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What?s Happened to Blumont, Asiasons and LionGold
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edwinjup
Master |
24-Oct-2013 09:58
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All brokerage now very scare....no one can let me use.my margin account to buy although I.got good records...buy contra.must sell within 5days
Higher risk |
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FearValueGreed
Master |
24-Oct-2013 00:23
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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Sold for a 4cents profit.
Thank you for kopi monies. May buy again |
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freeme
Elite |
23-Oct-2013 18:38
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Just enter blumont at 0.205 with 1/2 of the profit earn from asiason. Risk-free now. Hit 0.255 can offload le. | ||||||||
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shadowmoon
Veteran |
23-Oct-2013 17:44
Yells: "Henshin" |
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Let those weaker hands eject first........... Wait for better harvest..............cheerio |
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Octavia
Elite |
23-Oct-2013 11:50
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lol..today the lion is fierce. |
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WanSiTong
Master |
22-Oct-2013 21:57
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Just to clarify last para of the report from The Business Times below : He believes Asiasons' " true" value could settle in the region of 30 to 40 cents, while LionGold's could lie between 40 and 50 cents as it has a higher book value. Blumont shares might, however, come under pressure as its recent rights issue was under-subscribed, he said. " Blumont may be the weakest of the three." However, according to Bluemont 's SGX announcement dated 16/10:
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SFGuyRuleZ
Veteran |
22-Oct-2013 20:45
Yells: "You are your own master.." |
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Did a further check on Asiason for it's results from 2009 - 2013 and I realized that Asiason's fair value gains in investment is actually recurring and not just 1-time as I have thought. However, based on 4.5 years' results, including 2013, the annual investment income is on average 18.25 million. Valuing it as purely an investment company and using a good discount factor of 0.04 (due to it's strong balance sheet), and assuming that all investment incomes can be translated into cash, number of shares = 979,764,476 (assuming no dilution), my personal fair value for Asiasons is 0.47. For Blumont, based on 3.5 years' results, including 2013, the annual investment income is on average 22.2 million. Likewise, valuing it as purely an investment company and using a good discount factor of 0.04 (due to it's strong balance sheet), and assuming that all investment incomes can be translated into cash, number of shares = 1,710,004,586 (assuming no dilution), my personal fair value for Blumont is 0.325. I do not have any position in these 2 counters and am just merely here to share and answer my own doubts. I may not be correct for there may be further growth and prospects other investors may see. But in my own opinion, their once lofty share prices of above $2 are indeed grossly overvalued. Always do your own due diligence and thanks..
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starlene
Elite |
22-Oct-2013 16:41
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Agree..besides most brokers still have restrictions of up to $30k on each of the previous designated counter..anything in excess must pay cash..yesterday I ask my brokers to buy 600lots LionGold at 24.5cts..I kenna transfer cash over and scolded by my brokers' credit dept for possible breaches..lucky no bar..as I trade quite heavily my broker intercede on my behalf..nice broker I still pay internet rates
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starlene
Elite |
22-Oct-2013 14:22
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See Mermaid Maritime rights 60% undersubscribe..yet price 36cts above 28cts for rights
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Octavia
Elite |
22-Oct-2013 14:00
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The rise cld be a knee-jerk response to the lifting of the designation status and it remains to be seen what value the companies have. |
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edwinjup
Master |
22-Oct-2013 13:38
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Blumont right issues got.30percent give it to excess holders...that meant people got extra bonus at 5cents per share...I can buy one lot and apply 100 lots of blumont and.may give.me fifty lots extra ..just like.ks energy.recently....so the price.will.be corrected...but bb control.counter..he wan.fifty cents or ten cents..who.to say no... | ||||||||
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starlene
Elite |
22-Oct-2013 12:13
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The drastic drop in Bluemont shares did not materialise despite the onslaught of massive supply coming from new rights issues,thgis is good unlikley will drop < 20cts for now with new CEO and fund lending ,a renenewd confidence Today T.V channel 8 Chao Ann ,,a professor say at this level Bluemont still o.k..I left only warrants..all my $$$ now in Bluemont,Asiasons,LionGold,etc Fully agree..but have to wait 3 years maybe just b4 warrants expired...so better sell and punt on Asiasions,Bluemont and liongold,etc becoz by then market may change liao as these 3 counters have taken such a huge bashing,they will continue to overperform and prices will move higher to a much respectable/reasonable level..Rowsley..Albedo,Jubliee..everybody going into Iskander..the hype is over unless Rowsley starts to market th eprojects at Vantage bay..sell first but keep its warrants..maximise yopur capital..just my own opinion ..u can agree or disagree
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expertinvestor
Senior |
22-Oct-2013 11:37
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Heart pain. Sold gold at 0.30. Haha
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medivh
Elite |
22-Oct-2013 11:32
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This gold I sold and bought again but lesser lots.. lol (" ,) yesterday 100% profit. DYODD.
