|
Post by zuolun on Nov 26, 2014 9:09:50 GMT 7
|
|
|
Post by zuolun on Nov 26, 2014 15:03:03 GMT 7
|
|
|
Post by zuolun on Nov 27, 2014 13:06:26 GMT 7
|
|
|
Post by zuolun on Dec 22, 2014 6:39:14 GMT 7
Wham Bam Thank You Scam
|
|
|
Frauds
Dec 22, 2014 8:44:08 GMT 7
Post by hope on Dec 22, 2014 8:44:08 GMT 7
Thank you for the interesting video. We shd stay alert at all times to all scams going around, even in singapore.
|
|
|
Post by zuolun on Dec 22, 2014 13:49:13 GMT 7
Thank you for the interesting video. We shd stay alert at all times to all scams going around, even in singapore. hope, Be careful of stock recommendations and 'sincere' financial advices especially in public forums; some people (forumers) could be stockbrokers working for the brokerage firms who've heavy stakes in the particular 'hot' stock when they keep posting strong buy calls. One typical example is RH PetroGas.Dr Tony Tan Jee-Theng retires as RH Petrogas executive director and CEO — 1 Jan 2014 Substantial shareholder, Kim Eng pared down RH PetroGas shares to 4.654% on 3 Oct 2013Substantial shareholder, Kim Eng had a stake of 7.7% in RH PetroGas, issued a BUY call TP S$1.35 on 6 Jan 2011"Orchard's sale to interested buyer, listed RH Petrogas, for a mere S$351,000 - $371,000 in 2009."Before I posted on RH PetroGas thread on 9 Nov 2013, I knew that Kim Eng had a substantial stake vested at extremely low cost per share and their in-house stock analysts had been advocating strong BUY. Major shareholders (%):- Tiong family = 69.2
- Kim Eng = 7.7
- Free Float = 23.1
- Total 100
Selling an 'Orchard' that yielded no fruitBy Ronnie Lim 8 Dec 2009 'LOCK, stock, but no barrels,' quipped one industry official of Temasek Holding's divestment of Orchard Energy - its less than two-year-old oil and gas exploration and production venture which has yet to produce a single drop of oil. This generally summed up industry views that Orchard's sale to interested buyer, listed RH Petrogas, last week - for a mere S$351,000-$371,000 - gave Temasek an avenue to get out of the loss-making business, especially given that Orchard incurred a net loss of $5.6 million for its FY ended March 31, 2009. 'It provided an opportunity for Temasek to shake it (Orchard) off its fingers,' one oilman felt. Orchard, set up in April 2008, 'never quite got off the ground'. Timing-wise, Orchard unfortunately came into being just as world oil prices started their upward climb towards a record US$147-plus in July last year. High oil prices also meant it was more expensive to buy into E&P assets then. And by the time it got together a formidable E&P team - including ex-Singapore Petroleum Company E&P chief Tony Tan, plus an experienced group of engineers and geophysicists who previously worked for names like Chevron and Unocal Corporation - the financial crisis hit. Orchard's 'success' in clinching its first exploration rights in June this year - an Indonesian concession in West Belida, offshore Sumatra - also meant that it had to fork out US$5.76 million to explore and develop the 1,407 sq km contract area under a three-year commitment in the production sharing contract. But it was perhaps a case of 'too little, too late'. While the West Belida PSC is an 'okay' deal for the price, it is nevertheless such a small project for Singapore Inc, which could well have gunned for something bigger, one observer felt. Now, RH Petrogas - which wants to expand its oil and gas business beyond China by acquiring Orchard - will assume Orchard's balance commitment of US$5.66 million in the Indonesian PSC, apart from paying cash of S$351,000-$371,000 for the acquisition proper. The acquisition will include Orchard's key management who will strengthen its own senior management team, RH Petrogas said. The latter refers to Dr Tan plus some other ex-SPC financial and commercial officials who joined Orchard, but minus a couple of key expatriates who apparently have already left in the last couple of months. While last week's announcement of Orchard Energy's sale came as quite a surprise to many, 'buying and selling is something which Temasek does all the time', say insiders. From a Temasek perspective, the sale was perhaps seen as a good deal, with E&P better left to others. 'Orchard was a better fit for them (RH Petrogas) than us,' said one source. Perhaps so. But it does raise some concerns about Temasek's retreat from the Singapore energy scene, given that the Orchard Energy divestment follows that of refining and upstream company SPC (in which Temasek had a deemed interest of 45.54 per cent) to PetroChina, as well of the three largest generating companies here, Senoko Power, PowerSeraya and Tuas Power. Still, Temasek - with just 5 per cent of its investments in energy and resources, compared to 33 per cent in financials - has said that it considers oil and gas as an avenue to diversify its portfolio, and does own stakes in overseas energy outfits. These include San Antonio International, an onshore oilfield service company in Latin America; MEG Energy, which is involved in developing Canada's oil sands; and Citic Resources, a large Chinese provider of resources. In its latest 'hot' energy deal, Temasek last month sold its stake in Black Gold Energy and will in return secure a 5.5 per cent stake in Canadian exploration company Niko Resources which will have 12 million net exploration acres in Indonesia once the deal is completed - making it one of the larger holders of deepwater exploration concessions there. This may be just the kind of mega energy prospect which Temasek is banking on. Over the years, I have learnt to be skeptical over the many sources of stock recommendations. I am cautious about stock broker recommendations as I find it hard to understand the business model of a research division within a stock broker. At the end of the day, stock brokers are commercial organisations with the primary interest of making money. Analyst recommendations are unlikely to make a direct impact to the profitability of a stock broker. Even if an analyst is good, the customer can still chose to buy or sell stocks through another broker. I don't envy the job of a research analyst in a stock broking firm as there are bound to be many grey areas of potential conflicts of interests. I am also wary of websites that appear to be independent but are owned or influenced by public relations companies whose interest is to promote the listed companies that pay them a monthly retainer fee. Rarely does one find a truly independent website. I like going to such truly independent sites like Investor Central ( sg.finance.yahoo.com/news/provider-investorcentral/ ). As for forum websites, I enjoy reading the writings of small investors as they can be pretty knowledgeable and they share the info in the hopes that others will join them as shareholders. I too started as a small investor and I know that having smaller sums of money means that I have to interest other investors in those companies that I have invested as my capital alone is unlikely to influence the market. Many of my investment ideas arose from such postings. However, I am extra careful about the sharing in the forums from market players as these folks make their money from the frequent buying and selling of stocks and it is more likely that they will talk up the stock only to sell to those newbie investors who get excited about such stocks. If you have been in a forum long enough, it is not difficult to pick up the small investors from the market players. Also, be aware that market players are unlikely to work alone in a forum and after a while, one can also identify players that belong to the same group as they often praise the others in the group and vice versa. Hence, be very careful what you read freely in websites and in stock forums. It is good to assume that there is usually no free lunch in the stock market. You should do your own homework before you make any investment in the stock market.
