Metro    Last:0.37   -

Metro

I think it will go further north, I'm still holding on...

 

wow, allantan, cashiertan and red1721, all of you "huat" liao... congrats !

 

Metro up 4.5cts (5.7%) to $0.83 with very strong vol of 4.7m traded at midday today.

 

BB? big boys?

maybe big boys are selling. for me, i thought it is because it hit a resistance and went down abit which is pretty normal. IF Big Boys are selling, dun it means for us to sell too?

 

today conflicting signal as some BB were selling at 0.795, and selling far outnumber buying this morning. may pause for a while if up trend still intact

 

   I did not check if Ong family bought Metro shares above $0.80 in the past 12 months. Based on their latest purchases, if there is a general offer now, the price must be at least $0.80

 

If there is a general offer, then it must be above 80c at least. Right?

 

   The Ong family bought another 1000000 shares from the open market at $0.77 today. Potential general offer may be triggered anytime.

 

This counter needs great patience. Warming up slowly. Something is brewing but not boiling over yet.

 

  I am vested too. I see good upside potential. Good luck to all who are holding this stock.

 

i grab some at 0.785. good luck!

 

hmmm...price around 0.78 today....gonna grab somemore lots ...I'm pretty optimistic about this counter.. many signs its gonna go north pretty soon...

 

  Watch this counter closely. Based on SGX postings, the Ong family just bought 3.438 million shares yesterday at $0.80 in off market purchase.

 

Probably some profit taking cos it came up from a low of 68cts on 15 Aug. then at 72cts on 29 Aug.

 

hmmmm, price dropping today...vested on this counter last week too...

 

Hi Shplayer

Improved by 10c per share? I hope you are right man as fortune will smile on me;) as I've accumulated quite a bit @ sub 80c cd.

 

In Shui Onn' earlier attempt to float the shares, Metro did some recalculation of the revised NAV.....if the floatation was carried out, Metro's NAV would have improved to $1.13 (from current $1.03) i.e. improvement of 10cts per share.



singaporegal,

Thanks...no apologies needed.

 

The company has a US$77m investment in the preference shares of Shiu On Land, a real estate developer in Shanghai. Upon IPO, the value is expected to move significantly upward. Metro has a NAV of $1.03. Buying it at current price should be considered a bargain. Technically, the chart looks good. Price is trending upwards with MA just crossed over recently. This is a bullish sign.



Just sharing personal view based on what I know. Please make your own judgement to decide if you would like to hold this stock.  

 

With Shui On Land's listing and rally in property stocks, I feel that this stock is going up.

 

Hi shplayer,

Sorry, I didn't see your 10 August post. I was probably too busy on post National Day. :)

Here's my take -

I place more weightage on Acc/Dist and RSI than on Williams %R. This is because Acc/Dist and RSI tell me the trend of the stock (which is more important) and is thus a better leading indicator than W%R - which only tells you if its CURRENTLY oversold or overbought.