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SEMBMARINE - A NEW CHAPTER - DEMERGED

paccch
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11-Nov-2022 17:48     
 
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Depending on the form of takeover offer used, minority shareholders may do the following when presented with a takeover offer with an offer price of the target company (the &ldquo Company&rdquo ) that is less than its NAVPS:
  • Reject the Offer or Vote against the Proposal. Your Vote Counts.
    Every shareholder has a choice, viz. his own shares. To a certain extent, he can help decide on the outcome of an offer or a corporate action of the Company by either rejecting the offer or, in the case of a corporate action that requires his voting support, vote against the proposal. Hence, if the offer price or other terms of the proposal are not sufficiently appealing to the shareholder, he or she may do the following:

     
    • If the proposal comes in the form of a general offer in accordance with the provisions of the Singapore Code on Take-overs and Mergers (a &ldquo General Offer&rdquo ), REJECT the General Offer by not submitting the form of acceptance and authorisation / transfer in relation to the General Offer OR
    • If the proposal comes in the form of a general offer in accordance with the provisions of the Singapore Code on Take-overs and Mergers (a &ldquo General Offer&rdquo ), REJECT the General Offer by not submitting the form of acceptance and authorisation / transfer in relation to the General Offer OR
    • If the takeover is proposed in the form of a scheme of arrangement (a &ldquo Scheme&rdquo ), vote AGAINST the Scheme resolution by attending in person or submitting a proxy OR
    • If the takeover is proposed in the form of an exit offer in conjunction with a voluntary delisting, vote AGAINST the voluntary delisting resolution and not submitting the form of acceptance and authorisation / transfer in relation to the exit offer.


    In the case of a privatisation by way of Scheme or a voluntary delisting, a general meeting of the Company will be convened to consider the Scheme or voluntary delisting resolution (as the case may be). A shareholder may attend a general meeting in person to discuss the proposal and make his or her views known at that time. In the case of the Scheme, the attendance of the shareholder (in person or by proxy) is important as a majority of shareholders present and voting (in terms of number as opposed to a mere percentage of voting rights carried) is required.

    Minority shareholders do have the ability to influence the outcome of an offer and this has been evident in recent times. For example, in the scheme of arrangement proposed by ST Electronics to privatise Nera Telecommunications Ltd in 2012, minority shareholders were able to vote down the scheme resolution to privatise the company.
  • If the takeover is proposed as a Scheme, you may also object to the Scheme in Court
    Where a Scheme is approved at the general meeting, it has to be confirmed at a Court hearing. A minority shareholder may attend the Court hearing and present arguments as to why the Scheme should not be confirmed. He has to show that either:

     
    • The scheme document did not contain sufficient information to allow shareholders to make an informed decision. Carefully prepared Circulars (including Scheme Documents) reduces a shareholder&rsquo s chances of success on this ground OR
    • Process and procedure was not properly followed in conducting the vote, convening the scheme meeting, or in obtaining the votes for the scheme meeting, and the irregularity was prejudicial to minority shareholders or not representative of shareholders&rsquo wishes. Take for example, the proposed Scheme to privatise PCCW Limited in Hong Kong, where the Court of Appeal of Hong Kong SAR refused to sanction the scheme in the face of &ldquo clear manipulation&rdquo of the votes at the scheme meeting.


fruitfulness      ( Date: 11-Nov-2022 16:01) Posted:

Now, we have small investor voice and some analysts' voice that the offer price is not fair and no reasonable. If there are no combo of BBs large enough to send msg to Widjaja family, then have to see the IFA report from SAC.  If they also say not fair and not reasonable, hopefully then Widjaja family can wayang and increase the exit offer price before the EGM vote.  (But in the meanwhile their BB supporters can do adjustment of GEMS and Stanmore Resources share prices)

ahberngh      ( Date: 11-Nov-2022 14:45) Posted:

I think retail can still vote against the offer at the EGM.

Major shareholders are not allowed to use their shares to vote in takeovers (that is my

understanding). As long as retail deny them in the vote, takeover won' t be succeassful.

The problem is most retail are lethargic and are happy with peanuts, they don' t turn up

at the EGM to vote,  and they let the  major shareholders get away with the golden goose
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fruitfulness
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11-Nov-2022 16:01     
 
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 Alert Admin 		Now, we have small investor voice and some analysts' voice that the offer price is not fair and no reasonable. If there are no combo of BBs large enough to send msg to Widjaja family, then have to see the IFA report from SAC.  If they also say not fair and not reasonable, hopefully then Widjaja family can wayang and increase the exit offer price before the EGM vote.  (But in the meanwhile their BB supporters can do adjustment of GEMS and Stanmore Resources share prices)

ahberngh      ( Date: 11-Nov-2022 14:45) Posted:

I think retail can still vote against the offer at the EGM.

