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Latest Posts By Lucky03 - Elite      About Lucky03
First   < Newer   2101-2120 of 2207   Older>   Last  

09-Dec-2013 11:59 Neptune Orient L Rg   /   NOL       Go to Message
x 0
x 0 		That will have to wait for the new year since they are probably on holiday now !

sgng123      ( Date: 09-Dec-2013 11:53) Posted:

wait for European fund manager they the one moving shipping stocks.
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09-Dec-2013 11:50 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		That's make it sounds like a bet on Blumont may pay off ! LoL :) IPCO is a proxy so lower risk and lower gain.

qwertyuiop00      ( Date: 09-Dec-2013 11:39) Posted:

If ipco didn't want to cash out its profits on blumont when it was trading at $2+, but yet at the current situation, transferred in more blumont shares from sun spirit group, does it mean they are expecting more to come from blumont? Afterall blumont haven't started its mining activities on copper and uranium yet. Just some thoughts...
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09-Dec-2013 11:35 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		If IPCO ended green or even at 0.017, we may have seen its worst. Assess and enter with the assumption of a worst case scenario that their investment in Blumont is written off and should set the floor.

QSL unlikely to let go IPCO and I hope they didn't pledge in IPCO for any of the margin financing that will result in any forced selling down the road.

guoyanyunyan      ( Date: 09-Dec-2013 10:47) Posted:



...look like holding well enough so far... so monitor and decide when to act or ...

...wait for its unaudited Half Year Financial Results released on or before 15 Dec...
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09-Dec-2013 09:45 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		Looks like my have seen the worst of IPCO. The profit warning has apparently been factored in.
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09-Dec-2013 09:11 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		The entire portfolio of Blumont can't be higher than its 4 subsidiaries - ESA, Excellent, Asia Plan and IES. So even if write off, it's NAV should not be affected by more than 20% ? The question lies in how they priced their fair value recognition and if overly zealous in recognizing at current traded price which was too risky and unstable.

Octavia      ( Date: 09-Dec-2013 09:05) Posted:

IPCO profit warning for 1HFY14, due to declines in the value of its financial assets, most significant of which is its 9.74% stake in Blumont.
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09-Dec-2013 08:33 Neptune Orient L Rg   /   NOL       Go to Message
x 0
x 0 		Many positive news for NOL and expecting it to move soon.
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08-Dec-2013 21:41 Neptune Orient L Rg   /   NOL       Go to Message
x 0
x 0 		China Exports Rise More Than Estimated to Four-Year High
By Bloomberg News
December 08, 2013 2:02 AM EST 2 Comments
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China?s exports rose more than estimated in November, pushing the trade surplus to the highest in more than four years in a sign global demand is helping sustain a recovery in the world?s second-biggest economy.
Outbound shipments rose 12.7 percent from a year earlier, the General Administration of Customs said today in Beijing. That exceeded estimates from 41 of 42 analysts surveyed by Bloomberg News. The trade surplus of $33.8 billion was the biggest since January 2009, while imports gained 5.3 percent, compared with a median projection of 7 percent.
The export figures reflect pickups in shipments to the U.S., Europe and South Korea, according to customs data. Stronger demand from abroad may give Premier Li Keqiang more room to implement reforms to increase the role of markets in the economy while helping meet the 7.2 percent annual growth pace he says is needed to ensure stable employment.
?There are signs that the global activity and trade cycle is gaining momentum, driven by the recovery in high-income countries,? Louis Kuijs, chief China economist at Royal Bank of Scotland Group Plc in Hong Kong, who previously worked at the World Bank, said in a note. ?China?s exporters are benefiting from that.?
Imports show ?solid expansion of China?s domestic demand,? with prices declining from a year earlier, Kuijs said.
Analysts? estimates for export gains ranged from 2.1 percent to 13.2 percent, with a median projection of 7 percent. The median estimate for the trade surplus was $21.2 billion.
Stocks Gain
The Shanghai Composite Index (SHCOMP) rose 0.7 percent last week for a fourth straight gain after the Communist Party?s Nov. 9-12 summit in Beijing, where leaders agreed on the broadest policy shifts since the 1990s. The yuan strengthened to 6.0817 per dollar.
Overseas shipments rose 5.8 percent from October on a seasonally adjusted basis, compared with a 3.8 percent decline in the previous month, customs data showed today.
Exports to the U.S. advanced 17.7 percent in November from a year earlier, the fastest pace since May 2012, while shipments to the European Union were up 18.4 percent, the most in more than two years, based on data compiled by Bloomberg.
China?s foreign-exchange regulator said yesterday that it will increase scrutiny of trade financing and that banks should prevent companies from getting financing based on fabricated trade. The measures are aimed at preventing abnormal foreign-exchange flows, the State Administration of Foreign Exchange said in a statement posted on its website yesterday and dated Dec. 6.
May Crackdown
The latest statement follows a crackdown that began in May after trade data were inflated for several months on fake invoicing used to disguise capital inflows.
Similar practices may be happening again, adding upward pressure on the yuan and complicating the central bank?s liquidity-management efforts, said Chang Jian, China economist at Barclays Plc in Hong Kong.
Year-over-year growth figures in exports overstate gains by about 1 to 2 percentage points because of last year?s over-invoicing, RBS?s Kuijs said.
Steve Wang, chief China economist in Hong Kong at Reorient Financial Markets Ltd., said today?s data don?t suggest the figures are inflated because the gains didn?t come in categories that previously correlated with suspicious practices.
Export Orders
It remains to be seen if the overseas momentum will continue, with a previous purchasing managers? survey showing new export orders are ?not as strong as what people had hoped,? Wang said.
Economic growth may cool to 7.6 percent this quarter following a rebound in the previous period from a two-quarter slowdown, based on a Bloomberg survey last month.
Today?s data also showed that China, the world?s largest buyer of iron ore, increased imports of the steel-making ingredient to a record in November as traders replenished stockpiles. ?Robust imports of major commodities are in line with the consistently strong industrial production growth data points,? Wang said.
The trade figures kick off a series of November data releases, with the statistics bureau set to report tomorrow on inflation and the following day on industrial production and retail sales, along with fixed-asset investment for the first 11 months of the year. Figures on new yuan loans, aggregate financing and money supply are due from the central bank over the coming week.
Previously released surveys of purchasing managers showed this month that service-industry expansion cooled in November, while an official gauge of manufacturing was unchanged from October and a separate one from HSBC Holdings Plc and Markit Economics fell.
To contact Bloomberg News staff for this story: Scott Lanman in Beijing at slanman@bloomberg.net
To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@blo
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08-Dec-2013 18:56 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		Prepared to continue to collect to 0.008. That has been its lowest over last 5 years or historical low. The floor has been average 0.02 and that's the benchmark for most of the funds raised over last 1 year.

