ShareJunction - Member Posts

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With the disposal of 30% CHO stake, FEG NTA will drop from US16cts to US4.9cts. Such a big drop! Also is only able to partially repay CIMB' s $43mil. Not even anything to do with AmBank demand.

FEG is desperate for cash. Too despareate until willing to sell at such a big losses. Also shows clearly that one of its principle banker is not suporting it. FEG is far from out of the woods yet.

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No news on the AmBank demand? Thought should have some updates a month ago.

sheerluck ( Date: 21-Jun-2018 09:46) Posted:

Company should have an update on the AMBank loan to release within these few days.

sheerluck ( Date: 14-Jun-2018 23:05) Posted:

deadline passed unless these 21 days are only for business day so then will be 21 Jun.

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Very good news indeed. Company has been ripping cash off shareholders from open market in open manner by openly colluding with GEM. Now company di not intend to utilise the remaining committment. Well we will see how long it takes for the company to start another round of fund raising using the same ripping-cash-off-shareholders-from-open-market-in-open-manner-by-openly-colluding-with-whoever approach.

Expect NAV to be about US1.3cts or SGD1.7cts.

I dont think got much meat to short since one less known authorised seller but also limited upside since SG market do not prescribe a premium to this medical tech.

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The US $34billion tariiff already priced. But the retaliation from China not yet. Until now no news from China on their countering which they said will be swiftly after the US tariff. So all wait and see. Market may laso see this " delay" friom China as a softening on China side and may think maybe some sort of last minute deal might be possible.

Actually see HKSE will do. They wil react instatnly once they hear anything. So far seems quiet. SG market a bit kiasi so may still down first then say.

curious_moo ( Date: 06-Jul-2018 11:22) Posted:

hopefully sino-us trade war is already priced in over the last 2 weeks and we shall not see too big a gap down in the afternoon...
*fingers crossed*

famouspinky ( Date: 06-Jul-2018 11:04) Posted:

Worst than ww

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All to brace yourself for 12.01pm today....not Star Wars, no War of the Worlds..... but Sino-US trade war......

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Coming towards $15.87 another important fib level......

sheerluck ( Date: 03-Jul-2018 09:34) Posted:

Looks like Venture has settled comfortably into the $15.87-$18.82 range. Lets see what will happen after the 6 July tariff brings. May see US DOW down tonight if investor take money off table in view of the 4 July independence Day + the looming 6 July tariff due date.

sheerluck ( Date: 20-Jun-2018 09:37) Posted:

Just now tested previous low with xD effects @$17.9. I think typical fib rebound level of 61.8% @ $18.82 gone liao. Next critical level will be $15.87. Will $15.87-$17.9 be the next trading range until the next major event causing it to shift

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Looks like Venture has settled comfortably into the $15.87-$18.82 range. Lets see what will happen after the 6 July tariff brings. May see US DOW down tonight if investor take money off table in view of the 4 July independence Day + the looming 6 July tariff due date.

sheerluck ( Date: 20-Jun-2018 09:37) Posted:

Just now tested previous low with xD effects @$17.9. I think typical fib rebound level of 61.8% @ $18.82 gone liao. Next critical level will be $15.87. Will $15.87-$17.9 be the next trading range until the next major event causing it to shift?

sheerluck ( Date: 19-Jun-2018 14:40) Posted:

Gone case liao. $18.5 taken out just like that.

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Company should have an update on the AMBank loan to release within these few days.

sheerluck ( Date: 14-Jun-2018 23:05) Posted:

deadline passed unless these 21 days are only for business day so then will be 21 Jun.

sheerluck ( Date: 12-Jun-2018 00:51) Posted:

So the AmBank deadline is looming. I guess most has forgotten already

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If Blackrock wants so.

sbscap ( Date: 20-Jun-2018 10:50) Posted:

Think the unthinkable. Fall to 10?

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At current price of $17.52, just a 10% drop will reach $15.87 and Venture is so volatile that this is possible within 2-3 days.

sheerluck ( Date: 20-Jun-2018 09:37) Posted:

Just now tested previous low with xD effects @$17.9. I think typical fib rebound level of 61.8% @ $18.82 gone liao. Next critical level will be $15.87. Will $15.87-$17.9 be the next trading range until the next major event causing it to shift?

sheerluck ( Date: 19-Jun-2018 14:40) Posted:

Gone case liao. $18.5 taken out just like that.

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Just now tested previous low with xD effects @$17.9. I think typical fib rebound level of 61.8% @ $18.82 gone liao. Next critical level will be $15.87. Will $15.87-$17.9 be the next trading range until the next major event causing it to shift?

sheerluck ( Date: 19-Jun-2018 14:40) Posted:

Gone case liao. $18.5 taken out just like that.

sheerluck ( Date: 19-Jun-2018 14:34) Posted:

Now both DOW and NASDAQ future down by > 1% each. Another counter-repsond from China plus another retaliation from Ducky will cause the market to sell off big time.

