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21-10-2009, 11:18 AM	#1 (permalink)
specialk78 Experienced SGClubber Posts: 1,230 Join Date: Jan 2009 Location: Spore iTrader: (0) Nominated 3 Times in 2 Posts TOTW/F/M Award(s): 0 Gender: Total SGC$: 1,537.15	DJ MARKET TALK: Jason Marine +54.8%; Small Float Helping -Trader DJ MARKET TALK: Jason Marine +54.8%; Small Float Helping -Trader 0304 GMT [Dow Jones] NEW LISTING: Jason Marine (5PF.SG) +54.8% at S$0.325 on strong volume vs S$0.21 IPO price (3X historical P/E), marking best performance on debut by a Singapore new listing this year. "Bear in mind that this is a very small float, so it's not difficult to move up the share price," says trader at foreign brokerage. Singapore-based supplier of radio, satellite communication systems used by marine, offshore oil & gas industries offered 16 million new shares in IPO. While market cap small at S$22.3 million, business prospects appear bullish as company tipped to benefit from exploration & production activities by oil majors as long as oil prices remain firm. Orderbook quotes suggest early high of S$0.355 unlikely to give way for time being. (FKH) __________________ The man who can drive himself further once the effort gets painful is the man who will win.

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