Jardine C&C    Last:28.83   -

Jardine C&C

 

Ang Mo houses are playing sian Currency Crisis Round 2 (after 1997/98).

95% of earnings of Jardine CnC are from Astra, which is mostly Ringgit and Rupiah, both of them are crashing daily to all time low. 

So they wont stop selling Jardine CnC.

 

haha, paiseh. if this is the case, i load a bit today later.

rayoflight      ( Date: 07-Jul-2015 14:44) Posted: thats why some pple nv go read.. anyhow pom here and there. sibeh kumlan.       the dilution of rights is only 10%. 1 right @ $26 for every 9 existing shares. On 23 June closed 35.80. 24th June closed 35.12 which is already adjusted for XR. Current weakness is due to ang mo houses shorting 80% of it' s trading volume.

 

thats why some pple nv go read.. anyhow pom here and there. sibeh kumlan.

 

 

 

the dilution of rights is only 10%. 1 right @ $26 for every 9 existing shares.

On 23 June closed 35.80. 24th June closed 35.12 which is already adjusted for XR.

Current weakness is due to ang mo houses shorting 80% of it' s trading volume.

 

 

 

eh, dunno dont anyhow pom. 24 June was XR date.. it' s already trading X-rights price now. 9th July is end of rights trading date.

earlybird14      ( Date: 07-Jul-2015 11:12) Posted: i think market will still value Jardine as good dividend stock. 26 to 27 will be good entry price if it really hit. If you are not prepared to load the right,wait till ex-right date, but i think it will bounce after ex-right. Woods30      ( Date: 03-Jul-2015 14:34) Posted: Hi...what would be a true value for this stock you think? thnk u

 

I thought ex-rights was on 24Jun?

 

i think market will still value Jardine as good dividend stock. 26 to 27 will be good entry price if it really hit. If you are not prepared to load the right,wait till ex-right date, but i think it will bounce after ex-right.

Woods30      ( Date: 03-Jul-2015 14:34) Posted: Hi...what would be a true value for this stock you think? thnk u earlybird14      ( Date: 09-Mar-2015 14:24) Posted: Finally, break 42, time to go below 40. Most overvalued stock in SGX.

 

Ex-Right date is 23 July. Really don' t know why you all so rush to buy.

Bank are selling the right to market. right price is 26, so, high likely will see 26 to 28 soon. 

 

Likely heading towards $25 soon.

 

Hi Risktaker. You ve seen the lowest of jardine c&c in 2011. What your take now on this counter. ?

risktaker      ( Date: 21-Jun-2011 10:15) Posted: like we say we wont support jardine anymore due its nature of the business. With its recent peak according to its business cycle. we believe there will be weakness in the industry especially with COE price at high in sg and peak of astra sales in indo. we expect jardine to hit $35 dollar soon. If 35 broken we are likely to see $31 as support. if that is broken we could be looking at 20-28 range. becareful trade with care.

 

Hi Jeremy. What does GG stands for. Tks

 

This is a GG stock. Broke previous low of $31.50 in Aug 2013.

 

I think it gonna be a long term pain.. Indonesia money dropping, their profit seem very gloomy plus Greece pattern all come out.. can keep at least half a year if fast..

rayoflight      ( Date: 06-Jul-2015 14:03) Posted: short term pain.. been dropping for a week and the no. of shorts are very high

 

how many ordinary shares I get from rights issue ?  what is 9:1 @ 26

 

short term pain.. been dropping for a week and the no. of shorts are very high

 

Definetly won't drop until 27... that's like half of its peak price two years ago... feel one of these days sure rebound... collected 2k myself at average of 31.95

 

I think u should go read up more on jc&c business as a whole.. Nope, astra is not malaysia tv channel. Pls do ur own homework.

 

u think it will drop further though..,. ? say around 27 dollars?

BBbull      ( Date: 03-Jul-2015 15:52) Posted: Some resistance around 31.40-31.50 level will be good to pick up if it reaches there... make sure you get in before rebound tho.

 

after the 9 th of July can start to buy   ? safer then? what is the price without the rights anyone here know?

rayoflight      ( Date: 03-Jul-2015 17:33) Posted: With the rights still trading until 9th July, still expecting a little lao sai. Long term wise 6mths-12mths should be able to take a decent profit. The last time they did a rights issue was 2003. They intend to use the SGD1bil proceeds to pay down 82% of the term loans of US$626 million drawn down to acquire a 24.9% interest in Siam City Cement Public Company in April. So they still have 370mil to shore up their balance sheet or make aquisitions? I dont see their parent JSH selling any shares of JC& C and they will fully subscribe to the rights issue. Probably they are also taking this chance to buy at a cheap valuation.. be patient!

 

astra is a tv station?

rayoflight      ( Date: 03-Jul-2015 17:26) Posted: buy slowly.. been adding today.. but dunno when it is gonna bottom so staggered my buy.. but at current price, P/E is about 10-11, i would say the valuations are pretty safe now. Of course, JC& C is very much dependable on Astra and indonesian mkt. Indonesia economy is still weak..

 

With the rights still trading until 9th July, still expecting a little lao sai. Long term wise 6mths-12mths should be able to take a decent profit.

The last time they did a rights issue was 2003.

They intend to use the SGD1bil proceeds to pay down 82% of the term loans of US$626 million drawn down to acquire a 24.9% interest in Siam City Cement Public Company in April. So they still have 370mil to shore up their balance sheet or make aquisitions?

I dont see their parent JSH selling any shares of JC& C and they will fully subscribe to the rights issue.

Probably they are also taking this chance to buy at a cheap valuation.. be patient!