Major shareholders are not allowed to use their shares to vote in takeovers (that is my

understanding). As long as retail deny them in the vote, takeover won' t be succeassful.

The problem is most retail are lethargic and are happy with peanuts, they don' t turn up

at the EGM to vote,  and they let the  major shareholders get away with the golden goose.

fruitfulness      ( Date: 11-Nov-2022 14:37) Posted:

Now that the Widjaja family know that their exit offer is rather unfair and not reasonable, I suggest they raise the offer by 10c per share (knowing they are very stingy and smelly) to sweeten the offer.  (Presently, as an investor for a couple of years, I feel " very unfairly treated" . Using 16c exit cash offer means trying to buy over a $1.5 billion worth of Stanmore using $422m, I think it' s very unfair).  Why 10c? So that the total cash offer is raised from 84.6c to 94.6c per share (even marginally exceeding the highest close in the recent month.). This makes all investors happy!  Investors could clearly see the share price should likely rise to $1 and more. There has been an abrupt share price suppression and then the low-ball offer announced. (So all investors must not be shortchanged)  To be fairer, they can raise the offer by 16c per share. Then the total cash offer reaches $1.  (Then they are not smelly, but still stingy ... hard to remove this stingy trademark).  It does not cost the Widjaja family much to sweeten the offer!!!!

It' s very difficult to sue.  Cost a lot of money. They are not acquiring below the net asset value of the company. We do not value their commodity business based on " net asset valuation" alone - now, we are in a period of coal commodity supercycle.

 
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TraderBen
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11-Nov-2022 15:30     
 
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 Alert Admin 		now they pushed stanmore' s value lower lol.. down for 3 straight days.. almost 15%
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fruitfulness
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11-Nov-2022 14:59     
 
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 Alert Admin 		If have plenty of spare cash, why not?  I myself bought 200 lots at 79c.  Of course, there is a very small risk that the deal may not go thru eventually.

TraderBen      ( Date: 11-Nov-2022 14:50) Posted:

so will be good to buy at 80 cents i supposed? cant go any lower than that..

fruitfulness      ( Date: 11-Nov-2022 14:37) Posted:

Now that the Widjaja family know that their exit offer is rather unfair and not reasonable, I suggest they raise the offer by 10c per share (knowing they are very stingy and smelly) to sweeten the offer.  (Presently, as an investor for a couple of years, I feel " very unfairly treated" . Using 16c exit cash offer means trying to buy over a $1.5 billion worth of Stanmore using $422m, I think it' s very unfair).  Why 10c? So that the total cash offer is raised from 84.6c to 94.6c per share (even marginally exceeding the highest close in the recent month.). This makes all investors happy!  Investors could clearly see the share price should likely rise to $1 and more. There has been an abrupt share price suppression and then the low-ball offer announced. (So all investors must not be shortchanged)  To be fairer, they can raise the offer by 16c per share. Then the total cash offer reaches $1.  (Then they are not smelly, but still stingy ... hard to remove this stingy trademark).  It does not cost the Widjaja family much to sweeten the offer!!!!

It' s very difficult to sue.  Cost a lot of money. They are not acquiring below the net asset value of the company. We do not value their commodity business based on " net asset valuation" alone - now, we are in a period of coal commodity supercycle.

 
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TraderBen
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11-Nov-2022 14:50     
 
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 Alert Admin 		so will be good to buy at 80 cents i supposed? cant go any lower than that..

fruitfulness      ( Date: 11-Nov-2022 14:37) Posted:

Now that the Widjaja family know that their exit offer is rather unfair and not reasonable, I suggest they raise the offer by 10c per share (knowing they are very stingy and smelly) to sweeten the offer.  (Presently, as an investor for a couple of years, I feel " very unfairly treated" . Using 16c exit cash offer means trying to buy over a $1.5 billion worth of Stanmore using $422m, I think it' s very unfair).  Why 10c? So that the total cash offer is raised from 84.6c to 94.6c per share (even marginally exceeding the highest close in the recent month.). This makes all investors happy!  Investors could clearly see the share price should likely rise to $1 and more. There has been an abrupt share price suppression and then the low-ball offer announced. (So all investors must not be shortchanged)  To be fairer, they can raise the offer by 16c per share. Then the total cash offer reaches $1.  (Then they are not smelly, but still stingy ... hard to remove this stingy trademark).  It does not cost the Widjaja family much to sweeten the offer!!!!

