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2321-2340 of 2995
is time to hoot liao,,,,,,,,,,,,,,short covering coming liao
| By Robin Chan |
MINING company Straits Asia Resources is on an expansion trail to more than double its output by 2012.
Amid the economic downturn, the company is close to acquiring a third coal mine in Indonesia, its chief executive Richard Ong told the press on Friday.
The deal is expected to be completed this year and will add 2 million tonnes of production capacity. Mr Ong said that the company is targeting 20 million tonnes of coal output by 2012, up from 9.5 million tonnes this year.
The company currently owns two mines in Sebuku and Jembayan in East Kalimantan, after it acquired the Jembayan mine in 2007.
The two mines will contribute about 18 million tonnes combined, with 10 million tonnes from the Jembayan mine and 8 million from the Sebuku mine. The new mine, near Jembayan, will add 2 million tonnes.
Mr Ong revealed that eight to 10 companies have shown interest in the parent company Straits Resources' 47 per cent stake.
The Australian miner said last December it would undertake a 'strategic review' of its stake, prompting a slew of interest.
Reports have said that commodities firm Noble Group and Indonesian coal miner PT Indika Energy Tbk are among the interested bidders.
However, Mr Ong said that he would oppose a takeover if the bidding company wanted to change management or did not share the same vision for the company.
Mr Ong took over from David Toms in 2007 and abruptly refocused the company's strategy on coal. He co-founded the company in 2004, and served as its chief operating officer until two years ago.
http://www.straitstimes.com/Breaking%2BNews/Money/Story/STIStory_346779.html
8 to 10 potential company intest tis baby,,,,,,,,,,,how much they going to buy over,,,,,,,,,,,,,,,,,im hope parent of tis baby will put higher to those hungry invester,,,,,,,,,,,,,,,,,,,,,,company now is trading very undervalue,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,all i knoe is game just start,,,,,,,,,,,,,,cheers
Hey louis, with the news in the media...this one look to chiong on Monday...congra..for vested in here..
will be on lookout to join in the fun..
buy more,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,cheers for me
today i very confident tis baby,,,,,,,,,,,,,,,,,,,,,,,,cheers
start climb back to mountain again,,,,,,,,,,,,,,,,,,,,,,althought still long way to go,,,,,,,,,,,,,,,but im confident tis baby will finally reach the top of everest hill,,,,,,,,,,,,,,,,,,,,,,,,the name we can trust,,,,,,,,,,,,,,,,,,,,,,,,cheers
still holding half,,,,,,,,,,,,,,,,,down can atttact,,,,,,up can withdrawl.............im here
Thu, 26 Feb 2009, 10:04:38 SGT OCBC
Straits Asia Resources Ltd’s (SAR) FY08 results were ahead of expectations. Revenue accelerated
by 133.2% to US$585.2m on strong coal prices and higher production volumes, leading to a 335.6%
surge in net profit to US$124.4m. Gross profit margin for FY08 ballooned by 16.6ppt to 39.4% on
sky-high coal prices, while net profit margin expanded by 9.9ppt to 21.3%. We see more room for
profit margin improvements in FY09 given that the bulk of SAR’s FY09 output has been contracted
at favourable prices. This will also boost the group’s cash flows. A final dividend of 2.18 US cents
has been declared, bringing total dividends for the year to 6.83 US cents (yield: 12%). We have raised
our WACC to cater for higher borrowing costs and lowered our thermal coal price assumptions for
FY10 and beyond, resulting in a slightly lower fair value estimate of S$1.15 (from S$1.35).
Nevertheless, we maintain our BUY rating on the stock.
Me thought that was over some weeks back???so ???but i still like to punt on blues...
louis_leecs ( Date: 26-Feb-2009 22:52) Posted:
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mother sell the baby deadline close soon ,,,bb going to action liao,,,,,,,,,,,,,i hope my tp tis baby 1.00 and anytime will touch 1.05,,,,,,,,,,,hoot liao,,,,,,,,,,,,kill short action near when ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,ho sai liao,,,,,,,,,,,,cheers
unloaDED SOME for my strategy,,,,,,,,,,,,,,,,,,,,,wait for unloaded if up,,,,,,,,,,,,,,,,,,,,,,,,,,if down to 70cts,,,,,,i got bullet to buy more,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,cheers
then u should short BIG BIG if u believe so
today is a short opportuntity...no way sar can substain, just a one day affair niah!
no $1.80 no SELL. HURRAY !!!!!!!!!!!!!!!!!!!!!
ho sai lai,,,,,,,,,,,,,,,,that wat i want to say for so long,,,,,,,,,,,,,,,,,,,,,,good company is good for holding,,,,,,,,,,,,,let me tell you tis baby is a shortist darling,,,,,,,,,,,,,,,,,alot broking hse having cfd acct short by a lot parcipate,,,,,,,,,,,,,,,,,,,,,so tomorow will see they are going to short covering action,,,,,,,,,,,,,,,,,,hope strait asia shareholder tomorow,,,,,,,,,,,,,,at least tis week,,,,,,,,,,,,try not to sell our baby away,,,,,,,,,,,stay slideline and watch they one way action,,,,,,,,,,,,,dont buy and dont sell,,,,,,,,,,,,watch them huangry buy covering,,,,,,,,,,,,hope they will punish by dont have share to buy back,,,,,,,,,,,,,,,,and ,,,,,,,,,,,,,,,,,,,,watch the show tomorow 859am start kick off,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,cheers
Ha ha, not bad leh. Ar 3.31 cts div above cur px, of 4% leh.
If coming US strengthen, n ds burger decent further, hmm, wat up?
Straits Asia Resources posted on Tuesday a net profit of US$124.4 million for the full year ended Dec 31, 2008, on the back of 'record coal production' and 'record coal sales'.
This is more than four times that of the US$28.6 million earned a year ago.
Sales revenue also jumped 133 per cent year-on-year to US$585.2 million.
The company is recommending a final dividend of 2.18 US cents a share.
This is more than four times that of the US$28.6 million earned a year ago.
Sales revenue also jumped 133 per cent year-on-year to US$585.2 million.
The company is recommending a final dividend of 2.18 US cents a share.
kenna rammed!..
but got worse as STI fell as well
ozone2002 ( Date: 17-Feb-2009 09:44) Posted:
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Its 3qtr revenue fr coal surged more than 5 fold fr increase pdtn n sales. Given 1.55cts div.
Its last FY mtg was on 25 Feb 08, given 0.75cts div.
Other mtgs r as follows:
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Transview Hldgs |
AGM |
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25-Feb |
4.00pm |
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China Flex Pack |
AGM |
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26-Feb |
5.00pm |
|
NEL Grp |
EGM |
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26-Feb |
11.30am |
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KSH Hldgs |
EGM |
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27-Feb |
2.00pm |
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Ecowise Hldgs |
a) AGM |
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27-Feb |
a) 3.30pm |
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CapitaMall Trust |
EGM |
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2-Mar |
2.30pm |
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Sunway Intl |
AGM |
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4-Mar |
11.00am |
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Juken Tech |
EGM |
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5-Mar |
10.00am |
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B Sembawang |
EGM |
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6-Mar |
10.30am |
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TPV Tech |
Special |
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6-Mar |
2.00pm |
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Asiapharm Grp |
Special |
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6-Mar |
10.00am |
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Global Tech |
AGM |
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13-Mar |
10.30am |
kingster ( Date: 24-Feb-2009 11:36) Posted:
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