Latest Forum Topics / Innovalues | Post Reply |
Buy Potential
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zhuge_liang
Supreme |
04-Apr-2007 20:35
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Innovalues has announced the appointment of a COO. Mr Seiichi Yamamoto is a 31-year veteran of the HDD component industry. He has spent the last 27 years at NMB Technologies Corporation, a subsidiary ofMinebea Co, in charge of its Thailand and Singapore operations. Minebea is the world's largest manufacturer of miniature and instrument ball bearings, and a world leader in step motors, spindle motors, mechanical assemblies, aircraftcomponents, etc. KE believe Mr Yamamoto's immediate objective will be to help Innovalues revive its HDD business. A major South Korean HDD customer wants Innovalues to produce very significant volumes of turned components (1m sets a month by end2007, 2m sets a month by mid 2008 and 3m sets a month by 2009) for spindle motors. This customer currently outsources its spindle motor requirements from a major third party supplier but now wants to produce it inhouse given its large captive market share in the HDD end-market. It is even willing to co-invest in theadditional capex needed, a sign of its strong confidence in Innovalues. According to management, this new business could improve its margins significantly. Mr Yamamoto will bring the experience needed to manage the wholeprocess to ensure that higher margins are achieved. |
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hem2998
Member |
30-Mar-2007 09:24
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train taking off....$2 coming soon | |
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hem2998
Member |
29-Mar-2007 09:48
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spurs88 .. can you email me the Kim Eng report pls -- when did it come out? thefcmeister@gmail.com -- thanks! |
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hem2998
Member |
29-Mar-2007 09:45
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definitely NOT a trading stock....buy to hold..bonus 1:1 approved in principle by SGX....based on last issue, it was given out in may...:) | |
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hem2998
Member |
29-Mar-2007 09:38
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CIMB has buy target of $2.08 -- :) i cannot seem to attach the report |
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spurs88
Senior |
29-Mar-2007 09:17
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KimEng targets $1.82!!
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singaporegal
Supreme |
28-Mar-2007 22:02
Yells: "Female TA nut" |
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Low volume counter... illiquid stock. Not good for trading. | |
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hem2998
Member |
28-Mar-2007 16:35
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last chance to get it below $1.20 | |
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hem2998
Member |
26-Mar-2007 19:34
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bonus coming soon? i suspect it could be in jun....but strange that no announcemnt yet... |
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ruanlai
Master |
27-Feb-2007 11:45
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I think is the prospose bonus is approved soon in this 2 days...... Insiders always noe best.....quietly buy up.....if not this dead cat will not touch 1.12.........vested and hope for news.... |
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elfinchilde
Elite |
11-Feb-2007 19:54
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yep singaporegal. concur. trymyluck, be very careful with TA for this counter yea. c/o not particularly accurate for it. Relying more on lag indicators might be a better idea, as well as long term--less chance of error. | |
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singaporegal
Supreme |
11-Feb-2007 19:49
Yells: "Female TA nut" |
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Innovalu has inconsistent and low volumes... TA may not be accurate for this one. | |
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trymyluck
Senior |
11-Feb-2007 15:32
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hi elfinchilde it sure was more advice than i had expected. appreciate the time n clarity u took to explain. i better pick up TA fast i know the luck will run out soon |
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elfinchilde
Elite |
11-Feb-2007 14:07
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hey trymyluck, no prob. :) bollies are what i call bollinger bands, yep. They sound cuter this way. haha. Lead indicators move before the price of a counter move, so they can be used to predict uptrend or downtrend before the actual stock price moves. Your classic leads are Accumulation/Distribution (A/D for short) and Chaikin Oscillator (C/O). These measure buying interest etc, which is a good indication of whether the price will go up. So your classic buy indication (assuming your stock fits the initial criteria as a TA-able one): A/D up, C/O up, price still down/stagnant, RSI slowly increasing, bollies tight. Indicates a breakout soon. Pls note that the up has to be consistent as well: you can't see just a one day a/d c/o up and buy. There's short-term uptrend on a longterm uptrend, and short uptrend on a long term downtrend: if you're buying