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Reading the postings this morning, yes Mr CashierTan normally this would be the case at exdividends for most stocks, but not invariable for strong stocks which are kept for more promising growth going forth. Derek chong is correct the big investors normally have a time frame of 1 to 5 years for selected stocks mainly for their growth prospect not dividends. If hopefully barring another worldwide stockmarket disaster we are seeing K1 a $2 stock in 3 to 5 years the 6c doesn't really matters. Of course it is a most gratifying hor'doeuvre for us now buying at 40/41c so close to the distribution - time and % is most opportunistic here, we are actually quite happy that some mightier hands are keeping it at 40c for us. Cheerio.
Still vested. Will review position only after AGM.
big investor or fund don't buy stock just for the dividend.
i kind of disagree with this view coz usually the stocks would correct for 6 cents when the counters is ED. however i agree that this stock is for holding for some time yet...
''If I am a fund investor I will wring as much juice as I can from K1 to buy it cheap. Dose it enlighten you"
August, K1 is primarily a fund target, even our Temasek has a big stake in K1. In times as the allure and glamour of K1 increases there will be not enough free float at this price 40/41c for other funds wanting to get in. It is the strategy and typical of funds accumulating this stock to at the closing everyday or anytime the price seem to be running away from their buying range to depress it down by "panicking "the weaker hands to sell at their ranging price - the more the better. Notice that every day here are millions of strategic buying and selling queues to cause uncertainties in unwary anxious small holders to sell their shares cheaply. Just mark my words the longer the share is locked and accumulated at this range the more forceful will be the upward surge later when most of the short term layers are weeded out. If you are treating this "institutional"stock for the short term , then keep away from the big boys.
Thanks Savvysamyeo,
thansk for the education. But what I do not understand is,..why a sudden surge in sell down (by the millions!),.. when the AGM is just a few days away. I jump in to buy - can't control my impulse - and that on hind sight, I wonder if today's high volume should be view as postive or negative ??
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Well, if I am a big investor I will be taking position at this price now in the market. That it will be 6c a share nett is a sure thing, 1 million share equals $60000 cash immediately! If I have $10 million to invest I will buy 25million shares and net $1.5 million cash all in slightly over 2 months. Hey this is only a sweetener I am expecting more exciting announcement and Q & A s at the AGM and if by the end of the year K1 becames 50c I will have another 25% capital gains! I can keep on dreaming and comest the25th Wed. if I am a fund investor I will wring as much juice as I can from K1 to buy it cheap. Dose it enlighten you?
Hi,
can anybody please comment about K1's action today ? Sudden volume increases and bulk lots change hands. Prices was pushed up and then fall back. What's going on ??
Thanks,
hmmm... interesting for it to be moving so soon...... thought it will move closer to the AGM....... still have vested interest at 345c.
K1 Venture moving now.
K1 AGM will be held on 31Oct. Capital reduction of $0.06 per share is an item for approval. Expect announcement of book closure shortly after that. Expect to see movement of share price soon.
Does anyone know when is K1 holding its AGM? I think it is likely to announce book closure date for the capital reduction at or close to that date. Waiting for that announcement to bring K1 to $0.43.
expect big movement soon.
Long, long cheogg.. kaki lan lehh how to move, c c and look look who break d law, sure kena one, been on the law job too long, hard to ajust to real $$$ life and ppl oso scare scare.
100 lots can not move thing, this one is too heavy a weight to move, 6 cents maybe coming "akan datang", a few more day is Oct 2006 liao, then Nov06, see the $$$, jus my guess hohh...
wah lan. wante dto sell at 40.5 cent but never expect to rise so much today.. knn wake up liao drop back to 39.5
Wow, I salute Mr. Yong for moving K1 up to 40.5c. So many people tried to move it up but cannot. He really got power!!
With such a powerful and experienced person on board, K1 looks set to strengthen their fundamentals.
No wonder this counter is setting off..
Cheers.
Ex-chief justice Yong Pung How has been appointed an independent director. Previous corporate experience: headed Governemnt of Singapore Investment Corp, MD of MAS, and chairman and CEO of OCBC.
As announced in ST, ex-chief justice gone on board!!! So quite safe
with law & order inside.