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cheongwee
    30-Apr-2009 18:25  
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yes, u are right..1 and below is hard to get, as far as we can see nw...but in future maybe..dow 5000..who know???

iceman76sg      ( Date: 30-Apr-2009 13:50) Posted:

looks like the share won't drop below $1 ya.......takeover price 0.807 what a joke! Cheers!

 
 
cheongwee
    30-Apr-2009 18:22  
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me thk this one will make another attempt at 1.19 and 1.20 region again soon.

got some today..betw.103and 105..mostly at 103....wish me luck.Smiley
 
 
iceman76sg
    30-Apr-2009 13:50  
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looks like the share won't drop below $1 ya.......takeover price 0.807 what a joke! Cheers!
 

 
niuyear
    30-Apr-2009 10:02  
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Why the short sellers will face heavy losses?  They usually use those CFD account to short and they have 30 days to cover back right?
 
 
louis_leecs
    30-Apr-2009 08:25  
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finally kill short action,,,,,,,,,,,,all shortist will kena short cover at open,,,,,,,,,,open gap up and they follow up cover,,,,,,,,,,,,,,,,,,,,,,,,,,,,the cover trend coming,,,,,,,,,,,,,,,,,,,,,,,,shot up to 1.00
 
 
louis_leecs
    29-Apr-2009 22:02  
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ho sai liao,,,,,,,,,,,,,all shortist kena catch short,,,,,,,,,,,heavy lost ,,,,,,,,,,,they heavy lost,,,,,,,,,,,,,,,,,tomorow wilol see they having second bloody cut lost ,,,,,,,,,,,,,,,,,,,finally all shotist king  kill in tis wave of buy covering,,,,,,,,,,,,,,,,,,,,,,,,priceshot up from 96cts to 1.01 and they try double short but too bad buyer cross finger push follow up,,,,,,,,,,,price like rocket shot up,,,,,,,,,,,,,,,,,,,,,,,tomorow ho sai liao,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
 

 
dcang84
    29-Apr-2009 21:30  
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That is why investors should adopt a disciplined approach and cut losses rather than wait for it to turn into ashes. I reckon there will be more of these takeovers/privatization given the price levels of some of the more viable ones.

jackjames      ( Date: 29-Apr-2009 14:11) Posted:

those who bought at $4 will be ..*$&%^#%@% ($

sad to hear they will be sold at such a dirt cheap price, oh well their IPO price only 60 cents, so, those chairman doesn't mind to sell at 80.7 cents... they still earn big bucks,....  but sad for those who bought at sky rocket price ...

now they should buy china s-shares company mah... so cheap 10 cents everywhere.. just offer them 50% more, 15 cents to acquire all their company.. sound easy huh....



cheongwee      ( Date: 29-Apr-2009 13:59) Posted:

oh yes, this is a follow up to previous post....why ppl buy at 80.7...they must have believe the actual worth to be more than 80.7...they will definitely not buy at face value, they also want to buy cheap and profit..at least 20% to 30% cheap...so prehap they value it currently at say...1.0..by calculation..JMO


 
 
cheongwee
    29-Apr-2009 16:55  
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PPT is sitting on 32%!!!now.....seller see also cannot tahan, already put their signature on the line cannot do anything already.....

and not forgetting this is a money spinner going forward...double prosperity for them..

poor for me, didnt get at 101..
 
 
cheongwee
    29-Apr-2009 15:36  
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what the heck!!!q 101 tak kana...puiiii!!!!..if they say 80.7 sell to me ..i take what i can afford.
 
 
cheongwee
    29-Apr-2009 14:40  
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for those who bought at 4 buck...why never cut??...i believe they will see this px yrs fr nw, provided the coy maintain at current performance...

but base on current fundamental i would suggest to buy more at current px..but one must be alert to cut without hestitation if maket turn, otherwise dont buy...if u dont to set cut lose..



jackjames      ( Date: 29-Apr-2009 14:11) Posted:

those who bought at $4 will be ..*$&%^#%@% ($

sad to hear they will be sold at such a dirt cheap price, oh well their IPO price only 60 cents, so, those chairman doesn't mind to sell at 80.7 cents... they still earn big bucks,....  but sad for those who bought at sky rocket price ...

now they should buy china s-shares company mah... so cheap 10 cents everywhere.. just offer them 50% more, 15 cents to acquire all their company.. sound easy huh....



cheongwee      ( Date: 29-Apr-2009 13:59) Posted:

oh yes, this is a follow up to previous post....why ppl buy at 80.7...they must have believe the actual worth to be more than 80.7...they will definitely not buy at face value, they also want to buy cheap and profit..at least 20% to 30% cheap...so prehap they value it currently at say...1.0..by calculation..JMO


 

 
cheongwee
    29-Apr-2009 14:22  
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yes agree, but this coy have grown , so 60 no longer apply...this coy is making handsome profit, otherwise who want to buy..why not buy s-share..cheaper, but tomolo gone from SGX..disappear for good..

i think it is worth much more,depend on your personnal judgement base on your analysis of coy fundamental...years ipo to date..this coy is impressive...

Buy when ppl are giving away..cheaply..

