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wow..... good luck!

epliew      ( Date: 04-Mar-2011 10:15) Posted: short s-marine.... seems like a good day for friday to short ? gaecia any interest ? eastcivic      ( Date: 04-Mar-2011 09:30) Posted: 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 :

 

short s-marine....

seems like a good day for friday to short ? gaecia any interest ?

eastcivic      ( Date: 04-Mar-2011 09:30) Posted: 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 Gaecia      ( Date: 04-Mar-2011 09:24) Posted: juicy...u don't remind me lah. A fat one gone just like that. :( How would we know it will announce its share on GSS

 

Looks like Libya and surrounding is going to be a rather messy affair...

 

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.

 

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..

iPunter      ( Date: 04-Mar-2011 09:52) Posted: Maybe it's possible to buy @ 2.08 or even lower...     But not very likely today though... eastcivic      ( Date: 04-Mar-2011 09:44) Posted: never gap down to below 2.10 very good already..... placement shares at 2.07-2.12 le

 

Maybe it's possible to buy @ 2.08 or even lower...

    But not very likely today though...

eastcivic      ( Date: 04-Mar-2011 09:44) Posted: never gap down to below 2.10 very good already..... placement shares at 2.07-2.12 leh iPunter      ( Date: 04-Mar-2011 09:42) Posted: It is a mystery that NobleGrp can gap down to 2.11         when every other stock is gapping up at  the opening bell...

 

trade with care.. today is friday

 

looks like need to break two major resistances.... 2.04 and 2.15-2.16

eastcivic      ( Date: 04-Mar-2011 09:43) Posted: looks like cosco has resistance at 2.04..... come on, please break this quick!

 

nope, the candle's travelling down.

rotijai      ( Date: 04-Mar-2011 09:35) Posted: here comes 2.12, do u dare to jump in? Gaecia      ( Date: 04-Mar-2011 09:33) Posted: Proven track record, i don't call u my juicy sifu for nothing.

 

never gap down to below 2.10 very good already.....

placement shares at 2.07-2.12 leh

iPunter      ( Date: 04-Mar-2011 09:42) Posted: It is a mystery that NobleGrp can gap down to 2.11         when every other stock is gapping up at  the opening bell...  rotijai      ( Date: 04-Mar-2011 09:35) Posted: here comes 2.12, do u dare to jump in

 

looks like cosco has resistance at 2.04..... come on, please break this quick!

 

It is a mystery that NobleGrp can gap down to 2.11


        when every other stock is gapping up at  the opening bell... 

rotijai      ( Date: 04-Mar-2011 09:35) Posted: here comes 2.12, do u dare to jump in? Gaecia      ( Date: 04-Mar-2011 09:33) Posted: Proven track record, i don't call u my juicy sifu for nothing.

 

here comes 2.12, do u dare to jump in?

Gaecia      ( Date: 04-Mar-2011 09:33) Posted: Proven track record, i don't call u my juicy sifu for nothing.    icetomato      ( Date: 04-Mar-2011 09:30) Posted: I missed the big cruise k.. take sampan only. Haha...

 

CaiShenYe loves you ,

        so He lets you have a nice sampan ride...

              If not, you will get a shark bite...

icetomato      ( Date: 04-Mar-2011 09:30) Posted: I missed the big cruise k.. take sampan only. Haha... eastcivic      ( Date: 04-Mar-2011 09:23) Posted: she make money leh...... not she blanja us meh? :P normally people win 4D, ToTo will blanja their friends and relatives......  play stock market is reverse ah? win money, people blanja the winners instead ah? :

 

Proven track record, i don't call u my juicy sifu for nothing.   

icetomato      ( Date: 04-Mar-2011 09:30) Posted: I missed the big cruise k.. take sampan only. Haha... eastcivic      ( Date: 04-Mar-2011 09:23) Posted: she make money leh...... not she blanja us meh? :P normally people win 4D, ToTo will blanja their friends and relatives......  play stock market is reverse ah? win money, people blanja the winners instead ah? :

 

4D and ToTo also not easy to win leh.... how come losers in 4D and ToTo don't treat the winners? :P

 

iPunter      ( Date: 04-Mar-2011 09:27) Posted: 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... eastcivic      ( Date: 04-Mar-2011 09:23) Posted: she make money leh...... not she blanja us meh? :P normally people win 4D, ToTo will blanja their friends and relatives......  play stock market is reverse ah? win money, people blanja the winners instead ah? :

 

I missed the big cruise k.. take sampan only. Haha...

eastcivic      ( Date: 04-Mar-2011 09:23) Posted: she make money leh...... not she blanja us meh? :P normally people win 4D, ToTo will blanja their friends and relatives......  play stock market is reverse ah? win money, people blanja the winners instead ah? :P iPunter      ( Date: 04-Mar-2011 09:20) Posted: You must blanja her for being so " gao" (smart)...

 

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

Gaecia      ( Date: 04-Mar-2011 09:24) Posted: juicy...u don't remind me lah. A fat one gone just like that. :( How would we know it will announce its share on GSS? icetomato      ( Date: 04-Mar-2011 08:59) Posted: Gaecia...... Noble.... we too slow!!! Argh!

 

=( yeh. unexpected.

Gaecia      ( Date: 04-Mar-2011 09:24) Posted: juicy...u don't remind me lah. A fat one gone just like that. :( How would we know it will announce its share on GSS? icetomato      ( Date: 04-Mar-2011 08:59) Posted: Gaecia...... Noble.... we too slow!!! Argh!

 

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...

eastcivic      ( Date: 04-Mar-2011 09:23) Posted: she make money leh...... not she blanja us meh? :P normally people win 4D, ToTo will blanja their friends and relatives......  play stock market is reverse ah? win money, people blanja the winners instead ah? :P iPunter      ( Date: 04-Mar-2011 09:20) Posted: You must blanja her for being so " gao" (smart)...