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Ban Joo

I will not say that 40cents is the immediate target. Cos people will hv learn from lottvis n also those that had got it when its below 10cents will hv cash out. Even if u got it at 10cents wldnt u cash out? Based on the morng trade n vol its just timing that we get in at the high. However, we cant expect to buy at the lowest n sell at the highest price everytime right? As long as u can hold n not buy more than u can i think it will be fine.

 

 

Very smart .....

 

Massive accumulation near support level of 22.5 cents .....

 

You mean 40 cents as immediate target ? 

 

So after 40 cents, will this powerful wave bring it to the 60 cents level like LottVis ?

 

Hehe, looks like I am not the only one bought at higher price.... This morning got in too early.

 

Haha, me too man! Dun worry as long as u hv enuf $ to hold. I hv great faith in this one. Its a matter of time. Its just like what other said here, it will be like another Lottvis! Think u will need to cut unless u bought more than u can hold... Just my opinon.. 

 

Any chance that Ban joo will go to at least 0.25.  I brought on the high side (hand itchy) today .  Thinking of cutting loss. Can any1 give advise?  Please.

 

Weak holders have exited this morning. Now in consolidation mode. Wait for a few more days to move to at least $0.4.

 

Any target in mind ?

 

Looks very strong .....


Powering its way to 30 cts ?

 

Only three word I can say for this counter is cheong cheong and cheong.

 

If you look at the sell counter, BB are buying share in the number of millions. I think the BB will push the share higher and higher every single day. Those who missed lottvision, this counter give you some chance to make some money. More fund manager is pouring money and more people is coming in to rise fund. I think the next target after ban joo will be those counter currently worth 2 to 3 cents counter, why I said 2 to 3 cents counter because the potential investor know that the share counter price is very low and they can get many more share in return if they inject their business into this company rather than those 30 or 40 cent counter. They also know that once the new of rto or they became a substantial share holder, the price will surge and their million of share issued to them worth billion.  

 

Some news about welfare lottery in china for you. I hope singapore can do the same as china, setup a welfare lottery to help the poor in many ways such as medical, education etc.

 

Wednesday, August 02, 2000, updated at 08:29(GMT+8)
	Life
	Welfare Lottery Benefits China Welfare lottery is playing an increasingly bigger role in China since it appeared 13 years ago. By the end of 1999, a total of 39.52 billion yuan (US$4.76 billion) worth of lottery tickets had sold since welfare lottery was introduced into the country on July 28, 1987. Over 11.87 billion yuan (US$1.43 billion) of social welfare funds had been collected as a result. Out of which, 1.5 billion yuan (US$180 million) had been turned to the state as a special disaster relief fund and eight billion yuan been spent on welfare works. Welfare lottery has provided impetus to China's welfare development. Statistics from the Ministry of Civil Affairs showed that from 1987 to 1997, governments at all levels invested 1.41 billion yuan (US$169.8 million) into urban welfare facilities, while welfare lotteries provided to it 4.1 billion yuan (US$493 million) during the same period. Welfare lottery has been a major factor that prevented the country's public welfare from falling far behind the fast economic development, said an official with the China Welfare Lottery Center. Thanks to money collected from welfare lottery, over 81,000 welfare projects, including special education for mentally- retarded children, have been established across the country. At present, the Ministry of Civil Affairs collects 2.5 percent of the lottery sales for a special social welfare fund, which has financed the rebuilding of 103 children welfare institutions and treated some 2,000 disabled children. Welfare lottery has indirectly pushed forward China's economic development, the official said. Up till now, welfare lottery has expanded to cover 95 percent of the country, employing over 74,750 people. A recent survey of welfare lottery also showed that the country 's lucky winners will not hesitate to spend their windfalls from welfare lottery. Seventy-three percent of the respondents said they would spend the money right away to buy houses or cars, according to the survey by the China Welfare Lottery Center. Some economists were much encouraged by the results of the survey, noting that lottery will be a boost to the country's domestic consumption. It is estimated that nearly 4 billion yuan (US$481 million) will be spent on domestic consumption if 10 billion yuan (US$1.20 billion) worth of welfare lotteries are sold each year

 

It is like lottvision in making. Lottvision worth few cents and jump to 60 cents now. Ban joo is better than lottvision, it give a gurantee of 107 million over 60 month and issue of 20cents share price follow by 40 cents share price thereafter if they achieve NPAT .......... This share will climb everyday due to the strong buy volume at sell counter.

 

Do you think it will be another lottvision since it is also into the china's lottery business?

 

Ban Joo venture into China's lottery business via purchase of 51% stake in SPV which will provide consultancy services to Shanghai All-Points Investment Management, which specializes in paperless sale of welfare lottery in China.

 

As a stock trader, does it matter too much the technical aspects of agreements?

We are primarily interested in the dynamic price movements in the market, which is an excellent discounting mechanism itself.

However, one would be interested in all the nitty-gritty of a company if one intends to 'own' the stock.

 

iPunter: if MOU is as good as an agreement then why invent the concept of MOU? why not juz say direct sign contract? any1 who knows law can explain to me the concept of MOU and the actual signing the formal contract between 2 parties?

currently I tink of MOU as an engagement ceremony and the signing on dotted line as the actual marriage ceremony. so engagement can break off easier as compared to after the marriage ceremony? 

 

Sohguanh...

hahaha..

As far as I know, an MOU is an official document, which is a good as an agreement.

 

Juz buy before newspapers anncement

 

Once halt lifted the trading is fast and furious at 17 cents. I tink most ppl wanna get the shares at less than 20 cents is it?

 

If MOU leads to a specific formal agreement then who in the hell invent the word Memorandum? Might as well scrap it and say both parties had signed on the dotted line on the formal contract?

Or maybe Memorandum is like enagagement before the real marriage? :P