Courage Marine   

Courage Marine--- A courageous play

two days are the same.

 

Oh yes, liquidity of CM is pretty low....makes it difficult for quick exit at the right price. Investors should take this into consideration in their decision making process. 

 

Today, 5 trades.

Trades 1 & 2  - 15,5cts  - 35lots..sold to buyer.

Trades 3 & 4 - 15.5cts  - 60lots...bought from seller

Trade 5 - done @ 1659hrs ( trade 4 done same time) - 16.0cts - 5 lots - bought from seller

My take is .....CM is well supported @ 15.5 cts but seems like someone is trying to push it higher but without much success at the moment.

 

5 lots at 16 cents again just before close of mkt (similar to yesterday's mkt). What is the significance of the same close over the last two days? Any  suggestion?   Volumes of most counters seem to be drying up.  The mkt is now as dry as Sahara desert. What is the significance? Any suggestion?  

 

shplayer, just wanna hope that you will continue your posts on this counter and as well as other counters too. Yesterday just collect few lots to test test waters. Was a "fan" on this counter last time. But never go to read up ever since energy prices going up. All the posts in this counter made me want to collect a few lots especially your posts. And I find your posts very constructive in my own opinions. So pls keep telling me/us for this counter. If you don't mind, can also contact via MSN? Maybe should start a post on gathering all the forumers's MSN so we can communicate faster... 

 

shplayer,......Don't worry about bad post..of there is a ranking being done for bad post, then I must be top in the list!

I just find it very funny that ppl can simply compared current share price to the ipo price or simple look at last year dividen pay out to make their investment decisions. They must be very new player in stock market. Buy stock is to invest in the company futhure and not the past! Easy to say...but look like many ppl still don't understand that.

 

To Shplayer - pse accept my apologies if  my posting had  caused u or anyone other forum participants to misinterpret that u had stated the market has not bottomed out.   It was   "Newmoon"  in  his posting on 14 June  under subject heading "Rebound lacks volume"  . Thank you for giving me this opportunity to clarify your misunderstanding. Please keep up your good work of contributing constructive opinions.

 

Don't care about the bad posts lah... some people just cannot handle things they do not agree about.

This forum is for all of us to share and learn from each other about stock investing.

Haha.. sometimes, I purposely post just to see how many bad posts I collect. Hahaha!

 

what happen next? bad post again?..............BUGGERS .....

 

BullRun,

Alas, here we are, trying to provide data and our unbiased opinions to other members to help them make more informed investment decisions...and how do some of them show their gratitude????

They give us BAD posts and make unwarranted accusations about making unsubstantiated statements. I guess, if we do make unsubstantiated statements like...Hey, CM can hit $1.00 by end of the year, we are sure to collect alot of  Good post points from those members who have yet to grow up.

Well, guess we can't please everyone all the time.

 

kingkong31,

Yes, CM close @ 16cts again today.

180 lots done in 3 separate trades - 25 lots @ 15.5cts, 150 lots @ 15.5cts and the last trade done @ 1657hrs (just before closing) 5 lots @ 16.0cts.

All transactions done @ SELLERs' price.

Do you read something into this?

 

It is interesting to see how each person has their own way of doing valuation for stock! Interesting to that ppl still use current share price vs IPO price to decide if a stock is worth investing!!!!

 

today CM last done prize at 16c again.

 

hikitty,

Please tell me where have I mentioned in any of my posts that the mkt has/has not bottomed out or has/hasnot peaked.

Appreciate that you do not mix meup with posts from other members.

 

Thanks for taking the trouble to forecast the dividend yield.  My point is as a forum participant, one must be positive and responsible. Please do not make any unsubstantiated statement e.g. that the market has not bottomed out. Isn't the yield more attractive than the 2 to 2.5% interest paid by banks?  There's no need to cut loss on CM  at this point of time, unless one is "financially strapped" as the daily volume has been very low since it started trading on 13 October 2005 (total float : 1,058,829,308 shares).

 

hikitty,

As a comparison, eps for 1Q06 is 0.8cts and 1Q05 is 1.6cts. This is a 50% slide in eps YoY due mainly to the drop in worldwide freight rates and higher oil prices. If you look at the P&L of CM for 1Q05 and 1Q06, the impact of lower freight rate is greater than that of fuel cost. 

Whilst div for FY05 was 2.08cts per sh on the back of 4.82cts eps, I am sure you will agree with me that this will not be achieved for FY06.

My personnal forecast is for FY06 eps to come in at 3.2cts (sorry, I made a mistake in my earlier post where I said 2.4cts....too early in the morning...brains still sleepy) thereby giving a div of 1.6cts per sh. This is still quite attractive yield at current price range of 14 to 16 cts. 

 

It's foolhardy to believe that CM will reach 50 cents in the foreseeable future unless crude oil price drops like a bomb very soon, which is nigh impossible. If that happens, not only will CM increase in price,  many other stocks will also.  It's equally foolhardy to believe that CM will slide forever unless it becomes another ACCS or CAO fiasco.  The current price level is well supported because its IPO price was 22 cents per  share , which is a discount of more than 30%, and the guaranteed dividend payout in 2007of half of CM's profit for 2006 (For 2006,  a dividend of $20.8 per 1000 shares was recently paid out.) .

 

To all the BUGGERS who gave me a BAD post, please note that I never told you to Buy, Sell or Hold onto CM. All I gave you in that thread are facts...... published financial datas for you to make your own decisions.

Like it or not, they are facts. If you are too IMMATURE to accept it, you can ignore it. Those who think they can make their Dream  of a 50cts CM share come true...then by all means hang on to it. Afterall, you may be right and if so, good for you....you made alot of money. Whatever the outcome....DO GROW UP!!!!!!

 

no worry , just go for it .

 

Gd luck for all...and for myself..