Latest Forum Topics / Uni-Asia | Post Reply |
Oened below ipo price???
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hikitty
Master |
20-Oct-2007 09:41
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Hi blurfonx: A seasoned real estate investor once taught me that when you lose your capital, you should not consider it as a loss. When you lose your profit, you should consider it as making less profit. Loss should be defined really as loss of capital. In your instance, you should dump the shares away as not to do so would mean losing more of your profit or more of your capital. Hope you aren't a daily contra player. Further downtrend likely . Not vested in this counter. The contra short or long players who complained about losing money on Uni-Asia deserve it!! These daily traders act in cahoots to ramp up or sell down counters. Why didn't they complain to SGX when they had been making $$$? SGX should ban either form of contra play to prevent "real investors" from being burnt - i.e. those who sell their shares in a panic when they strike fear by slamming down any counter or buy in greed when they ramp up any counter. Daydreaming to expect SGX to do that as it would affect SGX share prices!!! |
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blurfonz
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20-Oct-2007 09:00
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I still hold 10 lots at 1.71. Made some from this counter. amid all these ...Should I cut lost? | ||||||||||||||||||||||||||||||||||||
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paperless
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20-Oct-2007 08:55
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O... yeah, thanks henrytan for your reminding, it is under investigation.. i'll not to short it. | ||||||||||||||||||||||||||||||||||||
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henrytan
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20-Oct-2007 08:03
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Better dun short sell this counter in case it suspend or trading halt. You dun even have time to buy back to cover your short. | ||||||||||||||||||||||||||||||||||||
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paperless
Senior |
20-Oct-2007 04:08
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Too bad, on monday this still a counter good to short.. | ||||||||||||||||||||||||||||||||||||
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psycho
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20-Oct-2007 03:20
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SGX probing alleged price manipulation on Uni-Asia shares The Singapore Exchange (SGX) said it is investigating alleged price manipulation in the shares of ship financing firm Uni-Asia Finance, following a complaint by 33 retail investors on Friday morning. Uni-Asia shares took a plunge this week after hitting new highs last Friday, and the investors are asking why. At a press conference earlier on Friday evening, the group of 33 investors were represented by David Gerald, President of the Securities Investors Association of Singapore (SIAS). He said the investors, mostly contra traders, were unhappy with the 25% plunge in Uni-Asia's share price on Monday which caused them huge losses. Said SIAS' President: "They felt that perhaps there could have been manipulation and they wanted an explanation... SIAS is the right body they should go to, to champion this particular grievance. "So, I came to SGX and I met with Mr Gan Seow Ann, Leo Lian Sim and other officials from SGX, and conveyed the grievances. I wanted to know what they're doing about this and I was advised. I'm happy to say that they've already started investigations." Uni-Asia was listed just two months ago on August 16 at 55 cents each. The counter surged last month to hit a peak of S$2.79 in intraday trade last Friday. It closed at S$1.59 as at October 19, a loss of 36% on the week. SGX had issued two queries to Uni-Asia earlier this month over the sharp fluctuations in its share price. But the firm replied both times that it had no explanation for the heavy trading. The group of investors traded through broking houses Kim Eng Securities, UOB KayHian and CIMB-GK Securities. These broking firms imposed trading curbs on the counter, requiring investors to pay cash upfront for a stock, if they exceed a trading limit. The group of investors is concerned that the trading curbs could have been used to manipulate the trading. SGX recognises that such curbs are not unusual as it is a means for broking houses to manage their credit and stock exposure. But it is conducting a probe into the matter. Kelly Long, VP of Corporate Communications, SGX: "As part of our regular market surveillance, which include unusual or untoward behaviour, we do keep a close watch on it and we are closely monitoring this, and we will continue to do so. "We understand that investors have their concerns and we have since put them in touch with SIAS. They are the right body for investors who require assistance to go to, and we will respond to investors accordingly and work with SIAS on this." SGX said it will respond to investors once the investigation is complete. |
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paperless
Senior |
19-Oct-2007 20:04
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This samurai baby got very strong support when the price near to somewhere 1.30. With sharing the same samurai's characters, this baby wouldn't overwhelm easily. | ||||||||||||||||||||||||||||||||||||
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teeth53
Supreme |
19-Oct-2007 19:50
Yells: "don't learn through life, learn to grow with life " |
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FYI Oni: Uni-Asia Last:1.59 Vol:9,308k -0.09
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zhuge_liang
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19-Oct-2007 19:29
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Besides trading curbs by brokers. Uni-Asia is also being investigated by SGX. More downside! SGX said on Fri it will investigate alleged price manipulation in the shares of Uni-Asia Finance following a complaint by 33 retail investors. The investors had filed a complaint to SGX in which they alleged that trading curbs by Singapore brokerages had resulted in a sharp fall in Uni-Asia's share price. SGX declined to reveal the brokerages named by the investors. Brokerage firms usually impose trading restrictions on stocks whose prices have risen quickly, or if their clients' exposure to the counters cross a certain level. The curbs may involve demanding upfront payment for the shares and preventing clients from buying the shares on credit, reducing demand for the shares and causing the price to fall. Uni-Asia, a ship financing firm, fell from an intraday high of $2.79 on Mon to close at $1.59 on Fri, losing nearly half its value in the process. |
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leewei
Member |
19-Oct-2007 01:12
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Too sharp fall within a few days.... Possible of hitting 1.80 tomorrow ? |
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teeth53
Supreme |
18-Oct-2007 22:52
Yells: "don't learn through life, learn to grow with life " |
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3 weeks and be a millionaire or 3 weeks after become a bankrupt...
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viruz7667
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18-Oct-2007 16:10
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now BB focus at mermaid......up up up.....soon soon...will be next uni asia | ||||||||||||||||||||||||||||||||||||
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saturn
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18-Oct-2007 15:16
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Heard of so many pple lost so much coz of this co. Haiz...... Stay far far away from this co.... |
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viruz7667
Senior |
18-Oct-2007 13:46
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incloud9
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18-Oct-2007 13:40
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Hang Seng is up 1.08%... STI may rebound later in afternoon... Hold on to uni :) Hope to see it cheong to above 1.80++ |
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raymondho
Senior |
17-Oct-2007 17:58
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I do agree with yuri272, and viruz7667, dun worry, dun sad, the mkt is clearing all overbought and soon will come back to normal. today's closing at 1.67 athe upper part of the day's bar, it suggests tmr will go up further, at least in the morning. reaching 1.80 and above is not a luxury dream for shrt term. hope my dream will come truth. |
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incloud9
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17-Oct-2007 17:12
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Congrats to those who held... those who shorted probably buy back last minute... closing at 1.67... | ||||||||||||||||||||||||||||||||||||
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happyse27
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17-Oct-2007 16:31
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PE 13, still not too high for this PE(hopefully below 15), but the company too high profie recently in stock, its NAV only about 0.50. think too much high speculation... EPS is not really not high which makes one wonder if the company really worth it... Probably it would fluctuate between 1.2 to 2dollars, maybe 1.6plus it would tinker there... Best of luck to those courageous... |
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Yori272
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17-Oct-2007 16:27
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dun sad dun sad. lets waiting for another new coming listed company. ARA, derno whats the ipo price. its same industry with uni-asia, have u guys knw bout this company? oooHooo... strong rebound... dun sad. |
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viruz7667
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17-Oct-2007 16:25
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it seem like going up......may reach 1.8 2moro or fri..... | ||||||||||||||||||||||||||||||||||||
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