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Refinancing risk (one reason for distribution suspension) is the key factor depressing the prices for both KORE and PRIME. The latter is quietly confident to refinance before July debt is due. KORE need to bring leverage down significantly below 45% to have a better position to negotiate with lenders.
I think it' s a matter of time for KORE to regain its lead in its share price...
CoolAngler ( Date: 22-Feb-2024 14:17) Posted:
| Looking at the NAV of Prime @ 60cts versus KORE @ 69cts... KORE appears to have a better value... Prime' s div of 0.25cts doesn' t seem compelling in terms of value... |
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Looking at the NAV of Prime @ 60cts versus KORE @ 69cts... KORE appears to have a better value... Prime' s div of 0.25cts doesn' t seem compelling in terms of value...
Sold 100lots at 142 huat ah
piscesmonkey ( Date: 21-Feb-2024 09:33) Posted:
| Bought 123 100lots going rebound |
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Day high...big technical rebound building up. RSI below 20.
Watch as the short covering picks up momentum
piscesmonkey ( Date: 21-Feb-2024 14:44) Posted:
Start to rebound liao
TraderBen ( Date: 21-Feb-2024 09:35) Posted:
| i bought at 125.. 100 also.. play pla |
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Start to rebound liao
TraderBen ( Date: 21-Feb-2024 09:35) Posted:
i bought at 125.. 100 also.. play play
piscesmonkey ( Date: 21-Feb-2024 09:33) Posted:
| Bought 123 100lots going rebound |
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i bought at 125.. 100 also.. play play
piscesmonkey ( Date: 21-Feb-2024 09:33) Posted:
| Bought 123 100lots going rebound |
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Bought 123 100lots going rebound
I believe , prime will reduce 6% in valuation . Whether they keep a base div or not, that one dun know.
But as of NOW, whatever happens to Prime, Kore is confirmed worse already. And the market already assumed Prime wld do the same and already dropped Prime. Ie the price is baked into Prime liao.
Kore and prime have same value of assets , and same debt , roughly similar. Ppl who thought Kore was safer, were fooled. They werent. Might as well have bought prime when prime was 15 to 16ct than Kore at 25 to 30ct.
Kore and Prime will be around 10 to 12ct , similar value for 1 to 2y
But, if Prime maintains div. Prime will split above Kore and be above 15ct cos the Kore crowd will dump even more kore and move to prime.
Place your bets guys.
Long 4,000,000 Prime.
stockinvestor ( Date: 20-Feb-2024 20:25) Posted:
Prime will announce results tomorrow after market closes. Does anyone know if Prime needs to write down any asset value? If it does then the dynamics swings back to Keppac?
delsolvtec ( Date: 20-Feb-2024 19:05) Posted:
| Kore is at 12ct NOT becos of contra guys.
Its value has dropped due to dividend suspension, its price is now converging to Prime. Because their asset values and debts are similar.
Only difference is Prime debts r more secured and they have not announced a dividend suspension.
The trade is Short Kore, Buy Prime.
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Prime will announce results tomorrow after market closes. Does anyone know if Prime needs to write down any asset value? If it does then the dynamics swings back to Keppac?
delsolvtec ( Date: 20-Feb-2024 19:05) Posted:
| Kore is at 12ct NOT becos of contra guys.
Its value has dropped due to dividend suspension, its price is now converging to Prime. Because their asset values and debts are similar.
Only difference is Prime debts r more secured and they have not announced a dividend suspension.
The trade is Short Kore, Buy Prime.
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That is true , but KORE is not done selling. So Dont catch a falling knife.
Kore will end up around 10ct or less.
Then you can buy. Prime shorts have been covered, kore is where the Shorts are at now.
Buy on fear.. NAV become super attractive if u r able to hold it out. I am sure bargain hunters will come in. And if interests rates cut along the way. There might be chance distribution might be reinstated..
Dyodd
delsolvtec ( Date: 20-Feb-2024 19:05) Posted:
| Kore is at 12ct NOT becos of contra guys.
Its value has dropped due to dividend suspension, its price is now converging to Prime. Because their asset values and debts are similar.
Only difference is Prime debts r more secured and they have not announced a dividend suspension.
The trade is Short Kore, Buy Prime.
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Kore is at 12ct NOT becos of contra guys.
Its value has dropped due to dividend suspension, its price is now converging to Prime. Because their asset values and debts are similar.
Only difference is Prime debts r more secured and they have not announced a dividend suspension.
The trade is Short Kore, Buy Prime.
So will the same contra guys sell further tomorrow ? Earlier they valued it at 40 cents and suddenly now they think it should be 10 cents ?
if contra the day befoe it plunges.. lost big time today is due date
stockinvestor ( Date: 20-Feb-2024 16:52) Posted:
| Are there still contra players in the market these days? If they are they would be selling today? |
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Are there still contra players in the market these days? If they are they would be selling today?
https://www.dbs.com.sg/private-banking/aics/templatedata/article/recentdevelopment/data/en/DBSV/022024/KORE_SP_02162024.xml
This valuation seems rather too low !
Singapore market today rebounding a bit but this share going opposite direction ! Not sure where the sellers are coming from ....??
Waiting for 8 cents to come then may be can tikam a bit!
wondering is Kore run by americans?
