| Latest Forum Topics / Others |
 Post Reply
|
|
Jasper - the hidden gem unveiled - the facts
|
|
|
sohguanh
Veteran |
10-Apr-2007 10:46
|
|
x 1
x 0 Alert Admin |
To be honest ppl who buy a few cents stock don't give a hoot about the financials. They are playing contra for pure capital gain. And since so cheap they load them up in 100-1000 or even 10,000 lots per trade. Then sell out again whenever half a cent is reached. This see saw will not push the price up unless some contra players or BBs willing to absorb and push ahead to higher levels. |
| Useful To Me Not Useful To Me | |
|
wadrian
Member |
10-Apr-2007 10:27
|
|
x 0
x 0 Alert Admin |
though there are a lot of Jasper shares in the market, it is a very cheap counter to collect. At 2cts, 100,000 shares only cost $2K. in terms of profits, every increase in share price of half a cent ($0.005), this means a profit of 25% for the investor. Compared to Sapphire which is a favourite for speculators, Jasper has a much healthier bottom line. Sapphire is trading at 3 cts now and has a financial record of losses for the last 5 years straight. Jasper is a much better bet since they have a healthier bottom line and has shown continued profits for the past 4 years. Of course, we may have to wait for the PT MTU coal concession sale to complete before we see major changes in trading prices? |
| Useful To Me Not Useful To Me | |
|
|
|
|
sohguanh
Veteran |
10-Apr-2007 10:06
|
|
x 0
x 0 Alert Admin |
One downside to Jasper is the number of shares floating in the market is just too many! It will take quite a while for the stock to move even half a cent. Too many shares diluted the price movement in my opinion. Unless Jasper show more concrete proof of money making as in great financials else this stock will just dwell around the 2 to 3 cents region for the time being. It is good play for contra and shortist juz like Sapphire. |
| Useful To Me Not Useful To Me | |
|
wadrian
Member |
10-Apr-2007 10:01
|
|
x 0
x 0 Alert Admin |
hi all, here's a follow up on last week's discussion on Jasper being a hidden gem. I have done some research and have come to believe that Jasper is a gem waiting to shoot up. Here are the facts on Jasper unveiled (note: all available on the public domain): 1) Jasper Investment was formerly Econ Piling and it is now mainly focused on construction and strategic investments. 2) Jasper is in the 2 hottest business now - Construction (via their piling and pre-fab businesses) and Energy ( The own a coal mining concession in Indonesia). 3) The current trading volume is very high and Jasper has been in the top 20 volume for the past few weeks. Prices are stable around 2cts and 2.5cts and volumes continue to be high which denotes a collection going on. 4) according to Jasper's announcement on SGX, they are selling their coal mining concession in Indonesia for S$7million+. This is expected to complete in April (sometime this month). Noting that Jasper's historical profits are around S$1M, this extraordinary gain of S$7M will result in a jump in profits of 700%...... (source: SGX - annoucement by Jasper on 22/1/2007) 5) historical trading prices - Jasper was trading at 3.5cts in January before the market correction. If the share rebound back to 3.5cts (after all the collection is completed), this means an upside of 75%!!! 6) Jasper has been profittable over the last 4 years and with this coal concession sale coming up, the financial outlook seem very positive. Meanwhile, the company is still in th construction sector and with so many projects coming up, Jasper is likely to bag their share of projects. I hope the above info is useful for those who don't have the time to search on the net. Cheers. wadrian |
| Useful To Me Not Useful To Me | |