It' s very difficult to sue.  Cost a lot of money. They are not acquiring below the net asset value of the company. We do not value their commodity business based on " net asset valuation" alone - now, we are in a period of coal commodity supercycle.

 

paccch      ( Date: 11-Nov-2022 12:35) Posted:

*IMPORTANT

For everyone still holding GOLDEN ENERGY stocks, we' re considering a class action against the complusory acquisition of the company for unfair acquisition of the company below the net value assets of the company. 
 
  • Object to Compulsory Acquisition
    Where an offeror obtains 90% or more of the shares in the company, the remaining minority shareholders have the right to object to an offeror&rsquo s exercise of compulsory acquisition rights by filing an application in Court if the offeror, following the close of a general offer, exercises such rights. The procedures will vary depending on the Company&rsquo s jurisdiction of incorporation.However, in order to succeed in the objection, a minority shareholder must prove to the Court that the offeror achieved the threshold for compulsory acquisition rights by unfair means (for example, by using a third party to acquire shares from other shareholders at a price higher than the offer price and then accept the offer), or that procedure was not duly followed.
.
Your opinions are welcome.

 


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ahberngh
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11-Nov-2022 14:45     
 
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 Alert Admin 		I think retail can still vote against the offer at the EGM.

Major shareholders are not allowed to use their shares to vote in takeovers (that is my

understanding). As long as retail deny them in the vote, takeover won' t be succeassful.

The problem is most retail are lethargic and are happy with peanuts, they don' t turn up

at the EGM to vote,  and they let the  major shareholders get away with the golden goose.

fruitfulness      ( Date: 11-Nov-2022 14:37) Posted:

Now that the Widjaja family know that their exit offer is rather unfair and not reasonable, I suggest they raise the offer by 10c per share (knowing they are very stingy and smelly) to sweeten the offer.  (Presently, as an investor for a couple of years, I feel " very unfairly treated" . Using 16c exit cash offer means trying to buy over a $1.5 billion worth of Stanmore using $422m, I think it' s very unfair).  Why 10c? So that the total cash offer is raised from 84.6c to 94.6c per share (even marginally exceeding the highest close in the recent month.). This makes all investors happy!  Investors could clearly see the share price should likely rise to $1 and more. There has been an abrupt share price suppression and then the low-ball offer announced. (So all investors must not be shortchanged)  To be fairer, they can raise the offer by 16c per share. Then the total cash offer reaches $1.  (Then they are not smelly, but still stingy ... hard to remove this stingy trademark).  It does not cost the Widjaja family much to sweeten the offer!!!!

It' s very difficult to sue.  Cost a lot of money. They are not acquiring below the net asset value of the company. We do not value their commodity business based on " net asset valuation" alone - now, we are in a period of coal commodity supercycle.

 

paccch      ( Date: 11-Nov-2022 12:35) Posted:

*IMPORTANT

For everyone still holding GOLDEN ENERGY stocks, we' re considering a class action against the complusory acquisition of the company for unfair acquisition of the company below the net value assets of the company. 
 
  • Object to Compulsory Acquisition
    Where an offeror obtains 90% or more of the shares in the company, the remaining minority shareholders have the right to object to an offeror&rsquo s exercise of compulsory acquisition rights by filing an application in Court if the offeror, following the close of a general offer, exercises such rights. The procedures will vary depending on the Company&rsquo s jurisdiction of incorporation.However, in order to succeed in the objection, a minority shareholder must prove to the Court that the offeror achieved the threshold for compulsory acquisition rights by unfair means (for example, by using a third party to acquire shares from other shareholders at a price higher than the offer price and then accept the offer), or that procedure was not duly followed.
.
Your opinions are welcome.

