Hiap Hoe    Last:0.515    +0.005

Looks like on an Uptrend

No not vested.  Have a habit of looking at the SGX announcement every morning before the market opens and chanced upon HH's annoucement and also recalled you and Vic's 'aggressive' selling. :p

 

erm, gege. can you please remain more calm anot....public forum. exercise composure and discretion. don't induce people to 'BUY!'. then you're no dif from all the bank and brokerage houses analysts.

more logically:

placement at 0.93, last closing px is 1.02.

read between the lines of the report: 'assuming all shares fully suscribed for'. I'm thinking, don't need to assume. they're probably all fully placed out to institutions already. (hence the ~10% discount, rather than issuing at last closing price). WHich means, like the two pplacements of edmi, the stock is not likely to touch its placement price.

Fair estimate of 0.95-0.99 for short term still holds. hh is gonna be accumulated on open market the moment it lifts trading halt. likely to see retail sell, institution buy. So expect short term weakness, long term up.

and unlike that excitable bro of mine *tsk*: buy or not, up to individual investor to decide. caveat emptor.

keke.

 

keke, did kilroy vest like elf asked? keke.

they're institutionalising hh, kid.  

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5777E197EE580517482572DE00080703/$file/Announcement_Share_Placement.pdf?openelement

This is the first time I come across an announcement of Share Placement whereby the reason for use of proceeds is a ONE LINER and its so vague - general working capital purposes. duhz.

 

ok peeps, news out.

proposed placement of 26 mil new shares at 0.93. UOBKH as placement agent. rep 9.46% of total share cap as at 11may. placement shares not entitled to the divvie tho.

financial effect: NAV per share increases from 29.95 to 36.11. 'assuming all shares fully suscribed for'.

considering it's likely an institutional placement, duh, of course all suscribed for. esp at this discount to current px.

step 1 of rerating of PE underway. keke.

cheers!

 

have looked at various scenarios. my best guess is a private placement to institutional investors, at px of $1.

 

Vic,

Cannot be TH due to launch...they just announced Lewis Ct earlier in the day.

As Elfie pointed out, directors have been converting their warrants on 7 May. Conversion process probably completed now and something is brewing. Reckon it will be as you suspect....new investors.

Another 'Armstrong' case (Armstrong went from about 17c to 35c after new investors came in.)?

 

Shyplayer,

Nope, with the BB flushing out the margin player, there is probably still some downside. Therefore, not in a hurry. If it shoot up, happy for all who has invested.

 

winsontkl,

Think you may have waited too long.

HH has asked for trading halt tomorrow.....pending release of news.

 

Waiting patiently for a good entry price.

 

Break thru the pyschological $1 resistance level. Not a good sign.

 

probably rotation play for the props...

 

fyi, further tech analysis from the busd today:

as i said, the margin call was likely 0.995 for a lot of players. So if you see the busd data today; large lots thrown at sub $1. When you put the pic together, these are not likely lots thrown by the BBs, but lots thrown by margin players who could not afford to top up their calls.

just my opinion. esp so since the lots sold were not in nice round numbers. indication of players who fully leveraged up and thus ended up with odd lots. eg, 76, 126 etcetc.

 

 

There is support level at 99 cents, but if sentiment go worse it next support level should be 93 cents...

 

ok, the tech range for depression (can't rem if i posted it out) is 95-99c.

Assuming margin at buy price of 1.07 (which was abt the price it allowed margin on): margin calls happen at 0.995, with forced selling at 0.92. Taking it all in all, the range as per above still holds.

As i said all along, a game of nerves.

They're forcing out the margin players now.  

Elf still vested. I'm not on margin; so they can't force me out. haha. Goes below my strike price, i might enter again. see how.

it's a fine line. game of psychology now. they need to shake out the small players, but at the same time, depress the price too much, everyone flees, no one will buy it in future. People lose confidence, and have emotions attached to their stocks. no one will want to buy something that leaves a bad taste in their mouths.

Let's see them play. BBs here not fully experienced yet, i think. Plus, need to hold price low to make it attractive for placement.

 

Victorian

Do you recommend accumulation at this point of time?. Thanks

 

Mostly disappointing sell down by retailers but this Bad Boy is obviously pressing down px with ulterior motive which shud be good for those with staying power -

16:27:55

1.010

100,000

Sell  down

 

Price getting rather tempting, still haven't complete my personal research to justify my reason for going in. Well, since TA shows room for downside, allows sufficent time for me to do a thorough study first.

 

haha. this proves it man. TA wins for short term trend guidance. singaporegal was right *clap clap clap!* hehe.

selling not over yet. hold fast, people. gonna be one stormy ride. sigh.

on the other hand, even with increased float, stock is still very cornered: notice 4c drop on vol of 519k. ie, abt 100 lots can move price by 1c (1.07-1.03 traded range today = 5c range). Significant considering this isn't exactly a penny stock with small float.

 

k, victorian and shplayer, correct me if i'm wrong (since i'm a novice at FA):

but bingo, we're in biz. The teos are converting warrants to shares, which indicates that they're increasing their holdings. When the main family steps in, the game's afoot.

My guess is that they might have actually made a miscalculation during these weeks in their depression of hh's price: threw down too many of their own lots so now depleted and need to exercise warrants in order to replenish holdings.

Which fits in with the tech patterns i've been observing: at first, hh control was done via throwing lots of 100 down. but now it's petering out to 68, 50 lots, etc. I was thinking already that they were running out of lots. Alt that you don't use a sledgehammer to kill an ant.

When that's done at a consistent price (~1.05-07 for last week), it shows deliberate depression, esp as retail interest was high. (if you noticed, the pattern was a consistent 5, 6 retail buys, one sudden dumping of 50+ lots).

Which indicates as well that float is now much tighter than probably even what we presume, and time for action is soon.

Greater volatility ahead. BBs seem to be getting impatient.

haha. this is gonna be fun. hang on, peeps.

PS: geges, do correct me if i'm wrong; don't have to pai seh. above all just my guess, and heh, a lot of it still based on techs. heh. caveat emptor for the rest.