ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. › ValueBuddies.com › Singapore Listed Companies › E - E v
Elite KSB Holdings

Elite KSB Holdings

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#171
19-11-2013, 09:42 AM
Since the voluntary liquidation was announced on 4 Nov 2013, the short-sellers started to take advantage of those ill-informed investors, base on the SGX short-selling statistic.

Ref: http://www.sgx.com/wps/portal/sgxweb/hom...ell_orders

IMO, profitability depends on short-selling with borrowed shares. Naked short-selling might not work. The voluntary liquidation may take up to 6 months to complete.

(not vested, and not shorting)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
NTL Offline
I am a Freak!
*****
Posts: 1,045
Threads: 5
Joined: Nov 2012
Reputation: 6
#172
20-11-2013, 10:41 AM
Decide to sell off my 2lots and give my family a small treat.
Find
Reply
desmondxyz Offline
Senior Member
****
Posts: 609
Threads: 1
Joined: Jan 2013
Reputation: 12
#173
20-11-2013, 03:07 PM (This post was last modified: 20-11-2013, 03:08 PM by desmondxyz.)
(20-11-2013, 10:41 AM)NTL Wrote: Decide to sell off my 2lots and give my family a small treat.

expensive brokerage fees for 2 lots.....Cool
Find
Reply
NTL Offline
I am a Freak!
*****
Posts: 1,045
Threads: 5
Joined: Nov 2012
Reputation: 6
#174
20-11-2013, 03:30 PM
(20-11-2013, 03:07 PM)desmondxyz Wrote:
(20-11-2013, 10:41 AM)NTL Wrote: Decide to sell off my 2lots and give my family a small treat.

expensive brokerage fees for 2 lots.....Cool

Considering the amount I had earn from these 2lots, it is easier for me to accept that. Anyway, better to have $50 in my pocket than $0, if that day will come. Punishment for me for "selling too late". Big Grin
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#175
19-12-2013, 08:36 PM
The delisting is confirmed by SGX, trading will continue till 17 Jan 2014, which is about one month away. I wonder what will be market price tomorrow? Time to cover the short, for those shorted...

Ref: http://infopub.sgx.com/FileOpen/Elite-KS...eID=268373
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
NTL Offline
I am a Freak!
*****
Posts: 1,045
Threads: 5
Joined: Nov 2012
Reputation: 6
#176
19-12-2013, 09:43 PM
(19-12-2013, 08:36 PM)CityFarmer Wrote: The delisting is confirmed by SGX, trading will continue till 17 Jan 2014, which is about one month away. I wonder what will be market price tomorrow? Time to cover the short, for those shorted...

Ref: http://infopub.sgx.com/FileOpen/Elite-KS...eID=268373

Who still long the stock, and still buying?
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#177
20-12-2013, 09:43 AM
(19-12-2013, 09:43 PM)NTL Wrote:
(19-12-2013, 08:36 PM)CityFarmer Wrote: The delisting is confirmed by SGX, trading will continue till 17 Jan 2014, which is about one month away. I wonder what will be market price tomorrow? Time to cover the short, for those shorted...

Ref: http://infopub.sgx.com/FileOpen/Elite-KS...eID=268373

Who still long the stock, and still buying?

I am interested on the answer too Big Grin
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#178
15-01-2014, 07:35 PM
(19-12-2013, 08:36 PM)CityFarmer Wrote: The delisting is confirmed by SGX, trading will continue till 17 Jan 2014, which is about one month away. I wonder what will be market price tomorrow? Time to cover the short, for those shorted...

Ref: http://infopub.sgx.com/FileOpen/Elite-KS...eID=268373

A reminder from the company, on the last trading day of the company shares. Will there still buyer tomorrow? or rather will there still hope of "RTO" from retail investor?

Ref: http://infopub.sgx.com/FileOpen/Elite-KS...eID=270989
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#179
17-01-2014, 09:25 PM
The company will be suspended on coming Mon 20 Jan 2014, till the day the company delisted.

Bye-bye, Elite KSB...

Ref: http://infopub.sgx.com/Apps?A=COW_Corpor...tkuVBBYKYI
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#180
10-03-2014, 08:11 PM
The company will be delisted with effect on 1 April 2014 (Tuesday).

Ref: http://infopub.sgx.com/Apps?A=COW_Corpor...x2rsvlYKYI
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply


Forum Jump:


Users browsing this thread: 6 Guest(s)