Latest Forum Topics /
JEP
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STI to cross 3000 boosted by long-term investors
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Siwomp
Supreme |
05-Jun-2017 15:34
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low vol means.......T+3 (Tues) & T+5 (Thurs)  price likely to be under pressure........... | ||||
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Siwomp
Supreme |
05-Jun-2017 11:15
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History repeats...... low vol. some support at 29. | ||||
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lifeisgood
Supreme |
02-Jun-2017 09:42
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Funny thing is AFTER NRA wrote a research report for JEP a few years ago, how can he be appointed as an INDEPENDENT director? SGX never questions? Was there a deal / agreement before hand? | ||||
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lifeisgood
Supreme |
02-Jun-2017 09:19
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There is a more detailed report on today' s edge, but I dont know how to cut and paste here. NRA did awful things like giving someone a few hundred thousands dollars rebate after collecting the research report fees. After reading this, one wonders whether NRA does proivide any INDEPENDENT research, as it always claimed.  |
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lifeisgood
Supreme |
02-Jun-2017 09:08
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Just for info:
SINGAPORE - The Monetary Authority of Singapore (MAS) said on Tuesday that it has served notice of its intention to issue Prohibition Orders (POs) against three individuals over 1MDB-related transactions. The three individuals are Mr Kelvin Ang Keng Wee, a former representative of Maybank Kim Eng Securities, CEO of NRA Capital Mr Kevin Scully, and its former head of research Mr Lee Chee Waiy. If the POs take effect, the individuals will be prohibited from providing any capital markets and financial advisory services.
They are also prohibited from taking part in the management, acting as a director, or becoming a substantial shareholder of any capital markets services or financial advisory firm in Singapore.  
According to MAS, NRA was appointed through Mr Ang' s introduction to perform a valuation of PetroSaudi Oil Services. Last Wednesday (May 24), Mr Ang was convicted for bribing Mr Lee with $3,000 to expedite the preparation of a valuation report on PetroSaudi. Mr Lee had been the primary person in NRA working on the valuation. Apart from accepting the bribe, he was also found to have applied inappropriate methodology and assumptions in the valuation of PetroSaudi Oil Services. As CEO of NRA , Mr Scully had failed to ensure that his analyst, Mr Lee, had exercised sufficient care, judgment and objectivity in the valuation, said MAS. The proposed PO duration for Mr Ang and Mr Lee will be for a period of six years, while Mr Scully may face a 3-year prohibition. Lifetime POs issued by MAS MAS said on Tuesday that it has also issued lifetime POs against two convicted employees and a 15-year PO against another individual. The two that were issued lifetime POs are former Falcon Private Bank branch manager Jens Fred Sturzenegger and  Yak Yew Chee from BSI Bank Limited. Yvonne Seah Mei Ying was issued a 15-year PO. Sturzenegger, who is a Swiss national,  was convicted on Jan 11 of financial crimes  including providing false information to authorities in an attempt to cover up his knowledge of Falcon Bank' s relationship with Malaysian tycoon Jho Low. Sturzenegger was sentenced to 28 weeks in jail. Yak and Seah were convicted of multiple counts of failing to report suspicious transactions and of forging reference letters at BSI Bank on behalf of Mr Low. Yak was sentenced to 18 weeks jail and fined $24,000. All three are prohibited from providing any capital markets and financial advisory services. [email protected] |
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lifeisgood
Supreme |
02-Jun-2017 08:58
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Kevin Scully, boss of NRA Capital, was banned by MAS for 3 years because his firm took bribe from Kim Eng Mr Ang, and wrote a research report valuing PSOSL at USD 2.4 billion, when in fact it should be worth only a tiny fraction of it. Kevin Scully joined JEP as an independent director a few years ago after valuing JEP at 5.5 cents. A lot of people jumped in and were trapped until now. Be careful.   I think Kevin Scully should be investigated for this as well.    |
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lifeisgood
Supreme |
01-Jun-2017 22:59
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Will take a long time for the chng kay to consolidate their holdings
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BrotherHuat
Member |
01-Jun-2017 22:40
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For the share price to rise the counter needs BBs to push the share price. More free floats means better chance for the BBs to push the share price. Less free float means that SSH are holding on to the shares and they can' t trade without disclosing ie if they buy or sell their shares and this makes it impossible for SSH to push the share price without making an announcement. Accumulation has been going on for a while now, just wait for the big push and not to worry about the large free floats.
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lifeisgood
Supreme |
01-Jun-2017 22:20
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Noted.
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Adtower
Veteran |
01-Jun-2017 22:17
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Good vol today tml will try again | ||||
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Adtower
Veteran |
01-Jun-2017 18:00
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Doesnt matter free floats most importantly biz doing good how many floats also can't stop it flying
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Siwomp
Supreme |
01-Jun-2017 17:59
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Final score Sell to Buy Queue = 13.36mil shares Buy from Sell Queue = 15.54mil Shares   |
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Siwomp
Supreme |
01-Jun-2017 13:34
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For the sake of discussion only.  What are the things that will cause a rise in the share price. 1) A takeover by a bigger rival. 2) Fight for control of Company. 3) BBs push All the above 3 scenarios have a higher chance of happening if the valuation of JEP increase which probably will mean 1) higher revenue and profit 2) Major contract wins, especially in the aerospace or automotive industry. 3) Strategic tie up, collaboration  or coming in of strategic investors 4) Break throught technology, patents (unlikely)  But of course, retailers would have push up the prices if the about any of the 4 scenarios already happen or make public. So the BBs and the SSHs would need to starts accumulating way before these 4 scenarios happens or make public....... so IMHO, we are now in the point in time where the BBs or SSHs is likely to be more aggresive in their accumulation.......(remember result estimated to be out in Aug)......At current price of 3.1 cents, the Market Cap is about S$45mil, half of that is S$22.5, with margin and leverages.............. it will be interesting.  By the way there was also a married deal at 3.0 cents of about 1.4mil shares today............so, ya .. interesting.  DYODD. |
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chiachiawee
Elite |
01-Jun-2017 13:08
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I think we got to be realistic and understand the stock is worth 3 cents now. It is still too far to say whether it will reach $1, though anything is possible say another 5 or 10 years.
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lifeisgood
Supreme |
01-Jun-2017 12:55
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This stock is swimming in lots of free floats. I think it needs to do a share consolidation if chng kays want to control the stock. Now quite hard. 
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ticktock
Master |
01-Jun-2017 12:42
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Would love to buy this if there are less number of shares floating. SSH combined holding around 700 mil which means lot of shares with marketmakers and speculators. | ||||
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Siwomp
Supreme |
01-Jun-2017 12:34
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Interesting......... | ||||
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Adtower
Veteran |
01-Jun-2017 11:33
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Can reach $1 not?
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chiachiawee
Elite |
01-Jun-2017 11:16
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Thanks for your analysis Joseph. Perhaps the tight bid range for the whole year does not give me sense of worry. Have a good weekend:)
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Adtower
Veteran |
01-Jun-2017 11:12
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At least this climb up from 26-27 to now 31 mah
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