| Latest Forum Topics / Imperium Crown Last:0.007 -- |
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BIG M&A COMING?
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dav781
Senior |
17-Feb-2018 21:04
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I don&rsquo t think Imperium crown is an excellent company. But at current share price of 6.2 cents, it is definitely way undervalued.  1. At current share price, the company is valued at $49m. This is lesser than the amount ($53.5m) paid for 60% of GEM (Wonder Park). While many people have doubts about buying &ldquo stones&rdquo , I believe that the company had done due diligence and $53.5m is a fair price. 2. The above does not take into consideration the company&rsquo s stake in One Richardson Trust (Perth) and the significant amount cash it is still holding on to due to its recent rights issue, where new investors paid $0.125 per share. 3. Last but not least, there is a recent married deal where 10 million shares were transacted at 8 cents per share. Some may doubt that this is not an arms length deal, but given the scrunity the company is under recently (due to leaked emails), I think the transaction is a fair and honest one and 8 cents per share shows a real demand at the price. 4. NAV per share is 8.91 cents. 5. Recent price plunge is due to the US stock market situation and &ldquo perceived&rdquo bad half year results &mdash where the losses reported are actually expected and announced previously and also one-off. 6. Selling seemed to have dried up at 6 to 6.2 cents. Short sellers should no longer be interested at such low prices. A technical should come very soon (next week?), with medium term price (a few weeks&rsquo time) to be around 8 cents Let&rsquo s see :-) |
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investshare
Supreme |
17-Feb-2018 14:44
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CNY got a lot of tourist visiting the stone? | ||||
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NextEvolution
Elite |
14-Feb-2018 12:33
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This co. very questionable. When it initiated to sell it's Japanese assets last year, it say will reward shareholders but all hot air.
And why sell valuable Japanese assets generating return to invest in China where things can just disappear or written off without any explanation? Not vested but I do short-term tradings when opportunities arise |
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investshare
Supreme |
14-Feb-2018 11:38
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You have been warned.
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shyeo1223
Master |
14-Feb-2018 11:12
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Whoever recommended this stock is really hai see Lang. | ||||
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dav781
Senior |
10-Feb-2018 22:19
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Just to add in. The extra expenses that resulted in the loss is not only one-off, but announced previously. If you follow their announcements. Everything should be priced in. But I am not a guru or God, let&rsquo s see on Monday :-)
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dav781
Senior |
10-Feb-2018 22:17
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Nothing is this latest set of results is unexpected.  All the extra expenses that resulted in the losses are one-off.  If you follow the company closer, you would know. Anyway, in the first place, such penny counters don&rsquo t really look at quarter to quarter results. Their share prices are more dependent on: 1. Potential 2. Trend 3. BBs The one thing I don&rsquo t like about imperium is that it is a favourite of some small time short-sellers. But Imperium share price is at such a low level that every time the small time short sellers enter, they run a high risk of being burnt themselves :-)
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tonytan44
Supreme |
10-Feb-2018 11:33
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i think you will have to sit out for a long time. the current results most likely will bring price down to 0.055-0.06 range. | ||||
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dav781
Senior |
10-Feb-2018 10:11
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Status the same. Haha. I still believe there is room for upward share price movement. Some risks for downward movement, but I think the probability of going up is higher. 1. NAV per share = 8.91 cents, more than current price of 6.4 cents 2. Zero debt 3. Sitting on a healthy pile of cash Point 2 and 3 necessary for riding out the current storm :-)
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chanbs
Elite |
09-Feb-2018 20:35
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What' s the status ?
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dav781
Senior |
09-Feb-2018 19:41
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Results as expected. All the extra expenses (losses) are accounted for and announced previously. Nothing out of the blue. NAV per share is 8.91 cents. Current share price is only 6.4 cents, more than enough room for upward movement :-) | ||||
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dav781
Senior |
06-Feb-2018 11:44
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regret buying back so soon. Now just got to hold :-(
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dav781
Senior |
05-Feb-2018 19:04
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I bought back at 6.5 and 6.6 cents :-) hopefully, it is the right move.
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tonytan44
Supreme |
05-Feb-2018 16:26
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0.065 throw down didnt go support? | ||||
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tonytan44
Supreme |
05-Feb-2018 14:45
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almost 65. 66 thrown down
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dav781
Senior |
05-Feb-2018 11:18
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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.
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dav781
Senior |
05-Feb-2018 11:08
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I will come back in if it hits that low :-)
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tonytan44
Supreme |
05-Feb-2018 11:07
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long term players usually dont look at short term. haha. longer term maybe this stock can drift down to 0.065 | ||||
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dav781
Senior |
05-Feb-2018 10:57
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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. | ||||
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tonytan44
Supreme |
05-Feb-2018 10:44
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hope nobody got clowned by this stock at high
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