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Latest Forum Topics / Alita Resources    Last:0.078 --  Post Reply
alliance mineral resources move up
risktaker
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03-May-2017 09:04     
 
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Essentially they are 50-50 JV ... Price should be quite close....but the drop in Tawana tells me Alliance could drop as well .... 

RedEye1811      ( Date: 03-May-2017 08:55) Posted:



Relax Bro...if deal called off Taw would have halted or announced...focusing on short term is only going to give you a headache...why Taw down not clear...could be due to additional shares from first Tranche of the placement that come online next week...let us wait and see when dust settles long term...smiley

risktaker      ( Date: 03-May-2017 08:41) Posted:

Just check TAW wow shocking... Tawana is trading 0.235 0.24.... deal call off? Something bad happen?
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RedEye1811
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03-May-2017 08:55     
 
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Relax Bro...if deal called off Taw would have halted or announced...focusing on short term is only going to give you a headache...why Taw down not clear...could be due to additional shares from first Tranche of the placement that come online next week...let us wait and see when dust settles long term...smiley

risktaker      ( Date: 03-May-2017 08:41) Posted:

Just check TAW wow shocking... Tawana is trading 0.235 0.24.... deal call off? Something bad happen?
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chanbs
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03-May-2017 08:44     
 
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information OVERLOAD here .... ! just be patient let the PRICE do the talking ... let it have the final say ... all these are pure crap ... sublimal messages  .... it' s all controlled ... actually amazed by the kind of intel that can be dug up from " the man on the street" investor here .... dont you find it a little too hard to believe ?

 
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risktaker
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03-May-2017 08:43     
 
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 Alert Admin 		Price gap is too big....for a 50% JV
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luanboo
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03-May-2017 08:43     
 
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Ai Zai! Don' t ownself scare ownself.

risktaker      ( Date: 03-May-2017 08:41) Posted:

Just check TAW wow shocking... Tawana is trading 0.235 0.24.... deal call off? Something bad happen?
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risktaker
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03-May-2017 08:41     
 
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 Alert Admin 		Just check TAW wow shocking... Tawana is trading 0.235 0.24.... deal call off? Something bad happen?
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luanboo
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03-May-2017 08:38     
 
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Do you know that with SGX Mobile, you can set notifications for All Announcements from a particular company?
Then you don' t have to waste time keep refreshing.

Steady28      ( Date: 02-May-2017 23:24) Posted:



" patiently" doing my daily ritual... refreshing the sgx annoucement page and googling any potential news. 

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jack2906
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02-May-2017 23:30     
 
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thank you so much.... hope to hear good news frm u soon~
 

Steady28      ( Date: 02-May-2017 23:24) Posted:



" patiently" doing my daily ritual... refreshing the sgx annoucement page and googling any potential news. 

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Steady28
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02-May-2017 23:24     
 
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" patiently" doing my daily ritual... refreshing the sgx annoucement page and googling any potential news. 
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EmmGru
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02-May-2017 21:12     
 
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The other day risktaker saw SGX wanted to buy in 160k shares. So prob these are naked short.

The remaining prob covered same day or borrowed the shares so now paying interest. But if px gap up or sharp rise after resume trading, shortists will cover also. Then we may see buy support from shortists

KopRed75      ( Date: 02-May-2017 21:03) Posted:

To be honest, most would have covered on the same day unless they are really gung-ho.

Danoxious      ( Date: 02-May-2017 20:58) Posted:



From the SGX website short sell orders were executed for about 5 million shares between 19th and 20th April 


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EmmGru
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02-May-2017 21:07     
 
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For a share sold down from 42 cents to 26 cents, u can' t blame if AMAL CEO not in a hurry to lift suspension ... maybe not to takan shortists directly but certainly not rushing to do them any favours... going forward there are many developments i.e. excuses for another trading halt. There is no telling whether the next TH will at least be for 3 days even if they dun suspend again.

I for one will not contra this share already. I took delivery of all my shares today so no prob to wait.

Atom99      ( Date: 02-May-2017 20:25) Posted:



I just hazard a guess ...maybe AMAL took this opporturnity to teach all the shortists a lesson ( remember AMAL SP was at one time shoot down  and AMAL  CEO bought 330K of shares).

The longer it  was suspended...the more the shortists ....as posted by Danoxious.

IMO

c3_jail      ( Date: 02-May-2017 20:14) Posted:

Wow 5k per da
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KopRed75
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02-May-2017 21:03     
 
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 Alert Admin 		To be honest, most would have covered on the same day unless they are really gung-ho.

