HanKore Env   

HANKOREcontinuation wedge(bullish)target 6-7c soon

Nope...   He didn't increase his stake today... just that he got allocated his placement shares today. 

 

But he already owned more than 200 million shares before the placement. So this bring his stake in the company to > 10%.   I think he is the investor buying up the stake divested by firstree...

cccx123      ( Date: 13-Aug-2013 19:26) Posted: Hmm.. So Mr Wang enlarged his stake today. Explains the high volume today. Though I don't really understand how he managed to increase his stake by 293 million today on a volume of much less than that. Unless he bought some during the previous two trading days? SGX only requires disclosure after three days I believe. Erm.. I wanted to write SGX not just because someone is manipulating the short sell disclosure blatantly, but also due to the fact that if someone is not actually short selling, he is probably releasing shares into the public market without public revelation. This is a more serious matter. In addition, the impact of someone accumulating more than 17.71% of HK will force an immediate redemption of the notes. Though I guess on the other hand, someone with the capability to do so will probably be able relieve David of his duties as executive chairman. In any case, Mr Wang seems to like nice number, hence an exact 500 million share ownership lol. On a serious note, this is his vote of confidence. It will give him a lot more say in the running of the company too!

 

I can't open the PDF file attachment on my iPhone but you sure he adds another 293m shares or it is just a confirmation of his earlier placement shares as a major shareholder now and to confirm that they are now formally registered and quoted on the main board effective today ?

cccx123      ( Date: 13-Aug-2013 19:26) Posted: Hmm.. So Mr Wang enlarged his stake today. Explains the high volume today. Though I don't really understand how he managed to increase his stake by 293 million today on a volume of much less than that. Unless he bought some during the previous two trading days? SGX only requires disclosure after three days I believe. Erm.. I wanted to write SGX not just because someone is manipulating the short sell disclosure blatantly, but also due to the fact that if someone is not actually short selling, he is probably releasing shares into the public market without public revelation. This is a more serious matter. In addition, the impact of someone accumulating more than 17.71% of HK will force an immediate redemption of the notes. Though I guess on the other hand, someone with the capability to do so will probably be able relieve David of his duties as executive chairman. In any case, Mr Wang seems to like nice number, hence an exact 500 million share ownership lol. On a serious note, this is his vote of confidence. It will give him a lot more say in the running of the company too!

 

Hmm.. So Mr Wang enlarged his stake today. Explains the high volume today. Though I don't really understand how he managed to increase his stake by 293 million today on a volume of much less than that. Unless he bought some during the previous two trading days? SGX only requires disclosure after three days I believe.

Erm.. I wanted to write SGX not just because someone is manipulating the short sell disclosure blatantly, but also due to the fact that if someone is not actually short selling, he is probably releasing shares into the public market without public revelation. This is a more serious matter.

In addition, the impact of someone accumulating more than 17.71% of HK will force an immediate redemption of the notes. Though I guess on the other hand, someone with the capability to do so will probably be able relieve David of his duties as executive chairman.

In any case, Mr Wang seems to like nice number, hence an exact 500 million share ownership lol. On a serious note, this is his vote of confidence. It will give him a lot more say in the running of the company too!

 

[BRUSSELS] Industrial output in the 17-nation eurozone bounced back sharply in June, another pointer that the single currency bloc is finally edging out of recession, official data showed on Tuesday.
With overall growth figures for the second quarter due on Wednesday expected to show a switch out of recession, eurozone industrial production in June output jumped 0.7 per cent from May when it fell 0.2 per cent.
Compared with June 2012, the eurozone gained 0.3 per cent, the Eurostat statistics agency said.
For the full 27-member European Union, June output rose 0.9 per cent from May when it dropped 0.4 per cent. Compared with a year-earlier, EU industrial production added 0.4 per cent.

Lucky03      ( Date: 13-Aug-2013 18:49) Posted: Europe industrial production rallies and the economy expected to finally recovers. Old habits will die hard and they will soon be increasing importing from China again which will mean China factories will start churning again. This will mean more waste water to treat and China government will demand stricter compliance and grade A emmssion standard plus sludge treatment too. Hankore is definitely ready to take the growth in its stride.

