Chemoil Ene USD   

CHEMOIL

have been closely monitoring this counter since its listing Since November (first listing withdrawal in Oct and final listing in December). Please refer his various purchases at different point time:

 

19/09/07	18/09/07	Robert Viswanathan Chandran	DIR	S	6,000*	0.518	613,953	47.50
20/08/07	17/08/07	Robert Viswanathan Chandran	DIR	S	777*	0.552	607,953	47.03	Note*
17/08/07	16/08/07	Robert Viswanathan Chandran	DIR	S	1,766*	0.558	607,176	46.97	Note*
16/08/07	15/08/07	Robert Viswanathan Chandran	DIR	S	2,000*	0.597	605,410	46.84	Note*
15/08/07	14/08/07	Robert Viswanathan Chandran	DIR	S	3,952*	0.606	603,410	46.68	Note*
14/08/07	13/08/07	Robert Viswanathan Chandran	DIR	S	5,000*	0.579	599,458	46.38	Note*
03/07/07	02/07/07	Robert Viswanathan Chandran	DIR	S	200*	0.825	594,458	45.99
27/06/07	26/06/07	Robert Viswanathan Chandran	DIR	S	500*	0.846	594,258	45.97
04/06/07	30/05/07	Robert Viswanathan Chandran	DIR	S	1,500*	0.882	593,758	45.93	Note*
01/06/07	29/05/07	Robert Viswanathan Chandran	DIR	S	1,000*	0.900	592,258	45.82	Note

 

I have various reasons to suspect Robert?s credibility:

 

1. His max entry was 0.90c and min entry was at 0.518. This shows he has lots of money and just buying to enhance the confident of the investers. Essentially, he just pumps his saving or spare money into his stock.
2. One time he affected the market sentiment with his statements, I have this example. Before the first Qtr result was announced, (believe in January), The Business Times analyst interviewed him. During this interview, he has mentioned that he would increase his stake in the company by making aggressive open market purchase after the results are announced. After this statement, most of the investors were confused and thought the Qtrly results would be bad which may result stock price tumbling. Finally 1^st qtr result declared with 22% surge in profit.  
3. the stock was initially started to be listed in SGX in October 2006 but at the final day of balloting, the listing was revoked, the reason given ?bad market sentiment?. Later he decided to list the stock in SGX (December 2006) with reduced IPO price, which he claimed, undermined the value of the company?
4. When the second qtr result announced with bad result, the stock price tumbled in next day trading but he bought the shares for few days. However, 2 weeks later he stopped purchasing. Apparently, the price started moving from 0.60 to 0.70. He has thrown a message the company is expecting a poor 3-qtr result. Once again, price tumbled, he bought few thousand lots stating from second day.
5. Two positive credibly: When the stock started moving up with a low volume, he saved the future investors in loosing hefty money by informing the market at the right time (with the expected poor performance in 3qtr). He also donated 100K for Singapore charity (believe duck race?). That is a good part on this charity attitude.
6. Initially JP Morgan compared Chemoil?s business model is similar to OLAM. I will question this. The OLAM management is very strong and very aggressive management. They have sustainable business model.
7. Good part (Not sure?); Temasek has invested about 5% in this company with IPO prices (0.45C).
8. J.P. Morgan (S.E.A.) Limited and UBS AG, acting through its business group, UBS Investment Bank, sponsored the initial public offering of the Company?s shares. Now JP Morgan removed Chemoil from its Asia coverage. May be they know something, which we small investors would not know? I would not invest in this company in 1 to 2 years. May be later the company shows consistent credible results, I may consider to buy. Sorry this my person view only

 

Have faith in Robert

 

go to sgx web site...latest and most accurate info.... within there u will find each listed co data....

and not any where else....

 

Hi guys,

How do you guys know who and when the person bought the shares?

 Thanks

 

 

of course I know how much he bought since the price is at 2.00 level...

just that, his pocket is not as deep as other.. anyway, it might be a good idea to pump in some money at OSIM for some technical rebound, but for long term, can forget it ..

 

I am not talking about his latest purchase.. you go and check how much Ron Sim has bought since 4 months back... u will get the picture.

 

please la, EastonBay, Ronsim is buying 300 lots, whereas Robert is consistently buying up when there is a dip with HUGE LOTS.. how can u compare like that, aiyo yo.... compared ikan bilis with salmon...

 

is Robert doing what RonSim is doing.. trying all ways to stabilise the shr px by buying? or is it that he really has faith in his company.. guess ikan bilis will never know.

 

Robert is really ur good buddy...man....

 

aiyo yo yo.... my friend, Robert, buy another 1000 lots , and Andorra Services Limited purchased 1000 lots yesterday too...

aiyaa... all BB purchasing... should we follow or not?

 

exchange loss can cost you a fortune, if you make a bit, let go and dun ever touch this counter again.

 

really hope it can break $0.40. :P

 

with us$ falling, bad for investing in us$ denominated shares.

simple eg at us$0.475, xchg rate 1.52 => each shr costs u S$0.722 and u bought

if xchg rate falls further to 1.50 xchg rate but shr px stays the same at us$0.475=>  now shr you own is worth $0.7125

at xchg rate 1.48 => shr is worth $0.703

 

so u can see with the shr px staying the same, you already incurred xchg loss if you sell the shr at the same px.

 

US$ falling, and predicting to fall further.  Isn't that good or bad if vesting now leh?

 

ha ha ha.. hey, my friend buy back chemoil stocks once again!!!

2600 lots at 0.4788 = SGD 1.87 millions dollars... isn't that cool?

damn, he is rich... ~

 

 

this counter is in usd dollar, if not careful you will make loss in exchange rate and the share it self.

 

Another downgrade, more downside expected.

 

Another downgrade, by UBS.

http://www.remisiers.org/research//Chemoil%20by%20UBS%2019%20Sep%202007tp0.55.pdf

 

derivative losses ...sound familiar ......  

 

Think he went in today.....

Stay clear for the moment. Price not likely to move however as it's currently in a downtrend.....still looking at it hitting the 40 cents level in the upcoming days. Noted that JP Morgan has removed this stock from it's Asia market focus list and it's been downgraded by several broking houses. The derivative losses might just surprise the market. We wouldn't know until the results are out. Huge volume driving this counter lower for the past 2 days doesn't bode well....

Besides, the interest rate factor is no longer in play. Market might start to trend south soon....