|
|
|
Post by zuolun on Dec 23, 2014 13:50:20 GMT 7
|
|
|
Post by zuolun on Dec 27, 2014 6:58:11 GMT 7
|
|
|
Post by zuolun on Dec 30, 2014 6:49:22 GMT 7
|
|
|
Post by zuolun on Jan 1, 2015 14:20:20 GMT 7
|
|
|
Frauds
Jan 12, 2015 13:15:30 GMT 7
Post by zuolun on Jan 12, 2015 13:15:30 GMT 7
|
|
|
Post by zuolun on Jan 13, 2015 4:52:33 GMT 7
Chinese rail official's mistress, Luo Fei jailed over bribery — 3 Dec 2014 Ex-railway official, Zhang Shuguang sentenced to death for corruption — 17 Oct 2014 China's ex-railway minister, Liu Zhijun sentenced to death for corruption — 8 July 2013 China’s train wreck — 22 Apr 2011 Founder of China high-speed rail system sacked3 Mar 2011 BEIJING: A top engineer in China's powerful Ministry of Railways, who was fired on Tuesday amid a widening corruption probe that has already brought down the minister, was known as the founder of the country's high-speed railway technology. The official Xinhua news agency reported that Mr Zhang Shuguang, 55, was removed as deputy chief engineer of the ministry and placed under investigation over alleged 'severe violation of discipline', standard terminology for involvement in graft. This came after the removal of long-serving minister Liu Zhijun last week. Mr Liu, who spearheaded the country's multitrillion-yuan high-speed rail programme, has allegedly received more than 800 million yuan (S$154 million) in kickbacks from rail construction projects, reports said earlier this week. Mr Zhang was known to be the right-hand man of Mr Liu, the China Daily reported yesterday. He was also the director of the ministry's transportation bureau and supported Mr Liu's railway expansion plans. Mr Zhang has been hailed as the 'chief designer of China's high-speed railways' by state media. In a January report, the Science and Technology Daily wrote: 'In just six years, Zhang upgraded the speed of China's domestic high-speed trains from 200kmh to 380kmh.' Like Mr Liu, Mr Zhang started his career in the ministry and worked his way up, said the China Daily. The Jiangsu native graduated from Lanzhou Jiaotong University with a major in vehicle engineering. He is an adjunct professor at Jiangsu University, Beijing Jiaotong University and Southwest Jiaotong University. The New Century Weekly magazine reported that Mr Zhang lives alone in Beijing, while his wife and daughter are in the United States. The widening probe is now raising calls for the government to pull back on its investment drive into costly high-speed railways. At least one proposal to scale down the expansion programme will be presented to a top advisory group meeting in Beijing this week, during the annual session of the National People's Congress, reported The Shanghai Daily newspaper. Liu Zhijun given suspended death penalty — 8 Jul 2013
|
|
|
Post by zuolun on Jan 23, 2015 14:27:17 GMT 7
|
|
|
Post by zuolun on Feb 11, 2015 9:19:50 GMT 7
|
|
|
Post by zuolun on Feb 15, 2015 16:04:18 GMT 7
How the scammers behind Virgin Gold Mining Corporation bit off more than they could chew:MAS: Investor Alert List ~ The Investor Alert List provides a listing of unregulated persons who, based on information received by MAS, may have been wrongly perceived as being licensed or authorised by MAS. Virgin Gold Mining Corporation Torre Global Bank Building Calle 50 & Calle 58 Este Piso 31, Oficina 3105 Panama City, Republic of Panama Tel: +507-8365099 Website: www.vgmc.com/index.aspVGMC Singapore Gala Dinner 2013 CPS-Silver Virgin Gold ~ 8 Apr 2013 VGMC Appreciation Gala Dinner 2012 in Singapore, Speech by the CEO, AGMAC ~ 7 Dec 2012 VGMC Malaysia - New Share Holder - How to Start ~ 5 Mar 2012 vgmc dvd ~ 28 Apr 2011 VGMC - Virgin Gold Operation ~ 8 Feb 2011
|
|