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Why BANJOO PRICE WILL NOT DROP?
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787180
Master |
01-Oct-2007 15:28
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BJ has moved away from textile business completely and with Shanghai lottery and CCTM's acquisition,>50% of its revenue will come from PRC...BJ will qualify under the investment shares listed below.... Launch of China Investment Corp (CIC) LAUNCH OF CHINA's MEGA FUND
(BEIJING) There was no champagne, no music, and just a few young women in traditional dresses. The low-key ceremony that marked the launch of China Investment Corp last weekend could reflect the cautious manner in which Beijing intends to unleash the largest fund in history onto the world's financial markets. The much-anticipated corporation will be in charge of US$200 billion - nearly one-sixth of the nation's enormous foreign exchange reserves - but it will not flaunt its wealth, observers said. 'They're going to be passive investors. They're going to take minority shares. And the most important thing is going to be safety,' said Chen Xingdong, Beijing-based chief economist at BNP Paribas. CIC was launched on Saturday at a time of growing unease among some western politicians who fear sovereign wealth funds will build up stakes in leading companies that will give them influence in politically sensitive sectors. Lou Jiwei, a respected former vice finance minister who heads the fund as its chairman, is evidently alert to the concerns. He said that CIC would respect international practices and norms as well as the laws and regulations in countries where it invests. CIC would set out to groom a good image of the company, Mr Lou said: 'We will increase our firm's transparency on condition of not harming our commercial interests.' Abroad, CIC would have a diversified portfolio of mainly financial products, while at home it would inject funds into financial institutions, he said. 'The strategy of CIC will be based on active, sound management to maximise returns for our shareholders within an acceptable bound of risk.' The fund is tasked with diversifying and maximising returns on part of the China's huge forex reserves, which tops US$1.3 trillion and is growing by the day. It is estimated that about 70 per cent of this enormous amount is placed in US dollar assets, including Treasury bonds that are as low-yield as they are safe. To do better than this, the company will not have to invest flamboyantly. Even so, the modesty that attended the inauguration of the company suggested a deliberate strategy to soothe concerns abroad. The emergence of a US$200 billion juggernaut has already raised concerns in some quarters over the potential impact on world financial markets. The worst thing China could do would be to sweep into, say, the world energy markets and make a series of high-profile acquisitions of oil companies or gas fields, some said. 'If they do not end up controlling foreign companies, there wouldn't be many political issues,' said Sun Mingchun, a Hong Kong-based economist with Lehman Brothers. 'It's a good idea to stress the business side of investment rather than the political side and let the outside world feel it is a business decision, not a political one.' If the company has indeed decided against the bull-in-a-china-shop approach, it may have got off to an uncharacteristic start. In May, long before the fund had even been officially established, it invested US$3 billion in US private equity group Blackstone, triggering questions about just how aggressive this newcomer was going to be. Analysts said that the Blackstone deal with its 10 per cent exposure is not likely to be typical of the kind of investments the company will make. They expect the company to prefer smaller-risk ownership of one or two per cent in listed companies. Even so, behind the intentionally cautious attitude, there is little doubt among observers that this is a creature with the power to rock world markets. 'The company will be a formidable force on the global financial market. The fund will be the largest of its kind in the world,' said He Fan, an economist with the Chinese Academy of Social Sciences, a Beijing-based think-tank. The emergence of CIC, he said, was part of a shift in the world economy. Ageing societies in the West have to sell out of some of the assets they have accumulated in the past, and this is where China is taking over, buying up assets for when it itself becomes a greying society in the not too distant future, he said. - AFP, Reuters |
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techsys
Master |
01-Oct-2007 15:28
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Banjo is in uptrend now. But the moving is too slow. So just for people who likes long run. TP is only arround .210 for this week. if lucky enough can be .225. Only people who like to play with massive lot can in. It's not time to buy, just hold for people who already have. |
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tweetieBird
Member |
01-Oct-2007 15:22
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Hmm, this pig not moving at all . Taking a afternoon nap :( |
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787180
Master |
01-Oct-2007 15:14
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Just be patient..accumultion not enough... |
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harryp
Veteran |
01-Oct-2007 10:42
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I think this pig has gone on pension. Price unlikely to go up further at the moment and very hard to play .... |
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idesa168
Elite |
01-Oct-2007 10:11
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I will only visit BJ if it's at 16¢. If not, better put my $$ elsewhere. Hard to trade this counter if there is no movement. China Play now. BJ not interesting! |
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Manikamaniko.
