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Frencken Group Ltd
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victorcy2004
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28-May-2014 10:03
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Yes, Weekly chart showing it is indeed in Bull run now. However it wont reach 3.8 or 4 just within several month. It should be around 6 months to 1 year. So it is still good to do range trading and follow the trend slowly.
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danger
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28-May-2014 09:51
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If  you draw 2 trend lines over a period of last years .... Chart seems to be presenting a bullish symetrical triangle pattern |
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danger
Supreme |
28-May-2014 09:39
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Looks like the support and buying has returned ...... : ) |
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victorcy2004
Member |
27-May-2014 17:57
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I am not the big boy. I mention in the morning to sell the rest depends on the charts, however I was not able to sell at day high 3.22 yesterday and notice the trend changed after hitting 3.22 and then quickly off loaded the rest 50% at 3.19. Anyway we all made $$ during this wave. RSI is now 53, k% is 81, MACD crossed down. This is bearish sign. Need to monitor few more days to confirm. Better off load all and track hourly chart to confirm buy opportunity. Today' s hourly chart is very weak too. It may fall further to 3.1 tomorrow. Whether it will continue to fall or U turn, we have to monitor hourly chart closely.
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danger
Supreme |
27-May-2014 17:36
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But quite strange ways with words u have there, victory2004 ?
26 may which is yesterday..u said to sell over next few days but now u said all sold ? So u might be the big boys to cause capland to drop few cents today ?? 😊
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victorcy2004
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27-May-2014 16:53
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Dont trust Analyst, many analysts says Wilmar will hit 3.75 in Apr, even trading center says so. But I dont believe at all, off loaded all at 3.5. Now it is trading at 3.2, may fall further. Better follow multiple technical indicator to decide and dont be greedy.
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victorcy2004
Member |
27-May-2014 16:50
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First 50% sold at 3.21 last Friday, the other 50% at 3.19 yesterday cos day chart does not look good anymore. I will wait for 3.1 to decide again.
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danger
Supreme |
27-May-2014 16:30
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victory 2004 yesterday u said you unloaded 50% which i  guess is only about $3.19 or $3.20 The question is the next 50% , hold longer or sold today ?   I sold everything . And i reloaded today at $3.13 . Already profited from 8c dividend and selling at $3.21 . No harm to gamble for me . |
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danger
Supreme |
27-May-2014 16:21
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I don' t know , man ! The chart looks  like a deja vu during Sept 10 2012 period ??!!! 90% analysts target are from $3.80 to $4+ now ... |
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victorcy2004
Member |
27-May-2014 16:02
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Need to be careful, daily chart does not look good, it may fall to 3.1 which is critical point. Falling further may trigger bearish. If 3.1 can be supported, then expect further upside.
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danger
Supreme |
27-May-2014 12:19
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I BEY LUN LIAO !! $3.13 I  RELOADED  ! |
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bishan22
Supreme |
27-May-2014 12:09
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3.10 can lu lu again. Good luck. 
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victorcy2004
Member |
26-May-2014 10:27
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unloaded 50% and will continue to sell these few days, expect correction in June.  
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Juzztrade
Master |
23-May-2014 16:06
Yells: "Techincal and long term investor" |
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That is a good move !!! Congra !!!!!
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Isolator
Supreme |
23-May-2014 15:23
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I have offloaded 50% to transfer to pennies.... | ||||
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junction
Master |
23-May-2014 12:37
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Thats probably how it will play out
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bishan22
Supreme |
23-May-2014 11:09
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I' m out. Enough makan for me. Good luck. 
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WanSiTong
Supreme |
19-May-2014 15:12
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CapitaLand - Raising the offer price - a bit too ' Kiasu' ? Written By Stock Fanatic on Monday, May 19, 2014
 
■ Revises offer to S$2.35/share, offer made unconditional
CapitaLand announced today that it will revise the all-cash offer for CMA up by 6% from S$2.22/share to S$2.35/share (ex-FY13 dividend). The revised offer price now represents a 26.8% premium to latest adjusted NTA of S$1.85/share, and at a 20% discount to our RNAV estimate of S$2.95/share. The group has also changed the offer to an unconditional offer with the closure date extended to 09-Jun, and declared the offer price as final. 
 
Note that the group has increased their holding in CMA to 70.4% through open market purchase and have also received acceptances from 2.6% of the issued share capital of CMA.
■ Not a necessary move, in our view
Management cited IFA report, where it puts adjusted NAV for CMA at S$2.28 - 2.35/share, as one of the key reasons for offer revision. Whilst this move would increase the certainty of the deal, the increase might not be a necessary move given the fragmented shareholding and the difficulties in building up blocking position in our view. The &lsquo kiasu&rsquo move does reflect management&rsquo s determination to clean up and move on. 
 
In hindsight, we also think that the offer could have been made unconditional in the first place, which would benefit all minority shareholders and give the group a bit more advantage in the dealing.
 
■ Minimal impact on our estimates
Post completion of the revised offer, we estimate a modest 0.7% impact on our FY14E NAV estimates, resulting in minimal impact to both our ROE and gearing estimates. We revise our RNAV from S$5.62/share to S$5.60/share after factoring in the revised offer price for CMA.  
Technical Analysis
■ We retain our Overweight rating with our Dec-14 PT unchanged at S$3.90/share, reflecting a 30% discount to our RNAV estimate of S$5.58/share.
Key downside risk would be the group&rsquo s inability to achieve its ROE target. (Read Report)   |
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victorcy2004
Member |
16-May-2014 16:29
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Dont think it will fail. This is the strategy to make more minority shareholder to accept the offer in order for capitaland to privatise CMA. In case CAPL cannot obtain 90% of CMA shares, CMA will continue be traded in SGX. However, trading volume may get lower and CAPL may purchase accordingly in Secondary market until trading volumn is so low that could not meet SGX' s requirement, then CMA will be removed from Straits Times Index and even withdraw from listing. It is just a matter of time only. |
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Heero78
Veteran |
16-May-2014 08:49
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why want to up the offer price? the last offer of $2.22 not success? almost 401,582,000 bids on $2.35 dun tell me that the privatisation is going to fail
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