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These burger has greater potential as it has export market and also the OEM of puma.
These burger will Fly :) Better than lousy China Hongx in long term.
Hey dealer0168
Thanks !!!....will look in more details.....
dealer0168 ( Date: 01-Jul-2009 15:15) Posted:
Sorry the previous info is abit messy, badly paste. See this one instead:
Based on the current issued and paid-up share capital of HK$26,948,000. comprising 673,700,000 Shares, with an issue price of S$0.10 for each Rights Share and assuming that the Rights Issue is fully subscribed, the Company expects to raise approximately S$16.2 million in net proceeds from the Rights Issue (after deducting expenses of approximately S$0.6 million). The net proceeds from the Rights Issue will be used for future expansion and general working capital purposes of which a majority will be
injected as capital into the Company’s wholly-owned subsidiary in China, Yeli Sports (China) Co., Ltd (“Yeli China”). Yeli China is a wholly-owned foreign entity and would be entitled to tax exemption subject to capital contribution being completed. Yeli China will use the injected capital for upgrading and expansion of distribution network, advertising and promotional expenses.
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we are grabbing them by the balls now :)
Hi Bintang
Thanks for the info. Beside using RSI for overbought or oversold indication. I use it to detect divergence (not that good). MACD and MACD histogram are my primary indicator (so far so sign of negative divergence) but my main interest is Elliott wave analysis.
Bintang ( Date: 01-Jul-2009 15:24) Posted:
| Hi pilotfish , the daily RSI is at 41 which is consider weak for the counter , any stronger counter must at least has its RSI above 45 . |
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Hi pilotfish , the daily RSI is at 41 which is consider weak for the counter , any stronger counter must at least has its RSI above 45 .
Hi Bintang
Sorry have your name type wrongly.
Just inspect the RSI indicator. If the indicator maintains its position. A positive divergence is noted.
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Not an inducement to trade...
pilotfish ( Date: 01-Jul-2009 15:03) Posted:
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Hi Bitang,
Can post the updated chart regarding ADX.
Bintang ( Date: 01-Jul-2009 14:44) Posted:
| The ADX is turning down , so is the RSI , correction will be continued , down side target will be 13 cents . |
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Sorry pilotfish , I m still learning how to post a chart , but the ADX which is the indicator of the direction of the price movement is showing downward , so I have to tell the true to the investors , unless the price turns and crosses 17 cents , then it will be a different story .
Sorry the previous info is abit messy, badly paste. See this one instead:
Based on the current issued and paid-up share capital of HK$26,948,000. comprising 673,700,000 Shares, with an issue price of S$0.10 for each Rights Share and assuming that the Rights Issue is fully subscribed, the Company expects to raise approximately S$16.2 million in net proceeds from the Rights Issue (after deducting expenses of approximately S$0.6 million). The net proceeds from the Rights Issue will be used for future expansion and general working capital purposes of which a majority will be
injected as capital into the Company’s wholly-owned subsidiary in China, Yeli Sports (China) Co., Ltd (“Yeli China”). Yeli China is a wholly-owned foreign entity and would be entitled to tax exemption subject to capital contribution being completed. Yeli China will use the injected capital for upgrading and expansion of distribution network, advertising and promotional expenses.
Actually this baby financially is ok. And according to the news, the RIGHTs thing is mean for their expansion. If view positively, can be vest. (My opinion)
Read from below:
Based on the current issued and paid-up share capital of HK$26,948,000. comprising
673,700,000 Shares, with an issue price of S$0.10 for each Rights Share and assuming
that the Rights Issue is fully subscribed, the Company expects to raise approximately
S$16.2 million in net proceeds from the Rights Issue (after deducting expenses of
approximately S$0.6 million). The net proceeds from the Rights Issue will be used for
future expansion and general working capital purposes of which a majority will be
injected as capital into the Company’s wholly-owned subsidiary in China, Yeli Sports
(China) Co., Ltd (“
entitled to tax exemption subject to capital contribution being completed. Yeli China will
use the injected capital for upgrading and expansion of distribution network, advertising
and promotional expenses.
Yeli China”). Yeli China is a wholly-owned foreign entity and would beAndrew ( Date: 01-Jul-2009 14:57) Posted:
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NTA = 27Scts. Cash = 712M RMB. Short term debt = 39M RMB.
Wonder why they need raise cash at 10cts per share ??
If correct for the rights effect....the 15cts stock become 14cts....
dealer0168 ( Date: 01-Jul-2009 14:34) Posted:
 good, keep up the good work newtothis.
PUSH it up.
In actual this China Sport is quite a not bad company also lah.
Can vest in it. |
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Hi Bitang,
Can post the updated chart regarding ADX.
Bintang ( Date: 01-Jul-2009 14:44) Posted:
| The ADX is turning down , so is the RSI , correction will be continued , down side target will be 13 cents . |
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Not likely to touch 13 cents. (wave characteristic unless some contra players exiting).
Unlikely to touch 16 cents as well, buy presure is not strong....
newtothis ( Date: 01-Jul-2009 14:47) Posted:
Not gonna happen
Bintang ( Date: 01-Jul-2009 14:44) Posted:
| The ADX is turning down , so is the RSI , correction will be continued , down side target will be 13 cents . |
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NTA = 27Scts. Cash = 712M RMB. Short term debt = 39M RMB.
Wonder why they need raise cash at 10cts per share ??
If correct for the rights effect....the 15cts stock become 14cts....
dealer0168 ( Date: 01-Jul-2009 14:34) Posted:
good, keep up the good work newtothis.
PUSH it up.
In actual this China Sport is quite a not bad company also lah.
Can vest in it. |
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Not gonna happen
Bintang ( Date: 01-Jul-2009 14:44) Posted:
| The ADX is turning down , so is the RSI , correction will be continued , down side target will be 13 cents . |
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The ADX is turning down , so is the RSI , correction will be continued , down side target will be 13 cents .
good, keep up the good work newtothis.
PUSH it up.
In actual this China Sport is quite a not bad company also lah.
Can vest in it.
These shorters gonna pay a very high price. You watch
naaa we just got some group of shorters and we are gonna kick thier ass :)
even if what you say is true, i doubt it'll touch .16 today due to the lacklustre performance of the dow and the direction-less STI.
Maybe tomorrow.
newtothis ( Date: 01-Jul-2009 14:25) Posted:
Gonna kill those shorters :) Those shorters think that DJ drop and they wanna short this burger down but BB is holding it... and slowly eating up. |
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You are kidding. Won't touch 0.60 today.
newtothis ( Date: 01-Jul-2009 13:22) Posted:
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Gonna kill those shorters :) Those shorters think that DJ drop and they wanna short this burger down but BB is holding it... and slowly eating up.
