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What?s Happened to Blumont, Asiasons and LionGold Post Reply Rate topic
Peter_Pan Supreme	11-Oct-2013 23:25        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
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tea444u Master	11-Oct-2013 21:24        tea444u About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	wait until sgx clears them of designated status otherwise if kenna suspended...ur money oso stuck... stress ah...dont touch ... lglg666      ( Date: 11-Oct-2013 16:49) Posted: Really don't look good by the day as if at any time they may be suspended. How long your guess is as good as mine. Feel it is super dangerous to buy at the moment. Peter_Pan      ( Date: 11-Oct-2013 16:21) Posted: those chiong in to buy using hard cash are simply helping the bbs to carry their babies...pls dont!
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WanSiTong Master	11-Oct-2013 20:39        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Singapore exchange steps up stock trading scrutiny confusion over curbs: Reuters Several brokerages in Singapore could lose millions of dollars in the wake of recent sharp price falls in three stocks, traders said, and as the stock exchange probes short-selling in two of the stocks early this week when they were subject to trading curbs. Singapore Exchange Ltd (SGX), both the market operator and regulator, suspended trading in shares of Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp Ltd last Friday following the big price moves. On Sunday, it declared them " designated securities" - its first such move in five years. Under the rules imposed by the SGX, traders cannot short-sell the stocks and buyers have to pay cash up-front. Once bought, the shares can't be sold until they are deposited into the buyer's account, at least three days later. Traders now say there is widespread confusion over the trading curbs, and particularly over when they were allowed to sell. Some bought shares after the trading suspension was lifted on Monday and sold on the same day - so falling foul of the SGX rules and risking a fine. " Owing to the confusion, many clients have sold these securities before the due date," Jimmy Ho Kwok Hoong, President of The Society of Remisiers (Singapore), wrote in a letter to The Straits Times on Friday. " They now run the risk of a possible buying-in with fines for short-selling, unless the SGX makes an exception to the rule for these trades." All this comes on top of trading losses racked up when these three stocks crashed. All have dropped by more than 80 percent since last Thursday's close, turning them back into the penny stocks they were before their dramatic gains in recent months - a surge analysts said was not backed by business fundamentals. Some brokerage clients have refused to pay up, or have disappeared, three traders told Reuters on Friday. Individual traders, or remisiers, who have to foot the bill may have to declare bankruptcy or sign a bond to pay off what they owe in installments to the brokerages. " Because SGX lifted the suspension so quickly (on Monday), there wasn't time for information to be disseminated down the stream," said one of the Singapore traders. " The brokers are further down the food chain than the credit department, and even the credit department, which has to control the limits, wasn't really clear about the rules." " APPROPRIATE ACTION" It's also unclear how they should now be dealing in the three companies' shares. The SGX said late on Thursday it would take appropriate disciplinary action as part of its investigation into short-selling of Blumont and Asiasons stocks, though it did not say what those measures would be. One trader said the SGX is also asking for the names and addresses of people using direct market access (DMA) to trade in the shares. Investors use DMA to electronically trade large blocks of stock quickly, cheaply and without identifying themselves to the market. The SGX, which allowed DMA trading in September 2012, has the right to request identifying information, but rarely does so, the trader said. A spokeswoman for the SGX said it is standard procedure " to call on all our member firms to check on orders and trades executed in our markets." Lee Porter, managing director at Liquidnet Asia Pacific, said such requests are more common in other exchanges. " If there's any wild swings in prices it's not unusual for regulators to ask brokers who their underlying customer was," he said. The SGX said it uses the " designated securities" classification when it believes there may have been market manipulation of a stock, excessive speculation or if it is otherwise in the market's interest to do so. It said on Thursday it was monitoring the market in the three stocks, and would lift the designation " as soon as it is appropriate to do so."
