Eagle   

Stock at 0.07, Cash Distribution at 0.08!!!

wah ! another 2.2million at 1.5cts........ .........squeeze my brain still can't understand with my limit juices.....anybody can understand.........OH...OH...yes....anything can happen in the stock market.....so don't have to think so much....hehehe

 

If you spend a little time reading all the previous posting you will have a good idea wat is this all about.....read first hor...before you do anything....

petersonjack      ( Date: 28-Oct-2010 12:30) Posted: can anybody post their fianical reports? A good gem to pick up? When is the pay-out date of dividend?

 

can anybody post their fianical reports?

A good gem to pick up? When is the pay-out date of dividend?

 

Wah!...buy at 1.5cts.....phew! nav is only 7cts leh....value the share at 75cts....wow........seem too high for me liao lor......careful liao.....

 

Those who buy at 1cts now...is pricing the nam cheong (target company) at 50cts...after the 50 to 1 conslidation....and at a P/E of 16.333 base on last yrs earning....unless this yr has got super growth than may be can command a better pricing lor.....something they know that we don't......hehehe....in the stock market anything can happen.......

 

hehe now sell your eagle at 1ct....you make more than700%......if you sell at .05cts if you buy at 8cts....still make more than 300%...hehehe

 

wah ! yesterday trading abit  ab normal hor!....got ppl sell down 5,000,000 at 8cts.....then after awhile.....buy up 5,000,000 at 8.5cts...............Oh!...remember hor! last day of record is 1/11/10 by 5pm.....do not really knows wat it means.....it last day buying in before 5 pm...any sifu???......pay out on the 12/11/10......belief they will ann... issue of the 94 billion share the next day,than share consolidation togahter........ehehe.......tot,.....one thing still got wait and see...how they going to place out the 15% share require by SGX ruling.........if throw into the open market ,wah....shareprice sure drop like a stone.....200 over million leh...that is more than the float that is no hold by the new owner of eagle lor.....any sifu...can share share har?

 

aiya. looking at the vol done, i doubt will have chance even if q at .08

lawcheemeng      ( Date: 18-Oct-2010 11:10) Posted: the consolidate shares have to list at 20cts and above....the rest is up to Mr market to decide lor....who knows may can shoot up to 1 dollar leh.....hehehehe anything can happen in the stock market leh.....hehehe

 

the consolidate shares have to list at 20cts and above....the rest is up to Mr market to decide lor....who knows may can shoot up to 1 dollar leh.....hehehehe anything can happen in the stock market leh.....hehehe

 

is consolidated eagle considered new share?

 

 

well.. i don't think its considered a new share, since its just a share consolidation exercise

new shares are those ipo shares, which has a min. price for listing... this?.. i doubt so ;)

 

but sgx rules is that new shares must trade at 20 cents or more. so... ooo thanks

belgeran      ( Date: 17-Oct-2010 23:42) Posted: actually.. question... we're assuming that post distribution, the share price will trade 0.000, 0.005 since thats the lowest a share can go in the market.. post consolidation, with the assumption of 50 x 0.005 = $0.25... a discount and we get $0.20... but given that the company has near to no value after distribution, will it even trade at $0.20 though? i would think it most likely trades near $0.1 or even lower... but thats just my thought... without a basis for its new venture in shipping related business, we do not know if its EPS will even be positive to begin with..

 

actually.. question...

we're assuming that post distribution, the share price will trade 0.000, 0.005 since thats the lowest a share can go in the market..

post consolidation, with the assumption of 50 x 0.005 = $0.25... a discount and we get $0.20...

but given that the company has near to no value after distribution, will it even trade at $0.20 though?

i would think it most likely trades near $0.1 or even lower... but thats just my thought...

without a basis for its new venture in shipping related business, we do not know if its EPS will even be positive to begin with..

 

I think i understand Law. Here is how I think the scheme will work.

You buy 50 lots at $0.08. You pay $4000 (excluding brokerage). You will receive pay out of $3925 ($0.0785*50). So your 50 lots will cost a nett sum of $75 ($4000 - $3925).

Upon consolidation, your 50 lots become 1 lot. So your one new lot costs $75.

Upon listing of the new consolidated shares, the listing price is to be at least $0.20. So, your one new lot will be worth at least $200. Hence your one new lot flips approx 3 times.

The actual return based on your initial capital is however only $125 out of $4000 you put in. After taking away fees (min $25 each way), your gain will be down $75. The return is about 1.8% over one month.

Looks good if you have big volume, say about 500 lots. Otherwise, it is KOPI money lah.

If you don't have any now and queue up for $0.08, you need to also think about the scenario that you may not get 50 lots. What if you get only 20 lots.................You do the sum to see if it is OK. 

