Post Reply
81-100 of 372
Speculating, always works. Let's see how high can gallant go, today gallant is not past gallant. It owns no 2 car sellers in one of the fastest growing country which is 4th highest population country in the world.
lucky168 ( Date: 13-Jun-2014 20:15) Posted:
|
many analysts have been crowing about how huge land development Gallant has, compared to Spore since many many years ago
just unfortunate that it is still a piece of wasted land till today
54 page report from DMG but seem like the link is not working. very comprehensive and valued gallant very high.
I personnelly dislike DMG, stock under their coverage will become complicated and never go straight line uptrend. Just prepare the roller coaster type of trading in coming months.
| earlybird14 ( Date: 13-Jun-2014 15:50) Posted: |
Up to now, volume 11204lots, 1700lots really mean nothing. It may close at unchanged today.
Well said!!! Earlybird....fully agree
Yes. Therefore I bought gallant without their coverage. However you can trust their first coverage. After that, be careful for 2nd and 3rd. 50+ cents is realistic based on present revenue, nav and break even book.
TuaPekGong9413 ( Date: 13-Jun-2014 11:50) Posted:
|
Me nvr trust those paid analysts.....they only report on late news where stock has already surged and their target price are always too optimistic.....
If you want me to speculate, I will always say TP 70.
My TP to sell will be decided after analyse the situation at that time. For time being, I will take DMG TP as realistic TP to sell based on present Gallant financial book.
Just an example, if Gallant report 50 to 100 million profit in coming quarter, will you sell @ 70cents?
TuaPekGong9413 ( Date: 13-Jun-2014 10:47) Posted:
|
Going one big round, just like to know whats yr target selling price in digits......40cents or ?
DMG TP price, I may let go to take profit based on current EPS.
My TP will be changed if Indomobil perform better after Acquisition. Compared to Astra International which is no 1 car seller in Indonesia and owned by Jardine C& C operating margin, there are a big room for Indomobil to improve their margin and become more profitable.
Gallant Venture is potential but subjected to the management. I will hold and see through out 2014. Another 6 month to go, i have patience.
TuaPekGong9413 ( Date: 13-Jun-2014 10:22) Posted:
|
So whats your target selling price? This stock doesnt give dividend so only can make money thru letting go at higher price
The margin or contra players surely worry in this since 1700lots which purchased by them are not the floating share in the market but from the 95% which is hold by major shareholders, their worry can be understood.
Since Jan 2014, the pump down to 24cents which was lower than 28 cents last right issue price make me to strongly believe that big hands are behind Gallant Venture and we shall be positive and looking forward the share performance in 2014.
long term long term...
TuaPekGong9413 ( Date: 13-Jun-2014 10:07) Posted:
|
Ic......guess today dumping may be contra players weekend due and also the dumping effect of 1.7m shares?
Furthermore, don' t expect Salim Group to save their share price or anything. Basically, Salim Group doesn' t care how the company trade in the stock market. They just want controlling only recent case like China Minzhong, price drop to low, they just took over when retailers didn' t want it. They hold sustantial share in Gallant Venture, they will not do anything.
Anyway, long term long term... I still think it is better to let whoever care the company to manage the company. The ratio between Salim Group(indonesia Content) and Singapore board are right now, I won' t be surprise to see Axton Salim to be the chairman in next year AGM.
No possible. Salim Group held 70% and SCI hold about 10%, 95% of gallant share all hold by the major shareholder. There are zero worry in thinking Gallant Venture is like other penny stock or S-chip who demand money from open market.
In last AGM, 1 executive director was retired, 3 new executive director come into the board including Axton Salim who is the 3th Generation of Salim Group. 3 new executive directors are all nominated from Salim Group.
We will see something soon. in my opinion, it is a good sign since Salim group start to pay attention on Gallant Venture which was seem like a abandoned kid in past few years. The son come in which mean Salim Group may want stronger monitoring and controlling in the management after acquisition of Indomobil.
Let' s see how.
TuaPekGong9413 ( Date: 13-Jun-2014 09:45) Posted:
|
Earlybird, do u think the recent price surge is possible for any rights issues?
http://infopub.sgx.com/FileOpen/_Form1_Lim_Hock_San.ashx?App=Announcement& FileID=291533
Or may be he has no money to pay for his investment in Gallant Venture notes which has 5.95% interest.
http://www.gallantventure.com/
Time to change. Gallant Venture is not more the joint venture company for Batam and Bitam industry and resort development company. After adding in the Indomobile which is 90% of the total revenue. They require a chairman who is better in managing the automobile sales instead of reits or property management, especially Salim Group increased their holding in last right issue but Sembawang Corp under Temasek group didn' t.
Frankly speaking, the performance in property management in past few years are really badly managed and slow growth. They really need a new director boards to move forward.
The chairman sold his share at this moment with 1.7million of share or SGD 595k seem like a hostile revenge to Salim Group. A board change is expected to come soon.
Vivivie ( Date: 13-Jun-2014 08:49) Posted:
|
Thks earlybird14, appreciated yr kind advice. In Q now at 0.34 for Gallant. I can hold it for longest abt a yr so not a probm.
earlybird14 ( Date: 12-Jun-2014 17:32) Posted:
|
