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Post by me200 on Nov 9, 2014 8:43:48 GMT 7
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Post by zuolun on Nov 9, 2014 9:07:09 GMT 7
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Post by kenjifm on Nov 9, 2014 14:13:39 GMT 7
20141030_17008.pdf (150.24 KB) According to the file above, there is an intention to keep the price above 0.40 for the placement to carry on. The upside in price does not have share buy back in the announcement yet. What worries me is what will happen after the placement and how many people know my thoughts and will try to exit with the slightest opportunity. What we have here is strictly for trading and it carries a higher risk then reward since money management needs to be in play too.
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Post by zuolun on Nov 9, 2014 16:01:03 GMT 7
According to the file above, there is an intention to keep the price above 0.40 for the placement to carry on. The upside in price does not have share buy back in the announcement yet. What worries me is what will happen after the placement and how many people know my thoughts and will try to exit with the slightest opportunity. What we have here is strictly for trading and it carries a higher risk then reward since money management needs to be in play too. Fail to see the shape of a mountain when you stand on it.横看成岭侧成峰,远近高低各不同。 不识庐山真面目,只缘身在此山中。
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Post by kenjifm on Nov 9, 2014 16:11:54 GMT 7
Exactly.
By logic, one should never buy into this business because the reward is not here.
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Post by zuolun on Nov 9, 2014 17:07:17 GMT 7
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Post by zuolun on Nov 12, 2014 16:47:05 GMT 7
Sino Grandness — A "Waterfall Decline" chart pattern with 5-Wave down, Interim TP S$0.355, Next TP S$0.19Sino Grandness closed with a bearish engulfing pattern @ S$0.45 (-0.03, -6.3%) with 7.81m shares done on 12 Nov 2014. Immediate support @ S$0.43, immediate resistance @ S$0.455. Sino Grandness (weekly) — Classic MOD chart pattern TP S$0.19
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Post by zuolun on Nov 15, 2014 9:35:09 GMT 7
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Post by zuolun on Nov 22, 2014 18:20:58 GMT 7
The new Hubei plant of Sino Grandness — 22 Nov 2014 Sino Grandness falls prey to short-sellersBY Goh Eng Yeow 1 Nov 2014 PREDATORY short-sellers appear to be on the rampage again. This time, their target is Singapore-listed Sino Grandness Food Industry Group. In the past two months, the China-based food and beverage maker has slumped by up to 42.3 per cent in value after a mysterious research outfit, Anonymous Analytics, issued two reports alleging the company had "materially misrepresented" its financials. Despite attempts by the firm's chairman and chief executive Huang Yupeng over a week ago to assure shareholders that the group was in a sound financial position and that it had secured about 300 million yuan (S$62.6 million) of "encouraging indicative orders" from distributors at a Chongqing trade fair, its share price kept sliding. Between Monday and Wednesday, Sino Grandness fell by 19.4 per cent. It managed to rebound 12.7 per cent on Thursday before closing 3.4 per cent lower at 43 cents yesterday. This gave it a loss of 12.2 per cent for the week. Little is known of Anonymous Analytics. Its website does not identify any employees, nor provide any registration information, address or telephone numbers. It made headlines recently when it attacked Tianhe Chemicals, which was listed on the Hong Kong Exchange only in June, accusing the firm of falsifying its financial statements. But its calls to sell shares it writes about are not always heeded by investors. Some, such as Qihoo 360 Technology, have traded higher despite the attacks. Until Sino Grandness came under attack in September, it had almost tripled in price in the previous two years, as it rode on investors' enthusiasm for its beverage unit, Garden Fresh, which was due to be spun off as a separately listed firm. The stock was also reasonably liquid, with an average of 2.1 million shares changing hands between January and August. Such characteristics are similar to those of Fujian vegetable seller China Minzhong - which was earlier ambushed by short-sellers - whose share price doubled in a year before it came under attack. Still, market pundits feel that Sino Grandness should have put up a tougher fight in beating off Anonymous Analytics' attacks. Maybank Kim Eng noted in a report that a stronger rebuttal by the firm is needed after its financial credibility was questioned. "With the short-seller recommending a short and giving zero value to the stock, investors' confidence was rocked," it said. Solid evidence such as government documentation on the company is critical to restore faith. "Without this, we expect the overhang to continue." In summary, Kim Eng said the short-seller alleged that Sino Grandness had significantly overstated its revenues, based on the data culled from surveys made by Euromonitor and Nielsen. The short-seller also alleged that interviews with distributors, retailers, competitors and contract manufacturers cast doubt on the company's reported business size. Kim Eng said that at a recent investors' meeting, Sino Grandness' management attributed the differences in its profit margins and other operating metrics to business model variations in the industry. The management also blamed the discrepancies in the survey results on the different methodologies employed by the research firms. It also provided independent research from Frost & Sullivan to justify the market position occupied by Garden Fresh's loquat juice.
