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hmphie Veteran	14-Dec-2013 12:43        hmphie About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	They might not have found a ready buyer for their stake in Blumont. Moreover QSL probably has a hand in deciding not to sell since she was vested too. jackson5      ( Date: 14-Dec-2013 11:07) Posted: I was at the last AGM, Mano told the CEO that it was time to sell all the stake that IPCO had in Blumont and cash out 500 millions , but Edward defended the management for doing such a great job that the share price has gone up by so much. IPCO did not sell any shares in Blumont. If the management did sell. they will have 500m in the coffer. Really a misfired.
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Bigmama Elite	14-Dec-2013 12:41        Bigmama About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not only misfired. That stray bullet when into the CEO head. jackson5      ( Date: 14-Dec-2013 11:07) Posted: I was at the last AGM, Mano told the CEO that it was time to sell all the stake that IPCO had in Blumont and cash out 500 millions , but Edward defended the management for doing such a great job that the share price has gone up by so much. IPCO did not sell any shares in Blumont. If the management did sell. they will have 500m in the coffer. Really a misfired.
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Bigmama Elite	14-Dec-2013 11:37        Bigmama About Contact  Quote this Post!
x 0   x 0  Alert Admin	Then Edward deserve it. Lol He also pee in pants now. Hope to see him at the agm. Mano should go there and say "told you so" in their face. Lol jackson5      ( Date: 14-Dec-2013 11:07) Posted: I was at the last AGM, Mano told the CEO that it was time to sell all the stake that IPCO had in Blumont and cash out 500 millions , but Edward defended the management for doing such a great job that the share price has gone up by so much. IPCO did not sell any shares in Blumont. If the management did sell. they will have 500m in the coffer. Really a misfired.
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nqing87 Supreme	14-Dec-2013 11:31        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	haha ya, im wondering if ipco actually think blumont can go even further up base on their lousy fundamendals which price is likely unsustainable? with the fair value gain now dissipated, really have to wait long long.. it will be a long wait as ipco gas business climbing up slowly in snail pace.. jackson5      ( Date: 14-Dec-2013 11:07) Posted: I was at the last AGM, Mano told the CEO that it was time to sell all the stake that IPCO had in Blumont and cash out 500 millions , but Edward defended the management for doing such a great job that the share price has gone up by so much. IPCO did not sell any shares in Blumont. If the management did sell. they will have 500m in the coffer. Really a misfired.
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jackson5 Master	14-Dec-2013 11:07        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I was at the last AGM, Mano told the CEO that it was time to sell all the stake that IPCO had in Blumont and cash out 500 millions , but Edward defended the management for doing such a great job that the share price has gone up by so much. IPCO did not sell any shares in Blumont. If the management did sell. they will have 500m in the coffer. Really a misfired.
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churnw Elite	14-Dec-2013 09:39        churnw About Contact  Quote this Post!
x 0   x 0  Alert Admin	They , shareholder will post if they sell away their holding . The price at most can go up to 0.02...
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Jackpot2010 Master	14-Dec-2013 09:36        Jackpot2010 About Contact  Quote this Post!
x 0   x 0  Alert Admin	During the last FY, some US$60m convertible loans were converted to ord shares, i.e. 2.978 billion new shares @ $0.02. Total shareholdings now = 5.1 billion, i.e no. of shares were doubled by convertible loans. Thereafter IPCO was pushed to a high of $0.047 by these people (I guess). By now, they probably off-loaded all of their converted shares to retail investors. Sifu ISO is probably a victim too. he keep collecting & said something big is coming, thus tp 5c, 10c etc but never elaborate further. On hindsight it is obvious that the convertible loan holders were perpetrators of " pump & dump" - 2.979 billion shares @ $0.02 conversion px could be easily off-loaded all the way up to $0.047.
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churnw Elite	14-Dec-2013 09:35        churnw About Contact  Quote this Post!
x 0   x 0  Alert Admin	Edward - small fishes , he owns almost 10% of ipco.
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Bigmama Elite	14-Dec-2013 09:20        Bigmama About Contact  Quote this Post!
x 0   x 0  Alert Admin	Now no one talk about Edward or dato anymore.....I already posed so many time that they are small fishes too....doesn't affect ipco price.