on the latter, movement is likely to be swifter: you need to move fast. Lag indicators move after the share price moves. so in that sense they offer more security. Standard lags are MACD (aka EMA) and MAcrossover. I find the latter more useful since on SJ you can shift the parameters to match the peaks and troughs more accurately than the standard 7/14 day division used. Personally, rule-of-thumb, found that for short trades, use 3/10 or even 3/9 as division. Not fixed tho. match the troughs and peaks as far as possible, but try to have at least 4 days in between, or you'll generate a lot of false buy/sell signals. pls note too that TA does not work on all counters. It's mostly insensitive on penny stocks and manipulated/cornered stocks. It helps too if you can run a backtest to see if TA works on the stock of your interest. It doesn't work on all counters. (in fact, after screening the entire SGX, i could find only abt 50 stocks that can be TA-ed--so yes, the criteria is quite strict). as for pennies: they're very volatile, i wouldn't trust TA on them. but from experience, lags and bollingers work best on pennies with sufficient volume and free float. hope this helps. take your time to learn. :) |
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trymyluck
Senior |
11-Feb-2007 09:32
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hi elfinchilde, thanks for the analysis. a TA beginner so could u let me know the diff between lead indicators and lag indicators. Bollies refers to Bollinger charts ? thanks |
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elfinchilde
Elite |
10-Feb-2007 16:26
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be careful with this counter. clear signs of manipulation. i divested at 1.17 liao. TA-wise it's better to use lag indicators and bollies. lead indicators unresponsive 'cos of volume problems. bollies appear to be pinching in, a breakout might be possible, but direction will only be indicated by the lead indicators. KIV for now. you can spot earlier too by seeing the actual buy up sell down vols if you have access to such info. good luck! :) |
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trymyluck
Senior |
10-Feb-2007 16:08
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Vested so did a TA on it even though just a TA beginner. RSI appears at around 50% and MACD althought lower than signal line (due to deliberate attempt to bring the price low so director can buy in) , price not going below 1.13 so I hope that can form a support line. Lots of Big boy action on this counter so cannot really tell which way direction will go unless some TA expert can spot something. Once actual Bonus annoucment date is set, hope it reaches year high of 1.21 atleast |
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singaporegal
Supreme |
01-Feb-2007 23:30
Yells: "Female TA nut" |
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Generally poor volumes... TA people should avoid | |
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wait4opp
Veteran |
01-Feb-2007 11:38
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INNOVALUES PRECISION LIMITED Proposed Bonus Issue The Board of Directors (the "Directors") of Innovalues Precision Ltd (the "Company") is pleased to announce that the Company is proposing a bonus issue of up to 159,704,000 new ordinary shares of S$0.05 each on the basis of one (1) new ordinary share credited as fully paid ("Bonus Shares") for every one (1) existing ordinary shares of S$0.05 held in the capital of the Company (the "Proposed Bonus Issue"). The Proposed Bonus Shares will be issued at nil consideration and without capitalization. The Bonus Shares, when allotted and issued, will rank pari passu in all respects with the existing ordinary shares of S$0.05 each in the capital of the Company except that they will not be entitled to any dividends in respect to the financial year ending 31 December 2006. The Proposed Bonus Issue is subject to: 1) the approval of the Singapore Exchange Securities Trading Limited (the "SGXST") for the listing and quotation of the Bonus Shares on the official list of the Singapore Exchange Securities Trading Limited Dealing and Automated Quotation System; and 2) Shareholders' approval by way of an ordinary resolution at an extraordinary general meeting ("EGM") to be convened. The Company will make an application to the SGX-ST for approval of the Proposed Bonus Issue. A circular to Shareholders setting out details of the Proposed Bonus Issue and the notice convening the EGM will be dispatched to Shareholders in due course. The Bonus Shares will be issued to Shareholders whose names appear in the Registry of Members or who have shares entered against their names in the Depository Register as at the date of the closure of the Share Transfer Books. Notice will be given at a later date on the closure of the Share Transfer Books and the Register of Members of the Company in order to determine Shareholders' entitlements to the Proposed Bonus Issue, after all the necessary approvals have been obtained. |
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elfinchilde
Elite |
20-Jan-2007 10:18
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Is no one in this counter? consistent uptrend since mid nov. and yah. can't do leading TA on it. i see this guy's movements by its wave patterns and MACD. vested at 1.07. FA forecast--one year target: 1.51. |
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