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Newbie asking for help!
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happyday
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25-Jun-2007 10:59
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Reply to cleverZul..congrats and well done...Take a look at jade and Fung Choi...going to move soon. I stand corrected, F&N has 29.48% interest in this vegetable. Since the price rise on 20M volume done yesterday, the highest seen since Nov 06, there has been no declaration of an SSH change in interest. Does anyone know how much time a SSH is given to report a change in interest to the exchange 'Pursuant to Rule 704(15)(d) of the Listing Manual'? If I am not wrong, they are not required to report until they have stopped all their buying and selling, whether it takes days or months. Is this correct? Increase in Shareholding in Fung Choi Media Group Limited Pursuant to Rule 704(15)(d) of the Listing Manual, Fraser and Neave, Limited (the " Company ") announces that its wholly-owned subsidiary, F&N Investments Pte Ltd (" F&NI ") has today entered into an agreement with White House Industrial Limited for the purchase of 14,502,800 ordinary shares of HK$0.25 each in the capital of Fung Choi Media Group Limited (" Fung Choi ") representing 2% of its issued share capital (the " Acquisition "). The shares of Fung Choi are listed and traded on the Singapore Exchange Securities Trading Limited. When the Acquisition is completed, currently expected to be on 30 November 2006, F&NI?s interest in Fung Choi will increase from 27.48% to 29.48%. The consideration for the Acquisition is S$9,354,306 payable in cash and arrived at on a willing buyer and willing seller basis. The Acquisition is not expected to have any material effect on the net tangible assets per share or earnings per share of the Company for the current financial year. Except for Dr Han Cheng Fong who is a director of Fung Choi and Mr Patrick Goh, who holds 50,000 ordinary shares in the capital of Fung Choi, none of the other directors or substantial shareholders of the Company has any interest, directly or indirectly in the Acquisition. Jade..new biz and maybe new mgt coming on board..like oculus but I reckon take profit on oculus(43cts now)...buy jade and Fung Choi..F&N paid 64.5cts at 73 cts still trading at single digit PE(7.6)...may secure printing &packaging contracts for summer Olympics |
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ghlau935
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25-Jun-2007 08:05
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I think should be the same.........call your broker or internet dealer to double check.....its free to call them..... |
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jamestay11
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24-Jun-2007 16:33
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ghlau regards to your advise, if we r using vickers to buy, can we do the same like wat u mention ?or?thanks. |
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swkee28
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24-Jun-2007 12:27
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Hi, Any sound and good advices for SingPost's share? Thanks |
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ghlau935
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24-Jun-2007 12:14
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If u got spare cpf funds avalible but not much cash, for quck contra cash u may try to buy in the morning(Top 10 Volume Stocks) first using cpf and if px go up on the same day, call your broker to convert it to cash payment then sell it and u could earn some cash, if px drop or maintain just use cpf to hold........... that's my experience in earning quick cash.............. |
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ten4one
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24-Jun-2007 10:09
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Some very sound and good advices by Forumers - well done and give yourself a pat! One advice that stays with me all the times : Know what you're buying or selling. If you don't know, you can't last long. That simple isn't it??????? Cheers! |
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baseerahmed
Master |
24-Jun-2007 09:53
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cyjjerry85: thank you very much for your words of wisdom ! |
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cyjjerry85
Elite |
24-Jun-2007 03:09
