Milo's TA discussion and sharing thread

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n1ef5ng

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Milo-Dino said:
i still keeping ah....

if crash don't blame me leh.... it's just that i personally feel the potential is there...

note: for those who are new here... I'm vested
Click to expand...

I won't blame. I just felt that I am quite rash this morning. Immediately bought another 10lots before market open thinking they they will blc.
Nevertheless, I will still keep.
 
Milo-Dino

Milo-Dino

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n1ef5ng said:
I won't blame. I just felt that I am quite rash this morning. Immediately bought another 10lots before market open thinking they they will blc.
Nevertheless, I will still keep.
Click to expand...
if you don't feel right.. just realise the profits lor...

i believe you bought lower than me again right....
 
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n1ef5ng

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Milo-Dino said:
if you don't feel right.. just realise the profits lor...

i believe you bought lower than me again right....
Click to expand...

Hmm but I think is starting to pick up.
I bought at .44
Awaiting midas to plunge lei haha n buy again, damm evil
 
Sinkie

Sinkie

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remy3413 said:
Where you get the info from? SGX don't have...

I just threw GLP
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According to newswires such as Tradewinds and SinoShip, Yangzijiang Shipbuilding (YZJ) has put up three abandoned 2500 TEU containerships for resale.

One of the vessels has already completed and the other two were scheduled to be completed by May this year.

We think the three vessels were originally ordered in 2007; values of such vessels were around US$50m then, but have fallen to about US$24m currently.

Two of the five installments for each vessel have been paid up, accounting for 40% of the total contract value. With the 40% deposit, and assuming YZJ is able to sell the vessels at current prices, the difference per vessel is not substantial (~US$6m).


Source: Tradewinds, Bloomberg

Though the above-mentioned three vessels account for a very small portion of YZJ’s order book (US$3.58b, comprising 75 vessels as at 30 Sep 2012), we are more concerned of the possibility of further cancellations.

Recall that YZJ saw its first order cancellation in Jun 2012 (two 34,000DWT bulk carriers originally ordered by FreeSeas, but YZJ did not suffer a loss from this due to the deposit), and ceased contracts for another six 82,000DWT bulk carriers around the same period as well (three were resold, and potential buyers were being sourced for the rest).

Maintain HOLD with S$0.95 fair value estimate.
 
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