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Contel Corp
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theyoungone
Member |
17-Apr-2013 22:51
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You remind me of terencee when he was still holding on to those 1k lots or so... lol
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gelu2279
Member |
17-Apr-2013 22:51
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bro, if u pick up an accounting textbook and look under accounting for business combinations, you will know what I mean " contel-yuuzoo" will record the transaction as asset + goodwill if NTA < consideration given other bros can help validate if I am right as well |
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srichipan
Master |
17-Apr-2013 22:46
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Bro, no company will ever have a goodwill of $550 million. Its absolutely ridiculous! How did you come to that conclusion? Coca Cola, one of the top company in the world only has a goodwill of $12million.  
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srichipan
Master |
17-Apr-2013 22:37
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I think will so many big shots sitting in the committee, soon many people will get to know about the company.   Honestly, this is the first time I have seen such a powerful and scary committee board.   | ||||
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srichipan
Master |
17-Apr-2013 22:30
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0.1 is a given and no-brainer. My TP is 0.147. Yuuzoo not so stupid to hold 85% of the shares at a price higher than the market value. Their financial standing was audited as well. I think some people has a misconception that intagible asset=goodwill. It's definitely more than that. Because of the business model, most of its assets are classified as intangible. This includes franchise fees (recurring payment from customers), intellectual property rights (website) and licenses/patent (first mover advantage in many countries by partnering with leading local players). Not to forget their  social network and  mobile technology platform.   |
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h0ly0wl
Senior |
17-Apr-2013 22:29
Yells: "Huat Big Big!" |
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Do you know that many retailers bought contel a few months ago just because of the RTO hype, just take a look at the avg intraday volume for the past few months will do. Thus, the " sell-down" that we experienced for the past few days is normal, all just wanna do profit taking :). Give it some more time, and the BBs will def be back :)
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h0ly0wl
Senior |
17-Apr-2013 22:25
Yells: "Huat Big Big!" |
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The sell-down for the past 2 days are mostly done by the retailers who bought in during the contel rto hype and those cruel retail shorties. If BBs really sell down, you guys seriously think it will only be down for 10-13 bids? Most of us had went through the recent major sell down by the BBs, we know how fast and furious it is. Thus, it's not a big deal sell-down for the past 2 days. | ||||
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srichipan
Master |
17-Apr-2013 22:14
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Sellers already decreased by more than 50%. A good time to do flushing and by tomorrow all the profits taking should be done. Don't be surprised to see a breakout once that happen. The Ang Mohs are coming to town! 
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theyoungone
Member |
17-Apr-2013 21:52
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Too much optimism. Do note, short sellers increased but sellers remain substantial. From what i see, a lot of sellers are now short sellers. So those who took profits are now bringing the stock down, i.e. increasing their profits, by short-selling. Beware!
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louis_leecs
Elite |
17-Apr-2013 21:14
Yells: "half cash" |
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Yes,im bukit timah hill long long ago,and I'm not shortist but I'm come down and take durian every time during pacnics period and believe another heavy heavy rain coming soon , | ||||
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louis_leecs
Elite |
17-Apr-2013 21:08
Yells: "half cash" |
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nqing87
Veteran |
17-Apr-2013 20:58
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Note that WE is rose due to speculation, w/o fundamentals, sure to fall quick.. rowsley although got big news, it too has risen too much, by about about 5 times i think before getting katek.. contel had risen about 2+ times, which is not a lot comparing WE & rowsley.. imo, if rto really goes through, in long term, it shld be good.. if doesnt go through, it will slide like WE.. it will be scary & irrational if contel were to fall on positive rto news just to mirror the dow jones plunge lol.. right now short term it seems rather bad, and i believe we are seeing changing hands of shares from those who enter at low 60-80 to those new buyers who buy on rto news.. so bound to have a bit of correction here and there.. if rto goes through successfully, shld be upside.. but pls do take note of coming may debt issue that US has to resolve.. with a record high dow jones, any negative news can be a catalyst & excuse for plunge.. in 2011, similar debt issue saw plunge of around 20-30% i think.. i will probably cash my profits before may and maybe get out of equities a while, maybe get into gold/silver which has a higher probability of rising due to it being low now & the coming debt issue.. 2011 debt issue had pushed their price up quite considerable amount..
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srichipan
Master |
17-Apr-2013 20:27
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0.1 is a very strong  resistance. that could also be a reason  | ||||
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clonevil
Member |
17-Apr-2013 20:14
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yup. tmr, fri and next week should see better movements after contra and shortists take profits. however, cap likely to be at 100 cos prices tend to be at a discount to agreed prices pre-conclusion of rto and also due to possible overvaluation by yuuzoo. probably looking at TP of 93-97? i also regret not selling off above 100 but highly doubt will fall back to pre-announcement levels of 60, 70, 80. before announcement reach > 100, after announcement fall back to 80 or below? not much sense there. less volatility and volume, yes, cos less speculation after news announced. maybe we should look forward to good news on 30 Apr after AGM. If shareholders' approval obtained, rto completion should be quite chop chop. yuuzoo has been planning for listing for very long alr. tried once with alanco, failed. if contel also fail, they gotta wait another approx. 1 year from now or pay the compensation, which is ~$15m, not little considering its net profits of ~$20m. lets just hope there's no new crisis in Europe, fat boy don't play with his new toys and US markets don't plunge after reaching all-time highs or due to repercussions of the Boston blast. |
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mlfbac
Veteran |
17-Apr-2013 20:06
Yells: "Make Life Fun But Always Considerate" |
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Already shorted  2 days ... Next time  come earlier hor..........
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clickshop1628
Veteran |
17-Apr-2013 20:06
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Penny stock sentiment is no good now. BBs taking advantage to short given Contel has not fallen much since the day Dow collapse 200+ pts. Just like WE last time, kena whacked down from 20cts, no real bad news, just bad sentiment and the fact that it has not fallen as much as other stocks. Also same with Rowsley, got katek attack over silly rumours. Brace yourself for more selling, not just Contel but other pennies, sigh............. |
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gavinl
Elite |
17-Apr-2013 20:03
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Sorry, let me rephrase, how do shortists short? Thru Dma or other access that i am not expose to.
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gavinl
Elite |
17-Apr-2013 19:58
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Just 1 question. How long can shortists hold their shorts? I only know how to short thru cfd. Is it maybe they use Dma to short. Can using Dma to short be reflected on actual transaction? I know cfd doesnt reflect. Still very new in shorting. Any sifu can share? | ||||
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srichipan
Master |
17-Apr-2013 19:48
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Percentage of shorts increased, meaning actual sell down decreased. Profits taking nearing to its end. |
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theyoungone
Member |
17-Apr-2013 19:32
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Do the smart thing, short! | ||||
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