmt involved n company does something abt it.
handongni ( Date: 31-Oct-2013 10:01) Posted:
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any different if wrongdoer is outsiders vs insiders if any
danytan ( Date: 31-Oct-2013 09:47) Posted:
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Who here are vested in lion n waiting?
Day in Day out, same pattern. Morning Up Afternoon down.
Trade with caution for these three counters. Best is to Avoid.
Think outcome wont affect the company, only wrongdoers if any.
Octavia ( Date: 31-Oct-2013 09:01) Posted:
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I believe investigations are still ongoing.Trade with care,
'No threat' to fair trading in Sky One, says SGX
Singapore Exchange (SGX) has found " no threat to fair, orderly and transparent trading" in the sharp drop of Sky One Holdings stock earlier this week.
In contrast, a review of trading in Asiasons Capital, Blumont Group and LionGold Corp showed " a lack of transparency" that could have threatened fair trading, the local bourse operator said yesterday.
The exchange made these comments amid questions as to why regulators had not intervened more strongly in Sky One when just three weeks earlier they had suspended and then imposed trading curbs on the three other stocks, which had also suffered unusually sharp price drops.
" Not all sharp price movements, whether up or down, warrant a suspension of the stock . . . In the case of Sky One, SGX's review of the circumstances revealed no threat to fair, orderly and transparent trading. Hence, no suspension occurred," SGX said in a statement.
With regard to the three previously suspended stocks, " SGX's review showed disorderliness in the market, and lack of transparency which could also threaten the fairness of trading" , the exchange said.
SGX also said that trading curbs, via the " designated" label, were not necessary for Sky One, a logistics provider being targeted in a reverse takeover by a coal mining business. In the case of Asiasons, Blumont and LionGold, which had their designated labels lifted on Oct 21, designation and suspension were aimed at helping to " return the market to finding its own equilibrium" .
While SGX and the Monetary Authority of Singapore have said that they are reviewing the trading of Asiasons, Blumont and LionGold, they have not said if Sky One is also being reviewed.
" We understand the public wanting to know more about such investigations, but releasing information prematurely could jeopardise the integrity of the investigation," SGX said.
Some market observers weren't satisfied with the explanation.
" How was the review of the circumstances conducted? Is there a clear-cut template that's applicable for all stocks? What are the criteria and parameters? Or was it conducted by a single inexperienced person with gut feel of the situation?" said one retail investor.
" SGX mentioned disorderliness, lack of transparency, etc. There's no detailed explanation. Simply arbitrary. There's nothing in the clarification that satisfies my question on how the different standards were applied to different stocks."
But David Gerald, president and chief executive of retail investor advocacy group Securities Investors Association of Singapore, said SGX was doing a reasonable job given its existing tools.
The bourse operator and regulator's explanations were " helpful and adequate" , and appear to be working as intended, he added.
Mr Gerald said that in this instance, investors have to own some of the responsibility if they suffered any losses from the affected stocks.
" SGX has got limited tools - query, suspension and designation - and this is about the same as you would find in other jurisdictions and developed markets like Hong Kong or Australia," he said.
" . . . the difference is investors here like to make money, but when the investment is affected adversely, they look for a scapegoat."
The key lesson for investors is that there is no substitute for careful analysis of fundamentals and investment goals.
" My advice to investors is, if you are choosing a stock, be it a penny stock or blue chip, ask yourself what you are looking for," Mr Gerald said.
" If the stock has got a price-earnings ratio of 400 times, why are you there?"
Shares of Sky One remained under pressure yesterday, slipping 3.5 per cent, or 0.3 cent, to close at 8.2 cents.
Sky One, which ended the previous week at 47 cents, fell as much as 91 per cent in a dramatic collapse on Monday, prompting a query from the exchange. The company halted trading in its own shares for just over four hours before resuming trading after it said that it was not aware of any material undisclosed information.
Asiasons, Blumont and LionGold, which have fallen as much as 90 per cent from just before their stocks collapsed on Oct 4, were also weaker yesterday.
Asiasons closed at 15.5 cents, down 1.9 per cent or 0.3 cents. Blumont shed 7.8 per cent, or 1 cent, to close at 11.9 cents, while LionGold lost 6.8 per cent, or 1.4 cents, to head out at 19.1 cents.
good morning all, do trade with care. and in this difficult time hope you can still find windows of opportunities to huat.
I do not know where is the bottom of liongold..but if I feel the price is reasonable..I will buy...prepare to hold if u buy...
Once I see a small sign of rebound, I'll queue in 1000 lots to buy up 1 bid. Then see how it goes from there. Lion is a good company. Expect at least can go 2-3 times the current price.
Rosesyrup ( Date: 31-Oct-2013 01:04) Posted:
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Hope it stage a rebound today.
Nothing To Fear!
Hold Your Line! We are Almost there!
Let's see whether these pennies will be a hit or be hit tomorrow. Cheers.
Blanchard ( Date: 30-Oct-2013 23:36) Posted:
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Just take them as providing alternative views or warnings. Liongold with the backing of gold is quite safe. Shortists can artifically sell down the price way below NAV, but they are effectively subsidzing the gold price for the market. Won't take long for other BBs to see this opportunity and come in.
Of course, my argument doesn't work for Blumont and Asiaon.
I taking profit only it go high enough. Cause market too much fear....until SGX and SIAS confirm everything is clear, there is always a chance to drop again.
Just hope tomorrow rebound. :)
Maller ( Date: 30-Oct-2013 23:21) Posted:
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After what they did to suspend and then to give designated status they found it was worse for the three, they have learnt to do the light touch. Anomalous trading means directors selling large chunks of their shares before informing SGX that is what they meant. Don' t scaremonger the market. The three may reach zero if that is what you meant . From hero to zero. It should be from zero to hero for our singapore and malaysian companies. Through endeavour and not fraud.
What they meant is some illegal shorting before and during the halt or some fraud in the company. MAINLY IT IS Blumont directors.
singa9999 ( Date: 30-Oct-2013 22:07) Posted:
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Why shortists still trying to instill fear and spreading rumors? Gd try!! I thot investigations are on the trading activites, not the co ?? :)
Edge mag week Oct 21-27 pg 38..showed Oct 7 Alexander Alan Molyneux throught married deal acquired 135mil Bluemont shares.On pg 6 the incoming chairman said," The exchange is taking valid action,but it's not starting any investigation into the company" He tells Edge mag," If there has been any funny trading going on,that has nothing to do with the company"
nngeeh ( Date: 30-Oct-2013 22:27) Posted:
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