 


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fruitfulness
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11-Nov-2022 14:37     
 
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 Alert Admin 		Now that the Widjaja family know that their exit offer is rather unfair and not reasonable, I suggest they raise the offer by 10c per share (knowing they are very stingy and smelly) to sweeten the offer.  (Presently, as an investor for a couple of years, I feel " very unfairly treated" . Using 16c exit cash offer means trying to buy over a $1.5 billion worth of Stanmore using $422m, I think it' s very unfair).  Why 10c? So that the total cash offer is raised from 84.6c to 94.6c per share (even marginally exceeding the highest close in the recent month.). This makes all investors happy!  Investors could clearly see the share price should likely rise to $1 and more. There has been an abrupt share price suppression and then the low-ball offer announced. (So all investors must not be shortchanged)  To be fairer, they can raise the offer by 16c per share. Then the total cash offer reaches $1.  (Then they are not smelly, but still stingy ... hard to remove this stingy trademark).  It does not cost the Widjaja family much to sweeten the offer!!!!

It' s very difficult to sue.  Cost a lot of money. They are not acquiring below the net asset value of the company. We do not value their commodity business based on " net asset valuation" alone - now, we are in a period of coal commodity supercycle.

 

paccch      ( Date: 11-Nov-2022 12:35) Posted:

*IMPORTANT

For everyone still holding GOLDEN ENERGY stocks, we' re considering a class action against the complusory acquisition of the company for unfair acquisition of the company below the net value assets of the company. 
 
  • Object to Compulsory Acquisition
    Where an offeror obtains 90% or more of the shares in the company, the remaining minority shareholders have the right to object to an offeror&rsquo s exercise of compulsory acquisition rights by filing an application in Court if the offeror, following the close of a general offer, exercises such rights. The procedures will vary depending on the Company&rsquo s jurisdiction of incorporation.However, in order to succeed in the objection, a minority shareholder must prove to the Court that the offeror achieved the threshold for compulsory acquisition rights by unfair means (for example, by using a third party to acquire shares from other shareholders at a price higher than the offer price and then accept the offer), or that procedure was not duly followed.
.
Your opinions are welcome.

 

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paccch
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11-Nov-2022 12:35     
 
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 Alert Admin 		*IMPORTANT

For everyone still holding GOLDEN ENERGY stocks, we' re considering a class action against the complusory acquisition of the company for unfair acquisition of the company below the net value assets of the company. 
 
  • Object to Compulsory Acquisition
    Where an offeror obtains 90% or more of the shares in the company, the remaining minority shareholders have the right to object to an offeror&rsquo s exercise of compulsory acquisition rights by filing an application in Court if the offeror, following the close of a general offer, exercises such rights. The procedures will vary depending on the Company&rsquo s jurisdiction of incorporation.However, in order to succeed in the objection, a minority shareholder must prove to the Court that the offeror achieved the threshold for compulsory acquisition rights by unfair means (for example, by using a third party to acquire shares from other shareholders at a price higher than the offer price and then accept the offer), or that procedure was not duly followed.
.
Your opinions are welcome.

 
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Joelton
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11-Nov-2022 11:10     
 
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Market watchers say Golden Energy exit offer unfair, results for shareholders uncertain
 
Golden Energy and Resources on Nov 9 sounded its intention to give shareholders an option of cash, or a combination of cash and shares, to delist from SGX. 
 
COAL miner Golden Energy and Resources : AUE +1.26% (Gear) has announced that it wants to exit the thermal coal business and delist from the Singapore Exchange (SGX), but market watchers said that the deal terms may not be favourable to the company&rsquo s shareholders.
 
Phillip Securities analyst Terence Chua said that while the total consideration is higher than the counter&rsquo s last traded price and net asset value before the offer was announced, shareholders could wind up disappointed as the offer is below the &ldquo overall SOTP (sum of the parts)&rdquo of the company.
 
Gear on Wednesday (Nov 9) sounded its intention to give shareholders an option of cash, or a combination of cash and shares, to delist from SGX.
 
The company is proposing a distribution in specie of its 62.5 per cent stake in Indonesia-listed thermal coal subsidiary Golden Energy Mines (Gems). Shareholders can choose to receive either 13,936 Gems shares for every 10,000 Gear shares they own, or cash of 76.6 million rupiah (equivalent to S$6,855.81 at the prevailing exchange rate). The former option translates to a value of some S$8,850 based on Gems&rsquo share price of 7,100 rupiah on Nov 8.
 
On top of this distribution in specie, shareholders will also receive S$0.16 a share in an exit offer for Gear&rsquo s delisting.
 
Chua noted that shareholders who opt for the distribution in specie would be subjected to price uncertainty. The price of Gems has fallen since the deal was announced. The counter closed at 6,575 rupiah on Thursday (Nov 10).
 
&ldquo It is likely that (Gear) might have to offer a higher consideration to reflect its overall business to entice shareholders to vote for the deal,&rdquo said Chua. 
 
