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(Post 1 of 65) 10/01/1999.10:35:00 |
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Nam Lee Pressed Metal launches IPO of 47.50 mln shares at 0.42 sgd each SINGAPORE (AFX-ASIA) - Nam Lee Pressed Metal Pte Ltd said its has launched an initial public offering of 47.50 mln shares at 0.42 sgd each. The issue comprises 38 mln new shares and 9.50 mln vendor shares. Of the total offer, 12 mln will be offered to the public, 30.75 mln shares will be placed and 4.75 mln reserved for employees and business associates. The company has forecast net profit of 5.60 mln sgd on turnover of 59.10 mln sgd in the year to Sept 1999. The offer, which represents about 25.50 pct of the company's enlarged share capital, will raise net proceeds of about 14.90 mln sgd. About 10 mln sgd will be used to finance expansion, 2.0 mln sgd will be used to repay bank loans and the balance will be used for general working capital. The offer closes on Oct 12 and trading is expected to begin on Oct 14. dmb/jb/mb AFN |
| (Post 2 of 65) 10/13/1999.02:32:00 |
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Nam Lee IPO public tranche 45.6 times subscribed SINGAPORE (AFX-ASIA) - Nam Lee Pressed Metal Industries Ltd said the public tranche of its initial public offer was 45.6 times subscribed at its close today. Nam Lee's IPO of 47.5 mln shares at 0.42 sgd each comprised a public tranche of 12 mln shares, a placement tranche of 30.75 mln shares and a reserved tranche of 4.75 mln shares. Nam Lee is an engineering company dealing in steel and aluminium products. ah/nt AFN HUB48-12Oct99 10:51 GMT AFX ; ASIA ; |
| (Post 3 of 65) 10/14/1999.11:55:00 |
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STOCKWATCH: Nam Lee slightly higher vs IPO price on listing SINGAPORE (AFX-ASIA) - Nam Lee Pressed Metal Industries Ltd shares were slightly higher than their initial public offer price on listing, reflecting subdued market sentiment and unspectacular growth prospects, dealers said. At 11:34 am, Nam Lee was trading at 0.45 sgd, compared with an IPO price of 0.42, on volume of 17.5 mln shares. The Straits Times index was up 8.43 points at 2,103.40. Nam Lee offered 47.5 mln shares, including 9.5 mln vendor shares, in its IPO. The offer included 12 mln public offer shares, 30.75 mln placement shares and 4.75 mln reserved shares. The company forecast year to September 1999 earnings of 5.6 mln sgd on turnover of 59.1 mln for a price earnings ratio of 11.1 times. An analyst with a local brokerage said the current price is "about right for this company." "I don't think it can go beyond 0.50 sgd in the short term," he said. Nam Lee's closest listed business competitor Compact Metal Industries is trading around 0.40 sgd for a P/E ratio of around 28 times. "I think in the longer term Nam Lee is a better bet than Comapct" due to its higher margins, the analyst said. He agreed Nam Lee does not have exciting growth prospects, although it has had respectable growth over the last five years. "The key word for Nam Lee is stability," he said. The company makes metal products used in Housing Development Board Housing projects and refrigeration unit frames used in shipping containers. Nam Lee is expanding into the HDB upgrading market, retail and the private development market. The analyst said the private market works very differently than the HDB market, where manufacturers get products approved by the HDB for use by building contractors, adding this might hamper the company's expansion into this market. The analyst said he recommended a stag on the IPO issue and sees Nam Lee as "a hold at best." |
| (Post 4 of 65) 12/15/1999.09:13:00 |
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Nam Lee Pressed Metal yr to Sept net profit 6.38 mln sgd vs 5.24 mln Nam Lee Pressed Metal year to September results: Net profit - 6.38 mln sgd vs 5.24 mln Sales - 63.20 mln sgd vs 54.42 mln Pretax profit - 8.52 mln sgd vs 7.02 mln Final div - 0.30 cents vs nil EPS - 4.50 cents vs 3.70 The company said it expects to maintain margins at current levels in the current year even though labour costs are expected to rise due to the increase in the employers' contribution to the Central Provident Fund to 12 pct from 10 pct in April 2000. It said it should be able to reduce costs of its aluminum products as production volumes increase. Barring unforeseen events, it said profitability should remain stable. |
| (Post 5 of 65) 01/04/2000.19:59:00 |
