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Hankore onward march to 8-10cts. Post Reply Rate topic
win_88 Member	05-Nov-2013 18:26        win_88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	oh no....must cut loses so fast ar? really no chance to go up??
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Spivvy Senior	05-Nov-2013 18:15        Spivvy About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	HARD EARNED savings gone liao. Looks like gonna cut this time with no reservations.
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cccx123 Veteran	05-Nov-2013 18:10        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems like the market does not like the arrangement, judging from how it gapped down. There were intermittent attempts to push the price up but ultimately, the bulls failed and had to retreat to 6.3cts where a raid was attempted before the sun set afterwhich the bears had to retreat, though not before setting fire to parts of the 6.3cts fort. Consolidation is always a taboo. Now that David has gotten hankore up and running again it appears he wants to dispense with the old shareholders who came up with cash infusions through a rights issue and sacrificed for the sake of the company by accepting massive dilution in this stock. Now that we can see light at the end of a long and dark tunnel, the captain decides to cut off the carriages containing the old workers and leave them behind with no direction as his engine chugs along to the light. Darkness appears to have befallen the old shareholders again. Even if we manage to fight the exercise off, the share price will also tank as it would appear to the investing public that investor and management are no longer in sync. If it goes through and follows the route of memstart or sapphire or swing media, we are also goners. Seriously,what can we do? Typical companies attempting share consolidations will add sweeteners to make the deal more palatable. This one not only did not bother, but also proposed this exercise so soon after the AGM. Are we now dispensable? Tsk..
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ynnek1267 Master	05-Nov-2013 17:55        ynnek1267 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wah, so good arrangement Private placement -> Push price high and unloaded to retailers -> Consolidated 10 to 1 What is next, hahaha of course Right issue lah 1 to 2? 1 to 5 or 1 to 10? make it back to less than 6 cents. Management take the money and spend happily in China. All singapore retailers still blur blur and expect golden egg will fall. Never lesson learn, after pain passed, still bite again.
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hmphie Senior	05-Nov-2013 17:50        hmphie About Contact  Quote this Post!
x 0   x 0  Alert Admin	The bigger worry is that between now and consolidation day, the price could already have declined considerably. Spivvy      ( Date: 05-Nov-2013 17:45) Posted: Jialak leeta has spoken. By the way, when is the share consolidation likely expected to be? Leeta is saying by xmas before consolidation to sell if want to. Newbie saying on X-day. Now waiting for Lucky's confirmation to sell signal liao.
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Spivvy Senior	05-Nov-2013 17:45        Spivvy About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Jialak leeta has spoken. By the way, when is the share consolidation likely expected to be? Leeta is saying by xmas before consolidation to sell if want to. Newbie saying on X-day. Now waiting for Lucky's confirmation to sell signal liao.
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leeeta Veteran	05-Nov-2013 17:29        leeeta About Contact  Quote this Post!
x 0   x 0  Alert Admin	just found some time to update...been busy the whole day. There was no discussion of share consolidation during the AGM/SGM. I am unhappy for three reasons... 1. firstly we just had the AGM/SGM   and why was this not discussed then? Was this deliberated ? or was there an event that happened very very recently (after the AGM/SGM) that led David to conclude that share consolidation is a better option (cant get big funds in? or is this a requirement by big funds becoz of the heavy float?). If its deliberated then this is sickening, cant trust them anymore. Yes the prices tanked but so did many of the pennies and i dont think many is aware of their plans. Take a look at YHM, Enersave, Mirach, Albedo, amplefield , SHY, innopac etc..all down and down. 2. during the last two AGM/SGMs, shareholders have reminded the management against raising of rights and share consolidation....now they are not listening to the attendees anymore..they are now tuning their ears to the big funds..really kanasai. 3. Share consolidation exercise on the short term is a pain for shareholders .. yes, we have examples like Swing, Abterra, Lantro that price tanked after consolidation and never recovered.. however we also have examples where price recovered and trend up a bit ie EuNetwork....problem with these companies is that there is no sexy growth story unlike HKs and in that magnitude.   Short term , HK's price will be seen floating between 6 - 7cts hopefully, with good 1stQ result, some tongers can escape if they want to give up. Normally BB who wants to escape will also move the share up..so grab your chance to sell if you dont want to invest anymore. Which means by Christmas.. prior consolidation...no more double digit and multibagging liao..that will come..but later liao..next year perhaps. This is my frustration. Long term wise, this is still a good stock..and can head up and shoot past 1 dollar post consolidation once the selling is done due to so many good factors as already mentioned in this forum...no doubt about it..question is when? Moving from penny to 2nd liner stock is a good thing to attract reputable funds who wants a pie into China's water treatment market..what more a company that will have their base in Singapore and growing pies in China. The growth story is real and is already in motion. LT story is sweet and if managed well, price appreciation is guaranteed and big funds in will surely press David for dividends..ST is not. Take a look at SinoGrandness..share split but price also up..will this happen in the future with HK from 10:1 then share split much later and price go up becos of solid growth? Limitless possibilities ..if we only know of their plans. Multi bagging can still happen however not in the magnitude i expect anymore.  For those who wants to sell, pls do at whatever level..to limit your losses or protect your gains/capital when the opportune time comes..you can always re-enter post consolidation. Good luck and CE. To each his own.