Global Equity Research analyst Arun George said in a note carried on Smartkarma that the deal brings good news for minority shareholders in the sense that the offer is at a premium to historical share prices and multiples.
 
But he noted the all-cash alternative is &ldquo unattractive&rdquo , and that the S$0.16 exit offer also values Gear at a discount.
 
Like Phillip&rsquo s Chua, George drew attention to Gear&rsquo s other holdings. In addition to its Gems stake, Gear owns 64 per cent of Stanmore Resources, an Australian metallurgical coal producer, and 50 per cent of a gold miner called Ravenswood.
 
After adjusting for debt, George calculates that the Stanmore stake is worth S$0.17 per share. &ldquo In other words, the delisting proposal is 18 per cent below the value of the Stanmore stake adjusted for net debt and does not attribute any value to the 50 per cent stake in Ravenswood,&rdquo he said.
 
George noted, also, that Gear&rsquo s shareholder register is &ldquo very fragmented with no substantial shareholder&rdquo .
 
&ldquo The offeror is likely hoping that a lack of large institutional investors and apathy from retail investors will help it get shareholder approval,&rdquo he said. 
 
Shareholders will be asked to vote on the distribution and delisting at an extraordinary general meeting. The distribution in specie and delisting are inter-conditional, meaning both must be approved for the deal to take place.
 
Gear&rsquo s major shareholder, Dian Swastatika Sentosa, which owns 77.49 per cent of Gear, has undertaken to support the deal by accepting the exit offer but is required to abstain from voting on the proposed distribution.
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TraderBen
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11-Nov-2022 09:51     
 
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 Alert Admin 		nobody playing alrdy
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ozone2002
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11-Nov-2022 09:27     
 
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 Alert Admin 		Ask Widjaja 

Sgvale      ( Date: 11-Nov-2022 09:23) Posted:

Unfair? But there aren't any better offer?

ozone2002      ( Date: 11-Nov-2022 08:52) Posted:

*Golden Energy* - market watchers say Golden Energy exit offer unfair, results for shareholders uncertain.  &ldquo the delisting proposal is 18% below the value of the Stanmore stake adjusted for net debt and does not attribute any value to the 50 per cent stake in Ravenswood,&rdquo   said Global Equity Research analyst Arun Georg.
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Sgvale
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11-Nov-2022 09:23     
 
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 Alert Admin 		Unfair? But there aren't any better offer?

ozone2002      ( Date: 11-Nov-2022 08:52) Posted:

*Golden Energy* - market watchers say Golden Energy exit offer unfair, results for shareholders uncertain.  &ldquo the delisting proposal is 18% below the value of the Stanmore stake adjusted for net debt and does not attribute any value to the 50 per cent stake in Ravenswood,&rdquo   said Global Equity Research analyst Arun Georg.
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ozone2002
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11-Nov-2022 08:52     
 
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 Alert Admin 		*Golden Energy* - market watchers say Golden Energy exit offer unfair, results for shareholders uncertain.  &ldquo the delisting proposal is 18% below the value of the Stanmore stake adjusted for net debt and does not attribute any value to the 50 per cent stake in Ravenswood,&rdquo   said Global Equity Research analyst Arun Georg.
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tofudidi
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11-Nov-2022 08:32     
 
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 Alert Admin 		today 830 coming! lai 
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TraderBen
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11-Nov-2022 06:15     
 
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 Alert Admin 		U r right, it won?t be fair if they are the majority owners as retailers won?t hv a right to voice out. Unless is challenge kind. They hv other big shareholders to overturn the low ball offer. Then good enough. Worth a try. There is no way to overturn them when the biggest shareholder who is making the offer has 77% of the company. ? No point dragging on. And make the offer delay longer. Take and go I believe most longs hv profits since they bought earlier. Even those who bought late only lost 10cents. ( if they choose all cash option. And possibly to make if they can take the $1.045 offer right? Not too much to stomach. Just curse bad luck and look for other counters.

Pikachaimai      ( Date: 10-Nov-2022 20:19) Posted:

Depends on whose perspective are you looking at?
Recently got 1 uncle in news complain about $1.90 Chai Peng too expensive. 
He thinks he is right. Many netizens think he is wrong. Business owner think is right. so how?

hmmhmm      ( Date: 10-Nov-2022 20:04) Posted:

Hmmhmm....whether tis deal is Fair & Reasonable? see The Business Times.....Market watcher view....
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sweet639
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10-Nov-2022 20:24     
 
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 Alert Admin 		Option 1 is get Golden Energy shares say 10k @ 0.85 each,  after delist, I am still holding 10K shares & can trade in IDX,
so need to open IDX account with UOB Kay Hian, right? This 10K shares is worth more than 0.85?
Do they need to call EGM or AGM to get shareholders approval?
 

