Sunday, October 7, 2007

Confidence returning

Volumes started to creep back up again today as ATM issues and SL lag/performance improved. This was definitely boosted by one particular stock buy up.
Today’s movers and shakers: (BMC11%), (KJL-8%), (MFM125%), (PNK-54%), (RDX11%)

  • Blumont Capital Ltd (BMC) helped on by positive news of expansion plans and dividend post, investors jumped in on this low priced gem pushing value up to $L0.21.
  • Kejo Merlin Land Group (KJL) has been performing solidly, helped on by announcing a new SIM purchase hitting a daily high of $L1.19 and finished the day with some profit taking at $L1.09
  • Midas Fund Management (MFM) Heavily traded today with major shareholder Xiang Miles increasing holdings to 9.03%. Over 0.5M shares changed hands in the 24hrs and the lows of $L0.03 and $L0.04 look to be over as it closed at $L0.12
  • AtomicPink (PNK) run by in-world-guru Mitzy Maltz, saw a massive plunge today as a new major shareholder took on 1.68% position in the designer. Taking advantage of recent low volumes and overlooked by traders, this bargain buy could start the price on the road to recovery
  • Redux Technologies (RDX) Development conglomerate with and enormous market cap., has been recently suffering a major shareholder sell-out with Talal Wade reducing his position to 3.20%. (Some 40k shares today) Didn’t do the price too much damage as the reputation of this company is strong


Recommendations - Several today as general investor sentiment is positive and prices have not corrected across the board just yet:

  • (APZ) Horribly under priced since IPO after a major shareholder (not affiliated and I am still investigating this deliberate loss) dumped and caused third party jitters. Currently at $L2.03, my bet is this is a never-say-die stock with a hold value well above $L7.00
  • (HCB) Surprisingly still sitting around the IPO price of $L100.00, anything below this is a bargain based on it’s position with WSE. Expectations are high for solid interest payments on this bond due to OurBank Ltd. Backing.
  • (GAL) Although suffering from post-gambling-woes, GAL has certainly shown it's a well-backed and strong company. Anything under $L0.60 will get returns.
  • (GPB) An unbelievable amount of SLer's coming back from summer holidays and just now finding out about their "Bank” balance. Obviously to be told that it is now a tradable equity and not cash, and if you want to get any of it back you need to sell at 8% of it's original value...they are doing just that. I don't care what anyone says, this is; a bargain under $L0.25, a long-buy and with the imminent dividend/bond-interest and financial statements issued…just too good to pass up
  • (RDX) With a major shareholder dropping large volumes onto the market floor, anyone with half a mind (and some basic knowledge that this company is doing extremely well) will be bending down to pick up these shiny pieces of gold
Confidence is definitely returning,

SW

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