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6761-6778 of 6778
With most of the indexes down, and the price keeps to bottom 1/3 of the range 95c -96.5c, i.e at 95.5c, contra to buy lunch & dinner.
Preserve capital. Cut !!
40 minutes left. Will not cut loss. Sian....have to pay up. Hoping for a better tomorrow. Actually never play this counter before, but saw it quite attractive and went in. 1st time and kena. Never again!
Something is against me, everytime I see a counter down, I dont buy, it went up, and kept repeating for a few times. So when it went down again, I went in and it never go up again! Jinx.
Maybe guys here can play the opposite of me!
hope 2moro can smell some....and more! cos today itchy backside got burn.......
7667, One degree 15 in Sentosa got stationary yacht for rent. But I think its too low for jumping. Will look for some other alternatives.
With today rally, I still smell no smoke.... cannot believe it.....
Naproxen...i die oso...maybe one of this day we meet at the tallest building or luxury yacht?...
Its too late its too late..... I still waiting for $1.01.
7667, I dont want to average down anymore. Average too many counters, losses keep adding up. Just waiting for the chance to breakeven and let go all my shares.
this counter aldy start of its bear trench, do not go in. short play only
In times like this... one of the safer investment is to BUY BLUE CHIPS, KEEP WARM WARM and Switch off the PC and forget about shares...!! =) Haha...
Hope you dont catch a falling knife.. its painful.. cos cheap will become cheaper.. better to throw before FED cut rate cos after 18 March , i think its going to free fall again.. US not doing well.. might be in a recession now..
Just my 0.00001 cent of opinion..
hope it dun drop so much 2moro.....tis counter oredi killed me once, which bought 1.15...1.12 50 lots tat day...and hope it dun kill me twice...which bought 20lots at $0.93 today.....
I guess the i juz trying to console myself....seem like 2moro is another red for this.....Nap will u try avg down when it hit $0.8?or if you have the cash...maybe juz hold on to it....
Can any experts advice on this? I bought at $1.00. I know palm oil prices down. But the fundamental? Should I keep it or cut loss?
Thanks.
Read the wilmar post. I think it should be the same reason - palm oil prices coming down. I'm still holding on to this when I got it at 0.82. thinking of letting go now as counter looks bearish. Sigh.....
Anyone know why the great fall?
FYI oni: closed
| GoldenAgr |
CD |
-- |
1.000 |
0.925 |
-0.075 |
-7.5 |
50,160,000 |
445,000 |
0.925 |
0.930 |
68,000 |
1.010 |
0.910 |
Golden Agri-Resources has burgeoned into an $11b plantation play, thanks to record palm oil prices. Yet, just 7 years ago, it was a $200m company saddled with crippling US$ debt and forced to restructure.
GAR is much stronger today, says its CEO Franky Widjaja, whose family's Sinar Mas Group controls the firm.
To recap, in Apr 2001, GAR said that it stood to lose US$261m of deposits - over a third of its net assets at the time - placed with Bank Internasional Indonesia and its sister bank. The rupiah devaluation of the 1997 financial crisis forced many Indonesian firms into bankruptcy, as their US dollar-denominated liabilities multiplied, while rupiah-denominated assets dwindled. Sinar Mas was no exception, but it held out for a few years.
By 2001, crude palm oil prices had fallen from US$600 a tonne to as low as US$180 per tonne. GAR, with debts of US$400-500m, asked debtors to reschedule, buying itself time, says Nicky Tan, who was hired to help the company restructure in early 2006. As palm oil prices rose - back to US$600 per tonne, and then beyond to today's record US$1,200 - GAR generated enough cashflow to pay its liabilities, and then some.
Moody's gave it a rating of Ba3 (just below investment grade) as of Sep 2006, and upped this nearly a year later to Aa3 - the highest in Indonesia at the time.
the profit so much but give so little back to the shareholders...
11. Dividend
(a) Current Financial Period Reported On
Any dividend declared for the current financial period reported on? Yes.
Name of Dividend: Proposed Final
Dividend Type: Cash
Dividend Amount per Share*: S$0.005 per ordinary share (tax exempt)
Number of Shares*: 9,975,903,792
Tax Rate: Nil
Name of Dividend: Interim
Dividend Type: Cash
Dividend Amount per Share: S$0.01 per ordinary share (tax exempt)
Number of Shares: 4,987,951,896
Date of Payment: 13 June 2007
Tax Rate: Nil
* Based on number of ordinary shares of 9,975,903,792, after adjusting for the sub-division
of shares as approved by shareholders in the Extraordinary General Meeting on 15
February 2008.
(b) Corresponding Period of the Immediately Preceding Financial Year
Any dividend declared for the corresponding period of the immediately preceding financial
year?.
Name of Dividend: First and final
Dividend Type: Cash
Dividend Amount per Share: US$0.014 per ordinary share (tax exempt)
Number of Shares: 2,493,975,948
Par Value of Shares: US$0.10
Tax Rate: Nil
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February 25, 2008, 10.15 pm (Singapore time) 
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Golden Agri posts US$1.16b profit for 2007
By MATTHEW PHAN
GOLDEN Agri Resources, the world's second-largest planter of palm oil by area, has reported a 147.5 per cent rise in net profit to US$1.16 billion for the year ended Dec 31, 2007, thanks largely to a fair value gain in its plantation assets of more than US$800 million.
Excluding the gain, core earnings came in at a more modest US$353 million, though this was still more than three times the US$98 million earned in FY2006.
Revenue grew 65.8 per cent to US$1.87 billion, helped by record crude palm oil prices.
International selling prices in 2007 averaged US$775 a tonne, some 63 per cent higher than in 2006, when the average selling price was US$475 per tonne, according to Golden Agri.
'It's a golden era for Golden Agri,' said Franky Oesman Widjaja, its chairman and chief executive. 'Every day is a new record (in palm oil prices).'
Food-related demand from China and India is increasing about 20 per cent a year, he said. Shortage of supplies is exacerbated by the transfer of soya and rapeseed oil to biofuel production, helped by heavy subsidies.
The group projects 2008 capital expenditure of between US$350 million and US$500 million, depending on whether it can complete certain acquisitions, Mr Widjaja said. Earnings per share were US$0.24 for FY2007.
For the full story, please read The Business Times on Tuesday
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