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hey hippo1, dun say i nvr jio u hor...dj up almost 900 and today will be your golden opportunity to short this bugger! get the job done and u'll be rewarded handsomely! ;-)
Hippo1 ( Date: 28-Oct-2008 14:05) Posted:
You might want to consider to work for George Soro. i think you are Short king of the century. I am speechless. |
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You might want to consider to work for George Soro. i think you are Short king of the century. I am speechless.
when a hse target 55c, means want ppl to go in and buy below that but in fact still selling like nobody business. this buger got 30c is consider kind enough liao, nvr got bashed below 10c should be happy liao...i shorted 500lots at 60c and waiting to cover back at 30c! there's still some desserts for you to short now :)
Hippo1 ( Date: 28-Oct-2008 11:24) Posted:
I am also puzzled by the target price of 30 cents since Citicorp (lowest grading) gave the target as 55 cents. Now is already 35 cents and the sellers seem to be endless. At 35 cents, it is already 35% lower than the initial target set by Citicorp. Care to share your insight for this counter.
Thanks |
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I am also puzzled by the target price of 30 cents since Citicorp (lowest grading) gave the target as 55 cents. Now is already 35 cents and the sellers seem to be endless. At 35 cents, it is already 35% lower than the initial target set by Citicorp. Care to share your insight for this counter.
Thanks
Why $0.30??? Care to share the logic behind your target price?
hey, my 30c target is coming...everyday i see this buger down, i am very happy! :-)
Hippo1 ( Date: 24-Oct-2008 14:38) Posted:
Brother, already got bashed from 60 cents to 41 cents.. i think this counter is overold. May likely to have a technical rebound but unfortunately, market sentiments are too bad to generate the rebound but will come sooner than later. my opinion.
tchoonw ( Date: 24-Oct-2008 13:33) Posted:
see..today another bashing again but how come ezra never got bashed? we should see 15XX by next wk...i not surprised if sti traded below 1000 this yr...which something we had not seen for a decade! |
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This is massive...seriously..the sell down ( we believe it's due to margin calls and the mandatory liquidation of positions)and its during these kind of periods that SGDividends believe that more weight have to be placed on analysing the debts of companies.So let us consider another well known measure. Interest coverage ratio. And let us apply it to 2 companies. Jaya and Ezra.(As of today 24 Oct 08, Ezra's 1 day drop is 10.2% btw and Jaya is 16.4% and guess what ?Jaya is giving a dividend payout..ha, is it prudent to do it Mr Jaya, shouldn't you save it for a rainy day like in POSB MySavings Account?). So just what can this ratio do? And why are we comparing this 2 companies? See below!
Interest coverage indicates how many times the interest could be paid from available earnings, thereby providing a sense of the safety margin a company has for paying its interest for any period. A company that sustains earnings well above its interest requirements is in an excellent position to weather possible financial storms. By contrast, a company that barely manages to cover its interest costs may easily fall into bankruptcy if its earnings suffer for even a single month. This is especially true for cyclical industry!
Formula(Above)

Jaya Holdings (Above)

Ezra (Above)
Ezra's interest converage after deducting for one off items is a mere 5.06% and Jaya's is 52.5%. No wonder Jaya can still give off dividends and Ezra has not declared any dividends. Even if we give Ezra a chance, and don't deduct their one off items, its coverage is only 26.1%, half of Jaya's! Tsk Tsk Tsk. No wonder you are in the top volume for 2 days consecutively.
And hello...dear readers..look at how these 2 companies are still so optimistic about the oil and gas industry. Do they watch CNBC or have they been living in a cave? As usual the management talk!

Ezra want to save face, desparately defending 0.41 and same time try to push pr up. Dont fight selling wave....
Brother, already got bashed from 60 cents to 41 cents.. i think this counter is overold. May likely to have a technical rebound but unfortunately, market sentiments are too bad to generate the rebound but will come sooner than later. my opinion.
tchoonw ( Date: 24-Oct-2008 13:33) Posted:
see..today another bashing again but how come ezra never got bashed? we should see 15XX by next wk...i not surprised if sti traded below 1000 this yr...which something we had not seen for a decade!
Hippo1 ( Date: 23-Oct-2008 21:12) Posted:
It all depends on market sentiments. right now, the confidence level is at the lowest. personally, if your prediction of the STI come true at 1200pts, this is damn scary. All the blue chips like SGX, SPC, Keppel, all banks stocks, in regardless of using MACD or Stockhastic as a measurement yardstick, it seems like there will be a rebound sooner rather than later- overly sold. Based on your prediction of 1200 STI, there will be another TSUMANI coming. Now, the sub-prime is over and we are talking on a new frontier - default payments on credit card. This will bring our STI to 1200. But, i think the next support is 1500 rather than 1200. your opinion please. |
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see..today another bashing again but how come ezra never got bashed? we should see 15XX by next wk...i not surprised if sti traded below 1000 this yr...which something we had not seen for a decade!
