SPC   

SPC

Wanted to buy below $2 so waited for 1 mnth, finally cannot tahan the temptation & bought 2 lots at $2.25.Turnout to be the bottom, well , better than never bought it at all, still got 8 cts divident leh - not bad hah...

 

i don't think that si the reason. the major shareholders are not buying in the open market, but from their share options and share awards, which come from the treasury shares. so the reason for the rise in share price is more so due to other people buying in, possibly taking postiveness from the fact that the major shareholders are exercising their options, a sign that current prices are depressed and optimisim for the future.

rise in share price nothing to do with koh ban heng exercising his options.

 

Reason for cheong is because big SPC shareholders (BBs) have been increasing their stake (buying in the shares in large amts) in this company consistantly for the past 3 days, eg. Koh Ban Heng, etc..look at SGX announcements for details..

 

How long you intend to hold if you buy? I can only say that in general, for any stock to return back to  Oct 2007 Highs will require a lot of waiting. My guess is as good as anybody else. But I would say that the current people are slowly returning to the equities, but the all important institutional advisors, and fund managers are facing alot of issues. You will know there's a recovery when volume falls within 1-2billion on the SGX regularly. But what is important is what you invest in before that happend.

 

Penny for your thoughts

 

Bad news will not affected much to this counter but good news will will push it higher ,seem like oledi bottom for this counter.Just my opinion only''

gregorsamsa      ( Date: 06-Feb-2009 17:14) Posted: Leong3k, I accidentally "bad post" because i thought that was the "post reply" button. Wait for monday see if there is any correction. If you enter now, there should be some more upside, at least till March 15 when OPEC meets. Economic bad news doesn't seem to affect this stock. Caveat emptor.

 

Leong3k, I accidentally "bad post" because i thought that was the "post reply" button. Wait for monday see if there is any correction. If you enter now, there should be some more upside, at least till March 15 when OPEC meets. Economic bad news doesn't seem to affect this stock. Caveat emptor.

 

also missed d boat. 

 

Missed this boat again, seem like no way to head south already...2.3+ thought expensive but now more expensive, expected coming day more n more expensive,congrat for those bought @ price <2.5...

 

How low do you think it can go?

My mother got 1 lot at 2.32  on Jan 28 and I got 1 lot at 2.53 on 2 Feb

If you ain't a trader, you can hold on to SPC till the next time you see headlines go "Oil Prices at historic highs"

 

Yes. This have a strong recovery if economy recovers. Wait for it to trade lower in this few months before buying

cheongwee      ( Date: 05-Feb-2009 17:31) Posted: Yes agree, i like to long on energy and commodiyies relate , but waiting....i see long term inflation, if economy pick up...with CB around the world printing currencies like no tomolo...the future belong to high inflation...gold and silver to benefit also.

 

Yes agree, i like to long on energy and commodiyies relate , but waiting....i see long term inflation, if economy pick up...with CB around the world printing currencies like no tomolo...the future belong to high inflation...gold and silver to benefit also.

 

Do your homework. I only thought of SPC because I read Jim Cramer's "Real Money". You can borrow from the library. It is good for those hold long term type of people. He recommends holding at least one Energy Stock, hence my position on SPC.

Any other thoughts?

 

cheong ah?!?

 

bought 1 @ $2.53. A bit on the high side. Will have to wait till March 15th to see what is OPEC's decision, given current supply glut and demand weakness.

 

Cheers

 

When it rises, any will confidently buy in...

When it falls low, many will buy in...

But anyway, this is a good stock...  

 

 

Currently on the rise. Cheers to those vested!

 

mom bought 1 lot @ 2.32 while i'm waiting for my CDP account to arrive.

Price at 3.16pm 30-jan-2009 is 2.42 with 8 cent dividend ex-date 18th May

OPEC says current price level unacceptable. They want at least USD60-80 and will meet in mid-March to discuss production cuts.

 

Sorry, i was refering to Sembmarine bought at 1.43..not SPC..SPC i dont have..thinking of buying to keep..

cheongwee      ( Date: 22-Jan-2009 17:40) Posted: But i think oil will never drop below 33..that my guess..in fact got some 15 lots at 1.43..didnt buy more becos was worried as the selling was like no tomolo....never mind..just keep..how low can it go...1.0..well if it really got to that i will buy more.. Can this one end like ferrochina..

 

To date, only 2 arms lost b of $, though paper loss only. If u r in d same shoes, dun  run road, pity u liao. AK view only lah. No call for anything loh.

knightbridge      ( Date: 22-Jan-2009 23:30) Posted: Invest and not Marry the stock. If the stock dun perform up to your expectation sell, look for other winner. 700 counters sure got 1 or 2 will beat 31 Dec 2008 historical price.. We are all trying to pick the no1 counter to hold long-term. If you want fun can do some occassional short term punt. 2007 is the year to sell 2008 is the year to sell. (2009 is the year to put in money, 2010 is the year to put in money, wait for 2011 to reap good profit) In times of deep recession, the strength of the company management and health of the company will be easy to identified. (Benchmark and compare with the competitor u will know who is good and who is not) This recession have help me to identified which company is better other, so many lousy management that cannot change fast enough will not survive the current market condition. (Some are still expanding in current condition could be a gem or a rock)

 

Invest and not Marry the stock. If the stock dun perform up to your expectation sell, look for other winner. 700 counters sure got 1 or 2 will beat 31 Dec 2008 historical price.. We are all trying to pick the no1 counter to hold long-term. If you want fun can do some occassional short term punt.

2007 is the year to sell 2008 is the year to sell. (2009 is the year to put in money, 2010 is the year to put in money, wait for 2011 to reap good profit)

In times of deep recession, the strength of the company management and health of the company will be easy to identified. (Benchmark and compare with the competitor u will know who is good and who is not)

This recession have help me to identified which company is better other, so many lousy management that cannot change fast enough will not survive the current market condition. (Some are still expanding in current condition could be a gem or a rock)