ShareJunction - Member Posts

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I bought back at 6.5 and 6.6 cents :-)

hopefully, it is the right move.

tonytan44 ( Date: 05-Feb-2018 16:26) Posted:

0.065 throw down didnt go support?

x 0

And i would not have sold out if not for the US situation. The US situation, coupled with a loss in upcoming results (likely to be released this week), is likely to trigger a knee jeck reaction.

tonytan44 ( Date: 05-Feb-2018 11:07) Posted:

long term players usually dont look at short term. haha. longer term maybe this stock can drift down to 0.065

x 0

I will come back in if it hits that low :-)

tonytan44 ( Date: 05-Feb-2018 11:07) Posted:

long term players usually dont look at short term. haha. longer term maybe this stock can drift down to 0.065

x 0

Sold out 1.7 million shares at 6.8 cents today. US stock market situation and upcoming result announcements (which is likely to be a loss, as they have no income for now) make me think that it is better to hold cash for now.

x 0

Good to know that there is another big investor out there willing to pay 8 cents per share for Imperium. This shows its fundamental value.

As for Henry, he still owns more than 10 percent of the company. And he made profits selling at 8 cents per share. His average cost per share is around 7.2 cents only. And he is a responsible BB, did not sell on the cheap and his married deal was the catalyst for the price increase yesterday.

ruready ( Date: 29-Jan-2018 21:20) Posted:

Why sold? I thok he keep buying n I?m very confident on him so also Ma be follow him buy more, now I just want to know he win or cut lost?

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Let' s wait for announcement. To see what is going on with the married deal. Most importantly, who bought it? :-)

x 0

Don' t look at such short term time frame. If you into contra and cannot hold, then this share is really not for you.

shyeo1223 ( Date: 29-Jan-2018 15:41) Posted:

Back to 73-74 range. Now you understand what I mean :-)

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Knowing Imperium, the short sellers will come out once this share goes up by a few cents. Let' s burn all short-sellers today. Make them short sell and then buy up at a higher price to close their positions by end of the day :-)

x 0

let' s see :-)

chanbs ( Date: 29-Jan-2018 06:53) Posted:

The word " definitely" can kill you by blinding you

dav781 ( Date: 24-Jan-2018 19:05) Posted:

I think flushing should be over soon. At 7.1 cents, it is around the average price of major shareholder Henry Wee already. This time around, I don&rsquo t think it will go down to 6.2 to 6.4 cents level. The selldown volume simply not there.

There will be strong support at 6.8/6.9 cents level. If u follow this stock, you will remember 10 million shares changed hands at 6.9 cents within an hour just 2 to 3 weeks ago.

I entered today again at 7.1 cents. Upside potential definitely much higher than downside now.

Of coz, I entered with the mentality that I might need to hold for a while. This stock is not for contra players. Don&rsquo t sabo yourself and me :-)

x 0

30 million shares changed hands at 8 cents!!

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At first I thought game over, a huge selldown at 7.1 cents.

However, strong buy-ups at 7 cents and 7.1 cents after the huge sell-down showed that demand is there. While Imperium closed today at 7 cents, you can see that there was no more queue at 7.1 cents and the respective sell queues all the way to 7.9 cents were not big. I also see strong support at 6.8 cents to 7 cents.

At the same time, the huge sell-down should be someone on contra, considering today is exactly T+5 from last Friday when Imperium hit the peak of 7.9 cents and trading volume was high. Since this Monday, trading volume had been low (consolidation phase) and I do not foresee such shocks (huge selldown) in the coming days.

From a TA perspective, seems like a cup and handle formation is forming. If not for the huge sell-down nearing to the close today, the formation of the handle would have been much clearer. If it is indeed a cup and handle formation, expect a huge surge soon :-)

I am looking forward to next week!

shyeo1223 ( Date: 26-Jan-2018 16:02) Posted:

As I mentioned previously, this is a big cb share.lol

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You must calm down and look at fundamentals. All penny stocks move up and down quickly, thats the excitement of them. But eventually, fundamentals decide if it is an eventual uptrend or downtrend.

I don' t think Imperium is that good, but it is definitely under-valued at current price. So I will hold on :-)

shyeo1223 ( Date: 25-Jan-2018 10:34) Posted:

Not too convinced it won' t drop further. Anyway, no point for long term investors to invest in such a stock: one day up 5 cents then next day dropped 6 cents. Basically no capital gain over long term.

