ShareJunction - Member Posts

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Ministry of TRANSPORT has the Obligation

to ensure that Singaporeans bear

the LEAST COST in TRANSPORTATION

being the World's 1st in:

- TRANSPORTING COST EFFICACY

- TRANSPORTATION EFFICIENCY

- TRANSPORT SCALE ECONOMY

- TRANSPORT MINISTRY PROFICIENCY

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the Sunday Times 4 APRIL 2010 Page 10 home

End of the road for budget cars ?

COE trading: Car dealer makes S$18,000 in One COE

COE is like a Six-Month Share Settlement Contract ????

can share trader so easily make S$18,000

for a 1,000 Shares Settlement Contract ????

sO what are the Function and Objective of COE and COE Bidding System ????

tO prOvide an UNFAIR and UNJUST advantage

for Car Dealers to make "INSIDER PROFITS" ????

Sure COE BIDDING SYSTEM

INFLATES HIGH COST OF LIVING and

DRIVES HIGH INFLATION in the ECONOMY

as well as LOWERS LIVING STANDARD for the PEOPLE.

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SPEAK accurately in STATISTICS, FACTS AND FIGURES.

DON'T SWEEP STATEMENTS with MORE or LESS WORDS

SHOW the COE NEW FORMULA JUSTIFICATION REPORT

instead of arguing in own personal opinions ????

pharoah88 ( Date: 04-Apr-2010 13:32) Posted:

The Straits Times Saturday, 3 APRIL 2010 Page A36 fOrum

OLD fOrmula dOesn't mean mOre COEs

by Phua Hooi Boon

Director (Land Transport Division)

Ministry of Transport

* * * * * * * * * * * * * * * *

I REFER to Mr tan Jiaqi's letter,

"COE price hike: Govt not entirely right", on Wednesday.

Mr Tan asserts that the new fOrmula for COE quota,

which comes into effect this month,

was on reasOn for the rise in COE prices

in the recent bidding exercise last month.

....

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The Straits Times Saturday, 3 APRIL 2010 Page A36 fOrum

OLD fOrmula dOesn't mean mOre COEs

by Phua Hooi Boon

Director (Land Transport Division)

Ministry of Transport

* * * * * * * * * * * * * * * *

I REFER to Mr tan Jiaqi's letter,

"COE price hike: Govt not entirely right", on Wednesday.

Mr Tan asserts that the new fOrmula for COE quota,

which comes into effect this month,

was on reasOn for the rise in COE prices

in the recent bidding exercise last month.

....

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DON'T BUY

CAN DIE ?

I'll fOllOw U

tonylim ( Date: 03-Apr-2010 15:00) Posted:

Independent Directors with Ernst & Young as the financial advisor strongly recommend Rejection of the Offer. The pathetic offer price was accepted by the family of the late CEO due to trying circumstances. Glencore is really unscrupulous to take advantage of the poor widow.

My take is to buy now at .36 and wait for it to move above .60 after the offer lapses.

pharoah88 ( Date: 02-Apr-2010 21:00) Posted:

NEED to be confirmed by SGX insider trading reporting Over the next twO wEEks.

to sEE whether GLENCORE is buying from market Or nOt ?

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PRiCE will SPiKE on Monday: 5th APRIL 2010

Back to USD0.620 ?

pharoah88 ( Date: 04-Apr-2010 13:14) Posted:

CHEMOIL BOARD ISSUED OFFICIAL CIRCULAR TO ALL SHAREHOLDERS

DATED 31 MARCH 2010

SECTION 1.3 PURPOSE OF CIRCULAR

........Independent Directors recommend that Shareholders REJECT the Offer for the reasons set out in Section 8.2 of this Circular.

SECTION 8.2 EYCR's Advice to the Independent Directors on the Offer

........ REJECT THE OFFER ........

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CHEMOIL BOARD ISSUED OFFICIAL CIRCULAR TO ALL SHAREHOLDERS

DATED 31 MARCH 2010

SECTION 1.3 PURPOSE OF CIRCULAR

........Independent Directors recommend that Shareholders REJECT the Offer for the reasons set out in Section 8.2 of this Circular.

SECTION 8.2 EYCR's Advice to the Independent Directors on the Offer

........ REJECT THE OFFER ........