Hippo1 ( Date: 23-Oct-2008 21:12) Posted:
It all depends on market sentiments. right now, the confidence level is at the lowest. personally, if your prediction of the STI come true at 1200pts, this is damn scary. All the blue chips like SGX, SPC, Keppel, all banks stocks, in regardless of using MACD or Stockhastic as a measurement yardstick, it seems like there will be a rebound sooner rather than later- overly sold. Based on your prediction of 1200 STI, there will be another TSUMANI coming. Now, the sub-prime is over and we are talking on a new frontier - default payments on credit card. This will bring our STI to 1200. But, i think the next support is 1500 rather than 1200. your opinion please.
tchoonw ( Date: 23-Oct-2008 20:05) Posted:
use cfd. i expect sti to bottom at around 1200...wat's ur guess |
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po1, u r vigilant. sampling technique is widely used in all fields. u hv singled out the odd one. presumes
u r very cautious investor, never follow blindly.
typical exp on Lehman's incidence.
Incidentally, last nite, in kopi tiam, an old lady passed me a statement of acct of her Growth Fund Investment for Jan-Jun 08, dated 7 Jul 08. Then Bid price was $ 2.58643 worth asset $14864.00. If she surrender then, she will only get back $10234.00. Chialat!!! $4000 penalty prematured withdrawal. Must verify with her contract liao.
I think her daughter helped her to call the fund rep on 7 Oct 08, then bid price was shed to $1.3053 and value left only 7413. Tai wok, If she withdraw then, she likely take back $3400 instead of her capital of $5000.
I login the web site to check this fund status, wah upated only end Aug 08. What is this????
Now, I think she may left nothing liao. Will get her daughter to call the coy and verify liao.
Hippo1 ( Date: 24-Oct-2008 10:39) Posted:
Why CitiCorp rated this counter at 55 cents while OCBC rated at 1.25 dollars. There is such a big difference in opinion. Let us presume that CitiCorp is correct, why at 41 cents, there is still a massive selldown? Must find out who is selling- maybe got some ulterior motive behind. Please see below announcement made on 21/10.
UBS has also increased its stake in this company. I wonder CitiCorp Rigan Wong has done his homework? He seems to be the only odd one. Anyone to comments?
Date of change of Interest |
21-10-2008 |
2. |
The change in the percentage level |
From 5.86 % To 6.03 % |
3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others |
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# Please specify details |
The change is the result of the following: (1) Increase in positions held on behalf of prime brokerage clients; and (2) Increase in UBS proprietary positions. |
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4. |
A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
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1. |
Holdings of Substantial Shareholder , including direct and deemed interest : |
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Direct
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Deemed
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No. of shares held before the change |
975000 |
33382200 |
As a percentage of issued share capital |
0.16 % |
5.7 % |
No. of shares held after the change |
985000 |
34337200 |
As a percentage of issued share capital |
0.17 % |
5.86 % |
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Total size = 0 (2048K size limit recommended)
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All Rights Reserved. Copyright © 2005. Singapore Exchange Ltd. Company Reg. No. 199904940D
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Why CitiCorp rated this counter at 55 cents while OCBC rated at 1.25 dollars. There is such a big difference in opinion. Let us presume that CitiCorp is correct, why at 41 cents, there is still a massive selldown? Must find out who is selling- maybe got some ulterior motive behind. Please see below announcement made on 21/10.
UBS has also increased its stake in this company. I wonder CitiCorp Rigan Wong has done his homework? He seems to be the only odd one. Anyone to comments?
Date of change of Interest |
21-10-2008 |
2. |
The change in the percentage level |
From 5.86 % To 6.03 % |
3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others |
|
# Please specify details |
The change is the result of the following: (1) Increase in positions held on behalf of prime brokerage clients; and (2) Increase in UBS proprietary positions. |
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4. |
A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
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1. |
Holdings of Substantial Shareholder , including direct and deemed interest : |
 |
Direct
|
Deemed
|
No. of shares held before the change |
975000 |
33382200 |
As a percentage of issued share capital |
0.16 % |
5.7 % |
No. of shares held after the change |
985000 |
34337200 |
As a percentage of issued share capital |
0.17 % |
5.86 % |
displayAttachments_LN::
displayAttachmentsLength_LN::
Attachments |
Total size = 0 (2048K size limit recommended)
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All Rights Reserved. Copyright © 2005. Singapore Exchange Ltd. Company Reg. No. 199904940D
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It all depends on market sentiments. right now, the confidence level is at the lowest. personally, if your prediction of the STI come true at 1200pts, this is damn scary. All the blue chips like SGX, SPC, Keppel, all banks stocks, in regardless of using MACD or Stockhastic as a measurement yardstick, it seems like there will be a rebound sooner rather than later- overly sold. Based on your prediction of 1200 STI, there will be another TSUMANI coming. Now, the sub-prime is over and we are talking on a new frontier - default payments on credit card. This will bring our STI to 1200. But, i think the next support is 1500 rather than 1200. your opinion please.