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NAMLEE PRESSED METAL 1st Jan 2000  FUNDAMENTALS: Nam Lee is a one stop engineering specialist and they provide vertically-integrated in house services likes development of customers' concepts into final designs. They also manufacture of tools and dies for metal stamping, metal fabrication. Their main customers are building contractors involved in HDB housing projects. Thus, the measures to reduce the CPF housing grant for resale flats buyers to S$30000 in October 1999 and the rising prices of HDB resale flats will couple to bring about an increase in the demand for new HDB flats. This increase for new flats will bring about more business for Nam Lee. TECHNICALS: There is a clear resistance line at $0.425 which the counter has since breached. This is indicated by a X on the P&F chart shown above. This line then forms the support and the next resistance line is $0.48. In the short term, the counter will test and most probably breach this resistance. This is shown by an upturn in the RSI. Looking at the MACD's most recent divergence, Nam Lee has the potential to hit $0.65-0.70 before the end of January 2000. RECOMMENDATION: Strong Buy |
| (Post 6 of 65) 01/04/2000.22:00:00 |
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Tesla, your chart got no price axis, very difficult to read leh... :) |
| (Post 7 of 65) 01/04/2000.22:02:00 |
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sorry, my mistake. did not notice that the chart is much larger then my screen... |
| (Post 8 of 65) 01/12/2000.17:36:00 |
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This stock is under accumulation , watchout for its volume. Good interim results coming out. Tgt near 0.63 cts |
| (Post 9 of 65) 02/12/2000.12:05:00 |
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I agree that Nam Lee is a good fundamentally sound company to invest in. But I think that it's price will dip some more, back to the 0.4 level to form a double W bottom. Then it will surge upward once more. TA analysis shows that the RSI is bearish, volume is low for the price increase. We should wait 2 weeks more. |
| (Post 10 of 65) 03/14/2000.04:43:00 |
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Nam Lee Pressed Metal customer placed under interim judicial management Nam Lee Pressed Metal Industries Ltd said one of its customers, Tong Tien See Construction Pte Ltd, has been placed under interim judicial management. The company has on-site equipment worth about 3.8 mln sgd, Nam Lee's managing director Yong Kin Sen said in a statement. "The amount that may have to be written off in the profit and loss account will depend on the amount to be recovered," Yong said, adding that a retention sum of about 1.58 mln sgd is due to the company from Tong Tien See. "This retention sum has not been recorded as revenue and will not have an impact on the current year profit," Yong added. |
| (Post 11 of 65) 05/15/2000.16:43:00 |
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SINGAPORE: Nam Lee Pressed Metal Industries rumored to be close to clinching contract worth more than S$10 million to supply metal doors to new Housing & Development Board flats. Stock untraded at 28.5 Singapore cents amid cautious market mood.(Dow Jones) |
| (Post 12 of 65) 06/08/2000.20:30:00 |
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Finally, it is moving! Hurray! |
| (Post 13 of 65) 06/08/2000.20:37:00 |
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tany watch out construction company project may end up more losses in future look at BBR |
| (Post 14 of 65) 06/08/2000.20:41:00 |
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Oklah Thanks for your advice... Is short term alright? I am planning to sell once I earn some profit, bought at $0.32, 4 lots. With the current market sentiment, no heart to hold for long :( |
| (Post 15 of 65) 06/08/2000.20:44:00 |
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tany short term rotational play is OK if you have the time and energy to monitor real closely |
| (Post 16 of 65) 06/09/2000.01:33:00 |
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Nam Lee has started to move up with a spike today. It has suffered together with other construction companies and even got hit with the recent Tong Tien See collapse to a tune of nearly $10 million(maximum). Nam Lee's price has similarly collapsed because investors are expecting that this could wipe out the company's profits for the whole year! The real extent of damage will be clearer with the Half Yearly financial report due to be released this month. Meanwhile, the recent price recovery may be telling us that the damage may not be as bad as it appears. Also Nam Lee is not the usual construction company because it's business as the largest supplier of metal window/door frames and letterboxes etc to HDB is very stable inspite of the contruction slowdown. Just the HDB upgrading programme alone will give them lots of steady and lucrative business. So monitor the half-yearly results and we may discover a underpriced GEM!! |
| (Post 17 of 65) 06/10/2000.01:48:00 |
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Christie... Tong Tien See under liquidation..no impact on its financials...unbelievable!!! Go to SES site, see BBR announcement..thanks. |
| (Post 18 of 65) 06/13/2000.22:08:00 |
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*sigh* Nam Lee just announced worse 1H profits. And I hate this Tong Tien See! It caused bad debts in 3 companies that matters to me -BBR, Econ and Nam Lee! |