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oldflyingfox Master	05-Nov-2013 16:19        oldflyingfox About Contact  Quote this Post!
x 0   x 0  Alert Admin	They can't break the SGX rule by making announcement in the AGM, it will not be fair to those didn't attend the AGM. So I don't think they are hiding but just following the rules, we must be fair to them too. new6ie      ( Date: 05-Nov-2013 16:06) Posted: I believe consolidation exercise is planned out already before the AGM/SM but at the meeting they dared not talk about it for fear of too many questions by shareholders. This kind of management is clearly unwilling to share important information even with shareholders.   It was really unnecessary to hide it because there wasn't a halt before the announcement of consolidation. So the consldn was not important in the minds of the directors. Honestly most of us were bitten several times by the company.   Luckily I saw that coming and disposed everything and shorted some before the announcement. I only heard of the placement.   Have covered and will not touch this anymore.
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new6ie Senior	05-Nov-2013 16:06        new6ie About Contact  Quote this Post!
x 0   x 0  Alert Admin	I believe consolidation exercise is planned out already before the AGM/SM but at the meeting they dared not talk about it for fear of too many questions by shareholders. This kind of management is clearly unwilling to share important information even with shareholders.   It was really unnecessary to hide it because there wasn't a halt before the announcement of consolidation. So the consldn was not important in the minds of the directors. Honestly most of us were bitten several times by the company.   Luckily I saw that coming and disposed everything and shorted some before the announcement. I only heard of the placement.   Have covered and will not touch this anymore.
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dekmelvie Senior	05-Nov-2013 15:50        dekmelvie About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Consolidation is no good. ysh2006      ( Date: 05-Nov-2013 15:38) Posted: How come no wind at all, Hankore proposed 10:1 share consolidation seem no body aware even those attended the AGM recently????....but can see immediately after AGM price starting go down already.......no one hinted here even Mr Lucky03.... cccx123      ( Date: 05-Nov-2013 14:22) Posted: Will join him.. But I will probably follow the market if it takes a turn for the worse so my stake might be much reduced to a nominal figure as I want to keep my powder dry. We see what David is planning first ba.. Stopped collecting already so now cannot see anymore 1-10 lot buy ups hah
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ysh2006 Senior	05-Nov-2013 15:38        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How come no wind at all, Hankore proposed 10:1 share consolidation seem no body aware even those attended the AGM recently????....but can see immediately after AGM price starting go down already.......no one hinted here even Mr Lucky03.... cccx123      ( Date: 05-Nov-2013 14:22) Posted: Will join him.. But I will probably follow the market if it takes a turn for the worse so my stake might be much reduced to a nominal figure as I want to keep my powder dry. We see what David is planning first ba.. Stopped collecting already so now cannot see anymore 1-10 lot buy ups haha Spivvy      ( Date: 05-Nov-2013 14:18) Posted: eben the usually calm collected leeta korkor who always advocates us to relax lim kopi play golf has started to curse & swear liao. Leeta korkor, do u have enough shares to vote against & oppose the share consol or not? if not, i better start planning my exit liao. Btw, leeta are u in the top20? Maybe top  50?
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cccx123 Veteran	05-Nov-2013 14:22        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will join him.. But I will probably follow the market if it takes a turn for the worse so my stake might be much reduced to a nominal figure as I want to keep my powder dry. We see what David is planning first ba.. Stopped collecting already so now cannot see anymore 1-10 lot buy ups haha Spivvy      ( Date: 05-Nov-2013 14:18) Posted: eben the usually calm collected leeta korkor who always advocates us to relax lim kopi play golf has started to curse & swear liao. Leeta korkor, do u have enough shares to vote against & oppose the share consol or not? if not, i better start planning my exit liao. Btw, leeta are u in the top20? Maybe top  50?
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Spivvy Senior	05-Nov-2013 14:18        Spivvy About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	eben the usually calm collected leeta korkor who always advocates us to relax lim kopi play golf has started to curse & swear liao. Leeta korkor, do u have enough shares to vote against & oppose the share consol or not? if not, i better start planning my exit liao. Btw, leeta are u in the top20? Maybe top  50?
