Seems like some big player are trying to get ride of their shares in lots of 50s and 200s. Small player are buying in 20s - 30s lots. Like that price wont go up a lot
relax guys. trading at ard 1/2of its true value, matter of time before it continues its upward trajectory. downside even less now at 25c, since land dev plans are out.
sometimes, like coe bidding, big boys appear later in the day...
I am not selling anything below 30 cts even if hold for 10 years.
Chill guys. “In the short run, the market is a voting machine but in the long run it is a weighing machine.” Hup Steel still has lots of value and in the long-term, price will meet value if u are prepared to hold. In the meantime, if price is still undervalued, can buy more of this gem.
hope this year got more dividends too!
if by afternoon no move then it will be here liao. Normally if morning no move then by afternoon shld have a play no play means.. okie nothing much.
Not capturing enuff attention jus yet.. But there is quite heavy seller quening i suspect is ppl wan to accumulate below ard 24 to 25 level tats y quene down there to get seller to sell to them
could it be your valuation is off the realistic mark?
eh i wont say so... short term yes long term up to individual... Assume it trade jus at its nav after the redevelopment then its at 42-45.. if market thinks it is below its nav then it will be low end.. But if the market is on upward trend then likely to be able to trade abv NAV..
Honestly its up to individual to calculate the value of it.
You can calculate as their biz total lousy slight profit or break even n jus milking of their existing assets. But if they also redeveloped another plot then, then assume its jus 48 cents. will u sell at 35 cents? or will u at least sell at 40 cents?
beside i think KSh n some other ppl got it at abv ard 50 cents. so u think they wont fried it up to at least same price?? or maybe they already out n jump ship i do not know
Subsequent to the end of FY2007, the Group undertook a share placement exercise involving the issue of 49,500,000 new
ordinary shares to several institutional funds. Apart from enhancing the shareholder profile of the Group, we envisage
that this placement will help to stir more institutional interests in HUPSteel.
The new shares have been allotted and quoted on the Stock Exchange of Singapore since 24 August 2007. The share
placement generated a cash inflow of approximately $27 million which is earmarked for working capital purposes in
preparation to meet further growth in the volume of business in the current financial year 2008 and beyond.
Did a rough calculation its ard 54 to 55 cents. so did they jump ship or did they not i do not noe.. if they havent then i assume they will at least fried it back to tat level slight beyond from experience.
Okie checked thru KSh sold 33% of the holdings used to be 10 mil then 08 onwards is 6.6mil N UOB NOMINEES PTE LTD used to be 40 mil now left with 12 mil but maybank n citi grp nominees up. so i asuume they out 50% of it.. then they still left with some of the tickets.
kuku,
it shd be kim seng holdings, not ks energy.
sin soon huat is makan by ks energy yrs ago.
ssh and hsh are business rivals.
yup sorry mistake
Anw in my opinion maybe we need some analyst to cover it to stir interest in it ba