Danoxious      ( Date: 02-May-2017 20:58) Posted:



From the SGX website short sell orders were executed for about 5 million shares between 19th and 20th April 

EmmGru      ( Date: 02-May-2017 20:50) Posted:



Yes from the same Lim and Tan link, this is the info:

If the buying-in is completed by SGX at the end of Trade Date +3, no penalty will be imposed. However, if the buying-in by SGX is unsuccessful on Trade Date +3, SGX will continue on Trade Date +4 and Trade Date +5. A penalty, of the higher of S$1000 or 5% of the value of the failed trade not bought in will be imposed.

  In the event that SGX is unable to buy-in the shares by Trade Date +4, CDP may require Lim & Tan Securities to procure the securities by Trade Date +9 or within the time stipulated by CDP, whichever is earlier. If procurement by Lim & Tan Securities is unsuccessful, a penalty of $5,000 for each day a sell contract is overdue, shall be borne by the client.

Looks like business days, but when buy-in not completed by T+3, penalties kick in from T+4 onwards, at higher of $1000 or 5% value of the failed trade. Not sure when the $5K penalty per day kick in, after T+5? Or T+9. Its not just the penalties, the buy in is at 2 pips above the last traded price or even higher, to ensure SGX can buy in successfully.

But this is only for naked short. If shortist borrowed the share, just pay the interest. 

 


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Danoxious
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02-May-2017 20:58     
 
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From the SGX website short sell orders were executed for about 5 million shares between 19th and 20th April 

EmmGru      ( Date: 02-May-2017 20:50) Posted:



Yes from the same Lim and Tan link, this is the info:

If the buying-in is completed by SGX at the end of Trade Date +3, no penalty will be imposed. However, if the buying-in by SGX is unsuccessful on Trade Date +3, SGX will continue on Trade Date +4 and Trade Date +5. A penalty, of the higher of S$1000 or 5% of the value of the failed trade not bought in will be imposed.

  In the event that SGX is unable to buy-in the shares by Trade Date +4, CDP may require Lim & Tan Securities to procure the securities by Trade Date +9 or within the time stipulated by CDP, whichever is earlier. If procurement by Lim & Tan Securities is unsuccessful, a penalty of $5,000 for each day a sell contract is overdue, shall be borne by the client.

Looks like business days, but when buy-in not completed by T+3, penalties kick in from T+4 onwards, at higher of $1000 or 5% value of the failed trade. Not sure when the $5K penalty per day kick in, after T+5? Or T+9. Its not just the penalties, the buy in is at 2 pips above the last traded price or even higher, to ensure SGX can buy in successfully.

But this is only for naked short. If shortist borrowed the share, just pay the interest. 

 

Danoxious      ( Date: 02-May-2017 20:42) Posted:



$5k per day is applicable only if SGX is unable to buy in the share and Lim and Tan (Broker) is unable to procure successfully within the time frame.

Other brokers may have different pricing.

However, also if i am not wrong when they say number of days it should be calander days and not business days so starting from the first day of halt which 21st April 2017 it is now already 11 days now.

Very likely that shortist are being imposed heavy penalty.


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EmmGru
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02-May-2017 20:50     
 
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Yes from the same Lim and Tan link, this is the info:

If the buying-in is completed by SGX at the end of Trade Date +3, no penalty will be imposed. However, if the buying-in by SGX is unsuccessful on Trade Date +3, SGX will continue on Trade Date +4 and Trade Date +5. A penalty, of the higher of S$1000 or 5% of the value of the failed trade not bought in will be imposed.

  In the event that SGX is unable to buy-in the shares by Trade Date +4, CDP may require Lim & Tan Securities to procure the securities by Trade Date +9 or within the time stipulated by CDP, whichever is earlier. If procurement by Lim & Tan Securities is unsuccessful, a penalty of $5,000 for each day a sell contract is overdue, shall be borne by the client.

Looks like business days, but when buy-in not completed by T+3, penalties kick in from T+4 onwards, at higher of $1000 or 5% value of the failed trade. Not sure when the $5K penalty per day kick in, after T+5? Or T+9. Its not just the penalties, the buy in is at 2 pips above the last traded price or even higher, to ensure SGX can buy in successfully.

But this is only for naked short. If shortist borrowed the share, just pay the interest. 

 

Danoxious      ( Date: 02-May-2017 20:42) Posted:



$5k per day is applicable only if SGX is unable to buy in the share and Lim and Tan (Broker) is unable to procure successfully within the time frame.

