Bigmama mind to share...u vested on innopac....n whats yr opinion on this stock
Bigmama ( Date: 05-Oct-2013 14:07) Posted:
Well, you still have 26 million ... A very rich man still. You should protect you 20 million.
Bigmama ( Date: 05-Oct-2013 14:05) Posted:
You have 400k lots at 10 cents? That's 40 million !!!
That 14 million lost! |
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You should invest in something more worthwhile with that amount of money. Hope you are paper trading and not serious.
paulr0x ( Date: 05-Oct-2013 17:09) Posted:
On second thought, not to worry too much, will buy into the market if plunge to 3 or 4 cents,
at least 2000 to 3000 lots......:) |
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I bot 500 lots at 12cents and 500 lots at 9cents...... siao liao
Previous similar case with Manhattan Resources, suspended for 2 years?
Can we expect the same for A/B/L? What happen to those on contra?
Jackpot2010 ( Date: 05-Oct-2013 12:35) Posted:
Those vested or wanting to vest, be careful - Innopac may be next trading suspension ordered by SGX as its share crashed > 52% yesterday. Innopac, Blumont and Ipco are connected in some ways. DYODD.SGX ordered trading suspension in 3 companies, 1st in 13 years
The Wall Street Journal, Published 3 Oct 2013
Singapore Exchange Ltd. suspended trading in three companies? shares on Friday after they plunged dramatically earlier in the day, wiping out billions of dollars of market value and months of big share-price gains.Within the first hour of trading, sterilization-services provider Blumont Group Ltd. had lost more than 56% of its market value, while shares of Asiasons Capital Ltd. and LionGold Corp. plunged by 61% and 42%, respectively. The declines erased a combined 4.8 billion Singapore dollars (US$3.9 billion) in market capitalization. In separate statements, the bourse said the suspensions, all announced within six minutes, were meant ?to safeguard the interests of the market,? which might not be ?fully informed.? The suspensions were the first ordered by the bourse in 13 years on the grounds of maintaining an ?orderly, informed or fair? market. It didn?t say when or under what conditions trading in the companies? shares might be allowed to resume. The exchange asked the three companies to explain the declines, which followed weeks of dramatic gains in the share prices of all three. In response, Blumont said its share price may have been affected by its proposed takeover of Australian coal miner Cokal Ltd., as well as recent trading restrictions placed on its stock by an unnamed local brokerage. The company announced before the market opened on Friday that it had agreed to a takeover of an unnamed foreign-listed coal mining company for up to S$146 million, which it revealed late Friday to be Cokal. Asiasons?an asset-management and investment firm?said separately that it was informed of ?malicious market rumors? that the Monetary Authority of Singapore had sent a team to investigate the company, and denied these rumors. In its response, LionGold said it was in advanced talks to buy a stake in an unnamed gold-mining company that is listed on three foreign stock exchanges. The talks could also lead to LionGold making a takeover offer, it said. The company also cited as a possible factor recent trading restrictions placed on its stock by a local brokerage. Asiasons is LionGold?s single largest shareholder, with an 8.9% stake as of Aug. 20. In a filing late Friday, Blumont said it has agreed with Cokal to cancel the proposed takeover ?for the time being,? as the terms had been ?materially and adversely affected? by the Singaporean company?s sharp loss in share value. Both companies would continue seeking mutually beneficial deals with each other, Blumont said. Blumont said earlier that it planned to pay for the deal by issuing 72.2 million new shares at S$2.02 each?its closing price Thursday. Its share price fell to 88 Singapore cents before trading was suspended. Before Friday, Blumont?s share price had risen by more than eightfold in the first nine months of the year, boosting its market value to S$6.3 billion from S$508 million. This placed Blumont?which earned just S$4.4 million in revenue all of last year?among Singapore?s top 50 companies by market capitalization. The stock rallied for nine straight sessions from Sept. 18 to Sept. 30, gaining 86% and hitting an all-time high of S$2.54 on Tuesday. This rally prompted Singapore Exchange to ask Blumont to publicly account for the sharp gains, saying the company?s acquisitions and investments in nine companies since December?the largest of which involved a S$48 million purchase price??may not sufficiently explain the steep increase.? In responses filed Tuesday and Wednesday, Blumont said it wasn?t aware of any unannounced information that could explain the gains. But the company listed possible factors, including its push to diversify into mineral and energy-resource sectors and the interest of foreign investors in its shares. Asiasons? share price tumbled to S$1.04?from Thursday?s closing price of S$2.70?before trading was halted. The decline wiped out gains Asiasons had reaped over seven sessions from Sept. 9-19, during which its share price jumped nearly threefold to a record S$2.91. Singapore Exchange had twice asked Asiasons in September about the increases. Asiasons replied on Sept. 9, saying it was ?considering and evaluating potential investment opportunities.? On Sept. 18, it said its share-price movement could be explained by its S$218 million deal to buy a 27.5% stake in U.S.