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Post by zuolun on Dec 9, 2014 0:20:27 GMT 7
Sino Grandness — A typical bull trap to trap the longs, Interim TP S$0.355, Next TP S$0.19Sino Grandness closed with a long black marubozu @ S$0.405 (-0.035, -8%) wih 3.03m shares done on 8 Dec 2014. Immediate support @ S$0.375, immediate resistance @ S$0.43.
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Post by zuolun on Dec 17, 2014 5:07:10 GMT 7
Sino Grandness's bearish vertical five-candlestick chart pattern indicates that the time is ripe for a dive to retest the last low @ S$0.365 to hit a lower low. Sino Grandness — A typical bull trap to trap the longs, TP S$0.19Sino Grandness closed with a spinning top @ S$0.38 (-0.005, -1.3%) wih 1.47m shares done on 16 Dec 2014. Immediate support @ S$0.355, immediate resistance @ S$0.40.
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Post by zuolun on Dec 28, 2014 14:30:28 GMT 7
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Post by zuolun on Dec 29, 2014 9:04:47 GMT 7
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Post by zuolun on Jan 17, 2015 4:11:33 GMT 7
Sino Grandness's current situation eerily reminds me of ex-chairman of Blumont, Alex Molyneux's interview — Damage control plan in place, nothing more.Sino Grandness's further upside solely depends on the IPO listing of its Garden Fresh to be completed by Jun 2015. If the IPO is delayed / aborted, the convertible bond holders may or may not extend the maturity date of the second tranche of Convertible Bonds, which is due on Jun 2015. Sino Grandness: Appoints Mr Prayudh Mahagitsiri as Honorary Chairman — 16 Jan 2015 Sino Grandness — Bull TrapSino Grandness closed with a black marubozu @ S$0.465 (-0.015, -3.1%) wih 1.69m shares done on 16 Jan 2015. Immediate support @ S$0.445, immediate resistance @ S$0.475.
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Post by zuolun on Mar 2, 2015 8:53:39 GMT 7
Sino Grandness's waterfall decline chart pattern has a confluence of dead cross 1, 2 & 3 = when fall off the cliff, the survival rate is zero. (The chart pattern is identical to SDRL). Sino Grandness's current situation eerily reminds me of ex-chairman of Blumont, Alex Molyneux's interview — Damage control plan in place, nothing more.Sino Grandness's further upside solely depends on the IPO listing of its Garden Fresh to be completed by Jun 2015. If the IPO is delayed / aborted, the convertible bond holders may or may not extend the maturity date of the second tranche of Convertible Bonds, which is due on Jun 2015. 用柳叶来擦眼睛,把天眼开了,就能看见鬼的模样! Interim TP S$0.355 hit on 2 Mar 2015, Sino Grandness's Next TP S$0.19 - still valid ~ 2 Mar 2015 Sino Grandness plunged to low of S$0.33 and traded @ S$0.34 (-0.09, -20.9%) with 8.26m shares done on 2 Mar 2015 at 9.52am.
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