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Halo,PapaSmurf,
You mean the price will drop some more?
Especially dates near end of this month AGM?
PapaSmurf ( Date: 11-Apr-2012 23:35) Posted:
Not ready yet!
Closer to AGM first |
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Gd morning Papa Smurf Sifu, pl add me in yr mailing list. Thank U & God bless.
Noted. Still observing!
PapaSmurf ( Date: 11-Apr-2012 23:35) Posted:
Not ready yet!
Closer to AGM first |
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Not ready yet!
Closer to AGM first
Quite good bargain to go in at the current price.
Hi Sir
If any good thing on this stock kep me in post also .
Tks
Posted
EdMonkey ( Date: 10-Apr-2012 12:10) Posted:
| Papa Smurf, please add me into your maillist. |
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Papa Smurf, please add me into your maillist.
Thanks Papa Smurf.
Guys check your mailbox
Next play on NT
Cover back all.
Go check inbox
Hold on
Just wait for the panic sales to subside.
The rto annoucement did not have much impact (nothing to shout about). Why? What do you think?
i bought ocean sky n held for 10 years. finally i sold off at 0.172 n den it start to go crazy n shoot up. made some kopi money but every year they give kick ass dividends. so all in all i made on ocean sky. but now they are totally gonna divest their garment business n going into property in china....hmmm im not sure i am interested to buy back. So far property counters dealing in China is not a good investments. IM still losing big on Ying Li. Yanlord has been downgraded too. so how?
Had cut loss [half]at 1.64 yesterday finally.
Lost more than 10K [sad]
Future earning from this counter will not make but to breakeven if lucky.
Good luck to all.
Hello Papa Smurf, I am new to this forum. I read your messages below and hope you can also share with me on the reason to hold on to Ocean. Everyday, I see a new low.... getting sleepless nights. Thanks.
Meaning?
vl_2decades ( Date: 07-Apr-2012 18:33) Posted:
They will consolidate, two become one.
PapaSmurf ( Date: 06-Apr-2012 16:27) Posted:
Hi Joe,
You wrote very well. Sounds like a financial sector person too.
Do you think it is worth 17.2cent with a huge stack of cash sitting in bank and a profitable business generating few millions profits yearly and now they are going to cash out and inject with a 700mil SGD china property arm.
To the Angs family, they got a good deal. Paying 63mil SGD for a sound apparel company and then still remain as SSH in the new China Property arm.
The share price is 17.3 almost day low. On a chartist point of view, this is bad. Can sense a lot of panic retailors cut loss on this. Most probably bought last friday at 21-3cents.
Last Friday day high 23 and closed 20.5
Ever since, it has been going down at low volume to 17.2 yesterday.
Who can understand what the biggies are doing?
Your guess is as good as mine.
Cross fingers and see what happens on Monday.
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They will consolidate, two become one.
PapaSmurf ( Date: 06-Apr-2012 16:27) Posted:
Hi Joe,
You wrote very well. Sounds like a financial sector person too.
Do you think it is worth 17.2cent with a huge stack of cash sitting in bank and a profitable business generating few millions profits yearly and now they are going to cash out and inject with a 700mil SGD china property arm.
To the Angs family, they got a good deal. Paying 63mil SGD for a sound apparel company and then still remain as SSH in the new China Property arm.
The share price is 17.3 almost day low. On a chartist point of view, this is bad. Can sense a lot of panic retailors cut loss on this. Most probably bought last friday at 21-3cents.
Last Friday day high 23 and closed 20.5
Ever since, it has been going down at low volume to 17.2 yesterday.
Who can understand what the biggies are doing?
Your guess is as good as mine.
Cross fingers and see what happens on Monday.
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sounds good! haha. hopefully monday can chiong. ahhh...will be away for a week...gonna miss this forum. LOL. sounds so weird...
Enjoy your easter sunday guys!
PapaSmurf is powerful...hahahaha.
joemacky ( Date: 06-Apr-2012 00:22) Posted:
- It has abt S$50m cash or S$0.112 cash per share. NAV is abt S$0.206 per share
- From the proposed restructuring, controlling shareholder Ang family wants to buy the garment biz for up to S$63m or S$0.14. To pay for it, they are proposing capital reduction, which i presume they are returning cash to shareholders (Ang family collectively owns abt 58.6% of the shares). With share capital and retained earnings of abt S$90m, could they be returning cash of as much as S$50m?
- From the FY ending 31 Dec 2011 financial results, it generates a net cashflow (before dividends) of abt S$16m or S$0.36 per share on year 2011 66% of its revenue are from US, which consumer consumption is recovering due to an improving labour market, its no wonder the Ang Family wants to buy up the core garment biz
- For the china property biz, they are buying for S$310m (the announcement stated NAV of RMB3.3b or S$657m i.e. purchase price reflects a discount of > 50%), by issuing 925,373,134 new shares. The enlarged number of shares post-RTO would be abt 1,373,868,187 or S$0.23 per share for the china pty biz alone
- Hence the garment biz of S$0.14 + china property biz of S$0.23 should reflect a price of abt S$0.37. To be conservative, you could further discount the china property biz by 50% i.e. S$0.115, to get a value of abt S$0.25. Either way, teh current price of S$0.173 looks cheap, valuation-wise.
Above are just my opinion , not an invitation to invest and I am vested hence my views could be biased
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Thanks Joe... appreciate your sharing. I am looking forward to Good News come Monday.
Have a fabulous weekend:)
Cheers:)
joemacky ( Date: 06-Apr-2012 00:22) Posted:
- It has abt S$50m cash or S$0.112 cash per share. NAV is abt S$0.206 per share
- From the proposed restructuring, controlling shareholder Ang family wants to buy the garment biz for up to S$63m or S$0.14. To pay for it, they are proposing capital reduction, which i presume they are returning cash to shareholders (Ang family collectively owns abt 58.6% of the shares). With share capital and retained earnings of abt S$90m, could they be returning cash of as much as S$50m?
- From the FY ending 31 Dec 2011 financial results, it generates a net cashflow (before dividends) of abt S$16m or S$0.36 per share on year 2011 66% of its revenue are from US, which consumer consumption is recovering due to an improving labour market, its no wonder the Ang Family wants to buy up the core garment biz
- For the china property biz, they are buying for S$310m (the announcement stated NAV of RMB3.3b or S$657m i.e. purchase price reflects a discount of > 50%), by issuing 925,373,134 new shares. The enlarged number of shares post-RTO would be abt 1,373,868,187 or S$0.23 per share for the china pty biz alone
- Hence the garment biz of S$0.14 + china property biz of S$0.23 should reflect a price of abt S$0.37. To be conservative, you could further discount the china property biz by 50% i.e. S$0.115, to get a value of abt S$0.25. Either way, teh current price of S$0.173 looks cheap, valuation-wise.
Above are just my opinion , not an invitation to invest and I am vested hence my views could be biased
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Hi Joe,
You wrote very well. Sounds like a financial sector person too.
Do you think it is worth 17.2cent with a huge stack of cash sitting in bank and a profitable business generating few millions profits yearly and now they are going to cash out and inject with a 700mil SGD china property arm.
To the Angs family, they got a good deal. Paying 63mil SGD for a sound apparel company and then still remain as SSH in the new China Property arm.
The share price is 17.3 almost day low. On a chartist point of view, this is bad. Can sense a lot of panic retailors cut loss on this. Most probably bought last friday at 21-3cents.
Last Friday day high 23 and closed 20.5
Ever since, it has been going down at low volume to 17.2 yesterday.
Who can understand what the biggies are doing?
Your guess is as good as mine.
Cross fingers and see what happens on Monday.
