Frontline   

Potential Multi-bagger ???

You are right ten4one. this is a good time to buy more on FL. i did it at a wrong time. buy at 0.18 when the market down the 1st time. still have lots of faith in FL. Anytime now it will get notice.

 

http://info.sgx.com/webcorannc.nsf/d21c0ed0b4a507cf482571b2003641d2/1dfd0b6744ba63ca4825732f003764a3?OpenDocument

This share buy back by Frontline, tells you something?

 

winsontkl, there isn't any right time or wrong time to buy. As long as it is well below its 'real' value, it is quite ok to buy. FL is definitely being unfairly 'handled' by the Market and that is reason that I bought at 15c yesterday. Of course, the lower the better  Cheers!

 

FL support form at 15 cents... Hope it will not break thru' and maintain it's mark.

 

Trading volume is decent 3.8m fluctuating between 15 - 15.5 cents of which 0.8m at 15 cents is contributed by Frontline buy-back. Think it falls to a point where company finds value in its own share to warrant their buying at 15 cents.

The previous buy-back is at 13 cents, more to come???? Market will dictate but presently it create many opportunities for those who miss the run-up.......but then again, is it the right time to enter????

 

FL maintain it footings and manage to finish at the 16 cents mark... As most of the trading is done at the 15.5cents mark....

 

Back to 16 cents though volume is rather low.

 

Yup winsontkl, didn't get any yesterday @15c../\.....  still q-ing for 15c .......and 14cCheers!

 

FL has dropped ard 20 to 25%, maybe a good entry point... But fundamental is still strong, should support at 15cents....

 

ten4one, going in some more.....it is getting more tempting to accumulate more for future growth.

 

Sea of RED across STI and this counter do suffer its fair share. But as ten4one mentioned, it's fundamental remains firm, hence, there is no reason to rush for cover. It is the company that one's invest although the price in the market indicate its worth as of now.....but, and a big BUT, if the future reveal strong earning when all pieces fall into place, the pricing will differ as well. Have faith in the management executing their strategic move.

Market is weak at the moment, do provide good entry point soon.....

Theoretically, if support at 15 cents do fall, think it will fall back to its support level at 13 cents.

PS: Not an inducement to buy / sell / hold ....DO your own research.

 

The Market fell across the board. It was normal when the Market reacted to bad news in the Street. Fundamentally, there is nothing wrong with FL and it is good time to accumulate. Finally got some for 16c Cheers!

 

today the market is in red again. FL drop to 0.16 even with all the good new to support. They alway announce the good new at the bad time.

 

Agreed with winsontkl. Support (as of now) is still very strong at 17c. Still trying very hard to buy at 16c.................sigh. I think time is still on my side as this 'slow-coach' is easy to get at 17c or 18c. Don't think there'll be much movements the next couple of weeks unless there is a new update by Analysts or Instituitions. Cheers!

 

Frontline's Subsidiary, BHR-Frontline, Attained CMMI Level 3.

Kudos to the strategic management in delivering result. Slow, Steady but Surely.

Notice today trading of 3.9m shares at average 17 cents allows BB to accumulate more at lower price compared to 18 cents just last week. Furthermore, at closing, with mere 34 lots, someone can let the stock fall one cents to 16.5 cents. Similarly, notice this pattern where mere few stock purchase the price went up to 17.5 cents, gain of 0.5 cents......probably hope to made this stock look bad, shaking those with less confidence player out at 16.5 cents.

Well, think the support presently is at 17 cents, hopefully recover back to 18 cents in the near future.

When invest, think long term, outlook seems promising with salute to the Management Team.

 

Thanks Winson. Just saw it. Will view it later once i'm free. if nothing goes wrong, we should be able to see the support of 0.18 by end this week.

 

Will it recover its support level at 18 cents??????

 

devillow,

you can view from SGX announcement...

my TP is higher ......

 

That is strange. Where did you get the info. FL need to get notice by the BB. I believe that once the volume is hign with a break point of 0.19. Then it will go all the way up. Look! They did hit 0.2 last week if i'm not wrong. They are capable of reaching it. My target is 0.23.

 

Subsidiary result is out with1Qtr revenue up 29% and profit after tax up 40%. But don't understand why the share price of subsidiary drop......

Back to Frontline, with its performance, don't understand why its still undervalue as well????

Today with decent volume and recover 0.05 cents, but buying is weak. Total volume traded at 3m plus with the bulk trading at 16.5 cents to 17  cents.