Looks like goods price will go up and demand will go down. Many US companies report recorded profit with the help of the tax reform but these once-off effects will be missing from the future reporting and trade war will dampen future growth. Looks like market will be going down soon if dragon and ducky persist their own ways.

Companies with too much fats like Venture and those who are fundamentally weak like our local O& M will be badly affected.

Venture hasnt breached its previous low of $18.5 or ($17.9) although it is getting very close to it.

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Gone case liao. $18.5 taken out just like that.

sheerluck ( Date: 19-Jun-2018 14:34) Posted:

Now both DOW and NASDAQ future down by > 1% each. Another counter-repsond from China plus another retaliation from Ducky will cause the market to sell off big time.

Looks like goods price will go up and demand will go down. Many US companies report recorded profit with the help of the tax reform but these once-off effects will be missing from the future reporting and trade war will dampen future growth. Looks like market will be going down soon if dragon and ducky persist their own ways.

Companies with too much fats like Venture and those who are fundamentally weak like our local O& M will be badly affected.

Venture hasnt breached its previous low of $18.5 or ($17.9) although it is getting very close to it.

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Now both DOW and NASDAQ future down by > 1% each. Another counter-repsond from China plus another retaliation from Ducky will cause the market to sell off big time.

Looks like goods price will go up and demand will go down. Many US companies report recorded profit with the help of the tax reform but these once-off effects will be missing from the future reporting and trade war will dampen future growth. Looks like market will be going down soon if dragon and ducky persist their own ways.

Companies with too much fats like Venture and those who are fundamentally weak like our local O& M will be badly affected.

Venture hasnt breached its previous low of $18.5 or ($17.9) although it is getting very close to it.

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Previous low @ $18.5 but talking into account dividend of 60cts, then $17.9.

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No reason to do rights since compnay is not short of cash. Should do a bonus issue or split.

investshare ( Date: 19-Jun-2018 09:36) Posted:

In fact, the management should do right issue when the share price is high. It is easy money since so many strong supporter and it will boost cash balance.

investshare ( Date: 19-Jun-2018 09:31) Posted:

I would say the management spent the cash recklessly to do buy back. The share price is so much higher than NAV, it is value destruction. Worse share price now even lower.

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After the grest descent from $29.65 since mid-April, Venture has been trading within the 38.2% and 61.8% fib lvl. Now a second time on the 61.8% of @ $18.82 again. Unfortuntaely Nasdaq future is down over 0.5% again. Tough test for Venture. Can the typical 61.8% fib rebound level hold or break?

Ducky quacking quacking at Dragon again. Keeps testing Dragon' s patient. If Dragon really gets pissed off and breathe fire at ducky, turning it into the famous yummy Peking Roasted Duck, then how?

sheerluck ( Date: 24-Apr-2018 09:18) Posted:

Will Fib work here? From low of $12.31 to high of $29.65.
Important Fib level:
38.2% - $22.96
50% - $20.89
61.8% - $18.82

These are the three more common levels. All above still $8 just 1-2 years ago. Those who bought $8 can still sit back and relax. Those who bought $27 and above how?

Venture is just too volatile now. How many $3-$4 movement can you handle?

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deadline passed unless these 21 days are only for business day so then will be 21 Jun.

sheerluck ( Date: 12-Jun-2018 00:51) Posted:

So the AmBank deadline is looming. I guess most has forgotten already.

sheerluck ( Date: 24-May-2018 19:23) Posted:

Set a deadline of 21 day from 23 May (so will be on 13 June) for FEG to pay or AmBank apply to wind it up....... FEG haven' t got enough cash to pay....must borrow more...

FFWong owned more than 5% and if he sells, we will knows but likely to be after 3 days. By then too late for those still holding on. I think tmr can see more people taking their money off this crippled falcon.

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He is aware but is he only aware after investing that AmBank has now demanded payment by 13 June and curgent ruling is in AmBank favour? He should be well aware that FEG does not have enough cash to pay up.

AndyLoss ( Date: 12-Jun-2018 08:46) Posted:

but Mr Wong have already known all this .and inspite of that he invested...so may be knows something we don't...

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So the AmBank deadline is looming. I guess most has forgotten already.

sheerluck ( Date: 24-May-2018 19:23) Posted:

Set a deadline of 21 day from 23 May (so will be on 13 June) for FEG to pay or AmBank apply to wind it up....... FEG haven' t got enough cash to pay....must borrow more...

FFWong owned more than 5% and if he sells, we will knows but likely to be after 3 days. By then too late for those still holding on. I think tmr can see more people taking their money off this crippled falcon.

tonytan44 ( Date: 24-May-2018 17:32) Posted:

wow another demand letter . a nice setup for shortist tomorrow

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Sell signal was out not once but twice. So far very zhun.