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Do you think it will drop somemore?
jamesng ( Date: 12-Dec-2012 20:50) Posted:
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bishan22 ( Date: 12-Dec-2012 17:57) Posted:
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Make Bugs ok .
Hahahahahahahahahahha
srichipan ( Date: 09-Dec-2012 19:11) Posted:
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good stock/ counter ... no woory .. it wll rise again ...
Anything below 1.4 is still a good entry ... got potential to move above 1.5 in near term ...
Cheers ... STX has good news and good dividends ....
srichipan ( Date: 12-Dec-2012 17:17) Posted:
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it's like i'm saying if it breaks above 1.425 it will gain upwards.
make no sense
bishan22 ( Date: 12-Dec-2012 16:43) Posted:
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bishan22 ( Date: 12-Dec-2012 16:43) Posted:
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guys do some research on the historical price of this counter BEFORE news of M& A.
the price moved up several times due to rumors of the take over prices i.e. 1.65, 2.00 n then dive when no action.
many has profited n left, many wanna go in hoping for the take over to materialize but dont know wat price to enter.
my advice is mkt very fair one, when those BB left the scene the real price will reveal itself, so wat is the fair value price?
If you plot the overhead resistance, this stock is clearly still in downtrend. Unable to clear 1.47. I guess change of ownership
brings about uncertainty for this stock. My view is that it is hard to climb back to the glory days until the new owner can prove
otherwise.
viewpt ( Date: 12-Dec-2012 15:08) Posted:
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Tehfeng89 ( Date: 12-Dec-2012 16:06) Posted:
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Peter_Pan ( Date: 12-Dec-2012 10:38) Posted:
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InvestNotTrade ( Date: 11-Dec-2012 15:46) Posted:
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Peter_Pan ( Date: 11-Dec-2012 13:54) Posted:
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Just in news...deal should be soon with this surge in parent firm trading price.
http://www.bloomberg.com/news/2012-12-11/stx-companies-jump-on-report-stx-osv-sale-near-seoul-mover.html
STX Pan Ocean Co. (028670) jumped the most in about four years in Seoul trading, leading gains by STX Group companies, after MoneyToday said the group was close to signing the sale of its 51 percent stake in STX OSV Holdings Ltd. (SOH)
The bulk-shipping company surged as much as 15 percent, the most since December 2008. It was up 13 percent at 3,210 won as of 10:51 a.m. STX Offshore & Shipbuilding Co. (067250)rose as much as 12 percent and holding company STX Corp. climbed as much as 10 percent.
STX Group may announce the sale of offshore-vessel builder STX OSV to Fincantieri SpA“soon,” MoneyToday said, citing unidentified officials familiar with the deal. The report was posted on the news provider’s free website today after being published on a subscription service Dec. 4. The stake may raise about 800 billion won ($743 million), the article said.
“Bets that the group’s financial risks will decline with asset sales are driving shares up nicely today,” said Kang Dong Jin, a Seoul-based analyst at HMC Investment Securities Co.
STX Group said in January that it may sell the STX OSV stake as it struggles with debts and a collapse in ship orders caused by a global glut of vessels and slumping cargo rates. The group declined to comment on the MoneyToday report when contacted by Bloomberg News today.
Bloomberg reported the talks with Fincantieri in April. STX Group agreed to sell 43 percent of its power-plant unit to Tokyo-based Orix Corp. (8591) in October. The group is aiming to raise a total of 2.5 trillion won from asset sales.
STX Engine Co. rose as much as 11 percent today, while the benchmark Kospi Index was little changed.
STX Pan Ocean also gained after Shinyoung Securities Co. said today the company may make an operating profit next year, its first since 2010.
To contact the reporters on this story: Saeromi Shin in Seoul at sshin15@bloomberg.netKyunghee Park in Singapore at kpark3@bloomberg.net
To contact the editors responsible for this story: Darren Boey at dboey@bloomberg.net Neil Denslow at ndenslow@bloomberg.net