| Latest Forum Topics / Renaissance United Last:0.001 -- |
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Neglected, Illiquid, Undervalue, Recovery counter
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Rosesyrup
Master |
09-Dec-2013 19:42
Yells: "Get your own opinion, don't follow blindly." |
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1 year.
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hmphie
Veteran |
09-Dec-2013 19:40
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Is there a timeline to your 6.2 TP?
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Rosesyrup
Master |
09-Dec-2013 18:21
Yells: "Get your own opinion, don't follow blindly." |
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lol 6.2cents is my personal TP only not confirm de. DYODD :)
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HVRRVH
Elite |
09-Dec-2013 18:03
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If can realise 6.2 cents I don't mind hold for as long as 1 year. Hopefully it move up slowly but surely.
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nngeeh
Veteran |
09-Dec-2013 18:02
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They did, but they didn't subscribed all. Before rights, they were holding 9.97%, but after the rights exercise, their current holding are 9.74%. If they didn't subscribed, the percentage will be been 6.64% (calculation based on increase number of shares by 50% due to 1 rights for 2 share).
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Rosesyrup
Master |
09-Dec-2013 18:01
Yells: "Get your own opinion, don't follow blindly." |
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Vested too. Price go up cos:
Hope this solve the mystery. Still waiting for 6.2cents.
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HVRRVH
Elite |
09-Dec-2013 17:57
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Profit warning and the share price go up? It's a strange world but I am not complaining. Vested. | ||||
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hmphie
Veteran |
09-Dec-2013 17:52
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The swap was tactical indeed. However, I don't think they subscribed to the rights.
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nqing87
Supreme |
09-Dec-2013 17:17
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ok glad to know ipco not that stupid
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nngeeh
Veteran |
09-Dec-2013 17:14
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Sun Spirit is being sued. I believe it is a tactical move by IPCO to protect itself from the lawsuit (and to keep the shares of Blumont). At the current price, IPCO has made 100% gains on the Blumont rights that they had subscribed at 0.05).
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cccx123
Elite |
09-Dec-2013 17:10
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Hmm yea you are right. Missed out that announcement. Strange then.. Who would buy SSGL then.. Unless it is holding something else other then the deemed interest due to collateral pledged for margin financing.
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nqing87
Supreme |
09-Dec-2013 17:08
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if they really did sell 70% of their 10% holdings in blumont, then they deserve a real hard spanking..
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nngeeh
Veteran |
09-Dec-2013 17:01
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I just checked the  below url, and it  stated that on 11 Nov, Sun Spirit had transferred 185768 lots to IPCO. IPCO still owns around 10% of Blumont.   http://blumont.listedcompany.com/stock_insider.html/year/2013/trader_type/SSH
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hmphie
Veteran |
09-Dec-2013 16:54
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http://blumont.listedcompany.com/stock_insider.html/year/2013/trader_type/SSH | ||||
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Lucky03
Elite |
09-Dec-2013 16:49
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Oops... you are right. So, IPCO will move on its own destiny. Good and bad but at least can chart its own course and focus on its energy business and the others more tangible stuff. Hope it learns its lesson on the treatment of fair value recognition.
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cccx123
Elite |
09-Dec-2013 16:36
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If I am not wrong, SSGL is the holding company for Blumont's stock under IPCO. So selling 70% of SSGL equates to giving up 70% of Blumont. Think it has already been sold. There was no need for shareholder's approval since the disposal is less than 80%. So yea.. | ||||
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nqing87
Supreme |
09-Dec-2013 16:34
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i thought ipco didnt sell? it just get itself readied to dispose anytime.. correct me if im wrong " As SSGL still holds a current portfolio of quoted securities, the disposal of 70% of the issued and paid up share capital of SSGL allows the Group to immediately monetise its indirect holdings of such quoted securities whilst allowing the Group to retain a stake to enjoy any future potential increase in value of such quoted securities."
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Insanity
Member |
09-Dec-2013 16:30
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U mean the 70% of Sun spirit that they let go = blumont?
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cccx123
Elite |
09-Dec-2013 16:23
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Don't forget that ipco sold much of blumont already lol..at rock bottom prices.
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Lucky03
Elite |
09-Dec-2013 15:51
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If Blumont rises above 0.10, then IPCO should return to 0.021
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