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wah smm tyrant ah hahaha luan luan lai
YANGZIJIANG OFFER PRICE
USD155 Million
lucky44 ( Date: 30-Apr-2010 17:29) Posted:
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70,422,000 S$1.35 -S$0.03
Friday: 30 APRIL 2010 CLOSING
STi STiLL in DOW PHOBIA
STi +15.6
HK +329.67
Yangzijiang Shipbuilding: PPL Holdings rejects Sembcorp Marine’s payment
Summary: Sembcorp Marine (SMM) yesterday tendered payment of S$59.4m to PPL Holdings (PPLH) for the purchase of the remaining 15% stake in PPL Shipyard. However, PPLH rejected the payment, which is not surprising given that SMM’s offer is only 55% of the offer price by Yangzijiang Shipbuilding’s (YZJ) consortium. In a separate announcement, Baker Tech also reiterated that it has sought and received legal advice that SMM “has no basis for its claims”. YZJ’s CEO has said that he plans to meet Temasek Holdings in the hopes of reaching an amicable agreement. Given the uncertainty over the deal which may lead to near term knee jerk reactions, we remain prudent and maintain our HOLD rating and fair value estimate of S$1.60 on YZJ.
Summary: Sembcorp Marine (SMM) yesterday tendered payment of S$59.4m to PPL Holdings (PPLH) for the purchase of the remaining 15% stake in PPL Shipyard. However, PPLH rejected the payment, which is not surprising given that SMM’s offer is only 55% of the offer price by Yangzijiang Shipbuilding’s (YZJ) consortium. In a separate announcement, Baker Tech also reiterated that it has sought and received legal advice that SMM “has no basis for its claims”. YZJ’s CEO has said that he plans to meet Temasek Holdings in the hopes of reaching an amicable agreement. Given the uncertainty over the deal which may lead to near term knee jerk reactions, we remain prudent and maintain our HOLD rating and fair value estimate of S$1.60 on YZJ.
One broker's future mother in law told her future son in law that she wants to buy YZJ at 1.35. To impress her mother in law that he is a somebody in Cecil Stree (Singapore version of Dow streeT), he surpressed the price lah....
It seems another Nick Leeson in the making
lucky44 ( Date: 30-Apr-2010 17:04) Posted:
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When the Oracle speaketh, the sheep listen. Those who enters on the bell, is now burnt
kivine ( Date: 29-Apr-2010 22:25) Posted:
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Wow, looks really bloody here. Any idea what is going on?
Trading is to make profit, if they buy high and sell low, how to make money. Why one BB is expecting it goes higher, and one wants it goes lower? What is the rationale behind, what supporting their decision to do so? If we know those secret, we are able to choose whom to follow.
I won't be surprise if both buyer and seller is the same person. It seems that this person is suppressing the price maintaining it at around 1.38 - 1.39. Having noticed the volume pattern for the past few days, thare are many "fake lots" queing on both buy and sell queue. We are talking about 2000 to 4000 lots each time, trying to create a fake impression to both public buyers and sellers. Once the target is acheived, 2000 - 4000 lots will be cancelled each time, and large volume of buy or sell around 2000 lots will take place within 30 to 45mins.
This is based on what i observed for the past 2 days... I may be wrong...
viromics ( Date: 30-Apr-2010 15:42) Posted:
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Durian trees known to bear alot of flowers, weather forces will try to blow them away but those flowers which can withstand will go on to bear good fruits!!!
It's a good tree, we believe, just that in the middle of a thunderstorm (SCM) right now.
a huge trade volume, selling and buying fighting fiercely, wondering who is the seller? and the buyer? Anyone can track their trade recording? For me, seller seems stronger...
Kinda agreed... Someone (most probably SCM related) is definately trying to manipulate the price of YZJ base on the lost of TRUE Investors. I guess there's only 1 intention, to make investors lose faith/confidence in YZJ. Sad to say it's a foul play that shareholders like us has to bare. I think someone in Singapore has to jump floor in order to make them realise they have caused death because of their selfishness/unfairness in business.
PiCTURE
SembMarine accumulating PASSIVELY
BAKER TECH shares at lOw PRiCES
And TAKEOVER BAKER TECH TO
TERMINATE YANGZIJIANG AGREEMENT
SembMarine accumulating PASSIVELY
BAKER TECH shares at lOw PRiCES
And TAKEOVER BAKER TECH TO
TERMINATE YANGZIJIANG AGREEMENT
Wow.....selling going on. now 1.35 cheap cheap lelong lelong
yeah lo, daylight.....
SembMarine
OPPRESS-CRACY
? ? ? ?
OPPRESS-CRACY
? ? ? ?
To SembMarine,
is there nO DEMO-CRACY
in SINGAPORE ? ? ? ?
Can 15% PPL be rObbed
by SembMarine ? ? ? ?
iN SINGAPORE DEMO-CRACY,
HiGHEST BIDDER WINS;
LiKE in COE.
LAND TENDER tOO has
RESERVE PRICE
YANGZIJIANG is DEFINITE WINNER.
AFTER YANGZIJIAN acquired 15% PPL
SembMarine's FUTURE WiLL be dOwntUrNed
RESERVE PRICE is
USD155 Million
Looks like another non-action day :(
no power to cheong liao.....