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Lee Kim Tah
Posted:
Wed Dec 10, 2008 10:47 pm
by memphisb
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
Re: Non public traded SGX Companies
Posted:
Thu Dec 11, 2008 7:29 am
by LenaHuat
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
Maybe there are more "Khoo Teck Puat"s out there
Re: Non public traded SGX Companies
Posted:
Thu Dec 11, 2008 9:34 am
by millionairemind
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
Re: Non public traded SGX Companies
Posted:
Thu Dec 11, 2008 8:56 pm
by memphisb
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'
Re: Non public traded SGX Companies
Posted:
Thu Dec 11, 2008 9:05 pm
by millionairemind
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
Re: Non public traded SGX Companies
Posted:
Thu Dec 11, 2008 9:23 pm
by helios
yo brother,
why the specific interest in LKT?
family interest??
Re: Non public traded SGX Companies
Posted:
Sat Dec 13, 2008 12:31 am
by memphisb
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.
Re: Non public traded SGX Companies
Posted:
Sat Dec 13, 2008 8:29 am
by helios
you have the same thoughts as qxing ...
Re: Non public traded SGX Companies
Posted:
Sat Dec 13, 2008 8:39 am
by qxing78
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.
Re: Lee Kim Tah
Posted:
Sat Dec 13, 2008 9:26 am
by winston
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