Latest Forum Topics / Centillion^ | Post Reply |
why invest in a sinking and a sunken stock???
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787180
Master |
10-Sep-2007 11:03
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Agree with superboy..Oei Hong leong sold 240mil centillion shares thru Oei Hong leong Foundation and Chip Lian PL on ayg 31 and Aug 30..why rush U to be slaughtered/ Switch to Jade and Banjoo..better hope among the pennies..or even Oculus |
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superboy
Member |
10-Sep-2007 10:39
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Told you people before that Centillion is a sunken ship...OHL is collecting his profit now... He has no intention to save Centrillion at all... now so many poor soul are caught in a sunken ship.. more soul are added to the lunar seventh month now.... |
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joeyttk
Member |
30-Jun-2007 19:01
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to buy or not to buy ? |
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Manikamaniko
Senior |
30-Jun-2007 11:03
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Why not simply bet on the price action itself (demand/supply indicator, DSI)... |
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Rodentang
Member |
30-Jun-2007 10:47
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when we invest share, we look at their account (that is histroy), we look at the graph of the price in the past, look at the trading volumn which consist of the speculative element. We need to know who run the Company as well. Then, are they heading to right direction? what I see... they are intergrate kalang guni business and tap with Frenchman then aim to enter global market. Environment and recycling has become bigger and bigger issue. when will it go to 84 cents ? or must it go to 84 cents in future? Need more information to bet |
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sohguanh
Veteran |
29-Jun-2007 13:59
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klooloola: sometimes speculation can drive a stock share price to unbelievable level. that is how the stock market works. sometimes dun use logic to reason a stock share price movement. precisely cuz of this phenonmenon is the stock market so vibrant and wonderful. you have contra, shortist, trader, BB, retail etc etc etc all come together to buy shares. visualize wet market and you will get wat i mean :) |
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klooloola
Member |
29-Jun-2007 13:53
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". Currently hovering around 16 cents, the stock price is still way above the 0.84 cent that Equation Corp and Mr Oei paid for each Centillion share." If the owners thought it was worth only 0.84 cent ..... how is it suddenly worth 20 cent? |
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wadrian
Member |
29-Jun-2007 12:21
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dear superboy, your information is grossly outdated. We are now in 2007 and your news is from 2005..... Here's the reason why people are buying up Centillion shares: BUSINESS TIMES Hock Lock Siew Published June 6, 2007 Centillion deserves a second look? By LYNETTE KHOO A NEW name, a new corporate culture and new shareholders - all these are resulting in a renewed business and potentially new contracts being secured. That's the message Centillion Environment & Recycling Ltd is sending eight months after its restructuring in October last year, when white knights Equation Corp (formerly Heshe Holdings Ltd) and businessman Oei Hong Leong brought the company out of judicial management. The electronics waste recycler has since taken great pains to shed off its image as the beleaguered Citiraya Industries Holdings, the company that lost most of its clients since January 2005 in the wake of criminal investigations of some of its senior executives. Barely a month after taking over, the new management produced its first report card - a joint venture with the waste management arm of French-based environmental solutions provider Veolia Environnement, to process and recycle electronic waste materials in Singapore. Centillion says this joint venture, called Centeonyx, is set to leverage on Veolia's strong European and Asian clientele network and will contribute 30 per cent of its group revenue by next year. 'Today the morale is a lot higher, people are looking forward. We have the French (partners) coming in to help us to run the whole JV, so things are turning on,' Centillion chairman Eddie Chng told BT recently. He noted Centillion has since been 'busy hiring people, stepping up its standard operating procedures and redefining internal security control', to ensure there would be no repeat of the lack of internal checks that led to Citiraya's downfall. Nevertheless, investors have yet to warm to the stock. Since its relisting last October after a 20-month suspension, the share price has fallen by some 85 per cent, as the market saw it as grossly overvalued and was unsure of the company's prospects. Currently hovering around 16 cents, the stock price is still way above the 0.84 cent that Equation Corp and Mr Oei paid for each Centillion share. But there are enough fundamental reasons to believe why the new Centillion deserves a closer look. E-waste recycling is a global business with little seasonality. With product life cycles of digital devices getting shorter, the growing e-waste generated presents tremendous business opportunities for Centillion. In particular, it is keen to penetrate the markets of Europe and the United States. In Europe, all 25 EU member states have legislated the mandatory takeback programme for the collection, recycling and disposal of waste electrical devices, while there is rising pressure on state governments in the US to legislate pro-environment laws promoting recycling. Certain states like Maine and California have implemented an advanced recycling fee, where the state government pays the recycler to clear e-waste. These initiatives guarantee a steady and growing stream of e-waste for recycling. Centillion has revealed it wants to enter the US through
two US firms for potential joint venture or M&A. With a recycling plant in Wales, UK, it hopes to secure contracts in Europe by leveraging on Veolia's European network. Centillion is also setting up a plant in Wuxi in China to capitalise on the growing e-waste tonnage generated from some rapidly growing Asian economies. The new plant is expected to contribute to group revenue in 2008. With Centillion's operations being up and running again, the overhanging question now is when new contracts will start streaming in. Even with the macro-environment looking favourably for Centillion, is it able to win the uphill battle of persuading former customers to return to the fold? For now, Centillion is still recycling e-waste from its own inventory. But it has recently started ramping up its recycling capacity in Singapore to raise it by 15 times to 6,000 tonnes per annum by the end of 2007, which suggests that it may be making headways in its talks with potential clients. The months ahead are crucial for Centillion as it seeks to secure an import licence from the National Environment Agency in four to 12 weeks to import e-waste for recycling. Prudent investors may still want to wait and see if earnings visibility improves before chasing up the stock again. After all, it is unclear when Centillion may turn around financially. But recent disclosures by Centillion on its progress and future plans could be a harbinger of more good things
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superboy
Member |
29-Jun-2007 11:36
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Why investors are still investing in a sunken centillion? Any comment? Equation is the former Heshe, and Heshe itself is also not doing well. Equation is still in the red, how could a sinking ship save another sunken ship?? This is really a great joke. Fellow analysts got any comment?? Centillion and Equation are speculative stock that is very unsafe to invest... but i can see that there are still people rush to invest. This seems to remind me of every weekend seeing people rushing to queue at the Toto and 4D counter to deliver money to Singapore Pool... http://www.channelnewsasia.com/stories/analysis/view/169820/1/.html The creditors want their money back but the new money being put in by the investors will be needed for working capital. Secured creditor UOB yesterday filed an application to seize two of Citiraya's factories, and intends to oppose the company's proposal for judicial management. Other creditors like DBS Bank may also not support the rescue scheme, if there is no clear and acceptable time-table for repaying Citiraya's loans in full. The CAD and CPIB investigations are still ongoing and once they are concluded, there could be further negative impact on the company and its employees. More clients and employees could desert Citiraya. The AMD writ of summons against Citiraya is also a huge cloud hanging over the company. Other clients who were shortchanged, like Seagate, 3M and ST Micro, may also sue Citiraya. Claims against Citiraya as well as loans outstanding are estimated to be well in excess of $400 million, versus the $20-million injection of new funds proposed by Chip Lian and Heshe. Finally, the Chip Lian/Heshe deal seems a rushed one ? due diligence has not been carried out. Heshe has claimed that it has the money to save Citiraya but Heshe itself does not have a track record to boast about, having been itself rescued not too long ago. The proposed takeover could unravel as quickly as it was put together, if more dark clouds emerge over Citiraya. |
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