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Continue to cheonging down!
Something' s like salah, after dual listing application lapsed.
Something' s like salah, after dual listing application lapsed.
Thanks for the link. You are obviously very in tune to the market.
Searched and checked: yeah, it lapsed.
A pity, cos this coy has been making respectable earnings almost yr after yr in the last 10 years or so.
Especially in the last few years from FYDec ' 14 it has been making good profits at least 2.5cts per sh. Might hit 4.1ct per sh this year.
Am expecting another div in their FY result release on 20th. Think DBS' s TP of 47.5 could be achieved quite easily if dual listing was approved.
Cheers anyway, and enjoy your weekend!
Searched and checked: yeah, it lapsed.
A pity, cos this coy has been making respectable earnings almost yr after yr in the last 10 years or so.
Especially in the last few years from FYDec ' 14 it has been making good profits at least 2.5cts per sh. Might hit 4.1ct per sh this year.
Am expecting another div in their FY result release on 20th. Think DBS' s TP of 47.5 could be achieved quite easily if dual listing was approved.
Cheers anyway, and enjoy your weekend!
Quite surprised that their application has lapsed so soon. The paper by DBS was just released about 3 weeks ago, citing the dual listing:
' Dual listing in Hong Kong. CEW is seeking a dual listing in Hong Kong through a global offering. Although the timing of the listing remains uncertain, we reckon this would help expand the company&rsquo s shareholder base and improve share liquidity.'
Maybe that' s why price is going down instead of going up.
' Dual listing in Hong Kong. CEW is seeking a dual listing in Hong Kong through a global offering. Although the timing of the listing remains uncertain, we reckon this would help expand the company&rsquo s shareholder base and improve share liquidity.'
Maybe that' s why price is going down instead of going up.
hfjdhy ( Date: 08-Feb-2019 11:29) Posted:
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Even DBS is recommending 12 mth target to 47.5cts, that is 36% up from current mkt of 35c.
They quoted a lot of positives, winning major projects, dual listing on the way, profits quarter after quarter.
Unlike other s-chips, CEW also gives div of 2-3% per year, better than FD.
Probably the best potential is when the dual listing takes place, as global investors will be involved. Shares can then be transferred to HK for better price.
They quoted a lot of positives, winning major projects, dual listing on the way, profits quarter after quarter.
Unlike other s-chips, CEW also gives div of 2-3% per year, better than FD.
Probably the best potential is when the dual listing takes place, as global investors will be involved. Shares can then be transferred to HK for better price.
MoonlightFire ( Date: 20-Dec-2018 09:32) Posted:
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Usually if things happen like this, bb are selling because there will be major bad news a few months down the road. But this counter is in down trend for quite a while and we yet to hear any major bad news. Weird.
lailai ( Date: 17-Dec-2018 08:10) Posted:
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Another good announcement, but the mkt value continues to drop.
Wonder if it' s due to BBs pushing it down to collect more and more?
Refer to announcement made in SGX on 14, for those interested.
Wonder if it' s due to BBs pushing it down to collect more and more?
Refer to announcement made in SGX on 14, for those interested.
This one already keep goind down for more than one yr. So, doubt if there' s any recent corporate move.
MoonlightFire ( Date: 15-Oct-2018 11:29) Posted:
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My best guess is the management is going to issue new shares at hong kong exchange. And they know that the issuance price is not going to be high, hence they hold back any major buybacks.
lailai ( Date: 08-Oct-2018 07:37) Posted:
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Suspect something seems terribly wrong with this counter.
Price keeps going down to its lowest, yet no buy back by coy. Something or someone in the know is pulling the price down, so it seems.
Waiting for bad news announcements, got none, but instead always good ones announced.
FA very strong, now with coy sharing profit thru half yearly div.
Also got dual proposal plan underway. AIP already received from SGX.
Just food for thought on a monday morning blue.
Price keeps going down to its lowest, yet no buy back by coy. Something or someone in the know is pulling the price down, so it seems.
Waiting for bad news announcements, got none, but instead always good ones announced.
FA very strong, now with coy sharing profit thru half yearly div.
Also got dual proposal plan underway. AIP already received from SGX.
Just food for thought on a monday morning blue.
MoonlightFire ( Date: 23-Sep-2018 18:54) Posted:
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On top of dual listing application, company is rewarding long time sufferers with another div:
" Name of Dividend 1HFY2018 Interim Dividend
Dividend Type Cash/Scrip (based on shareholder&rsquo s election)
Dividend Amount SGD0.0049 per ordinary share
Tax Rate One-Tier Tax Exempt
China Everbright Water Limited Scrip Dividend Scheme will be applicable to the
1HFY2018 interim one-tier tax exempt dividend."
Looks like long term sufferers don' t have much choice but to continue to hold, as company has begun to enhance shareholders' value.
But if interested to buy more, best to let the shortees suppress to say 40-41c, then scoop bit by bit for long term dual listing advantage, which may take a few months to materialise.
Just opinion, not enticing others to get interested in this hibernating stock since the days of David Chen.
" Name of Dividend 1HFY2018 Interim Dividend
Dividend Type Cash/Scrip (based on shareholder&rsquo s election)
Dividend Amount SGD0.0049 per ordinary share
Tax Rate One-Tier Tax Exempt
China Everbright Water Limited Scrip Dividend Scheme will be applicable to the
1HFY2018 interim one-tier tax exempt dividend."
Looks like long term sufferers don' t have much choice but to continue to hold, as company has begun to enhance shareholders' value.
But if interested to buy more, best to let the shortees suppress to say 40-41c, then scoop bit by bit for long term dual listing advantage, which may take a few months to materialise.
Just opinion, not enticing others to get interested in this hibernating stock since the days of David Chen.
" MAINBOARD-LISTED China Everbright Water announced on Friday that it has applied to the Stock Exchange of Hong Kong (SEHK) to seek a dual primary listing on its main board."
Announcement should be very positivie in long run after dual listing successful. In short term, shortees will continue to suppress the price for them to pick.
Buy here at the cheap and sell there at good profit.
So if keen to buy for long term, it' s good to follow the shortees to pick. But don' t follow their shorts, let them do it for your benefit.
Just an opinion, no certainty that things will work out as posted.
Announcement should be very positivie in long run after dual listing successful. In short term, shortees will continue to suppress the price for them to pick.
Buy here at the cheap and sell there at good profit.
So if keen to buy for long term, it' s good to follow the shortees to pick. But don' t follow their shorts, let them do it for your benefit.
Just an opinion, no certainty that things will work out as posted.
lailai ( Date: 27-Jul-2018 08:41) Posted:
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Agreed with u. So its hard to understand why the company like ' no hew' at the downward spiral of its value since the days that the new management took over from David Chen of the Hankore days.
if David is still at the helm, he would most likely use the buyback mandate to enhance shareholders' value, unlike the current ' no hew' management.
The current management like ' no hew' with the shareholders' interest, but only keen in winning major contracts, projects, govt subsidies and whatnot. Pity the shareholders, esp those having huge holdings bought on margin and having to see heavy losses and hefty interest to pay.
if David is still at the helm, he would most likely use the buyback mandate to enhance shareholders' value, unlike the current ' no hew' management.
The current management like ' no hew' with the shareholders' interest, but only keen in winning major contracts, projects, govt subsidies and whatnot. Pity the shareholders, esp those having huge holdings bought on margin and having to see heavy losses and hefty interest to pay.
MoonlightFire ( Date: 27-Jul-2018 07:50) Posted:
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