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Any comment for ABTERRA?

keepnosecrets
Master

23-Sep-2009 08:27

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If we have the foresight we could be rich. But mostly we don't have, we only have the agak-agak sight. Can abterra make you rich or make you poor? This is a good question, right?

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thomas_low
Veteran

22-Sep-2009 23:53

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Yells: "Gong Xi Money Made"

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Now Philips expects 28September for the results to be announced. Maybe another delay again who knows. my 6 cents tell me it will rise to six sense. Hehe.

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smartrader
Elite

22-Sep-2009 22:32

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Thanks, will wait for the result.

risktaker ( Date: 22-Sep-2009 21:18) Posted:

I dont think they will make money ..... from serious borrowing from banks. I think they have over stretch a bit from expansion even though its in the right track.
75% will lost money :) - 25% will make lor

smartrader ( Date: 22-Sep-2009 21:13) Posted:

expect good or bad ?

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smartrader
Elite

22-Sep-2009 21:59

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possible.,..so far I have not invested because i am still appraising the Management...

lookcc ( Date: 22-Sep-2009 21:17) Posted:

can lead to pumping up, can also lead 2 pump n dump.

smartrader ( Date: 22-Sep-2009 20:58) Posted:

Insider buying meaning good news...guessing. not vested yet..

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risktaker
Supreme

22-Sep-2009 21:18

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Yells: "Sometimes you think you know, but in fact you dont"

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smartrader ( Date: 22-Sep-2009 21:13) Posted:

expect good or bad ?

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lookcc
Master

22-Sep-2009 21:17

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can lead to pumping up, can also lead 2 pump n dump.

smartrader ( Date: 22-Sep-2009 20:58) Posted:

Insider buying meaning good news...guessing. not vested yet..

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smartrader
Elite

22-Sep-2009 21:13

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expect good or bad ?

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risktaker
Supreme

22-Sep-2009 21:05

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Wait for Q3 Report :)

smartrader ( Date: 22-Sep-2009 20:58) Posted:

Insider buying meaning good news...guessing. not vested yet..

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smartrader
Elite

22-Sep-2009 20:58

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Insider buying meaning good news...guessing. not vested yet..

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henrykay
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22-Sep-2009 19:17

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http://siasresearch.com/wp-content/uploads/reports/abterra_note_260809_final.pdf

came across this research done on abterra by SIAS Research.

Not sure if it has been posted before. just to share :D

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keepnosecrets
Master

22-Sep-2009 16:13

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Precursor of the stocks to break the jinx at the higher end. This is what chartists would call a breakout. But so far it has not happen today but has with many other counters.

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keepnosecrets
Master

22-Sep-2009 15:53

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2 lots is to allow the price to break up into the higher side. It is just a percusor.. to the counter going up. Don't you worry too much.

bennykusman ( Date: 22-Sep-2009 15:41) Posted:

but it;s only 2 lot... seems no one wants to buy at 0.055 yet.

keepnosecrets ( Date: 22-Sep-2009 14:54) Posted:

Seems that this is about to take off, today 5.5 cents done. Lets wait and see.

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bennykusman
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22-Sep-2009 15:41

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but it;s only 2 lot... seems no one wants to buy at 0.055 yet.

keepnosecrets ( Date: 22-Sep-2009 14:54) Posted:

Seems that this is about to take off, today 5.5 cents done. Lets wait and see.

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keepnosecrets
Master

22-Sep-2009 14:54

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Seems that this is about to take off, today 5.5 cents done. Lets wait and see.

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bennykusman
Veteran

22-Sep-2009 09:48

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quite a number of buying ? showing stock go up ?

smartrader ( Date: 21-Sep-2009 18:00) Posted:

Monday, 21 September 2009

Stock Buyer Purchase date No. of shares Share Price Shareholding

GuocoLeisure GuocoLeisure Assets Limited 14 Sept 721,000 50.812 cts 770.3 m
(56.31 %)

11 Sept 250,000 52 cts

10 Sept 300,000 51 cts

Hongwei Technologies Maxpro Global Limited 18 Sept 1,084,000 24.816 cts 141.8 m
(63.02%)

11 Sept 3,000,000 24.5 cts

Abterra General Nice Resources 15 Sept 10,900,000 5 cts 2.1 billion (40.48%)

GuocoLeisure: It has come under accumulation by GuocoLeisure Assets Limited, in which the chairman of GuocoLeisure, tycoon Quek Leng Chan, has a deemed interest.

From the 50-52 cent range that GuocoLeisure Assets recently bought the shares at, GuocoLeisure’s stock price has risen to around 58 Singapore cents, but it’s still substantially below the Net Tangible Assets of 63.6 US cents (90.3 Singapore cents).

Tempering investors’ confidence in the stock is the regular selling of GuocoLeisure shares by Third Avenue Management. The latest sale was on Sept 4 and involved a whopping 18.6 million shares, bringing its shareholding down to 10.28%.

For more on GuocoLeisure, read SEBASTIAN CHONG'S property picks: Metro, Ascendas India, GuocoLeisure

*****

Coking coal operations in Shanxi province in China. Photo by Andrew van Buren

Abterra: It has a parent called General Nice Resources, which has periodically been buying its shares while the market seems lukewarm towards it.

