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unlikley to move much esp after rights issue > new shares on the way..temporary held up so pple will subscribe for its rights...after that no > support..time to switch as holding cost and time are opportunity costs..can consider...
BengKuang safe to buy at 87.5cts???
quote="pigcanfly007"]I will be a very happy man 
[/quote]
Juitian to cross >70cts need time ..recently after its ex-bonus and ex warrants it was pushed to 70-82cts against its theoretical ex price of ab 60cts( $3.02 /5)..after that it came down as new shares and warrants were credited to CDP...
And applying this to BengKuang which has just be given in principle blessing by SGX on 5Nov..by he time major papers published its EGM date or when circulars are dispatched to shareholders don't expect to get at this price 87.5cts today.
Why safe? during Oct 19 sharp correction it dropped momentarily to 81cts and by end of day crept back to 86cts and on mon and tue 29 and 30 Oct...it broke out of its chart 92cts on nol >2mil unlike its daily average vol of ab 300-500lots...When dubai dry dock successfully acquired Labroy..most biz will be passed to BKM..Pan United was successful acquired by Dubai...and Pan United is also a customer of BKM like most major shipyards in S'pore.Dubai world Port successfully acquired P & O and has apllied for IPO in Dubai may provide synergy or even take over BKM in the near future..say at 90cts ex all price is ab 30cts but I expect it to trade>40cst..its recent pte placement price to institutions at 38cts..can consider if U can hold but definitely not for contra pl
[/quote]Juitian to cross >70cts need time ..recently after its ex-bonus and ex warrants it was pushed to 70-82cts against its theoretical ex price of ab 60cts( $3.02 /5)..after that it came down as new shares and warrants were credited to CDP...
And applying this to BengKuang which has just be given in principle blessing by SGX on 5Nov..by he time major papers published its EGM date or when circulars are dispatched to shareholders don't expect to get at this price 87.5cts today.
Why safe? during Oct 19 sharp correction it dropped momentarily to 81cts and by end of day crept back to 86cts and on mon and tue 29 and 30 Oct...it broke out of its chart 92cts on nol >2mil unlike its daily average vol of ab 300-500lots...When dubai dry dock successfully acquired Labroy..most biz will be passed to BKM..Pan United was successful acquired by Dubai...and Pan United is also a customer of BKM like most major shipyards in S'pore.Dubai world Port successfully acquired P & O and has apllied for IPO in Dubai may provide synergy or even take over BKM in the near future..say at 90cts ex all price is ab 30cts but I expect it to trade>40cst..its recent pte placement price to institutions at 38cts..can consider if U can hold but definitely not for contra pl