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iNtrinsic VALUE S$0.281

KiLrOy ( Date: 18-Mar-2010 22:17) Posted:

one has to 'zoom' out to look at the big picture of this counter as to where its going.

Looking at the trend, the price action went up and consolidate for a period and now its trending up again so a UP - STAY - UP = UP. Smiley

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can nOl take Over RMT nOw ????

pharoah88 ( Date: 03-Apr-2010 15:36) Posted:

nOw cOmes the MilliOn dOllar QuestiOn ?

whO kept buying and buying nOl at HiGHER and HiGHER PRiCES ??

can the SAME grOup cOme tO buy RMT nOw ???

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nOw cOmes the MilliOn dOllar QuestiOn ?

whO kept buying and buying nOl at HiGHER and HiGHER PRiCES ??

can the SAME grOup cOme tO buy RMT nOw ???

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StamfordLd

Symbol:
H07

Currency:
Singapore Dollar

Last:

0.52

No Change

Vol (K): 1981.0

Trading
Updated Time	01-Apr 17:05
Open	0.5	High	0.525	Low	0.5
Prev Close	0.52	Buy	-	Sell	-
Volume(K)	1981.0	Buy Vol(K)	-	Sell Vol(K)	-
52 Wk High	0.52	52 Wk Low	0.205	52 Wk Avg Vol	1007.004
All Time High	0.8	All Time Low	0.14
Comments	Near 52 wk high

*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.

Financials
Date Updated	31 Mar 2010	Financial Year	31 Mar 2009
Current Year Profit (After Tax) $'000,000	4.084	Previous Year Profit (After Tax) $'000,000	42.935
Net Asset Per Share	0.41	Turnover $'000,000	13.05
Current Year EPS (After Interest and Tax)	0.0	Previous Year EPS (After Interest and Tax)	0.05
PE Ratio (After Tax)	0.0	Times Covered	0.5
Price (at update time)	0.51	Dividend Yield	0.02

*Technical Analysis Information is updated Daily

Technicals
RSI	86.13	Williams %R	-5.88
Comments (RSI)	Overbought	Comments (W%R)	Overbought

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I STRONGLY agree with Ms Rachel Yang (“Why I like my long bus rides”, March 31). I also prefer to ride on the bus than the MRT, especially on long-distance journeys, though it may not be the faster option.

Most of the time, I am able to get a seat on the bus. The aircondition works all the time, enhancing the experience. Best of all, a bus will take me nearer to my destination, while an MRT train may not.

In contrast, one can hardly get a seat on the train, even during non-peak hours. During peak hours, one has to fight to squeeze into the train. After you succeed, you have to fight just to get your fair share of oxygen:

The ventilation on board is usually poor, and it’s usually warm and stuffy on the train. [Sounds like in 3rd World country ?]

It’s all made worse if the person standing next to you has morning breath.

Although SMRT announced that it was adding additional train trips from March 22, I have not seen a significant improvement during the morning peak hours. With 11 more Circle Line stations set to open on April 17, will the network be able to cope with the expected surge in ridership?

Meanwhile, the authorities are already planning to further load the trains with bus passengers... [trying to Overload MRT?]

We also have to consider our ageing population.

With the “hub-and-spoke” system, the elderly will be made to walk even more. They already have to walk when swapping trains or swapping from buses to the MRT stations; now they may have to alight just to get from Point A to Point B via the bus.

I urge the LTA to consider alternatives to terminating any bus routes with high passenger loads, “cross-country” or otherwise.

And any costs incurred due to proposed changes should not be passed down to the commuters, in the form of paying an additional fare to get on board the second half of what used to be a single bus journey.

[*I am AFRAID if this is where the Extra Bonus of Ministrer will come from ????]

pharoah88 ( Date: 03-Apr-2010 15:05) Posted:

TODAY ONLINE VOICES Page 18 Friday April 2, 2010

Think of the elderly, too
‘Bus-swapping’ will be tough on S’pore’s ageing population

Letter from Irene Lim
It’s all made worse if the person standing next to you has morning breath.

is this INDECENT ?

review of Cross -country routes

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TODAY ONLINE VOICES Page 18 Friday April 2, 2010

Think of the elderly, too
‘Bus-swapping’ will be tough on S’pore’s ageing population

Letter from Irene Lim
It’s all made worse if the person standing next to you has morning breath.

is this INDECENT ?

review of Cross -country routes

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tO be OPEN FAIR JUST TRANSPARENT to millions of people

Minister of TRANSPORT in any country must WALK THE TALK

in Order to tell the millions of people that the

PUBLIC TRANSPORT SYSTEMS ARE GOOD

by taking PUBLIC TRANSPORT to WORK everyday.

this must be the PRE-REQUISITE of every TRANSPORT POSITION.

so that there is ABSOLUTELY NO CONFLICT OF INTEREST.

between the Position Holders and the Public.