Other brokers may have different pricing.

However, also if i am not wrong when they say number of days it should be calander days and not business days so starting from the first day of halt which 21st April 2017 it is now already 11 days now.

Very likely that shortist are being imposed heavy penalty.

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Danoxious
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02-May-2017 20:42     
 
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$5k per day is applicable only if SGX is unable to buy in the share and Lim and Tan (Broker) is unable to procure successfully within the time frame.

Other brokers may have different pricing.

However, also if i am not wrong when they say number of days it should be calander days and not business days so starting from the first day of halt which 21st April 2017 it is now already 11 days now.

Very likely that shortist are being imposed heavy penalty.
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EmmGru
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02-May-2017 20:36     
 
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From SGX: fees for borrowing securities to short

http://www.sgx.com/wps/portal/sgxweb/home/trading/securities/sbl

Borrower fees and charges
Type Rate
Borrowing fees Borrowing Rate x Loan Value x Days/365

Where:
Borrowing Rate = 6%
Loan Value = Number of shares x share closing price at the end of each trading date or immediately preceding trading day on which such closing price is available
Days = Loan duration
Administrative fees $21.40 (inclusive of 7% GST) per loan
Default fees $20 per day per loan for each day that the borrower fails to return the securities beyond the due date
Transfer fees $10.70 subject to maximum $107 (inclusive of 7% GST) for each loan received or returned via the designated accounts


 

Danoxious      ( Date: 02-May-2017 20:23) Posted:



Honestly i am not too sure if Halt and Suspension is counted, but from my point of view a stock can be in suspension for about a year and i am a trading firm i wont be lending free money for potentially 1 year.

Maybe someone can help elaborate.

KopRed75      ( Date: 02-May-2017 20:15) Posted:

Does this apply to halted and suspended counter? If so, really hoseh to those kateks. I don't mind the management taking a longer time to finalise the announcements since I already took delivery
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KopRed75
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02-May-2017 20:27     
 
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 Alert Admin 		I shall give my broker a call tomorrow to confirm. If it is indeed so, I shall call AMAL or the sponsor to tell them to take their time...haha.
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Atom99
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02-May-2017 20:25     
 
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I just hazard a guess ...maybe AMAL took this opporturnity to teach all the shortists a lesson ( remember AMAL SP was at one time shoot down  and AMAL  CEO bought 330K of shares).

The longer it  was suspended...the more the shortists ....as posted by Danoxious.

IMO

c3_jail      ( Date: 02-May-2017 20:14) Posted:

Wow 5k per day

Danoxious      ( Date: 02-May-2017 20:11) Posted:



Just out of Curiosity Checked Lim and Tan charges of failed trade

Dam - No wonder the shortists are screaming left and right :-|

Quote

EQUIRES LIM & TAN TO PROCURE THE SHARES?



  In the event that SGX is unable to buy-in the shares by Trade Date +4, CDP may require Lim & Tan Securities to procure the securities by Trade Date +9 or within the time stipulated by CDP, whichever is earlier. If procurement by Lim & Tan Securities is unsuccessful, a penalty of $5,000 for each day a sell contract is overdue, shall be borne by the client.

Unquote


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HoSeyLah
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02-May-2017 20:25     
 
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Currently the attention seems to move to big cap / blue chips stock for now.

I don' t mind it takes a Longer time to resume trading since most of the pennies are heavily sold down recently.

 

 
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Danoxious
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02-May-2017 20:23     
 
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Honestly i am not too sure if Halt and Suspension is counted, but from my point of view a stock can be in suspension for about a year and i am a trading firm i wont be lending free money for potentially 1 year.

Maybe someone can help elaborate.

KopRed75      ( Date: 02-May-2017 20:15) Posted:

Does this apply to halted and suspended counter? If so, really hoseh to those kateks. I don't mind the management taking a longer time to finalise the announcements since I already took delivery.

Danoxious      ( Date: 02-May-2017 20:11) Posted:



Just out of Curiosity Checked Lim and Tan charges of failed trade

Dam - No wonder the shortists are screaming left and right :-|

Quote

EQUIRES LIM & TAN TO PROCURE THE SHARES?



  In the event that SGX is unable to buy-in the shares by Trade Date +4, CDP may require Lim & Tan Securities to procure the securities by Trade Date +9 or within the time stipulated by CDP, whichever is earlier. If procurement by Lim & Tan Securities is unsuccessful, a penalty of $5,000 for each day a sell contract is overdue, shall be borne by the client.

Unquote


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