Not yet announce leh.. maybe with the next Q report..

Next report should be out soon yes?

Hot meh? The price still dropping wor.. at high volume?

This post has been edited by gark: Jan 15 2015, 10:36 AM

Haha I very much agree on what you say... that why i held homer for >1 year already and bought more recently..

The company will not likely have bonus issue... but likely pay more and more dividend as the owners owns a LOT of shares.

This could be a classic wellcall .. which is stock not actively traded.. until...

a small under valued company, hit mainstream and funds start to buy in and reports start coming out PLUS increasing dividend?

The rest is history..


But still got risk, those catalyst cannot lift the stock up, in that case just sit back and enjoy the dividend lo..

There is a very good arbitrage opportunity in OnG SPAC..

Some are trading below GUARANTEED value and their dateline is fast approaching.

In the event they cannot find a QA by the speculated time, they will return the guaranteed value to investor. So you can earn the difference.

In the event they found a QA, you can vote NO and get the guaranteed value returned back to you, and earn the difference.

Risk free earnings? Anyone wanna try?

This post has been edited by gark: Jan 15 2015, 10:51 AM

This SPAC arbitrage is betting on high USD, and continue low oil price, like short selling.

Since the crash in oil, we are betting those SPAC cannot get QA.. thus have to return back the guaranteed value to investors..

If they can find something, we also vote NO....

Basically we want the spac to FAIL to realize the Arbitrage.

This post has been edited by gark: Jan 15 2015, 11:02 AM

Mana pinky punya opinion.. silent jer..

Remember the guaranteed value also accrue interest.. did you factor in your IRR with the accumulated interest rate?

Mana analysis?

Almost all SPAC..

I factor in 3% p.a ... like normal FD.

Ah Boon must be holding million of shares..

This post has been edited by gark: Jan 15 2015, 06:33 PM

Play with spider or pinkspider ?

Swiss maintain the cap last time to prevent the currency from rising too fast, which makes their export not competitive and to STABILIZE the currency. They do that by rapidly printing francs to buy euros. (Something like QE ) Also this time, in order to keep printing francs they have to keep their interest rate at NEGATIVE value in order to discourage people from keeping francs, and the spillover of too much francs means loans is very cheap at less than 1% p.a. This makes loans in francs extremely popular.

The cap is removed because swiss had bought too much euro, causing their debt balance sheet is very high suffering fiscal issues. Also they did not imagine stopping the QE like that will kill of euro economy, sort of a miscalculation.

Now the cap is removed from francs (QE stop), and the cause the francs to appreciate strongly against euro (40% in ONE day! ). In the mean time strong selling of Euro means is also depreciating strongly against USD. Those who have taken loans from swiss banking to take advantage of the extremely low interest rate, and STABLE currency now have to face a massive debt inflation due to forex loss. This affects mostly eastern european countries with shaky economies. Swiss investor (most massive hedge funs operate from swiss due to banking secrecy law) which is investing abroad is also suffering and pulling back capital as the forex rate loss is too high to bear. Similiarly investors which is invetsed in euro, especially US investors is also pulling back capital at furious rate.

So conclusion..

Swiss QE stop, loans in swiss francs is 40% higher in 1 day, Euro is dumped to redeem francs, Investors in euro markets dumps assets to avoid forex loss. Swiss investor dump assets to avoid forex loss, big banks and companies in eastern europe may face debt repayment problems especially thier loans in francs.

All equal a financial meltdown in Euro..

This post has been edited by gark: Jan 16 2015, 11:03 AM

The implication is just starting ...

All the trades need to be unwinded and the forex market is frozen...no one can buy or sell.. because there is zero liquidity of francs left..



This post has been edited by gark: Jan 16 2015, 11:09 AM

I wont touch euro market for some time until this thing pans out.. euro is gonna start sliding soon...

Lets see bursa implications...

Which company pays royalties in SWISS FRANCS..?

OnG is trending up nicely...

Even at low oil prices..

Swiss franc surprise is beginning to be felt now...

First casualties.. forex brokers... bank run..

IF YOU ARE HOLDING CASH WITH EUROPEAN FOREX BROKERS, PLEASE WITHDRAW THEM IMMEDIATELY!






This post has been edited by gark: Jan 16 2015, 01:18 PM

Apparently all the stop loss did not trigger as the market was practically frozen from the votality..

never play leveraged products.

In forex leveraged products you can lose more than your capital...

Depends on the leverage, your $200 USD capital can be -$1000 overnight..