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By Pehon | June 26, 2007
Swiber announced a trading halt late today 26-06-07 for the announcement of a shares placement.
For those who have followed me in my earlier trades early 2007, Sino-Env and Raffles Education had a similiar announcement.
If those trends were anything to go by, we’re going to see Swiber set new highs when trading starts on the 27-06-07. This despite Swiber’s stock supply being diluted.
“Swiber is likely to soar during trading tomorrow, after the share placement announcement.”
But this may spart a longer term effect. Remembering Sino-Env’s soaring stock price after a shares placement? Well, the same stock placement that send Sino-Env’s price up was also the reason for the some what disappointing recent Quarter results (despite a 24.2% rise in profit, EPS was -2.3%), that was also the possible cause of recent investor disinterest in Sino-Env.
However, with the large number of contracts for Swiber, its unlikely this diluted share market will have much effect to future financial results.
Looking forward to the highly possible new highs of Swiber, “Pre-Congrats” to those who bought Swiber today.
June 26th, 2007 at 11:33 pm
I have made ur website my homepage
cheers
June 26th, 2007 at 11:37 pm
=) thanks… remember. this is not a buy call. Its a post to congratulate the people who have bought TODAY! =)