Today those who got below 1 buck are very lucky...DYODD



jackjames      ( Date: 29-Apr-2009 14:11) Posted:

those who bought at $4 will be ..*$&%^#%@% ($

sad to hear they will be sold at such a dirt cheap price, oh well their IPO price only 60 cents, so, those chairman doesn't mind to sell at 80.7 cents... they still earn big bucks,....  but sad for those who bought at sky rocket price ...

now they should buy china s-shares company mah... so cheap 10 cents everywhere.. just offer them 50% more, 15 cents to acquire all their company.. sound easy huh....



cheongwee      ( Date: 29-Apr-2009 13:59) Posted:

oh yes, this is a follow up to previous post....why ppl buy at 80.7...they must have believe the actual worth to be more than 80.7...they will definitely not buy at face value, they also want to buy cheap and profit..at least 20% to 30% cheap...so prehap they value it currently at say...1.0..by calculation..JMO


 
 
cheongwee
    29-Apr-2009 14:14  
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u say ridiculous already, so??

do u want to sell at this px???

my own value for this is 1.00..current...1.2 very bullish...and long term..definitely 2.0...no problem..

leave to market to decide..but below 1.0 is a must buy for me...DYODD



iceman76sg      ( Date: 29-Apr-2009 11:11) Posted:

So advise to sell now right? $0.807 ridiculous

 
 
jackjames
    29-Apr-2009 14:11  
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those who bought at $4 will be ..*$&%^#%@% ($

sad to hear they will be sold at such a dirt cheap price, oh well their IPO price only 60 cents, so, those chairman doesn't mind to sell at 80.7 cents... they still earn big bucks,....  but sad for those who bought at sky rocket price ...

now they should buy china s-shares company mah... so cheap 10 cents everywhere.. just offer them 50% more, 15 cents to acquire all their company.. sound easy huh....



cheongwee      ( Date: 29-Apr-2009 13:59) Posted:

oh yes, this is a follow up to previous post....why ppl buy at 80.7...they must have believe the actual worth to be more than 80.7...they will definitely not buy at face value, they also want to buy cheap and profit..at least 20% to 30% cheap...so prehap they value it currently at say...1.0..by calculation..JMO

 
 
cheongwee
    29-Apr-2009 13:59  
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oh yes, this is a follow up to previous post....why ppl buy at 80.7...they must have believe the actual worth to be more than 80.7...they will definitely not buy at face value, they also want to buy cheap and profit..at least 20% to 30% cheap...so prehap they value it currently at say...1.0..by calculation..JMO
 
 
cheongwee
    29-Apr-2009 13:53  
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to value a whole coy, base on a unit who accept the px at 80.7 is wrong in my opinion, u may have yours...if the owner have bought SAR very early way back at cheap px, so ppl offer of 80.7 which may means a handsome porfit, they may accept it gladly....

the seller of the unit may need $$$...so they may sell at cheap...i believe this one is worth much more...no vested,

But if fundamental wise remain unchange and if ppl sell till 70c, i will buy more to keep..till cow come home..DYODD
 

 
cheongwee
    29-Apr-2009 13:39  
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If i am not wrong, they(PPT) bought 60% of a unit which in turn have a stake of StraitAsia...how can they have a mandatory offer for the rest of SAR share..

Unless that 60% which they have bought is enough to trigger mandatory takover,which i do not thk so..

The 60% is in a unit which have a stake in SAR only....or if they bought over the whole unit , and the unit have more than  mandatory takeover requirement..



iceman76sg      ( Date: 29-Apr-2009 10:40) Posted:



To sell now or to hold??????........pls advise

Singapore-listed coal miner Straits Asia said on Wednesday that Thailand's PTT International , will make a mandatory conditional cash offer for all Straits Asia shares.

The move comes after PTT completed the acquisition of 60 percent of Australia's Straits Resources' unit, Straits Bulk & Industrial Pty Ltd, which holds a stake in Straits Asia, as well as coal assets in Brunei and Madagascar, in a deal worth up to $335 million.

Straits Asia said J.P. Morgan will be conducting the mandatory cash offer on behalf of PTT International at a price of S$0.807 per share, valuing the company at around S$882 million.

Trading in Straits Asia's shares were halted on Tuesday pending the completion of the deal and last traded at S$1.09.

 
 
tchoonw
    29-Apr-2009 13:32  
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hmm...my time has come. fengshui take turn to spin liao! :)
 
 
des_khor
    29-Apr-2009 11:28  
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don't know ? I'm not MFT.... who know they up thier price later ? for me... better run first to save my bullet !

iceman76sg      ( Date: 29-Apr-2009 11:11) Posted:

So advise to sell now right? $0.807 ridiculous

 
 
iceman76sg
    29-Apr-2009 11:11  
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So advise to sell now right? $0.807 ridiculous
 
 
des_khor
    29-Apr-2009 10:45  
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take over below market price ?? I've sold my 1.05 to cut loss 0.05.... ta ma de !!

iceman76sg      ( Date: 29-Apr-2009 10:40) Posted:



To sell now or to hold??????........pls advise

Singapore-listed coal miner Straits Asia said on Wednesday that Thailand's PTT International , will make a mandatory conditional cash offer for all Straits Asia shares.

The move comes after PTT completed the acquisition of 60 percent of Australia's Straits Resources' unit, Straits Bulk & Industrial Pty Ltd, which holds a stake in Straits Asia, as well as coal assets in Brunei and Madagascar, in a deal worth up to $335 million.

Straits Asia said J.P. Morgan will be conducting the mandatory cash offer on behalf of PTT International at a price of S$0.807 per share, valuing the company at around S$882 million.

Trading in Straits Asia's shares were halted on Tuesday pending the completion of the deal and last traded at S$1.09.

 
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