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guoyanyunyan Supreme	14-Dec-2013 08:53        guoyanyunyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	ref to NAV   31/10/13 = $0.03 (vs $0.08 on 30/4/2013) ...then range was ~$0.024 to $0.047 ie $0.08 * (0.3 to 0.6) ...so now range may be ~$0.009 to $0.018 ie $0.03 * (0.3 to 0.6) ...it's that simple... :-)
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Bluemanta Member	14-Dec-2013 08:53        Bluemanta About Contact  Quote this Post!
x 0   x 0  Alert Admin	Abt 8 mil revenue vs abt 10.3 mil expenses means 2.3 mil loss. Read the quarter results. NAV is not worth much if only losses r generated. Disregarding fair value gains, ipco has been making losses for quite a while now. Lucky03      ( Date: 14-Dec-2013 07:44) Posted: How do you arrive at that conclusion ? What are the numbers in the account that you are referring to ? Bluemanta      ( Date: 13-Dec-2013 23:53) Posted: even without considering the fair value loss of blumont n innopac, it's core businesses i.e. gas etc. are still making a loss based on the accounts...
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Bigmama Elite	14-Dec-2013 08:51        Bigmama About Contact  Quote this Post!
x 0   x 0  Alert Admin	My guess 50% of NAV Lucky03      ( Date: 14-Dec-2013 07:55) Posted: 40% of revised NAV of 3c is 1.2c. I've not been able to get IPCO at 1.5c so far. Perhaps I'll get them on Monday then. Bigmama      ( Date: 14-Dec-2013 07:45) Posted: How does people put their TP above NAV where ipco has never trade above NAV? Miss Rose.... Need to seriously revise your super high target. Need to reflect if your calculation is way way off. Need to be Honest with oneself. In fact ipco usually trade around 40% of NAV. I guess Sifu iso is peeing in his pants now.....he claims to own many thousand lots of ipco. Cult leader finally realise there is no such thing as UFO landing in bukit timah hill
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Lucky03 Elite	14-Dec-2013 07:55        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	40% of revised NAV of 3c is 1.2c. I've not been able to get IPCO at 1.5c so far. Perhaps I'll get them on Monday then. Bigmama      ( Date: 14-Dec-2013 07:45) Posted: How does people put their TP above NAV where ipco has never trade above NAV? Miss Rose.... Need to seriously revise your super high target. Need to reflect if your calculation is way way off. Need to be Honest with oneself. In fact ipco usually trade around 40% of NAV. I guess Sifu iso is peeing in his pants now.....he claims to own many thousand lots of ipco. Cult leader finally realise there is no such thing as UFO landing in bukit timah hill. Bigmama      ( Date: 14-Dec-2013 07:26) Posted: Like that ......... It is difficult to even see 2 cents for a long time.
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Bigmama Elite	14-Dec-2013 07:45        Bigmama About Contact  Quote this Post!
x 0   x 0  Alert Admin	How does people put their TP above NAV where ipco has never trade above NAV? Miss Rose.... Need to seriously revise your super high target. Need to reflect if your calculation is way way off. Need to be Honest with oneself. In fact ipco usually trade around 40% of NAV. I guess Sifu iso is peeing in his pants now.....he claims to own many thousand lots of ipco. Cult leader finally realise there is no such thing as UFO landing in bukit timah hill. Bigmama      ( Date: 14-Dec-2013 07:26) Posted: Like that ......... It is difficult to even see 2 cents for a long time. Jackpot2010      ( Date: 13-Dec-2013 23:27) Posted: 1H 2013 result announcement 1H Net Loss = $100m. NAV   31/10/13 = $0.03 (vs $0.08 on 30/4/2013) Comments: NAV dropped to $0.03 mainly due to fair value adj to financial assets. All its operating businesses contributed marginally to its top & bottom-line, i.e real estate in US, piped gas supply in China & supply of electrical equip in US. DYODD, not vested. Those not vested should look elsewhere to invest. This 1 is not value-for-money even though current px @1.7c is lower than its NAV 3c.
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Lucky03 Elite	14-Dec-2013 07:44        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How do you arrive at that conclusion ? What are the numbers in the account that you are referring to ? Bluemanta      ( Date: 13-Dec-2013 23:53) Posted: even without considering the fair value loss of blumont n innopac, it's core businesses i.e. gas etc. are still making a loss based on the accounts...
