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This Penny caught my eye !!
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new6ie
Veteran |
31-Oct-2013 15:20
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Most directors have their shares leverage in one way or another.   Usually they use bank money on their personal accounts, unless all they have is solid cash notes hidden below sleeping pillows, hahaha, then they don't need to use bank money for overdrafts, property mortgages, mistress' costly gift items, flashy cars and so forth and so forth.   In net worth most of them are millionaires but since they could likely use leverage to make more money, there is a danger if share prices plunges and their assets dwindled down from 100 million dollars to 20 million dollars, and they owed 10 million dollars.   The bank also kiasu will call them to top up the difference between current value and previous value in which the bank granted the advances.   So it is commonly known as margin call. Funds have money but they are managed in such a ways to prevent too much risks.   Because sunmoon sellers continue to load the sell side, whenever the funds (if there are doing it) buy and buy they will at some point exhaust the limit to buy.   So cannot finish buying.   Hahaha. Consolidate means to bundle a few shares to become one share, and use the post consolidated share as the new share to trade with a new price (usually the sum of the previous price X the number used to consolidate the shares. Eg if   the consolidation is 10 to 1, then 10 lots will become 1 lot of share. If for example sunmoon consolidate this way, the old 10 lots of sunmoon will become 1 lot of new sunmoon.   Thus the price traded for the new sunmoon will be 20 to 30 pips from the current 2 pips to 3 pips.   Understand?  
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wendel
Master |
31-Oct-2013 13:52
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What's a margin call? Fund mgr cannot finish buying....reason? Don't quite understand if u hv $$$...can't finish buying? What it means to consolidate? Paiseh...knowledge gathering...   
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new6ie
Veteran |
31-Oct-2013 13:04
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Don't worry lah.   The maximum lowest price is currently the 2/3 pips.   Should it go lower, then the CEO might probably have a margin call. One thing for sure is that the company now has positive equity while in the past it had negative equities.   Long due to play this counter. But because of the huge number of shares in issue, fund managers also cannot finished buying if they wanted to.   Most likely they may think of consolidation. If that is the case, it might be very good, or very bad depending on the profitability as time passes. 
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wendel
Master |
31-Oct-2013 08:54
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this is not for profits on near terms...gonna be far longer....2 or even 5 yrs.
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MichaelSchenker
Master |
31-Oct-2013 08:28
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I understand "restrictions" not imposed by sgx, but by some broking houses.
I got some too, but I guess may not be good prospect in the near term. |
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ninjawarrior
Member |
31-Oct-2013 08:22
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....what restrictions? I queue at 0.002 and i got it yesterday....for 1000 lots. Unless u queue for 1,000,000 lots....maybe.
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UPRR18
Veteran |
31-Oct-2013 01:03
Yells: "Laugh O Relax and Declare" |
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Senior, how to good luck ??? Brokers has placed restriction on this counter also after the 3 King Kongs saga. Tell what on earth is the brokers trying to do .....   |
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dekmelvie
Senior |
30-Oct-2013 23:30
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👍 👍 👍 👍 good luck!
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wendel
Master |
30-Oct-2013 18:36
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Bot another 1 mil @ 0.2c... | ||||
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nngeeh
Veteran |
30-Oct-2013 17:28
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Worst case is that there is no buyer, and sellers selling at 0.001. Even though the price can't go under 0.001, you can't sell any of your share. This happened to Digiland for few months, until recently, there are buyers queuing at 0.001 again. | ||||
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wendel
Master |
30-Oct-2013 16:22
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Anyone can explain what happens if px moves dn further...I mean hw far can it go under 0.001? | ||||
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blackcode
Member |
14-Oct-2013 16:03
Yells: "Fortune Favors The Bold " |
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i mean 0.2cents
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blackcode
Member |
14-Oct-2013 16:02
Yells: "Fortune Favors The Bold " |
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Think it will take awhile for tat block to clear up. will try my luck at 2cents. | ||||
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Tomique
Master |
14-Oct-2013 12:18
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Right, I also felt it this way.   The only thing is the big block that is sitting there.   I think belongs to the director (Mr. Gary)   or his spouse, as they held 65% of the shares and should want to get some money back. Roughly $6 mil to $7mil is quite good money for him as returning some of his investments for so long already.   Even if its him or his spouse's putting up to sell , we shouldn't read it as adverse because they would still have a large chunk of controlling shares left.   Lets wait for some deep pockets to buy up who believes in the future of the company to be able to give them big rewards for buying up the shares. 
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tonylim
Master |
14-Oct-2013 09:04
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Seems like Sunmoon is making good progress lately.  Vested at this level which is attractively priced
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Tomique
Master |
13-Oct-2013 13:42
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Honestly, Sunmoon is now a company to be vested for the future. For the past several years, it has been growing with EBITA profits, albeit not very much, but promising.
I used to doubt that SUNMOON could ever survived even though I have watched that many of their retail shops were doing very brisk business, esp at lunch time fruit drinks, after they diversified into this fresh fruit drinks business, and selling fruits and other groceries.
However ever since they restructured and paid off their debts and turned from negative to positive $16.5 million assets in their books, I got a bit of rethink and would say that you have made a good decision to buy Sunmoon at its cheapest.
Yes, there is every possibility for SUNMOON share price to climb, and if there is an eventual revaluation of their China farms by the market, now that China is beginning to allowing a certain percentage of farmlands to be developed into residential and commercial properties, you have a great future. Huat ah!!!
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wendel
Master |
13-Oct-2013 13:14
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Lolz....a million...haha...far far away....unless another blumont...keke. this definitely had hedge against inflation!! Maybe, u want to recommend me such coy that had emerged from adversity...I.e., SUNMOON n HANKORE....gd for investments! My million will come fr diversified portfolios! MIW seat in is more for stabilisation. It's like having gov support. Reputation is at stake in an illing coy n failing of which will hit their credibility. MIW leaves for either 2 reasons...either the coy had stablized or run before things get worse. Having BT to write up, the later can't happen. if really so, it is ready to fly n MIWs unseat n how volatile SUNMOON goes is no longer MIWs responsibility. 
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Tomique
Master |
13-Oct-2013 12:38
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Hope only one left and hope there is no more hidden in camouflage. In most counters that have MIWs, they exchanged themselves via proxies over and over again, and the shares remains iliquid or never move an inch. Hope it is not the case here, because if that happens woes again. Huat for you. Hope your 1 million shares turns into a million dollars. Lol..
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wendel
Master |
13-Oct-2013 10:35
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I tot only 1 MIW? Mr Chan had just left his post... Vested...1 mil sh. 
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HugoLee
Member |
09-Oct-2013 19:37
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Thanks for the tip!  Will load up! | ||||
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