Milo's TA discussion and sharing thread

[wys52]

hi sinkie, Ipco touches your tp of .026 and bounces off... time to relook at this?

 

[Sinkie]

hi sinkie, Ipco touches your tp of .026 and bounces off... time to relook at this?

3c should be good profit le ba,

ipco, strong support at 26c

ipco - forming a flag, on track to 26c

but i need to wait for a couple of candlestick more before i can decide whether to go in ipco if i am trading

a stronger support at 0.022

anyway pennies like all bo lat also..

 

[leozzz]

ausgroup

now supported, break that support, shd go 46c

I think ausgroup should be heading to its 200MA soon..

 

[Sinkie]

I think ausgroup should be heading to its 200MA soon..

200ma is 46c right?

 

[BusteR]

should i sell to cut loss now?
ausgroup still got hope in let say 2-4mths time?
bgt at 0.515

200ma is 46c right?

 

[Sinkie]

should i sell to cut loss now?
ausgroup still got hope in let say 2-4mths time?
bgt at 0.515

Always remember

For a chart to breakout, there must be a catayst or insider leak
For a chart to breakdown, there is no need for any reason but fear and bad news

the only cataylst i can think of is the dual listing

Spoiler

AusGroup plans ASX listing for its operations
25 September 12 The Business Times by Joyce Hooi

SINGAPORE-LISTED AusGroup Limited, a Western Australian-based construction services provider to the mining and oil and gas industries, is seeking to list its operations on the Australian Securities Exchange (ASX).

"The move is part of an overall strategy aimed at expanding operations in Australia, where the majority of the company's business is located, to support the mining and oil and gas sectors," said AusGroup.

The plan involves demerging AusGroup's subsidiaries into a group headed by its wholly-owned subsidiary, AGC Australia Pty Ltd (AGC), and then seeking a sole listing of AGC on the ASX.

The group will also commence identification of suitable assets to enable a reverse takeover (RTO) of AusGroup for it to remain listed on Singapore Exchange. PrimePartners Corporate Finance Pte Ltd has been appointed as the company's financial adviser in Singapore.

AusGroup's latest plan comes after consultation with its professional advisers.

AusGroup chief executive officer and managing director, Laurie Barlow, said: "It is the board's opinion that a sole listing of AGC on the ASX would provide better value to shareholders compared to a dual listing of AusGroup in Australia and Singapore, particularly as the ASX is the world's largest mining and resources exchange."

If the proposed transactions are completed, AusGroup shareholders will receive shares in AGC under a distribution in-specie and still retain their shares in AusGroup. But their shareholdings in AusGroup will be heavily diluted following the completion of the reverse takeover.

Mr Barlow noted that the about 84 per cent of the group's almost 3,000 employees is based in Australia and more than 95 per cent of the revenue is generated there.

"In particular the ASX listing will help raise the company's profile within Australia and, as an Australian company, allow it to attract and retain staff which is a critical factor in achieving future growth targets, expand its client base and improve its ability to tender for large projects," Mr Barlow added.

"The company will also be in a better position to raise capital in Australia given the inherent familiarity of that exchange with resources services companies, which will help fund its organic growth and increase its leverage in pursuing growth acquisitions."

The completion of the demerger, the distribution of the shares in-specie, and the reverse takeover will each be conditional upon the completion of the other steps.

These transactions will also need shareholder and regulatory approval in Singapore and Australia.

AusGroup shares closed trading at 41 cents yesterday, down one cent.

that is the only hope..

sorry, im not from ausgroup, so i cant really know when they going to provide update on it.

weekly chart for you,

 

[leozzz]

200ma is 46c right?

yep 46c...

 

[Sinkie]

tee

 

[ccostagmont]

tee

kee chia riao?

 

[Sinkie]

kee chia riao?

no worry, they recently exercising the warrant, so many share diluting now, and people throwing since exer px 16c, maybe i wanna buy more

 

[Dividends Warrior]

Sinkie, if Singtel close above $3.50. It looks certain that it will reach the dbl top of $3.60. From there, it will be anybody's guess already right? If it breaches the $3.60 then it might even cross 52-week high. Am I partially right to say so?

Singtel dun really need to do TA now, just wait for Power of Myanmar.

If Power of Myanmar never come, then it will drop deep deep. Be prepared.

Only two licenses up for grabs.....

 

[Sinkie]

Singtel dun really need to do TA now, just wait for Power of Myanmar.

If Power of Myanmar never come, then it will drop deep deep. Be prepared.

Only two licenses up for grabs.....

Myanmar’s promise as a rare opportunity to tap an undeveloped telecommunications market may prove to be a costly affair for the license winners.