-based Black Elk Energy Offshore Operations LLC, which was announced on Sept. 17. Shares in LionGold, which invests in gold mining and exploration, fell to as low as S$0.86 early Friday?the lowest since January 2012?and were last quoted at S$0.875 before trading was suspended. They closed on Thursday at S$1.51. The company?s share price had risen by 55% from mid-July to late August, peaking at S$1.755 on Aug. 27. LionGold announced on July 29 that it had agreed to buy Acadian Mining Corp., a Canadian gold firm, for S$9.1 million. Analysts say Friday?s suspensions, while rare, were consistent with SGX?s previous actions. ?We need to know if the [earlier] price jump is supported by fundamentals,? said David Gerald, president of the Securities Investors Association of Singapore, referring to Blumont. In August 2000, SGX halted trading in the shares of Links Island Holdings after the land-reclamation company?s share price jumped nearly threefold in one and a half months. The bourse later said it found that Links? shares had been ?cornered? by a group of investors?meaning they held stakes big enough to enable them to manipulate the share price. Now known as Manhattan Resources Ltd., the company resumed trading in August 2002 after meeting certain regulatory conditions. |
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Iolz...mama knows..40 mil...he's not retailers liao..
newbieliu ( Date: 05-Oct-2013 15:13) Posted:
Think he meant 400k shares only worth of $0.10...total up to be 40k in value. If it is 4 million, don't think he has any mood to post anymore
Bigmama ( Date: 05-Oct-2013 14:05) Posted:
You have 400k lots at 10 cents? That's 40 million !!!
That 14 million lost! |
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Think he meant 400k shares only worth of $0.10...total up to be 40k in value. If it is 4 million, don't think he has any mood to post anymore
Bigmama ( Date: 05-Oct-2013 14:05) Posted:
You have 400k lots at 10 cents? That's 40 million !!!
That 14 million lost!
viromics ( Date: 04-Oct-2013 23:40) Posted:
Hi cccx, I am caught at 0.10 400k lots, much worse than yours, my hard salary, my family bread money, going to jump or be forced to leave the family
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For this week ONLY. Coming week trading is volatile and un-settle.
Do consider to protect your capital, even it is a lost cause.
Sell abit to re-coup by selling into strength, if there is some form of gain, it is likely BBs bigger then U, pump up n will sell into strength. Don't overly commit to a single stk.
Remember - mkt is so much bigger then everyone else can forecast or bet on.
This is only my own view, pls do your own due diligence n homework.
Bigmama ( Date: 05-Oct-2013 14:05) Posted:
You have 400k lots at 10 cents? That's 40 million !!!
That 14 million lost!
viromics ( Date: 04-Oct-2013 23:40) Posted:
Hi cccx, I am caught at 0.10 400k lots, much worse than yours, my hard salary, my family bread money, going to jump or be forced to leave the family
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Well, you still have 26 million ... A very rich man still. You should protect you 20 million.
Bigmama ( Date: 05-Oct-2013 14:05) Posted:
You have 400k lots at 10 cents? That's 40 million !!!
That 14 million lost!
viromics ( Date: 04-Oct-2013 23:40) Posted:
Hi cccx, I am caught at 0.10 400k lots, much worse than yours, my hard salary, my family bread money, going to jump or be forced to leave the family
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You have 400k lots at 10 cents? That's 40 million !!!
That 14 million lost!
viromics ( Date: 04-Oct-2013 23:40) Posted:
Hi cccx, I am caught at 0.10 400k lots, much worse than yours, my hard salary, my family bread money, going to jump or be forced to leave the family
cccx123 ( Date: 04-Oct-2013 18:27) Posted:
But I ask you which retail investor or trader is going to dare touch Innopac again? This is not the first time this happened. The last plunge to around 10cents from 20cents caught many on the way down. This time the free fall from 13cents to 6cents. It will be gargantuan task for BBs to generate retail or investor interest in this counter again.
