We had a Technical Analyst from Goldman Sachs come in last week to give us her take of the FX markets. Not only was she smokin' hot, she really knew her shit. So impressed I was that I've been following her TA calls since!
AUDUSD
6 month range between 0.89 - 0.94. Further downside thereafter to 0.80.
EURUSD
Short any bounce to 1.3250. Targetting 1.20.
USDJPY
Short at 109.50 with stop at 110, targetting 105. Long at break of 110 to 126.
USDSGD
Long at break of 1.2750, targetting 1.35.
HUAT AH!
Sunday, 21 September 2014
Tuesday, 9 September 2014
Scotland And The GBP
As with all the latest headlines recently, the Scottish independence vote is basically screwing up the GBPUSD.
One really wonders how much lower will it go with the vote two more weeks to go? Is it worth catching the falling knife?
Trade safe.
One really wonders how much lower will it go with the vote two more weeks to go? Is it worth catching the falling knife?
Trade safe.
Thursday, 4 September 2014
Charisma Energy Services And Giken Sakata Trading Halt
What are the chances of both counters experiencing a trading halt on the same day?!
Charisma Energy Services reported that it had secured another contract. This time worth USD72mil over a 7-year period to provide a fleet of 5 offshore support vessels. This is really good news because the contracts are really piling up for Charisma. In fact the document also states that the project is expected to have a positive impact on the group's earnings per share and NTA per share. Why it's still languishing at 4.1 cents is just perplexing to me.
Giken Sakata reported the proposed placement of up to 80,000,000 new ordinary shares. This dilutes the total float by almost 25%. And yet the share price has held strong at 33.5c. Perplexing yet again.
Not sure what to make of the price action, but I'm still very confident of Charisma Energy Services seeing better days in its share price.
HUAT AH!
Charisma Energy Services reported that it had secured another contract. This time worth USD72mil over a 7-year period to provide a fleet of 5 offshore support vessels. This is really good news because the contracts are really piling up for Charisma. In fact the document also states that the project is expected to have a positive impact on the group's earnings per share and NTA per share. Why it's still languishing at 4.1 cents is just perplexing to me.
Giken Sakata reported the proposed placement of up to 80,000,000 new ordinary shares. This dilutes the total float by almost 25%. And yet the share price has held strong at 33.5c. Perplexing yet again.
Not sure what to make of the price action, but I'm still very confident of Charisma Energy Services seeing better days in its share price.
HUAT AH!
Monday, 1 September 2014
USD Strength Rebirth
And so the cycle continues.
Just when we all thought that the USD was dying a slow death, the rebirth happens on the back of so many convenient stories.
- Yellen's indication that the US will raise interest rates in 2015.
- Ukraine vs Russia.
- Islamic State (IS) vs Rest of World.
- EU and Japan pursuing quantitative easing strategies.
So all of a sudden, the USD has just gone from strength to strength reversing all the losses against other currencies.
Will we see a turn soon (again)?
Just when we all thought that the USD was dying a slow death, the rebirth happens on the back of so many convenient stories.
- Yellen's indication that the US will raise interest rates in 2015.
- Ukraine vs Russia.
- Islamic State (IS) vs Rest of World.
- EU and Japan pursuing quantitative easing strategies.
So all of a sudden, the USD has just gone from strength to strength reversing all the losses against other currencies.
Will we see a turn soon (again)?
Monday, 25 August 2014
2014 Dividend Accumulator XVII
Still nothing exciting.
01 Jan $197.14
10 Jan $1.55
05 Feb $7.47
01 Mar $75.00
04 Mar $7.11
01 Apr $23.01
02 Apr $34.97
21 Apr $182.00
30 Apr $105.84
02 May $65.31
18 May $150.00
21 May $500.00
26 May $13.62
24 Jun $38.65
17 Jul $83.33
27 Jul $57.52
20 Aug $76.00
25 Aug $83.85
Total Dividends for 2014: $1,688.75
Average per Month: $140.73
01 Jan $197.14
10 Jan $1.55
05 Feb $7.47
01 Mar $75.00
04 Mar $7.11
01 Apr $23.01
02 Apr $34.97
21 Apr $182.00
30 Apr $105.84
02 May $65.31
18 May $150.00
21 May $500.00
26 May $13.62
24 Jun $38.65
17 Jul $83.33
27 Jul $57.52
20 Aug $76.00
25 Aug $83.85
Total Dividends for 2014: $1,688.75
Average per Month: $140.73
Sunday, 24 August 2014
Giken Sakata Is On The Rise
Courtesy of The Edge magazine.
