Latest Forum Topics / Renaissance United Last:0.001 -- | Post Reply |
Neglected, Illiquid, Undervalue, Recovery counter
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srichipan
Master |
10-Sep-2013 09:26
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Lol. Kk. Strange part is that the sell queue was placed and then wiped up within 10mins. | ||||
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hmphie
Senior |
10-Sep-2013 09:25
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The last time this happened was recently at 34.
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ninjawarrior
Member |
10-Sep-2013 09:20
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Nothing strange..... Maybe institutionasl and some individuals is buying more.They go in together.......Retailers are just buying 10 or 20 or 100 lots per trade.....the millions is the one we need to track. Most likely their plan is going through.....At 0.033 the support is very strong. 
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sk6666
Veteran |
10-Sep-2013 09:19
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I also find it very strange. What's cooking? | ||||
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hmphie
Senior |
10-Sep-2013 09:19
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Maybe one of the two SSHs are selling?
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srichipan
Master |
10-Sep-2013 09:17
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Very Strange to see such huge sell queue at 0.033. And even more strange someone eating up the queue | ||||
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Bigmama
Master |
10-Sep-2013 09:16
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Here it comes! | ||||
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ninjawarrior
Member |
10-Sep-2013 09:16
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....since opening. Very aggressive buying.... @@ | ||||
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hmphie
Senior |
09-Sep-2013 19:06
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This is from their annual report.
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dingbat
Senior |
09-Sep-2013 15:08
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Copied from Imba @ sgtalk: Ipco--   The Group?s primary investments have continued to show improvements in their operating performance, as well as their prospects for business development. 1. The Group holds an 81.25% equity interest in ESA Electronics Pte Ltd (šESAš). ESA is a Singaporeincorporated company and acts as agents and distributors of semi-conductor back-end equipment, such as burn-in systems, vision inspection systems and test systems. The demand for burn-in boards by semiconductor manufacturers of personal computers and consumer electronics has decreased due to the weakened consumer market. To counter-balance the excess capacity caused by the lack of consumer demand, ESA is working to secure OEM contracts from USA and UK companies to manufacture their products in Singapore. 2. The Group?s wholly-owned subsidiary Excellent Empire Ltd, in turn via its wholly-owned subsidiary China Environmental Energy Protection Investment Ltd (?China Environmental?), holds a 90% equity interest in four companies supplying natural gas under 30-year exclusive contracts in the cities of Anlu, Dawu, Xiaochang, and Guangshui in Hubei Province, PRC. The strong revenue growth in China Environmental?s four operating subsidiaries should continue over the next 12 months. During this time construction of the Phase One network in Guangshui is expected to be concluded, which should accelerate revenue growth. A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months. The Group is actively seeking new energy investment opportunities in other provinces of the PRC. 3. Asia Plan Ltd, in which the Group holds a 70% equity interest, is engaged in real estate development near Seattle in the state of Washington, USA, via its wholly-owned subsidiary Capri Investment L.L.C (" Capri" ). There are signs of a revival in home construction in the Seattle area, as many previously foreclosed homes have cleared the market at low prices. However, as the general market has been improving, competing developments are offering more lots for sale in the vicinity. Capri expects to begin soon the next phase of development comprising approximately 95 lots, with marketing of the new finished lots expected to commence in 2014. |
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nqing87
Veteran |
08-Sep-2013 14:43
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actually in fact after the rights, theoretical blumont price base on current price will become around 1.30+ bucks per share.. makes it more attractive to continue go further up.. rather than having still around 2 bucks after rights, harder to attract market.. maybe that's why blumont give rights price so low.. but we never know their intention.. as long as blumont give ipco money at end of the day, dont give a damn to blumont haha
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nqing87
Veteran |
08-Sep-2013 14:37
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im not too concern about how market will react to blumont, whether plunge or maintain lol.. drop till 80cents, also still got 160million profit or so.. drop till 40cents, still got substantial profits to do some action.. im more interested in whether the ipco management is able to get their cash eventually & deliver something good from this cash.. 
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Newlearner
Member |
08-Sep-2013 13:44
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Nqing, i agree w u.
I also believed ipco, "other few counters and major investor" of blumont already anticipated blumont rally from cents to dollar and this rights issue too. Who in the right mind won't take profit, already 100 bagger with PE of 2000x (base on bloombery)... Just my guess, blumont's shares price dilutes after this rights issue, I think price will stay or uptrend. And this 860m new shares can actually allow bigger players to take profit when times come. |
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nqing87
Veteran |
08-Sep-2013 12:40
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well, ipco didnt rise much when blumont has been going its fairy tale run.. if blumont fall & ipco follows suit, then that will be unfair lol.. ipco nothing much to lose anyway.. they bought blumont at 1.5 cents or so.. a big plunge just mean ipco less profit.. dont think blumont will crash to this point.. 'cos it did start to do some mining investment, not like doing totally nothing and the price went up..
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dingbat
Senior |
08-Sep-2013 12:18
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Ipco's fortune is directly related to Blumont's. If Blumont's plunges on Mon b'cos of  negative reportage and rights issue, what does that spell for Ipco.... Or should we follow Towkay Lee's  lead and hold  on tight to Ipco b'cos he must have anticipated the dilution of Blumont and Ipco  but still  sees room for  value  enhancement?  Any views on this. |
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guoyanyunyan
Elite |
08-Sep-2013 08:53
Yells: "uncertainty always exist" |
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...yes... according to SGX - My Gateway Economic Calendar...
 
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nqing87
Veteran |
07-Sep-2013 23:16
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yea.. 1 thing i dont like about ipco is the large floats around.. too hard to push 1 bid.. it is also shortist's favourite counter.. me small investor here, still young, not much money to play haha.. think i have much less lots than you bigmama, but think im more positive than u about ipco in general.. wonder if ipco will start selling blumont, after goh eng siao attack on blumont.. blumont indeed is having a irrational rise, ever since mths ago.. and im wondering if ipco is holding it 'cos it believe it's worth that much, or just dunno when/how to start cashing out lol..
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Bigmama
Master |
07-Sep-2013 23:08
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Yes, extremely highly unlikely is equal to almost impossible. I should use almost impossible. Thanks.
Unless shares consolidation as the float is very large.
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nqing87
Veteran |
07-Sep-2013 22:20
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nah never say impossible.. it's just extremely highly unlikely:) we never knows how irrational the market can go, just like during the dot.com bubble.. blumont is one example.. i never believe it will reach 50cents even.. now it's 2 dollar.. irrational rise, but that's how irrational market is.. i wont mind blumont to keep rising though, since ipco stands to gain more lol.. management better wake up its idea, otherwise with heavy cash also useless.. 
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Emptyhand
Senior |
07-Sep-2013 22:19
Yells: "greenhorn !" |
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Don't mind me saying bigmama, but you sold blumount at $0.20 because you did not anticipate its current price. Nothing is impossible  
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