ShareJunction - Member Posts

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If pump and dump, this share would not last at this price level for so long. BBs do not have the patience to last more than one month.

It is more like the share is grossly undervalued in the past, due to lousy contracts and bad management. Things have changed for the better and this share should be worth at least 10 cents. NAV per share is 18 cents.

More discussion at investingnote. Have a look :-)

valuebuyer ( Date: 28-Jun-2017 07:58) Posted:

From $0.019 shoot up to $0.143, wha ever target price already hit liao, mission achieved.
So now is time to run before BBs fully unload, my last warning .

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haha. ok.

Adtower ( Date: 27-Jun-2017 21:58) Posted:

Ok buy 100 lots support u la tml

dav781 ( Date: 27-Jun-2017 21:55) Posted:

You are welcome to join me :-)

I am vested at 9.1 cents

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The volume of naked sell is transparent. Just look at SGX data everyday. rather low.

Shifu8888 ( Date: 27-Jun-2017 22:28) Posted:

Naked sell and buy back within the day no need borrow scrip. This is a kelong stock for sure. Agree to certain extent that it's accumulation at 91 / 92 but bb will pump and dump. Dump with them, this is what I meant.

dav781 ( Date: 27-Jun-2017 20:12) Posted:

First, there are no scrips from CDP to borrow to short.

Second, there are no CFDs to short Chasen.

Third, according to SGX data, there are limited naked short-selling for Chasen every day. In fact, most of the days are zero.

People are selling out of fear or profit-taking, which is normal. But this should come to an end soon. Price stabilizing at around 9.1 and 9.2 cents and I see accumulation now.

Most importantly, Chasen is backed by fundamentals

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You are welcome to join me :-)

I am vested at 9.1 cents.

Adtower ( Date: 27-Jun-2017 21:52) Posted:

Tml I buy a bit for fun ok?

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We shall see :-)

Anyway, i just invested in Chasen. Have been watching this for a while. Previously too focused on Ley Choon.

valuebuyer ( Date: 27-Jun-2017 20:52) Posted:

Ya ya ya , Chasen very good fundamental, so please hold, don't sell, so that BBs can run road first, haha.

dav781 ( Date: 27-Jun-2017 20:16) Posted:

There was no bull run for Singapore small caps recently. They did go up, but not as significantly as in many other markets.

For every Chasen out there, there are your Yuuzoo and Rowsley.

In SGX, those small caps that surged up and stay there are there for a reason -- good fundamentals. Those without good fundamentals would have went back down almost immediately

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There was no bull run for Singapore small caps recently. They did go up, but not as significantly as in many other markets.

For every Chasen out there, there are your Yuuzoo and Rowsley.

In SGX, those small caps that surged up and stay there are there for a reason -- good fundamentals. Those without good fundamentals would have went back down almost immediately.

valuebuyer ( Date: 27-Jun-2017 19:58) Posted:

The bull run is end, please wake up, any rebound is the opportunity to run.

dav781 ( Date: 27-Jun-2017 17:51) Posted:

At the end of the day, it is still about funamentals.

Among penny stocks in Singapore, Chasen has good fundamantlas and moved up recently for a reason.

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First, there are no scrips from CDP to borrow to short.

Second, there are no CFDs to short Chasen.

Third, according to SGX data, there are limited naked short-selling for Chasen every day. In fact, most of the days are zero.

People are selling out of fear or profit-taking, which is normal. But this should come to an end soon. Price stabilizing at around 9.1 and 9.2 cents and I see accumulation now.

Most importantly, Chasen is backed by fundamentals.

Shifu8888 ( Date: 27-Jun-2017 20:06) Posted:

Not just that. Any rebound presents opportunity to sell your current holding but also to short it down. Target price $0.06. My pov.

valuebuyer ( Date: 27-Jun-2017 19:58) Posted:

The bull run is end, please wake up, any rebound is the opportunity to run.

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Ratios
Chasen Holdings Limited (SGX:5NV) has a Price to Book ratio of 0.528931. This ratio is calculated by dividing the current share price by the book value per share. Investors may use Price to Book to display how the market portrays the value of a stock. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 3.212674, and a current Price to Earnings ratio of 13.046228. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

Checking in on some valuation rankings, Chasen Holdings Limited (SGX:5NV) has a Value Composite score of 2. Developed by James O&rsquo Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 7.

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At the end of the day, it is still about funamentals.

Among penny stocks in Singapore, Chasen has good fundamantlas and moved up recently for a reason.

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There is a reason for everything.

A string of Hong Kong stocks suddenly plunged Tuesday, with traders pointing to links between some of the companies and a brokerage that&rsquo s under regulatory investigation.

valuebuyer ( Date: 27-Jun-2017 17:41) Posted:

HK penny crash today, the penny rally is over, prepare to run, once break below $0.091, will Lao sai all the way.
Don't dream too much, keep the cash, keep the hope.