tchoonw ( Date: 23-Oct-2008 20:05) Posted:
use cfd. i expect sti to bottom at around 1200...wat's ur guess?
Hippo1 ( Date: 23-Oct-2008 17:39) Posted:
You use CFD to short or borrow script. You are simply awesome. Next time, if you have this kind of lobang, please let me know in advance.
Now, at 0.43 cents, the downside is very little. i wait for your new lobang. Cheers.......
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Wow wow wow...Ezra made it to the top 20 hitlist for highest volume. See article we wrote about Ezra here. ( We neber short the stock ah..promise promise...as you can see the article we wrote wasn't that negative and we are unbiased, only pure facts merlion from our mouth, with substantiated data.) Having said that, we absolutely love Ezra management's swift and sharp response to the Citigroup Investment Research Analyst's report on 22 October 2008. Meeow...Grrrgh...catfight!Owww..Here is their response.
Well SGDividends is neutral to their "intense discussion". (But we kinda like Ezra's management though...but then we also liked Citigroup's "Dream's never sleep" commercial). Whatever...here is something for our readers to think about. This was from Ezra management's mouth in the year 2003 Prospectus. What do you guys (or lovely ladies ...darlings) think, given this current environment?
And if you have read what Citigroup wrote and what Ezra replied about the following term" Market Disruption Clause". Below is an article from The Financial Times regarding it.
To avoid the risk of seeming like we are biased, we have compiled the following link for our readers to read to get the big picture. As our parents always say, let's hear the other side of the story before jumping to conclusions!
Ezra Current Shareholder Responds to a forummer's opinion.
use cfd. i expect sti to bottom at around 1200...wat's ur guess?
Hippo1 ( Date: 23-Oct-2008 17:39) Posted:
You use CFD to short or borrow script. You are simply awesome. Next time, if you have this kind of lobang, please let me know in advance.
Now, at 0.43 cents, the downside is very little. i wait for your new lobang. Cheers.......
tchoonw ( Date: 23-Oct-2008 17:20) Posted:
mkt will take donkey months to recover and i am deep in the profits now! my target is 30c by yr end. just join me and i am sure u can kill this buger too! : |
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You use CFD to short or borrow script. You are simply awesome. Next time, if you have this kind of lobang, please let me know in advance.
Now, at 0.43 cents, the downside is very little. i wait for your new lobang. Cheers.......
tchoonw ( Date: 23-Oct-2008 17:20) Posted:
mkt will take donkey months to recover and i am deep in the profits now! my target is 30c by yr end. just join me and i am sure u can kill this buger too! :)
Hippo1 ( Date: 23-Oct-2008 14:39) Posted:
Brother, you are too good. Shorting is not my cup of tea. When you want to recover? 60 cents - 41 cents X 500 lots, you make a cool profit of 95 thousand. Damn cool. Better take the money loew. I worry for you when market turn around |
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mkt will take donkey months to recover and i am deep in the profits now! my target is 30c by yr end. just join me and i am sure u can kill this buger too! :)
Hippo1 ( Date: 23-Oct-2008 14:39) Posted:
Brother, you are too good. Shorting is not my cup of tea. When you want to recover? 60 cents - 41 cents X 500 lots, you make a cool profit of 95 thousand. Damn cool. Better take the money loew. I worry for you when market turn around.
tchoonw ( Date: 23-Oct-2008 14:34) Posted:
this is a gone case counter liao...just wait and see lor...did u short too? |
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Brother, you are too good. Shorting is not my cup of tea. When you want to recover? 60 cents - 41 cents X 500 lots, you make a cool profit of 95 thousand. Damn cool. Better take the money loew. I worry for you when market turn around.
tchoonw ( Date: 23-Oct-2008 14:34) Posted:
this is a gone case counter liao...just wait and see lor...did u short too? |
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this is a gone case counter liao...just wait and see lor...did u short too?
Wow. you are so daring to short 500 lots. what makes you think the price will goes down to 30 cents? Insider information????
tchoonw ( Date: 23-Oct-2008 09:15) Posted:
short 500 lots at around 60c...hopefully drop to 30c to cover back! cool... |
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