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handongni
Senior |
22-Oct-2013 11:16
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On Oct 4, the SGX suspended trading in the three firms and made them designated counters on Oct 6, with SGX officials pointing out to its rules which state that the exchange could designate a security ?if, in its opinion, there has been manipulation of the security, excessive speculation in the security, or it is otherwise desirable in the interests of markets established or operated by SGX?. Mission accomplished! |
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edwinjup
Master |
22-Oct-2013 10:00
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Right.moves
.money in pocket liao...enjoy your holiday from sgx
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WanSiTong
Master |
22-Oct-2013 09:24
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SINGAPORE DAYBOOK : Asiasons, Blumont, LionGold stocks soar. Their prices nearly double after SGX lifts trading curbs. [SINGAPORE] Share prices of Asiasons Capital, Blumont Group and LionGold Corp almost doubled in yesterday's no-holds-barred trading as the market sought to put a value on the stocks after trading curbs were ended. Traders The Business Times spoke to said the share prices of the three counters can now be " freely" determined by market forces after the Singapore Exchange (SGX) lifted trading restrictions on the stocks. Asiasons shares surged 91 per cent, Blumont stock rose 80 per cent and LionGold soared 93 per cent by the close of trading yesterday. They were among the top 10 actively traded stocks in early trade, with higher volumes than their 30-day full-day average. Asiasons, Blumont and LionGold shares finished at 24.5 cents, 24 cents and 29.5 cents respectively. " The lifting of the trading curbs levels the playing field for these three counters. Investors put off by the trading restrictions previously can now buy into these counters just as they can buy into other counters," said Liu Jinshu, an analyst at Voyage Research. SGX yesterday allowed the counters to be traded freely without the trading shackles that had banned investors from contra trading and short-selling them since Oct 6. Traders said the " pent-up" demand for Asiasons, Blumont and LionGold shares will continue to move their prices to an equilibrium level determined by a free market. " I feel (the increase) can be further sustained because the stocks have taken such a huge bashing. Now the market is trying to do a price discovery on them," said a broker who requested anonymity. Asiasons, Blumont and LionGold experienced strong run-ups in their stock prices this year, trading at around $2 before they were struck by a downward spiral on Oct 4, prompting SGX to suspend trading in the three counters. The suspension was lifted the next trading day on Monday but SGX labelled them as designated stocks, in a move aimed at reining in excessive speculation and possible disorderly trading. The stocks traded between 10 and 15 cents. " The $2 they were trading before the designation was unrealistic the 10 to 15 cent range was also unrealistic because it was due to unusual measures," the broker said. He believes Asiasons' " true" value could settle in the region of 30 to 40 cents, while LionGold's could lie between 40 and 50 cents as it has a higher book value. Blumont shares might, however, come under pressure as its recent rights issue was under-subscribed, he said. " Blumont may be the weakest of the three." (Source: The Business Times) |
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expertinvestor
Senior |
22-Oct-2013 09:10
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All 3 sell Liao . Earn about 20k. Huat ah! | ||||||||
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FearValueGreed
Master |
21-Oct-2013 22:44
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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Hit rsi 50 on upwards. Will hit 80 if u believe it Will close the gap. But I will place my bet at most 60cents base on average method prior to its run up from 1dollar.
Dun be greedy cos this one no one knows wat its instrinc value, traders willstart to sell once it shows sign of overbought. This week is trader market n next week is FA market.
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Bigmama
Master |
21-Oct-2013 22:21
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Almost there... lol
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