Anyway, due to the massive paper losses I see, I am stuck with this stock with almost no hope of ever seeing my initial outlay ever again. Going to put it in the freezer or under my pillow to show ppl who intend to trade contra the dangers of doing so.. |
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bro cccx123 is right! money can be earned back with hard work. always treat such experiences as life lessons n learn from it. u may need to brace yourself for hard work n maybe some friction within your family but nthn beats the value of life, health and family. So if need be, seek their forgiveness/understanding. life is so much more than just $.
=)
cccx123 ( Date: 04-Oct-2013 23:54) Posted:
viromics, money can always be earned. On the other hand, life is extremely fragile. I think you mean 400lots right? 40 thousand sgd can be earned back very quickly if you have the determination. Plus it is not as if you lost 40 thousand in its entirety. There is still some value there. Based on closing price, you probably lost a max of 15k. That isn't too bad compared to what many will face. I know some who bought over a thousand lots at 9cent plus and still holding. They lost big too!
Cheer up.. :) and have a good night
viromics ( Date: 04-Oct-2013 23:40) Posted:
Hi cccx, I am caught at 0.10 400k lots, much worse than yours, my hard salary, my family bread money, going to jump or be forced to leave the family
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Huh? 2 days back.... No FA or TA experts dare to say 6.5 is a possibility. FA is base on hope. TA is wait till happen then say it is in the chart. But before happen, the standard answer is if break resistance sky is the limit. If break support then hell break loose. What so difficult about TA. Lol
FearValueGreed ( Date: 05-Oct-2013 11:13) Posted:
For innopac, sold sometime ago after it break 20cents support.
Never look back after investor central publishing a damming article on it. More of slamming integrity of the owner.
So always combine TA n FA in yr analysis
Of course MA as well |
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Those vested or wanting to vest, be careful - Innopac may be next trading suspension ordered by SGX as its share crashed > 52% yesterday. Innopac, Blumont and Ipco are connected in some ways. DYODD.SGX ordered trading suspension in 3 companies, 1st in 13 years
The Wall Street Journal, Published 3 Oct 2013Singapore Exchange Ltd. suspended trading in three companies? shares on Friday after they plunged dramatically earlier in the day, wiping out billions of dollars of market value and months of big share-price gains.Within the first hour of trading, sterilization-services provider Blumont Group Ltd. had lost more than 56% of its market value, while shares of Asiasons Capital Ltd. and LionGold Corp. plunged by 61% and 42%, respectively. The declines erased a combined 4.8 billion Singapore dollars (US$3.9 billion) in market capitalization.
In separate statements, the bourse said the suspensions, all announced within six minutes, were meant ?to safeguard the interests of the market,? which might not be ?fully informed.? The suspensions were the first ordered by the bourse in 13 years on the grounds of maintaining an ?orderly, informed or fair? market. It didn?t say when or under what conditions trading in the companies? shares might be allowed to resume.
The exchange asked the three companies to explain the declines, which followed weeks of dramatic gains in the share prices of all three.
In response, Blumont said its share price may have been affected by its proposed takeover of Australian coal miner Cokal Ltd., as well as recent trading restrictions placed on its stock by an unnamed local brokerage. The company announced before the market opened on Friday that it had agreed to a takeover of an unnamed foreign-listed coal mining company for up to S$146 million, which it revealed late Friday to be Cokal.
Asiasons?an asset-management and investment firm?said separately that it was informed of ?malicious market rumors? that the Monetary Authority of Singapore had sent a team to investigate the company, and denied these rumors.
In its response, LionGold said it was in advanced talks to buy a stake in an unnamed gold-mining company that is listed on three foreign stock exchanges. The talks could also lead to LionGold making a takeover offer, it said. The company also cited as a possible factor recent trading restrictions placed on its stock by a local brokerage. Asiasons is LionGold?s single largest shareholder, with an 8.9% stake as of Aug. 20.
In a filing late Friday, Blumont said it has agreed with Cokal to cancel the proposed takeover ?for the time being,? as the terms had been ?materially and adversely affected? by the Singaporean company?s sharp loss in share value. Both companies would continue seeking mutually beneficial deals with each other, Blumont said.
Blumont said earlier that it planned to pay for the deal by issuing 72.2 million new shares at S$2.02 each?its closing price Thursday. Its share price fell to 88 Singapore cents before trading was suspended.
Before Friday, Blumont?s share price had risen by more than eightfold in the first nine months of the year, boosting its market value to S$6.3 billion from S$508 million. This placed Blumont?which earned just S$4.4 million in revenue all of last year?among Singapore?s top 50 companies by market capitalization. The stock rallied for nine straight sessions from Sept. 18 to Sept. 30, gaining 86% and hitting an all-time high of S$2.54 on Tuesday.
