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I'm a newbie here. Thinking of buying ASA at the price of 0.155 or 0.150, should I? Does any1 have any comments? Please advise.
Drop 0.015. With alot in red. Let hope is not major correction/crash
Taking a breather. It went down because or recent market correction. With increased NTA and turn-around stock. It will cheong. The chart-moving average still looks good. No worry.
What happen it seems to be falling instead?
Book value per share has gone up. Now the stock is even more attractive at current Price/NTA of 0.37x.
Gain on disposal of Shanghai property about Sgp4c per share. Proceeds of disposal of =RMB110m, book value = RMB$45.38, Capital gain = RMB$64.62m. NTA increased from Sgp48.93c to Sgp52.96c. Hopefully, tomorrow the price may UP 4c.
http://info.sgx.com/webcorannc.nsf/d21c0ed0b4a507cf482571b2003641d2/5a7597e5d23652574825731500277666?OpenDocument
Could be force selling this morning. One trade of 3.9m and another 0.5m @ 19c. After the storm, upward momentum should resume...
Still waiting at 0.2 .. waiting for it to burst through the 0.220 limit and go up all the way...
Big boys waiting to buy at 0.20 and 0.205, indeed a very good friday morning.
Hi sohguanh and tuntan8888, appreciated your explanation. It helps, thanks again.
1234567: in more layman terms is small number of shares floating around at a cheap price means BB can easily manipulate the counter by blocking at buyer price to move it up inch by inch. the behavoir will be the share price will move up and down quite fast unlike some counters that neber seem to bulge from a share price.
Hi 1234567,
It is easy to seize control of ASA 'cos of the small mkt cap, & when that happens it becomes a cornered stock. No. of shares = 202m only, so at 20c, mkt cap = $40.4m only. I believe u will see renewal of top management very soon, they have not been performing for the past years.
Hi tuntan8888, what is cornered stock ?
Hi Vic,
U r very accurate, cornered stock. Moving now to 21c.
Good post. Vested
Hi Vic,
Many thks for your excellent analysis! Today ASA taking a breather, but will resume its upward momentum soon....
Many thks for your excellent analysis! Today ASA taking a breather, but will resume its upward momentum soon....
Hi Vic, hav been following yr posts......
me vested in ASA....thank you!
S'porean major shareholders moving in, soon there will be top management overhaul. Though making losses due to once-off write off of stocks. Solid NTA = 48c. Price just started to move now. Strong upside potential to 29c.! Catch it while u can !
http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/9814dbda3f9aba0b482572fa0023d40f?OpenDocument