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with a confused mind, all answers become confused.
Let's face it, after all these scandals, those that r still interested in blumont r short term traders. So call long term investors r those that get stuck & Bo pian have to tough it out. Dnt believed these long term investors r willing to avg dn again after taking a big chunk of losses. Or best, these big long term investors have already covered the cost of the vested shares by using proxies accts or proxy shell companies.
Peter_Pan ( Date: 27-Oct-2013 18:27) Posted:
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Avoid these 3 counters if you do not have any.
Good luck to those who still holding them. May be only GOD can show us the direction, keep them for life, sell them at the loss or buy some more to average. I ask all the GODs in Singapore's temples and churches, and all of them gave me the confused answers.
Another late night of disclosures from listed companies, another pile of new questions.
The player this time was Blumont Group, which told the Singapore Exchange (SGX) late on Wednesday that chairman Neo Kim Hock had not picked up the full share of the rights issue he was entitled to.
Mr Neo opted for about 60 million shares, just over half his entitlement.
This announcement followed one made earlier that evening which disclosed that Clear Water Developments - which is linked to Ms Dian Lee, the daughter of Malaysian property tycoon Lee Kim Yew - had not subscribed for the rights issue.
Clear Water, which owns 180 million Blumont shares, saw the value of its stake dive from $440 million to $36 million when the share price crashed a couple of weeks ago.
By not subscribing for all his allocation of new shares, Mr Neo stands to lose $8.6 million in foregone gains, while Clear Water will forfeit a potential $13.5 million gain. Other Blumont insiders - non-executive director Ng Su Ling, executive director James Hong and substantial shareholder Ooi Cheu Kok - have also taken up only a portion of their rights entitlement.
This has surprised traders, considering that the insiders stand to reap a profit of 15 cents a share as the new stock costs only five cents apiece, while Blumont shares closed at 20 cents on Thursday.
The new shares were due to a cash call by Blumont in July to raise $43.05 million, giving shareholders the right to buy one share at only five cents for every two shares they held. Blumont had earlier announced that the issue was 37 per cent over-subscribed. The new shares began trading on Tuesday.
One trader said: " These directors could always sell their existing shares on the open market, prior to the closure of the rights issue, and use the sale proceeds to buy the right shares. Why didn't they do so?"
Another trader noted: " It seems incredible that Clear Water did not even want to pay five cents apiece to subscribe for its rights. What does this reflect of its views of the company?"
Mr Neo is entitled to buy 117.44 million Blumont shares at five cents apiece but he has opted to pick up only 59.96 million, paying about $3 million.
He is already in the spotlight after banks forced him to sell some of his shares following Blumont's price collapse earlier this month.
On Oct 2 and Oct 3, just before Blumont's crash forced the SGX to suspend trading of its shares, banks force-sold 6.02 million " rights" belonging to Mr Neo to raise about $16.56 million.
They force-sold another 65 million shares to raise about $8.8 million between Oct 7, when Blumont was allowed to resume trading, and Tuesday.
Mr Neo has also agreed to sell 95 million Blumont shares to businessman Alexander Molyneux at between 20 cents and 60 cents apiece.
After this transaction, due to be completed by Nov 6, he will yield the chairman's post to Mr Molyneux but stay on as deputy chairman. As of Tuesday, he still holds 163.67 million shares, or 6.34 per cent of Blumont.
The player this time was Blumont Group, which told the Singapore Exchange (SGX) late on Wednesday that chairman Neo Kim Hock had not picked up the full share of the rights issue he was entitled to.
Mr Neo opted for about 60 million shares, just over half his entitlement.
This announcement followed one made earlier that evening which disclosed that Clear Water Developments - which is linked to Ms Dian Lee, the daughter of Malaysian property tycoon Lee Kim Yew - had not subscribed for the rights issue.
Clear Water, which owns 180 million Blumont shares, saw the value of its stake dive from $440 million to $36 million when the share price crashed a couple of weeks ago.
By not subscribing for all his allocation of new shares, Mr Neo stands to lose $8.6 million in foregone gains, while Clear Water will forfeit a potential $13.5 million gain. Other Blumont insiders - non-executive director Ng Su Ling, executive director James Hong and substantial shareholder Ooi Cheu Kok - have also taken up only a portion of their rights entitlement.
This has surprised traders, considering that the insiders stand to reap a profit of 15 cents a share as the new stock costs only five cents apiece, while Blumont shares closed at 20 cents on Thursday.
The new shares were due to a cash call by Blumont in July to raise $43.05 million, giving shareholders the right to buy one share at only five cents for every two shares they held. Blumont had earlier announced that the issue was 37 per cent over-subscribed. The new shares began trading on Tuesday.
One trader said: " These directors could always sell their existing shares on the open market, prior to the closure of the rights issue, and use the sale proceeds to buy the right shares. Why didn't they do so?"
Another trader noted: " It seems incredible that Clear Water did not even want to pay five cents apiece to subscribe for its rights. What does this reflect of its views of the company?"
Mr Neo is entitled to buy 117.44 million Blumont shares at five cents apiece but he has opted to pick up only 59.96 million, paying about $3 million.
He is already in the spotlight after banks forced him to sell some of his shares following Blumont's price collapse earlier this month.
