The Hour Glass

sigh ... another one that slip of my investment fingers.
was being too greedy and hoping for the more downward price adjustment.

(02-08-2012, 10:56 AM)propertyinvestor Wrote: I sold all my hour glass to suckers today who bought it up from me at 1.41 and 1.40

wow the language used.....

(02-08-2012, 01:10 PM)crabcrab Wrote: Hmm..... sellers from different counter parties.... DBSV / Phillip /CIMB / Kim Eng / OCBC / UOBKH / Fraser....., all small players.... To Propertyinvestor: hmmm, which one is yours????... Seems that all well absorbed, no foreign fund sighted and buyer definitely is not contra players...... Gd sign...... good luck ....

How did you get that breakdown info?

i not sure if it was a fallen into trick...but today's post i think you may have accidentally showed your personal valuable trumph card to others - your recent average up price.

for me i also have been holding all my THG shares bought at $0.64 some years ago and never sold a single share to-date.

(02-08-2012, 01:10 PM)crabcrab Wrote:

(02-08-2012, 12:31 PM)Drizzt Wrote:

(02-08-2012, 10:56 AM)propertyinvestor Wrote: I sold all my hour glass to suckers today who bought it up from me at 1.41 and 1.40

wow the language used.....

Hmm..... sellers from different counter parties.... DBSV / Phillip /CIMB / Kim Eng / OCBC / UOBKH / Fraser....., all small players.... To Propertyinvestor: hmmm, which one is yours????... Seems that all well absorbed, no foreign fund sighted and buyer definitely is not contra players...... Gd sign...... good luck ....

I will throw more to suckers on the market tml if its still 1.40

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(02-08-2012, 12:27 PM)crabcrab Wrote: Hmm.... a new benchmark for THG at $1.445!!!

Why you so proud of that 1 lot at 1.445

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(02-08-2012, 11:38 AM)crabcrab Wrote:

(02-08-2012, 11:02 AM)dzwm87 Wrote:

(02-08-2012, 10:56 AM)propertyinvestor Wrote: I sold all my hour glass to suckers today who bought it up from me at 1.41 and 1.40

Let's hope it's not anybody here in this forum..

So may I know why do you think 1.40/1.41 is the max value of hr glass for you?

Hmm....Crabcrab felt hungry, he began to source for the right food for his appetite..... and he whizzed past THG.... Attracting to its lustre and shine, he began to approached THG, each time nearer and nearer, awaiting for the right opportunity to pounce on.... And alas, few shares appeared in the queue, so he crawled towards them, using his mighty pincers to tear them apart, eating up the shares of the THG, slowly and steadily... one by one.... "It is delicious....!!! It is scrumptious!!!" exclaimed Crabcrab

The supply of THG shares began to get lesser, as more and more sea creatures discovered that THG is a valuable source of protein.... More and more willing to pay a high price for it.... Many started to talk about it.... Each time now, many sea creatures want to own it, each time now.... awaiting for the right opportunity to eat it.... THG became more valuable... The price went up....... finally

I will give you a buffet treat tml, make sure you buy up all the way to 1.50

(02-08-2012, 09:16 PM)propertyinvestor Wrote: I will give you a buffet treat tml, make sure you buy up all the way to 1.50

Never under-estimate Mr Market's genuine intention and ability, especially in the case of a very high-quality stock and business like THG. By looking at today's closing 'sell' queue, there are only 64 lots queued all the way to $1.50 - i.e. it will take only a little over $90k of market capital for Mr Market to breach the $1.50 mark in one single stroke! Of course, one may argue that there will be new and more willing sellers emerging as the price goes up, but I really doubt there will be many THG shareholders who will sell and push the price right down again. The reason is quite simple - even at $1.50, most shareholders will likely still hold the view that THG remains under-priced vs. its fair intrinsic value, which, IMHO, is in excess of $1.80. My simple valuation basis: 6x of FY12's FCF, plus 31Mar12's net cash reserve and property reserve (adjusted to CMV), less FY12's $0.06/share Final dividend.

Now, please don't say I am trying to talk up THG's share price, as I am merely sharing my views in response to the above remark. As usual, I advise all investors to do their own research into a stock and do their own valuation.

(02-08-2012, 09:16 PM)propertyinvestor Wrote:

(02-08-2012, 10:56 AM)propertyinvestor Wrote: I sold all my hour glass to suckers today who bought it up from me at 1.41 and 1.40

I will throw more to suckers on the market tml if its still 1.40

U say u sold all THG shares today. Tomo still throw to suckers if still 1.40. I dunno whether u joking or not but to short an illiquid counter is not wise imo.

(02-08-2012, 10:43 PM)Bibi Wrote:

(02-08-2012, 09:16 PM)propertyinvestor Wrote:

(02-08-2012, 10:56 AM)propertyinvestor Wrote: I sold all my hour glass to suckers today who bought it up from me at 1.41 and 1.40

I will throw more to suckers on the market tml if its still 1.40

U say u sold all THG shares today. Tomo still throw to suckers if still 1.40. I dunno whether u joking or not but to short an illiquid counter is not wise imo.

If I like, I can borrow many shares to sell short

Why would anyone in the right mind want to go short on an illiquid and under-priced stock which has a strong shareholder base and an underlying business that is destined to do well financially in the forseeable future? Because of wrong ego?

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