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Etika
Nov 11, 2013 0:00:04 GMT 7
Post by zuolun on Nov 11, 2013 0:00:04 GMT 7
Etika — Bearish symmetrical triangle breakout; immediate support @ 0.38, crucial support @ 0.355
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Etika
Nov 29, 2013 15:42:16 GMT 7
Post by zuolun on Nov 29, 2013 15:42:16 GMT 7
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Post by zuolun on Mar 21, 2014 14:28:30 GMT 7
Etika — Symmetrical triangle formation
Etika (weekly) — The Elliott Wave pattern
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Post by zuolun on Apr 10, 2014 11:54:25 GMT 7
Etika — H & S formation
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Post by zuolun on Jul 8, 2014 13:35:09 GMT 7
Etika — Symmetrical Triangle FormationEtika had a dragonfly doji @ S$0.44 (+0.005, +1.1%) with 487 lots done on 8 July 2014 at 2.25pm. Immediate support @ S$.435, immediate resistance @ S$0.45.
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Etika
Jul 11, 2014 14:28:01 GMT 7
Post by firecrest on Jul 11, 2014 14:28:01 GMT 7
Etika is undervalued. It just sold its dairy business to Asahi Group on 30 Jun for US$328.8m which is an estimated of $0.428/share. At current price of $0.455 and by minus off $0.428, it means that one share only cost $0.022.
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Post by oldman on Jul 11, 2014 18:56:42 GMT 7
It all depends on what they do with the money. I have seen many companies sell off their core assets and then, buy into money losing ventures. As a result, the share price sinks further and further as the years go by. But, businessmen are all smart people and they are smart enough to look after their own interests first (again, you have to read in between the lines). Minority shareholders are usually at the mercy of management who is usually the majority or main shareholders. Sometimes it is better not to rush into such situations. Better to wait and see what they do with the money first.... then you will know if management is truly investor friendly or not. Etika is undervalued. It just sold its dairy business to Asahi Group on 30 Jun for US$328.8m which is an estimated of $0.428/share. At current price of $0.455 and by minus off $0.428, it means that one share only cost $0.022.
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Post by zuolun on Jul 12, 2014 10:03:30 GMT 7
Etika is undervalued. It just sold its dairy business to Asahi Group on 30 Jun for US$328.8m which is an estimated of $0.428/share. At current price of $0.455 and by minus off $0.428, it means that one share only cost $0.022. It all depends on what they do with the money. I have seen many companies sell off their core assets and then, buy into money losing ventures. As a result, the share price sinks further and further as the years go by. But, businessmen are all smart people and they are smart enough to look after their own interests first (again, you have to read in between the lines). Minority shareholders are usually at the mercy of management who is usually the majority or main shareholders. Sometimes it is better not to rush into such situations. Better to wait and see what they do with the money first.... then you will know if management is truly investor friendly or not. oldman, Buy on expectation, sell on news. Etika's gameplay is already at its tail-end, i.e. not much meat left. The risk-reward is no good to buy for long-term investment @ S$0.46 now. Chart-wise, at best to hit a double top @ S$0.54, at worst the gigantic diamond will roll down hard from the cliff... Etika (weekly) — Diamond Top FormationEtika (weekly) — The Elliott Wave pattern
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Post by oldman on Jul 12, 2014 15:23:30 GMT 7
zuolun , I agree. I was saying the same thing but I guess, I was saying it in a very polite manner. When you buy $1 cash for $1, it is fully valued. You should actually put a discount to the cash for the reasons mentioned in my earlier posting. I am someone who would rather buy things at 30cts to the dollar... and sell these back when it gets closer to $1.
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Post by zuolun on Jul 12, 2014 15:29:54 GMT 7
zuolun , I agree. I was saying the same thing but I guess, I was saying it in a very polite manner. When you buy $1 cash for $1, it is fully valued. You should actually put a discount to the cash for the reasons mentioned in my earlier posting. I am someone who would rather buy things at 30cts to the dollar... and sell these back when it gets closer to $1. oldman, Simply put, "cheng Kay" run road liao...
