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12-05-2011, 09:10 PM
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#6176 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
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look at publicly traded chinese companies. there's been a lot of chatter from the owners/founders to take their companies private as the current market cap is not reflective of their true values.
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12-05-2011, 09:19 PM
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#6177 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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what happens to the public shareholders after a company goes from public to private?
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12-05-2011, 09:51 PM
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#6178 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
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Originally Posted by suzuka84  look at publicly traded chinese companies. there's been a lot of chatter from the owners/founders to take their companies private as the current market cap is not reflective of their true values. | The chinese companies I've seen where the owners/board say they're gonna take it private have said such things only after they ran into "accounting" issues, e.g. PUDA UPDATE 1-Puda Coal gets buy-out proposal from chairman | Reuters | |
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12-05-2011, 09:53 PM
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#6179 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
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lol @ sec investigations.... the whole sec is a joke.
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12-05-2011, 10:22 PM
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#6180 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,665
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Originally Posted by strykn ^ US market.
i need REALTIME alerts on my phone , any good apps? will pay | If you use iPhone, try connecting with an US VPN. Whenever I connect to VPN on my iPhone, the apple stock app become "live quote" instead of delayed by 20min.
I did some comparison, it's no more than a few sec delay between iphone's feed (off yahoo I think) and the one from my brokers.
__________________
Nothing for now
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12-06-2011, 09:48 AM
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#6181 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
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Originally Posted by jasonturbo Connacher Oil and Gas is making me a lot of money (t.cll)
+16% today.
Edit: make that +18%.
Edit #2: Make that +20% 
This stock is trading at .59/share, and has a lot of upward movement left in it.
Do some reading, IMO this company is a no brainer. There is virtually no risk of them going broke, they are sitting on a billion barrels of oil, have two SAGD plants running at about 70% (Good yield for this part of the world), a refinery making nothing but money, and various non core assets which are currently being sold to raise cash to clean up balance sheets.
There has also been very consistent inside buying... | CLL trading at .65/share, up another 10% today.
The last 5 trading days have taken me from .42 to .65, an increase of 55%.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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12-06-2011, 03:08 PM
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#6182 | | I contribute to threads in the offtopic forum
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Originally Posted by suzuka84 look at publicly traded chinese companies. there's been a lot of chatter from the owners/founders to take their companies private as the current market cap is not reflective of their true values. | CSR or China Security & Surveillance Tech. Inc. was taken private by the CEO at $6.50. It was trading around $4-5 for the longest time before it. There were investigations by shareholders saying the price undervalued the company etc. but the buyout still went through.
I would check out STV. China Digital TV Holdings. They have a huge cash balance. $3.50 of each share is cash and it's trading at $3.6x
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12-06-2011, 03:15 PM
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#6183 | | I don't get it
Join Date: Mar 2008 Location: burnaby
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if you look at the smaller market cap companies, you'll find many where the founder holds over 50% of the shares with a networth more than capable of taking the company private. They certainly did not need access to NA capital by going public, it was more for prestige and now it's killing their egos to see the share price/market cap low.
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12-08-2011, 08:24 AM
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#6184 | | I contribute to threads in the offtopic forum
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| The Stock Market, Canadian Stock Exchange | TMX Group
Trading halted on CLL pending news (@ .65)... best part is I bought another 18500 shares this morning at .61
Hopefully it's buyout anouncement... with any luck between 4-6$ Per share...
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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12-08-2011, 08:27 AM
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#6185 | | SiRVs up, dude
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^gluck.. We're you around during the Cuu discussion by any chance? Your comments are very reminiscent of those times Posted via RS Mobile | |
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12-08-2011, 08:38 AM
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#6186 | | I contribute to threads in the offtopic forum
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Originally Posted by SiRV ^gluck.. We're you around during the Cuu discussion by any chance? Your comments are very reminiscent of those times Posted via RS Mobile | CUU, CLL, SLI, one of a million small caps with a "similar" story.
There is various reasons for halt, possible purchase of company as a whole, JV, sale of Twinning property (non core asset), NEB approval of next expansion phase (sure bet on this one, probably multiple pieces of news in same released though).
At the end of the day, Connacher has had all the bad news already, there budget for 2012 was a joke, clearly laid out to keep share value down (37 million for maintenance?LOL) to allow more inside buying on the cheap.. people figured it out... and now the price is likely going way up. It's currently tradiing at half net value BEFORE 2P RESERVES... even if you buy this company now at 6$/share (roughly 3BL$) you will expect a return 30BL$ based on proven reserves.
No brainer IMO and thats why I am balls deep in this one.
