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OK, tks for all the sifus, snap on, no look back on this counter anymore. Moreover, I hv learnt a good lesson being buying in Benfern20k, BBR and GenInt quite sometime ago. Regards.
I have done a very crude calculation, the NTA as of Nov 07 is 1.88cts with 854M share.
Based on today's announcement, the share is issued is 969M share. If we correct for that, the NTA would be 1.65cts.
Of course, there is a whole mess of announcement. And if there is any capital inject is unknown.
With no visibility on the business, together with a screw up potential investor who do not know how to count properly. I think moving forward is really an ongoing concern.....heee..
What do you think ?
Notice of a Substantial Shareholder's Interest *
OMNI GLOBAL MASTER FUND LIMITED AND FIRST NEW YORK SECURITIES (LONDON LTD)
They own 5.06% more share on 31 March. The announcement mentioned open market purchase @22cts.
Ouch!!! No matter which planet they from.....it is really painful....
See SGX for more details.
just like in early day,,,,,,.,,,,,,im sell all my e 3 at 6cts,,,,,,im already say that dont look back and lazy to mornital tis baby,,,,,,,,,im avoid tis three cts,,,,E3,,,JADE AND LUT......,,,,,,retail investor be careful to trade,,,,,,,im heard alot uncle and active retail trader at uob ky suffer heavy lost in tis cts,,,,,alot of them punt heavy,,,,now they carry tis hot unwanted baby dun know how now,,,,,,,i cant imagine akan datang day.......be careful
wow...like tat 2moro pple sure sell all the way down to 0.02 liao ah....
Announcement from SGX:
|
Announcement Title * |
Jade Technologies Holdings Ltd (Jade) ? Revocation of Designated Security Status |
| Description |
|
Oh no, what a big blow this counter to a lot of speculators in some extent genuine investors too! I take one lesson from this counter, "DO NOT BUY HEAVY VOLUME SUPER LIQUID COUNTER especially it has appreciated slightly less than 1900% within 52 weeks". I am now looking and accumulating for any severe under value ILLIQUID counters for they act as strong defensive stocks at present volatile market.
Today, tried to Q at 0.055 but system prompted need to contact TR, cannot go on line. Troublesome, lah didn't pursue further.
Just a thought. What did Soh see in Jade that he value it at 22.5cts?? If Jade is really worth that price, won't it be a good bargain to buy now??? Think about it, Soh din withdraw the offer because there is something fundamentally wrong with Jade, no? Counter still on my radar but not vested.
| Time | Last | Volume | Bid/Ask |
| 14:10:08 | 0.060 | 359,000 | A |
| 14:10:05 | 0.060 | 1,000 | A |
| 14:09:46 | 0.060 | 400,000 | A |
| 14:09:17 | 0.060 | 30,000 | A |
| 14:08:53 | 0.060 | 250,000 | A |
| 14:08:33 | 0.060 | 200,000 | A |
| 14:08:29 | 0.060 | 2,057,000 | B |
| 14:07:40 | 0.060 | 3,881,000 | A |
| 14:05:55 | 0.060 | 5,000 | A |
| 14:05:48 | 0.060 | 150,000 | A |
| 14:04:55 | 0.060 | 50,000 | A |
| 14:04:28 | 0.060 | 100,000 | A |
| 14:03:00 | 0.060 | 30,000 | A |
| 14:00:26 | 0.060 | 52,000 | B |
| 14:00:13 | 0.060 | 100,000 | B |
| 14:00:03 | 0.060 | 8,000,000 | B |
| 13:59:01 | 0.065 | 650,000 | A |
Jade. Morning closed...trade summary
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.060 | 95 | 29,433,000 | 10,813,000 | 0 | 18,620,000 |
| 0.065 | 46 | 11,470,000 | 6,383,000 | 0 | 5,087,000 |
| 0.070 | 5 | 97,000 | 0 | 0 | 97,000 |
| TOTAL | 146 | 41,000,000 | 17,196,000 | 0 | 23,804,000 |
I wonder will there be any penalty for Dr. Soh ?
If so, what will the penalty be ?
Now u can buy this company at this price..... hahhhhhhhhhhhhhhh
Jade may fall further as more details about the unravelling of the bid are disclosed, a trader said.
$0.05 is the immediate support.
That why I am never comfortable buying stocks at too high premium to NAV, to me its not really the P/E, but rather the ROE and premium to NAV. This is the best way to play safe in case of such cases.
I don't think is fair to penalize all penny stocks.
Isn't Venture a penny stock then ? How about NOL in 2002 ? Or Capitaland just a few years....90cts. ?
I would suggest to look at the TA, FA and the results for all stocks and if you want to play penny stocks, double your research effort.
Of course, for this Jade case, is rather exceptional.....Money in the pocket already BUT...oops you can have the stocks back.
All-in-all, it is your duty to look after you money yourself !! Always ask youself.....Is this really the Hidden Gem ? Or is that really the BELOW NTA MUST BUY ? Are you very very sure ?
One of my rules that I follow rigidly is to avoid penny stocks.
Especially those with low volumes. These counters are especially volatile and prone to the trading problems that Jade currently faces.
A word of cautious in trading volatile stock & has to live with it, those fallen, hope is in damage control mode.
It will take along, long time, only for long, long term for investor to recover back to 20- 40ct range. Notice 4Q, 2003 and 1Q 2004. The volume is not there when it spike up and surge down....to a low of 0.02ct. It is going to hurt alot of investors, speculators as well as long term stake holders.
just to re cap.......
Jade ever hit a low of 0.025cts and a high of $0.565ct in the past over 52 weeks.
http://sg.finance.yahoo.com/q/hp?s=530.SI&a=00&b=2&c=1997&d=11&e=19&f=2004&g=m