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The 0.55s are not sells, I did a couple of dummy buys which quoted me at 0.55.
All sells today. Looks like I flushed out some sellers, Are we going to have news soon? Long overdue methinks. Anybody else out there?
There seems to be a lot of buying pressure now. I think there has only been once sell since the one on the 21st of October. Ok, the buys are relatively small but I reckon this one has hit its floor and only bad news will send it down. Someone is buying in baskets of 1k so at least there os a degree of confidence in the shares. At investor nights the presenter said discussions were ongoing so it would be useful if there was some progress on this. One for the patient and orphans only as widows might not be around to cash in on eventual success.
nice bit of info there akramms. thank you
Around 2009, when the recession hit, the shipbuilding industry took a hit. YZJ diversified into other area including estate.... so that income could be made elsewhere during that time. Since then those none-core businesses are not performing as well. YZJ has decided to restructure itself to sell off all the non-core related businesses and focus on its core businesses of shipping/offshore.
is this good news. ????
Yangzijiang Shipbuilding sells non-core subsidiary businesses Shanghai: Yangzijiang Shipbuilding (Holdings) has restructured and divested its non-core property subsidiaries to focus on shipbuilding and its related businesses. ... http://www.sinoshipnews.com/News/Yangzijiang-Shipbuilding-sells-non-core-subsidiary-businesses/3w3c3217.html
shows as a sell 180k @ 14.43. so annoying.GLA
It has moved from .53p to .55p now with my broker so hopefully is bouncing off its bottom. I can't see much downside and if one of these orders comes through, it will be like all our Christmases at once!
Keep up the good work Akramms,I am anticipating 100%-200% rise here any day.I like the bit, "It stated "Discussions regarding further orders continue and are advanced":)
Not to mension there yard is completed and they can build up to ten offshore rigs, four semisubmersibles and two drill ships simultaneously.
Last month Amedeo Resources gave the following presentation at Manchester: http://www.proactiveinvestors.co.uk/genera//files/companies/3_amedeo_540ed2f0dc64f.pdf It stated "Discussions regarding further orders continue and are advanced" Someone at the meeting questioned Zafar Karim who didn't go in detail but did state that: (see post 176) One thing though that order for follow on rigs - talks are progressing. It takes at least 9 months from start of discussion to completion. He was not able to say yes or no as it was inside info but they are in talks with several companies at different stages from 2 to 4 to 8 month stages..... The presentation states they are in advanced stages so should be close to hearing some good news. Not to mension they acknowlegded that they were in talks with Primepoint Drilling for 2+2 Semi Subs in Feb 2014 (9 months ago) and they stated that due to financial issues on Primepoint's side that the deal was halted but could still proceed.
Over last few days buys have been showing as sells You can currently purchase at 0.53 where the share price is at 0.575, hence showing as sells. This is a steal.
INTERESTING READ: ICBC favours big companies http://www.sinoshipnews.com/News/ICBC-favours-big-companies/3w3c3207.html
I sniff the signing off a lucrative contract...
why you think & say that Clulowd?
With China overtaking Singapore in rig building,take a look at this also from Sinoshipnews. Shanghai: Jiangsu province has topped China’s shipbuilding industry in terms of both new order volumes and completed shipbuilding volumes in the first three quarters of this year, according to statistics from the Jiangsu local government. Shipyards in Jiangsu received 321 newbuilding orders in total in the first three quarters, which accounts for 18.5% of the total global new orders in the period, and a surge of 61.2% year-on-year. The shipyards also hold in hand orders for 1,189 vessels, which accounts for 21.7% of the global market share. [20/10/14] http://www.sinoshipnews.com/News/Jiangsu-ship-orders-surge/3w3c3192.html. This is great for the shipbuilding news.Bring on the rig building. I hope the new orders allowing to overtake Singapore in reference to rig building come to us in the majority.
Those last trades are in fact buys. Astonishing, but I've been quoted 0.522p in the afternoon to buy, with sells at 0.50p, so very tight spread in reality. Could prove a bargain entry, but I've little capital left available to top-up. Never easy, to 'find' the bottom! I feel any day we could see a rush of buys; agreed, we should never have fallen much below the penny, but the markets have been on a rollercoaster ride lately, and P.I's are a fickle bunch. interesting akramms, an informative site which I like to browse regularly as well.
Nice find. It's taking a while,but all will come good shortly.In the meantime I will continue to take advantage of the price. We managed to reach over 3p for a rumour. What will happen as each deal is confirmed.1.2.3.4.. Then we get to hear of bookings of 1,2,3,4,years in advance. Profits on a continuous climb year in year ouy. What do you suppose the multiple of todays price will be against those figures above. Retirement very soon. GLA. Have a great evening.
INTERESTING READ: China overtakes Singapore in jack-up rig construction http://sinoshipnews.com/News/China-overtakes-Singapore-in-jack-up-rig-construction/3w3c3200.html
is confirmation of a single new contract as the current rig-build progresses and the price will multibag. Patience; just patience.
that's the very point,we should be at least a penny worth,:)
announcement expected in next few days - get 'em while they're hot!
Isn't the placing rather old news ? Am glad to see some buying today to redress the pricing following the sale at .515 rgds
Approximately £3 million (US$5 million) has been raised by way of a subscription for 300,480,769 new ordinary shares of 0.1p each in the capital of the Company (the "Subscription Shares") at a price of 1 pence per Subscription Share (the "Subscription") by Mena Global Investments 1 Limited ("Mena"), a fund based in Malaysia. In addition, the Company has raised, conditional inter alia, upon the Subscription £2.2 million by way of a placing of 221,283,800 new ordinary shares of 0.1p each in the capital of the Company (the "Placing Shares") at a price of 1 pence per Placing Share (the "Placing") with institutional and other investors