GMG Global   

The Hidden Gem

Tokyo, Oct. 13. Rubber futures on the Tokyo Commodity Exchange turned lower Friday..

 

Tokyo Rubber Futures Turn Higher in Morning After Early Weakness

Tokyo, Oct. 12. Rubber futures on the Tokyo Commodity Exchange turned higher on buybacks and bargain hunting Thursday morning.

 

Tokyo, Oct. 11. Rubber futures on the Tokyo Commodity Exchange lost further ground Wednesday, pressured by selling on the back of sharp falls in oil futures.

 

Kottayam , Oct. 10. Steep declines in Japanese markets depressed the domestic rubber prices on Tuesday. On the physical front RSS 4 declined to Rs 84 and Rs 84.50 respectively at Kottayam and Kochi from Rs 85 a kg on buyer resistance.

 

Export prices for rubber expected to bounce back

http://www.vneconomy.com.vn/eng/?param=article&catid=07&id=806978ae691ca2

 

To members who are in a quandary on this stock, perhaps this will help to put things in perspective.

I reviewed the past performances of the company and correlated their average selling price per MT to the average price of rubber over that period.



                     Co. Ave SP              Ave CV(MRB)       Corr Factor

                       USD/MT                    MR/kg            

FY2004 -        2,089                          555.83                  3.76

FY2005 -        2304                           626.08                  3.68

HY2006 -       2999                            830.31                  3.61



Using an ave corr factor of  3.68 and ave 3Q CV price of 922.6, my estimate of GMG 3Q SP is USD3395/MT. Furthermore, if rubber prices remains at about  current level, my estimate of GMG 2H 2006 ave SP will be about USD 3235/MT.



Rehashing the 2H P&L based on this assumption, I figure the Profit attributable to Shareholders at approx S$18.2 mil. This works out to be about eps of 0.9cts.



Add 1H 2006 eps of 0.75, then est FY2006 eps is 1.65cts per share.



At todays shareprice of 8.5cts, my estimate FY2006  P/E is 5.2X. and NAV of approx 12.0 cts. 



This is my personal opinion....and I am vested. Figures will change (up or down) should rubber prices fluctuate too much in 4 Q.

 

 







Kottayam , Oct. 7. Spot rubber recorded sharp gains ridden by supply concerns. Various fundamental factors including weather alerted the consuming sectors to procure the raw materiel offering better quotes.

 

Kottayam , Oct. 6 Strengthening international markets and incessant rains all over the plantations triggered a sharp bull run in domestic spot rubber on Friday. .

 

6/10/2006 per 100 Kg
BANGKOK
RSS-1		8,694.00	+62.00	190.20	+2.55

Continue uptrend!

 

Tokyo, Oct. 6 Rubber futures on the Tokyo Commodity Exchange held on to the early gains Friday morning with the most active contract rising to a new listing-to-date high for two days in a row.

 

Stockking ... you're really a rubber fan aren't you?

:)

 

■ Tokyo Rubber Futures Buoyant, Key Contract Hits New High

Rubber futures on the Tokyo Commodity Exchange gained ground on broad buying Thursday with the most active contract scaling a new listing-to-date high.

 

Kottayam , Sept. 30







The rubber futures were slightly firm on NMCE. Traders seem to expect a better opening on Monday as TOCOM was in a buying mood towards closing in the weekend session.

 

Still very active...there is still money to be made!!

 

Looks like I've to keep  this in cold storage as I  bought  at 0.105 for  90 lots  sigh!

 

Hi,

With many other counters available, this counter is cooling off, no longer in the interested radar, so do not waste time la !

 

Kottayam , Sept. 27

Physical rubber prices showed a better trend on Wednesday. Covering groups began to buy at lower levels following a recovery consecutively for the second day in TOCOM. The trend gathered momentum from an improvement in oil futures and yen's weakness against dollar

 

Rubber Price as on 28/9/2006 per 100 Kg
CATEGORY		IN RS		IN USD
		Price	Change	Price	Change
RSS-1		8,497.00	+378.00	183.35	+6.86

Technical rebound?

 

Rubber prices may dip to Rs 70-75 level

Fall in line with global trend; futures signal decline

Reasons for fall
Major reason for fall is shift by user industries from natural rubber to synthetic rubber
Forecast of a lower GDP growth in the US, Japan and Europe.

http://www.blonnet.com/2006/09/27/stories/2006092703020800.htm

 

Kottayam , Sept. 23

Rubber prices slipped further as selling continued Saturday. According to sources, rumours that the market might seek further lows in the days ahead led to increased sales.