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Emm JES huh, but don't know if their 2nd qtr good a not.
JES IPO price is $0.67. Current price indeed look actractive.
Alligator ( Date: 24-Jul-2009 18:44) Posted:
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yes, at least wait until got anyone or any institution willing to help them to get the financing source...otherwise it will b very risky....what makes me feel fishy is ever since they announced that they might encounter financing problems, until now they still havent had any solution to it yet....so better be careful than sorry.....wat if they failed to get the financing support...
dealer0168 ( Date: 24-Jul-2009 18:17) Posted:
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Yah....cashflow is very important to a business no matter how profitable the business is.......a company with very tight cashflow may be a time bomb waiting for more problems to arise resulting in difficulty to continue it's operations due to lack of funding......
ya, better wait,
also why not go for other ship builder that does not have the problem, less worry.
think about JES, still 'loss' however order book strong....
dealer0168 ( Date: 24-Jul-2009 18:17) Posted:
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But to the best of the investor, Jaya holding should quickly settle this problem. Than that will attract more investor.
Me waiting sideline first, smoke clear than i join in.....
I am working in the financial industry whereas a couple of my friends are fund managers. It was analysis done internally by funds.
Jaya was trading way above $0.60 until this re-financing issue came out.
Where you get the TP ?? From MFTs ?
smilingchuan ( Date: 24-Jul-2009 12:19) Posted:
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This is a huge potential stock. likely to shoot up! There is no reason for no-refinancing. The banks also want to continue to do business with Jaya Holdings which is a profitable business. If they do not re-finance, business will go down and probably the banks cannot get back their loans or credit lines. So invested a small sum of money. bought at $0.33, $0.35 and $0.36..
TP: $0.50
You may want to wait for news of how it will settle it's current refinancing issue. If it can settle the refinancing of it's debts successfully, then it's business can continue to operate. If it cannot do so, it will be risky to invest in the company now.
anyone has updates or advice if i can long based on current price?
what's likely the downside?
My two cents worth:
Over ambitious plans and risky business model (build first sell later) are two main factors that caused company to face cashflow problems. Of course, credit tightening due to recent global financial cricis was the triger.
Galileo ( Date: 21-Jul-2009 12:12) Posted:
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The money can't roll over...
Some time ago this counter was a darling, climbed up very well, often mentioned in ST, I wonder when & why it went sour ?
My view: high risk with possibility of no or little returns. If it is lucky to survive this round, the route to recovery will be far and long.
good news or bad news?
ANNOUNCEMENT
The Board of Directors of Jaya Holdings Limited (the "Company”) wishes to announce that since the announcement of 17 June 2009 (the “Announcement”), the Company, its subsidiaries (collectively, the “Group”) and their advisers have had constructive discussions with the Group's bank lenders and have met to discuss the consensual restructuring of the Group's operational activities and financial arrangements, including a standstill of repayment of amounts to such lenders. The Company and its advisers are working with the lenders to consider the most appropriate steps to complete the restructuring that will provide sufficient resources to the Group to carry out its business plan. The Group's day to day operations and activities are continuing as normal and there has been no break or cessation in the business activities of the Group.
However, the Company wishes to advise stakeholders that the Group has received letters from various creditors that seek to preserve their legal positions in view of the Announcement, including formal demands for repayment. Consequently, the Board would advise shareholders and the investing public to exercise extreme caution in dealing in the shares of the Company.
Hmm .... This stock seems to be facing some resistance at 0.345 ... I could be wrong ... Do correct me if i am wrong ... The volume fluctuates quite a fair bit today ...
.. short or long... it's your choices. .... .. if one can't accept other's view point. than be it.....
hmmm...am i having problem EXPRESSING myself ?? thot in my previous post...there are keywords like "SHORT or CONTRA" ??? hmm....
buysell ( Date: 04-Jul-2009 18:59) Posted:
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Do you intend to go around every threads and create fear asking everybody to short the counter?
Just becos you shorted? Please be responsible!
nickyng ( Date: 03-Jul-2009 15:59) Posted:
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Look like time to enter now.
What good price to load?