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STXOSV
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heavenknow
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05-Jun-2012 10:35
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Went searching for news this morning brings me to dong http://m.donga.com/3/all/20120604/46758447/1 One of the 3 major dailies in south korea.   Below is the translation by google.  " The STX STX OSV, STX Energy, STX Heavy Industries, and other subsidiaries sold 2.5 trillion won through plans to get cash. The sale of stake in STX OSV pinkantieri - Carlyle Group Consortium and the final price set out in coordination state. The STX Energy, STX Heavy Industries Development Bank etc. and special purpose company (SPC) by establishing a plan to sell shares directly through publicly traded companies plan to"   Looks like its now not a matter of will the sale go through, but more of at what price will it go through as STX parent firm looks for 2.5 trillion  won from the sale of their 3 subsidaries.   Article is 7 hour old  |
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MtFaber
Member |
05-Jun-2012 09:40
Yells: "PRICE may not equal VALUE" |
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This is a tricky situation. The price (if it is 1.60) is agreed between the bidder and STX PO at a different time frame. Whether the bidder is required to mandatory take over all the rest of the share is still a (?) mark. Another question is whether the successful bidder has obligation to take over the rest floating in the market at 1.60? It can be lower perhaps due to market condition if it is required to do so. So it is still a risk.
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jamesng
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05-Jun-2012 09:33
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Up very fast now Any news |
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sgnewbie
Master |
05-Jun-2012 09:14
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http://sgxreports.blogspot.sg/2012/06/stx-osv.html |
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tglim74
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04-Jun-2012 23:01
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Thanks, will listen to your advice to choose the wait strategy. This time dunno where is the bottom. So many issues suddenly pop out: Greece, Spain, US slow recovery, China slowdown, etc, etc...
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tglim74
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04-Jun-2012 22:54
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One question to ask all the gurus here: in the situation like this, doesn't it better for the bidder to buy from the open market at cheaper price rather than from STX at 1.60?? | ||||
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Bintang
Elite |
04-Jun-2012 21:25
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If the runaway gap created today would not cover in the next few days , then the downside target may to reach n even go lower .
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littleboi
Member |
04-Jun-2012 21:18
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Hold ur cash, wait for it to go really bottom...and buy and keep :)
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jamesng
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04-Jun-2012 17:36
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If you think this way, that mean the fear is not here yet.......
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silvermansac
Member |
04-Jun-2012 17:18
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Lucky they suck their own Thumb , I think 2008 is already ,  Target price may after two week   1.10 dollor. Pls dont trust   the analyst , they are not studied in Howard uni , this clever beggar getting money from company writing wrong report 3 month,6 month, 12 month target 2.00 dollor.     two year before i bought china milk one analyst said target price 90 cent.   finally Suspended more than two year no news. 
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bryancbq
Master |
04-Jun-2012 16:46
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might even go lower than 09 bottom. time to whack hard hard if it does!
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jamesng
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04-Jun-2012 16:42
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Perhaps if it return to 1.4, that mean something positive is coming based on the news below..... | ||||
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heavenknow
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04-Jun-2012 15:49
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I always believe there is no such thing as too much information. Here is a little something from korean site. http://www.asiae.co.kr/news/view.htm?idxno=2012053118571243087   article is 3 days old. I used google to translate the key point. Any sifu good in korean can help give a summary of the article?    " STX OSV meantime chujinhaeon soon after you finish the task of selling about 1 trillion won fund is expected to turn up. STX officials " STX OSV of the sale is completed next month with the final stages," he said."     read with a pinch of salt |
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woowoo
Member |
04-Jun-2012 15:40
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Nope! never catch a falling knife.... | ||||
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MtFaber
Member |
04-Jun-2012 15:12
Yells: "PRICE may not equal VALUE" |
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Better to hold cash. Looks like history going to repeat itself. Last time in 2008 is the housing debt bubble. This time round it is the EU member states debt bubble. Uncle sam's debt bubble is yet to be exposed. If china slows down too rapidly, china can also have a housing bubble! Prices going below 2008 level is now a possible reality!
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jamesng
Veteran |
04-Jun-2012 15:05
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Today low is 1.27....did u buy??? But you will likely regret......current price + 10 cents dividend pay out under this europe crisis is still very high.....
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MtFaber
Member |
04-Jun-2012 13:01
Yells: "PRICE may not equal VALUE" |
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I hate gaps but there is one around 0.90 to 0.93. | ||||
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tglim74
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04-Jun-2012 12:56
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Thanks for the advice. The itchy hands make me pay a lot recently
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tglim74
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04-Jun-2012 12:52
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1.28. Looks like bottomless... | ||||
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Bintang
Elite |
04-Jun-2012 12:47
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All the way it goes down .
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