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10 comment(s). Last comment by albertlaw 2013-09-23 10:07
Posted by albertlaw > 2013-08-23 20:59 | Report Abuse
Close at 46cts 23 Aug..EGM 5 Sept at Hotel Grand Pacific..near cum date maybe will move up again
enny stocks now the safe haven? - some of which are rumoured to be heavily manipulated by Malaysian syndicates - BT
from steven.koh@cimb.com to recipients
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Published August 23, 2013
STOCKS
Penny stocks now the safe haven?
Punting activity in the low-priced counters stays strong, even as blue chips continue to slide
By
R Sivanithy sivan@sph.com.sg
Senior Correspondent
IT HAS to be the ultimate irony - speculative penny stocks, some of which are rumoured to be heavily manipulated by Malaysian syndicates, look now to be the local market's safe haven. With blue chips sagging for the sixth consecutive day yesterday, low-priced penny stock punting continued in full swing, these counters being the willing recipients of the market's speculative energies.
Turnover amounted to 4.3 billion units worth $1.7 billion for an average of 40 cents per unit, with the top 20 actives containing 17 stocks priced below 50 cents. Thirteen of these low-priced issues advanced, contributing to an advance-decline score of 198-274, which is decent considering the weak sentiment surrounding equities.
Blue chips, in the meantime, underwent a torrid session with the Straits Times Index dropping 19.59 points to 3,089.40, bringing its six-day loss to 160 points or just under 5 per cent. For the year, the index is now down 78 points or 2.5 per cent.
However, there was an afternoon bounce which took the index 35 points off its intraday low of 3,054 that suggested Western markets might stabilise on Thursday. That this might be the case was borne out by a firm opening for Europe in the late afternoon.
Subscribers, log in here to read the full story. If you do not have an account, subscribe here.PHOTO: BLOOMBERG
Posted by albertlaw > 2013-08-27 14:51 | Report Abuse
GM 5 Sept, Free warrants ex date 1 Oct-2 free warrants for every 1 share held
1) Issue of 1,250,000,000@$0.15 to buy RSP architect headed by Liu Thai Ker and Albert Hong,with a paid up capital of $10mil,RSP has branches in Shanghai,Vietnam,Middle East,U.K and Malaysia and is involved in projects ION Orchard ,JCube,ITE Head qtrs at AMKio,Orchard Residences,Halliburton Campus,SICC ,Interlace,D'Leedon,Watertown & Waterway in Punggol,HillV2 and the Hillier,Westgate and Westgate Tower,Capitagreen Market Street,Pinnacle@Duxton,Henderson Waves,Lasalle College of Arts,REC solar wafer Fab at Tuas,Woh Hup Building,Marina Bay Cruise Centre....,won President's Design award,BCA ,Outstanding Architect Firm award,,Green Mark Platinium/Gold and many more awards.Rowsley shares issued to them valued the architect firm at S$187.5mil based at $0.15 as announced on 21 Dec 2012 when Rowsley was trading at $0.15
2)Issue of 2,386,666,666 Rowsley shares@$0.15 against the purchase price of S$358mi l(Knight Frank valuation at S$363.8mil) for 92,310 sq metres ..waterfront developments..no need for land reclamation is an advantage over Danga Bay,Lido Boulevard and Tanjung Puteri Waterfront..-Vantage which owne the property will be 70% owned by Peter Lim and 30% by DYAM Tunku Ismail Idris -Sultan of Johore
3)Above shares will not be entitled to the proposed warrants and subject to 1 year moratorium...before they can sell
RSP architect had net profits $13.4mil,$20.13mil and $25.02mil for FYE 2010/11/12 respectively..revenue recognition based on percentage completion method and as at 21 Dec 2102 and 30June 2013 order books stand at S$165mil and $120mil
I believe near EGM or cum date ..before ex date 1 Oct 2013..shd be pushed higher
Posted by albertlaw > 2013-08-27 23:47 | Report Abuse
Agree Teeth..I was thinking Peter Lim " always win" in 21 Aug 2009 2@$0.06 for 5 rights issue with 3 free warrants exercisable at $0.10 to get mother shares..he huat huat..with Rowsley > 40cts,it is really the rich get richer..just wonder whether still can make if go in now..I actually completely out after making many rounds all the way from 18cts to 44cts selling along the way...very tempting to buy if can go< 44cts and hold for long hall-never buy Iskandar ppties..maybe this is good exposure
teeth53 ( Date: 27-Aug-2013 15:10) Posted:
Personally. I don like Warrant conversion ? BB trying to convert at cheaper price, when - U really can't (manipulated)? Weak n frustating haiz . Too much n too many shares in the market . Hardly can rally.
Mkt red red his day n week, trade for oneself, at ur own risk.
Posted by albertlaw > 2013-09-03 14:17 | Report Abuse
http://investjohor.wordpress.com/2012/08/05/billionaire-investor-peter-lim-johor-royalty-to-build-jb-medical-hub/
old news but if implemented will boost his shares-Rowsley
Posted by sahathevanblogspot > 2013-09-20 11:43 | Report Abuse
Peter Lim's Rowsley creates money out of thin air, despite Lee Kuan Yew's warning
http://sahathevan.blogspot.com.au/
Posted by Hokkien > 2013-09-21 09:53 | Report Abuse
Tks for sharing LKY's warning with all of us. I really can't image who will want to buy the properties from us if we want to sell them. Iskandar is totally different from Singapore in term of every aspect.
Posted by albertlaw > 2013-09-21 23:26 | Report Abuse
As long as everybody happy now becoz nearly evryone make from Rowsley..long term the prices at Iskander not our problem
Posted by Hokkien > 2013-09-22 21:56 | Report Abuse
U could be right as long as we make some money now.
Posted by albertlaw > 2013-09-23 10:07 | Report Abuse
Ya this week Rowsley should be transformed...ripe for the soar like eagles..last Mon Sept 16 120mil vol shd be all cleared..The big sell is to scarce pple only..u may be surprised..will be suddenly removed for Rowsley to spike up
Roysee ( Date: 21-Sep-2013 17:32) Posted:
this week cheong haha
No result.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Nallayak
310 posts
Posted by Nallayak > 2013-07-12 20:30 | Report Abuse
informatics nvr move. V Tan don't know how to play shr, all his shr nvr goes up