Figtree    Last:0.035   -

Figtree

Yes, like going to chiong after last week's bruising fall. Hold tight for ACTION

halleluyah      ( Date: 26-May-2014 09:51) Posted: Seems like going to run tdy if i' m nt wrong...

 

I drink kopi because i am very sian that ceo never open his golden mouth....but i q at 21 to buy back...maybe will hold if got it..

halleluyah      ( Date: 26-May-2014 09:51) Posted: Seems like going to run tdy if i' m nt wrong...

 

Seems like going to run tdy if i' m nt wrong...

 

Drink kopi liao......change my tikam.target.to.kop...king.of property..hee

 

http://www.btinvest.com.sg/markets/news/69923.html?source=si_news

Based on its stake, vibrant has made multiples in its investment

stockpicker      ( Date: 26-May-2014 07:25) Posted: Sori.. Vingroup was not by Freightlink.  Only Freightlink is now called Vibrant Group.  Somehow confused with Vingroup

 

Sori.. Vingroup was not by Freightlink.  Only Freightlink is now called Vibrant Group.  Somehow confused with Vingroup

 

Getting some more info on FigTree.   It used to be an associate company of Freightlink responsible for the construction of the various warehouses.   Freightlink used to have its warehouses built by a Statutory linked company who used to provide design and build offers having an in-house building design team in the Statutory Board and then sub-contracted out the building work to its smaller contractors.   That Statutory linked company has very little assets as well as debts as it was set up as an experiment to try out how Statutory Board could diversify its role.  Not quite sure if   FigTree is &ldquo copying&rdquo   the same company model but this may be how Freightlink was the major shareholder.

 

While there is nothing wrong with such a company structure were it clients become the major owner of the listed company.  This sort of company will always has a tendency to &ldquo cling&rdquo onto its &ldquo mother&rdquo until it can set its foot to compete with its larger brothers like Chip Eng Seng.  Somehow,  one may not be able to look at FigTree at the moment without looking at Freightlink   as this is where FigTree will get most of its building contracts.   One question will be   what if   Freightlink&hellip ?

Freightlink is now busy setting up a new company called VinGroup in Vietnam.

 

 

Barren Figtree  vs one with fruits.....

 

Ok. Thanks.. i just tikam only

PoorEric      ( Date: 25-May-2014 12:03) Posted: --- Post Removed by User ---

 

Look like bbs control counter..that why so many pump and dump since listed....trade with care...

stockpicker      ( Date: 25-May-2014 07:34) Posted: Try this link, if not have to copy and paste https://sg.finance.yahoo.com/news/figtree-holdings-ltd-management-reply-080000759.html stockpicker      ( Date: 25-May-2014 07:28) Posted: Someone posted this gluesome picture in this forum before and asked to short this counter.. but how many paid attention? https://sg.finance.yahoo.com/news/figtree-holdings-ltd-management-reply-080000759.html The intertwines was so complex that even the management did not answered all the 10 questions.  Among the questions, there were the conflict of interests between FigTree and Frieghtlink who was its client,  then   three out of its six directors have been questioned by the Commercial Affairs Department (CAD) in two separate matters. Just hope someone who are familiar with the gluesome story can shed some lights as to what happened afterwards and why stock prices rose so very high  and how come a relative unknown construction company with B2 BCA grade can come out all of a sudden and became a rising star performer in SGX and then, what happened recently.

 

Try this link, if not have to copy and paste

https://sg.finance.yahoo.com/news/figtree-holdings-ltd-management-reply-080000759.html

stockpicker      ( Date: 25-May-2014 07:28) Posted: Someone posted this gluesome picture in this forum before and asked to short this counter.. but how many paid attention? https://sg.finance.yahoo.com/news/figtree-holdings-ltd-management-reply-080000759.html The intertwines was so complex that even the management did not answered all the 10 questions.  Among the questions, there were the conflict of interests between FigTree and Frieghtlink who was its client,  then   three out of its six directors have been questioned by the Commercial Affairs Department (CAD) in two separate matters. Just hope someone who are familiar with the gluesome story can shed some lights as to what happened afterwards and why stock prices rose so very high  and how come a relative unknown construction company with B2 BCA grade can come out all of a sudden and became a rising star performer in SGX and then, what happened recently.

 

Someone posted this gluesome picture in this forum before and asked to short this counter.. but how many paid attention?

https://sg.finance.yahoo.com/news/figtree-holdings-ltd-management-reply-080000759.html

The intertwines was so complex that even the management did not answered all the 10 questions.  Among the questions, there were the conflict of interests between FigTree and Frieghtlink who was its client,  then   three out of its six directors have been questioned by the Commercial Affairs Department (CAD) in two separate matters.

