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Silently waiting. Hope this time is for real unlike the last few times. Keeping quiet but fully load!
571 is fueling up and taking off. Hopefully it should reach the moon within 2 months.
Hot money on the other hand is flowing in, pushing up the HK dollar. HSI is rising steadly. Transaction volume of the tracker fund is high. All these events reinforce the idea that HSI will be rising even more.
Government official is publically telling people not to fry properties but to invest into the stock market.
Source from Appledaily http://hk.apple.nextmedia.com/realtime/finance/20121105/51130118
I believe this guy is telling us some inside information. If history is to repeat itself, all one need to do is to follow the government policy.
After I sell my 571 at $1, I will randomly pick another Hong Kong stock and rise with the tide.
Huge volume today and stock price only up about 6%. I am surprised it takes that much volume to push this stock up so little. Maybe this is due to sellers from earlier failed up or price movement is controlled by the new CEO of the company rather than old Mr Lam.
If no other external factor it should be heading up in the next few days.
Not that it really matters. The below is the mid year annual report released last night. It does not really matter because the good numbers here is just an excuse to push the stock price up.
OVERVIEW OF FINAL RESULTS
During the year under review, the business delivered an encouraging set of results underpinned by a steady
improvement in the media and entertainment business as well as the gain on the bargain purchases of the additional
interest in Lai Fung.
For the year ended 31 July 2012, the Group recorded a turnover of HK$702.2 million (Period: HK$316.3 million),
representing an increase of 30% over the pro-forma annualised turnover of the Group for the Period.
Profit from operating activities was HK$1,041.0 million (Period: Loss of HK$154.5 million). This is dominated by
the gain on the bargain purchase of the additional interest in Lai Fung through the open offer of Lai Fung.
The Group recorded a share of profits of associates of HK$99.1 million (Period: HK$35.9 million) which was
mainly attributable from Lai Fung for the period from 1 August 2011 to 11 June 2012. The Group’s share of profits
from joint ventures was HK$8.9 million (Period: Losses of HK$9.5 million).
As a result, the Group recorded a profit attributable to shareholders of HK$1,161.6 million (Period: HK$524.5
million).
Shareholders’ equity as at 31 July 2012 amounted to HK$7,997.9 million (2011: HK$6,837.5 million), bolstered by
the strong asset base of Lai Fung after consolidation of its accounts. Net asset value per share attributable to owners
of the Company similarly increased to HK$6.433 (2011: HK$5.506).
Finally 7m volume, 15% rise in the first 30mins of trading the cavalry arrived !!!! This time is for real!!!!!
I don’t say much unless I have something to say. From the look of the chart 571 is charging up and ready to go in a couple weeks time. It is slowly pushing up above the moving average with some consistent volume. I can’t really put into words what I see in charts but after having looked at over 100,000 charts it becomes intuitive.
After a long long wait the stock finally make some moves today with approximately 2m shares volume and up 5% to $1.08.
I don’t know what is happening I didn’t check the news. Probably nothing happened judging by the rise pattern and volume. I would expect much more than 2m shares traded if this is a big move. This could be just from some people decide to use a tiny bit of money and give it a little fry.
As always this one is sure to rise and target is $1.8. The question is when.
