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2861-2880 of 2995
here comes the HERDS!!!.. FYI generally herds don't really make real gains..
Out of Keppel Corp, Vested here! let the momentum roll!
A lot of the old money in coal are selling out their long-held coal businesses to others who believe there is greater fortune to come investing in coal. Right now, the coal supercycles is still holding up well. But trade cautiously, good times don't last forever. The old money in coal knew too well.
Straits Asia Resources
Straits Resources CEO Milan Jerkovic told Reuters on Thu that the 41.15 million shares were sold over the last 2 days to unidentified institutional investors.
"The plan is to make Straits Asia Resources an internationally held coal firm," Jerkovic said.
Australia-listed Straits Resources said in a statement to the Australia stock exchange that it will hold a 47.1% stake in Straits Asia Resources following the sale, down from 50.9%, and will use the proceeds for working capital and to reduce its debt.
Straits Resources had announced in Apr that it will split into 2 units, separating its coal and other assets to improve growth prospects, with Straits Asia Resources holding the coal assets while Straits Resources will hold the remainder.
I think the news is already factored in, do not be overly excited with the 2 marriage deals -- my view.
2 marriage deals - 32 m shares done. Halted good or bad?
32million shares in 5 min.... i think it can go either way after halt...
Trading halt, heavy transactions in the first 5 mins.
this thing is trading at 90 PE.. omg..
Summary: Straits Asia Resources (SAR) announced a 139% YoY increase in net earnings to US$20.1m in 1Q08 due to record coal production of 2.2mt in 1Q08. SAR has already committed and sold 7.9mt for 2008, which is in line with our initial projection of 8mt, and we are now raising our production target to 9mt. Current high coal prices should flow positively into SAR’s FY08 and FY09 revenues. On the cost side, we have already imputed present high prices of oil into our DCF valuations and we are holding our cost assumption of US$38 per ton for FY08. We are maintaining our net profit estimate of US$161m for FY08, based on the recent significant spike in coal prices coupled with the substantial increase in production estimates. However, we are lowering our projected coal price from US$80 to US$65 per ton as per management guidance. The drop in selling price offsets the revenue gain from the increase in production estimate, hence we are maintaining our BUY rating and target price of S$4.80. (OCBC)
Good result, lei. Why drop so much?
What happen......... drop sooooooo.................much ?
will today trading pattern same as yesterday?.
price fell in morning and cheong in afternoon....
Mine was contra at 3.40 yesterday. It is amazing that this counter can really shoot up all the way after cum dividend. RSI indicator is just a gauge and may not give a 100% accuracy.
Anyway, this is a hot counter with media coverage and a target price of 3.89
hi kensonic77, any comments on this big jump today? RSI >80, overbought?
Kensonic77 ( Date: 25-Apr-2008 14:31) Posted:
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up 5%! what's the news?
Here, it goes. All the best...
hi kensonic, how about posting the chart with the MAs you posted on 23/4 for us?
All the best to those who have invested and hope the uptrend continues tomorrow... Waiting to off-load mine as well, bought in at 2.88...
can't believe this... just 7 minutes after i sold out at 3.33 it already at 3.44.... never mind.. kopi $$
| CD | 3.440 | +0.270 | 6,481 |