 

 

 

bladez87      ( Date: 17-Oct-2010 21:30) Posted: to my understanding, the company will be paying shareholders $0.0785 per share they hold. so if i get at .08, then i will effectively be paying .0015 per share or $1.5 per lot after they make the payout on 12 Nov? actually, that is all i understand, the price of 0.25, the 50 lots, 300%, consolidation move etc all i dont quite get it. bladez87      ( Date: 17-Oct-2010 21:21) Posted: hi law, i not quite clear after reading the pdf. their proposed distribution is $0.0785. and their consolidation is 50 to 1. that means if i get 0.08 50 lots, it will be $4000. so my 1 lot would cost me 4000. what is the 0.25 price you are talking about? how can i stand to benefit? and that 300%? sorry i am a newbie, and i wanna learn. appreciate it if you can share more. thanks

 

you got 50% of the deal rite...if you r cost is 0.015cts per share after distribution then after consolidation....wat is your cost per share?? you do a simple sum......as mention in the agreement and listing rule by SGX...min price per list must be 20cts rite....so is it not a 200 t0 300% flip from your cost?,,,hehehe   now you see...hehehe can sleep well liao lor......nap nap hor....may be more...hehehe

bladez87      ( Date: 17-Oct-2010 21:30) Posted: to my understanding, the company will be paying shareholders $0.0785 per share they hold. so if i get at .08, then i will effectively be paying .0015 per share or $1.5 per lot after they make the payout on 12 Nov? actually, that is all i understand, the price of 0.25, the 50 lots, 300%, consolidation move etc all i dont quite get it. bladez87      ( Date: 17-Oct-2010 21:21) Posted: hi law, i not quite clear after reading the pdf. their proposed distribution is $0.0785. and their consolidation is 50 to 1. that means if i get 0.08 50 lots, it will be $4000. so my 1 lot would cost me 4000. what is the 0.25 price you are talking about? how can i stand to benefit? and that 300%? sorry i am a newbie, and i wanna learn. appreciate it if you can share more. thanks

 

good to hear you make $$ from lorenzo......hehehe.....utimately is your own decision lah.....good catch for eagle too...this one nap nap ....200 to 300%...may be more........

rachael      ( Date: 17-Oct-2010 20:18) Posted: Hello Law, thank you for your posting at Lorenzo postings therefore  I manage to hold these shares for a year, got them at $0.115. Hope Eagle will be another good catch for me too. lawcheemeng      ( Date: 16-Oct-2010 10:32) Posted: wah you also caught some at 8cts ...hehehehe.....good catch ......wait for money lor......oh be prepare to catch some lorenzo also when it come back to 14 to 16 range.....heheh

 

to my understanding, the company will be paying shareholders $0.0785 per share they hold. so if i get at .08, then i will effectively be paying .0015 per share or $1.5 per lot after they make the payout on 12 Nov?

actually, that is all i understand, the price of 0.25, the 50 lots, 300%, consolidation move etc all i dont quite get it.

bladez87      ( Date: 17-Oct-2010 21:21) Posted: hi law, i not quite clear after reading the pdf. their proposed distribution is $0.0785. and their consolidation is 50 to 1. that means if i get 0.08 50 lots, it will be $4000. so my 1 lot would cost me 4000. what is the 0.25 price you are talking about? how can i stand to benefit? and that 300%? sorry i am a newbie, and i wanna learn. appreciate it if you can share more. thanks   lawcheemeng      ( Date: 16-Oct-2010 13:46) Posted: edwinteo....when i say 300% is not the princple sum that you put in hor.....it is the left over sum after you get the ditribution.if you buy at 8cts ......clearify just incase......but lucky this few day no body buy at 8.5cts.....wah if not i sure kena shoot...if you buy at 8.5cts you will lose money liao.......

 

hi law, i not quite clear after reading the pdf.

their proposed distribution is $0.0785. and their consolidation is 50 to 1. that means if i get 0.08 50 lots, it will be $4000. so my 1 lot would cost me 4000.

what is the 0.25 price you are talking about? how can i stand to benefit? and that 300%? sorry i am a newbie, and i wanna learn. appreciate it if you can share more. thanks

 

lawcheemeng      ( Date: 16-Oct-2010 13:46) Posted: edwinteo....when i say 300% is not the princple sum that you put in hor.....it is the left over sum after you get the ditribution.if you buy at 8cts ......clearify just incase......but lucky this few day no body buy at 8.5cts.....wah if not i sure kena shoot...if you buy at 8.5cts you will lose money liao....... edwinteo      ( Date: 16-Oct-2010 00:45) Posted: how come must catch below 8cts if it may go up to 300%?

 

Hello Law, thank you for your posting at Lorenzo postings therefore  I manage to hold these shares for a year, got them at $0.115. Hope Eagle will be another good catch for me too.

lawcheemeng      ( Date: 16-Oct-2010 10:32) Posted: wah you also caught some at 8cts ...hehehehe.....good catch ......wait for money lor......oh be prepare to catch some lorenzo also when it come back to 14 to 16 range.....hehehe rachael      ( Date: 15-Oct-2010 23:15) Posted:  i used the profit from  lorenzo to get some  lots at $0.08 on thursday after reading your posting. do update us if you sell..thanks

 

edwinteo....when i say 300% is not the princple sum that you put in hor.....it is the left over sum after you get the ditribution.if you buy at 8cts ......clearify just incase......but lucky this few day no body buy at 8.5cts.....wah if not i sure kena shoot...if you buy at 8.5cts you will lose money liao.......

edwinteo      ( Date: 16-Oct-2010 00:45) Posted: how come must catch below 8cts if it may go up to 300%? lawcheemeng      ( Date: 13-Oct-2010 10:50) Posted: yesterday caught some..at 8cts..hehehe...after distribution .....the $ still there has got potential to flip aleast 300%....if list the shares at 25cts.( min will be 20cts as  per listing rule) .....remember must catch at 8cts and below hor.....if interested........going to be soon aspect to get D by end of the yr.....may be end bonus...hheheeh