| (Post 19 of 65) 06/14/2000.02:29:00 |
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Nam Lee Pressed Metal H1 to March net profit 2.09 mln sgd vs 3.33 SINGAPORE (AFX-ASIA) - Nam Lee Pressed Metal Industries six months to March results: Net profit - 2.09 mln sgd vs 3.33 mln Pretax profit - 2.84 mln sgd vs 4.43 mln Revenue - 25.7 mln sgd vs 29.0 mln EPS - 1.14 cents vs 2.38 Looking ahead, the company said it expects profitability to remain stable in the second half. While its retail operation for metal home furnishing products will be in full swing in the second half due to competitive conditions, this is not expected to have any significant impact on earnings, it said. The company said it expects to maintain its operating margin with the introduction of cost reduction and productivity programs. The company did not declare any dividend. bur/zr |
| (Post 20 of 65) 06/14/2000.15:57:00 |
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razor tong tien si is a victim itself it suffers even more by the way tien si means angel |
| (Post 21 of 65) 06/22/2000.00:50:00 |
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Nam Lee has clarified that the $3.8 million write-off in its recent 1st-half results will fully clear it's total bad-debt exposure arising from Tong Tien Si's liquidation ie all loses from Tong Tien Si is now fully writen off. This is very encouraging news because people and the press were expecting Nam Lee to incur up to $10 million bad-debts from Tong Tien Si. With this fully cleared, Nam Lee should resume its profit trend and perform much better in the 2nd half! Without the Tong Tien Si dark cloud hanging over its head, Nam Lee now looks underpriced and should be a good Buy! Good Luck, Christie. |
| (Post 22 of 65) 06/22/2000.05:07:00 |
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FURTHER INFORMATION - HALF YEAR FINANCIAL STATEMENT ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2000 ("HALF YEAR RESULTS") Further to its announcement on the half year results dated 13 June 2000, the Board of Directors of Nam Lee Pressed Metal Industries Limited would like to furnish the following additional information: Commentary on review of the performance of the company and its principal subsidiaries. In the announcement made on 13 June 2000 in respect of the Half Year Results, it was stated "The decrease in Group operating profit before tax is contributed mainly by the write off of S$3.8 million of inventory as a result of a customer, Tong Tien See Construction Pte Ltd being put into liquidation". We would like to clarify that the $3.8 million inventory represents the cost of stock on site written-off and represents the full exposure from the liquidation of Tong Tien See Construction Pte Ltd. Assuming no write-off of inventory, operating profit before interest, depreciation and tax will be S$7.7 million. This is despite the fact that turnover decreased by 11.2% compared to the same period in the previous year due to decrease turnover for Mild Steel and Stainless Steel product line mitigated by an increase in Aluminium product line turnover. The factors contributing to an increase in operating profit before interest, depreciation and tax are due to product mix, higher profit margin from Aluminium product line together with savings from cost reduction and productivity programmes introduced. Submitted by Yong Kin Sen, Managing Director on 21 June 2000 to the SGX |
| (Post 23 of 65) 12/14/2000.22:24:35 |
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Nam Lee Pressed Metal full year to Sept net profit 5.22 mln sgd vs 6.38
SINGAPORE (AFX-ASIA) - Nam Lee Pressed Metal Industries Ltd full year to September results: Net profit - 5.22 mln sgd vs 6.38 mln Sales - 51.22 mln sgd vs 63.20 mln Opg profit - 7.28 mln sgd vs 8.52 mln EPS - 2.8 cents vs 4.5 cents Dividend - 0.5 cents vs 0.3 The group expects intense competition and continued downward pressure on the selling price on building material products. However, it said, the group expects to remain profitable. |
| (Post 24 of 65) 12/18/2000.23:33:55 |
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FURTHER INFORMATION - FULL YEAR FINANCIAL STATEMENT ANNOUNCEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2000 ("FULL YEAR RESULTS")
