$ ChinaESave   

China Enersave

Halt, then +1cts to 17cents on news of placement shares at 16.5cents. Anyone here can share what will become for CEnerSave year end 2006, up or down before and after placement??.

 

Sorry,

Please ignore posting below China Essence.into Enasave thread. - Started a new thread.

 

China Essence Gp

 

Westcomb 05.04.06                                  Buy call            Target             0.81

Westcomb 25.05.06                                  Buy                               0.95

Phillip S    17.04.06                                  Buy                               0.855

Phillip S    23.05.06                                  Buy                               0.855

Colsing 23.06.06                                                                      0.565

 

Ref Sat S.T. 24.06.06 Money- More woes for China stocks if Pre IPO Investors sell shares

   Listing             13.02.06

Merchant B            HLFin

Issue Price            0.45

PreIPO Inv            0.238

Portion

In lock up            2.2%

 Read your comments earlier.

Do you share the view of the Analysts (Westcomb & Phillip Sec) ?

Thanks

 

It is acquiring a 51% stake in Yima Jinjiang Energy Comprehensive Utilisation Co, which owns a 270MW power plant in China, for US$45m. It plans a share placement to raise US$40m.

China's economy is growing rapidly and its needs many power plants for its industries. CEnerSave will benefit. I think buy after its share placement. 

 

What happen ?? almost all stock is green, this one is red, any reason??!!.. not even black (sideway)

 

what happen to cnersave ? jus when it is moving, it trading sideway, even to 16 cts, should be a good penny stock to watch. i think so.

 

Alamak!!! since along time neber mention this stock liao, seem more ppl getting interested in this, support is seem coming from just under 15 cents and now going for 19 cents ?? or 22cents ??. old news, they just bot a china enegry company and need some US$41 million, i think so.

 

look like maybe i hv a small chance to get into this stock, down 1cts to 175cts, a stock hv to hold awhile to hv some kopi$$$

 

Well solid testing at 18cts liao SubFatt in KuanTong Hua Woww....seem no chance to buy at low px, my entry is let say 17cts.

 

Extracted from my blog http://kelongstocks.blogspot.com Please remember to "support" my blog Fundamental Analysis Profits fell compared to prior year due to disposal of the Group's interest in Home Furnishing and Manufacturing divisions in the second half of FY2004 as well as reduced revenues from provision of engineering services and supplies to the Huizhou WTE project. Post results announcement, 17.338m shares were issued to acquire new subsidiary Golden Way Holding. Value Capital Asset Management Limited has converted a total of 76,961,991 shares from its allocation of $30m unsecured non-interest bearing convertible notes due in 2011, so far only $8.95m worth of notes converted, potentially 181m more to be converted. Assuming full conversion of notes and new shares issued, additional new shares for 2006 would amount to about 275m. 2 biomass projects to begin in 1H FY06 but no material impact on earnings for FY06. Huizhou waste-to-energy project to commence in 2H 2006. FY06 earnings will probably be uninspiring but going forward, the Huizhou waste-to-energy project and biomass plants should contribute positively to earnings due to demand in PRC for renewable energy. .........continued at my blog

 

HI Gallen, Cnersave forum?? good, good, oredi said it going to test 20/22cts, if it cross it support line btw 145cts to 165cts and now no problem targeting Px of 18cts tmr. A v v stiff resistent here beyond 185/19cts B4 going beyond $0.20cts, needless to worry too much as big boys is vested oredi, but will hv to wait for awhile

 

Extracted from my blog http://kelongstocks.blogspot.com Please remember to "support" my blog when you visit :) Fundamental Analysis to be posted tomorrow morning before 9am. [B]Technical Analysis[/B] Chart shows prices recovering from recent lows of 10 cents in end May 05. Prices have broken out of what looks like an extended triple bottom formation (from May 05 to Mar 06), with each bottom getting higher. Ttechnical target for breakout from this formation is 18.5 to 19 cents. Consolidation over past 3 days ahead of stiff resistance band as mentioned below: Resistances: 18.5/19/19.5/20 cents (prior resistances established in Jan 05, Sep 04, May 04 and Jan 04. Supports: 17 cents (recent base), 16 cents (recent support and resistance turned support), 14.5/15 cents (resistance turned support, also EMA 50) ...........continued at my blog