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TRADING VOLUME TOO BIG, (SIMILAR TO GOLDEN AGRI SHARES)SO I SELL DOWN ALL UNIFIBER SHARES!
smartrader ( Date: 18-May-2010 20:42) Posted:
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aiya, i dun wanna explain so many times. tmr we will see whether it goes up or not. I will buy when it gaps up
rickyw ( Date: 18-May-2010 23:44) Posted:
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but no reason you sell down...actually this is positive news, why must sell down??
kivine ( Date: 18-May-2010 23:24) Posted:
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two different deals -- explained why it needed 2 days of trading halt -- Falcon must have brokered the deals to ensure that they are in good stead when it becomes controlling shareholder. Woodchip price is trending up...
No, i mean those ppl who have the same views as me will sell down. but of course if got more ppl who view this as a positive news will of course buy up. so up to u to believe in which camp
rickyw ( Date: 18-May-2010 23:01) Posted:
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you meant bcos they need cash so much then they try to sell down as much as possible???
kivine ( Date: 18-May-2010 22:08) Posted:
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it really depends on how u view it; it is true that bringing a new investor is a good thing for looooooooong term
but to me any share dilution is a bad thing short and mid term.
although i nv really read into it, pray that I'm wrong :)
Why would it be a sell down? Is the anouncement very negative? After reading thru the news, dun understand it very well.
Isn't such move postive, as it will be expanding its core bussiness very much?
Pls share your personal view of the possible outcome. THANKS
why selldown ? you mean Falcon is "stupid" to buy 53% stake at 5.4 cts per share
higher trading volume, yeah yeah, true.
cause it will all selldown!!!!
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Exciting moment for Unifiber...expect higher trading vol tomorrow... The issuance of the 53% share will dilute shareholders' value...However, the company badly needs a strategic investor to grow its forestry business further... After paying for Kutai Chipmill, short term loan and it has a good working capital. Diluted NTA is 3.8 cents, so share price can be supported at 5 cents... Written by Bloomberg |
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Tuesday, 18 May 2010 18:13 |
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United Fiber Systems agreed to buy PT Kutai Chipmill for US$65 million ($90.3 million) through the acquisition of Pacific Global Holding and Pacific Capital Holding from Masba Holding Inc. At the same time, Falcon Capital Global Holding will buy about 53% of United Fiber Systems for $178 million in cash, including newly issued stock. The funds invested will be used to fund the Kutai Chipmill purchase, to expand the group’s wood chip business and for working capital. |
Any expert to explain a bit?
ANNOUNCEMENT OF TERM SHEET IN RELATION TO:
(A) THE PROPOSED ACQUISITION OF PT. KUTAI CHIPMILL THROUGH AN ACQUISITION OF ALL THE SHARES IN PACIFIC GLOBAL HOLDING LTD AND PACIFIC CAPITAL HOLDING LTD
(B) THE PROPOSED SUBSCRIPTION OF SHARES IN UNITED FIBER SYSTEM LIMITED BY FALCON CAPITAL GLOBAL HOLDING LIMITED
UNIFIBER should resume trading by tomorrow.
Could it be so? I hope not that!
Huhushares ( Date: 18-May-2010 09:28) Posted:
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Let's hope so.... can't find anyone to provide an insight to yesterday halt?
wahahha... if similarly true, then we can see 10cents liao... my 2sense
ronleech ( Date: 18-May-2010 14:01) Posted:
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Hmmm..reported a profit of 2+mil compare to a lost of 4+mil from last year....i think must be some good news and big one like 2 years back when they won a JV contract worth over 1 billion
No idea haha..... Maybe Financing problem
Any idea due to what reason that halt the trading?
Huhushares ( Date: 17-May-2010 22:44) Posted:
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If halt for many days then sayonara liao waiting for suspended haha