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CGL shd be renamed " China is a Great Land"? Definitely not affected by any subprime woe and with MOST placement holders (financially strong!!!) not selling, what would be the obvious. Up, right? Not too late to jump on the bandwagon coz' the IPO price was 22cents. Very difficult to find a recently listed share that is below IPO price!! Most have hit at least a premium of 100%, yeh (i.e. below 50cents listing)!!
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CGL is now moving north very fast - very few lots @ low price (i.e. grossly undervalued and below IPO price of 22cts) to sell. Two revenue stream now vs one in 2005. Think abt it - won't the profit grow to justify a price that is higher than 22cts? What r u waiting for? To buy when it hits 22cents??? (Most retail investors would have sold CGL when it dipped ????)
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Only 50 lots @14cts queuing to sell (with more queuing to buy). Only $7k to buy the 50 lots. It will definitely grow to $$$$$???(the sky is the limit) tomorrow!!!.
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The march on CGL has just begun. It will hit 30cts soon to welcome the rotational players and short sellers. To repeat - when listed @22cts, CGL has one revenue stream; now it has two. What r u waiting for - to catch the jet as it zooms past u?
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With the play on other China stocks (according to ST report it could be due to China allowing the buying of China-related shares by its funds) CGL shd move fast, coz' it's way below IPO price. No reason for that to happen as it has NOW two businesses to support its growth, NOT one when it was listed. What r u waiting for - buy only when its moves north like a supersonic jet????
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The pace to gobble up CGL shares at low prices has begun. Let's see how long the manipulators can afford to sell at low prices by queuing to buy at low prices. When everyone is buying, not selling, at low prices, what will happen? Their low- priced stock dries up!!! CGL can easily become a "cornered" stock.!!!!
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Sorry CGL "manipulators" for being thrashed today by intelligent SJ investors. More will be looking forward to gobble up CGL shares at low prices (way below IPO price) so as to dry up the manipulators' stock. Let's see how long the "manipulators" can play down the counter!!!!!!
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Pity the "manipulators" whose shares at low prices were gobbled up by "intelligent" investors. Sorry guys for testing the "financial" muscle of those who dare to buy at low prices, coz' company will continue to be profitable with two revenue streams, instead of one. When it was listed @ 22cents, it had only ONE biz. Illogical for the "manipulators" to queue to buy at low prices by queuing to sell at low prices!!!
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SJ participants should buy CGL shares at their present low prices before they break out of .125cents. After all, company now has two biz to support its share price. Grossly undervalued - easy target for reverse takeover. Shd fly north very fast coz' most placement holders have not sold. The small syndicates manipulating with this counter can't squat in the sell queue forever or else they will be gobbled up by reverse takeover GIANTS!!!!
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Make hay while the sun shines. CGL an easy target for reverse takeover coz' it's grossly undervalued. When listed, it had only ONE biz. It has now two biz , so profitability shd increase, leading to an increase in its share price. What are u waiting for?
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If the syndicate syndicates do not exercise discretion in parking their shares at low prices, they will easily be swallowed up by any company that is keen to take over CGL (back door listing). Profitable but grossly undervalued. Will recover very fast as it is an easy prey for any company that seeks a back door listing (e.g. Globalvoice is a back door listing)
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Its IPO price of 22cents in 2005, when it was listed, was based on ONLY its steel pile biz. As it has started another profitable biz, in addition to its steel pile biz, it is grossly undervalued. Why must its shares be sold down when it is not , and will never be, affected at all by any subprime woes? An easy takeover target coz it's grossly undervalued! Price moving north already - signs of acumulation at its present LOW prices - up to you to reckon why?
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CGL IPO price was 22cents per share. With only 50 million shares floated, it can be a potential takeover target for any company that needs a backdoor listing on SGX. With its new biz income stream, in addition to its steel piling biz, after its IPO, isn't its shares grossly undervalued. Has been profitable after being listed in 2005.
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CGL is now below IPO price though it has become more profitable than pre-IPO days. May be a takeover target by any company that needs a backdoor listing on SGX coz' it is below IPO price (e.g. Globalvoice is a backdoor listing) . CGL price may run away if that happens
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Buy at this low price which will move up on possibility of takeover soon?
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If its price remains low much longer, it may become a takeover target coz' its way below its IPO price. Shd move up soon coz' its biz is not linked to any subprime woe at all.
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