IPO
China Oilfield Technology Services
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FYI and more info reminder, in case......and printed in black and white on ST paper.
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Today Straits Times paper, page H48 (money page) headline printed IPOs chalk up solid gains as market scales fresh highs............. . The improved sentiment has prompted another eight (8) firms to lodge preliminary IPO prospectuses. Two which already launched their IPOs - Mermaid Maritime (Thais) and China Oil Technology Services.
The lastest like Sinostar has gone on to hit 150% gain after it successful IPO. This time is on China Oil.....$_$
Listing date Company last close px 1st day's % gain % gain since
Sept 26 Sinostar 95ct 51.3% 150%
Sept 24 Fuxing 66.5ct 26.1% 44.6% |
My tot directed me to this IPO offer at 95ct by Yangzijian, expensive by PER at that point in time. For more info see Yangzijian forum.
FYI oni : (Just for IPO comparison). Buying or selling, it is one very own personal decision, is not an inducement to do trading.
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2nd day traded, opened at $1.35c, (mkt down by -109.13 pt to STI 3,291.28 points), went to a low of $1.26c B4 recovering to $1.27c, vol 95,804,000 |
FYI only: Vested opinion, whatever px when it open for trading. I will leave it to my remiser.
Personal opinion: We R all matured enough, at oneself own risk. Ur $$ and is your very own personal decision
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Vested in China Oil Field...Will let my Remiser decide as my small, small share is in trust fund, so long there is $$$ going to my a/c. STAG is oso another good option to make $$$ on this IPO. |
extracted from CNA
150% up from IPO px. It is going some where middle path to..., in %-age term to about >75%, expecting to perform like Sino, maybe better.[/quote]
Why the euphoria? May not be like Uniasia or sinostar..what happen turn out China Petrotech and/or Sky Petrol..after a while drift btw 40 to 60cts below ipo?..EDGE mag...remarks 60cts for a historical price earning ratio of 18.4 for this kind of industry is not cheap...besides China oilfield doesn't own any oilfields but makes equipment thst inject chemicals to recover oil at drilling units of old oilfields of their clients..even China PetroTech( o/s shares 244mil) 2006 pretax of 20.8mil is > than chinaoil field's gross profit of $18.6mil..anyway feel free to correct me as I'm interested in Chinaoilfield too..vested from pte placement source(HL's client)
Some stock selling 40.5c (-0.02c) now TP $1/- for eg Oculus counter, think tink china Oil Field can oso TP $2.50c, just maybe, maybe real possibilties, is there....just hang on folks. IPo:) oni at 60c lehh.
Vested in China Oil Field...Will let my Remiser decide as my small, small share is in trust fund, so long there is $$$ going to my a/c. STAG is oso another good option to make $$$ on this IPO.
Pg 35 of EDGE "Chinaoilfield Technology,a mature co that makes equipment to recover oil from mature wells through chemical flooding,makes its debut at 60cents a share.westcomb Securities rates both IPOs(Mermaid maritime & Chinaoilfield) a "stag" which means investors fortunate enough to hve obtained shares thru the balloting shd take profit shd the shares open strongly."
Just for ur reading info.......extracted from CNA
up up and away
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| Sat Oct 13, 2007 10:07 am |
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| WHAT IS THE GREY PRICE FOR CHINA OIL FIELD ANY ONE KNOWS |
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teeth53
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 Posted: Sat Oct 13, 2007 |
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My Remiser told me, miminum +20, oredi a 1k paper profit. I m oso expecting >18k application to apply on this ipo, including one (1) in my name, for myself....  |
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quote="teeth53"]Sinostar $1/- ++ good, but peaking. China Oil $1/- ++ good, but not peaking yet. Just the beginning.
Tink tink China oil is better, Oil play mah, oso b'cos vested 5 lots liao.[/quote]
Don't get carried by oilfield exploration plays..see China Petrotech,also a China-based co in the oilfield exploration boast of recoverable reserves of 226.88 million barrels of oil and 14.05 billion cu ft of gas..China Petrotech biz is similiar to Chinaoil share price is only btw 61.5 - 36.5 cts for 2007.. :besides Chinaoil field is operating in a highly competitive industry..trade with care
Very hot B'cos script is limited and in short supply. Each can oni get....!!
Hot, very hot on this IPO........leilong px will never be offer again. Imagine TP $1.20ct. IPO mgr is HL Bank.
The lastest like Sinostar has gone on to hit 150% gain after it successful IPO. This time is on China Oil.....$_$
Listing date Company last close px 1st day's % gain % gain since
Sept 26 Sinostar 95ct 51.3% 150%
if anyone interest in china stock, can log on to nextinsight.com.sg, some informations are quit interesting...invest in china stock, best is to choose from the ftse st china index list...
IPO Fever train... another few more lodged with MAS OPERA website... Rokko, Dynamic Colors....good business... they are smallish but likely to be bullish.. haha... when the bull rages.. try not to get in its way...
Today Straits Times paper, page H48 (money page) headline printed IPOs chalk up solid gains as market scales fresh highs.............
. The improved sentiment has prompted another eight (8) firms to lodge preliminary IPO prospectuses. Two which already launched their IPOs - Mermaid Maritime (Thais) and China Oil Technology Services.
The lastest like Sinostar has gone on to hit 150% gain after it successful IPO. This time is on China Oil.....$_$
Listing date C
ompany last close px 1st day's % gain % gain since
Sept 26 Sinostar 95ct 51.3% 150%
Sept 24 Fuxing 66.5ct 26.1% 44.6%
log on to mas.gov.sg web sties, goto opera, you will aware how many new ipo coming, or you can buy a copy of the edge!
Many players 1/3 this IPO stock, but supplies is limited. look like another Yangzijang. not surprise that institutional fund maybe vesting it into it..
Just posted on CNA...
teeth53
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| Posted: Thu Oct 11, 2007 10:30 pm Post subject: |
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| China Petrol..px push up, well it is like to be..., but where !!! What benefit China Oil may not benefit China Petrol, considering the last IPO listed here. This one is equally very hot on oil technology play. |
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Wow, this IPO looks super hot. Wonder how high it will go up for the first few days?
same here...
applied for 20 lots...hopefully will get one or two lots...
:)
Vested 5 lots via shr placement. Applying through atm refer to clearsky1, any unsuccessful $$$ (money) will be return a upon following day (by aroung 8pm in some cases, esp DBS/POSB bank). The day after it close on 15-10-07.
If it is successful, less $600/- for one (1) lot and so on....
