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BIO-TREAT TECHNOLOGY LIMITED
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Lucky03
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26-Jan-2013 16:51
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I thought when BB pushed a stock, it wouldn't just stop at 0.3cts a day and then paused for a week or more. In the meantime, sustained the price range bound and then pushed again only to repeat over 3 mths ? Anyway, I don't really care about BB so long as I remained comfortable with its momentum and growth potential for mid-long term holding. It is true that given today's trading mentality, the invest and hold mentality is often not the best strategy for maximizing profit. I'm comfortable with the above 15% return so far over the last 3 mths of accumulation. It is not a fast house. Perhaps not too wrong to describe it as dog as I find its faithfully stable up trend attractive and predictable and reassuring as it stopped to consolidate at each jump before moving up again.
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clickshop1628
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26-Jan-2013 16:13
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This stock is really a dog. I think there are other stocks out there that can give much better potential returns and faster. Looks like BBs trapped a lot of innocent retailers in the last run up. Too many outstanding shares in the market. Prefer other faster horses... |
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Lucky03
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26-Jan-2013 16:04
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As for share price. Many estimates suggested in the forum. Given that its Chairman David Chen ands jot shareholders recently subscribed to new issued shares at 4cts each and t took them 2 years of hardwork to put things into order and turn it around. It has to reward them well. Its last net tangible asset per share is about 7.3-7.9cts per share (guess the range cited by many may be due to the exchange rate of RMB). So, logically, it should rise to its NTA if its track record is sustainable and improving. Compared to its peers such as Utd Envirotech, it should rise above 10cts. Watch for its half year result announcement to be released around Feb 13-14. Its risk remains its ability to manage its finances and operation given that its short term debt to finance the plants is still relatively high. This divestment may be one of the considerations to refinance to meet its near term debts while giving them opportunity to capture new growth market given that they have out the business back on track. Perhaps it may not be divestment but rather more likely injection of fresh funds. There may be revaluation of its asset and hence a boost to its NTA due to this exercise.
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Lucky03
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26-Jan-2013 15:54
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Take a look at this. http://www.globalwaterintel.com/archive/14/1/general/hankores-bot-assets-block.html
Basically, it has turnaround and beginning to demonstrate expansionary growth strategy from recent successful restructuring and delivering profitability and positive cash flow.
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pabuaytoh
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26-Jan-2013 15:23
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Hi, since the share price has been stagnant for so many years, can somebody enlighten me how the share price will move up and to what level with this 3rd party news. sorry to ask such qns as am still a novice investor. |
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Lucky03
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26-Jan-2013 13:55
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Continue to monitor the cash flows for Hankore as we know how important that is to their business. From 2008 (before the financial woes were uncovered) - 2010/11 (financial restructuring) to 2012 (return to positive cash flow and profitability), here's their cash and cash equivalent - RMB264.6m (2008), RMB67.9m (2009), RMB8.6m (2010), RMB75.9m (2011) and RMB81.8m (2012). Hope to see them continuing to stay cash positive and putting aside higher cash and cash equivalent to build up a strong financial foundation and drive up profitability through plant expansion and aggressive tariff negotiation. | ||||
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Lucky03
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26-Jan-2013 13:25
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Didn't occur to me. Did they do the same for GE ?
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lictenau
Member |
26-Jan-2013 12:59
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election shutdown 2 days. cooling
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Lucky03
Veteran |
26-Jan-2013 12:43
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No lah. My last purchase was 1200 lots at 4.2cts about 2 weeks ago. Just collecting from 3.4cts over the last 3 mths. Still less than 10000 lots. For the same amount$, can only buy 2/3 at current price of what has been accumulated. In another month, maybe only 1/2. Hopefully within a year, 1/10 :)
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leeeta
Veteran |
26-Jan-2013 12:27
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Lucky wow...your bit by bit accumulation within a week is like 1300 lots...so in ten weeks 13000 lots..powderful man. So far my collection is lower than 13000 and lower than dmdfilla's.
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leeeta
Veteran |
26-Jan-2013 12:25
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wow..600K SGD can retire liao or you must have a few million and this is just to top up your retirement funds. I think in Singapore if one wants to retire early with wife and enjoy a bit of luxury (holiday but using budget airlines)...till 80 yrs old and not depending on kids at 50yrs old - one needs at least $3mio-4.5Mio to cover everything. Which is about $100k - $150k a yr. Unless got a few properties..can live on rentals.
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Lucky03
Veteran |
26-Jan-2013 11:24
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Looks like CNA Forum is having big problem. Still down. | ||||
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Lucky03
Veteran |
26-Jan-2013 11:21
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ML will not be producing report. They are playing financial advisory role to Hankore mgmt on the best way to get returns for shareholders by assessing the offers from multiple suitors and their own organic growth. Ultimately, it will be Hankore mgmt who will have to evaluate the recommendations from ML before updating shareholders or seeking approval via EOGM if necessary. It may take about 3 mths so perhaps around the announcement of the half year result on Feb 13-14. In the meantime, will continue to accumulate slowly to avoid indigestion :)
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ysh2006
Senior |
26-Jan-2013 07:33
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How come ML staff got retrenched ? ( Like JP & Citi) take so long to come out the report ,wait long long already ! You all sure or not keep on buying, make me envy, sakali report say not worth this much how ?.. any contingency plan ?... | ||||
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Bopanha
Master |
26-Jan-2013 07:25
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Hi guys, we can compete with one another lol! I am half way to my 3,000 lots. Hope to retire when Hancore goes back to above 20++ cents. It is possible. Wehehehehe!! | ||||
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Lucky03
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26-Jan-2013 03:15
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This is on top of the 800 lots I got on Thurs 4.6cts.
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Lucky03
Veteran |
26-Jan-2013 02:55
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I got 500 lots 4.6cts today too :)
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leeeta
Veteran |
25-Jan-2013 23:06
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today got another 500 lots at 4.6cts.. feel like burping now..stomach so full. | ||||
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Lucky03
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25-Jan-2013 18:27
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No last minutes throwing down. Good sign too :)
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iamwxd
Member |
25-Jan-2013 17:31
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no short term player can buy so many. 6.8% of its total market value had been transferred! Most important: the price did not push higher!!! So hold it!!
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