Fu Yu    Last:0.095    -0.001

Fu Yu.....potentially next RTO target

next will be achieva

victorian2      ( Date: 04-Sep-2009 18:17) Posted: Blast off!!!!!! Pleasant surprise to end the week at 13c. All these low voume stocks once cornered...will see significant price movements over a period of time esp if there is a corporate story on it.

 

due to work commitments I didn't monitor and add positions. really should have added when the buildup was there.

Well.....happy to score.

As to TP. these stocks have no TP. they are cornered so anything goes.

 

It was rocking last week...glad to pick it up @ 10.0c...:)

Lets see how far can it go.

 

congrats ya..

victorian2      ( Date: 04-Sep-2009 18:17) Posted: Blast off!!!!!! Pleasant surprise to end the week at 13c. All these low voume stocks once cornered...will see significant price movements over a period of time esp if there is a corporate story on it.

 

Blast off!!!!!!

Pleasant surprise to end the week at 13c.

All these low voume stocks once cornered...will see significant price movements over a period of time esp if there is a corporate story on it.

 

Careful with low volume stocks. Later kena stuck then jialat. Any target price Mr VIctorian2?

 

Wow...check this out...volume is building up...;)

 

nice ending today with price marked up in the last 5 mins to 10.5c.

ADX tightening so hoping for major breakout....

 

Nice....buying ups starting for this counter. infant starting to crawl....

vested

 

my other infant in the making into a toddler. 10c now.....

vol still low but creeping up under the radar

 

Following corporate moves.... that smell of RTO. Check out new CFO in April. Will be a busy 2nd half of the year for him. Fu Yu Corporation Limited Announces Members' Voluntary Liquidation Of Fu Ying Moulding & Tooling (Shanghai) Co., Ltd. Reuters Key Development - May 13, 2009   Fu Yu Corporation Limited announced that the liquidation of its wholly owned subsidiary in China, Fu Ying Moulding & Tooling (Shanghai) Co., Ltd, which was placed under members' voluntary...

Fu Yu Corporation Limited Announces Appointment Of Chief Financial Officer Reuters Key Development - Apr 30, 2009   Fu Yu Corporation Limited announced the appointment of Liaw Chun Huan as Chief Financial Officer of the Company.

Fu Yu Corporation Limited Announces Voluntary Liquidation Of Fortune Mission Sdn Bhd Reuters Key Development - Dec 4, 2008

 

this one no hurry.....buy and hold strategy

 

have not started buying yesterday.. went into other counters..

 

yesterday, counter seems to have activity. Was a big 1m sell block there for the whole day.

Accumulation at 8.5 to 9.5c

good to see that. Nascent stage for this counter

 

Just for ppl's education...

RTO stocks or major share restructuring counters are imperous to economic conditions.

infact, THEY THRIVED ON BAD ECONOMIC DATA AND NEWS as they need to collect shares quietly and at the lowest possible price.

Hence RISE IN OLD PRICE IS good news to them.. not bad news.

the general retail public will react to these bad news and example share sales from directors or SSH.

 

this counter has common shareholders and directors in another plastic coy TTL.

Reason why it perked my interest cos I have shares in TTL(name has changed). They just did a major rights issue at 5c. which diluted miniorities big time but prior to that, share price was trading at 12-13c which at that time, really did not justify its earnings etc.

So my co-orporate radar mind alerted when I common shareholders/directors.

have bought in an appropriate position but smaller than achieva. Achieva already in the works so want to stay vested there while taking advantage in any 2rd wave moves in Fu Yu. 1st wave done from 5c to 9c over several weeks so already miss the boat there. Want to wait for 2nd wave. 2nd wave will be confirmation of any pending major co-orporate moves like a merger or major event..

 

I re-interate. THIS IS AN EXOTIC STOCK. NO TRADERS or chartist please.

U will be highly disappointed.

 

 

Raw material for plastic is crude.

With oil price surging might crash plastic counter, and consumer elctronics still in coma.

S-chip better for next play. (cacola moving huge already)

 

victorian2, how many shares have you invested in Fu Yu ?

victorian2      ( Date: 05-Jun-2009 15:39) Posted: Came across Fu Yu... 1. 8.5c cash per share. 2. resolutions saw the passing of  1 for 1 rights issue. 3. new directors since 2008 admist scandle. 4. new major shareholder.. 5. rationalization of loss making subsidaires, cost cutting measures 6. cashflow is positive some key signs of a major corporate play ie RTO. NO TRADING PLEASE. this is an exotic stock like Achieva. Needs holding power. vested

 

oh remember .. if it is rebuilding its business, worth positioning for recovering..maybe will take in 100lots..thanks

 

This is in plastic injection moulding and have presence in Malaysia, China. Do think they are more incline towards consumer products.... given this economic environment and the industry, i'm not so sure about this company....

my 1 cent worth