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price begin to slide on 24 Oct before profit guidance on 30 Oct 7pm
Profit warning for 3Q13 due to the weak demand for steel in China which resulted in overcapacity in the industry with declining steel prices. Current steel prices are reportedly close to break-even levels due to rising costs, and are not expected to improve during the industry's destocking phase. Group provided an update that it is currently reviewing its steelmaking business in China, and had on 9 Oct, entered into a conditional sale and purchase agreement to acquire the entire equity stake in Mancala Holdings Pty Ltd, a specialist mining services company based in Australia.
I smell a rat..... firstly, biggest SSH sold away all the shares.
Now chairman and directors resign....maybe collect enough share awards time
to exit.
solidbuy ( Date: 04-Oct-2013 07:54) Posted:
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Better don't touch it. If not u take over his shares. Lol
sapphire is looking interesting, time for it turn to soar.
let see.
Sapphire , now 13.4 is on a downward trajectory ...
for more details , see http://sgxswinger.blogspot.sg/
The day has come......
There is some price movement following ACH Investments acquisition of
Sapphire shares from Wang Jin's and Wang Yufeng's entire stake .
gap Gap GAP...
No hope already.....dead counter...bleeding profusely
This is just a con stock...... with activity in quake prone Sichuan....
parkings ( Date: 04-May-2013 20:20) Posted:
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Can go up only when you see cats grow horns.
Even SIAS has lowered the TP from 0.60 , 0.31 and now 0.23.
I have already written off the losses as bad debts.....if can go up to 0.60, then I think as good as strike lottery.
Hope can hold at 0.110. Company going to have stock repurchase? are they serious this time?
Sapphire... TP 60ct.... enjoy
NF1.SI has closed below the lower band by 6.7%. Although price has broken the lower band and a downside breakout is possible the most likely direction for NF1.SI is to continue within current trading range. It is unclear right now based on current numbers. 79.7% narrower than normal. The narrow width of the bands suggests low volatility as compared to NF1.SI's normal range. The bands have been in this narrow range for 3 bars. This is a sign that the market may be about to initiate a new trend. http://sgx.stoxline.com/quote.php?s=nf1
Over the years, I have seen this counter never respond to good results.
Special steel is now 100% owned and they paid for it with China VTM shares which they
got it free during IPO
The company directors, chairman and management only reward themselves with share awards.(quite hefty amount)
Shareholders get nothing.
Fundamentally, Sapphire is strong but the trading pattern seems otherwise. Or is there some thing which we are not aware? JMO
I have switched two third of my share holding in Sapphire.....those that switched are already in money
whereas Sapphire is trending lower. So many days little or no trade......might as well delist.
Even weaker counters like Compact, Delong and HG metal has also moved up.
uh oh, broke 0.12, going down :\
Commodities kena hit. Is like that. But.... China will support commodities soon. When they start their plans.
wad hpned to this counter? i thought we're projecting it to be bullish due to chinese metal prices?
Must need to take " some" profit of your position..... let the reminding ride on it.... if drop, can use the free up capital to reload again....... while keep the profit in pocket...
Money cost averaging is an even better art.
Isolator ( Date: 07-Mar-2013 18:23) Posted:
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