Asiatic    Last:0.003   -

Hidden Gem

Terence, any news/corporate action ? ..... 600K at last minute to single buyer and 3 more big ones in single trade in the day. Price stable.. any chance to break out soon like last year...

 

Thanks, good news.. If i read your post early, i will accumualte another 100lots on thursday.

 

Asiatic signs MOU with Lao Cai Mineral Co. for Hydropower plant in Vietnam.

http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/6859a1c08718028148257457003bc19c?OpenDocument

 

Growth in energy sector is expected to be good. If every year can repeat such growth in revenue and profit, it will be a different baby in few years.

 

Very strong today. Congrats to all who stuck with this company for a long time. Looking at a much brighter future.

 

Wow!!! Profit and dividend ahead of my expectations. Cheers

 

Cheers !!! $7500 dividends  for a million shares ?

 

MEDIA RELEASE

Asiatic Group records 90% growth in

FY08 PATMI to S$2.7 million on robust

energy demand

•

from power related businessRevenue up 67% to S$44 million on the back of increased contributions

• Proposed dividend of 0.75 Singapore cents per ordinary share

•

contribution from power related business in new financial year

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_884AC9E7CAC5C2E948257455003A2C2C/$file/Press_Release-Asiatic-FY08-results-Final.pdf?openelementRemains optimistic on regional energy sector and expects greater

 

Terence, thanks for the update. I am wondering how come so strong recently.

 

Gaining momentum, yesterday they announced that they secured financing for the additional $4.8 million project.

 

Cheers ! Working quietly to improve EVA. Let's see the returns  in 2-3yrs with the a million shares.

 

They secured another $4.8 million contracts to supply power in Cambodia. This is their 5th project.

 

Nowadays, coy record cards hv no more the prime mover for the coy's share prices, esp say profits lower as expected. Few cases so far, ppl got burnt, be it high div paid out. Henceforth, from now on we hv to acquaintant to the current mode of stock investment phenomena leow. AK observation only.

 

Terence,

Is your target of 13 cents deemed as low ?  I hope it can move higher, say, 20 cents.

 

 

Oh, good for you. Waiting for FY results due for release end of next month. Expecting at least the same performance as HY. My target is $0.13

 

Terence, any good news coming up ? i have loaded till a million shares.

 

Loaded another 50 lots here.

 

Note that SH exercise some warrants before selling them, to put it simple, he wants to sell part of his warrants, but the buy price for warrants is too low, so maybe he thought it is better to exercise the warrants before selling them.

This strategy might be good for him as he continues to be a substantial shareholder, while the exercise of warrants gives Co. additional funding for business growth. Maybe a kill two birds with one stone approach.

Recently secured additional $14 million project in Cambodia, heard they set up office in Vietnam, currently the fastest growing economy in Asia, wonder what they are up to?

Just my thought. F.Y.I, I am vested here.

 

I just read through the financial report of this coy. It seems to be good but just too bad the vol is so low. Maybe for long term is worth a look. Now it is super cheap. Yet the SH still sell off its stake to go even lower. It really a puzzle. Maybe wait and see what going on.~ This counter is only for long term investment.

 

Seems like Asiatic is now well recognised by the Cambodian Government.

Vested.