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Bigmama Elite	14-Dec-2013 07:26        Bigmama About Contact  Quote this Post!
x 0   x 0  Alert Admin	Like that ......... It is difficult to even see 2 cents for a long time. Jackpot2010      ( Date: 13-Dec-2013 23:27) Posted: 1H 2013 result announcement 1H Net Loss = $100m. NAV   31/10/13 = $0.03 (vs $0.08 on 30/4/2013) Comments: NAV dropped to $0.03 mainly due to fair value adj to financial assets. All its operating businesses contributed marginally to its top & bottom-line, i.e real estate in US, piped gas supply in China & supply of electrical equip in US. DYODD, not vested. Those not vested should look elsewhere to invest. This 1 is not value-for-money even though current px @1.7c is lower than its NAV 3c.   nqing87      ( Date: 08-Dec-2013 19:41) Posted: my guess NAV will be around 0.07, since at 2011, NAV already at 0.07 (from what u posted) even though blumont/innopac price at 2011 were even lower than now, if im not wrong..
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Bluemanta Member	13-Dec-2013 23:53        Bluemanta About Contact  Quote this Post!
x 0   x 0  Alert Admin	even without considering the fair value loss of blumont n innopac, it's core businesses i.e. gas etc. are still making a loss based on the accounts...
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Lucky03 Elite	13-Dec-2013 23:52        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When thing is hopeless, that's when sometimes opportunity also presents itself. dogbone1      ( Date: 13-Dec-2013 23:36) Posted: Hopeless Jackpot2010      ( Date: 13-Dec-2013 23:27) Posted: 1H 2013 result announcement 1H Net Loss = $100m. NAV   31/10/13 = $0.03 (vs $0.08 on 30/4/2013) Comments: NAV dropped to $0.03 mainly due to fair value adj to financial assets. All its operating businesses contributed marginally to its top & bottom-line, i.e real estate in US, piped gas supply in China & supply of electrical equip in US. DYODD, not vested. Those not vested should look elsewhere to invest. This 1 is not value-for-money even though current px @1.7c is lower than its NAV 3c.
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dogbone1 Senior	13-Dec-2013 23:36        dogbone1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopeless Jackpot2010      ( Date: 13-Dec-2013 23:27) Posted: 1H 2013 result announcement 1H Net Loss = $100m. NAV   31/10/13 = $0.03 (vs $0.08 on 30/4/2013) Comments: NAV dropped to $0.03 mainly due to fair value adj to financial assets. All its operating businesses contributed marginally to its top & bottom-line, i.e real estate in US, piped gas supply in China & supply of electrical equip in US. DYODD, not vested. Those not vested should look elsewhere to invest. This 1 is not value-for-money even though current px @1.7c is lower than its NAV 3c.   nqing87      ( Date: 08-Dec-2013 19:41) Posted: my guess NAV will be around 0.07, since at 2011, NAV already at 0.07 (from what u posted) even though blumont/innopac price at 2011 were even lower than now, if im not wrong..
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Jackpot2010 Master	13-Dec-2013 23:27        Jackpot2010 About Contact  Quote this Post!
x 0   x 0  Alert Admin	1H 2013 result announcement 1H Net Loss = $100m. NAV   31/10/13 = $0.03 (vs $0.08 on 30/4/2013) Comments: NAV dropped to $0.03 mainly due to fair value adj to financial assets. All its operating businesses contributed marginally to its top & bottom-line, i.e real estate in US, piped gas supply in China & supply of electrical equip in US. DYODD, not vested. Those not vested should look elsewhere to invest. This 1 is not value-for-money even though current px @1.7c is lower than its NAV 3c.   nqing87      ( Date: 08-Dec-2013 19:41) Posted: my guess NAV will be around 0.07, since at 2011, NAV already at 0.07 (from what u posted) even though blumont/innopac price at 2011 were even lower than now, if im not wrong.. Jackpot2010      ( Date: 08-Dec-2013 19:12) Posted: NAV YE30/4/11 = $0.07 NAV YE30/ 4/12= $0.07  NAV YE30/4/13= $0.08 NAV 1Q31/7/13= $0.10 NAV 2Q31/10/13= ??? (My guess is NAV will drop to ~$0.035 in view of profit warning issued. Current px @$0.017 is half of estimated NAV ($0.035) so px is unlikely to crash next week or near future - UNLESS Blumont or Innopac go into liquidation or 'prolonged' suspension. The latter worst-case scenario cannot be ruled out, especially on Blumont. Personal opinion only -  DYODD, not vested.
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