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Cleverzul...indeed a clever way...analysis with a tinge of luck..judgement etc ..all play a part... In fact I just ORD from army recently, I remembered my bunk mate handing me a book: "Rich Dad Poor Dad" by Robert Kiyosaki. It changed my life. The book's philosophy on 'let money work for you, & don't work for money', strike me hard. Upon turning 22 yrs old, I invested my first $1,000 into a unit trust, realizing that the fix deposit in bank was really a dumb way of putting money for practically 'nothing'. Slowly, as I accumulated my pay throughout the NS cycle, I read up more on stocks (FA & TA) and learnt through virtual trading. Virtual trading to me means picking up stocks and see if my picks materialize into profits or not; without putting in real cash. Gradually, I started to invest in contra. Till now, I still do contra, but for a worthy reason behind it. The profits I made through it are accumulated and invested back mid-term into stocks that show potential. Surely, as a financially sound stock would be, the likelihood of it going up is higher. That is how I work on the principle, "Let $ Work for You - Money Growing Money". Just like to share some experiences through my short period of trading (I am still learning everyday)...: *Don't get addicted to contra too much, you make profits as much as you will make losses too *Never bank in purely on rumours alone, it killed me once ( I learnt & recuperated) *Learn TA & FA, being dependent on others to tell you what is good or bad....is not too wise *Do not chase a share price, let it come to you instead. Set your own target. If it move too fast up, just let it go, or else you may just buy at its highest and sell on a low. *Set a target on the lowest price you can manage on lose, cut loss while you can. If not, bigger losses! *Read widely and know both the macro & micro environment (never miss out on the latest news updates) Well, trade diligently and good luck to all~! |
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rickytan
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23-Jun-2007 22:46
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Hi cleverzul, I am impressed by your achievements. I am a newbie too (although not too new). Hope to learn from you along the way :) |
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baseerahmed
Master |
23-Jun-2007 13:00
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cleverZul : excellent post! thank you very much for sharing your experience with us. its highly informative and inspirational , especially for newbies wish you even greater prosperity ! |
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sojourner
Member |
23-Jun-2007 12:50
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Hi Vicly187, Invest your money and time into reading some solid books. You can even reserve them from the National Library for only $1.55. A few books include: Technical analysis explained, and The Intelligent Investor. Alternatively if such lengthly books don't interest you, go for a condensed one like Adam Khoo's book (sounds a bit cheesy, but he has condensed the basic trading/investing principles well). Learn about Value investing (concept was invented by Benjamin Graham, the finance professor of the world's greatest investor, Warren Buffett), and slowly, about Momentum investing. Play with paper money for a start, if you don't much much funds to lose. Also, don't overlook buying funds with CPF or even cash. The power of rebalancing and dollar-cost averaging cannot be under-estimated. Look up these terms at http://en.wikipedia.org/ It seems everyone is making money from the current bull run based on the posts here, but do not forget that there is always a buyer and seller in every trade, hence there are people losing money too. Whether paperloss or realized loss, it is still a loss. Good luck. |
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cleverZul
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23-Jun-2007 12:34
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Dearest Vicly, Let me share with you some of my experiences. When I was 21-(2001), I managed to catch a show by Suze Orman and fell in love with her financial advise. Soon i discovered Fundsupermart and begin investing in unit trust- started with 1k (i am not rich but this is the money I managed to save from NS). A few months later I learnt switching from funds to funds and made some money. In 2003, I read a book by the Motley Brothers aka Motley Fools and fell in love with stocks. But since I was in 4th year Uni at that time I practically had no money so I withdrew everything I had from unit trusts and put into 2 stocks Eucon(less than 10cents), Starhub($1). In early 2006 I had accumulated some money in my CPF and I used it to go back to Unit trusts and bought indexfunds(back to my Suze Orman roots). I still owned these as I believe they are for my retirement. My Unit Trusts. They are not fantastic but not too shabby either. With the money I earned from Eucon and Starhub(sold this off), I bought Mediaring at 30cents and sold it off a few months later for 55cents. Suffice to say after many buying and selling, i currently hold only one stock with cash i.e Progen. I love to do contra as well. My first contra was Unifiber - when I read the news that it crashed in the morning newspaper I immediately purchased on the same day at 9am with my maximum buying limit. My aim was to make 1k profit and I did and sold it off a few hours later. I put aside any profit i earned from contra to pay off any loss I made on a the next contra. I had contra losses as well as contra profits - but profits outweigh the losses. I do spend on my contra profits from time to time. The most important thing to have is discipline in stop limit. You need to ensure you sell off anything that has gone down further than 10% (again back to Suze Orman roots) your original purchase either contra or cash. I only do Monthly Reinvestment plan for my unit trusts via CPF. As for cash, I had never topped up towards my share ever since my first investment of 1k but which is now worth 5 digits. It took me 1k cash to turn it into a 5 digit sum in 6 years and I am happy with it. Others perhaps can advise you on getting it quicker - perhaps save 10k in a year and within 6 years made it 6 digits ? I don't know but for me I want to have that assurance that if anything happen to the stock market, i can assure myself that I only invested 1k into it. Best regards and best of luck. Zul |
