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What?s Happened to Blumont, Asiasons and LionGold
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WanSiTong
Master |
12-Nov-2013 09:46
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lglg666
Veteran |
10-Nov-2013 09:39
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Guessed the game for the 3 has not ended yet...best for lay investors like myself to stay clear. At best...they are still kept in my watch wish becoz whatever happen to them do impact the other penny stocks here. | ||||
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singa9999
Member |
08-Nov-2013 23:05
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last year LION had similar profit warning on Nov6th (check SGX), followed by results on Nov 12th...pre-tax net loss, however, gross profit was over $10mio with 39% increase in turnover......stock px was above $1 and moved little. this yr shall be same.... pre-tax net loss(all this is due to acquisition-related growth costs which should ease over time), but expect gross profit and turnover to increase indicating company on right path......appreciate good corporate governance....at least not cooking books like many s-chips.....hopefully the investigation related to stock px collapse shall pass soon. Also expect NAV to further increase with the recent high-quality gold find in Africa. An excerpt from an article I was reading, on the trio : Delving deeper, Asiasons has a 26% stake in another SGX-listed company ISR Capital. Datuk Md Wira Dani Daim (son of former finance minister Tun Daim Zainuddin) also owns close to 18% in ISR. Wira Dani also owns 6.35% in LionGold. The explanation: Lim and Azlan had initially invested in ISR, which had a financial advisory license. They later formed Asiasons and decided to whittle down their stake in ISR and the buyer of that stake was Wira Daim, who incidentally also invested in LionGold. ?It is more an instance of common shareholders and what?s wrong with that?? quips Lim, adding ?We have no involvement in either Blumont or LionGold except for the investments we hold?. The acquisitive strategy of significant mining assets aboard by LionGold and Blumont have attracted the attention of big name investors. For example, New York-based asset manager Van Eck Associates owns about 6% of LionGold while Australia-based Macquarie Group has another 4.78% of the company. Blackrock and Invesco hold 0.57% and 0.56% respectively of Asiasons while Vanguard Group and Van Eck hold 0.27% and 0.15% of Blumont, Bloomberg reported. All these funds are sitting on significant paper losses, the Bloomberg report stated. In August, LionGold had been included in the MSCI Small Cap Index while Asiasons is on the FTSE ST Small Cap Index. Aside from Molyneux, Blumont has a joint venture with Ines Scotland, said to be one of Australia?s most successful mining executives in the copper sector. The JV called Blumont Copper, seeks to identify investment opportunities in that sector. LionGold had in fact emerged as some sort of poster boy for the SGX. In a presentation about listing on the SGX dated May this year, LionGold was highlighted as a notable company in SGX?s ?minerals cluster?, enjoying a high turnover velocity, a successful trail of acquisitions and rise in market values. |
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Rosesyrup
Veteran |
08-Nov-2013 22:50
Yells: "Get your own opinion, don't follow blindly." |
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Your friend either got to be one of the lucky few or has real stock picking skill. Anyway, the strategy to diversify is backed by research conducted on some good sample size not some one-off example. Research study shown diversification almost always give 2-3% higher return than those who do not. I merely gave goodwill advise based on real study and research. If you think that you have the same skill and luck as your friend, by all means go for a one stock-only-portfolio. My advice to diversification is for general investors.
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zillion
Member |
08-Nov-2013 22:42
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at last some 'transparency' -pre warn results to be a loss due to some fair value loss! like fish market, buyers like to buy only codfish to stack up for many dinner days while some will buy many types (diversification) for varieties. To each his own some loves to accumulate a specific counter for higher rewards/loss while some like to spread their risks. different investors hv different risk profile for adrenaline kicks! I have a friend who makes $m bec of holding only one counter and a friend who has up to 5 pages of cdp statement. the one who hold one counter stayed very focus (working professional). the one who hold 5 pages just lost track! 'diversification'= 'di worst sification' | ||||
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Rosesyrup
Veteran |
08-Nov-2013 22:20
Yells: "Get your own opinion, don't follow blindly." |
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Dany if you are reading this, my advice to you is to:
In stock market, no one can gurantee anything. At all times, be prepared for the worst.
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Teochew
Member |
08-Nov-2013 22:10
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The price may even go lower.
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Peter_Pan
Supreme |
08-Nov-2013 21:14
Yells: "did you order dunkin' donuts" |
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asia blue lion not feeling well today..on mc
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maixisuahlai
Member |
08-Nov-2013 21:08
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Never post your blue lion pic bro? BAL must have really stepped on gao sai...
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Peter_Pan
Supreme |
08-Nov-2013 19:58
Yells: "did you order dunkin' donuts" |
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PROFIT WARNING IN RELATION TO THE FINANCIAL RESULTS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2013
http://infopub.sgx.com/FileOpen/LGC_ProfitWarningHalfYearFY2014_08112013.ashx?App=Announcement&FileID=263432 |
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danytan
Senior |
08-Nov-2013 16:47
Yells: "Up up and away!" |
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no movement today | ||||
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WanSiTong
Master |
08-Nov-2013 12:07
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danytan
Senior |
07-Nov-2013 16:48
Yells: "Up up and away!" |
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BAL shortists play today or genuine selldown? | ||||
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risktaker
Supreme |
07-Nov-2013 16:17
Yells: "Sometimes you think you know, but in fact you dont" |
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Test
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wishbone
Master |
07-Nov-2013 12:37
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I dare not touch these BAL and many other counters that are " linked" like innopac, bcos the so called stupid investigation is still going on and anytime if any negative news comes out, it will be another round of selling.
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danytan
Senior |
07-Nov-2013 12:12
Yells: "Up up and away!" |
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BAL, opportunity I see | ||||
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WanSiTong
Master |
07-Nov-2013 12:01
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Still alive......Lol
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WanSiTong
Master |
07-Nov-2013 12:00
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terencee
Master |
07-Nov-2013 11:47
Yells: "I don't entertain trolls." |
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Like puncture liao. No energy to move at all. Force to cut and lose 12 bids. Entry 146 exit 134. Sian.. Big loss
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dekmelvie
Senior |
07-Nov-2013 11:45
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Still no power to get up. mAybe next week we see green.
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