Posts tagged ‘Chung Nam Network 中南網絡’

After the reverse stock split action discussed in our previous article 《威利國際 (00273.HK) 的「吸水大法」》Willie International Holdings Limited (00273.HK) , again, announced the proposal of rights share issue at a great discount, which caused the stock price to plunge 16.76% today.

According to Webb-siteWillie International Holdings Limited (00273.HK) is a member of “Chung Nam Network” listed as follows:

Allied Weli Development Limited
Capital VC Limited – 首都創投有限公司 (002324.HK)
CHINA YUNNAN TIN MINERALS GROUP COMPANY LIMITED – 中國雲錫礦業集團有限公司 (00263.HK)
Cordoba Homes Limited
Dragonite International Limited – 叁龍國際有限公司 (00329.HK)
ENERCHINA HOLDINGS LIMITED – 威華達控股有限公司 (00622.HK)
Forefront Group Limited – 福方集團有限公司 (00885.HK)
Freeman Financial Corporation Limited – 民豐企業控股有限公司 (00279.HK)
Hao Tian Resources Group Limited – 昊天能源集團有限公司 (00474.HK)
HERITAGE INTERNATIONAL HOLDINGS LIMITED – 漢基控股有限公司 (00412.HK)
LONGLIFE GROUP HOLDINGS LIMITED – 朗力福集團控股有限公司 (08037.HK)
MASCOTTE HOLDINGS LIMITED – 馬斯葛集團有限公司 (00136.HK)
National Investments Fund Limited – 國盛投資基金有限公司 (01227.HK)
Poly Capital Holdings Limited – 保興資本控股有限公司 (01141.HK)
RADFORD CAPITAL INVESTMENT LIMITED – 萊福資本投資有限公司 (00901.HK)
Tack Fiori International Group Limited – 野馬國際集團有限公司 (00928.HK)
UNITY INVESTMENTS HOLDINGS LIMITED – 合一投資控股有限公司 (00913.HK)
WILLIE INTERNATIONAL HOLDINGS LIMITED – 威利國際控股有限公司 (00273.HK)

The price trends of most of the above publicly traded stocks in the “Chung Nam Network” have an obvious indication of “Chung Nam Style” : Reverse stock split + Share placement or Rights share issue = Forever Dilution!

The charts below showed how stocks with “Chung Nam Style” look (as great as “Gang Nam Style”!). A big step-up of issued shares most probably represents a share placement or rights share issue. A great step-down of issued shares with a corresponding step-up of stock price very likely means a reverse stock split.

 

 

 

 

 

 

 

 

 

 

Although some people may regard such kind of behavior as  “deceiving”, there’s nothing illegal as long as all parties played by rules. Investors are responsible for what they are investing unless they are being misled. Nevertheless, please pay special attention and be cautious if any of you have invested or are planning to invest in the above stocks.

Lastly, take a look at how HAO TIAN RES GP 昊天能源集團 (00474.HK), a member of “Chung Nam Network”, made use of the company’s money from here:

《昊天能源集團買遊艇作推廣用途?》

 

– Mr. Alpha

昊天能源集團 (00474.HK)  這家公司近幾年都虧損,但依然堅持用公司資金買遊艇,理由是作市場推廣及客戶發展之用,敢問該公司會怎樣以遊艇去推廣其煤炭及包裝業務?一眾股東能否一起參與?

 

 

 

港交所網頁交易披露 2012-10-25:
http://www.hkexnews.hk/listedco/listconews/SEHK/2012/1025/LTN20121025548_C.pdf

Aquarius遊艇詳細資料:
http://www.superyachts.com/full-pdf-brochure/aquarius-579.pdf

 

-Mr. Alpha

威利國際 Willie Intl (00273.HK) Closing Price minus VWAP Deviation and Price Volume Distribution 2012-07-16

威利國際 (00273.HK) 於2012-07-16 的收市價減VWAP偏差率,以及股票成交價位分佈

玩財技了得的威利國際 (00273.HK), 近日又動作多多,繼去年供股一供八後,現在又宣佈下個月股份十合一。而最近獲公司董事多番增持的消息帶動下,股價在不足半個月內炒高逾兩倍!

附圖見這一個多月以來,該股收市價減VWAP偏差率的10天移動平均值都是正數,且趨勢向上,意味著有人買貨掃上,破了阻力位。從2012年7月16日的股票成交價位分佈圖可見,股價升破了阻力位$0.133 (當時的50天移動平均價),收報$0.163。當天的VWAP偏差率為9.42%,而市價以上成交量 / 市價以下成交量的比例為1.92。這解釋了收市價和VWAP的正數偏差,亦可以說收市價和VWAP之偏差圖歸納了每天的成交價位分佈。

最後要提一點,公司董事的增持成本只是$0.1左右,遠低於現價 (2012年7月18日股價收報$0.26)。似乎公司的「吸水大法」,萬試萬靈。

-Mr. Alpha