Qingmei

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12 years 4 months ago #7799 by Joes
Replied by Joes on topic Re:Re:Qingmei
I think our friend opted for half cash, half scrip. He collected 36 m shares, raising his stake to 63%. Ok, now he got a higher stake and more to lose if he plays with fire.

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12 years 3 months ago #8101 by Joes
Replied by Joes on topic Re:Qingmei
Surprise, surprise, Ah Mei is showing a lot of life, having gone up to 15.2 cents. This is a 7% jump this morning alone. Does that show we all misssed a great opportunity when it trading at 11 cents?

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12 years 3 months ago #8106 by jameskuwe
Replied by jameskuwe on topic Re:Re:Qingmei
ya, really regret not buying more at 11 cents. same can be said about sapphire corp. last traded at 13.7 cents. also missed accumulating at 11 cents

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12 years 3 months ago #8145 by jameskuwe
Replied by jameskuwe on topic Re:Re:Re:Qingmei
what a tremondous surge in price and volume for Qingmei during the last four days. Now trading at 16.2 cents (same price as Sapphire) at 6 million shares, a level not seen for a long long time. Corporate buying?

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12 years 3 months ago #8188 by observer2
Replied by observer2 on topic Re:Latest Buy Call
CIMB has just issued a buy call (below) on Qingmei with a TP of 24 cts:
"Consistently strong Chinese consumer demand has kept QINGMEI's growth story intact; with a FY12 double-digit yield of 14.3%, undemanding valuations of 1.7x CY13 P/E, and downside capped by high net cash per share of 14.1cts (87.6% of current share price), we think this stock is a definite steal.
Initiate with BUY, TP S$0.241.          

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12 years 3 months ago #8190 by jameskuwe
Replied by jameskuwe on topic Re:Re:Latest Buy Call
what an amazing climb by qingmei. increase by $0.015 or 9%. was at 18 cents at one stage, which was the price it was selling when it announced its dividends of 14%. expect it to break out of 18cents and beyond by this week end.

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