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881-900 of 1302
yes,if there is value in it,whether there is growth in this industry
Minerals ore/gem/stone are natural resources that are scarcity not infinite like paper money
seanpent ( Date: 03-May-2013 07:48) Posted:
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if you look at the Stochastic, it's way oversold region..
if you look at the MACD, it's already consolidating at $0.205 bottom, rebounding possible?
Any expert can comments on this..
pauming ( Date: 30-Apr-2013 18:12) Posted:
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If supposing today this Innopac's diamond business thing is a fresh new IPO at 20cts or 20.5cts, will one subscribe for it ?
seanpent ( Date: 03-May-2013 07:48) Posted:
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Hor ..... I see your point ..... e.g. overwhelming market demand sometimes has the share price debuting way above its IPO pricing .....
Suppose diamonds business within a niche category ? But I do think Earth materials (especially precious category which are low in availability) are depleting if world population explode .....
Suppose diamonds business within a niche category ? But I do think Earth materials (especially precious category which are low in availability) are depleting if world population explode .....
soulcries ( Date: 02-May-2013 23:54) Posted:
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yesterday Merlin stock shoot 14%.
Hope innopac will follow it today
Hello based on 7million carat at us345 dollars sales worth imply it is a 3b sales.
Assuming 15% net margin then we are talking abojt 450million profit which is currently the market cap of innopac.
If u include inflation n discount to get NPV
the net worth of stockstill around 20cents.
The only holy grail that will make innopac jump isthe future raw diamond price.
Assuming 50% upside from now which is possible base on reduced mining for diamond then huat ah.
But aa far as TA is concerned clearly looks like it is going to shoot up rather than down
Assuming 15% net margin then we are talking abojt 450million profit which is currently the market cap of innopac.
If u include inflation n discount to get NPV
the net worth of stockstill around 20cents.
The only holy grail that will make innopac jump isthe future raw diamond price.
Assuming 50% upside from now which is possible base on reduced mining for diamond then huat ah.
But aa far as TA is concerned clearly looks like it is going to shoot up rather than down
overall i would say it is good news
1) first,The takeover is successful
2) Diamond business is profitable
3)Even if the fair price is 0.1975,but if it is profitable ppl may still buy at a premium,likely to say 10%-20% for growing of diamond industry
0.2175 /Pay premium 10% in hope for diamond profitable business in the future(growth 20%-50%)
0.237 /Pay premium 20% in hope for diamond profitable business in the future(growth 50%-100%)
4) most of the stock counter does not necessary at their fair price,it is much more based on business structure and profitability.
seanpent ( Date: 02-May-2013 21:17) Posted:
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Sorry ... I mean can any experts or SIFUs offer help on the above ?
seanpent ( Date: 02-May-2013 21:17) Posted:
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Isn't it that market laymen mostly forgotten the "goodwill" thing or the "potential" thing ? What about going forward, what the new developments will turn out ? So suppose it's probably much much more than the mathematical figure of 0.1975 ??
Can experts or sidus offer help on the above ?
Can experts or sidus offer help on the above ?
pauming ( Date: 02-May-2013 20:31) Posted:
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http://sg.finance.yahoo.com/news/innopac-secures-42-52-acceptance-114000623.html
It is stated " According to the Bidder's Statement issued by Innopac on 26 March 2013, it is offering 1.67 new Innopac Shares for every 1 Merlin Share, which implies a value of AUD0.2542 per Merlin Share (based on a volume-weighted average price (" VWAP" ) of SGD0.1975 per Innopac Share and the prevailing foreign exchange rate on the latest practicable date of trading before the date of the Bidder's Statement, being 21 March 2013)."
Does it mean innopac share price is only worth SGD 0.1975?
If it is then no wonder there is selling pressure to SGD 0.20
Any comment?
