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Hankore onward march to 8-10cts.
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cccx123
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05-Oct-2013 14:32
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This time around is a little bit different. Pan Electric was worth like 300 million sgd at the time of collapse. Together, the three suspended firms, including ISR, Innopac and Ipco have market capitalizations of over 6 billion sgd. But yes, the business times article today did say that fundamental sound companies like hankore, EMS and singhaiyi also were affected by the pennies crash.
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Lucky03
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05-Oct-2013 13:45
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Ha ! lol. Hopefully wiser too :)
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leeeta
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05-Oct-2013 13:26
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we must be around the same age then. :)
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Lucky03
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05-Oct-2013 13:13
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Your observations and analysis are valid and agree that a more appropriate choice of word may be revalued to better reflect its worth though it has more room to grow. Can't help it when seeing so much talk of ST that it was becoming speculative than investing talks ! I've cautioned about Blumont and that SGX query will not be a simple matter. In fact, I recalled the collapse of Pan Electric crisis in 1985 that resulted in SGX being shut down. I was still schooling then and overheard my grandfather and uncles talking about it. I just read BT Online sharing same sentiment. Never be over confident. Good luck.
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Tomique
Master |
05-Oct-2013 12:53
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I bought some lots yesterday when the px came down. My opinion is that at yesterday's low px, it is very worth to buy. Those holding don't have to worry because HK is very likely steering towards 10 to 20 cents kind of counter in the short to medium term, and mid cap status in the longer term. When its px softens, should collect some more.
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leeeta
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05-Oct-2013 12:35
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and I have done my homework and believe that with capacity increases to 3 to 4Mio ton/day   + water tariff increases + high growth projects ...it is only a matter of time before we see the px shooting past 50cts onwards as eps increases over time.  Facts : Water tariff increases : done deal and negotiated overtime.  projects :   2nd phase expansion projects announced   with 3rd phase in planning (and hopefully many more to come with China urbanization program) Capacities :   Operational 700thousand ton/day   of contracted 1.570mio ton/day. To expand further to 2.5mio ton/day via local government awards. Capacities to grow further via planned M& A. So if the px growth is supported by credible business growth and not pumped up, I dont see   they will go the same way of Asiasons or Blumont..unless David , Alan and company are real con men...hoodwinked all to believe the turn around story , including those who visited their plants when indeed it is just an empty shell as one great " master" has claimed.    
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leeeta
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05-Oct-2013 12:03
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Strategies may be similar..but HK share price is not being pumped up like Blumonts. I disagree that the share price is being pumped up like Blumont when it is has risen near it NAV, dont you think so? Even if its trading 2 to 3 times its NAV, this is perfectly normal, What is not normal is the likes of Blumont and Asiason...and I hope Hankore dont go that way of inflating share price 200-300x in less than 12 months to take over companies via share swap with its recent announcement of expanding auth. shares. That would be dishonorable. It has to be credible and sustainable...and HK is doing just that by building and expanding capacities for a water scarce China. The demand is certainly there and will continue for a long long time.   The current share price increase is reflective of their performance and will dramatically increase in the future as business grows. Besides share swap, there are other ways funding.   
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wxp8838
Senior |
05-Oct-2013 11:17
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I like you lol. Got some hankore last Friday. Hold till 10c. Good luck all of you
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leeeta
Veteran |
05-Oct-2013 10:31
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Its sheer waste of time reading his posting. Ignore him. He spouts nonsense. He mush have earned his " master" tag talking crap.
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wendel
Master |
05-Oct-2013 10:28
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U know of the Cry Wolf story? Mr Nek as always does that...hw much to believe? Would rather trust my own judgemental. I'm not vsted thou coz my funds r in underwater stk..like blumont.
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wxp8838
Senior |
05-Oct-2013 10:21
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Why ?for what? So I am going to sell on Monday, all of them.
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ynnek1267
Master |
05-Oct-2013 09:37
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Dying s chip, next week break 7 cents and heading to 5 cents | ||||
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leeeta
Veteran |
05-Oct-2013 01:38
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cccx, I believe they have done their due diligence..but nothing beats fear in a sellers market. The selling is overdone..just like in HK's case, people are exiting without thinking, jump out first and lets see is the motto of the day. HK will quickly come back again to 8cts then break 8.5cts to head to 10 by end of the year..and as for Innopac, if the real value is there, overtime you are in for a profit if you hold on to it.
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cccx123
Veteran |
05-Oct-2013 00:00
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I am not..going to cry myself to sleep. When I bought Innopac, thought the US hedge fund and Nomura would have done due diligence or they wouldn't have bought so much of Innopac above 12cents. Turns out that institutional investors might be wrong too.
Oh and if HK gets an increase in authorized share capital of 15 billion, that will be like giving management a billion dollar war chest to play with, assuming placements are done at 7cents. Don't know if it is really that easy.
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Lucky03
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04-Oct-2013 23:56
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There are many things that we can't control or anticipate. Until today, Blumont was on cloud 9 and everything is so rosy. She was on the way to seal a deal of $146m to acquire an Aussie coal miner which I believe will be very helpful to their growth story. Their share price has been pumped up to astronomical price that has made issuing shares for the acquisition a cheap way. Everything crumbles with SGX questioning and suspending its shares after it plummets more than 50%. Blumont just announced canceling the deal as it is no longer able to afford it. There may be ripple effect and I'm not sure if it will ever have another chance to enjoy such fortune in the short term. Many broking houses will be busy chasing for contra loss or margin top up in the next few weeks.
Hankore may exhibit similar strategy with its share price being pumped up from 5c to high of 8c and now proposing to have the approval to more than double its share capital to allow it to issue more shares.. likely for acquisition via share swap since it has already the MTN for raising working capital to support new projects or upgrading jobs. Many wonder why Blumont stayed so high for so long as they need the significantly higher share price to finance its expansion strategy through issuance of shares. Hankore's share price is apparently being supported and likely so in conjunction with seeking approval to issue more shares. Both must be successfully defended or its strategy may be delayed. Watch the development and react wisely. |
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Lucky03
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04-Oct-2013 23:14
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Thanks, Share7 :) Intelligence without luck is a fool. Luck without intelligence is lucky fool :) Good luck to all !
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Lucky03
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04-Oct-2013 23:11
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Thanks leeeta :) Even if I do not find the re-entry, I wish all good luck !
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Share7
Senior |
04-Oct-2013 22:50
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Hope you are lucky just like the other time.:)
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leeeta
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04-Oct-2013 22:45
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Good luck to you Lucky, I hope you get lucky.
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leeeta
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04-Oct-2013 22:44
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can put forth   better arguments or facts rather than just wasting time? Otherwise your posting are just a waste of time.    :)
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