Latest Forum Topics / Genting Sing Last:0.845 -0.005 | Post Reply |
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eastcivic
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04-Mar-2011 10:21
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wow..... good luck!
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epliew
Supreme |
04-Mar-2011 10:15
Yells: "no worries be happy !" |
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short s-marine.... seems like a good day for friday to short ? gaecia any interest ?
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iPunter
Supreme |
04-Mar-2011 10:11
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Looks like Libya and surrounding is going to be a rather messy affair... |
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LP560-4
Member |
04-Mar-2011 10:10
Yells: "Don't worry be happy!" |
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CIMB: Noble - MAINTAIN OUTPERFORM, TP S$2.70 4 March 2011 Ho Choon Seng CFA +(65) 6210 8604 – choonseng.ho@cimb.com Noble closed at S$2.18 Share Placement at S$2.07 Mkt.Cap: S$13,140m/US$10,364m Placement to raise S$625m Maintain Outperform. Noble has announced a 306.5m new-share placement at S$2.07 each to raise S$625m. Our FY11-13 EPS estimates have been reduced by 4- 5% to factor in dilution. Nevertheless, we have a higher target price of S$2.70, now set at 15x CY12 P/E, a 20% premium to the peer average of 12.5x CY12 P/E, from S$2.60 (14x CY12 P/E, 10% premium) as we believe there is earnings upside from still-strong commodity prices (especially coal), while the new capital raised will likely lead to more acquisitions and faster expansion. Catalysts are still expected from announcements of significant earnings-accretive acquisitions, higher coal prices and strong results. The news Placement to raise S$625m. Noble has entered into a placement agreement with Goldman Sachs and HSBC to place out 306.5m new shares at S$2.07 a share. The placement price represents a 6.8% discount to S$2.22, its weighted average price for trades done on 3 Mar 11, and a 5% discount to its latest closing price of S$2.18. Net proceeds are expected to be S$625m. Management plans to use the proceeds for general corporate purposes. Dilution from new shares.. The placement shares represent around 5.1% of existing shares issued and 4.8% of its enlarged share capital. CIC has taken 45m placement shares, to maintain its stake in Noble at 14.7%. Valuation and recommendation FY11-13 EPS estimates reduced by 4-5%. We believe that management has raised new capital to fund higher working-capital requirements from rising commodity prices and for future acquisitions. Our FY11-13 EPS estimates have been reduced by 4-5% to incorporate dilution from the new shares, slightly offset by higher interest income from higher cash levels. Maintain Outperform target price raised to S$2.70 (from S$2.60). Despite our EPS adjustments, our target price has been lifted to S$2.70, now set at 15x CY12 P/E, a 20% premium to the peer average of 12.5x CY12 P/E, from S$2.60 (14x CY12 P/E, 10% premium) as we believe there is earnings upside from still-strong commodity prices (especially coal), while the new capital raised will likely lead to more acquisitions and faster expansion. With coal prices benefiting sharply from the Queensland floods only from late 4Q10, we expect Noble to book stronger coal profits from 1Q11. Catalysts are expected from announcements of significant earningsaccretive acquisitions, higher coal prices and strong results. |
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rotijai
Supreme |
04-Mar-2011 09:53
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this month i am not gonna buy and hold over the weekend.. IT's MARCH !! THE MONTH WHICH OUR CHINA FRIEND  MIGHT ANNOUNCE INTEREST RATE HIKE..
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iPunter
Supreme |
04-Mar-2011 09:52
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Maybe it's possible to buy @ 2.08 or even lower...     But not very likely today though...
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rotijai
Supreme |
04-Mar-2011 09:49
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trade with care.. today is friday |
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eastcivic
Elite |
04-Mar-2011 09:48
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looks like need to break two major resistances.... 2.04 and 2.15-2.16
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Gaecia
Elite |
04-Mar-2011 09:44
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nope, the candle's travelling down.
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eastcivic
Elite |
04-Mar-2011 09:44
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never gap down to below 2.10 very good already..... placement shares at 2.07-2.12 leh
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eastcivic
Elite |
04-Mar-2011 09:43
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looks like cosco has resistance at 2.04..... come on, please break this quick! |
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iPunter
Supreme |
04-Mar-2011 09:42
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It is a mystery that NobleGrp can gap down to 2.11         when every other stock is gapping up at  the opening bell... 
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rotijai
Supreme |
04-Mar-2011 09:35
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here comes 2.12, do u dare to jump in?
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iPunter
Supreme |
04-Mar-2011 09:35
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CaiShenYe loves you ,         so He lets you have a nice sampan ride...               If not, you will get a shark bite...
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Gaecia
Elite |
04-Mar-2011 09:33
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Proven track record, i don't call u my juicy sifu for nothing.   
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eastcivic
Elite |
04-Mar-2011 09:33
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4D and ToTo also not easy to win leh.... how come losers in 4D and ToTo don't treat the winners? :P  
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icetomato
Elite |
04-Mar-2011 09:30
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I missed the big cruise k.. take sampan only. Haha...
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eastcivic
Elite |
04-Mar-2011 09:30
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move on to other stocks lah..... check out s-marine..... reaching previous high of 5.50 very soon.... you girls want to be s-club..... s-club s s-marine.... nice tune to it :p but be careful..... it might just break previous high if bull rally is starting :p
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icetomato
Elite |
04-Mar-2011 09:29
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=( yeh. unexpected.
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iPunter
Supreme |
04-Mar-2011 09:27
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Yes, absolutely correct...     It is not easy for anyone to make money in stocks...             Thus, those who made money deserve to be                     blanja'd  by everyone who lost money... hehehe...
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