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Fluctuation in steel price is a small factor for AEH business at this stage. They have already ramp down their business / inventory since last year.
Their main clients are from OnG/Shipping and Construction. Construction may benefit somewhat from government infrastructure investments to support, now that the economy is going down. OnG and Shipping sector however is in severe downturn now and if history is any guide, such cycle last a few years at least.
So currently AEH may look like good buy with limited downside, however for any substantial upside have to really be prepared to hold for a couple years before the bust cycle in OnG and shipping ends.
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slowly accumulate on dips, and hope boss won't delist on the cheap! 
hey it rhymes! 
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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(07-05-2016, 03:43 PM)brattzz Wrote: slowly accumulate on dips, and hope boss won't delist on the cheap!
hey it rhymes!
Haha that's a good rhymes!
Delist on the cheap is always a concern for value investment in small/medium cap.
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AEH has been around for ages, going through several busts
I don't think they are interested in delisting.
Also, for steel stockists, being a listed company gives you a credibility edge over your competitors, seeing that it's afterall a commodity type of business. The bigger worry for SHs now, IMHO, is the MTP imposed by SGX.
https://thumbtackinvestor.wordpress.com/
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(08-05-2016, 10:56 PM)TTTI Wrote: AEH has been around for ages, going through several busts
I don't think they are interested in delisting.
Also, for steel stockists, being a listed company gives you a credibility edge over your competitors, seeing that it's afterall a commodity type of business. The bigger worry for SHs now, IMHO, is the MTP imposed by SGX.
https://thumbtackinvestor.wordpress.com/
MTP is a non issue for AEH or shareholders. The liquidity is already so low despite the lot size is 100 shares now, even a 10 to 1 consolidation should be a non issue.
AEH other option can also be share buy backs. With so low volume its too easy for AEH to bump share price above 20cents anytime, look at the sell queue just a few hundred lots buy back wont do much damage to cash pile either.
Either way there will be no dilution of OPMI interest.
The only worry and its not really that big, is how long the OnG/shipping sector and local construction sector will take to recover. History tells us it will take at least a few years once the bust cycle starts.
We all know the bust is already priced in for AEH so an investment in this stock is just a matter of waiting for the sectors it operates in to recover.
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It seems that there has been some rather significant selling by a substantial shareholder. In two months from March 4, 3016 to May 10, 2016, he sold 3,627,000 shares out of a total 4,312,500 traded, a whopping 84% of all traded shares! At least now I know who I have been buying from
Weird though that there are only two announcements:
http://infopub.sgx.com/FileOpen/_eFORM3V...eID=392849
http://infopub.sgx.com/FileOpen/_eFORM3V...eID=403799
He didn't declare the 3+ million units sold in between?
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10-05-2016, 09:41 PM
(This post was last modified: 10-05-2016, 09:43 PM by BlueKelah.)
this fellow is a malaysian Dato leh
Mr. Thim Pheng Chong, also known as Winstedt, PBM served as an Executive Chairman of Hartawan Holdings Limited from January 11, 2010 to December 12, 2013 and served as its Non-Executive Chairman from July 2, 2009 to January 10, 2010. Mr. Chong has more than 20 years of experience in the marine dredging and reclamation business; more than 2 years experience in foods and hospitality businesses. He was with Straits Engineers Contracting Pte Ltd. in Singapore from 1976 to 1989, where he managed and supervised several dredging and reclamation projects in Singapore, Malaysia and Indonesia. Mr. Chong founded Links Island Holdings Limited (now Manhattan Resources Limited) in 1990 and served as its Chairman from December 28, 1990 to June 1, 2004. He serves as a Director of 3T Investment Holding Co. Ltd. (Cambodia). He served as a Director of Hartawan Holdings Limited from July 2, 2009 to December 12, 2013. He served as a Director of Lim Luan Seng Foods Industries Pte Ltd., A's Food Pte Ltd and Otah Otah Pte Ltd. He served as a Director of Manhattan Resources Limited from December 28, 1990 to June 1, 2004. He served as a Director of Wilton Resources Corporation Limited until December 2013.
Previous Director of Manhattan Resources
http://www.bloomberg.com/research/stocks...Id=7658144
This stock crashed pretty badly, maybe he needs some fund to help out there..(pure speculation)
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10-05-2016, 09:54 PM
(This post was last modified: 10-05-2016, 09:55 PM by TTTI.)
(10-05-2016, 09:41 PM)BlueKelah Wrote: this fellow is a malaysian Dato leh
Mr. Thim Pheng Chong, also known as Winstedt, PBM served as an Executive Chairman of Hartawan Holdings Limited from January 11, 2010 to December 12, 2013 and served as its Non-Executive Chairman from July 2, 2009 to January 10, 2010. Mr. Chong has more than 20 years of experience in the marine dredging and reclamation business; more than 2 years experience in foods and hospitality businesses. He was with Straits Engineers Contracting Pte Ltd. in Singapore from 1976 to 1989, where he managed and supervised several dredging and reclamation projects in Singapore, Malaysia and Indonesia. Mr. Chong founded Links Island Holdings Limited (now Manhattan Resources Limited) in 1990 and served as its Chairman from December 28, 1990 to June 1, 2004. He serves as a Director of 3T Investment Holding Co. Ltd. (Cambodia). He served as a Director of Hartawan Holdings Limited from July 2, 2009 to December 12, 2013. He served as a Director of Lim Luan Seng Foods Industries Pte Ltd., A's Food Pte Ltd and Otah Otah Pte Ltd. He served as a Director of Manhattan Resources Limited from December 28, 1990 to June 1, 2004. He served as a Director of Wilton Resources Corporation Limited until December 2013.
Previous Director of Manhattan Resources
http://www.bloomberg.com/research/stocks...Id=7658144
This stock crashed pretty badly, maybe he needs some fund to help out there..(pure speculation)
He's selling at a loss (not considering the dividends)
I rem he was accumulating sometime back, prob a couple of yrs ago. He started accumulating right after I've done buying.
He has quite a bit of history, including being convicted of some securities fraud of some sort in Singapore many many years ago.
If I rem correctly, he's also an advisor now to Dektos, a tiny relatively new hedge fund
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Frankly speaking, it is of no concern to me whether an external shareholder (big or small) buys or sells his shares. In fact, I hope he sells more at this level.
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(10-05-2016, 10:04 PM)beau Wrote: Frankly speaking, it is of no concern to me whether an external shareholder (big or small) buys or sells his shares. In fact, I hope he sells more at this level.
Same here, it provides some liquidity to purchase without too large of a bid-ask spread. But just interested to know why the transactions weren't announced? Isn't it compulsory for substantial shareholder above 5% to declare all transactions?
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