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HankoreEnv (U9E) Discussion
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Ronron
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06-Jun-2014 20:03
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Bingo. This is exactly what I think. If you can go to the EGM to ask about the rabbit, and what he is keeping from us, please share with us. I have a feeling that hankore needed the better interest rates to survive, or maybe it needed a strong backer to do something for him that he couldn' t do on his own. However, he also knows that if he don' t pull off the RTO, it would be a lot worse. You got it spot on.
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Spivvy
Elite |
06-Jun-2014 20:01
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I get china everbright branding lor. Hankore by itself no brand, cannot get funds if it needs to, cant expand if there are M&A opportunities, can oni lan lan see others kio tio. After the merger, it become stronger more recognition in the mkt lo i guess. Better brand maybe institutional funds will like. Can get projects easier? Better quality assets? I duno u tell me bah. Im the most stoopid here.
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Ronron
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06-Jun-2014 19:59
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Spivvy since you like hankore so much, why don' t u just buy into china everbright international. Then you would have hankore and also waste-energy segment in your portfolio as well.
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cccx123
Elite |
06-Jun-2014 19:57
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It is like HK needs CEI more than CEI wants HK. That's probably why CEI was able to extract such punishing concessions from the board. Without RTO, px will probably drop a lot lower than with RTO. So it is just taking the least loss. I really hope David knows something we all do not. Hopefully he has another rabbit to pull out of the hat. | ||||
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Ronron
Member |
06-Jun-2014 19:56
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Ccccxxxx u r wise. fully agreed. hope u can get some answers at the egm.
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Spivvy
Elite |
06-Jun-2014 19:54
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God, please give me peace of mind, to accept things which i cannot change, and give me strength & courage to do the things that i can change, and finally wisdom to differentiate between these two. So that when my final day in life comes, the question that i need to answer is not "How much money do i have"? But rather, "How much regrets do i have"?
Brothers, remember. No regrets. |
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Ronron
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06-Jun-2014 19:54
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Won' t toh lah. it' s just like how ascendasreit sold off their properties at an all-time high price to retailers as part of Ascendas Hospitality Trust. It was already fully valued then, still generating recurring income, but the value of the properties dropped le. It' s just like you buy your hdb house at 500k with a COV of 1.5mil, but the good thing is more goodies for u and a lower interest rate. U have to ask David Chen why he did this.
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cccx123
Elite |
06-Jun-2014 19:51
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They are the controlling shareholder. There are other benefits besides capital appreciation. They get a percentage of HK's profits in their financial statements. What % do you get?
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Spivvy
Elite |
06-Jun-2014 19:51
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For the past week, i had to toh one bottle everyday then can sleep well. Go to work oso boh mood. Staring at hankore stagnant water everyday & telling myself i will see better days. | ||||
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edwinjup
Supreme |
06-Jun-2014 19:47
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Hk ..with cei actually a better company..but with pe 59 is not a value counter...practise value.investing ..look for roe at least 15 and gearing below.0.5...maybe with some div yield.....local company..most are quite.pretty.......but take time...may be 6 months...1 year or.more.....cheers.....
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Spivvy
Elite |
06-Jun-2014 19:46
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Dont forget everbright will be holding 78% of the enlarged share capital. If hankore toh, they will be dragged down as well. | ||||
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cccx123
Elite |
06-Jun-2014 19:44
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He/She want to get out of Hankore but want to buy two other pump and dump stocks lol. LG is only viable if the current management vacate their positions and bring in new blood. Same with ipco, blumont, asiasons, etc. oh well...good luck I guess. I am really disappointed with the RTO deal now that I have looked into it in-depth. Your speech, Spivvy, only applies to when HK was still a standalone entity. Think I'll bring water balloons to the EGM also.
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Ronron
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06-Jun-2014 19:36
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I mean " not" much room for improvement.
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Spivvy
Elite |
06-Jun-2014 19:36
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U sell half buy LG later it toh to 3c or suspend, delisted how? And hankore jumped? Double whammy bro better think twice. LG not looking good tats why ccx sold at 15c leh. Loss making compared to hankore profits will grow quarter by quarter.
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Ronron
Member |
06-Jun-2014 19:35
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Because Hanwhore last time people invest thinking that China everbright inject their assets at 1.0x to 1.3x p/b value, this would mean that hanwhore is worth 1.50++. Now, the price injection is 4.5x p/b, means that hanwhore, is now fully valued already. Any increase in value of its assets is at most a little bit through their asset enhancement initiatives. Moreover, 13 of their plants are already A grade, so now much room for any improvement le, and even that has already been priced in through the RTO. There are other shares out there that can give me a better value for my money, so that' s why people run road le. It make shareholder feel that China Everbright intention is to cash out on their assets at the expense of hankore investors, which is what a lot of pple don' t like. No offence to anyone, don' t need to rebut me to prove I' m wrong also. You make your decision and the share price will tell you the outcome. I' m just sharing my 2 cents worth  of information since i run-roaded on the first day. Based on a 3x p/b average of china water plays, Hanwhore is fully valued at 0.93. It' s just like in 2008 your coffeeshop never renovate, looks old maybe worth 1mil. Once you touch up, worth 1.5mil. But in 2011 because of property craze, the value of your property is 4.5mil. Now already quite max le, don' t think can go any higher for a coffeeshop. So what you do? You sell it off first. Some people may say the coffeeshop may be able to get a lot of money for you because it has been reno-ed and considered as A grade, but at 4.5mil you already paid so high for it. What' s the chance another person will buy it at say 5.5mil? I don' t think so. So what do investors do? Find another lousy coffeeshop that looks like rotten apples and then buy it over to do a reno on it and make it A-grade and sell it off again. But because now is the water craze, so valuations are already high. Somemore, now china everbright sell off their water properties at an all time high. It' s just like you sell your condo last year at its peak, now property not so hot le, so drop 12% in value le. Hanwhore is also in a similar situation. Make your own decisions, this is my 2c, no need to reply to me, cause i' m done with hankore and nothing gonna change that. Hope it can enlighten you too.
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Spivvy
Elite |
06-Jun-2014 19:31
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No need frustrate. Pushing down px to collect cheap. No worries px wont go down below 1 lollar tat easily. Alan wang bought at 90c+ will have enough support at $1.
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wxp8838
Veteran |
06-Jun-2014 18:15
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the key is if you have cash in hand ,and how much .
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dudu12
Member |
06-Jun-2014 18:12
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I am just wondering the most you guys lost in a single trade or counter. A series of this kind of setback can really kill your confidence whereby you dare not execute even when you think it is right. |
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wxp8838
Veteran |
06-Jun-2014 17:59
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If I cash out ,I won' t touch counters anymore .I just can not handle this .for my family' s sake . this hanwhore is bad ,others maybe worse even the worst .
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edwinjup
Supreme |
06-Jun-2014 17:48
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Cut and move on...still a lots of beautiful counters outside....
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