“It is one of the few markets left in the world with significant untapped voice and data potential,” said Sachin Gupta, a Singapore-based senior analyst at Nomura Holdings Inc. “The opportunity is tremendous, but not without risks either.”

The country of 64 million people will award two licenses by June, for which it has 91 expressions of interest. Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, Malaysia’s Axiata Group Bhd., ST Telemedia Pte and Norway’s Telenor ASA have indicated they may participate.

Myanmar, where 9 percent of the population has a mobile phone, wants to boost telecom coverage to as much as 80 percent of the country by 2016. By comparison, Cambodia has a penetration rate of 70 percent, Laos 87 percent and Thailand more than 100 percent. The challenge for new operators will be to recoup the cost of building a network in a country the size of Texas that is one of Asia’s poorest.

The licenses may last as long as 20 years with an option for renewal, the government said in a statement on Jan. 15. The 91 expressions of interest came from companies in Asia, the Americas, the Middle East, Europe, Oceania and Africa, including “some of the largest global telecommunications companies,” according to a statement posted on the Myanmar Posts and Telecommunications Ministry website on Feb. 15.

Myanmar has one of the lowest per-capita gross domestic products in Asia, standing at $855 last year compared with $5,851 for Thailand, according to International Monetary Fund estimates. An Asian Development Bank assessment of Myanmar released in June last year found that a quarter of the population lives in poverty and about three in four people don’t have access to electricity.

Mobile phones have been out of reach for most Myanmar consumers since limited services were first introduced in 2001. The cost of activating a phone using the global system for mobile communications standard, or GSM, was initially about 4.5 million kyat ($5,250). That has since fallen to about 200,000 kyat for a GSM chip, according to prices at phone vendors in Yangon, meaning a handset is still out of reach for most.

Myanmar said last month that the goal is to make “telecommunications services available to the public at affordable prices in both urban and rural areas, and to give the citizens and the enterprises the capability to choose their telecommunications services.”

Myanmar had 5.44 million mobile-phone subscribers as of December, equivalent to a 9 percent penetration rate, the government said last month. About 1.3 percent of the population has access to fixed-phone lines and 0.03 percent has broadband Internet, according to estimates from the ADB.

“There are 60 million users there potentially, but that needs a lot of network investment,” said Nomura’s Gupta, whose team was ranked first for telecommunications research in Asia by Institutional Investor last year. “It’s almost building from scratch when it comes to rolling out towers, access, transmission and distribution.”

Any investment may also come with political risk, said Ken Ang, a Singapore-based analyst at Phillip Securities Pte.

“The political scene has improved but there’s still some areas of uncertainty,” Ang said, noting that a change in government might lead to different requirements or previous agreements not being honored. “Should nationalism issues be brought up, this could see some threats to foreign ownership in the telecoms sector in Myanmar.”

Rules for the second stage, where bidders eligible for the third and final stage will be determined, will be provided “in coming weeks,” according to last week’s statement.

“Having prior emerging market experience should be beneficial, along with the ability to deploy capital, relationships with the equipment vendors or handset procurement,” Gupta said. “Reforms in the telephony sector are critical for overall development and progress, so they will need to be mindful of security and social issues too.”

Parliament may approve a draft telecommunications law in the first half of this year, which will include the creation of an independent regulator by 2015, the government said last month.

The winners will be “those that have the financial muscle to stay in the game for the long-haul,” said Jonathan Koh, an analyst at UOB Kay Hian in Singapore. Southeast Asian bidders that are backed by telecommunications companies “may have a better chance,” he said.

“They would likely favor a country that has an existing relationship with the Myanmar government, not necessarily” from Southeast Asia, said Ang at Phillip Securities. “Japan has quite a lot of business presence in Myanmar, so we cannot rule out the Japanese.”

Bidders with Myanmar partners may also have an edge, Koh said. “It’s normally seen as a plus, that the local investors also benefit from the growth of the country.”

SingTel, which owns Australia’s second-biggest phone company and holds stakes in wireless operators in countries including Thailand, the Philippines and India, said last month it submitted its expression of interest with Myanmar partners.

SingTel wants to focus on wireless services because they are “more cost effective, a faster solution to provide communications infrastructure to the masses, particularly in the rural areas, very quickly,” Chief Executive Officer Chua Sock Koong said in a Bloomberg Television interview on Feb. 14.

Other contenders are Kuala Lumpur-based Axiata and ST Telemedia, a unit of Temasek Holdings Pte. Axiata has mobile- phone interests in countries including India, Indonesia, Bangladesh and Sri Lanka, while ST Telemedia controls StarHub Ltd., Singapore’s second-biggest phone company, and holds stakes in wireless companies in Malaysia and Vietnam.

