ISDN -- why rise so fast?

More
04 Apr 2013 10:03 #13664 by Val
Replied by Val on topic ISDN -- why rise so fast?
3 weeks ago got share placement at 24 cents. last night announced another placement -- this time at 45 cents. Recently, directors also placed out vendor shares at 32 cents. Major dilution for existing shareholders and the other challenge is there is little clarity on the near-term potential of the new ventures.

Please Log in or Create an account to join the conversation.

More
09 Apr 2013 13:38 #13696 by Rich
Replied by Rich on topic ISDN -- why rise so fast?
NRA Capital's fair valuation of ISDN was recently reported to be just S$0.24, "after rolling forward our base from FY13 to FY14, still pegged at 1x P/NTA."

I hope Morpheus and other readers didn't get burnt by ISDN falling from 90+ cents 2 days ago to 76 cents currently.

Please Log in or Create an account to join the conversation.

More
09 Apr 2013 14:17 #13697 by Speedster
Replied by Speedster on topic ISDN -- why rise so fast?
I had offloaded all my holdings that I had bought one year ago when it was thinly traded at low prices. There is no certainty that the agreement will go through and even if it did, there is no assurance that a hydropower plant will yield positvie returns as i had noted that on the Catalist board, Asiatic is also building a hydropower plant and a biomass project. But then its earning is not splendid. Of course the scale of projects may be different but I am cautious as any legal dispute, project delays or cost overruns will have material impact on the expected earnings of the energy-related projects. They are large investment amounts involved so better be prudent. For those who are vested, best of luck to you. I wiould rather look at others. So far, Digiland may be a better bet (though with some risks) as it is priced at the lowest (0.1 cents) while its net assets should be about 5 cents if I am not wrong. Moreover, Thai Coke trader, General Nice had bought the Rights shares at 0.1 cents too to becme a substanstial shareholder. A RTO may be on the cards.

Please Log in or Create an account to join the conversation.

More
10 Apr 2013 13:34 #13704 by Rich
Replied by Rich on topic ISDN -- why rise so fast?
Nice one Speedster. Fundamentally, the earnings of ISDN were not great last year and the new ventures (hydropower, Myanmar, coal) will take several years to bear fruit.

When I saw the stock touch 90 cents, I thought oh my god, a lot of people will get slaughtered if they had just got in. On a PE basis, the stock was trading at 50X last year's earnings! It's higher PE if you take into account the no. of shares placed out in a few rounds recently.

Good luck. (King Wan Corporation would look much more attractive at a dividend yield of 9% currently -- but tht's another story).

Please Log in or Create an account to join the conversation.

More
10 Apr 2013 22:34 #13706 by Speedster
Replied by Speedster on topic ISDN -- why rise so fast?
King Wan looks ok to me. But will look at the best opportunity to enter it as now the market not moving a lot with the uncertainty clouding the North Korean missile threat and the slowdown in many economies. f it is a down market, I will look at best price level to enter.Thks

Please Log in or Create an account to join the conversation.

More
15 Apr 2013 18:27 #13731 by Val
Replied by Val on topic ISDN -- why rise so fast?
ISDN -- be mindful of the low earnings of the company and its very steep valuation.

Speedster, what do you really think of King Wan Corp?

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings1.150-
AusGroup0.023-
Avi-Tech Electronics0.270-
Best World Int.1.360-
CEI0.9400.025
China Sunsine1.030-0.020
CNMC GoldMine0.285-
CSE Global0.4450.010
Eagle HTrust USD0.685-0.005
Food Empire0.520-0.015
Golden Energy0.187-0.001
GSS Energy0.0730.001
ISDN Holdings0.215-
ISOTeam0.230-
JB Foods0.640-0.005
KSH Holdings0.440-0.005
Miyoshi0.040-
Moya Asia0.068-
Nordic Group0.265-
Oxley Holdings0.305-
Procurri0.320-
REX International0.0830.007
Riverstone0.9250.010
Roxy-Pacific0.375-0.005
Sing Holdings0.395-
SingMedical0.320-0.020
Straco Corp.0.730-0.010
Sunningdale Tech1.300-
Sunpower Group0.450-0.010
The Trendlines0.0830.001
Tiong Seng0.210-
Uni-Asia Group0.730-0.005
Yangzijiang Shipbldg0.915-0.015

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1214 guests and no members online