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Etika
Jul 13, 2014 20:24:39 GMT 7
Post by firecrest on Jul 13, 2014 20:24:39 GMT 7
It all depends on what they do with the money. I have seen many companies sell off their core assets and then, buy into money losing ventures. As a result, the share price sinks further and further as the years go by. But, businessmen are all smart people and they are smart enough to look after their own interests first (again, you have to read in between the lines). Minority shareholders are usually at the mercy of management who is usually the majority or main shareholders. Sometimes it is better not to rush into such situations. Better to wait and see what they do with the money first.... then you will know if management is truly investor friendly or not. Etika is undervalued. It just sold its dairy business to Asahi Group on 30 Jun for US$328.8m which is an estimated of $0.428/share. At current price of $0.455 and by minus off $0.428, it means that one share only cost $0.022. Hi Oldman,
Thank you for your wise advise.
Etika have other following businesses other than its core diary business; i) Trading and frozen food; ii) Nutritional products; iii) Beverages; and iv) Texas Chicken franchise in Malaysia.
I understand the diary business is about $0.428. Basically if we can understand the value of the other businesses, that should be the Net Asset Value.
In gratitude, Firecrest
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Post by oldman on Jul 14, 2014 7:15:35 GMT 7
I took a quick look at the 2013 annual report. The other divisions are not doing so well from a profit perspective. Coy also has RM$444 mil of debt. Agreed though that one has to dig into the annual reports and the announcements to fully understand the company. This is not the type of company that I am interested in and hence, I did not look into this further. PS - Also, I am not one who will look into a company after the share price has run up so much.
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Post by zuolun on Jul 14, 2014 7:40:44 GMT 7
I took a quick look at the 2013 annual report. The other divisions are not doing so well from a profit perspective. Coy also has RM$444 mil of debt. Agreed though that one has to dig into the annual reports and the announcements to fully understand the company. This is not the type of company that I am interested in and hence, I did not look into this further. oldman, There's a Chinese saying: 见好就收 = "Quit while you're ahead." Etika is a typical case of "make peanuts but lose 1 big coconut". Blumont is a good example of joining the party at its tail-end Vs joining the party at the beginning of the party, i.e. comparing those who longed Blumont @ S$2.54 and those who longed Blumont @ 3c, the former bears the highest risk of the game. Example : BlumontCost of shares500,000 shares X S$0.0302 = S$15,087 Market value of shares as at 18 Sep 2013 (Prior to the collapse on 3 Oct 2013)
500,000 shares X S$2.36 = S$1,180,000 oldman, There's a Chinese saying: 见好就收 = "Quit while you're ahead." Blumont's EW chart pattern already looked extremely toppish to me in mid-Sep, prior to the collapse on the 3rd of Oct.
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Post by firecrest on Jul 14, 2014 9:22:58 GMT 7
Hi Oldman & Zuolun,
Thank you very much for sharing your valuable thoughts.
Happy to learn from both of you. May you have a happy week ahead.
Regards
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Post by zuolun on Jul 14, 2014 12:54:47 GMT 7
Hi Oldman & Zuolun, Thank you very much for sharing your valuable thoughts. Happy to learn from both of you. May you have a happy week ahead. Regards Hi firecrest, I'm not vested in Etika. However, a forumer, intercept88 in another forum who is strong in FA and specialises in deep-sea bottom-fishing (he has the same character and hobby like oldman) had longed Etika on the cheap and run road on 30 Aug 2013 = "Quit while you're ahead" ...pity those stale bulls who were trapped at S$0.54 and still waiting for new bulls to bail them out at the same price or higher to breakeven and make some peanut profits. The Etika chart dated 8 Nov 2013 was posted for intercept88 then. Note: Certain charts posted here are meant as a follow-up for forumers who had migrated from that forum to pertama. It's a piece of cake to draw a chart but to base on it to maximize profit requires exceptional vision and strong convictions. The ability to hold a stock (bought on the cheap) plays an important part in gaining high profits if it turns out to be a multi-bagger stock. FA: “机会总在绝望中诞生,在质疑中成长,在希望中成熟,在疯狂中死亡。” — 邓普顿(Sir John Templeton 16 Rules For Investment Success)TA: "Go long when stocks reach a new high. Sell short when they reach a new low." — Jesse Livermore "FA tells us why we buy/sell a stock. TA tells us when to buy/sell a stock. A person well-skilled in both will be a formidable trader or investor. — intercept88 Survival of the fittest — Only a handful of people could cross the river by feeling the stones Etika — Bearish symmetrical triangle breakout; immediate support @ 0.38, crucial support @ 0.355
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