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covered yester short at 28cts! today then see some shorting action!??!? wah lao....... :(
Closed off at
| Yamada | CPF | 0.275 | 0.285c | +0.010c | +3.6% | Vol-16,268,000 | 1,357,000 | 0.280 | 0.285 | 2,976,000 |
cheap thrill, this will keep u glued to ur screen until 5pm :)
nickyng ( Date: 13-Oct-2010 14:08) Posted:
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yet to cover back my ass*** hee.....shld i? hee....wow ! that's the thrill!! :P stay tuned! :D hee....
nickyng ( Date: 13-Oct-2010 09:28) Posted:
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That right...U got your $$$ liao. keep it warm.
Down side is limited, up side is also limited. After yesterday scary incident.
" Orderbook quotes suggest minimal downside beyond S$0.275 intraday low. says Kim Eng Securities, meanwhile Yamada Green Off 18.3%; Still Over-Valued - said CIMB
To date on going trading, still...1 to 2 bidding only
| Yamada | CPF | 0.275 | 0.280 | +0.005c | +1.8% | Volume-10,396,000 |
susan66 ( Date: 12-Oct-2010 23:11) Posted:
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Can it go lower then it own trading offer on it table?, look quite difficult & dependent on punters.
http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/2A3DD88476249113482577AD0014606E/$File/Amended%20Prospectus%20(20100929).pdf
Assuming the net profit increased by more than 60% in FY2010, the net profit will be RMB about 130m.
It translate into a EPS of about 0.06.5c Singapore cents. Based on the IPO price of 22c,
it is priced at a prospective PE Ratio is about 3.7x tranlated to even lower' priced.
Sino Grandness Food Industry is a manufacturer and supplier of canned fruits and vegetablesIts main products are canned asparagus, long beans, mushrooms as well as others (including bamboo shoots, sweet corn, chillies and fruits such as lychees, pineapples and peaches.
Issue Statistics
Price:
Historical PE:
Offer: 70.0m new shares + 15.52m vendor shares - Placement Tranche – 83.52m shares S$0.29 NTA per share (post IPO): S$0.176 4.9x (FY08) Market Cap (post-IPO): S$71.1malamak! think should short when price >30cts! jiak lart...panicking liao after i read this article's comment!!
http://singapore-ipos.blogspot.com/2010/10/yamada-green-resources-limited.html
---------------------------------------------
Yamada
Green Resources Limited “the Company” is offering 30.08m Vendor Shares
and 74.9m New Shares of which 2m will be via public and the rest via
placement. The shares are priced at $0.22 each. The IPO will close on 6
Oct at12pm.
The
Company is a major supplier of self-cultivated shitake mushrooms in
Fujian Province PRC and operates one of the largest cultivation base
there. Its products are broadly classified into mushrooms or processed
food products.
Revenue
grew from RMB 73m million in FY2007 to RMB 236.2m in FY2009 and net
profit after tax grew from RMB10.4m to RM81.7m over the same period. The
net margin improved from 14.2% to 34.6% during this period. The
unaudited 3M 2010 revenue grew by another 63% and net profit grew by
85% respectively over the same period in FY2009.
Post
IPO, the company intends to expand its cultivation base, expand its
eucalyptus plantations and establish its own distribution and marketing
network. There will be 406.6m shares post IPO, i rather they issue less
shares and priced it higher. I guess the IPO managers are still of the
view that investors believe "lower priced" China shares are 'better' as
the down side risk is 'lesser'. I rather they be more confident in this
regard.
Based
on the post IPO no. of shares, the company is listing at a historical
PER of 5.23x (assuming the service agreement is in place in FY2009 based
on the post-IPO shares). The market cap will be $89.45m.
Assuming
the net profit increased by more than 50% in FY2010, this means the net
profit will be RMB 122.5m. This will translate into a EPS of
approximately 6 Singapore cents. Based on the IPO price of 22c, it is
priced at a prospective PER of 3.67x which is very 'cheaply' priced.
Sinograndness
(another listed S-chip in button mushroom) is trading at around 6.2x
PE. Assuming Yamada trades at 5-6x prospective, it will translate into a
fair price of 30-36c. But a few push back factors will be the vendor
share sale and huge float. It will likely be another hit and run story.
What going around, comes around- Ya...
, agree for all, is not to be greedy or blind by greed.
As Always, got profit, alway leave some for others.
ya...i m peeing into my pants now!! then again.....who can tell!??! hee.... :P
joshlai86 ( Date: 13-Oct-2010 09:11) Posted:
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it is 28.5cents now. really "good luck" to you.
nickyng ( Date: 13-Oct-2010 09:03) Posted:
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shorted at 27.5cts x 50 lots!! wish ME luck!!! :P
nickyng ( Date: 13-Oct-2010 07:21) Posted:
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going to SHORT it again today! HUAT BIG AHH !! :P this burger deserve to be WHACKED BIG! :P
Yamada Green Off 18.3%; Still Over-Valued -CIMB
0623 GMT [Dow Jones] Yamada Green Resources (MC7.SG) down 18.3% at S$0.29 on heavy volume, most active in Singapore, as investors book gains from strong debut last Friday, when stock closed +68.2% on its S$0.22 IPO price. Despite swift selldown, CIMB says price may pull back more as stock still trading at premium to peers Sino Grandness Food (JS5.SG), China Minzhong Food on historical P/E, P/B basis; "we continue to see a lack of compelling justification for this premium." Still, sector fundamentals remain promising, says Kim Eng Securities; "the growing affluence of the Chinese population should translate to higher spending power and spur the demand for high-quality products as well as green and healthy foods." Orderbook quotes suggest minimal downside beyond S$0.275 intraday low.
Same style as Consciencefood all the way down to around IPO price of 22 cents. Now is around 23 cents. Must be the big holding unloading. Be careful.
If I dun hv internet.
If my broker din call me during my ofis hr today abt e drops.
If my families member dunno I hv bot Yamada dat day @ 0.375 & abv.
I'll v v mad & v v sure dat I'll break my TV set aft watched @ e TV Text!!!
: (
Bon3260 ( Date: 12-Oct-2010 17:53) Posted:
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hee....ok SHORT BIG time again tomor !! :P pushing my luck abit :P
This is not luck, - Ya..., agree for all, is not to be greedy or blind by greed.
As Always, got profit, alway leave some for others.
| susan66 Senior |
Posted: 08-Oct-2010 10:17 |
teeth53
- Ya..., agree for all, it is very steady now at 395c to 0.40c.
susan66 ( Date: 12-Oct-2010 20:03) Posted:
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What a scary day, luckily sold on the 1st day! Seems that most IPOs have the same fate, everyone take profit & run for their 'lives'. May push down to IPO price of 0.22 soon, never catch falling knife especially for IPO as they are still 'young' no trend to see yet. 
err...chase DOWN stock(SHORT) can or not ahh?? heee.....haha :P hope to hv another kill tomor on this burger again! :P
des_khor ( Date: 12-Oct-2010 19:19) Posted:
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Don't chase stock !! CCM brother !! hehe