Master |
01-Oct-2007 08:51
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I agree with Cashier... :) Actually, I find this counter rather difficult to play... Just be ready to get in and out without much damage will be OK...(just like Cashier) |
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cashiertan
Elite |
01-Oct-2007 02:03
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just take note than banjoo has cover the gap up as on friday. this few days can take note of its movement b4 deciding . signal is mixed but looks mpre on the downside. also if needs are good, why the bb sell on thursday so massively? |
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787180
Master |
30-Sep-2007 22:24
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Why I say Banjoo's price will not drop much..but expect it to move up... Banjoo's price dipped below 20cts on last day of July 31 to 19.5cts and remain below 20cts during the sharp corrections touching a low of 15cts..worst is over...waiting to buy > at 16cts unlikely to drop to 9cts as some have hoped for..as definitive MOUs for welfare lottery from its subsidiaryShanghai All-Point Invs and purchase of Megatalk from NTUC Income was not factored in...should be on the uptrend soon |
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idesa168
Elite |
29-Sep-2007 20:22
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Hi President I would not deny that BJ MIGHT do better than 21 cents, but not now. Without fresh news (positive ones), BJ will trend down till the day everyone is waiting for, announcement of Lottery in China...IF THAT HAPPENS. I will price BJ at 24 cents if that happens. Without liscence, I will see BJ at 8 cents. But dun take my words for it. I am not GOD, wun be able to see future, just guessing. Your guess is as good as mine. SO better do your own research before plunging in. Good Luck. I am waiting at 16 cents. |
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go_francis
Senior |
29-Sep-2007 19:19
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Answer to the President: All the supporters think "YES", It is only a matter of time now... Some forumers in CNA even analysed that the price didn't cheong was due to suppression by invisible hands, for unknown reasons. |
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President
Member |
29-Sep-2007 16:43
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idesa168, any chance BJ will hit 0.21?? |
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President
Member |
29-Sep-2007 16:38
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787180, any chance BJ will hit 0.21?? |
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teeth53
Supreme |
29-Sep-2007 15:05
Yells: "don't learn through life, learn to grow with life " |
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BJ. Reminded me of Lottvision...once flying high (Less then 1/2 px now), so is Digiland (oni a 3rd from it former high px), both now is down to earth. Just wish BJ vested... Happy trading & Cheongg...ing. LOL. |
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787180
Master |
29-Sep-2007 08:19
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quote="Pheonix"]let's look at the proposed business structure- BJ + Diamond sky to hold 51% and 49% shares in a SPV (special purpose vehicle - a singapore incorporated company) Then, BJ to issue shares to Diamond sky as share consideration for 51% shares in SPV. BJ to issue at 20 cents per share.... [b]so are we expecting a share exchange between BJ and diamond sky for the SPV soon[/b]? Then this SPV supposed to hold 100% shares in WOFE ( a wholly owned foreign entity- a PRC incorporated company) ... the WOFE supposed to give consultancy services to All-Points who will then give 95% of the profit from its lottery biz to WOFE... [b]so why are we wondering whether the chinese government had approved the lottery deal to BJ, i thought all-points is directly running the lottery biz and has already obtain the license to do so... [/b] I supposed now BJ is giving the loan to WOFE, seems that this WOFE entity is set up and is giving consultancy services to all-points... so I think i am really looking at repatriation of foreign income... and also when is BJ going to issue the shares as consideration for 51% share in the SPV from Diamond sky??? anybody knows what i'm yakking about so far? :roll: any comments?[/quote] Co doing biz with firm in China normally engage consultancy co like WOFE to do credit check and build realtionships instead of Banjoo dealing directly with parties in Shanghai..learn that BJ's subsidiary already commence its paperless welfare in Shanghai.Shanghai All-Points Invs Co is a subsidiary of Banjoo,but Banjoo used the WOFE to liase with Chinese authorities,easier to get things done as Banjoo is treated as foreign entity.Pacificnet,Nasdaq has already been successful in welfare biz with China..a precedent has been set. :P Gd News for Banjoo's Shareholders |
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idesa168
Elite |
29-Sep-2007 01:18
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No, I think he is a small boy, not retired yet. And he has at least 4 accounts with diff. nick...lol...split personality...lol. Anyway, whatever the reason, we are here to get info, make $$, I mean real $$ not the monopoly $$ the child play. Who cares about bad rating or big title. |
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GerGer
Member |
29-Sep-2007 00:14
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he is simply too free after retire and i suspect he got mental problem. |
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idesa168
Elite |
28-Sep-2007 20:11
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GerGer, that fellow thought I was you and gave me 2 bad postings...lol...I very scared!...lol... Better keep quiet and stop going there. If not kena bad posting again...lol |
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tweetieBird
Member |
28-Sep-2007 16:07
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Those who are attending the EGM can ask the management to update the website as what go_francis has mentioned . |
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787180
Master |
28-Sep-2007 14:34
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Anyone attending the EGM on 8 Oct...for change of auditors...normally near the date..BJ will be given the push..need to clear 21cts with high vol...Pacificnet,Nasdaq has in similar fashion as Banjoo bought into welfare lottery biz not sports lottery like Lottvision,..BJ just need > time to iron out the ends with PRC government |
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