Abterra’s business model is in the midst of transformation. From being a trader of commodities, it has also become an owner of mines, particularly coking coal mines in China (see table below).

Lately, it has acquired an iron ore processing facility in Indonesia, taking over have some long term contracts with mine owners that will supply them with iron ore.

The iron ore supply is of a low grade which Abterra will process and increase its iron content before selling it off.

Assets acquired	Abterra’s stake	Acquisition date	Consideration
Zuoquan Yongxing Coal Co. (coking coal mine)	15%	Aug 2007	RMB45.75 m
Shanxi Taixing Jiaozhong (coking coal mine)	49%	May 2009	RMB188 m
Shanxi Lingshi Fuyuan Coal (coking coal mine)	30.6%	Aug 2009	RMB234.8 m
*(Unnamed iron ore processing facility, Indonesia)*	100%	Aug 2009	US$7.3 m

Our recent story: ABTERRA makes 3rd coking coal mine acquisition

*****

Hongwei's operations. Photo montage: annual report

Hongwei Technologies: It continues to enjoy buying by Maxpro Global, which is 100% owned by the spouse of the CEO.

Its latest buys are 3 million shares at 24.5 cents and 1.084 million at 24.816 cents.

Maxpro now owns about 10 percentage points (ie, 63% now versus 52.6%) more stock than as of March 2008, the cutoff date for the shareholder list for the 2007 annual report.

The stock currently has a historical PE ratio of 4.1, which would be lower if the company’s earnings recover this year and next.

There are a few discomfiting things about Hongwei: It does not have a corporate website (we couldn't find it, anyway), and its annual reports don't carry pictures of the business operations nor the board of directors nor the senior management.

One positive, though, is that a key shareholder is Tembusu Growth Fund, a Singapore fund with luminaries on board.

For more, read our recent story: Insider buying: HONGWEI, REYOUNG, SINGAPORE REINSURANCE

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smartrader
Elite

21-Sep-2009 18:00

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Monday, 21 September 2009

Coking coal operations in Shanxi province in China. Photo by Andrew van Buren

Assets acquired	Abterra’s stake	Acquisition date	Consideration
Zuoquan Yongxing Coal Co. (coking coal mine)	15%	Aug 2007	RMB45.75 m
Shanxi Taixing Jiaozhong (coking coal mine)	49%	May 2009	RMB188 m
Shanxi Lingshi Fuyuan Coal (coking coal mine)	30.6%	Aug 2009	RMB234.8 m
*(Unnamed iron ore processing facility, Indonesia)*	100%	Aug 2009	US$7.3 m

Our recent story: ABTERRA makes 3rd coking coal mine acquisition

*****

Hongwei's operations. Photo montage: annual report

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iPunter
Supreme

21-Sep-2009 10:31

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Good to buy low... that's the way to win...

I alway set my price at the chart level...

Come what may, I stick firmly to my guns... that's true discipline, u see...

In the course of exercising this strategy, there will be times when you miss some good trades which didn't touch your price...

But that's all part of the strategy... (give and take)... it's a betting game after all... hehehe... Smiley

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louis_leecs
Elite

21-Sep-2009 10:20

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Yells: "half cash"

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tis baby is my worst investment tis year,,,,,,,,,,,,my second lost counter so far,,,,,,,,,,the first one is ocean sky im dump already after my holding sell to kim eng,,,,,,,,,,,,,the buyer is only one,,,,,,,,,,,,bb or ??????,,,,,,,,,,,,,,,,,but volume very small,,,,,,,,,,,,,,,,,,,,,so decided cut throak sell away,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,but im going to buy more if price moving south,,,,,,,,,,,,,,,,,,,,im confident if dowm im going to buy more,,,,,,,,,,,,,,,,,,,im tell y im use pf to buy so sell can convert to cash,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,tis is wat im doing now,,,,,,,,,,,,,,,,,,,,,,,,,,,im not in totalling red,,,,,,,,,,,,,,,,,,,,,,,cheeers for my last baby,,,,,,,,,,,,,,for long term,,,,,,,,,,,,,,,,,,,,,,,althounght im still at bukit timah hill,,,,,,,,,,,,,,,,,,,,,,,,,100% cash is king,,,,,,,,,,,,,four week

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keepnosecrets
Master

21-Sep-2009 08:07

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If Qtr 3 can show slight improvement or even not too weak, the price can stay. Then shareholders will first have to wait for the full year announcement by the end of the next three months for the share price to move higher. The chances of Abterra moving higher is good since the new mines in Indonesia would be revenue oriented on top of attracting asset premiums in the face of strength in commodities prices and fully operational mines. But the chances of Abterra px falling is also possible if production are halted and prices in steel/iron ore are not seen as producing good revenue.

Not a call to buy or sell. Just do your own homework.

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God_of_War
Member

20-Sep-2009 21:27

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Some time u wait n wait, in the end the stock value goes up n u get nothing.

Buy stocks at correct timing will be better than simply sticking to yr own pricing n just wait.

Opportunity don't wait for u loh. U have to grab yr own opportunity.

When to start, up to u.....but remember don't just sit there waiting loh.

ZhanSheng.

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