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I think flushing should be over soon. At 7.1 cents, it is around the average price of major shareholder Henry Wee already. This time around, I don&rsquo t think it will go down to 6.2 to 6.4 cents level. The selldown volume simply not there.

There will be strong support at 6.8/6.9 cents level. If u follow this stock, you will remember 10 million shares changed hands at 6.9 cents within an hour just 2 to 3 weeks ago.

I entered today again at 7.1 cents. Upside potential definitely much higher than downside now.

Of coz, I entered with the mentality that I might need to hold for a while. This stock is not for contra players. Don&rsquo t sabo yourself and me :-)

NextEvolution ( Date: 24-Jan-2018 17:01) Posted:

Still got retailers holding this from 7.9 down? All eagle-eyed holders already booked $$ and run off last Fri liao. Flushing should continue for a few more days

NextEvolution ( Date: 19-Jan-2018 10:25) Posted:

This run-up for nearly 2 weeks game over.

Wait for price to RESET then reload..... Huat A

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Observe the vol carefully. The sell-down volume this week is actually quite low, while the buy-up volume during last week and the week before was high. Much of the shares in the hands of BBs. Cleating out weaker hands this week and should go back up again :-)

x 0

Must have holding power for this stock. If contra, might be played out by the BBs.

Fundamentals is good (relative to price), so if you are not on contra and can hold for at least a few weeks or so, this share has excellent potential.

shyeo1223 ( Date: 23-Jan-2018 15:25) Posted:

This is really one big fxxx ccb share. Price like see saw up down up down. Whoever still bearing hopes in this share should just move on to other shares with better potential.

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And in stock market, many things change in 3 months. Especially for penny stocks.

if u want me to give consistent target price that will last a longer time, I can give u for Singtel, Capitaland etc.

dav781 ( Date: 29-Nov-2017 10:02) Posted:

And this was before the company made the announcements on their new and lower NAV per share after they sold all their Japanese properties.

I am a just normal investor, not insider. I based my target price on announcements by the company and other open source info.

If u buy share based on what people said in the past and don&rsquo t keep track on the latest developments, you are bound to lose money.

investshare ( Date: 29-Nov-2017 09:16) Posted:

3 months ago.

dav781
Senior Posted: 23-Aug-2017 17:40
x 0
x 0 Don' t worry, as long as you jeep below 12 cents, you will be fine.

Hopefully you can hold for a few weeks and not contra kind :-)

lynmin0197 ( Date: 23-Aug-2017 17:26) Posted:

I also have but bought at a high price :

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And this was before the company made the announcements on their new and lower NAV per share after they sold all their Japanese properties.

I am a just normal investor, not insider. I based my target price on announcements by the company and other open source info.

If u buy share based on what people said in the past and don&rsquo t keep track on the latest developments, you are bound to lose money.

investshare ( Date: 29-Nov-2017 09:16) Posted:

3 months ago.

dav781
Senior Posted: 23-Aug-2017 17:40
x 0
x 0 Don' t worry, as long as you jeep below 12 cents, you will be fine.

Hopefully you can hold for a few weeks and not contra kind :-)

lynmin0197 ( Date: 23-Aug-2017 17:26) Posted:

I also have but bought at a high price :(

dav781 ( Date: 28-Nov-2017 20:58) Posted:

That was how long ago? I cashed out at around 11 cent previously. I am very open about my transactions. I update regularly on investingnote.

As for why my target price dropped recently, that is because the company announced some paper loss selling its Japanese properties. And my target price moved accordingly.

I came back into Imperium after its share price dropped to 7 cents, which was too good for me based on my new target price. Much more upside than downside.

I am only sharing my analysis here. If you think what I said do not make sense, pls disregard

x 0

That was how long ago? I cashed out at around 11 cent previously. I am very open about my transactions. I update regularly on investingnote.

As for why my target price dropped recently, that is because the company announced some paper loss selling its Japanese properties. And my target price moved accordingly.

I came back into Imperium after its share price dropped to 7 cents, which was too good for me based on my new target price. Much more upside than downside.

I am only sharing my analysis here. If you think what I said do not make sense, pls disregard.

investshare ( Date: 28-Nov-2017 20:27) Posted:

7.5cent you in the black, and you tell other buying below 12 is good?

dav781 ( Date: 28-Nov-2017 17:52) Posted:

I have strong belief in Imperium. I did not sell when I was more than $5k in the black at 7.5 cents this morning. Why?

