Shanghai Tonva Petrochemical Co. (1103)

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#1
at current price of 0.67 has a P/E of 6.5 , a P/BV of 0.8 and a dividend yield of almost 10%.
Sorry I did not post this before but it just jumped up 10% the day after I bought it Big Grin
I think it can still be worth buying though.
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#2
what is the underlying business
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#3
http://www.tonva.com/en/index/
I'm pleased to see it went up to 0.72 this afternoon , I have no idea of what's boiling in the pot though.

might be this http://www.hkexnews.hk/listedco/listcone...021720.pdf , they are probably pumping up the stock price in order to place the new shares at maximum price of 0.80 .
I think I will put a sell order at 0.80 for tomorrow.
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#4
There seems to be a placing of 70 mil shares by the company at price between $0.65 and $080

http://www.aastocks.com/EN/ltp/LTP_RT_Qu...41813.html
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#5
great day for Shanghai Tonva Big Grin


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#6
(23-07-2013, 02:39 PM)Gaudente Wrote: great day for Shanghai Tonva Big Grin

Which website did you use for the attached pic? Or is it your brokerage account?

The Bid Ask segment will be great if it's free. Big Grin
"Criticism is the fertilizer of learning." - Sir John Templeton
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#7
(23-07-2013, 03:39 PM)dzwm87 Wrote: Which website did you use for the attached pic? Or is it your brokerage account?
it's my broker trading screen
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#8
further up to 0.76 Big Grin
The company announced a positive profit warning Big Grin
http://www.hkexnews.hk/listedco/listcone...722233.pdf
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#9
another 9% up to 0.83 ! Big Grin
almost 6 million volume ! Something big must be boiling in the pot Big Grin
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#10
Congratulations! May I know what broker screen you're using?

My broker (AmFraser) initially was able to view the Bid/Ask spread before the entire UI was revamped.
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