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IPO Writeups

Hi gallen, milk on d move again, HL bank did a good job to make d 1st move, telling big boys, next biggest invester, (Dubai investment)to get going now as they hv finish their cessation in support of milk px, so patient holder can see milk going places liao, like yesterday big fund mgr coming in on a buying programs and further talk as an index chances of listing.

 

Fabchem IPO closes tomorrow 12 noon, please remember to check out my IPO analysis at http://kelongstocks.blogspot.com

 

yes, teeth53, think they force the near term support of china milk to break to flush out weak holders, now regained back support and $1 resistance liao

 

China Milk now $1/-, v v resilent

 

sorry, there was a typo in earlier postings, please read the number of shares as 234m instead of 90m, the ratios and figures are correct, only typo error cos i used the template from Albedo, forgot to change :)

 

Fabchem IPO Analysis Extracted from my blog http://kelongstocks.blogspot.com Please remember to "support" my blog, thanks :) [B]Description[/B] Principally engaged in the production and sales of explosives, comprising explosive devices, initiators and detonators. Used in the mining, energy exploration and infrastructure construction industries such as coal mining, hydroelectric construction, oil exploration, road and railway construction and large construction projects such as the Three Gorges Dam. [B]Offer[/B] 59m new shares at 32 cents each. 1.5m public offer shares and 57.5m placement shares. Enlarged share capital is 234m shares. [B]Financials[/B] Historical 2005 P/E (restated based on 90m shares) : 10.7x Forecast 2006 P/E (based on 90m shares) : 7.2x Price/NTA (post IPO, based on 90m shares): 12.55 cents Forecast Price/NTA: 18.2 cents Price/NTA (forecast): 1.75x ..............continued at my blog

 

albedo ??? Jus like Sunshine IPO, quitely at $0.275cts, 1st off d block started off at 33cts, applied 11lots get 5lots when no body is interest, i m in, likely even a lot can hv abit of kopi OOO, Fabchem, hv a likly high gearing, higher yield but oso v diffcult and less chances to get. Apply upto 49lots, may get u 1/2lots. U think loh....ur $$$, ur decision.

 

Albedo Extracted from my blog [url]http://kelongstocks.blogspot.com[/url] Please remember to "reward" me by exercising your mouse and fingers :D [B]Description[/B] Principal business activities are: a. Trading and distribution of steel related materials and b. manufacturing of iron and steel rolls (pig iron and scrap iron are raw materials in manufacturing process) [B]Offer[/B] 33m shares at $0.22 each. 28m new shares and 5m vendor shares, 1.2m public offer shares and 31.84m placement shares. Enlarged share capital is 90m shares [B]Financials[/B] Forecast 2005 P/E (restated based on 90m shares) : 7.07x Forecast 2006 P/E (based on 90m shares) : 5.44x Price/NTA (post IPO, based on 90m shares): 13.5 cents Forecast Price/NTA: 17.8 cents Price/NTA: 1.23x ..........continued at my blog

 

Anyway i m going ahead to try my luck at d ATM for Albedo (22cts) and Fabchem (32cts) good for a stag.

 

Hi scotty, Landwind medical is another one, but has gone up to a high side liao, so will hv to bid ur time and wait for ur chances, px to enter is some where about 43-465cts, if it fall, is for ppl to take profit, if not, it's quite dangerous to enter now at this movement, chk it out, ur $$$, ur decision yah... hope hv kopi $$$.

 

Well, can't think of any yet, but CNersave is still going strong and steady, today closed at 185cts w/one v big deal done (exchange) at 16:40 (5 million shares at 18cts)plus many other deals(million of shares) done at 18cts, so support is about here at 18cts, next test is at 20/22cts, K1 slow and steady, TOoo...to 43cts liao target hit, next target 465cts. Both is equally good, my own personnal opinion is CNersave. A better stock co's it management style model is good for 2006/07, formerly a construction stock to waste to energy stock now and even can charge for energy useage, jus like PUB, but w/in ur mean and holding power.

 

teeth53, any other tips for me?

 

SunEast go up liao to $0.46cts (+3cts) on heavy volume 41.2mil, maybe testing 48/49cts B4 $$$ deciding which way to go, any way, still watching closly on milk to go go go, congrat.. to all vested in SunEast. Jus a reminder, got some profit, take some profit n give some to other.

 

Sorry, just execuse me, some typing error here $40, SunEast px should between $0.40cts ++ to 50cts for this few days.

 

 

still vested w/my placement, oni sold off my one lot for some kopi $$$. A low of 405cts and a high of 56cts, today closed done $0.43cts, up +.005cts, guess some where in d middle is my px to let go 48cts, Cantonese sounded SeiFatt, SeiFatt.

 

Oh one more thing, oso let go of my IPO one lot and oso my plc-ment lots (SunEast) my broker too busy to tell done or not!! i blurrr.. jus sms to thank me $0.435cts, any more order, so i hv not chk w/him yet, if not px of SunEast will hang around btw $40 ++ to about $50cts for this few days.

 

HI Gallen, thank I m not sure isit from House or from conpany!!, got this cover warrant news from dealer from UOBkayhian and oso from KimEng, if it move again like today with good volume following China Dairy, may jus let go of my IPO vested lot(can't wait liao), i still believe it, big boy traded million of share at $1.01 and at $1.02cts today.

 

hi teeth53, you mean broking houses to issue covered warrant or company issue its own warrants? covered warrants generally not a good sign, houses will support it after issuing for a few days, then price will remain stagnant as they have already accumulated enough. still this milk is very resilient, if china dairy continues to advance, this milk will follow suit.

 

China milk coming issue on cover warrant, news i hear it from my dealer, coming, when i don't know yet, Px seem traded so far btw a low of $0.975cts to a high of $01.03cts, if a discount of 10% over it last traded px of $0.995cts, warrant is at 895.5cts per offer, still i prefer on ave $0.88cts (sound Fatt Fatt)over it IPO offer px of $0.62cts (26cts above IPO Px)still a good catch for China milk big boys and alot of room to move beyond it resilent point of $one dollar $O_O$, guess it can even hit above Philips Securities recommendaton px $1.21cts when x for milk to move, a double income $$report season to bosses.