Lee Kim Tah

Lee Kim Tah

Postby memphisb » Wed Dec 10, 2008 10:47 pm

Hi bros and sis,

I may sound like a moron for asking this but I rather be a fool for 5 mins then forever ignorant if someone could help to answer my qn.

I came across some stocks listed on SGX that are not traded. What does that mean? No stock price movement or anything. Does its listed but no IPO ever? I can't figure why does this situation occur. Are there any other Corporate reasons for getting listed on mainboard just like that?

Many thanks in advance
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Re: Non public traded SGX Companies

Postby LenaHuat » Thu Dec 11, 2008 7:29 am

Not too long ago, there was a ticker "Goodwood Park Hotel". It was almost never traded for years.
Surely U know the reason why it was so :lol: :lol: :lol: Maybe there are more "Khoo Teck Puat"s out there :roll:
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Re: Non public traded SGX Companies

Postby millionairemind » Thu Dec 11, 2008 9:34 am

memphisb wrote:Hi bros and sis,

I may sound like a moron for asking this but I rather be a fool for 5 mins then forever ignorant if someone could help to answer my qn.

I came across some stocks listed on SGX that are not traded. What does that mean? No stock price movement or anything. Does its listed but no IPO ever? I can't figure why does this situation occur. Are there any other Corporate reasons for getting listed on mainboard just like that?

Many thanks in advance


Hi M,

I guess you are referring to mostly small caps stocks that do not have any daily traded volume for months. These were listed and maybe once hot. But our mkt is so small and amount of money limited that the punters have left them and now chasing after the next HOT STOCKS...

If you take the UPs and DOWNs on Singapore Exchange and add them up and compare them against the total number of stocks listed, almost 30-40% of the stocks listed have no daily traded volume...

Hope this helps.

mm
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Re: Non public traded SGX Companies

Postby memphisb » Thu Dec 11, 2008 8:56 pm

Hi,

I guess I will be more specific in which particular stock, Lim Kim Tah. I prefer not to menstion the post from our WS forum where its menstion. Look its buying its own stocks from its finance company, i presume its other shareholders selling back? but prices is not reflected in the 'open market'
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Re: Non public traded SGX Companies

Postby millionairemind » Thu Dec 11, 2008 9:05 pm

Hi M,

I checked the Time and Sales for LKT. There hasn't been a single trade since Dec 3. See below. The last done was on Dec 2 so the price always reflect the last done.

Apparently alot of buying up till Dec 2 was done by Lee Kim Tah Investments Pte Ltd, Lee Soon Teck, Lee Yong Chuan Edwin. Insiders buying maybe to support share price??? Undervalued??

Not sure if this helps.

Historical Price Data
Date Open High Low Close Volume
11 Dec 2008 - - - - 0
10 Dec 2008 - - - - 0
09 Dec 2008 - - - - 0
05 Dec 2008 - - - - 0
04 Dec 2008 - - - - 0
03 Dec 2008 - - - - 0
02 Dec 2008 0.325 0.325 0.325 0.325 120,000
01 Dec 2008 0.325 0.325 0.325 0.325 30,000
28 Nov 2008 0.330 0.330 0.325 0.325 40,000
27 Nov 2008 - - - - 0
Previous 2 weeks (13 Nov 2008 to 26 Nov 2008) 0.330 0.330 0.320 0.325 337,000
Previous 4 weeks (15 Oct 2008 to 12 Nov 2008) 0.000 0.400 0.310 0.310 389,000
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Non public traded SGX Companies

Postby helios » Thu Dec 11, 2008 9:23 pm

yo brother,

why the specific interest in LKT?

family interest??
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Re: Non public traded SGX Companies

Postby memphisb » Sat Dec 13, 2008 12:31 am

Hi San San,

They developed Jurong Point and centris :) Recently been to Jurong Pt extension and I feel its very well planned n good shops.
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Re: Non public traded SGX Companies

Postby helios » Sat Dec 13, 2008 8:29 am

you have the same thoughts as qxing ...
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Re: Non public traded SGX Companies

Postby qxing78 » Sat Dec 13, 2008 8:39 am

I like Jurong Point for his wide selection of shops.
But whether Lee Kim Tah is a good investment, that I dun know.
Valuations wise, it is not cheap compared to Guthrie, Sp Land and other more liquid property landlord stocks.
Unless there is M&A play, else might have to wait long long.
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Re: Lee Kim Tah

Postby winston » Sat Dec 13, 2008 9:26 am

Dear All,

I have changed the name of this thread to "Lee Kim Tah".

I have also moved it into the "L" section of the SGX stocks section.

Take care,
Winston
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