Frontline   

Potential Multi-bagger ???

Hi Guys, any ideal whats going on...?

It seem like sell down today leh... before lunch got a small QTY to buy up to push up the price to 16.5 but shortly drop again to 16.

Is there a spread of special news around...? hmm....

 

BB has a great day accumulating 3m FL at 16.5 cents today when market see RED. Selling come out in force from those who had recently purchased the stock not knowing its nature and trading pattern, utterly disappointed that it did not shot up. Well still counting down to 17th of this month.

 

Accumulate for the 5th day... Maintain at 16.5 cents.. Not much gain or loses over the 5 days..

 

Turnovers should be very good but due to the nature of its businesses, expenses are also high especially on the salary of its IT Professionals. To retain good people FL have to pay them well or else their Competitors will snatch them away. Without good people FL's businesses will definitely be affected. This is my only concern, otherwise, FL is definitely going places. Cheers!

PS. Vested and will accumulate if px falls below 17c.

 

winsontkl, these days many of the bbs that roam the penny counters are in fact bookies and loan sharks; these guys have come to know that this is also a quick way to make money...back to frontline; it is well managed, mr. steve chia has, in his mind a clear direction on where he wants to frontline to go; i believe what frontline needs now is to have a strong and resource rich partner for a collaboration; also i would not rule out take over of frontline by blue chip investors...then only we will be able to see the full potiential of frontline...that my guess anyway...    

 

Alexmay, good for you. Do update anything interesting in this thread annouced by Frontline. Too bad, can't make it this time round, hoping for some goodies.

 

Just got email comfirming my attendance, maybe can see some of our frontliners forum ppl there.

 

Hi adobepie,

Admire your frankness, but in the market, there is full of twist and turn of events, never underestimate the BB. Anyway, what's your take on this counter, care to share. Cheers  

 

the bb have the experience and $$$.....but never, never under estimate the young and hip investors...their minds are sharp.....the kind of mind games the bb used to play do not always work against today's hip investors...     

 

Well, today trading is low at 2.2m. Mostly retail selling with little BB presence, probably waiting patiently at 16.5 cents. Drop to 16.5 cents, little buying support today. End of BB push??? Or Hot and cold strategy by BB??? Flushing out impatient investors. The lower it gets, the more attractive it gets.

 

FL should be announcing another profitable year and more % gain then before. Maybe it is also time to return the share holder for their loyalty and support. Could it be Rights, Bonus or Special Dividend????? We shall C.....

 

im wondering what sort of good news will FT announce this may 17...... ... 

 

Counting down to its annual result and also counting down to its 1st bagger.

 

We should all attend the briefing. Maybe got good news. If not at least free coffee?

The Board of Directors of Frontline Technologies Corporation Limited wishes to inform that it intends to release its unaudited results for the financial year 2007 ending 31 March 2007, on 17 May 2007.
A briefing for the Media, Financial Analysts, Institutions and Shareholders will be held on 17 May 2007 starting at 12.30pm.
The briefing will be held at:

Grand Hyatt Hotel
Magnolia 1&2, Level 3
10 Scotts Road
Singapore 228211

Please email investor_press@frontline.com.sg by 14 May 2007 if you would like to attend the briefing.  

 

Frontline has long been neglected by most investors as the price is not moving and to most, it is term as a ZZZZzzz counter. No matter how news start flowing in, the price will never move. Well, has read an article which mentioned something like this: Never thread the path where the crowd move!!! The basic concept is if everyone is aware of it, it will be fully valued, how much more upside is left????

 

I agreed with ten4one and I believe that FL should go up during THE DAY.....

 

The main reason for FL 'stuck' at 0.17c is Investors are awaiting for the F/Reports that will be out soon and of course, the statement from the Director. Also partly due to the 'Sell in May and go away' syndrome. My take is the Financial Result will be a good one but not really that good that the px will jump high. A good stock for long term play. 

This stock only hit the highest at its debut at 0.23c briefly. Only came to the limelight recently due to the its out-sourcing businesses. Good to start buying at 0.17c or below (if possible)! Just my point of view.Cheers!

 

It is still accumulating at this stage.. The ammo of BB has not been fully utilize... We shall see...

 

From the chart, looks like the share is in consolidation phase - a classic pennant is forming. It might surge to 21 cents once breakout. Let's be patient,

 

Today trading volume at 3.6m and price range of 17 to 17.5 cents doesn't seems to surprise Frontliners who has been holding this stock. Good news one after another start flowing in still did not give the price the boost many expected.

Only consolation is the firm is heading the right direction. Right ingredient for future growth whereby the revenue and profit will starts ringing and then the price will take care of itself. For the long haul???? maybe, but definitely a counter to hold onto with iron faith. Cheers.