GMG Global   

The Hidden Gem

Anyone knows why this stock has so high volume today?

 

Kottayam , Sept. 18

Supply concerns due to sustained rains kept spot rubber better on Monday. According to informed circles, the market experienced moderate enquires from major consuming sectors coupled with short covering at lower levels.

 

Kottayam , Sept. 16

Spot rubber rates finished better at the weekend. Covering purchases and enquires from the non-tyre sector kept the market slightly positive as sellers stayed back expecting a recovery in international prices during the week ahead. RSS 4 improved to Rs 82.50 and Rs 83 respectively at Kottayam and Kochi from Rs 82 a kg on Friday.

 

Coonoor , Sept. 15

The Chairman of the Rubber Board, Mr Sajen Peter, does not envisage a drastic fall in the price of natural rubber in the near term.

http://www.blonnet.com/2006/09/16/stories/2006091602990800.htm

 

Kottayam , Sept. 14

Domestic spot rubber prices improved on Thursday. The gains were catalysed by the sustained recovery in international indices especially the sharp bounce back in TOCOM. Covering groups turned active once again at lower levels, while sellers stayed back observing the bullish signals from the global scene.

 

Rubber prices seems to be uptrending the past 2 trading days.

 

Tuesday September 12, 2006


Call to stabilise rubber prices

By HANIM ADNAN

http://biz.thestar.com.my/news/story.asp?file=/2006/9/12/business/15399300&sec=business

 

Thanks Bullrun.

 

http://www.remisiers.org/research//ggl070906dbs.pdf

 

Bullrun,

Appreciate if you can post a link of the DBS report.

............haven't seem your threads for sometime......been busy???

 

kekeke....it is not too difficult to make money from stock market!

DBS released a report today...maintain buy, I guess that why GMG rebound. Meanwhile, NR price continue to correct........

 

Well guys, remember that i predicted GMG will drop 36% to 0.8c before a rebound? i guess bull run should know it the best. well, congratz on those those that waiting for it to drop and bottom.

now is the question: has it really bottom out with today's high volume?

 

Kottayam , Aug 30

Spot rubber declined on Wednesday. A sharp fall in Bangkok spot by Rs 3.67 to Rs 93.62 (Rs 97.29) a kg for RSS 3 hammered the domestic prices amidst sustained buyer resistance. Major manufactures continued to procure sheet rubber at lower levels.

 

Kottayam , Aug. 24

Buyer resistance kept spot rubber subdued on Thursday. The prices declined as buyers rewrote the quotations to lower levels as weather turned more favourable for production.

 

Kottayam , Aug 22

Spot rubber prices continued to rule steady on Tuesday. According to dealers, the market activities were in an extremely low pace lacking quantity buyers or sellers in the main trading centres.

 

Kottayam , Aug 17

Declining overseas markets, especially TOCOM, hammered the rubber prices on Thursday. Sheet rubber dipped to Rs 92.50 against Rs 93 a kg at Kottayam. But the grade was quoted better by 50 paise to Rs 93 a kg at Kochi possibly on covering purchases for immediate delivery.

 

Events that may affect its operations:

1. The sustainability of NR prices at current levels, which could impact on sales.
2. The weather conditions that could impact on production.
3. The strength of the Euro which has a direct impact on operating costs and profitability.
4. The stability of the operating cost which could be adversely affected by any further increases in energy prices and the implementation of new fiscal measures by the African states, where the subsidiaries are based.
5. The political situation in Ivory Coast.

 

  Yes, Nostra, very insightful observation.



   GMG share price mrrored quite closely with crude oil prices. Good prospect for this counter if we believe that oil prices will hit US$80 and above. In the short term, the chart does not seem very good. It may break 10 cents but I reckon that will a good price to go in and bargain hunt after a strong base has been established. Put it on the radar screen now.

 

Natural rubber (NR) prices have been falling for > 1 week. Oil prices have been falling. Synthetic rubber (SR) , made from oil, has also seen its prices falling. Its competitor, NR, is following suit as falling prices will cause some customers to switch to SR.

 

any reasons why the share price is on downward trend?  Thanks.