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Wat's up wif Wee Poh?
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ten4one
Master |
31-Oct-2006 09:08
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Have to change strategy due to consolidation. I think it is more tradable now. Let's see how this move is going to change the trading patterns. Cheers! |
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YenYen
Member |
30-Oct-2006 23:48
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Is it confirmed that price will start at 50c after consolidation & not 25c? |
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maxsyn
Veteran |
30-Oct-2006 21:27
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got huge quantity floating in the market and trading between half and 1cent, can't trade down any further. consolidate 50 to 1 effectively bring up to 50 cents, and means it has 49.5 cents room to fall |
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singaporegal
Supreme |
30-Oct-2006 21:16
Yells: "Female TA nut" |
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Whats going on with Wee Poh? Very high volumes but no change in share price. |
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allantanhc
Veteran |
28-Oct-2006 11:22
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The issue really is what is the fair value of the new company's share? I do not have that answer right now. |
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lkw1974
Member |
28-Oct-2006 01:21
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still can try?? got turn around story?? |
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YenYen
Member |
28-Oct-2006 01:17
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got it! thanks a bunch allantanhc!! |
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allantanhc
Veteran |
27-Oct-2006 23:54
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Hi, YenYen, at the SGX homepage, click listed companies and then click announcement. Under the announcement page click announcement "Today". Wee Poh's announcement is at item 178 released at 7.40 pm tonight. Hope this helps. |
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YenYen
Member |
27-Oct-2006 23:44
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hi allantanhc, could u tell me where exactly to find the announcement you mentioned in sgx? tried finding & only found latest one dated 25 oct 2005. would like to know when the consolidation will happen. still not sure if consolidation is good or bad. |
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allantanhc
Veteran |
27-Oct-2006 23:19
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Hi, Chipchip66, it is getting late now, I think. Yes, one lot converts to 20 shares. One lot costs you $10 to buy. So, each share costs 50 cents. Not 20 cents. Hope this helps. |
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chipchip66
Master |
27-Oct-2006 23:14
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If the last trading price is at 0.01 and you a 1 lot, then after consolidation, you would have 20 shares only at $0.20. So, pls do not be confused. |
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smartrader
Elite |
27-Oct-2006 22:32
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new shares already issued to the HK company in 2005 during the reverse takeover. Now it is a question whether the new share price can trade at 50 cents after consolidation. |
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allantanhc
Veteran |
27-Oct-2006 22:27
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Consolidation of 50 existing shares into one new share has just been announced by the campany. You may see their posting through SGX. This means that one new share is worth 50 cents assuming one pays 1 cent for each existing share. Don't know about how many new shares the company is going to issue to the HK company that takes over Wee Poh and the real worth of the new company. Too many uncertainties. Buying now is actually gambling. |
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smartrader
Elite |
27-Oct-2006 22:03
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Is this consolidation true ? Good or bad.. |
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chipchip66
Master |
27-Oct-2006 21:19
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Wee Poh will consolidate every 50 shares into 1 share. |
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ten4one
Master |
27-Oct-2006 05:40
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The Market Cap is USD54,000k and daily vol is 2,230k. Just buy and lock it up 'cos it is very difficult to trade and it doesn't make sense due to low trading gains in absolute term. A really long term investment and I strongly believe in the good potential of future rewards for Winning. Anyway, it is a small 'bet' for long term gains. Just take one less visit to Banyantree Resort (just kidding)! Cheers!!!! |
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chipchip66
Master |
26-Oct-2006 23:08
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Market cap is around 17 billion shares! |
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singaporegal
Supreme |
26-Oct-2006 22:10
Yells: "Female TA nut" |
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wow.... 0.01... what can be cheaper than this??! TA people should avoid. Too risky even for punters! |
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smartrader
Elite |
26-Oct-2006 20:47
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Today is the EGM to change the company name to Time Watch Investments Pte. The name change will remove the stigma of the bankrupt construction company and gives the company a new image and higher profile in watch business. Resolution likely to pass and you will see a change in the stock name soon. |
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allantanhc
Veteran |
26-Oct-2006 18:59
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Now I understand the meaning of rock bottom. $1000 will buy you 100,000 shares. Just wonder what is the market capitalisation of the company? |
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