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Went searching for news this morning brings me to dong
http://m.donga.com/3/all/20120604/46758447/1
One of the 3 major dailies in south korea.
Below is the translation by google.
" The STX STX OSV, STX Energy, STX Heavy Industries, and other subsidiaries sold 2.5 trillion won through plans to get cash. The sale of stake in STX OSV pinkantieri - Carlyle Group Consortium and the final price set out in coordination state. The STX Energy, STX Heavy Industries Development Bank etc. and special purpose company (SPC) by establishing a plan to sell shares directly through publicly traded companies plan to"
Looks like its now not a matter of will the sale go through, but more of at what price will it go through as STX parent firm looks for 2.5 trillion won from the sale of their 3 subsidaries.
Article is 7 hour old
This is a tricky situation. The price (if it is 1.60) is agreed between the bidder and STX PO at a different time frame. Whether the bidder is required to mandatory take over all the rest of the share is still a (?) mark. Another question is whether the successful bidder has obligation to take over the rest floating in the market at 1.60? It can be lower perhaps due to market condition if it is required to do so. So it is still a risk.
tglim74 ( Date: 04-Jun-2012 22:54) Posted:
| One question to ask all the gurus here: in the situation like this, doesn't it better for the bidder to buy from the open market at cheaper price rather than from STX at 1.60?? |
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Up very fast now
Any news
Thanks, will listen to your advice to choose the wait strategy. This time dunno where is the bottom. So many issues suddenly pop out: Greece, Spain, US slow recovery, China slowdown, etc, etc...
littleboi ( Date: 04-Jun-2012 21:18) Posted:
Hold ur cash, wait for it to go really bottom...and buy and keep :)
tglim74 ( Date: 04-Jun-2012 12:56) Posted:
Thanks for the advice. The itchy hands make me pay a lot recently  |
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One question to ask all the gurus here: in the situation like this, doesn't it better for the bidder to buy from the open market at cheaper price rather than from STX at 1.60??
If the runaway gap created today would not cover in the next few days , then the downside target may to reach n even go lower .
Bintang ( Date: 04-Jun-2012 12:47) Posted:
All the way it goes down .
Bintang ( Date: 03-Jun-2012 15:43) Posted:
| STXOSV may go to $1.10 if $1.38 fails to support |
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Hold ur cash, wait for it to go really bottom...and buy and keep :)
tglim74 ( Date: 04-Jun-2012 12:56) Posted:
Thanks for the advice. The itchy hands make me pay a lot recently
iPunter ( Date: 03-Jun-2012 17:53) Posted:
Yes, if you are new, don't meddle with shares.
Remember, even veterans lose a lot of money in shares... 
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If you think this way, that mean the fear is not here yet.......
bryancbq ( Date: 04-Jun-2012 16:46) Posted:
might even go lower than 09 bottom. time to whack hard hard if it does!
MtFaber ( Date: 04-Jun-2012 15:12) Posted:
| Better to hold cash. Looks like history going to repeat itself. Last time in 2008 is the housing debt bubble. This time round it is the EU member states debt bubble. Uncle sam's debt bubble is yet to be exposed. If china slows down too rapidly, china can also have a housing bubble! Prices going below 2008 level is now a possible reality!
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Lucky they suck their own Thumb , I think 2008 is already , Target price may after two week 1.10 dollor. Pls dont trust the analyst , they are not studied in Howard uni , this clever beggar getting money from company writing wrong report 3 month,6 month, 12 month target 2.00 dollor. two year before i bought china milk one analyst said target price 90 cent. finally Suspended more than two year no news. iPunter ( Date: 04-Jun-2012 10:14) Posted:
How you know they are sucking their thumbs?
Who knows, maybe they are Huat Aaaaarh!!!...
bishan22 ( Date: 04-Jun-2012 10:11) Posted:
Analyst reports said its TP is 2.00. Now they are sucking thumbs, i mean both thumbs. |
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might even go lower than 09 bottom. time to whack hard hard if it does!
MtFaber ( Date: 04-Jun-2012 15:12) Posted:
Better to hold cash. Looks like history going to repeat itself. Last time in 2008 is the housing debt bubble. This time round it is the EU member states debt bubble. Uncle sam's debt bubble is yet to be exposed. If china slows down too rapidly, china can also have a housing bubble! Prices going below 2008 level is now a possible reality!
jamesng ( Date: 04-Jun-2012 15:05) Posted:
Today low is 1.27....did u buy???
But you will likely regret......current price + 10 cents dividend pay out under this europe crisis is still very high.... |
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Perhaps if it return to 1.4, that mean something positive is coming based on the news below.....
I always believe there is no such thing as too much information. Here is a little something from korean site.
http://www.asiae.co.kr/news/view.htm?idxno=2012053118571243087
article is 3 days old.
I used google to translate the key point. Any sifu good in korean can help give a summary of the article?
" STX OSV meantime chujinhaeon soon after you finish the task of selling about 1 trillion won fund is expected to turn up. STX officials " STX OSV of the sale is completed next month with the final stages," he said."
read with a pinch of salt
Nope! never catch a falling knife....
Better to hold cash. Looks like history going to repeat itself. Last time in 2008 is the housing debt bubble. This time round it is the EU member states debt bubble. Uncle sam's debt bubble is yet to be exposed. If china slows down too rapidly, china can also have a housing bubble! Prices going below 2008 level is now a possible reality!
jamesng ( Date: 04-Jun-2012 15:05) Posted:
Today low is 1.27....did u buy???
But you will likely regret......current price + 10 cents dividend pay out under this europe crisis is still very high.....
woowoo ( Date: 04-Jun-2012 12:23) Posted:
I have sold all. Now waiting for 1.3 to enter again.... |
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Today low is 1.27....did u buy???
But you will likely regret......current price + 10 cents dividend pay out under this europe crisis is still very high.....
woowoo ( Date: 04-Jun-2012 12:23) Posted:
I have sold all. Now waiting for 1.3 to enter again.... |
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I hate gaps but there is one around 0.90 to 0.93.
Thanks for the advice. The itchy hands make me pay a lot recently
iPunter ( Date: 03-Jun-2012 17:53) Posted:
Yes, if you are new, don't meddle with shares.
Remember, even veterans lose a lot of money in shares...
littleboi ( Date: 03-Jun-2012 17:08) Posted:
| Ur itchy hand gonna cost u big time tomorrow...
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1.28. Looks like bottomless...
All the way it goes down .
Bintang ( Date: 03-Jun-2012 15:43) Posted:
STXOSV may go to $1.10 if $1.38 fails to support .
Bintang ( Date: 26-May-2012 12:38) Posted:
| Support is at $1.38 for STXOSV , breaking which may go to $1.10 if measure from its neckline |
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