This rally prompted Singapore Exchange to ask Blumont to publicly account for the sharp gains, saying the company?s acquisitions and investments in nine companies since December?the largest of which involved a S$48 million purchase price??may not sufficiently explain the steep increase.?
In responses filed Tuesday and Wednesday, Blumont said it wasn?t aware of any unannounced information that could explain the gains. But the company listed possible factors, including its push to diversify into mineral and energy-resource sectors and the interest of foreign investors in its shares.
Asiasons? share price tumbled to S$1.04?from Thursday?s closing price of S$2.70?before trading was halted. The decline wiped out gains Asiasons had reaped over seven sessions from Sept. 9-19, during which its share price jumped nearly threefold to a record S$2.91.
Singapore Exchange had twice asked Asiasons in September about the increases. Asiasons replied on Sept. 9, saying it was ?considering and evaluating potential investment opportunities.? On Sept. 18, it said its share-price movement could be explained by its S$218 million deal to buy a 27.5% stake in U.S.-based Black Elk Energy Offshore Operations LLC, which was announced on Sept. 17.
Shares in LionGold, which invests in gold mining and exploration, fell to as low as S$0.86 early Friday?the lowest since January 2012?and were last quoted at S$0.875 before trading was suspended. They closed on Thursday at S$1.51.
The company?s share price had risen by 55% from mid-July to late August, peaking at S$1.755 on Aug. 27. LionGold announced on July 29 that it had agreed to buy Acadian Mining Corp., a Canadian gold firm, for S$9.1 million.
Analysts say Friday?s suspensions, while rare, were consistent with SGX?s previous actions. ?We need to know if the [earlier] price jump is supported by fundamentals,? said David Gerald, president of the Securities Investors Association of Singapore, referring to Blumont.
In August 2000, SGX halted trading in the shares of Links Island Holdings after the land-reclamation company?s share price jumped nearly threefold in one and a half months. The bourse later said it found that Links? shares had been ?cornered? by a group of investors?meaning they held stakes big enough to enable them to manipulate the share price. Now known as Manhattan Resources Ltd., the company resumed trading in August 2002 after meeting certain regulatory conditions.
Sad too see anyone sucked into this counter and its related groups. It is a lesson learned for us to invest within our means and do homework to check FA and TA.
Trade with care...Huat Ah...
Mian kia too much if you can hold but do not play contra...the crash is just panic selling and as long we can hold i think just a matter of time...This crash is caused by blumont and even ipco also didnt spare...it will rebounce sligthly by next week and they are just trying to suck punters not investors.
wendel ( Date: 05-Oct-2013 10:58) Posted:
Fine line between a gambler n an investor. Put in your own $$$ n u r an investor and investors can look forward to good returns no matter the time period. Putting in $$$ u don't own makes u a gambler hoping for a quick profit. We often see us trading n looks forward to quick profits n inevitably becomes a gambler. Taking chances become our motto. We may have started out to invest but had overcome w greed looking for quick profits n had veered off course. U n I need to get back on the course that started our journey w our mind set on investing. I'm not in INNOPAC but in BLUMONT. I'll treat it as an investment that didn't get the returns I'm in search for since I've put in it real $$$.
viromics ( Date: 05-Oct-2013 00:04) Posted:
my panic to buy low, hope it bounce back, and can cover some loss, but it got lower and lower, suck more and more,,,, If I can get back half of my loss, it will be my last trade. I was taught as an investment, but when trading, became a gambler.
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For innopac, sold sometime ago after it break 20cents support.
Never look back after investor central publishing a damming article on it. More of slamming integrity of the owner.
So always combine TA n FA in yr analysis
Of course MA as well
Fine line between a gambler n an investor. Put in your own $$$ n u r an investor and investors can look forward to good returns no matter the time period. Putting in $$$ u don't own makes u a gambler hoping for a quick profit. We often see us trading n looks forward to quick profits n inevitably becomes a gambler. Taking chances become our motto. We may have started out to invest but had overcome w greed looking for quick profits n had veered off course. U n I need to get back on the course that started our journey w our mind set on investing. I'm not in INNOPAC but in BLUMONT. I'll treat it as an investment that didn't get the returns I'm in search for since I've put in it real $$$.
viromics ( Date: 05-Oct-2013 00:04) Posted:
my panic to buy low, hope it bounce back, and can cover some loss, but it got lower and lower, suck more and more,,,, If I can get back half of my loss, it will be my last trade. I was taught as an investment, but when trading, became a gambler.
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