HG Metal
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HG Metal a hidden gem ?
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Emm Share holder doing some collection......
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
HG METAL MANUFACTURING LTD |
| Company Registration No. |
198802660D |
| Announcement submitted on behalf of |
HG METAL MANUFACTURING LTD |
| Announcement is submitted with respect to * |
HG METAL MANUFACTURING LTD |
| Announcement is submitted by * |
FOONG LEE HENG |
| Designation * |
COMPANY SECRETARY |
| Date & Time of Broadcast |
07-Oct-2009 17:12:35 |
| Announcement No. |
00040 |
| The details of the announcement start here ... |
| 1. |
Date of notice to issuer * |
07-10-2009 |
| 2. |
Name of Substantial Shareholder * |
CHONG THIM PHENG |
| 3. |
Please tick one or more appropriate box(es): * |
| |
Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]
|
| 1. |
Date of change of [Select Option] |
|
| 2. |
Name of Registered Holder |
|
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
[Select Option] |
| |
# Please specify details |
|
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of [Select Option] held before the change |
|
| As a percentage of issued share capital |
% |
| No. of N.A. which are subject of this notice |
|
| As a percentage of issued share capital |
% |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
|
| No. of N.A. held after the change |
|
| As a percentage of issued share capital |
% |
|
| 1. |
Date of change of Shareholding |
07-10-2009 |
| 2. |
The change in the percentage level |
From 6.46 % To 6.49 % |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
Open Market Purchase |
| |
# Please specify details |
|
| 4. |
A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
| THE CHANGE IN THE PERCENTAGE LEVEL IS THE RESULT OF A SERIES OF TRANSACTIONS. |
|
| 1. |
Holdings of Substantial Shareholder , including direct and deemed interest : |
 |
Direct
|
Deemed
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| No. of shares held before the change |
50,050,666 |
0 |
| As a percentage of issued share capital |
6.46 % |
0 % |
| No. of shares held after the change |
50,250,666 |
0 |
| As a percentage of issued share capital |
6.49 % |
0 % |
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Think ! think ! Someone just off-load such big volume, but who buy, there is a hand-shake and transaction. Some sell and needs some to buy !
Who buy up ? I think still ok to hold. Some willing party to sell and some willing party to buy, to create transaction. I still think it is cheap to hold.
This is my personal view.
It is just one substantial shareholder selling away all 80 millions shares (bought at placement $0.10) the past 2 days and that pushed the price down by so much.
Nonetheless, at current price of $0.125 is still very cheap to hold this counter.
3 major transactions today by BB include 2000 lots, 8000 lots at $0.12 and 10,000 lots at $0.125.
Agreed, buying interest is still there. Watch out next week.
God_of_War ( Date: 18-Sep-2009 20:00) Posted:
| Although only 0.05 up, is still a good up. Cheers. |
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Although only 0.05 up, is still a good up. Cheers.
Last 10 mins before market closed, there were 12000 lots selling at $0.125 all cleared including 1 transaction of 10000 lots.
We should be able to see some upward movement next week if market is stable.
BB bought 2000 lots and 8000 lots at $0.12 in just 2 transactions.
i dun tink this is a good stocks but this will be a trading buy.. buy n dump
a good stock to keep based on chart? any1 wondered if its really a good value stock then why the huge selling this 3 days? my estimate is either major holder need cash, company need cash if not then something is not right...
Agree that this is a good stock to keep ....
A good stock for Keeping.
the last run up 50cts.........before give bonus share.........after that high of 40plus...........goood one make goood money from this one............
how high can tis stock rise? any estimation?
Ya, If can, can add on. But to be frank, this one can hold long for good profit.
mortal_azazel ( Date: 17-Sep-2009 11:25) Posted:
| I hope to get it at 0.10 .... not sure possible or not ... |
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I hope to get it at 0.10 .... not sure possible or not ...
ooo drop somemore, can collect again. Monitor first.
Today looks like consolidation mode leh........
China is cutting production for steel products to prevent overcapacity.
This is a good time to accumulate this counter.
Future looks bright for steel products when entering into 2010, especially when the demand is starting to pick up.
Maybe public transfer of share...
Anyway Since April, steel prices have recovered by about 20% for most steel products. With a recovery in the economic climate and major economies, HG Metal has seen some pick up in demands in 3Q09.
Its time to pick up some. (my opinion)
Integrity ( Date: 16-Sep-2009 20:00) Posted:
| Wondering who is that substantial shareholder selling these 2 days? |
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