Posted by alex90gray > 2013-09-20 17:43 |

Post removed.Why?

Posted by Nallayak > 2013-09-20 21:54 | Report Abuse

albedo must Rto like Rowsley, at 15c at a premium to mkt price of 14c . Where got don't respect mkt price chiat minority

Posted by albertlaw > 2013-09-20 23:18 | Report Abuse

The rich gets richer

Posted by Nallayak > 2013-09-21 12:05 | Report Abuse

if SGX lax the rich in this case the foreign tycoon get rich from Spore investing public who has to foot his introducer buddy fee, maybe even the conversion chages / premium payable to convert agriculture land use to housing or industrial use. Conversion to industrial use is especially very much more expensive than converting to housing but who pays, if SGX lax in reading fine print , u and I and the public pays for it

Posted by Nallayak > 2013-09-21 19:04 | Report Abuse

If the Msian tycoon wants to tapped SGX investors then he must pay some premium lah, otherwise go back to Bursa, even Bursa will not allow him to abuse the minority this way with crazy dilution

Posted by pyramidpoh > 2013-09-22 08:03 | Report Abuse

Malaysia VT reverse taking over the company based on the news on 20/9/13.

Posted by Nallayak > 2013-09-22 15:22 | Report Abuse

not VT, his younger bro DT , both Malaysians should know Agri land cannot be sold to non citizens and yet they try to circumvented the National Land Code, his fren Mahathir should tell VT to tell his bro off unless convert the land and pay up the conversion premium then different story

Posted by Hokkien > 2013-09-22 21:53 | Report Abuse

Wishing good luck to those who are still rushing in to buy this counter.

Posted by pyramidpoh > 2013-09-23 09:27 | Report Abuse

Is any risk involved in buying this kind of counter?please advise.Tq

Posted by Nallayak > 2013-09-23 11:12 | Report Abuse

more risky than going to casinos, must be nimble and take profit all the time, must not take delivery to reduce risk and in case RTO called off

Posted by albertlaw > 2013-09-23 11:22 | Report Abuse

Albedo looks like will catch up or even exceed Rowsley price by way of the 17x consolidation.
Milo..normally consolidation investors lose out..typically...u sure will benefit..Is this the way to calculate say we buy at $0.066@17lots based on current market price which works out to $1.122 verses $0.38sori my calculation may be wrong your views plse

Posted by Nallayak > 2013-09-23 12:16 | Report Abuse

Albedo how to beat Remiser King, Rowsley the Royal chip

Posted by pyramidpoh > 2013-09-23 15:47 | Report Abuse

I think Albedo will be 2nd Rowsley .

Posted by inphyy > 2013-09-23 18:19 | Report Abuse

Exercise of warrants pursuant to the rights cum warrants issue

Posted by Nallayak > 2013-09-23 18:22 | Report Abuse

no way, there's only one King Remisier although he's close to DT's elder bro

Posted by kezgtree > 2013-09-24 09:43 | Report Abuse

yup...one and only....see how he makes tons of $$ from raffles town club

Posted by inphyy > 2013-09-24 11:33 | Report Abuse

hmmm...warrant shares expensive, near to mother shares price

Posted by Nallayak > 2013-09-24 15:49 | Report Abuse

raffles twn club wont be built without his funding, but very crowded

Posted by albertlaw > 2013-09-25 08:55 | Report Abuse

Cheater...misrepresented..10000 club members become >30000members..no wonder he compensated members with $2k food vouchers after the court saga..P.L is always winning at the expense...

Posted by Nallayak > 2013-09-25 11:13 | Report Abuse

Europa over bidded for the land only P Lim was able to fund it so it was gullible membership applicant with easy payment instalment plan from credit card creating the huge overcrowding

Posted by Nallayak > 2013-09-27 10:45 | Report Abuse

BT today slammed albedo for injecting farmland into Albedo. if so plenty of farmland from Australia can be injected too

Posted by nightshade > 2013-09-27 11:26 | Report Abuse

even SGX counters you are actively participating ?

Posted by Nallayak > 2013-09-27 11:56 | Report Abuse

easier money

Posted by nightshade > 2013-09-27 12:25 | Report Abuse

you are here also because of Trop, am I right?