Further to its announcement on the full year results dated 13 December 2000, the Board of Directors of Nam Lee Pressed Metal Industries Limited ("the Company") would like to furnish the following revised review of performance: Group turnover in 2000 decreased by 19.0% to S$51.2 million as compared to S$63.2 million in the previous year. This was mainly attributable to the decrease in turnover as a result of stiffer competition coupled with the current recessionary condition that is being experienced in the construction industry. This is reflected in a 33% decrease in turnover for mild steel products and a 50% decrease in demand for stainless steel products. Group operating profit after tax decreased by 18.1% from S$6.4 million to S$5.2 million. Competition and recessionary conditions reduced the margins on mild steel products by 47% whilst the stainless steel line suffered an operating profit after tax decrease of 76.5%. These decreases were mitigated by a 33% increase in contributions at group level from the aluminium product line, which benefited from the relocation of this production line from Singapore to Malaysia during the year. The change in the product mix for the aluminium product line coupled with lower production costs and economies of scale enjoyed at the Malaysian plant, contributed to the increase in profit margins for the aluminium product line thereby, alleviating the impact of the drastic reduction in contributions from the mild steel and stainless steel product lines. In the first half of the year, the Group wrote-off $3.8 million of cost in stock on site as a result of a customer, Tong Tien See Construction Pte Ltd being put into liquidation. Submitted by Yong Kin Sen, Managing Director on 18/12/2000 |
| (Post 25 of 65) 12/20/2000.18:08:33 |
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Research reproduced with permission from DMG
Tough Year Ahead - Turnover declined 19% due to stiff competition and shrinkage of the construction industry in the last financial year. Net profit declined 18% to S$5.2m, in line with the lower sales. The bright spot is that both EBITDA and EBIT margins have improved to 18% and 14% respectively due to better product mix and cost efficiency. - Going forward, management expects intense competition and price pressure to continue. The Group does not expect any significant improvement in the construction industry in the current financial year. Share price is currently trading at historical PE of 9.3x. Maintain HOLD. |
| (Post 26 of 65) 12/11/2001.11:04:34 |
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Reproduced with permission from Phillip Sec
11 Dec 01 Nam Lee - Reported a 9.2% decrease in turnover Nam Lee Pressed Metal Industries Ltd reported a 9.2% decrease in turnover to S$46.5m in FY01 due to the unexpected severity of the economic downturn, especially in the mild steel product segment whereby supplies such as door frames, mild steel gates and civil defense shelter doors for new HDB construction projects diminished substantially. In tandem, net profit declined by 33.7% to S$3.5m. The decline in profit was also due to adverse trading conditions resulting in downward pressure on margins for mild steel and aluminium products such as, mild steel gates, civil defense shelter doors, aluminium letter-boxes and aluminium frames. There was however an increased contribution from stainless steel products due to the introduction of these products to a wider range of public and private construction projects. The Group is re-aligning its resources to focus on new areas for growth through re-development of in-house resources and cost reduction programmes to improve its competitive edge in the years ahead. To reduce the Group's dependence on new HDB building programme, the Group is developing new market for its products in HDB upgrading programme for old flats, public projects and industrial buildings. Barring unforeseen circumstances, the Directors expect to remain profitable. |
| (Post 27 of 65) 02/15/2002.16:02:31 |
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Notice Of Annual General Meeting
NOTICE IS HEREBY GIVEN that the Annual General Meeting of Nam Lee Pressed Metal Industries Limited ("the Company") will be held at 31 Senoko Drive, Senoko Industrial Estate, Singapore 758216 on 28 February 2002 at 9.30 a.m. for the following purposes: AS ORDINARY BUSINESS 1. To receive and adopt the Directors' Report and Audited Accounts of the Company for the year ended 30 September 2001 together with the Auditors' Report thereon. (Resolution 1) 2. To declare a final dividend of 0.7 cent per ordinary share (7%) less income tax for the year ended 30 September 2001. (previous year: 0.5 cent per ordinary share (5%) less income tax) (Resolution 2) 3. To re-elect Mr Khoo Ho Tong as Director pursuant to Article 104 of the Company's Articles of Association. (Resolution 3) Mr Khoo will, upon re-election as a Director of the Company, remain as a member of the Audit Committee and will be considered independent for the purposes of Clause 902(4)(a) of Listing Manual of the Singapore Exchange Securities Trading Limited. 