Pikachaimai      ( Date: 10-Nov-2022 19:51) Posted:

Whole day BBs from Foreign Xchange keep buying up at 80cents.
No brainer where this stock will go. 
I saw ppl posting about can get 84.6 cent only. Please lor that is minimum price. 80cents vs 84.6cents. Profit or loss?
And also   Have you thought " Why those Ang MOs buying up." . cause they know its a steal at this range.

Cause they get to choose option1 , get GEMS share. Once delist, trade in IDX.  devil
ACtually I don' t know why some SG uncles and aunties find it so difficult?
These days , you can open account online so easily as some forummers mentioned already, POEMS, iOCBC, can trade in IDX.
As illustrated by company, the amt you get is more than a $1 in SGD. 
no brainer ~devil
action coming soon and pls DYODD

Pikachaimai      ( Date: 09-Nov-2022 16:10) Posted:

it is very obvious BBs are suppressing the price to force those who contra and weak holders to sell to them.
Weak holders will sell off either today or tomorrow. No one waits for friday to sell.

Voluntary delisting is already laid out on the table.
Small share holders here debating on better price will lose out during voting.
Minimum is 84.6 cents vs. now 79cents. no brainer whether to long /hold
GEMS price whether will shoot higher during the last Quarter of this year.. those who choose 1st option can huat to the moon Everyone who is investor-savvy will know.devil

DYODD and HUAT ah~ 
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Pikachaimai
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10-Nov-2022 20:19     
 
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 Alert Admin 		Depends on whose perspective are you looking at?
Recently got 1 uncle in news complain about $1.90 Chai Peng too expensive. 
He thinks he is right. Many netizens think he is wrong. Business owner think is right. so how?

hmmhmm      ( Date: 10-Nov-2022 20:04) Posted:

Hmmhmm....whether tis deal is Fair & Reasonable? see The Business Times.....Market watcher view....
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hmmhmm
Elite
10-Nov-2022 20:04     
 
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 Alert Admin 		Hmmhmm....whether tis deal is Fair & Reasonable? see The Business Times.....Market watcher view....
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Pikachaimai
Senior
10-Nov-2022 19:51     
 
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 Alert Admin 		Whole day BBs from Foreign Xchange keep buying up at 80cents.
No brainer where this stock will go. 
I saw ppl posting about can get 84.6 cent only. Please lor that is minimum price. 80cents vs 84.6cents. Profit or loss?
And also   Have you thought " Why those Ang MOs buying up." . cause they know its a steal at this range.

Cause they get to choose option1 , get GEMS share. Once delist, trade in IDX.  devil
ACtually I don' t know why some SG uncles and aunties find it so difficult?
These days , you can open account online so easily as some forummers mentioned already, POEMS, iOCBC, can trade in IDX.
As illustrated by company, the amt you get is more than a $1 in SGD. 
no brainer ~devil
action coming soon and pls DYODD

Pikachaimai      ( Date: 09-Nov-2022 16:10) Posted:

it is very obvious BBs are suppressing the price to force those who contra and weak holders to sell to them.
Weak holders will sell off either today or tomorrow. No one waits for friday to sell.

Voluntary delisting is already laid out on the table.
Small share holders here debating on better price will lose out during voting.
Minimum is 84.6 cents vs. now 79cents. no brainer whether to long /hold
GEMS price whether will shoot higher during the last Quarter of this year.. those who choose 1st option can huat to the moon Everyone who is investor-savvy will know.devil

DYODD and HUAT ah~ 

trader1970      ( Date: 09-Nov-2022 15:05) Posted:

Yeah,,, you are definitely right...By next Monday they would have collected enuf....wink  any retracement just long....laugh
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TraderBen
Supreme
10-Nov-2022 18:44     
 
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 Alert Admin 		Free money why not. 5% profits for sure

wehuattogether88      ( Date: 10-Nov-2022 16:58) Posted:

Same here, sold some to Credit Swiss & JPM.
Ang MOH funds buying

TraderBen      ( Date: 10-Nov-2022 15:56) Posted:

i sold some to test citi and JPM buying.. 


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