 

Europe industrial production rallies and the economy expected to finally recovers. Old habits will die hard and they will soon be increasing importing from China again which will mean China factories will start churning again. This will mean more waste water to treat and China government will demand stricter compliance and grade A emmssion standard plus sludge treatment too. Hankore is definitely ready to take the growth in its stride.

 

after the placement, HK go a different way and all the way go down and even below 5cts. I take this as BB just test the bottom and take as many share as possible and from that and may slowly climb at 0.2-0.3cts per day. who knows. of course it will be much more better if it can go up 100% immediately after placement. But every stock has its own character. it may can climb longer and higher. patience is the key

 

You have a point, smile67.

smile67      ( Date: 13-Aug-2013 15:29) Posted: Hankore is a S-share and penny stock. U keep on asking SGX to look into it.If u don't believe the data of SGX, then don't use it. without these data, we still do the trading until recently. I am huge HK supporter also, I like its business.IF u think it cheap, buy it. Why bother SGX to disturb the market? let the market decide and concentrate on your trading. SGX will never make money for us.No personel offense. I learn a lot from U, Lee and Luck03 in Money talk.

 

Ya lah, don't stir the hornet's nests or else the hornets will come and sting everybody. Also it will also frighten the BBs and then they pull the brakes. No more fun and action, then die lah for all vested...hahaha.

spathway      ( Date: 13-Aug-2013 14:59) Posted: In my opinion, it is not something wrong with the company, but with the buyer/seller. Or perhaps SGX has to work harder to enforce his own rulles Jfierce      ( Date: 13-Aug-2013 14:48) Posted: eh.. u all keep writing in to sgx. if they suspend the stock and the BBs dont play it anymore.. isnt that even more game over for everyone vested?

 

It's really a torture!

 

Hankore's placement never got price to go up much.   Look at Tritech's   placement shot up 30 cents...Really haut arh..

smile67      ( Date: 13-Aug-2013 15:29) Posted: Hankore is a S-share and penny stock. U keep on asking SGX to look into it.If u don't believe the data of SGX, then don't use it. without these data, we still do the trading until recently. I am huge HK supporter also, I like its business.IF u think it cheap, buy it. Why bother SGX to disturb the market? let the market decide and concentrate on your trading. SGX will never make money for us.No personel offense. I learn a lot from U, Lee and Luck03 in Money talk.

 

Hankore is a S-share and penny stock. U keep on asking SGX to look into it.If u don't believe the data of SGX, then don't use it. without these data, we still do the trading until recently. I am huge HK supporter also, I like its business.IF u think it cheap, buy it. Why bother SGX to disturb the market? let the market decide and concentrate on your trading. SGX will never make money for us.No personel offense. I learn a lot from U, Lee and Luck03 in Money talk.

 

Agree with Jfierce. We can't conclude any wrong doing as I illustrated below that in the extreme case, the total volume traded in a day can actually equal the total Sell Short for the day although I can't comprehend the economic of such actions. The point is that it is a mockery of the Daily Short Sell statistic as it may fail to illustrate the intended picture if there are any false information, intended or otherwise, esp when read and erroneously interpreted by retail investors.

cccx, perhaps we can take turn to share our opinion with SGX as public feedbacks with valid reasons for concern :)

Lucky03      ( Date: 12-Aug-2013 20:14) Posted: Will have to leave to SGX investigation if indeed there has been any wrong doing. Assuming that 2 persons collaborated or one having control over 2 trading accounts. Account 1 short sell 27m and the Account 2 also short sell 27m and Account 2 turned out to be the buyer of Account 1 short sell while Account 1 then turn around to become the buyer of Account 2 short sell. In this case, total volume traded will remain as 54m and equivalent to the total short sell (27m+27m). Of course this is an extreme example. On the other extreme, if only one party short sell and assuming no act of collaboration and he has to cover back with same account intraday, them the total volume traded for the day must be at least double of what he short sell since he has to buy back with separate trade. Whatever, the unreasonably high short sell is suspicious and worth investigating. spathway      ( Date: 12-Aug-2013 19:35) Posted: Will that be worrying if those are bogus short sell