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Peter_Pan Supreme	11-Oct-2013 19:57        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	GOLDMAN SACHS: GOLD A 'SLAM DUNK' SELL Gold is a ?slam dunk? sell once the US economy works through its current policy deadlock and the Federal Reserve begins to reduce its asset purchases, Goldman Sachs has warned . Speaking at a panel session in London, Goldman head of commodity research Jeffrey Currie said selling gold was his top single call for the next 12 months. The bank has a price target of $1,050 over that period, implying a fall of 20% from its current value of $1,309. Gold has already fallen 25% over the last 12 months and is now down almost 30% from its 2011 peak above $1,800. Despite the risk aversion of the past week, gold has continued to slide. ?Once we get past this stalemate in Washington, precious metals are a slam dunk sell at that point,? he said, Bloomberg reports. ?You have to argue that with significant recovery in the US, tapering of QE should put downward pressure on gold prices.?   He added that he expected the US government to resolve the current impasse before significant harm was caused to the global economy or the country broached its current debt ceiling.    ?The downside of driving the bus off the cliff is so significant that we will come to a resolution,? he predicted.
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Peter_Pan Supreme	11-Oct-2013 18:51        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	A Singapore unit of one Malaysian broking house was said to have been hit so hard that its senior management had to fly in from Kuala Lumpur to discuss a potential capital injection!!!
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ruready Master	11-Oct-2013 18:37        ruready About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think SGX must can the regulation,,,,,,,,for those hot share than can sell is good ,,,,,but for those after buy must pay immediately than can sell,,,,,ask buyer transfer cash to pick up than can sell ,,,,,,,enought liao
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ruready Master	11-Oct-2013 18:34        ruready About Contact  Quote this Post!
x 0   x 0  Alert Admin	What,,after buy must wait for T3than can sell,,,,,,,lucky never buy,,,,,if buy later shoot up ,,,,,,,,just like I buy 20cts,,,,,cannot sell,,,,,than ,,,,next person buy 21cts,,,,,,also cannot sell,,,,,,,when come to 10person,,,,,it make up to 40cts,,,,,,,,lanlan wait for T3day,,,,,,,suddenly 10person want to sell,,,,,and only one person to buy,,,,,,,xiaoliao,,,,,,
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edwinjup Master	11-Oct-2013 18:34        edwinjup About Contact  Quote this Post!
x 0   x 1  Alert Admin	After reading the edge..make more wan to buy more liongold....read it yourself....ceo speaking shadowmoon      ( Date: 11-Oct-2013 18:07) Posted: too bad didnt subscride liao. Maybe later go buy from store.  Peter_Pan      ( Date: 11-Oct-2013 17:54) Posted: wow! today these 3 companies appear on the edge's cover story "the big CRASH"
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shadowmoon Veteran	11-Oct-2013 18:07        shadowmoon About Contact  Quote this Post!   Yells: "Henshin"
x 0   x 0  Alert Admin	too bad didnt subscride liao. Maybe later go buy from store.  Peter_Pan      ( Date: 11-Oct-2013 17:54) Posted: wow! today these 3 companies appear on the edge's cover story "the big CRASH"
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Peter_Pan Supreme	11-Oct-2013 17:54        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	wow! today these 3 companies appear on the edge's cover story "the big CRASH"
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shadowmoon Veteran	11-Oct-2013 17:13        shadowmoon About Contact  Quote this Post!   Yells: "Henshin"
x 0   x 0  Alert Admin	oic bro. Today i buy some lots of Liongold today at 0.169. Actually is a risk play ....so buy some to play play. C if can bingo. Still quite ex. C what the price now ha. I chose Liongold bc of its share price track record (since late oct 2010, its share price has been around 40cents). Next its NAV is good also. More than 20cents. Next i still feel tat if there is management cheating, high chance is from Blumont or asiasons. And these 2 got high chance to be suspended also. My guess.   starlene      ( Date: 11-Oct-2013 16:50) Posted: Bought Bluemont 15lot at 20cts and 15 lot at 15.2cts..on Monday 7 Oct..broker say can only sell on Monday 14 Oct..funny lei I thought 3 days means today fri day can sell....look like have to hold till situation clear..of the 3 I prefer Bluemont shadowmoon      ( Date: 11-Oct-2013 16:24) Posted: U buy any of the 3 , bro
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Peter_Pan Supreme	11-Oct-2013 17:08        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	yah precisely. lglg666      ( Date: 11-Oct-2013 16:49) Posted: Really don't look good by the day as if at any time they may be suspended. How long your guess is as good as mine. Feel it is super dangerous to buy at the moment. Peter_Pan      ( Date: 11-Oct-2013 16:21) Posted: those chiong in to buy using hard cash are simply helping the bbs to carry their babies...pls dont!