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kye_lin Member	05-Nov-2013 14:09        kye_lin About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think just wait for the upcoming results for HK.. if good and the price kena pushed up... then good opportunity to get out.... if you want to that is.... DYODD....
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Spivvy Senior	05-Nov-2013 13:54        Spivvy About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Ok, your advice is good enough. At the current moment, there is nothing solid to fall back on except based on technical liao. Just gotta believe in technical as my last line of defence already.  Even if company got good news price may not go up as well. If not wrong, company will have news in the following 2 months on their updates of drilling in indonesia. Not sure if that will make any difference.    new6ie      ( Date: 05-Nov-2013 13:20) Posted: Currently Mirach is at (23.5 cents) slightly below the 25% level between highest (50 cents) and lowest (16 cents) price range. So technically it is comparatively low against the trading range for the past 3 months.   The next level is 33 cents, if it can break up above the 24.5 cents to above 25 cents, then we might see it moving faster upwards. If you don't need cash, I think it is worth waiting. .But of course, this is based on technical.    new6ie      ( Date: 05-Nov-2013 13:05) Posted: I don't have Mirach now, but I think it is ok to hold for a while. Will check and let you.
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ynnek1267 Master	05-Nov-2013 13:36        ynnek1267 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So charm. Consolidation...  other company got private placement and chiong till siao. This one gonna consolidation, chiong down till siao. Treat existing shareholders like rubbish, raise more PM and right issue after consolidated.
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Spivvy Senior	05-Nov-2013 13:31        Spivvy About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	thanks for explaination. Meaning if i have 250 lots of pre-consolidated shares, i will have 25lots of post-consolidated shares. That means  whatever price  that i see post-consolidation i must pang straightaway, regardless of what price, albeit at a loss?  Good things happening at the moment can only see its the quarterly financial results. Do you think the year end will bring  about the capricorn effect on this stk?  new6ie      ( Date: 05-Nov-2013 12:54) Posted: The last day of   trading pre-consolidation will be followed next day by the commencement of the new consolidated shares trading.   If last day is 6.5 cents for pre-consolidation, the first day of trading new shares will be from 65 cents up or down.   So if you see 64 cents, 65 cents, 66 cents or 67 cents or even 68 cents, you should get ready to exit your new shares, bits by bits or at one go that you have to choose. I believe after consolidation is approved, they will get the BBs for placements which will definitely be below one of the above stated prices. So depending on how the market is going to take it, it is too risky because your reduced number of shares (the consolidated shares) will be further diluted by the placements of new shares into the market.. So at that point of time there will definitely be fear with people rushing to exit.   Who wants to be last, I won't know.   This is just a presumption, and it might be a different scenario, and also barring any good things happening.   . Spivvy      ( Date: 05-Nov-2013 12:17) Posted: hi bro, i really dont know much on the technical aspects here. What u mean by price go to status quo? X-Day meaning which day after consolidation?? Can explain clearer
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new6ie Senior	05-Nov-2013 13:20        new6ie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Currently Mirach is at (23.5 cents) slightly below the 25% level between highest (50 cents) and lowest (16 cents) price range. So technically it is comparatively low against the trading range for the past 3 months.   The next level is 33 cents, if it can break up above the 24.5 cents to above 25 cents, then we might see it moving faster upwards. If you don't need cash, I think it is worth waiting. .But of course, this is based on technical.    new6ie      ( Date: 05-Nov-2013 13:05) Posted: I don't have Mirach now, but I think it is ok to hold for a while. Will check and let you. Spivvy      ( Date: 05-Nov-2013 12:21) Posted: bro, can u please help me check when must i pang mirach?? Any idea from your experience whether the BBS still will give it one final push? Im counting on you, bro.
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Spivvy Senior	05-Nov-2013 13:19        Spivvy About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	TQ! TQ! My livelihood depend on u liao bro! new6ie      ( Date: 05-Nov-2013 13:05) Posted: I don't have Mirach now, but I think it is ok to hold for a while. Will check and let you. Spivvy      ( Date: 05-Nov-2013 12:21) Posted: bro, can u please help me check when must i pang mirach?? Any idea from your experience whether the BBS still will give it one final push? Im counting on you, bro.
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new6ie Senior	05-Nov-2013 13:05        new6ie About Contact  Quote this Post!
x 0   x 0  Alert Admin	I don't have Mirach now, but I think it is ok to hold for a while. Will check and let you. Spivvy      ( Date: 05-Nov-2013 12:21) Posted: bro, can u please help me check when must i pang mirach?? Any idea from your experience whether the BBS still will give it one final push? Im counting on you, bro.  new6ie      ( Date: 05-Nov-2013 10:01) Posted: I thought you recovered/made back in Mirach Ene, didn't you
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