Singapore O&G Ltd

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#31
None for me too.
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#32
Balloting Results: http://infopub.sgx.com/FileOpen/SOG_Ball...eID=354622

The higher you bid, the lesser chance of getting a lot. Another thing to note is that distribution of 1 lot = 1,000 shares.

(did not ballot successfully)
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#33
Fully refunded. $2 aka 1 fillet o fish to them haha !
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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#34
Got hold of 7 lots
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#35
What price do you think it will open tom? Hopefully not above 30c. [emoji1]
Time to roll!!!
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#36
nothing for me Sad

The current queue buy/sell price is at 0.45!!!
The toughest thing to do is have to wait for the opportunity patiently.
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#37
The up-to-minute market price is 56.5 cents per share, with historic PE of slightly more than 26. It is much closer to its peers in SGX.

The company biz model seems very promising, with the following
- high net margin, with room to improve due to growing economic of scale of bulk purchases, and centralized pools of resources.
- Well-aligned of stakeholders interest, for shareholders and employees.
- High scale-ability with its M&A strategy, and likely via equity rather than Capex

I have no doubt on the company current valuation. Big Grin

(not vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#38
Be wary of what Mr Market is saying when free float is so low. Look no further than what operators are doing to Jason Holdings.

One can choose to swim with the sharks if one is nimble or love excitement. "Everybody gets what they want out of the market"- Ed Seykota. Been there done that and I choose to sleep well at night.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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#39
(04-06-2015, 10:16 AM)specuvestor Wrote: Be wary of what Mr Market is saying when free float is so low. Look no further than what operators are doing to Jason Holdings.

One can choose to swim with the sharks if one is nimble. Been there done that and I choose to sleep well at night.

I agree with you, low free float is a concern, and play a part on the valuation.

I don't think it is appropriate to compare SO&G with Jason Holding. First of all, comparing a historic PE 27 with a worrying PE of 330, is way off. Next, one with a "near-promise" of 90% payout, but the other one with a "near-promise" of no dividend. I have not even touch on balance sheet and cash flow yet, which Jason is way off Big Grin

In short, we shouldn't generalize. (Too much) Generalization is a enemy of true-finding, at least in engineering field of mine. Tongue
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#40
Was hoping to get in at below 35c at 9am but opening price was already 45c and the price shoot up very quick. Not very comfortable at 25+ PER so gave it a pass. Now I'm regreting my decision. [emoji20]
Time to roll!!!
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