Good news. If take over fails, confirn lao sai
is this a good news or a sell after announcement out?
h0ly0wl ( Date: 02-May-2013 17:40) Posted:
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INNOPAC HOLDINGS LIMITED
(formerly Inno-Pacific Holdings Ltd)
(Incorporated in Singapore)
(Company Registration No. 197301788K)
UPDATE ON THE PROPOSED TAKEOVER BID FOR UP TO 212,147,063 ORDINARY FULLY PAID
SHARES REPRESENTING THE ENTIRE ISSUED AND PAID UP CAPITAL OF MERLIN DIAMONDS
LIMITED (THE “PROPOSED TAKEOVER”)
CHANGE IN ACCEPTANCE PERCENTAGE AND SUBSTANTIAL INTEREST IN THE ISSUED AND
PAID UP CAPITAL OF MERLIN DIAMONDS LIMITED
Innopac Holdings Limited (the “Company”) refers to the announcements of 31st January, 26th March, 2nd
April, 15th April, and 18th April 2013 (the “Announcements”).
Save as otherwise defined, all terms used in the Announcements shall have the same meaning
when used in this announcement.
The Board of Directors of the Company is pleased to announce that as at 1 May 2013, holders of
74,749,366 shares, representing 42.52% in the issued and paid up capital of Merlin Diamonds Limited
(“MED”), have accepted the takeover offer as set out in the Company’s Bidder’s Statement dated 26
March 2013.
The Company has lodged a notice with the Australian Securities Exchange (“ASX”) of its change of
deemed substantial interest in MED.
BY ORDER OF THE BOARD OF
INNOPAC HOLDINGS LIMITED
Wong Chin Yong
Managing Director & Chief Executive Officer
2 May 2013
Merlin shares has reach parity with innopac.
This is expected .
This is expected .
| Last: | 0.14 | On last volume: | 1'382 | (14:13:30) | |
| Tot. cum. volume: | 6'666 | (14:13:31) | On cum. volume: | - | |
| Tot. cum. turnover: | 933 | (14:13:31) | On cum. turnover: | - | |
| Bid: | 0.14 | (14:13:31) | Bid size: | 33'334 | |
| Ask: | 0.15 | (12:13:52) | Ask size: | 5'551 | |
| Open: | 0.14 | (10:44:00) | |||
| Prev. day close: | 0.145 | (30.04.13) | Prev. day change: | ||
| Prev. day tot. cum. vol.: | 109'946 | (30.04.13) | |||
| Year change %: | |||||
| Prev. year close: | 0.2 | ||||
Seems innopac have purchase in open market 28% of merlin shares
28June is when offer lapse, base on straight line projection, it appears that they will achieve their target in another two months.
Legend international holdings holds 44% as of last year but announce in mar13 they sold 19.9% of merlin shares to agreed parties, I believe this is sold to Innopac.
Hence the deal is considered already done, part still confused over the spider web of Joseph Gutnick holdings in both merlin and innopac
Just got a feeling this shrewd business will never let merlin falls outside his control after it become innopac business.
otherwise we are screwed
http://www.merlindiamonds.com.au/resources/i/docs/asx/Innopac-010513.pdf
Is this considered good news or bad news? Any comment?
CONdemned stock...looking at it for a few wks, cock block.
good luck..
nt vested
FearValueGreed ( Date: 30-Apr-2013 23:10) Posted:
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Today sell down at 205 was totally an ambush.
Still the 20cents is a very important parallel line.
Once break convincingly would mean end game.
But always look on bright side.
Only afraid the merlin deal cannot get thr.
Till date only 7% kns.
Still the 20cents is a very important parallel line.
Once break convincingly would mean end game.
But always look on bright side.
Only afraid the merlin deal cannot get thr.
Till date only 7% kns.
If I look at the chart and moving average, the movement is not in our favor who have bought this counter.
Hope it will not break 0.20 and will turn better on Thursday after the holiday.
2gether ( Date: 30-Apr-2013 16:52) Posted:
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