4. To pass the following resolution pursuant to Section 153(6) of the Companies Act, Cap. 50: "That pursuant to Section 153(6) of the Companies Act, Cap. 50, Mr Lim Ho Hup be re-appointed as Director of the Company to hold office until the next Annual General Meeting." [see Explanatory Note(i)] (Resolution 4) 5. To approve the payment of Directors' fees of $54,000 for each of the financial years ended 30 September 2001 and 30 September 2002 to be paid quarterly. (previous year: S$54,000 for each of the financial years ended 30 September 2000 and 30 September 2001 paid quarterly). (Resolution 5) 6. To re-appoint Messrs Ernst & Young as the Company's Auditors and to authorise the Directors to fix their remuneration. (Resolution 6) 7. To transact any other ordinary business which may properly be transacted at an Annual General Meeting. AS SPECIAL BUSINESS To consider and if thought fit, to pass the following resolution as Ordinary Resolution, with or without any modifications: 8. Authority to allot and issue shares up to 50 per centum (50%) of issued capital That pursuant to Section 161 of the Companies Act, Cap. 50 and Clause 941(3)(b) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Directors be and are hereby empowered to allot and issue shares in the share capital of the Company at any time and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit provided that the aggregate number of shares to be allotted and issued pursuant to this Resolution shall not exceed Fifty per centum (50%) of the issued share capital of the Company for the time being, of which the aggregate number of shares to be issued other than on a pro rata basis to all shareholders of the Company shall not exceed twenty per centum (20%) of the existing issued share capital of the Company and that such authority shall, unless revoked or varied by the Company in general meeting, continue in force until the conclusion of the Company's next Annual General Meeting. [See Explanatory Note (ii)] (Resolution 7) By Order of the Board Shirley Lim Secretary Singapore, 8 February 2002 Explanatory Notes: (i) The effect of the Ordinary Resolution 4 proposed in item 4 above, is to re-appoint a director who is over 70 years of age. Section 153(6) of the Act provides that this resolution has to be passed by a majority of three-fourths of shareholders voting at the Annual General Meeting of the Company. (ii) The Ordinary Resolution 7 proposed in item 8 above, if passed, will empower the Directors from the date of the above Meeting until the date of the next Annual General Meeting, to allot and issue shares in the Company. The number of shares which the Directors may allot and issue under this Resolution would not exceed fifty per centum (50%) of the issued share capital of the Company for the time being. For issues of shares other than on a pro rata basis to all shareholders, the aggregate number of shares to be issued shall not exceed twenty per centum (20%) of the existing issued share capital of the Company. Notes: 1. A Member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote instead of him/her/it. A proxy need not be a Member of the Company. 2. If the appointor is a corporation, the instrument appointing a proxy must be executed under seal or the hand of its duly authorised officer or attorney. 3. The instrument appointing a proxy must be deposited at the Registered Office of the Company at 31 Senoko Drive, Senoko Industrial Estate, Singapore 758216 not less than forty-eight (48) hours before the time for holding the meeting. Submitted by Shirley Lim, Company Secretary on 15/02/2002 to the SGX |
| (Post 28 of 65) 02/20/2002.17:01:40 |
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NAM LEE PRESSED METAL INDUSTRIES LTD
ADDITIONAL INFORMATION IN RESPECT OF ANNUAL REPORT 2001 20 February 2002 The Listings Manager Singapore Exchange Securities Trading Limited 2 Shenton Way #19-00 SGX Centre 1 Singapore 068804 Attention: Ms Siew Wun Mui Dear Sirs ADDITIONAL INFORMATION IN RESPECT OF ANNUAL REPORT 2001 We refer to the SGX's letter in respect of the Annual Report 2001 in comparison with the Company's Full Year Results Announcement released on 8 December 2001, and would like to furnish the following additional information: Current Year Prospects In the announcement made on 8 December 2001 in respect of the Full Year Results, it was stated "Barring unforseen circumstances and no change in the economic condition, the Directors expect the Group to remain profitable." In Page 4 of Annual Report 2001, no prospect statement was made on the Group's profitability for the current financial year. We would like to confirm that the Directors still hold the view that the Company will remain profitable in this current financial year. Yours faithfully Yong Kin Sen Managing Director Submitted by Yong Kin Sen, Managing Director on 20/02/2002 to the SGX |
| (Post 29 of 65) 02/28/2002.16:38:06 |
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NAM LEE PRESSED METAL INDUSTRIES LTD
ANNUAL GENERAL MEETING The Directors of Nam Lee Pressed Metal Industries Ltd ("the Company") are pleased to announce that at the Annual General Meeting of the Company held on 28 February 2002, all resolutions relating to matters set out in the Notice of the meeting was duly passed. By Order of the Board NAM LEE PRESSED METAL INDUSTRIES LTD Submitted by Yong Kin Sen, Managing Director on 28/02/2002 to the SGX |
| (Post 30 of 65) 05/17/2002.18:13:34 |