GLTA. Though you never know what could happen... could lose it all lol.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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12-08-2011, 08:51 AM
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#6187 | | RS Veteran
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Good luck. I noticed the bid was N/A this morning and was wondering what was happening.
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12-08-2011, 10:56 AM
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#6188 | | I contribute to threads in the offtopic forum
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T.CLL Update!
Trading resumed, from .61 open today to a current .94
I'm up 47% on the day, I am yelling at you guys, the buyout will be somewhere between 4-6$/share. It's stil trading below net value of 1.40/share.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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12-08-2011, 11:32 AM
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#6189 | | I *heart* Revscene.net very Muchie
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Last edited by strykn; 12-08-2011 at 11:45 AM.
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12-08-2011, 11:50 AM
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#6190 | | Everyone wants a piece of R S...
Join Date: Jun 2006 Location: vancouver
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wow potash took a dive today
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12-08-2011, 12:07 PM
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#6191 | | RS Veteran
Join Date: Nov 2001 Location: An Island
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Originally Posted by jasonturbo T.CLL Update!
Trading resumed, from .61 open today to a current .94
I'm up 47% on the day, I am yelling at you guys, the buyout will be somewhere between 4-6$/share. It's stil trading below net value of 1.40/share. | Shit's crazy. Got in as quick as possible after it resumed buying 4000 shares at .77 Thanks!!
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12-08-2011, 12:17 PM
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#6192 | | I contribute to threads in the offtopic forum
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Originally Posted by AME_VIP Shit's crazy. Got in as quick as possible after it resumed buying 4000 shares at .77 Thanks!! | 30 million + shares traded hands today... pretty wild.
Whether youre long or short, good luck
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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12-08-2011, 12:31 PM
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#6193 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
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Originally Posted by no_clue wow potash took a dive today | Yeah F me...looks like I'm holding this stock for 10 years, please start having more babies people! 
Nice pickup for you guys on CLL  | |
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12-08-2011, 12:35 PM
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#6194 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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Still a bit skeptical but I dropped a few $$$ as well at 0.91, not going to be a long hold for me though most likely
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12-08-2011, 01:03 PM
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#6195 | | RS Veteran
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Yep my POT holdings are decimated too. Tempted to buy more at $40 but it is very concerning. I wonder if the competition from BHP is playing a part in the steady decline (not to mention recessionary risks)
Took profits on CLL selling at .90 but might buy in again tommorrow.
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12-08-2011, 03:16 PM
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#6196 | | Everyone wants a piece of R S...
Join Date: Jun 2006 Location: vancouver
Posts: 351
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If Israel says "fuck it" and bombs Iran, I wonder how the stock market will react?
Besides fuel commodities shooting up.
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12-08-2011, 04:03 PM
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#6197 | | I contribute to threads in the offtopic forum
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Stolen from the boards, here is a pretty basic explanation on why I am holding a long position on CLL. It's not a matter of speculation, it's math and economics... predictions for tomorrow are another big volume day (10mil+) and a share price peaking at not less than $1.20... Quote:
Whatever the buyout unless it is at least $3.50 the Exec's and BOD of this company should hang their heads in shame and appologise to shareholders for stringing us along all these years with platitudes of striving for shareholder value which is one hell of a joke. By their own numbers the after tax value including discounting the debt is 4.98.
Here is the value of what Connacher has: 10 October 2011of proven and probable oil reserves - $3.1 billion
Best estimate value of contingent - $570 million
Other assets - $140 million
Total assets - $3.8 billion
Less net debt - ($880 million) ( very recent sales not deducted)
Net asset value, pre-tax - $2.9 billion
Value On a Per Share Basis:
On a pre-tax, per-share basis, this equals $6.54 per share.
On an after-tax, per-share basis, this equals $4.98 per share.
Excluding the contingent resources, this equals $3.71 per share.
Scotia`s analyst, recent 1 yr target $1.60
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__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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12-08-2011, 04:20 PM
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#6198 | | My homepage has been set to RS
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Remember to book profits, always healthy to book profits. The buyout prices/posts are starting to sound CUU-ish.
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12-08-2011, 04:21 PM
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#6199 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
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Soros...what a baus
"Soros Buys European Debt Formerly Owned by MF Global, WSJ Says"
"George Soros’s family fund buys ~$2b European bonds, WSJ says, citing people close to matter"
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12-08-2011, 04:27 PM
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#6200 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
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Good pick on CLL. Gonna look into it more.. too bad I'm my money is in CUU right now.
POT's drop is also related to the drop in corn prices. all from the MF global bankruptcy
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