Just hope someone who are familiar with the gluesome story can shed some lights as to what happened afterwards and why stock prices rose so very high  and how come a relative unknown construction company with B2 BCA grade can come out all of a sudden and became a rising star performer in SGX and then, what happened recently.

 

 

You are right. They might not be SSH by name but  under the institution' s name if the total holding of margins is more than 5% by a single entity..  once,  they call up the margins.. many will kena but this is not as bad as Blumount,  Lion and Asiason in terms of volume.

edwinjup      ( Date: 24-May-2014 23:24) Posted: Think if they use.margin to.buy...share will.not register.under their.name...cimb non.marginable also...uobky think.cap.at 30k only...mainly due.to.it catalist status... stockpicker      ( Date: 24-May-2014 23:16) Posted: Not intended to scare  but the worst could happen is some SSHs were  buying using  margins like someone in Blumount,  Lion and Asiason.    The SSHs might not be worried but their Banks and brokers are NOT   especially when markets are almost at its top.. and there is no disclosure required for using margins.    So,      it is not all that wise to catch any " falling knife" even if one has made piles before catching plenty of " falling knives" .

 

Some speculated that it is just 6-month moratorium period sale.  But why the sale is so kan cheong  like panic until it cuts 50% of the price.  The drastic price cutting is telling  that this might not be the case.  More like margins selling   at work.

 

Think if they use.margin to.buy...share will.not register.under their.name...cimb non.marginable also...uobky think.cap.at 30k only...mainly due.to.it catalist status...

stockpicker      ( Date: 24-May-2014 23:16) Posted: Not intended to scare  but the worst could happen is some SSHs were  buying using  margins like someone in Blumount,  Lion and Asiason.    The SSHs might not be worried but their Banks and brokers are NOT   especially when markets are almost at its top.. and there is no disclosure required for using margins.    So,      it is not all that wise to catch any " falling knife" even if one has made piles before catching plenty of " falling knives" .

 

Not intended to scare  but the worst could happen is some SSHs were  buying using  margins like someone in Blumount,  Lion and Asiason.    The SSHs might not be worried but their Banks and brokers are NOT   especially when markets are almost at its top.. and there is no disclosure required for using margins.    So,      it is not all that wise to catch any " falling knife" even if one has made piles before catching plenty of " falling knives" .

 

The SSH knew that their holdings will be used for shortings but they might not be aware that it will do so much damage as FigTree  is a company with sound management and good earnings.  They could  do nothing  now to reverse until the holdings are returned.  They might be also some who just nake short and also some SSH selling.  We should know by next week when SGX makes some  announcements. 

 

nngeeh Member

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I think the ssh wouldn' t want to loan out for someone to shoot down their own share just to get only small percentage from the loan, but their total holding had gone down by almost 50%. This wouldn' t not release their own holding as the loan share will need to return back. The more likely scenario is that there could be a possibility of private placement where it is normally placed out at 10% of it' s current average price. The share price will be shorted down to make the placement more attractive.

 

This will depend on the contracts between CDP with the lenders and the borrowers.  Lenders cannot recall  but they can sell. CDP will find somewhere to fill up.. so not much effect until the borrowing period ended  and not extended.

ssw518      ( Date: 24-May-2014 17:02) Posted: as far as i know, no need to report, nevertheless they can  request to  cancel the loan out  or recall back. this is where the squeeze will come in, sincerely hope they do that if they did loan out...huat ah edwinjup      ( Date: 24-May-2014 03:45) Posted: Anyone know whether ssh or mgt loan share to shorties to short need filing to sgx?

 

I think now probably depends on coming market conditions and whether these short sellers willing to reverse their short sell position to buying up position. If they not going to give up any sooner, soon can see it reaches 22cts or even lower level. Since 22cts is its ipo price, I think that should be a strong support level.

 

Sgx is largest share.lending company in singapore....lol... share price at 44c is over value but at current price 23c...the share look at value even directors start buying ....

Novice13      ( Date: 24-May-2014 20:42) Posted: If Figtree major shareholders or mgmt loan out their shares to let speculators to bring down its shares price, I think that it an irresponsible act that likely tarnishes the company reputation and not fair to retail investors who bought the shares at sky high prices. I dun think any retail investors would like to see their shares investments to reduce more than 50% within a few days period without any good reason. For the second reason of shareholders cutting down their holding stakes after 6 mths of its ipo launching, why the needs for the major shareholders to reduce their holdings stakes if they are confident in this company or maybe they think that it is overvalued?