PUBLIC want to SAVE TRAVEL TiME and TRAVEL COST.

Position Holders must NOT increase PUBLIC's TRAVEL TiME and TRAVEL COST

that is the BASIC CONFLICT OF INTEREST in TRANSPORTATION

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SINGAPORE AIR QUALITY had gotten from wOrse tO WORST.

SINGAPORE AIR QUALITY is nOw 3rd WORLD ? ? ? ?

For DECADES, COE BIDDING SYSTEM had PROVEN that it DID NOT TERMINATE TRAFFIC JAMS and CAR POLLUTION.

COE BIDDING SYSTEM is Complacent Incompetent Negligent Exuberant [CINE]

It increases CAR PRiCES, BUS COST, DELIVERY TRANSPORT COST, COST OF LIVING, FOOD COST, PROPERTY COST, HOUSING COST, LABOUR COST, MULTI-LEVEL INFLATION.

BIDDING by AGENCY rather than CAR BUYERS causes COE SPECULATION and COE PROFITEERING.

FIXING CAR PRICE WITH COE TO BE BIDDED rather than with CURRENT COE STOCK-IN-HAND promotes HOARDING INFLATION and further BIDDING OF HIGH COE PRICES to GAIN SURPLUS SUPERPROFIT   from existing COE  INVENTORY.

COE is the 4th HIGHEST INTERNAL INFLATION DRIVER.

Current BIDDING SYSTEM discriminate the less endowed Singaporeans.

It FAILS to fulfill   GOOD GOVERNANCE

for being OPEN FAIR JUST TRANSPARENT

QUEUEING and BALLOTING SYSTEM LIKE THAT OF THE HDB is:

OPEN FAIR JUST TRANSPARENT

fulfilling all four PILLARS of GOOD GOVERNANCE.

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WITH the recent tweaks to the COE quota, the prices of cars have risen. I have a couple of suggestions to help take some of the frustration out of the equation for potential car buyers.

First:

The price of a car should not be bundled with the COE quota premium.

The current system enables car sellers to speculate on the COE price.

With a cut in the number of COEs, the total supply in the number of new vehicles will correspondingly drop. As such, car retailers should maintain or reduce the price of their vehicles if they want to maintain equivalent market share — not raise prices.

[MARKET ECONOMIC DISTORTION]

It should only be the COE price which fluctuates according to demand.

The fact that they are able to raise the price of their vehicles in anticipation of COE price rises which may not take place shows that the cost of the COE system tweaks is being absorbed entirely by consumers.

[COST OF LIVING AND INFLATION DRIVER]

Second:

When you walk into a showroom and put down the deposit on a car, you have entered into a binding contract to buy the car. Yet, you are not even certain of getting a COE to support that purchase, due to the current bidding system.

[sub-PRIME BIDDING SYSTEM]

Why not have the system require that you must first purchase and produce a COE

This would take the uncertainty — as well as the grey area which allows car firms to take advantage of fluctuating COE prices — out of the process.before you can purchase a vehicle?

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VOICES Page 18 Friday April 2, 2010 TODAY ONLINE

Why not require COE purchase

before you can buy a car?

Letter from Johnnie Chia

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hOwever, WiLL this be gOOd fOr SMRT sharehOlders ? ? ? ?

every SingapOrean nEEds tO buy SMRT as a HEDGE ????

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few million people who have been taking buses DAILY to work for DECADES are paying millions to a woman who does not take bus to work DAILY ; to teach millions people who travel by buses DAILY for DECADES on "HOW to travel by buses to work ?" incuring more COSTS and TiME.

iN REALITY, who would pay somebody millions

to increase own TRAVEL COST and TRAVEL TiME ?

is this INSANITY ? IRRATIONALITY ? IMPRACTICABILITY ? IMPOSSIBILITY ?

anOther blOOdy jOkE

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