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NAM LEE PRESSED METAL INDUSTRIES LTD
PROFIT WARNING The Board of Directors of Nam Lee Pressed Metal Industries Limited ("Nam Lee") wishes to refer to Nam Lee's announcement of the Group's results for the year ended 30 September 2001 released on 8 December 2001. In that announcement, the Directors were of the view that the Group would remain profitable for the current financial year (year ending 30 September 2002). However, in anticipation of lower turnover and significantly lower profits for the first half of FY2002, vis-à-vis the first half of the FY2001, the Directors deemed it appropriate to issue a profit warning. On behalf of the Board of Directors Yong Kin Sen Managing Director Submitted by Shirley Lim, Company Secretary on 17/05/2002 to the SGX |
| (Post 31 of 65) 05/20/2002.08:34:14 |
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NAM LEE PRESSED METAL INDUSTRIES LTD
CLARIFICATION ON PROFIT WARNING REPORT We refer to the Business Times' report of 18 May 2002 on the Company's profit warning announcement. The Directors would like to clarify that barring unforeseen circumstances, the Group is still expected to remain profitable in the current financial year. The results for the first-half ended 31 March 2002 when compared to the first-half in 2001, will be lower as disclosed in our announcement on 17 May 2002. The results for the first-half FY2002 is however better than the second-half FY2001 (6 months) By Order of the Board Yong Kin Sen Managing Director Submitted by Shirley Lim, Company Secretary on 20/5/2002 to the SGX |
| (Post 32 of 65) 10/15/2003.20:48:41 |
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Hi with government committed to spending $$$ on public construction, this counter may run? :  |
| (Post 33 of 65) 10/17/2003.12:33:58 |
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Anyone has followed this thread? Can rise higher??? |
| (Post 34 of 65) 10/17/2003.12:38:12 |
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This is what iOCBC said on 26/9/2003 about this counter :
Nam Lee Press Metal - Stock is still looking attractive despite yesterday's 4 cents gain. Potential for a move towards $0.54. |
| (Post 35 of 65) 10/17/2003.15:35:20 |
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Sr71: Thanks for the info. |
| (Post 36 of 65) 10/17/2003.15:38:51 |
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you are welcome ! |
| (Post 37 of 65) 10/20/2003.11:02:12 |
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Myellow,
If you are still around and holding this counter, following is what iOCBC says this morning : Quote Nam Lee Press Metal - We recommended the stock near $0.44, 3 weeks ago and projected a move towards $0.54. Stock had hit a high of $0.545 on Friday. Recommend exiting out of long positions. Unquote Good Luck ! |
| (Post 38 of 65) 10/20/2003.11:14:55 |
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Hi Sr 71: Really appreciate your update. Sold mine on Friday bught at 49.5. Kind regards. |
| (Post 39 of 65) 10/20/2003.11:19:55 |
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Myellow,
You are welcome ! Switching to something else ? |
| (Post 40 of 65) 10/20/2003.11:30:57 |
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Holding onto Raffles LaS, SGX, ASL and Medtec until end of month, looking at Want Want and Star Cruise. But I am a newbie here (2 months old) . |
| (Post 41 of 65) 10/20/2003.11:43:48 |
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Also have Clipsal inherited at 2.58, have been wll. But company going into promising joint venture and willbe reaping some reasonable proceeds from Aussie disposal. Yet price keeps diving. Have you got any vews on this counter, please? |
| (Post 42 of 65) 10/20/2003.11:44:21 |
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Myellow,
Don't worry, we are all learning here. I don't have these stocks mentioned. Counters that I am currently holding are : for trading : Europtronics, Brilliant, A-sonic, Achieva, Tye Soon, TT Int'l for longer-term :ASTI, Chuan Hup, TPV, Huan Hsin, Frontline, KLW Do you watch the market real-time ? I do (at least I try to do). Good luck ! |
| (Post 43 of 65) 10/20/2003.12:01:51 |
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Myellow,
I have not followed this counter for a long time. You bought them on 26 Aug 03 when it had a steep fall ? Have you found out why the sharp fall that day ? But I guess it should be OK if you are prepared to hold it for a while. What it produces are needed in all buildings and houses, either new build or renovation, so unless something is wrong within the company, the risk should be limited at this level. It's previous peak was 3.90 on 5 Sep 2000. |
| (Post 44 of 65) 10/20/2003.12:05:31 |
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Used to have TT Intl (bought at 29.5 on 9/9)and sold on 29/9 once price gone up to 36 after announcement of results.
