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Thanks here too for the kopi $.
Watch out for sudden pullback...it has happenned couple of times in the last two months.
Burned myself holding this counter. No vested anymore.
Cheers.
Burned myself holding this counter. No vested anymore.
Cheers.
It seems the interest is pretty strong!
francisd ( Date: 27-Aug-2020 09:23) Posted:
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It is very impt to be early mover to identify potential stock that will move up.
I have been collecting.
francisd ( Date: 27-Aug-2020 09:23) Posted:
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Matter of time the price discovery process kicks in with improvements to fundamentals. Avarga spiked recently with the sharp recovery of lumber pricing (and of course some other developments as announced).
ghetto ( Date: 27-Aug-2020 09:11) Posted:
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Hi All, this counter trading below its would be rights price of .225. It seems no one interested.
Cheers.
Cheers.
Started to stir up...watching it
Thanks shifu. Just further observations after taking a deeper dive at the rights issue announcement:
- Sinochem will subscribe for their pro-rata portion (~55%) and given that rights are currently below water (rights price of 22c), it is quite unlikely that other shareholders will subscribe since it is nil value and cheaper to just buy on market. Given this scenario, assuming nobody else subscribes, Sinochem will up their ownership to 64.7%
- If Sinochem decides to subscribe for all the excess, then they potentially up their stake to 70% on an enlarged basis
Seems quiet and no updates on the circular being despatched as yet but as at closing yesterday, TSR20 rubber futures continue its climb so fundamentally the sector outlook is improving. Quoting from their announcement on rationale for the rights issue:
" This will enhance the Group&rsquo s ability to formulate, strategise and execute its business plans as the market enters the cyclical recovery cycle, which is expected to drive both volumes and market prices. It will also provide the Group with greater financial capacity and flexibility to capitalise on any investment opportunities in a timely manner as and when such opportunities arise."
- Sinochem will subscribe for their pro-rata portion (~55%) and given that rights are currently below water (rights price of 22c), it is quite unlikely that other shareholders will subscribe since it is nil value and cheaper to just buy on market. Given this scenario, assuming nobody else subscribes, Sinochem will up their ownership to 64.7%
- If Sinochem decides to subscribe for all the excess, then they potentially up their stake to 70% on an enlarged basis
Seems quiet and no updates on the circular being despatched as yet but as at closing yesterday, TSR20 rubber futures continue its climb so fundamentally the sector outlook is improving. Quoting from their announcement on rationale for the rights issue:
" This will enhance the Group&rsquo s ability to formulate, strategise and execute its business plans as the market enters the cyclical recovery cycle, which is expected to drive both volumes and market prices. It will also provide the Group with greater financial capacity and flexibility to capitalise on any investment opportunities in a timely manner as and when such opportunities arise."
Shifu8888 ( Date: 26-Aug-2020 11:00) Posted:
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A few things to look out:
Announcement that other substantial shareholder may fully subscribe the rights. Not sure. But if this is true, the price needs to go up to 0.22 and more
Circular for rights To be sent out soon
Market players need to be present to ensure subscribers make money and the theoretical ex rights need to be at 0.305 to make this exercise credible.
Else, must well fold up the company.
Announcement that other substantial shareholder may fully subscribe the rights. Not sure. But if this is true, the price needs to go up to 0.22 and more
Circular for rights To be sent out soon
Market players need to be present to ensure subscribers make money and the theoretical ex rights need to be at 0.305 to make this exercise credible.
Else, must well fold up the company.
n3wbie ( Date: 26-Aug-2020 10:52) Posted:
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Was just doing a check on historical performance and HA has always traded in close correlation to the performance of TSR20 rubber futures, at least over the last 5 years. Since the recovery in end March to date of ~25% rebound in TSR20 rubber prices, HA has declined 36% in share price returns. This is an interesting divergence for the first time - question is if it is a case of market asymmetry where the recovery has not been priced in?
Quite frankly, if I am the majority Chinese owner, this makes a perfect privatisation target. Coming in low helps to average out their investment cost, when they came in much higher previously.
Quite frankly, if I am the majority Chinese owner, this makes a perfect privatisation target. Coming in low helps to average out their investment cost, when they came in much higher previously.
Has been on radar for a while now but do you mind sharing your views? Share price currently trades below its rights issue price of 22c. TSR20 rubber prices is on an uptrend so there is a disconnect between that and share price performance of HA. Perhaps market will price it accordingly in time to come.
Shifu8888 ( Date: 25-Aug-2020 13:49) Posted:
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Am putting this on radar.
Watch this in the coming weeks.
Yes from now onwards it should mimick the movement of semcorp marine
ghetto ( Date: 25-Aug-2020 11:33) Posted:
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Hmm...looks interesting from here.
Time to nibble some. Poised to climb up soooooon
since they not involved in glove rubber need to wait for mainstream rubber play. Looks like STA and Halcyon are both mainstream players.
Agree, the rally TSR20' s futures caught my attention but sustainability of the uptrend is one to watch out for because rubber appears to remain oversupplied within the industry
spanky ( Date: 16-Aug-2020 13:57) Posted:
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Rubber price hike from $100 in end March to $130 in August. Will continue to rise if economies open up more when vaccine is out early next year.