HG Metal    Last:0.565   -

HG Metal a hidden gem ?

Hi bros,

Some silly questions as i am not very good in share.

If i am allocated 1333 share for HG metal rights. How can i top it up to 2000? Thanks

 

HG metal halted at 9.:50 am: "Pending material announcement to be released." ....  "HG Metal to buy Johor land for RM24m" reported by Business Times ??? hope it's gd news to surge up its px !

 

Now halted, maybe good news !

 

What on earth is happening to HG Metal? Its price is not picking up. Is there a downtrend?

Any comment is welcome

 

HG Metal announcement

http://www.listedcompany.com/ir/hgmetal/newsroom/CompositionofDividend070207.pdf

 

hence by that time, it will further dip? ha thanks for the explaination..

 

Today just XA so form wont receive so fast lah - wait for another few more days u should receive them.

 

will it dip further??

 

Buy on dip.

 

XA means all the entitlement expired liao lor. Price drop correct lah. I am just not too sure what the entitlement was. Heard got some right issues but never received any form leh....

 

let me know if i saw wrongly or POEMS registered the price wrong..

this counter is now trading at 0.415? a 0.125 drop, although there is a XA declared? is there something that i don't know?

 

Some more our big big brother, China, is building like crazy for 2008 Olympic. Metal demand will keep going up. Probably that is the reason why they just bought a new land to build warehouse.

 

Thanks. I believe there is good prospect for this stock so I plan to hold on to it for the long term investment. Like what one forumer stated, the BOD likes to reward shareholders and with the property market boom and the IR, demand for steel will be strong. Imagine $0.04 for dividend when the stock was at $0.46, that is 8.6% dividend and with Rights issue of 2 for 5 at $0.20, what more can one ask for. All these speaks alot about the BOD. I could have made a handful selling off now BUT I know I will regret if I let go for a "small" gain.

In the long term, say one year to two years this stock should easily be in the range of $1 to $2, that is what I am betting on. Look at Celestial, $0.48 to $2.00 than to hovering around $1.5.    

 

From the demand of this stock, I believe the correction after dividend pay out will be minor. Perhaps 4 cents. I think the 20 cent right is more attractive.  :-P~~~

 

Buy before XD so that u are entitle to the right issues shares n the dividends...if u buy after XD u get none!

 

How much will the price drop to after XD is anybody's guess. Still entitled to the dividend payout and the Rights Issue if buy now, 6 days before book's closure? I am not saying that one should buy now but then there are reasons to consider to buy now or not. Please correct me if I am wrong.

In the stock market how high is high and how low is low, nobody has yet to accurately forecast that.

A lot depends of fundamentals and a lot depends on sentiments as well.

Any sharing will be appreciated. All of us should share and benefit from the experiences, knowledge, etc.

 

Why buy now, XD will drop and can pick up at a cheaper price.

 

Closed at 0.54 today n slowly creeping to 0.60 soon n will pullback after XD before cheonging up again.....

 

HI , annual meeting is on 30 Jan 07 and propose 2 rights shares for every 5 existing shares subject to approval cum dividend of 4 cts per share...rights books closure will be on 7 Feb...info from the Annual report..FYI..

I thk of exercising my warrants...can anyone advise?

 

it's not moving much recently compare to LeeMetal which is flying...... still waiting..... but right issue we still have to fork out additional 100% of our dividend....