Lucky03      ( Date: 07-Dec-2013 16:48) Posted:

I have a buy q at $0.015. Let's see if I'll get it next week.

guoyanyunyan      ( Date: 07-Dec-2013 15:52) Posted:

...will see next week can the strong support level $0.015 withstand the impact of Profit Warning...


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07-Dec-2013 16:48 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		I have a buy q at $0.015. Let's see if I'll get it next week.

guoyanyunyan      ( Date: 07-Dec-2013 15:52) Posted:

...will see next week can the strong support level $0.015 withstand the impact of Profit Warning...

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07-Dec-2013 13:31 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		Most of recent placements and funds raising for IPCO is around $0.02.

Lucky03      ( Date: 07-Dec-2013 13:30) Posted:

Thanks ! The IPCO book is all paper money.... The almost 10 folds jump in profit booked last year and attributable largely to fair value recognition may be reversed out. Should focus on those tangible performance of its 3 main lines of business in circuit boards (hopefully the recovery of economy and event up tick in electronic manufacturing augurs well), its China natural gas development which has just signed a new 30 yrs contract plus its property development in Seattle, USA for the revival of the property market.

cccx123      ( Date: 07-Dec-2013 13:26) Posted:

Coming August.. Need to wait very long to bang some tables, eat some food and grill some directors. There hasn't been any force selling of Ipco or Innopac shares so far. Think the 2Q result is 15 Dec or earlier.
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07-Dec-2013 13:30 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		Thanks ! The IPCO book is all paper money.... The almost 10 folds jump in profit booked last year and attributable largely to fair value recognition may be reversed out. Should focus on those tangible performance of its 3 main lines of business in circuit boards (hopefully the recovery of economy and event up tick in electronic manufacturing augurs well), its China natural gas development which has just signed a new 30 yrs contract plus its property development in Seattle, USA for the revival of the property market.

cccx123      ( Date: 07-Dec-2013 13:26) Posted:

Coming August.. Need to wait very long to bang some tables, eat some food and grill some directors. There hasn't been any force selling of Ipco or Innopac shares so far. Think the 2Q result is 15 Dec or earlier.

Lucky03      ( Date: 07-Dec-2013 13:08) Posted:

QSL holds 1.35% o IPCO. Hope she didn't also pledged in IPCO for share financing and kena forced selling too. There is also no clarity on what IPCO used to pledge for share margin financing that is paying 6-8% interest per annum. Hope they will issue clarification and reassure shareholders in their Q2 result to be issued by 15 Nov. When is the next AGM ?
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07-Dec-2013 13:08 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		QSL holds 1.35% o IPCO. Hope she didn't also pledged in IPCO for share financing and kena forced selling too. There is also no clarity on what IPCO used to pledge for share margin financing that is paying 6-8% interest per annum. Hope they will issue clarification and reassure shareholders in their Q2 result to be issued by 15 Nov. When is the next AGM ?
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07-Dec-2013 01:24 Neptune Orient L Rg   /   NOL       Go to Message
x 0
x 0 		Which one should we be looking at ? Transpacific Rate or Baltic Dry Index ?

