| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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domanic
Elite |
14-Aug-2015 10:15
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All good.. I really appreciate your sharing genuinely. Cheers
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earlybird14
Supreme |
14-Aug-2015 10:14
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Bro, this is not the issue of rich or not rich. Anyway, my purpose is just sharing, sometimes, I have to admit, I am too offensive.  Bro, Good luck.
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domanic
Elite |
14-Aug-2015 10:06
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I' m not as rich as you bro.. but managed to survive for many years so don' t worry about me .. Cheers currently only small position everywhere 90% cash.
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earlybird14
Supreme |
14-Aug-2015 10:05
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Hahaha, funny.  Other counters? which one is hotter than Genting for short term players who are playing with CFD today? Penny Stock? no thank for me, I have no clue at all for their movement, This is same as playing a blackjack with a banker which he can see all the cards, but you can' t. How you are going to earn some money from it?
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domanic
Elite |
14-Aug-2015 10:01
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Maybe we should compliment the management for being the best firefighters in SGX board. Noble etc all failed..  |
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domanic
Elite |
14-Aug-2015 09:58
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all the best 
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earlybird14
Supreme |
14-Aug-2015 09:57
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Never ask you to buy and hold. Just buy for the technical bounce. 5 to 7 cents? no enough for you? but good for me. 
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earlybird14
Supreme |
14-Aug-2015 09:56
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without filling the gap, it won' t be down further since share buy back is there and Genting don' t have anything, they have cash.  Although company is making loss but actually the result is close to breakeven cost. Bear in mind, in term of cash flow issue, Genting is low debt, low debt result less interest payment, good for cash flow.  What i am trying to tell you is there are more thing to judge a stock up or down, instead of purely judging from the loss or earn.  Anyway, process in filling the gap, want it down further, wait for the gap to fill first. Want it up further and back to 90 or 1 dollars, in short term this is not possible unless Genting Management really launch 10 to 20% share buy back which is using about 1 billion cash to do it. If I am Lim, I will do it when it is 60 cents. WHy not? you are the one want to sell at low, why they want to rescue those investors who has lose faith to him. Good luck, I am enjoying the gap to be fill to 85 to 87 and hope it can give me some surprise to 90. 
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domanic
Elite |
14-Aug-2015 09:55
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Won' t short it now .. I can wait .. But buying it is definitely out of the picture. Cheers |
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earlybird14
Supreme |
14-Aug-2015 09:48
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Casino business is not that kind of business that you spend more money in the business it can improve, it is purely a luxury type of business, market boom, it boom, market down, it down. Market not badly crash but affected by China policy and weaker economic. It just take time for all these to pass. 4.2billion of cash. can buy 50% of share at current price. It is a lot of money. Genting daily average trading volume is 17M only 0.142%, to spend all the 4.2billion, it take 352 days to buy the 50% of share. So, share buy back launch will only affect the cash flow a little only. Genting has gap to fill before next down if the business is bad continually. If the gap is filling fast, 85 to 87 is the level it will fill, otherwise, it would take weeks to fill between 78 to 81. So buy at 79 is a good bargain for whoever expect a 5 to 7 cents gain. Short it? you must find a good reason from now on. May be expect market crash?
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pinkowl
Supreme |
14-Aug-2015 09:36
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I login early, wanting to hedge my position, thiking it may plunge today. Seems like no need to do so yet. |
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domanic
Elite |
14-Aug-2015 09:31
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loss making still spend cash on buying back shares not core business?
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FATABA
Supreme |
14-Aug-2015 09:26
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Agree...time will tell.  There is no catalyst ....Korea Juju is far away. ( Japan casino is talk and talk) Casino income is the main profit driver....and if Visitor/Chinese not coming in volume is tough to see profit growth. Patient wait and see
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earlybird14
Supreme |
14-Aug-2015 09:23
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So long as 79 can be supported, expect to see 85 to 87 next week if share buy back launch from today.  
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domanic
Elite |
14-Aug-2015 09:19
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next few days you' ll know liao haha |
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fortunecat
Master |
14-Aug-2015 09:18
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that' s how BBs earn our hard earn money lor, by catching you unexpected and not letting you see an obvious trend  If every stock profit goes up, loss goes down then no one will lose money liao :(
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earlybird14
Supreme |
14-Aug-2015 09:17
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Even dump, won' t be drop like that time issue profit warning, because management will share buy back.   
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earlybird14
Supreme |
14-Aug-2015 09:16
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Since profit warning release, Genting cannot launch any share buy back. After result release, market wait and see if dump coming or not, but it didn' t. so can only force to buy up and expect the share buy back come in. Again, Cash of 4.2billion play a part and continue positive cash flow for operation support Genting from no crashing.
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FATABA
Supreme |
14-Aug-2015 09:12
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Maybe push up to throw down . Be careful
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domanic
Elite |
14-Aug-2015 09:10
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the answer is ' ah gong'
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