To contact the reporters on this story: Kyaw Thu in Bangkok at kthu1@bloomberg.net; Sharon Chen in Singapore at schen462@bloomberg.net

To contact the editors responsible for this story: Lars Klemming at lklemming@bloomberg.net; Stephanie Phang at sphang@bloomberg.net

got alot of money also not like that throw mah?

 

[Dividends Warrior]

Singtel might not go in solo....

Could be a joint venture/ partnership......

 

[Sinkie]

Singtel might not go in solo....

Could be a joint venture/ partnership......

then you have to see the type of role singtel will play le

best is someone go in take the license and the risk, while singtel is go bid for the project to provide the infrasture and the experience

dont expect the burmaese to use iphone or note 2, the profit will be low, and it gonna take many years to breakeven the cost

maybe in 10 - 20 years time when the burmaese kids grow up to play angry birds then singtel will become profitable in burma

 

[xtwis7]

See how far sing wants to go in only. But I don't see losing the bid as a bad signal. Later over bid and a&u think is silly move also can. Need not sell smart phones. They want they can easily get those budget models.

 

[Sinkie]

Always remember

For a chart to breakout, there must be a catayst or insider leak
For a chart to breakdown, there is no need for any reason but fear and bad news

the only cataylst i can think of is the dual listing

Spoiler

AusGroup plans ASX listing for its operations
25 September 12 The Business Times by Joyce Hooi

SINGAPORE-LISTED AusGroup Limited, a Western Australian-based construction services provider to the mining and oil and gas industries, is seeking to list its operations on the Australian Securities Exchange (ASX).

"The move is part of an overall strategy aimed at expanding operations in Australia, where the majority of the company's business is located, to support the mining and oil and gas sectors," said AusGroup.

The plan involves demerging AusGroup's subsidiaries into a group headed by its wholly-owned subsidiary, AGC Australia Pty Ltd (AGC), and then seeking a sole listing of AGC on the ASX.

The group will also commence identification of suitable assets to enable a reverse takeover (RTO) of AusGroup for it to remain listed on Singapore Exchange. PrimePartners Corporate Finance Pte Ltd has been appointed as the company's financial adviser in Singapore.

AusGroup's latest plan comes after consultation with its professional advisers.

AusGroup chief executive officer and managing director, Laurie Barlow, said: "It is the board's opinion that a sole listing of AGC on the ASX would provide better value to shareholders compared to a dual listing of AusGroup in Australia and Singapore, particularly as the ASX is the world's largest mining and resources exchange."

If the proposed transactions are completed, AusGroup shareholders will receive shares in AGC under a distribution in-specie and still retain their shares in AusGroup. But their shareholdings in AusGroup will be heavily diluted following the completion of the reverse takeover.

Mr Barlow noted that the about 84 per cent of the group's almost 3,000 employees is based in Australia and more than 95 per cent of the revenue is generated there.

"In particular the ASX listing will help raise the company's profile within Australia and, as an Australian company, allow it to attract and retain staff which is a critical factor in achieving future growth targets, expand its client base and improve its ability to tender for large projects," Mr Barlow added.

"The company will also be in a better position to raise capital in Australia given the inherent familiarity of that exchange with resources services companies, which will help fund its organic growth and increase its leverage in pursuing growth acquisitions."

The completion of the demerger, the distribution of the shares in-specie, and the reverse takeover will each be conditional upon the completion of the other steps.

These transactions will also need shareholder and regulatory approval in Singapore and Australia.

AusGroup shares closed trading at 41 cents yesterday, down one cent.

that is the only hope..

sorry, im not from ausgroup, so i cant really know when they going to provide update on it.

weekly chart for you,

AusGroup announces Allseas contract for Chevron-operated Wheatstone Project

 

[BusteR]

saw your chart yesterday and later on read the news.
don't understand how to read your chart but thanks for the effort and advices.

AusGroup announces Allseas contract for Chevron-operated Wheatstone Project

 

[leozzz]

saw your chart yesterday and later on read the news.
don't understand how to read your chart but thanks for the effort and advices.

the news doesnt seem to be affecting much..

 

[Sinkie]

saw your chart yesterday and later on read the news.
don't understand how to read your chart but thanks for the effort and advices.

the news doesnt seem to be affecting much..

yeah, chart never lie, but it did gap up 2 bids from 49c to open 50c to price in the contract, lets see how, 48c remains the support now

 

[BusteR]

from 7-12th march more sell vol (pushing price down)
for once today 13th march, more buy vol (though not significant amt as of 11.30am) ... but hope is a good start

the news doesnt seem to be affecting much..