On Oct 2 and Oct 3, just before Blumont's crash forced the SGX to suspend trading of its shares, banks force-sold 6.02 million " rights" belonging to Mr Neo to raise about $16.56 million.
They force-sold another 65 million shares to raise about $8.8 million between Oct 7, when Blumont was allowed to resume trading, and Tuesday.
Mr Neo has also agreed to sell 95 million Blumont shares to businessman Alexander Molyneux at between 20 cents and 60 cents apiece.
After this transaction, due to be completed by Nov 6, he will yield the chairman's post to Mr Molyneux but stay on as deputy chairman. As of Tuesday, he still holds 163.67 million shares, or 6.34 per cent of Blumont.
both are orh bak kak...cute cute no more
GorgeousOng ( Date: 27-Oct-2013 10:23) Posted:
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re-freshing
Peter_Pan ( Date: 25-Oct-2013 23:09) Posted:
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Ur uncle. Right time to buy, bot at right time, sold at wrong time n bot somemore???, (averaging up), good effort, still it is just abit more that caused the gain to turn into losses.
teeth53 thot - Just like everyone of us, as always fallen to abit more to Greed. For all of us will hav to pay for lesson - no free lunch.
We make mistake we know n we continue to do so. Habit die hard.
edwinjup ( Date: 27-Oct-2013 09:35) Posted:
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Hehehee!
You put eyes mask arh?
🙊 🙉 🙈 🙈 🙉 🙊
Peter_Pan ( Date: 27-Oct-2013 09:48) Posted:
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asia blue lion and partner white lion going for breaky now... {@_@} {@_@}
My uncle who.bought lion at 24.5 last monday...instead of.selling off at 34 with good profit...he.added.more but.when.mas investigation news out...he sold.everythings in friday at a loss..actually I like his style of ave up..if not.mas news..he.might earned more rather.than loss..but to me...non.marginable news is.more impact to me..as I usually use margin acc to trade...but I am.waiting.to bet if price really low...
Good morning everyone!! Actually when you think about it, it is quite funny that on one hand when SGX lifted its curb on the trio, the reason given is to let the market and retailers decide for themselves the fair value on these 3 after their rock bottom prices. Then when there is still deemed buying interest on these counters and prices slowly going back up again, SGX had to inject another bad news to the public and reiterate to us that they are investigating the matter. Why SGX cannot announce the bad news all at once before lifting the curb first lei to let us take in all the bad news and to let us decide mentally whether we still want to buy a not lei? My reasoning is that...the market needs a correction after its few days rally and what better way to send ripples of fear again to the public to control the market not to anyhow chiong so fast than to put the trio back in the spotlight news again? To be honest when curb lifted, who doesn't know in their minds that trouble isn't exactly over yet for these three counters but retailers still decide to buy? Most of us are actually aware but SGX just had to reiterate to us again this point to make us fearful again emotionally. Moving forward, i feel that this coming week won't have much action for longers unless you are shorting. And i think if heng, this short term correction will end earliest only by wed/thurs, if not then must wait maybe longer like for one whole week before market gets back to normal. Just anyhow guessing la... Huat to all!!!
maybe they offloaded liao..??
Bigmama ( Date: 27-Oct-2013 08:40) Posted:
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If they are comfortable to let it trade freely now..... Why cannot clear? They can only scare you two or three times.
Some forumers here are really weird ... One moment super bullish one moment super bearish.
For me, 30-40 cents range is good enough.
Some forumers here are really weird ... One moment super bullish one moment super bearish.
For me, 30-40 cents range is good enough.
GorgeousOng ( Date: 27-Oct-2013 08:30) Posted:
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Mama,
Can clear or not?
Cheers!!!
Bigmama ( Date: 27-Oct-2013 07:56) Posted:
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Once clear this obstacle ..... They may start to trend up!!!!
In case some forumers misunderstoood ........to clarify below post me just joking with Sifu Peter ya......................
CWC2929 ( Date: 26-Oct-2013 01:53) Posted:
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Asiasons also invested in integrated bereavement care operator...
First of such operator owner got listed....
Thk is the only one in asia....
FearValueGreed ( Date: 26-Oct-2013 20:53) Posted:
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bro, walaueh..! u very the fast hor..! :p
edwinjup ( Date: 26-Oct-2013 20:19) Posted:
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So far I think asiasons is fundamentally more sound than the rest. At least they hv high five which is a children program that is steady pun pipi. The rest like liongold is very milky. Blumont is the worst lot.
And also the asiasons directors are more upfront till date.
So my bet still on asiasons but this time 12.9 cents at most.
Based on chart 20cents sound reasonable. Anything below can make so long as it is for long run.
....now force sell next week will see downside again.
And also the asiasons directors are more upfront till date.
So my bet still on asiasons but this time 12.9 cents at most.
Based on chart 20cents sound reasonable. Anything below can make so long as it is for long run.
....now force sell next week will see downside again.
Great picture...so long the mas investigation still on..upside may be limited...dont u all feel fishy about the whole things...maybe the true.is.very ugly..but if the price really.very very low..u.may want to try your luck..ur.money u decide...dont overbet...just tikam if u feel going sands is too boring...u might lose all bet...just incase
Octavia ( Date: 26-Oct-2013 16:51) Posted:
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