1. While Imperium reports its results half-yearly, we can make an educated guess of its current NAV per share. After selling all its Japanese assets, its NAV per share is about 7.6 cents (in fact, should be slightly higher than this number as one of the transactions is actually contributed positively to NAV per share). On the other hand, 38% of its enlarged share capital was bought in at 12.5 cents via placement. Taking both into consideration, NAV per share should be around 62% x 7.6 + 38% x 12/5 = 9.5 cents.

2. Imperium' s reputation took a beating recently due to accusations that it was working with external parties to artificially boost up share prices. In the end, the whistle-blower website had to apologise. While what Imperium did might sound manipulative/wrong, if you read the emails and announcements carefully, what it did is actually not illegal and in fact quite common among listed companies, especially the mid-sized and smaller ones. I choose to look at this episode positively -- the management of Imperium is working hard to improve share price.

3. MOU with Unusual. Unusual is a well-known company in Singapore (SPH is a shareholder) and its willingness to collaborate with Imperium shows that Imperium is actually a legit company with a sound/serious investment in Wonder Stone Park, Shandong..

4. SSH in the background, always ready to support share price. There was a 15 million queue at 6.9 cents before lunch break this morning. Henry Wee, the biggest shareholder, bought some shares from the market at 7.2 cents and above apiece recently.

I would not even consider selling (not even part of my shareholding) at less than 8 cents.

x 0

I have strong belief in Imperium. I did not sell when I was more than $5k in the black at 7.5 cents this morning. Why?

1. While Imperium reports its results half-yearly, we can make an educated guess of its current NAV per share. After selling all its Japanese assets, its NAV per share is about 7.6 cents (in fact, should be slightly higher than this number as one of the transactions is actually contributed positively to NAV per share). On the other hand, 38% of its enlarged share capital was bought in at 12.5 cents via placement. Taking both into consideration, NAV per share should be around 62% x 7.6 + 38% x 12/5 = 9.5 cents.

2. Imperium' s reputation took a beating recently due to accusations that it was working with external parties to artificially boost up share prices. In the end, the whistle-blower website had to apologise. While what Imperium did might sound manipulative/wrong, if you read the emails and announcements carefully, what it did is actually not illegal and in fact quite common among listed companies, especially the mid-sized and smaller ones. I choose to look at this episode positively -- the management of Imperium is working hard to improve share price.

3. MOU with Unusual. Unusual is a well-known company in Singapore (SPH is a shareholder) and its willingness to collaborate with Imperium shows that Imperium is actually a legit company with a sound/serious investment in Wonder Stone Park, Shandong..

4. SSH in the background, always ready to support share price. There was a 15 million queue at 6.9 cents before lunch break this morning. Henry Wee, the biggest shareholder, bought some shares from the market at 7.2 cents and above apiece recently.

I would not even consider selling (not even part of my shareholding) at less than 8 cents.

x 0

Around 80% of the rights are underwritten. Read the annoucements in SGX :-)

nngeeh ( Date: 27-Nov-2017 08:31) Posted:

Bro, this is a non-underwritten rights issue.

dav781 ( Date: 27-Nov-2017 08:14) Posted:

Why I am confident about CWX?

1. Oil price (Brent) is currently above US$63 and should stay above US$60 in the near future.
2. Rights issue price at $0.009, undertaken by a few SSHs (which include the Chairman).
3. NAV per share after share placements and rights issue is US$0.0168 cents (S$0.0225).
4. The above NAV per share is calculated when oil price around was US$50. Now, oil price is above US$60. I expect NAV per share to be slightly higher.
5. The company has no debt or liquidity issue, unlike Noble. In fact, it will be flushed with cash after the rights issue, which is underwritten. So it should not be trading at less than 50% NAV per share. This does not make sense.
6. From its recent results report: " With the production application (&ldquo PA&rdquo ) for one of the three successful wells drilled being approved by the Department ofMineral Fuels of Thailand (&ldquo DMF&rdquo ) in October 2017 and through discussions with the DMF for the other two wells, the Group is expecting these three new wells to go on stream by end of 2Q FY2018. The addition of the new wells is expected to increase the current production volume by more than double, and coupled with the current recovery in oil prices, the Group is expecting to turn in a better financial performance going forward."

Why the share price is doing so badly now?

1. Recent weakness in all penny stocks.
2. Rights issue creating concerns among investors, as new business (fund investing) is not clear-cut and easy to understand.
3. Sell-down by some SSHs, who did not want to continue to invest more $$$ in the company for the new business.

Let' s see :-)