I have a bad practice of not wanting to buy back sold counters at higher price (thereby missing out quite a bit on semcorp (sold at 1.3), unisteel(1.26) nol (1.92)). At the back of my mind is the reality of an impending correction, I'll exit with 10-15% profits each time. |
| (Post 45 of 65) 10/20/2003.12:16:50 |
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Sr71
Yes, my sis-in-law got Clipsal (and Kepland, nol)for me on 26/8, an induction to trading in local shares. I didn't ask any questions then and just gave my OK not knowing what these companies were doing. I didn't dare to ask her about the sharp drop in Clipsal,  as I made money from her other tips. She said, you made some and you lost some - no big deal.
I have followed her in a few others (autron, tt int'l, mfs) but have got out of all of them now. She is recommending ThaiVillage, but I don't see what's attractive in this.  |
| (Post 46 of 65) 10/20/2003.12:39:06 |
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Myellow.
It is not wrong to get out once you have 10% to 15% profit. In this volatile world where back news can come from any direction any time, a bird in the hand is a beter strategy especially if your objective is short-term trading. Forgive me being critical, you cannot trust any one in this game. Always do home work, not blind following. This is because different people recommend either buy or sell for different reasons. My experience with brokers is that they will ask you to sell as soon as the stock moves up (show correctness in judgement) and keep mum when the stock moves down (not to show judgement error and hope it recoevers by tomorrow). It makes no difference whether the broker is a novice or MD of a trading house. They want you to trade so that they earn an income, else they have to 'eat wind'. But doing nothing is sometimes not a bad thing to do. Therefore, although I listen a lot to brokers, I do my home work and make decision for myself. TA gives you an idea when to go in and get out, but fundamental study is equally important as it let you have a good knowledge of the counter you are going in or gfetting out. To me 'Tips' given by others is only the starting point to do home work, not the ending point to trade. Good luck ! |
| (Post 47 of 65) 10/20/2003.12:45:41 |
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Myellow,
Probably she recommends Thai Village beasd on China play. Thai has many shops in China. It had a sharp rise in both price (0.245 to 0.26) and volume on 16/10 but fell the next day back to 0.25 which is probably its current support level. I went into this counter two months ago, got greedy when it moved, did not take profit (about 7%) and ended up cutting it at a slight loss. |
| (Post 48 of 65) 10/20/2003.14:15:37 |
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Just came back from lunch with children, special school holidays.
Many thanks for sharing with me your views. In my first month of investment/trading, I just followed calls from my sis-in-law and didn't even bother to check the price movements, partly not having time and partly didn't understand anyway. Only a month ago I have started an interest to learn more and am observing more and have a "practice" portfolio, ie, testing my own observations without actual transactions. This portfolio makes good yields. I'm less bold with my cash portfolio, which is doing so-so, with some paper gains. |
| (Post 49 of 65) 10/20/2003.14:25:39 |
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Myellow,
Good ! Find time to do home work. I normally do my home work between mid-night and 1 am - the only slot in the day where I am totally not distrubed. I read all broking houses' reports that I received during the day through e-mails and study charts of counters that I have an interest in. One good place to learn is the home page of zero-one in SI. He is a very fast trader. So fast that it is impossible to follow but, it is very enlightening to use counters he trades as the starting point to learn how to interpret charts, especially intra-day/day charts. Very educational. |
| (Post 50 of 65) 10/20/2003.14:31:10 |
| Author : |
Sr71
May I trouble you with one more question please, with regard to Clipsal's script dividend scheme. I'm offered 280 shares, in lieu of dividend payment of $600. If the price remains at around $2.3, it makes sense to opt for the scripts? Does it also mean that I need to get some extra shars to round it off to at least 1000 shares? |
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