Jaya   

Jaya Holding

forget abt the impending announcement...SHORT or CONTRA with the global trends :P

 

anyone know what's the situation for this counter now? when's the impending announcement

 

hi, focus6900.

next time you have special info must write in this forum.

Me got caught and run road on Thursday. Lost all the money earned from keppland. No regret even it will go back to normal next week. Nobody will know what will happen next. only have to blame myself for not open my eye big big and just follow the crowd.....Bad luck la.

this is my first case in this type of situation. hope will not kena again.  need to be more alert la...


 

 

Thanks to your posting. I picked up 100lots at 35cts. Sold all today for good profit.

thinkofstock      ( Date: 19-Jun-2009 16:27) Posted: any advice.... will jaya bring good news next week? and how long the talk results will out

 

hehe, ya lor, ealier i lot in some n my dealer call me to fast fast sell cos he said hv enage tis guy call Martin to step in liao......so very very risky, so boh bian quick quick sell n earn kopi O $$$$

 

Situation and outcome is still very uncertain. Unless u are a high risk taker, better to avoid for now.

 

any advice.... will jaya bring good news next week? and how long the talk results will out

 

this market can get irrational ... it always do.

 

Have so many negative news, but why today still so high vol...????px up so rocket high????

 

More on Jaya Holdings:

Jaya Holdings (J10.SG) +22.1% at S$0.415 as traders cover back short positions placed after Thursday''s 40.9% fall in wake of shipbuilder''s financial woes. Shares heavily sold down yesterday following Jaya''s announcement of debt restructuring plan amid reluctance of some banks to roll over or extend credit facilities. Despite current rebound, accompanied by strong volume, share price unlikely to return any time soon to levels prior to company''s latest disclosure. Near-term support eyed at S$0.29, based on 78.6% retracement of rise to year-to-date high of S$0.685 from March low of S$0.185. Resistance for time being expected at S$0.435 (50% retracement of similar moves). "It raises questions on the viability of Jaya''s business model, especially its ambitious build and fleet upgrade program," says local broker; notes even major investor - private equity firm Affinity Partners with 55% stake - not in position to help Jaya, which has engaged consulting firm to review strategic options.

 

It is always prudent to stay aside if the situation is unclear. No point risking our capital. 

 

dont bet on it...u will never know...there are too many unseen hands around :)

smartrader      ( Date: 18-Jun-2009 16:50) Posted: after its worst fall...Jaya is still sound.. there will be good news coning out...

 

in stock market really scary man....just imagine how many investors lost money base on the last month vol....

 

after its worst fall...Jaya is still sound.. there will be good news coning out...

 

still hold don't know will be the outcome tomorrow?

 

One whole week yaya papaya 0.55 dun want to give me.

Finally roti wah kaya 0.35 free fag beg me buy..

 

DJ MARKET TALK: Jaya Holdings Tumbles 35.7% On Financing Worries (2009/06/18 15:24PM) -------------------------------------------------------------------------------- 0724 GMT [Dow Jones] Jaya Holdings (J10.SG) tumbles after ship charterer says some of its lenders have expressed reluctance to roll-over and/or extend existing credit facilities; shares down 35.7% at S$0.37 with order book quotes suggesting support at S$0.35. CLSA, who has Sell rating, says company had high risk strategy as it built offshore support vessels without having signed contracts in the hope of getting higher prices. "This strategy worked well in the upmarket but has led to a lack of sales in the current downmarket; as a result, the company is left with a number of high costs vessels that it cannot sell." Adds majority of vessels are for shallow water where oversupply persists; warns little chance of vessels being sold with operating cash flows unlikely to improve in next year. (KIG)

 

now dropped 21 cents..will it halt trading if hit 50% drop from yesterday's close ?

 

Jaya's high gearing is a known fact. Yet it went up together with the rest of the shipping shares. Now loan restructure only, everyone panic!!!. Is it warranted?

 

Hear Jaya was sold to a Malaysian co last year.

Is this correct?