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201-220 of 308
so how much he sold? zzzz....lol
peter lim reducing his stake
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UPP HOLDINGS LIMITED |
Lim Eng Hock |
31.94 |
30.95 |
nice opening. holding up strong. should have more upside.
Probably the most high profiled stock tomorrow with its 17.85% placement price at 37.5.
Pretty obvious the BBs pushed this up for this placement but good thing is they have not exited atm so no worries yet.
There is an intraday gap at 37.5 that may be covered as some gap down towards the placement expected plus the bearish sentiments from US overnight market and the potential uncertainties from Europe. But I expect any dip below 37.5 to be temporary, if any at all, lest this placement exercise becomes a failure which is less likely than not, thus already a natural flooring. It is also likely that this mark down would complete the correction from recent move immediately.
Depending on who the placements go to and if the Myanmar's JV/venture is real and achievable, I am positive on this counter. But most important of all is still to see what the BBs do from tomorrow. Tracking their footprint closely is paramount and beats our whatever form of analysis. And as always, once the market starts, all expectations are thrown out of the window...
the myanmar JV is largely due to pulling powers of tong n PL. tong is trained in malaysian corporate scene so i would thk the " culture shock" , play punk, undertable he would hv seen it done it. im too technical hence i never got to enter this stock. but as its sentiments play now ie. heck fundamentals & look future earnings potential, i thk this stock wil run.
It truth (if any) better to run fast once BBs throw few hundred lots each time, likely to be volatile in play, let see will it follow one day super chiong stk or not?.
Note: Chiong one day stk...unifiber, contel, Informatic. Plastoform chiong - don know will last how long?.
Would players, do take care...Happi speculating.
I fully agree with you.
clickshop1628 ( Date: 04-May-2012 14:21) Posted:
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This acquisition will turn them around, not make them lose $$. There will be a dilution in NTA because of more new shares but EPS will increase based on the profits from the JV. Why the Myanmar company want to sell the assets and go into a JV? Think because they don't have a developed capital market to tap funds. This should be win-win but never chase the price when it resumes trading. No matter how good the news, there is a price to pay....
after this acquistion the company will be in the Red. no guarantee that this is going to generate profit for this business. is also very much depending on the country politics( a lot of uncertainties). i think is an opportunity to sell when the news is out.
sorry to hear about your fren. Which part of Singapore did he used to stay?
DummyA ( Date: 04-May-2012 13:54) Posted:
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BE CAREFUL OF THIS STATEMENT: memorandum of understanding (the “MOU”
THIS IS AS GOOD AS EMPTY PROMISE BUT VERY VERY EFFECTIVE IN LURING PPL TO BUY UP.....YEARS AGO A WELL KNOWN COUNTER USES THIS TO PROFIT.......
please do not post such big claims. what if the newbies borrow money to play this stock and got burnt? one of my friend just committed suicide deal to owing $
This is fantastic
Let sell house, car and get bank overdraft to buy big big liao.
good news sia.
The Board of Directors (the “Board”) of UPP Holdings Limited (the “Company” or
“UPP”) wishes to announce that the Company has today entered into a memorandum
of understanding (the “MOU”) with Myan Shwe Pyi Limited (“MSPL”), a company
incorporated under the laws of the Republic of the Union of Myanmar, pursuant to
which the parties intend to establish a joint venture company to be incorporated in
Myanmar (the “JV Co”), whereby each of MSPL (or its assignee) and the Company
(through a wholly owned subsidiary to be established in Singapore, the “UPP
Subsidiary”) will hold shareholding interests in the JV Co in the proportions of 33%
and 67% respectively. The JV Co will subsequently purchase certain assets and
contracts (the “Relevant Assets”) from MSPL for the purpose of carrying on the
business of the conduct of quarry operations and the provision of engineering
services in relation thereto. The establishment of the JV Co and the subsequent
purchase of the Relevant Assets are hereinafter referred to as the “Transaction”.
Subsequent to the entry into of the MOU, definitive transaction documents
(“Definitive Agreements”), including a joint venture agreement for the establishment
of the JV Co, a sale and purchase agreement and other documents deemed by the
parties as necessary or advisable for the Transaction will be entered into in due
course.
More details - see attachment
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4F395D4331E93500482579F30058967C/$file/AnncProposedAcquisition.pdf?openelement
Both UPP and Unifiber are trading halt today...
May be UPP RTO Unifiber instead of Sinarmas.
Good or bad news?
sk6666 ( Date: 02-May-2012 12:21) Posted:
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did u check how much was the dividend? 0.1 cents. $1 for 1000 shares. luckily it didn't breakdown 33.5 cents, if not, the fall will be worst..
ChillX ( Date: 01-May-2012 23:01) Posted:
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Har? What sell-down effect? care to elaborate what you mean? I always note that practically all stock prices dip at XD date, untill the stock price is on a very strong uptrend in price.
New123 ( Date: 28-Apr-2012 18:54) Posted:
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