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Renewable Energy
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masterlim8888
Senior |
18-Jan-2011 23:46
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do get vested now. other renewable energy stocks ran up a lot already....it run up very fast if it is played and gets the attention. load up before you are left out 
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gojira
Member |
18-Jan-2011 23:44
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u r all right. typed too fast. 70,000 shares. Wish i could afford 70,000 lots. If i had 16 million then no need to buy any more shares
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masterlim8888
Senior |
18-Jan-2011 21:23
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there is a private placement of 0.30 which are taken up dmg and kim eng. aside from the dependency issue of the reports, i believe the prospects of this counter is very very bright. profit taking happens every minute, but the trend is upgoing. look out for china gaoxian it will surprise all investors on the week of trading 
load up before you are left out
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bryancbq
Master |
18-Jan-2011 20:03
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i think he type wrongly. haha. 70 000 lots donno need how long to accumulate. and probably become substantial shareholder le. haha.
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warrenbegger
Elite |
18-Jan-2011 19:40
Yells: "Anyhow Buy Anyhow Die ^_^" |
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70 000 lots or 70 000 shares??? 16 million VS 16 thousand is very big different leh. And around last year oct - nov is not so good times to invest big as many national debt with krx war problem cause px falling till dont know what bottom it can go. With company not fully into Wind energy business and not so good fundamental, u siao and whack 16 million??? The most i whack is 150 lots at 190 after krx war settle down, u r play with fire, or u type wrongly.
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enghou
Senior |
18-Jan-2011 18:59
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Kim Eng recommends BUY with Target Price at 35 cents Renewable Energy Asia (REA) recently said that it is disposing of its fastening business for $7.6m. We believe this move is a step in the right direction and completion is only a matter of time. The sale will allow REA to consolidate its resources in the core renewable energy business. We reiterate our BUY recommendation with a new target price of $0.35, pegged at 11x FY Mar12F PER. The total consideration for the proposed disposal amounts to about $7.6m. This represents a discount of 12.5% to the NTA of its Fastening Companies as at end‐March 2010. Given a possible loss of RMB5.1m that will be charged to the income statement, we have tweaked our FY Mar11 earnings estimate by 19% to RMB39.5m. The disposal is subject to approval by the shareholders. If they give the nod, the deal will be sealed and REA can then focus on its renewable energy segment while realising its investment in the non‐core fastening business. The sale proceeds will also come in handy as the cash can be deployed to develop its wind farm projects. Separately, REA has secured a concession to develop a 49.5MW wind farm in Binhai New Area, China. Land and infrastructure resources for the project will be provided by the Jiangsu provincial government. REA, which owns a 49% stake, and Datang Renewable, its JV partner, will be responsible for the construction and subsequent maintenance of the wind farm. The total capex is estimated to be RMB500m, of which 80% will be funded through bank borrowings. Life Is Great |
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bryancbq
Master |
18-Jan-2011 17:05
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70 000 lots at 22.8 cents? wow! that's S$16million!
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gojira
Member |
18-Jan-2011 16:36
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If buying for the long term, I think it's safe to sit tight. In September 2010, Kim Eng rated it at a 'buy' with a target of 50cents. Price then was 34cts. ( http://theedgesingapore.com/the-daily-edge/business/19983-renewable-energy-asia-started-at-buy-by-kim-eng.html ) In October, DMG rated it a buy with a target of 42cents. ( http://www.theedgesingapore.com/component/content/21439.html?task=view ) The main reason I thought to buy it is because I work in the energy industry and know that China installed the most number of wind turbines in the world last year and their government is really really committed to building a green energy industry in the country. Because the Chinese government guarantees a good rate for buying power from wind farms, the income stream is as secure as the Chinese government's promise. My main trigger for buying it is two articles in the The Edge where for two consecutive weeks in Oct-Nov, the MD or founder or CEO or some bigshot in the company bought millions of shares of his own company. I went in between 18Oct - 24Nov at an average of 22.8 cents. I bought 70,000 lots in total and will look to hold this till early next year at least because I think the earnings from the wind farms will be very substantial. |
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New123
Elite |
18-Jan-2011 15:32
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Profit taking just started . It may go back to 25 cents. | ||||
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bryancbq
Master |
18-Jan-2011 14:22
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hi masterlim, i tried checking on sgx announcements but couldnt find any mentions of DMG buying at 0.3. there are mentions of some other people like XuJian doing a open market purchase, but just couldnt find anything abt DMG. mind enlightening? wanna learn how to source for information. thanks! =)
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aleoleo
Master |
18-Jan-2011 09:19
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ho sei ..... more to come man .,..... dun sell now, dun block the way up ... tp 0.3 | ||||
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masterlim8888
Senior |
18-Jan-2011 07:27
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no. we are always constantly learning from each other. do check if unsure before get vested.
usually from sgx annoucements if identifiable. some others players are not identifiable unless annoucements are made. cheers. |
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bryancbq
Master |
18-Jan-2011 03:18
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masterlim, sorry for asking such stupid question, but do you mind telling me where do you get the information of which institutional players are vested in which counters etc from? thanks for your advice! =)
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masterlim8888
Senior |
17-Jan-2011 20:05
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load up fiercely. the gem has risen from bottom px of 185 to 255. other renewnable counters have risen much more compared to this, if you have observed and done your homework. dmg is invested in the counters 0.3. looking more upside in coming weeks. load up before you are left out
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bryancbq
Master |
17-Jan-2011 16:38
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i certainly hope that u r right! haha.
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bryancbq
Master |
17-Jan-2011 16:32
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yea i saw that as well. haha. the last time it rallied, i fully divested the morning it rallied. let go in the morning, then afternoon chiong. zzz.
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New123
Elite |
17-Jan-2011 16:28
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I think is better to stay-put at Renewable. | ||||
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GuavaXF30
Master |
17-Jan-2011 16:16
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A little sangkok at the moment. Attention seem to have moved on to another MasterLim's pick, Raffles Education. Quite impressive chong this last hour.
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aleoleo
Master |
17-Jan-2011 14:14
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now just got to wait for china closing and HK turn to positive later .... all will follow to cheong .... steady |
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bryancbq
Master |
17-Jan-2011 12:05
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I dont think it will rally this week. BBs will probably wait for fri to accumulate, and IF there is more upside, might only push it higher next week. That is provided that there are still news that arent being published yet. |
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