Posted by Nallayak > 2013-09-27 13:00 | Report Abuse

any counter that stir or move have to take interest lah

Posted by nightshade > 2013-09-27 13:59 | Report Abuse

any other counters listed in SGX crossing your eyes ?

Posted by Nallayak > 2013-09-27 14:07 | Report Abuse

klw bot .018 tgt high in few months took position

Posted by albertlaw > 2013-09-27 21:02 | Report Abuse

Quote:
Originally Posted by xfactor View Post
Joe....

Abledo

Game's over.....

The CK has unloaded, don;t expect him to help stuckists out....

When? I have no answer but they will definitely let contra players die


Date: 27-Sep-2013 16:42) Posted:

Is Albedo rally just a speculative punt?

THE stock of Catalist-listed Albedo, the company that is aiming to be an Iskandar property player through a reverse takeover deal, has been in the trading limelight, with some touting it as " another Rowsley in the making" . Others wonder whether the hot play is just a speculative punt.

Observers drawing a parallel with Rowsley were of course referring to Rowsley's share price rally following its unveiling of plans to buy the RSP Group and the Vantage Bay site in Iskandar.

The active trading of Albedo, a loss-making steel trader, has seen the stock top the active list at least twice last week, with volumes surpassing the billion mark.

What's fascinating about the story of this penny stock is that the company has been unprofitable for some time now. Amid weak demand in the steel industry, the company found itself with yet another net loss of $205,000 for the first half of this year. This was after net losses of $1.37 million, $584,000 and $16.07 million for 2012, 2011 and 2010 respectively. This being so, there is no price-earnings ratio to speak of.

Proposed $774m RTO

In April, its independent auditors, Foo Kon Tan Grant Thorton LLP, highlighted that there were factors that indicated " the existence of a material uncertainty which may cast significant doubt on the group's ability to continue as a going concern" . Albedo responded to say it was able to continue as a going concern and maintain its listing status, citing its fund-raising exercises and continued support from its principal bankers.

Then in June, the company said it had entered into a memorandum of understanding to buy Coeur Gold Armenia Ltd, a gold miner in Armenia, only to abort the purchase on Aug 16. Four days later, it announced its intention to buy land in Iskandar, Johor.

Albedo said it was planning to become a major property player in Iskandar, the much-hyped special economic zone across the Johor Straits. Details were unveiled on Sept 20. Meanwhile, Albedo shares quadrupled from two cents each to about eight cents.

Indeed, there's plenty to stoke the hype surrounding Albedo's proposed $774.14 million reverse takeover deal.

The proposed reverse takeover deal is for Albedo to be taken over by Infinite Rewards Inc, which belongs to prominent Malaysia tycoon Danny Tan, the younger brother of another high-profile businessman, Vincent Tan.

The younger Mr Tan is a Malaysian entrepreneur with more than 30 years of experience in property development, resort management, restaurants, leisure and entertainment operations. He is also the controlling shareholder and group executive vice-chairman of Tropicana Corp, a property developer listed on the mainboard of Bursa Malaysia.

Infinite owns Reflections Oasis Inc, which is in the process of buying seven parcels of land with a total area of 267.8 hectares in Gelang Patah, Johor. These agricultural sites have been earmarked for commercial, industrial and residential development. Based on a valuation by Knight Frank Malaysia, the total market value of the properties was about RM2.71 billion (S$1.05 billion) on Aug 30.

Albedo and Infinite Rewards are also in talks for the inclusion of two parcels of land of about 94 ha in the agreement. If the RTO deal is successful, the bets are that the deal will transform the otherwise lacklustre steel trading company into a prominent property player in Iskandar.

Promising future?

All of a sudden, the future looks bright.

However, it's worth noting that Albedo plans to issue a hefty 34.55 billion new shares to pay for what is still farmland. And if investors are banking on getting something back from any potential capital reduction exercise or similar corporate action to distribute cash and cash equivalents in the company's account before the completion of the transaction, they must temper such expectations given Albedo's balance sheet. As at end of June 2013, the company had $6.46 million in cash and cash equivalents and 1.11 billion shares in issue.

Also, investors should note that there is no assurance that the deal will not be aborted like the Coeur Gold MOU. The bottom line is this: Albedo is undoubtedly an exciting play, but at this stage, it is also a speculative punt. Investors rushing into the stock would do well to bear in mind the adage " buyer beware!" .