 

In my opinion, it is not something wrong with the company, but with the buyer/seller. Or perhaps SGX has to work harder to enforce his own rulles

Jfierce      ( Date: 13-Aug-2013 14:48) Posted: eh.. u all keep writing in to sgx. if they suspend the stock and the BBs dont play it anymore.. isnt that even more game over for everyone vested?

 

eh.. u all keep writing in to sgx. if they suspend the stock and the BBs dont play it anymore.. isnt that even more game over for everyone vested?

 

Alright.. I am writing to SGX as well now. Today's buy in volume or lack of volume is incongruent with the volume of short sells and total volume transactions last week.

http://infopub.sgx.com/FileOpen/TodaysBuying-Inon13August2013.ashx?App=Announcement&FileID=251904

 

There are 3 monsters that I'm still learning to live with - Greed, Fear and Regret. They never go away for too long and always come back to haunt once in a while.

Lucky03      ( Date: 13-Aug-2013 14:30) Posted: Hi, Raymond. I'm still learning :) There are so many factors that we can't control so still have to trade with care. raymondlimtt      ( Date: 13-Aug-2013 12:29) Posted: Lucky03, we appreciate your inputs. Thanks a lot. Got so much to learn from u.

 

Hi, Raymond. I'm still learning :) There are so many factors that we can't control so still have to trade with care.

raymondlimtt      ( Date: 13-Aug-2013 12:29) Posted: Lucky03, we appreciate your inputs. Thanks a lot. Got so much to learn from u.

 

Yea that's correct. Since sgx typically conducts its buyin at around 4pm, that is probably when we'll see some action

Lucky03      ( Date: 13-Aug-2013 13:30) Posted: Glad that Hankore is rising. It should rise more but for today, looks like someone wants to settle it around 5.2c. As SGX Buy-In, if any, will e 2 bids higher based on the last prices transacted or yesterday closing, whichever is higher (I believe) will probably peg at 5.4c. I believe 5.4c may ultimately be the closing price today or tomorrow's target. Expecting Hankore to test the higher end of the Bollinger Band and that will mean 6.5c this round. avid1980      ( Date: 13-Aug-2013 13:04) Posted: How do you know? Pls clarify further :

 

Ya. You're right man. Looking at how it chiong this morning and the Market Depth, I'm not convinced that this is what it can only reach today. Ever touched 54 but came down, eventhough seller q is much lower.

Lucky03      ( Date: 13-Aug-2013 13:30) Posted: Glad that Hankore is rising. It should rise more but for today, looks like someone wants to settle it around 5.2c. As SGX Buy-In, if any, will e 2 bids higher based on the last prices transacted or yesterday closing, whichever is higher (I believe) will probably peg at 5.4c. I believe 5.4c may ultimately be the closing price today or tomorrow's target. Expecting Hankore to test the higher end of the Bollinger Band and that will mean 6.5c this round. avid1980      ( Date: 13-Aug-2013 13:04) Posted: How do you know? Pls clarify further :

 

Glad that Hankore is rising. It should rise more but for today, looks like someone wants to settle it around 5.2c. As SGX Buy-In, if any, will e 2 bids higher based on the last prices transacted or yesterday closing, whichever is higher (I believe) will probably peg at 5.4c. I believe 5.4c may ultimately be the closing price today or tomorrow's target. Expecting Hankore to test the higher end of the Bollinger Band and that will mean 6.5c this round.

avid1980      ( Date: 13-Aug-2013 13:04) Posted: How do you know? Pls clarify further :) cccx123      ( Date: 13-Aug-2013 11:44) Posted: At current price, SGX will conduct a buy in at 5.5/5.6cents.. Assuming no other surprises of course.