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Potential of LMA'S new product stonebreaker
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moneymatters
Member |
15-Feb-2007 20:08
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LMA was cited by Minister Tharman in his maiden speech as the type of businesses that Singapore is trying to attract. |
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jackjames
Elite |
15-Feb-2007 15:45
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bleed again, 250 lots sell down at 0.55, anyone got 0.55 today? quite a good entry though.. |
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iPunter
Supreme |
14-Feb-2007 17:36
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A double bottom is reversal quite likely for LMA. So buying at 0.545 may be a good entry for a fast punt. |
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novena_33
Veteran |
14-Feb-2007 17:33
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Hi Jackjames... u have problem with biosensor ...... LMA is medical company , like Biosensor lah... not marine business!!!they have this u know... ;p Announcement at SGX-Net:
Biosensors announces positive results in on-going clinical trials for their BIOMATRIX stents including in Singapore. The Registry results were presented by none other than Prof Koh Tian Hai, Director of Singapore National Heart Centre. haha, what better "endorsement" than that!!!...guess any doubting local cardiologists will keep quiet now.  let see whether this will add weight for CEMark approval. |
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hikitty
Master |
14-Feb-2007 12:54
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LMA will take some time before it runs up, possibly after March when share buy back kicks in. |
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TradeChancellor
Veteran |
14-Feb-2007 00:31
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Hi Kitty, we are in the same boat supporting LMA as a worthy stock/company ;). I'm actually trying to get enough funds to buy another 5 or 10 lots @58cents to average down my price before the buyback kicks in. Just to sidetrack a little, since you mentioned SGX, i think it would be wise to invest in SGX after the bull ends and market crashes and the bear crawls in. This is because SGX will follow closely to STI since SGX fortunes will depend heavily on price and volumes of stocks. |
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hikitty
Master |
13-Feb-2007 23:52
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LMA is a victim of daily traders who trade on LMA - they must either buy or sell everyday. The ultimate winners today are SGX (sve fee) and S'pore govt (GST). The contra traders all lost $$$ based on the small volume transacted (3890 lots - not even 1/4% of float size). Mike Ashton, the Director, will definitely make money coz price is $3l0 below IPO price of $880 per lot. Unless there is a definite uptrend, the contra buy-up traders will not join in the fun. Let see whether the operators (who are SJ members and read the postings) will dare to continue with their game of selling low, hoping to buy lower when the LMA buy back scheme kicks in in March. |
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jackjames
Elite |
13-Feb-2007 22:53
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sounds good to me... the price should move tmr... |
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TradeChancellor
Veteran |
13-Feb-2007 22:40
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I believe once the company does a share buyback and price increases due to demand, many other investors will come into to buy too. That will prevent the "shorters" syndicate to sell down as demand to buy is much higher. The only freak accident that can happen is other buyers do not want to come in even after share buyback by company; but that possibility of a freak occurance is low, I hope. |
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iamsimone
Member |
13-Feb-2007 22:23
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Hmm ... 2 directors just bought some lots today! Getting interesting everyday!!! |
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moneymatters
Member |
13-Feb-2007 20:58
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Mike Ashton, the new CEO purchased 500 lots @ 0.57 yesterday. |
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jackjames
Elite |
13-Feb-2007 20:12
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tradechancellor, perhaps u are right. Since they intend to go for share buyback, that is why they purposely let "those" short the counter until they can collect at cheaper price too... |
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TradeChancellor
Veteran |
13-Feb-2007 19:43
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The EGM/AGM in March is calling for a share buyback mandate. If the resolution is passed, the price should rise with significance. However as we have seen and you have pointed out, the operators can manipulate with less than even 1% of shares floating out there and cause the price to slowly bleed. I wonder if the operators can still have the financial capability do that after huge amount of shares are bought back by management during March and price rises? |
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hikitty
Master |
13-Feb-2007 16:43
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LMA is fundamentally sound, but unsound as an investment. It has underperformed the mkt, no better than most China stocks or others with poorer fundamentals. Since being listed in 2005, it has moved below its IPO price most of the time. It was "overvalued" from day one. Its recent rally to 60cts was short lived, though its long term prospects seems promising. The only setback is the time taken for the copycats to be sued and made to pay damages by the judiciary is long, wreaking havoc on LMA shares in the meanwhile. It took almost two years to dip to its present historical low. Hope its recovery to its glorious past is swift and "deadly" so that short sellers are forced to quit LMA and move to other shares which allow them better returns. |
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sohguanh
Veteran |
13-Feb-2007 15:10
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Ok thanks for clarifying. |
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jackjames
Elite |
13-Feb-2007 14:59
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sohguanh... LMA is medical company , like Biosensor lah... not marine business!!! |
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sohguanh
Veteran |
13-Feb-2007 14:58
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I see this post so long but LMA stands for Labroy Marine? |
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jackjames
Elite |
13-Feb-2007 14:48
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very tempted to go in at 0.56, but afraid that's a trap.. I would go in, as I see more big boys > 100 lots buy up.. then, safer. |
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jackjames
Elite |
13-Feb-2007 14:46
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Anyone keep on eyes on this counter right now? I observe sth funny.. when one buy up 100 lots at 0.56, everybody went in to buy all the remainding lots at 0.56 ( I nearly follow in), then, when the buy price become 0.56, some idiots just dump at 0.56, and made the sell price back to 0.56.. and this repeating for 3 cycles.. any SJ forum enter at 0.56? as you can see... some idiots also put more lots at 0.56 for us to buy up... very interesting, if u have time, go and watch it now.. the time now is 2.47 pm |
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jackjames
Elite |
12-Feb-2007 12:00
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errrr... punting recently.. but will wish to re-consider my stand after I see a better picture... |
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