Posted by Nallayak > 2013-09-27 21:06 | Report Abuse

must convert farmland into housing or industrial land for RTO to succeed and be bigger than Rowsley

Posted by Nallayak > 2013-09-30 20:25 | Report Abuse

directors start buying bck shrs , a bit more positive maybe they make Tan pay for conversion charges from farmland to industrial or residential land use

Posted by 0665hock > 2013-10-01 22:39 | Report Abuse

bought 0.049 at yesterday free fall section whn UOB kayhian curb this counter...today open 0.052-0.056...but selling pressure appear before close at positive note...waiting for a rebound tomorrow

Posted by pyramidpoh > 2013-10-02 08:29 | Report Abuse

What happen to Albedo?

Posted by Nallayak > 2013-10-02 10:22 | Report Abuse

follow rowsley the leader lah

Posted by Nallayak > 2013-10-02 15:56 | Report Abuse

D Tan must learn to be a little generous to get good following, must be as generous as the King in Rowsley, all winners no loser

Posted by 0665hock > 2013-10-02 22:19 | Report Abuse

agree

Posted by ticktock > 2013-10-04 09:55 | Report Abuse

be careful......penny stock traders.....

Posted by pyramidpoh > 2013-10-07 15:47 | Report Abuse

Why keep on drop?

Posted by ticktock > 2013-10-07 15:51 | Report Abuse

i think its FEAR on all penny stocks.........and its no different for Albedo...what if the deal fell through?

Posted by Nallayak > 2013-10-07 20:17 | Report Abuse

the Farmland deal will fell thru lah, housing or industrial land can still go ahead but must issue bonus free warrant like Rowsley to recapture investor's interest since Rowsley quite resilient in penny melt dwn

Posted by 0665hock > 2013-10-07 21:12 | Report Abuse

not sure the latest announcement will turn around the share price???

Posted by ticktock > 2013-10-08 09:08 | Report Abuse

any news????

Posted by Nallayak > 2013-10-08 10:47 | Report Abuse

Morgan Stanley appointment gives credibility to deal

Posted by pyramidpoh > 2013-10-08 18:22 | Report Abuse

If RTO is successful, Albedo will be 2nd Rowsley.Use small money to win big money,so we have to take risk.High risk high return.

Posted by Nallayak > 2013-10-08 18:28 | Report Abuse

like in case of blumont 15K becomes 1 million b4 crash, albedo may rpt feat if all land converted from farmland

Posted by albertlaw > 2013-10-08 19:30 | Report Abuse

Not favourable to those who invest about 34billion new shares @0.024 verses Rowsley about 3 billion..later 17 into 1 consolidation..Albedo is a catalist verses Rowsely mainboard and not only Iskander but also RSP architects..Albedo have to pay to convert farmlamd into commercial..RTO next year,,by then Dow likley bear market..2009-2014..> 5 years bull run...not worth the risk in investing Albedo

As consideration for Reflections Oasis, Albedo will issue 34.55 billion new shares representing about 95 per cent of its enlarged issued capital at around 2.24 Singapore cents each to Mr Tan's Infinite Rewards Inc.

In that event, the company will not meet the shareholding spread and




distribution requirements set out in the Catalist rules. To meet such




requirements, Albedo will undertake a proposed compliance placement of




new shares, to be issued together with a partial sale of the consideration


shares.


Doom to fail...gimmick only Vicent tan n related cronies..not safe

Albedo said yesterday that it and Infinite Rewards have appointed Morgan Stanley as the global coordinator, lead manager, bookrunner and joint placement agent of the proposed compliance placement.

Shares in Albedo closed yesterday at three cents, down one cent.
chensing is online now Report Post

Posted by Nallayak > 2013-10-09 09:23 | Report Abuse

Tan Clan will nvr be a match for Rowsley Lim

Posted by pyramidpoh > 2013-10-09 10:41 | Report Abuse

Nallayak,how you know?

Posted by Nallayak > 2013-10-09 16:23 | Report Abuse

those who bought Berjaya shrs all know

Posted by albertlaw > 2013-10-09 17:52 | Report Abuse

Berjaya and sports Toto listed in KLSE hopeless..yaya played b4..still P.L better

Posted by Nallayak > 2013-10-09 20:26 | Report Abuse

P Lim is generous and gave away BMW to staff, tan cut potty bonus to footballers