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starlene Elite	11-Oct-2013 16:50        starlene About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bought Bluemont 15lot at 20cts and 15 lot at 15.2cts..on Monday 7 Oct..broker say can only sell on Monday 14 Oct..funny lei I thought 3 days means today fri day can sell....look like have to hold till situation clear..of the 3 I prefer Bluemont shadowmoon      ( Date: 11-Oct-2013 16:24) Posted: U buy any of the 3 , bro? starlene      ( Date: 11-Oct-2013 16:21) Posted: Quote: Originally Posted by cbkia View Post THE Singapore Exchange (SGX) was justified to " designate" the three listed stocks - Blumont Group, Asiasons Capital and LionGold Corp. Had the regulator exercised greater vigilance, been more discerning and not content with standard replies issued by listed firms to queries, and stepped in to investigate matters when price increases continued unabated, the problem would not have escalated this far. It appears that the SGX's action came too late. We agree with senior correspondent Goh Eng Yeow (" Confusion continues over trading curbs on 'designated' stocks" Wednesday) that the confusion and disarray that followed are cause for concern and unhappiness among remisiers and investors. Many attributed this to the lack of clarity in instructions by the SGX. As a result, interpretation among broking houses differed. Even within the same firm, interpretation was ever changing. Under SGX guidelines, despite the upfront payment, investors cannot sell until after the due date, which is four days later. Meanwhile, clients cannot react to market dynamics. Only investors who still believe in the stock and plan to hold it for the long term will buy, and the rest may not. Hence, demand would be gravely curtailed and this would further contribute to sliding share prices. Currently, owing to the confusion, many clients have sold these securities before the due date. They now run the risk of a possible buying-in with fines for short-selling, unless the SGX makes an exception to the rule for these trades. We are baffled by this guideline, given that the SGX securities trading rulebook has a directive for " designated" stocks under 8.8.2(2) of Section C, which provides " a restriction on all dealings to immediate bargains" . " Immediate bargains" are defined as transactions for delivery at the trade date, and the securities shall be credited to the investor's Central Depository (CDP) account by 3pm the next day. This arrangement is straightforward and a tidy way to deal with such " designated" securities effectively. Compounding matters, clients are now required to show satisfactory evidence that they own the " designated" security, either with the CDP or other custodians, before they are allowed to sell. Clients are further upset over this new ruling, which is onerous, impractical and illogical. The SGX's handling of the situation, so far, has been amateurish. Jimmy Ho Kwok Hoong President The Society of Remisiers (Singapore) Risky leiu..want to sell any of the stocks designated must show u have possessions by way of cdp or other evidences...
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lglg666 Veteran	11-Oct-2013 16:49        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Really don't look good by the day as if at any time they may be suspended. How long your guess is as good as mine. Feel it is super dangerous to buy at the moment. Peter_Pan      ( Date: 11-Oct-2013 16:21) Posted: those chiong in to buy using hard cash are simply helping the bbs to carry their babies...pls dont!
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akchua Senior	11-Oct-2013 16:46        akchua About Contact  Quote this Post!
x 0   x 0  Alert Admin	Read company announcement this weekend, should be able to see some of the substantial share holder specially the executive directors and CEO reducing their holding. Just my 2 cents worth. shadowmoon      ( Date: 11-Oct-2013 16:32) Posted: but seems like someone clearing stock in market...weird. N clearing alot. Me waiting for input from those who might know also....   akchua      ( Date: 11-Oct-2013 16:29) Posted: How to short a designated stock? U need to own it and deposit inside your CDP account before u can even sell them. If u know something, care to share?
