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YONGNAM: 8 key takeaways from meeting with CEO & finance director
FOLLOWING OUR recent article YONGNAM: Analysts give it thumbs up but stock is stuck,
a NextInsight reader and shareholder with a significant holding of
Yongnam stock arranged for us to meet the Yongnam CEO for an update on
the business.
This is a super laggard stock. Used to buy and hold for donkeys years until like you move over to join the TA gang. Good luck.
TradeChancellor ( Date: 16-Aug-2012 11:23) Posted:
| sigh bought it at a time when i was less a TA person but longer term holding person.. but now i'm more of a convinced TA person leow.... but i avoid trading dodgy looking counters... |
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It is always good to play stocks with reference to the chart.
But that does not mean to say that playing with a chart is a sure-gain method.
Stocks is betting, with or without the charts. But the main reason why newbies
lose a lot of money is their trust and faith in stocks and the market. They do not treat
the market as a betting place. They regard the market as a trustworthy good friend...
TradeChancellor ( Date: 16-Aug-2012 11:23) Posted:
| sigh bought it at a time when i was less a TA person but longer term holding person.. but now i'm more of a convinced TA person leow.... but i avoid trading dodgy looking counters... |
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sigh bought it at a time when i was less a TA person but longer term holding person.. but now i'm more of a convinced TA person leow.... but i avoid trading dodgy looking counters...
Sifu is so patient... I would have given up the ghost (dumped it) long ago...
TradeChancellor ( Date: 17-Jul-2012 00:11) Posted:
I bot it at 30cents, if it can rise above 30cents before Dec then i can make $, if not then i would have the same hope as yours - remain at 23 - 24 cents until after mid dec )
HugoLee ( Date: 16-Jul-2012 21:49) Posted:
Logically, the current shareholders would want the warrant holders to forfeit their warrant - the warrant expire and become worthless.
So, let's hope that YN will remain at 23c till end of Dec 2012! Otherwise it will be diluted and causes more price drop.
I'm vested |
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I bot it at 30cents, if it can rise above 30cents before Dec then i can make $, if not then i would have the same hope as yours - remain at 23 - 24 cents until after mid dec )
HugoLee ( Date: 16-Jul-2012 21:49) Posted:
Logically, the current shareholders would want the warrant holders to forfeit their warrant - the warrant expire and become worthless.
So, let's hope that YN will remain at 23c till end of Dec 2012! Otherwise it will be diluted and causes more price drop.
I'm vested!
TradeChancellor ( Date: 16-Jul-2012 18:34) Posted:
| According to the article, the 364million warrants expire on 14Dec 2012 with exercise price of 25cent |
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Logically, the current shareholders would want the warrant holders to forfeit their warrant - the warrant expire and become worthless.
So, let's hope that YN will remain at 23c till end of Dec 2012! Otherwise it will be diluted and causes more price drop.
I'm vested!
TradeChancellor ( Date: 16-Jul-2012 18:34) Posted:
According to the article, the 364million warrants expire on 14Dec 2012 with exercise price of 25cents
HugoLee ( Date: 16-Jul-2012 18:25) Posted:
I agree. This warrant is like a knife hanging over the head!
Any idea when this is expiring?
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According to the article, the 364million warrants expire on 14Dec 2012 with exercise price of 25cents
HugoLee ( Date: 16-Jul-2012 18:25) Posted:
I agree. This warrant is like a knife hanging over the head!
Any idea when this is expiring?
TradeChancellor ( Date: 15-Jul-2012 11:06) Posted:
| the only thing i don't like is the 360million warrants... |
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I agree. This warrant is like a knife hanging over the head!
Any idea when this is expiring?
TradeChancellor ( Date: 15-Jul-2012 11:06) Posted:
| the only thing i don't like is the 360million warrants... |
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as long as sg government and the regional govts continue spending on infrastructures, there is should still be quite good potential for business opportunities such as yongnam
is cons sector moving?
sgnewbie ( Date: 16-Jul-2012 09:39) Posted:
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Yongnam
Yongnam: Announced that it has secured three contracts worth a total of $63.8m contracts comprising of 2 structural steelworks in SG and one specialist civil engineering contract in HK. The two local contracts are for steelworks for a new 40-storey commercial development located at Market Street and the revamping of a major shopping mall in the Marina Bay area. In HK co has won a contract for the Hong Kong Express Link Central-Wan Chai Bypass Tunnel. Co will supply 7.6k tons of structural steel for the 40-storey dev and the project is expected to complete by end-2013. For the shopping mall, Yongnam will supply 3.5k tons of steel for new floors and structure and the project is expected to complete in 2014. We note that latest wins brings YTD orderwins to approx. $142.6m and orderbook to approx $470m, underpinning earnings visibility till 2014-15. Grp note the ability to secure another specialist civil engineering contract in HK, further boost Grp’s regional track record. There is still an overhang on the counter as CAD investigations on co’s CEO were reported previously in Feb 2012.
the only thing i don't like is the 360million warrants...
Construction is good, if the economy is bad like the last recession, govt push out more construction work project , construction benefited, and in good time , construction also bloom, bad time got govt stimulus. local construction are recession proof. Some pay a decent divident for many years since listed, I got some counter.
Today changed logo. I wonder if they consulted Feng Shui masters with the " ba-gua" .
Let's see if this counter recover.
What happened???
Tua Lao Shai today.
Fish man,Huge paper loss today.
