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Any fundamental investor here? Can post your views why this is an excellent play? I am looking into this stock...interesting
don't really understand the rationale for the share buy back today at 0.135. unless the bulk of the 10mm+ buy q was largely from CNT itself and it got hit for 1mm+ shares.
And the buy-backcontinues!!
This is why most people avoid SGX as most of the time the company shares become great share sales if they are listed here...
grandmaster89 ( Date: 24-Dec-2009 15:07) Posted:
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I thought they had a stock split? NAV is 20 plus cents
ozone2002 ( Date: 24-Dec-2009 15:02) Posted:
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downside -13.5c
upside IPO price 80c..
no risk no gain..
The key problems with this investment is the lack of appreciation of their services and assets.
How many of us here have travelled to the area and see how 'prime' is the land? Do Chinese people in nearby cities find it attractive? How is the pollution levels, traffic conditions, access to good schools? Is it viewed to be a place for the lower-mid class population or is it meant for party officials and the rich etc?
We have no idea!
Think about it - If I was developing Punggol in 1995 and I listed my company in China, I would attract investors by painting Punggol to be leisure waterfront town etc. I would claim that this is a niche and will be extremely popular to Singaporeans.
But we locals know that no one in the right mind would move in to Punggol when it was first built since it was the middle of no-where and it lacked many amenities initally. It only started becoming attractive a decade after it was built (benefitting the original buyers and not me). The company would have made poor profits since few people were interested and so a lower buying price. Investors back in China who knew nothing about Punggol would be scratching their heads as their investment in my company yielded poor results LOL.
If you ain't sure about their property and how Chinese people view it, its best to stay away. Lest, it might be a painful gamble.
Crazy liao... bid Q so high ?
IPO price was 0.80, but NAV was greatly reduced after the convertible bonds were issued
grandmaster89 ( Date: 23-Dec-2009 20:22) Posted:
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Seems like an interesting company. Will have to study it over the week. Could be an profitable prospect over the next 3 years. Anybody knows what was its IPO price?
Another 15millions shares bought today...
38millions shares purchased!
Latest announcement from the Company:
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_34ED40D1AF7A55F1482576950032E78D/$file/Announcement_ceassation_of_CC091223.pdf?openelement
Any Gurus can share the impact on the earnings and price of this counter?
wa... scary leh... actually to think of it.. there is this possiblity too..
On the other hand.. any possibilty for management to seek a dual listing? (its the rage nowadays!)
Don't know.. just guessing only...
privatize???
Who is buying ah?? privatize??
Yup.. but at very least the company is willing to buy back shows confidence in the current px.. it will be very nice to get in at 0.125 if it fall further
ZebraCrossing ( Date: 22-Dec-2009 20:04) Posted:
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somehow... they showhand or don't showhand, there is still people whose dumping the shares...
still close at $0.13. they should have show hand a bit later.
another 2,000 lots @ 13.5
show hand on this counter..
IPO price 80+c more than 4 times upside..oh yeah!