Oceanus - eat abalone

neontet
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14 years 4 months ago #2074 by neontet

Replied by neontet on topic Re:Oceanus - eat abalone

I expect Oceanus to touch 40 cents anytime now. Now 39.5 cents with 4 million shares queuing at 39.5 cts to buy, and we are less than 24 hours away from the Oceanus TDR being traded in Taiwan! What will the stock be trading at tomorrow morning? 45 cents? or 35 cents? :laugh:

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winstorn
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14 years 4 months ago #2075 by winstorn

Replied by winstorn on topic Re:Oceanus - eat abalone

Oceanus only start trading in taiwan on the 31st Dec 09 and not tomorrow. As it is only about 1.5 months to chinese new year. Believe this stock can keep until chinese new year and just ride on the buying waves.

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winstorn
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14 years 4 months ago #2076 by winstorn

Replied by winstorn on topic KEP CORP

What happen to Kep Corp shares. They just won another $121 million project and the prices instead of going up is coming down. Anyone can enlighten. Is it due to the year end that all the fund managers are on leave or what.

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neontet
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14 years 4 months ago #2085 by neontet

Replied by neontet on topic Oceanus

Based on the bookbuilding results, the Company and the Joint Underwriters have agreed in the Underwriting Agreement that the TDR Issue Price will be fixed at NT$9.5 (approximately S$0.415, based on the exchange rate of S$1 Ã¢â¬â NT$22.92) for each TDR. The TDR Issue Price is at an approximately 16.4% premium to the weighted average price for trades done on the SGX-ST on the full market day on which the Bookbuilding Agreement is signed (being S$0.3566). - So the TDR is priced at 41.5 cent, and I predict Oceanus will touch 45-48 cents on Dec 31 in Taiwan. The price in Taiwan trading won\'t be below the issue price. What do the rest of you think?

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winstorn
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14 years 4 months ago #2086 by winstorn

Replied by winstorn on topic Re:Oceanus - eat abalone

Oceanus will hit at least 50 cents. Dow Jones had hit a new high of 10530 just touching the Bollinger band. It now had 2 way to go, either form go higher to form a higher high or go down to form a lower high. Now with so much bullish sentiment in USA economy especially the tech stocks and together with the year end market rally, it is obvious that Oceanus will not only open at least 45 cents but will continue to go higher till chinese new year. You must understand the chinese new year is only 2 months away and normally asians whether poor or rich will have abolone at home or at the restaurant. My suggustion is that those who had already bought to keep them till chinese new year OR accumulate more if there is any slight corrections. For those who had not buy any, try some qty based on year end rally and nothing else.

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