This interview with Sydney Yeung, Giken's largest shareholder, says it all.
Do you believe in it's story? I actually initiated coverage of it in May.
Wednesday, 20 August 2014
2014 Dividend Accumulator XVI
Boring stuff.
01 Jan $197.14
10 Jan $1.55
05 Feb $7.47
01 Mar $75.00
04 Mar $7.11
01 Apr $23.01
02 Apr $34.97
21 Apr $182.00
30 Apr $105.84
02 May $65.31
18 May $150.00
21 May $500.00
26 May $13.62
24 Jun $38.65
17 Jul $83.33
27 Jul $57.52
20 Aug $76.00
Total Dividends for 2014: $1,604.90
Average per Month: $133.74
01 Jan $197.14
10 Jan $1.55
05 Feb $7.47
01 Mar $75.00
04 Mar $7.11
01 Apr $23.01
02 Apr $34.97
21 Apr $182.00
30 Apr $105.84
02 May $65.31
18 May $150.00
21 May $500.00
26 May $13.62
24 Jun $38.65
17 Jul $83.33
27 Jul $57.52
20 Aug $76.00
Total Dividends for 2014: $1,604.90
Average per Month: $133.74
Tuesday, 19 August 2014
Prospect Capital (PSEC) Secures More Biz
This is very good news for shareholders.
The dividend yields are at close to 13% and dividend are distributed monthly.
Share price is steadily heading upwards even when the general market is not doing so well.
How can I complain?
The dividend yields are at close to 13% and dividend are distributed monthly.
Share price is steadily heading upwards even when the general market is not doing so well.
How can I complain?
Monday, 11 August 2014
Charisma Energy Services Secures USD 276mio Contract
Charisma Energy Services announced on 7th August that it has partnered with the Alaska Industrial Development and Export Authority (AIDEA) and secured a 7 year oil processing facility charter contract with a value of approximately USD 276 million.
This is great news for shareholders! It is exactly what the management promised during its AGM in April.
However, the price actually shot up to 4.5/4.6, before languishing back at 4.2/4.3 today. So what is going on?
Well I'm not really sure I can explain any of it, but what I do think is that its share price is being depressed by the existing Charisma warrants still floating out there awaiting to be exercised. This has adversely affected its share price before, and looks like it will continue to act as an overhang, preventing it from moving up further in spite of the large contract wins that we foresee coming. This comes in the form of a previous announcement 1,000,000,000 warrants currently floated that are expiring in 2016 that have a strike price of 0.025.
Hopefully we will see alot more contracts coming in soon.
HUAT AH!
This is great news for shareholders! It is exactly what the management promised during its AGM in April.
However, the price actually shot up to 4.5/4.6, before languishing back at 4.2/4.3 today. So what is going on?
Well I'm not really sure I can explain any of it, but what I do think is that its share price is being depressed by the existing Charisma warrants still floating out there awaiting to be exercised. This has adversely affected its share price before, and looks like it will continue to act as an overhang, preventing it from moving up further in spite of the large contract wins that we foresee coming. This comes in the form of a previous announcement 1,000,000,000 warrants currently floated that are expiring in 2016 that have a strike price of 0.025.
Hopefully we will see alot more contracts coming in soon.
HUAT AH!
Tuesday, 5 August 2014
What's Happening To Charisma Energy Services?
Charisma Energy Services released its first half 2014 results on 29th July.
The results were quite in line with what was actually mentioned during the AGM, which was fairly good. It was turning in a profit after several quarters in the red zone.
Then suddenly its share price broker the 4.9/5.0 cents support and is now languishing at 4.1/4.2.
I really wonder what is happening man.
But I am feeling quietly confident enough to accumulate some more on its way down.
HUAT AH!
The results were quite in line with what was actually mentioned during the AGM, which was fairly good. It was turning in a profit after several quarters in the red zone.
Then suddenly its share price broker the 4.9/5.0 cents support and is now languishing at 4.1/4.2.
I really wonder what is happening man.
But I am feeling quietly confident enough to accumulate some more on its way down.
HUAT AH!
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