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There many branches of knowledge as to how shares are priced by the market. One is the PE methods you mentioned which is used to calculate current ratio or perspective ratio. This is not an accurate mechanism and is just a tool by large investors to justify themselves for buying or selling the share at the pe price. It is just elementary in nature. The view is always different on hindsight when a price remains there for a few sessions or changed afterwards. A good example of its inaccuracy is the price of most IPOs. After a day of trading their PEs changed either higher or lower and seldom remain within small percentages, e.g from 5 to 10 or 10 to 50 etc depending on how the Big Players want.
The price is undervalued because DBS shorted the bugger and held the shorts for very long only to have bought back, probably recently to return to the directors. Here is a snip of one sgx announcement on 5th June 2012.
" In connection with the convertible bonds offering as announced by Swiber Holdings Limited on 16 October 2009, Mr Goh had entered into a share lending agreement with DBS Bank Ltd dated 26 August 2009. DBS Bank Ltd, as borrower, returned 597,000 shares to Mr Goh, as lender, pursuant to the terms of the share lending agreement. "
Very simple. If DBS or any bank or big institutions shorted the shares, it definitely cannot rise but depressed until too undervalue. I believe most shares in Sg market are shorted by banks, hedge funds and brokerages. You think ordinary players can make money?
Not vested at all in Swiber, but just giving some views. Good luck to shareholders, but think deep when you want to invest in shares in Singapore.
A share is only a proof of ownership or participation in a business. How the market price a share will always depends on how much net profit it can generate. Not only that, the profit must be able to satisfied shareholders meaning it must give good dividends or else why should you invest? So that's why the PE Ratio comes in. The higher the PE the means investor are willing to pay more because of perceive prospect in the industry. Now if a company can have many contracts, keeps on asking for money - share placements- that's means more share and more dilution. Profits may be spectacular but recycle back - paying salaries, overheads but nothing left for the share holders. The management's quality is questionable to generate values. They only reward themselves ie keeping themselves busy. You compare Cerebos chart? This one is always heading north in spite of market fluctuation because the market thinks this share is a golden goose laying golden eggs! So you cannot just say a share is undervalue without facts and because it doesnt move the way you want!
hotokee ( Date: 11-Jun-2012 22:24) Posted:
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Agreed.
hotokee ( Date: 11-Jun-2012 22:24) Posted:
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This share is overly undervalued. The market has destroyed itself and we have to pity those who got the shares above $2 few years back. Shorts are really laughing to their banks for eternity.
contra?
Nachos34 ( Date: 11-Jun-2012 18:57) Posted:
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On Monday, Swiber re-test the critical resistance at $0.585 and closed at $0.57 with LOW volume of 2.45 million shares traded.
During the past 10 bars, there have been 3 white candles and 4 black candles for a net of 1 black candle. During the past 50 bars, there have been 14 white candles and 26 black candles for a net of 12 black candles.
RSI & MACD are bullish as RSI trend upwards.
Immediate Resistance of Swiber: $0.585
Immediate Support of Swiber: $0.515
Currently prices are resisted by 200 days MA at $0.585.
Swiber has been trending ............ READ MORE
It's an uptrend liao. Better strike while the iron is HOT. jump onto the wagon asap. Just snagged 70 lots at 57cents. *fingers crossed heheh
Should still have some room to move up, but have to wait and see..
height00 ( Date: 06-Jun-2012 16:27) Posted:
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Will it fall back tomorrow?
Nachos34 ( Date: 06-Jun-2012 12:25) Posted:
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GOOD NEWS .... HUAT LIAO!
good, but somehow, the stock price will drift lower and back to where it was prior to the contract win....
Good news - $830million contract awards, on the heels of a $175million win win their indonesian jv partner. dunno if this link will work from the sgx website:
http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/all_in_one/company/!ut/p/c5/hZFJrqMwAAXP0gdo2fBJMEsD4WMCJASbaYMYzZxBfIacvrPsTatVy1JJT3ogAR-mbGl5Nrf3KRtABJJjKmIsmVCDCkTfCJJTEDi6YQrIgx8f_-UvTJAhYaonqQETzlj6Tx2CCEqp36GHs8-R_dYW2r293dHx7nRsd3Vndcr8WgY3pmJd7La6BRZI-HDPP9vCMsGyjsiqE5pqjRgziOemEPuATz3zA_VH22-9ih3zxp_WVVKMuJmOFZfr3xUNC_bMuc3m8hQbent1J40SZVEGcWSW7SSZbFB4eE_rF4-XrTa8KeIDzDqBdjOue_-FUVh7dVoUPFCsUBWMnJKTYxkNzdNi713BFk0zqpAZeXdbutTPrm-0I3fV2PS_4S2qVKy1DB0eAjlXaPV__NmM6aW_Hbd6-zpL43B9hVFSFRYlj3J82TJZ38mrXwSBNahpx0NfF_oGXPM-ViAGifyvHzRVBo-RLSMiv_4AmwLz8A!!/dl3/d3/L0lDU0lKSkthWUEhIS9JTlNBQ0lpTXdxSkFDQUpvb0dBIS80QzFiOVdfTnJ4UUMvN18yQUE0SDBDMDlPVTE3MElVQlE0QlZVMUNCNy8yMDAyMjUyMTg5NjU!/?CompanyCombons_7_2AA4H0C09OU170IUBQ4BVU1CB7_=SWIBER& CO_ALLONE_SELECTED_INDEX=885& CO_AllONE_CHART_RET_CODE=SWIBER& CO_AllONE_STOCK_NAME=SWIBER+HOLDINGS+LIMITED& CO_AllONE_IBM_CODE=1U13& CO_AllONE_HP_CODE=AK3& CO_AllONE_MASTER_CODE=29250
silvermansac ( Date: 04-Jun-2012 17:22) Posted:
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Anybody why this 1billion dollor company is on Hold .
Going die or good news
Waaa... another crystal ball user, other than Isolator! Choon bo or laggy old fashioned prediction? Time to upgrade to a tablet PC?
valmont ( Date: 16-May-2012 14:23) Posted:
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wow what the..... The volume spiked up so high today. Haha..
oni the crystal ball knows the lowest low price.
wait for price action key reversals + signals.
patience pays.
never play shares this way.....
no one can buy at lowest, true. so forget abt lowest but as well dont catch the falling knife.
many will say how low can a price drop.....price can drop n the share consolidate 2 to 1 n drop further n consolidate 2 to 1......so price CAN keep dropping.
dont LONG any share, dont think of buying cheap shares cos there isnt, dont look at chart n bluff urself then u see a glimpse of turning......cheers
eiffel76 ( Date: 15-May-2012 11:47) Posted:
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Thanks
eiffel76 ( Date: 15-May-2012 11:47) Posted:
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part of commodity counters correction. but if you trust in the direction of the company, dun worry and accumulate when price is good. one cant always buy at the lowest nor sell at the highest.