| Latest Forum Topics / Yongnam Last:0.026 -- |
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Yong nam
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ghlau935
Veteran |
15-Nov-2007 16:04
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I vested @ 0.545......so sad......... |
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Pinnacle
Master |
15-Nov-2007 15:58
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Yes, unless the market sentiment is bullish. But it do not looks like going to be happening soon. DJ future is below water now. Or YN can do a share buyback to push the price back to $0.40, which is also unlikely. |
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loyfam88
Senior |
15-Nov-2007 14:54
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Now the share is XR, will the price be dropping further? |
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Pinnacle
Master |
15-Nov-2007 00:40
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I think the rights issue is affecting the share price. The price should be trending toward the rights offer price. |
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KiLrOy
Master |
14-Nov-2007 21:33
Yells: "I buy only what I can see." |
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lower low, lower high. Looking at another leg down? |
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suilianglee
Member |
14-Nov-2007 21:03
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http://www.remisiers.org/research//ti_20071114.pdf |
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lap1981
Member |
14-Nov-2007 18:45
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whenever market drop Yn will drop and when market rebound Yn also drop. me cut at 355 bought at 50. technicalwise, Yn has touched support line built on may 07. a/d on downtrend. chao 1st n look for signals to come in. fawise after annoucement shd be heading up but end up south. siam 1st then got signals to come in again. |
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Geneva88
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14-Nov-2007 17:58
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What is going with yong nam going down hill everyday  |
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Pinnacle
Master |
09-Nov-2007 23:57
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In current market sentiment, I think what they say is not going to push the price any significantly higher. |
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zhuge_liang
Supreme |
09-Nov-2007 23:16
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Yongnam said the contracts are expected to have a 'favourable material impact' on its earnings for the financial year ending Dec '07. At Marina Bay, Yongnam will supply, fabricate and erect structural steelwork for the IR's hotel tower, which is expected to be completed by 2H09. It will also fabricate and deliver columns for the IR's north podium by 1Q08. The IR is expected to be completed by '09. For the F1 project, Yongnam will supply, fabricate and erect structural steelwork for a 3-storey recreation and commercial complex at Republic Boulevard. The F1 race is scheduled to be held around the Marina Bay area on Sep 28 '08. |
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Pinnacle
Master |
07-Nov-2007 17:34
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I think need the "BUY" call from major brokage firms to move this stone. Can |
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reisspoh
Member |
07-Nov-2007 17:23
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its weird that its price never really show signs of recovery, probably need to wait awhile more for the media to "advertise" this sort of news, then ppl will buy in? |
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amitkatyal
Member |
07-Nov-2007 15:57
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Construction company Yongnam Holdings said yesterday that it has clinched four contracts worth $90 million for three upcoming infrastructure projects in Singapore ? the Marina Bay Sands Integrated Resort (IR), the Formula 1 (F1) race track and the Orchard Turn development project. . The projects involve supply, fabrication and erection of structural steelworks for these developments. . Completion targets for the projects range from the first quarter of 2008 to the second half of 2009. |
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Elidor
Member |
07-Nov-2007 12:14
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Thanks for explaining. Wow, snail mail, I wonder if many people would exercise their warrants. By the time the warrants is exercised, the share prices might already be shifted, worse if downwards. Next question: How long does it take to get the shares once you exercise the warrant? Do we need to pay immediately or is it T+3 for payment? |
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karengsh
Member |
07-Nov-2007 12:09
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I'm sori cos it's the 1st time I got shares with warrants and I have missed attending the how to trade warrants basic seminar at sgx. Just to clarify, we can trade warrants against the warrants price right? then isn't the profit margin very low??? Kindly advise and thanks for your valuable time. |
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Pinnacle
Master |
07-Nov-2007 12:09
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I think they will send you forms through snail mail. That's the usual way. |
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Elidor
Member |
07-Nov-2007 12:06
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Question: How do you exercise the warrant? Do you go to the ATM to do press some buttons or something? Can you exercise it before the expiry date? |
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Pinnacle
Master |
07-Nov-2007 12:03
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Sorry. Its 3 warrant shares for every 10 ordinary shares. You can trade warrant in open market just like shares. But if by book closure and you do not hold the warrant, then you do not have the right to subscribe to the mothershare. "The board of Directors (the ?Board?) of Yongnam Holdings Limited (the ?Company?) wishes to announce a proposed renounceable non-underwritten rights issue by the Company (the ?Rights Issue?) of up to 366,574,743 warrants (?Warrants?) at an issue price of S$0.03 (?Issue Price?) for each Warrant, each Warrant carrying the right to subscribe for one (1) new ordinary share in the capital of the Company ("New Share") at an exercise price of S$0.25 for each New Share (the "Exercise Price"), on the basis of three (3) Warrants for every ten (10) existing ordinary shares in the capital of the Company (?Shares?) held as at a books closure date to be determined by the Directors (the ?Books Closure Date?), fractional entitlements to be disregarded." |
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karengsh
Member |
07-Nov-2007 11:53
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Tks Pinnacle. BTW, is 3 warrants shares equivalent to 3000 shares or 3 lots? N if we decided to sell off do we sell against the warrants price? Tks alot for taking time to help me in my queries. |
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Pinnacle
Master |
07-Nov-2007 11:42
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I think you need to have 10 lots to enable you to subscribe the 3 warrants shares. If you did not sold off the warrant shares when it expire, you will have the rights to subscribe the mother share at $0.25 each. |
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