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There are accmulation at 9.1 cents to 9.3 cents area. Sellers are getting lesser too :-)

Don' t worry, there is so much Chasen can drop. By the next result annoucement, all would be fine.

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Retracement should be over soon.

Fundamentals of Chasen are good with high NAV per share (at 9.1 cents, only 50% of NAV per share!!) and it managed to clinch quite a few relocation business recently. Among its 3 core business, relocation business is the one with the highest profit margin.

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Just be clearer. I am not cursing anyone who is vested.

I am just warning other small time investors from chasing up and falling into the trap set up by those that created the fake queues. If those in the queues are so bullish, they should either buy up themselves or not disappear every time people sell down.

Pls take note.

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And even if LC becomes an all-star like Chasen, 12 consecutive days of green or break-even?

I know market not rational, but still.......

I leave this to your own conclusion :-)

dav781 ( Date: 22-Jun-2017 11:24) Posted:

Like I said many times, Chasen has a NAV per share of 18 cents, but LC only 2.68 cents.

As you mentioned, must be good contracts from good clients. What makes you so confident that the 170+m order book are good contracts and good cilents?

Anyway, LC went into trouble in the past because they hads problem executing their projects well, projetct over-run, extra costs etc. They used to have $200m order book, but still went into restructuring. They have not proven themselves on this part.

LC does not many more assets to sell to bail themselves out if they mess up again this time.

I am waiting for LC to prove itself with its results, not just an annoucement of $51m contracts.

pool100 ( Date: 22-Jun-2017 11:12) Posted:

If LC has restructured all their debts and have no on-going concern going forward, and has secured good contracts from good clients in the pipeline, then it is undervalued at current price levels.

And yes I think they are a turnaround story and will trend up again like chasen.

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Like I said many times, Chasen has a NAV per share of 18 cents, but LC only 2.68 cents.

As you mentioned, must be good contracts from good clients. What makes you so confident that the 170+m order book are good contracts and good cilents?

Anyway, LC went into trouble in the past because they hads problem executing their projects well, projetct over-run, extra costs etc. They used to have $200m order book, but still went into restructuring. They have not proven themselves on this part.

LC does not many more assets to sell to bail themselves out if they mess up again this time.

I am waiting for LC to prove itself with its results, not just an annoucement of $51m contracts.

pool100 ( Date: 22-Jun-2017 11:12) Posted:

If LC has restructured all their debts and have no on-going concern going forward, and has secured good contracts from good clients in the pipeline, then it is undervalued at current price levels.

And yes I think they are a turnaround story and will trend up again like chasen.

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I am not sure when the BBs are sick of playing with LC and let go. Beware of falling knife.

My thoughts.

dav781 ( Date: 22-Jun-2017 10:54) Posted:

Somehow my gut feel is that the BBs are not interested in accumulating, but pushing up the price only.

Because whenever someone starts selling, the queues start to disappear. This is true for almost every level.

I am worried that small investors are trapped in this game. The BBs create false buy queues and the small retailers go in blindly to help push up prices. The BBs are holding on to this stock from a much lower price and they just want to see how high they can push.

NEVER CHASE UP, especially after 12 days.

pool100 ( Date: 22-Jun-2017 10:47) Posted:

Ley Choon is being accumulated at this level by the BBs. A lot of retailers sold down between 45-47 these few days but it' s still being held up by the BBs. Probably accumulating for a big push later.

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Somehow my gut feel is that the BBs are not interested in accumulating, but pushing up the price only.

Because whenever someone starts selling, the queues start to disappear. This is true for almost every level.

I am worried that small investors are trapped in this game. The BBs create false buy queues and the small retailers go in blindly to help push up prices. The BBs are holding on to this stock from a much lower price and they just want to see how high they can push.

NEVER CHASE UP, especially after 12 days.

pool100 ( Date: 22-Jun-2017 10:47) Posted:

Ley Choon is being accumulated at this level by the BBs. A lot of retailers sold down between 45-47 these few days but it' s still being held up by the BBs. Probably accumulating for a big push later.

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Indeed.

But BBs also want some retracement to help them accumulate at a lower price. Honestly, 12 consecutive days of all green or break-even?

I don' t think LC is such an all star at the moment.

pool100 ( Date: 22-Jun-2017 10:47) Posted:

Ley Choon is being accumulated at this level by the BBs. A lot of retailers sold down between 45-47 these few days but it' s still being held up by the BBs. Probably accumulating for a big push later.

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It is just a matter of time shortists will come in in a big scale. My thoughts.

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we shall see :-)

Integrity ( Date: 22-Jun-2017 10:09) Posted:

Your first sentence already answered your question. U are fighting against the strong tide, not wise.

dav781 ( Date: 22-Jun-2017 10:06) Posted:

We cannot expect Ley Choon to have 12 consecutive days of increase or break-even, right?

Even all star stocks like Chasen have days in red in between.

I am talking about common sense now. But again, I might be wrong.