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snoothie
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23-Jun-2007 00:45
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yea i like CWQuah's quote too, wonderful world of the stock market - the sum of human financial expectations, analysis, greed and fear! Dear readers, What are ur views on current penny rally, human financial expectations / greed? |
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swat00780
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22-Jun-2007 23:12
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I like what CWquah said. how true how true. the stock market a sum of all the human emotions. Hi Vicly187, welcome to SJ. learn from the masters here... lots of them around. Do some paper trades and find out who are the real masters... haha... meanwhile,enojy urself here. and get financially educated. things they don't teach u in school. seriously. Contra is a sure way to die. thinkabt it. unlimited losses, limited gain( how much can it jump in 5 days?) further more u need to time the market? what kind of madness is it that prompts people to do this ? i really wonder. ( greed is a good guess...) Cheers mates |
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happyday
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22-Jun-2007 09:55
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Reply to Vicly187..sori contra players normally lose....buy Oculus shd go up to 45cts soon and jade tech..tp 35cts,,,more news out soon...but must pick up...buy when it drop suddenly esp during forced sale....
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CWQuah
Master |
22-Jun-2007 00:01
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Hi Vicly187, Perhaps you may want to look up how some of the world's most prolific stock investors identify stocks that are worthwhile to acquire. E.g. Warren Buffett, etc. There are good books out on the market and many websites that give pretty good grounding on stock investment basics. Look up topics on fundamental analysis and technical analysis, the knowledge will enhance your investment decisions. If you do have minimal capital, you should make sure that whatever amount you invest in the market, is really spare cash that you do not need immediately to sustain daily expenses or required for some significant expenditure in the short term. Contra-trading is, quite frankly, more for very aggressive speculators who have sufficient capital to ride out short-term losses. And sometimes, these losses can be quite substantial (theoretically there is NO LIMIT TO THE LOSSES). Conservative gradual capital buildup would be more appropriate at your stage - bear in mind that if you lose too much capital in the short term, there won't be a long term to talk about. Anyway, welcome to the wonderful world of the stock market - the sum of human financial expectations, analysis, greed and fear! |
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terencefok
Master |
21-Jun-2007 23:43
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If you have time to spare, you may want to meet up with me and I can help you with FA. This is the basic you must know. Feel free to contact me at terence_fok1989@yahoo.com.sg |
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moogee
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21-Jun-2007 23:04
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Yup, good advise from everyone. Don't do contra, as tempting as it may be, it is usually disastrous. Perhaps you shld set aside a small amount to trade and don't be tempted to add to this amount, just work on building it up slowly as you learn to trade. Better to gain small first than loss big. |
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elfinchilde
Elite |
21-Jun-2007 22:17
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hey vicly187, don't do contra. don't buy on 'tips'. remember that if the 'hot tip' has reached you, it's probably passed through a gazillion other people already. learn either TA or FA. it's the skills you need to learn. the stock market is not a get-rich-quick place, even if it seems that way. If you approach it with that mentality, you're likely going to lose in the long run. btw, contra is dangerous precisely because you'll fall into the BB T+3,4,5 trap. |
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alexmay
Veteran |
21-Jun-2007 22:03
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I would't encourage you to start this way. This is a sure way to lose your hard earn money. When you win, its so little, but when you lose you lose big. |
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