Fung Choi Media   

Fung Choi

takeover limit is 30% stake in the company?

 

It is going to cross the limit for takeover.

Substantial shareholder, Fraser and Neave Ltd increased its stake in Fung Choi Media Group from 27.48% to 29.48% through agreement with White Hoise Industrial Ltd to purchase 14,502,800 shares.

 

I wonder why people just guessed about the movement on this stock ! When I was in Nanjing last year, their printing poster is all over the skyscrapper. Full big poster for their client. their company is expanding.  Is it they expand or  acquired of other company ! I think  only because if you go China, you will see their product everywhere stated printed by FungChoi (in Chinese) ! Good Company !

 

Maybe F&N is going to mount a takover bid for Fung Choi?

 

I don't use moving averages because they are lagging indicators.

I have found Accumulation/Distribution and Chaikin to be leading indicators.

 

hmmmm but the moving average seems to be on uptrend ... hah sorry im a TA newb

 

From TA charts, it looks to be downtrending

 

why F&N buy so much Fung Choi shares... it just increase its stake to 29.48%...

 

F&N has spent $12.07 mln to raise its stake in Fung Choi to 27.48%from 25%. It said it bought 18 mln additional Fung Choi shares in the open market.

 

hmmmm... anyone can explain why the price of the stock is going up?

 

Notradamus was absolutely rite. Too many new shares took their toll right at opening.

 

The lowest was 0.51, estimate settle price went up around 50%. can still buy.

 

1Q Results just came out ... wonder how it will affect share prices tomorrow..

 

 

There are 237.08m new shares arising from conversion of convertible preference shares. With this many new shares, the price would be dampened.

 

hmmmm i not very sure le..

anyway I bought fung choi at 0.605 hoping it can go to 0.7 at least..

 

No, I think they (the directors of this company FreXX where Fung Choi acquired their comapny) already bought in or been pay this share 0.652c of 2millions plus share as average, thus their holding price of purchase is 0.652 (ordinary share). This is to show market confident that the directors from this company they buy or acquisation is holding the Fung Choi share with confident. But now seems everyone is taking profit, I might want to let go at 0.625 as I bought at 0.58 (20 lots), already profit for me ! What do you think ?

 

So their share is converted to ordinary share once the share price reach 0.652??

 

I saw the Fredo group of people (directors) paying for around 0.652 average and their shares is converted to ordinary Fung Choi shares now and approved. Thus I set my target to get out at 0.65 !

 

hahah all the best!

Anyway what do you think is the target price for Fung Choi?

 

Hi,

As I told all that this is a very strong client base in China, thus for the last whole week the share with CD, is down to 0.54, is a good chance to enter. I prepared to take profit at 0.65 today ! Wish me luck that it hit my target ! Good Luck.