Drewry's Eastbound Trans-Pacific Rate Drops Again

JOC Staff | Dec 05, 2013 10:44AM EST

The Drewry benchmark rate for shipping from Hong Kong to Los Angeles eroded further this week, holding on to only $50 of the $250 per 40-foot-equivalent unit increase it achieved mid-November.


ascend88      ( Date: 06-Dec-2013 22:25) Posted:

Baltic Dry Index (BDI) +31 2176

ascend88      ( Date: 05-Dec-2013 21:44) Posted:

Baltic Dry Index (BDI) +151 2145


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06-Dec-2013 22:14 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		The CEO should resign voluntarily due to conflict of interest. If she holds a significant shares of Blumont, her judgement of the financial treatment and executive judgement on any asset disposal or increase has a high probability of being marred by her personal holdings. Unacceptable !

guoyanyunyan      ( Date: 06-Dec-2013 21:07) Posted:



PROFIT WARNING

The Board of Directors of Ipco International Ltd (the Company) wishes to announce that the Company, together with its subsidiaries (collectively, the Group), is expected to report a loss and asset impairment for the half year ended 31 October 2013. This is primarily attributable to declines in value of Financial Assets, of which the most significant is the Groups holding of 9.74% of the issued share capital of Blumont Group Ltd (Blumont).

On 7 October 2010, Asia Plan Ltd, in which the Group holds a 70% equity interest and which is engaged in real estate development near Seattle in the state of Washington, USA via its wholly-owned subsidiary Capri Investment L.L.C. (Capri), entered into a Conditional Sale and Purchase Agreement (S& P) with Blumont Group Ltd, a company whose shares are listed and quoted on the Main Board of the SGX-ST, and Blumonts subsidiary company, Phelago Holdings Pte Ltd, to sell 37 finished lots held by Capri for an aggregate purchase consideration of S$2.96 million. Upon completion of the transaction on 28 September 2011, the group received 137,956,868 shares of Blumont (70% of the total of 197,081,240 shares issued to Capri) at a price of S$0.015 per share. At the time this represented 10.93% of Blumonts issued share capital, in addition to the 26 million shares previously held by the Group.

Revenue and profits from the Companys operating subsidiary Excellent Empire Ltd, which distributes natural gas in four cities in Hubei Province, PRC, have continued to show improvements.

The Group is in the process of finalizing its unaudited Half Year Financial Results for FY2014, which will be released on or before 15 December 2013 and will contain further details.

In the meantime the Board of Directors wishes to advise shareholders and potential investors to exercise caution when dealing in the shares of the Company.

BY ORDER OF THE BOARD
Carlson Clark Smith
Executive Director and Chief Financial Officer
6 December 2013

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06-Dec-2013 21:58 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		If the recent falls have taken into consideration the anticipated profit warning, as we all know that the inside news would have been leaked out given the history of these companies that it may be the good time to pick up at current price for mid to long term return. The sell on good news may work the reverse here.

Lucky03      ( Date: 06-Dec-2013 21:53) Posted:

This whole thing about fair value accounting is really stupid unless the company plans to realize it though near term disposal. It resulted in wild swing that is beyond the control of the company since it may not be able to exercise executive control and it does not correlate to the operating performance of the company and its business. I suppose the loss now depends on the value that it used when recognizing the fair value back then and the more, the higher 'loss' despite its natural gas business continuing to improve. Just paper money !
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06-Dec-2013 21:53 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		This whole thing about fair value accounting is really stupid unless the company plans to realize it though near term disposal. It resulted in wild swing that is beyond the control of the company since it may not be able to exercise executive control and it does not correlate to the operating performance of the company and its business. I suppose the loss now depends on the value that it used when recognizing the fair value back then and the more, the higher 'loss' despite its natural gas business continuing to improve. Just paper money !
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06-Dec-2013 20:24 Renaissance United   /   Neglected, Illiquid, Undervalue, Recovery counter       Go to Message
x 0
x 0 		????

Laggard      ( Date: 06-Dec-2013 19:43) Posted:

PROFIT WARNING!!!
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06-Dec-2013 00:52 Neptune Orient L Rg   /   NOL       Go to Message
x 0
x 0 		ECB holds rate at 0.25% amid fragile eurozone recovery

[FRANKFURT] The European Central Bank held its key interest rate at a record low of 0.25 per cent on Thursday, while raising its forecast for the eurozone's gradual recovery despite prolonged low inflation.
Like central banks in the United States, Japan and elsewhere, the ECB has used super-low rates and injected liquidity into the financial system to encourage lending and thereby boost investment and consumer spending.
ECB President Mario Draghi said the cheap money would keep flowing, reiterating that he expected "key rates to remain at present or lower levels for an extended period of time".
"Our monetary policy stance will remain accommodative for as long as necessary, and will thereby continue to assist the gradual economic recovery in the euro area," he said.
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06-Dec-2013 00:20 Neptune Orient L Rg   /   NOL       Go to Message
x 0
x 0 		Just read the Dec Corporate Guide from UOBKH and it recommends BUY for NOL.
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05-Dec-2013 08:49 Neptune Orient L Rg   /   NOL       Go to Message
x 0
x 0 		NOL will surge ?
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