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shadowmoon Veteran	11-Oct-2013 16:32        shadowmoon About Contact  Quote this Post!   Yells: "Henshin"
x 0   x 0  Alert Admin	but seems like someone clearing stock in market...weird. N clearing alot. Me waiting for input from those who might know also....   akchua      ( Date: 11-Oct-2013 16:29) Posted: How to short a designated stock? U need to own it and deposit inside your CDP account before u can even sell them. If u know something, care to share? shadowmoon      ( Date: 11-Oct-2013 16:26) Posted: thk today lot of shortlist around...ha
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akchua Senior	11-Oct-2013 16:29        akchua About Contact  Quote this Post!
x 0   x 0  Alert Admin	How to short a designated stock? U need to own it and deposit inside your CDP account before u can even sell them. If u know something, care to share? shadowmoon      ( Date: 11-Oct-2013 16:26) Posted: thk today lot of shortlist around...ha
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shadowmoon Veteran	11-Oct-2013 16:26        shadowmoon About Contact  Quote this Post!   Yells: "Henshin"
x 0   x 0  Alert Admin	thk today lot of shortlist around...ha
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shadowmoon Veteran	11-Oct-2013 16:24        shadowmoon About Contact  Quote this Post!   Yells: "Henshin"
x 0   x 0  Alert Admin	U buy any of the 3 , bro? starlene      ( Date: 11-Oct-2013 16:21) Posted: Quote: Originally Posted by cbkia View Post THE Singapore Exchange (SGX) was justified to " designate" the three listed stocks - Blumont Group, Asiasons Capital and LionGold Corp. Had the regulator exercised greater vigilance, been more discerning and not content with standard replies issued by listed firms to queries, and stepped in to investigate matters when price increases continued unabated, the problem would not have escalated this far. It appears that the SGX's action came too late. We agree with senior correspondent Goh Eng Yeow (" Confusion continues over trading curbs on 'designated' stocks" Wednesday) that the confusion and disarray that followed are cause for concern and unhappiness among remisiers and investors. Many attributed this to the lack of clarity in instructions by the SGX. As a result, interpretation among broking houses differed. Even within the same firm, interpretation was ever changing. Under SGX guidelines, despite the upfront payment, investors cannot sell until after the due date, which is four days later. Meanwhile, clients cannot react to market dynamics. Only investors who still believe in the stock and plan to hold it for the long term will buy, and the rest may not. Hence, demand would be gravely curtailed and this would further contribute to sliding share prices. Currently, owing to the confusion, many clients have sold these securities before the due date. They now run the risk of a possible buying-in with fines for short-selling, unless the SGX makes an exception to the rule for these trades. We are baffled by this guideline, given that the SGX securities trading rulebook has a directive for " designated" stocks under 8.8.2(2) of Section C, which provides " a restriction on all dealings to immediate bargains" . " Immediate bargains" are defined as transactions for delivery at the trade date, and the securities shall be credited to the investor's Central Depository (CDP) account by 3pm the next day. This arrangement is straightforward and a tidy way to deal with such " designated" securities effectively. Compounding matters, clients are now required to show satisfactory evidence that they own the " designated" security, either with the CDP or other custodians, before they are allowed to sell. Clients are further upset over this new ruling, which is onerous, impractical and illogical. The SGX's handling of the situation, so far, has been amateurish. Jimmy Ho Kwok Hoong President The Society of Remisiers (Singapore) Risky leiu..want to sell any of the stocks designated must show u have possessions by way of cdp or other evidences... shadowmoon      ( Date: 11-Oct-2013 16:16) Posted: Among the 3, Asiasons the worst of all. The price swing even BIGGE
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Peter_Pan Supreme	11-Oct-2013 16:21        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	those chiong in to buy using hard cash are simply helping the bbs to carry their babies...pls dont!
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