疑涉嫌操纵马股 Global Trader Europe或受对付

股友

找到凶手了！看看大庄如何兴风作浪。
http://www.nanyang.com/index.php?ch=7&pg=12&ac=820372

疑涉嫌操纵马股 Global Trader Europe或受对付 2008/03/04 18:03:05 ●南洋商报

（吉隆坡4日讯）证券监督委员会与大马交易所针对Global Trader Europe机构可能涉嫌操纵大马股市事宜，彻查有关上市公司的股项交易，并将采取所需的行动。 证监会发言人透过电子邮件向《南洋商报》指出，若证券监督委员会发现市场遭到操纵或滥用的迹象，大马交易所以及证券监督委员会将会采取所需的行动。 证券监督委员以及大马交易所正在彻查有关上市公司的股项交易。 证券监督委员会发言人是针对一家在英国注册的金融机构-Global Trader Europe机构，可能涉嫌操纵大马股市并导致数个股项跌停板的报道作出上述回应。 9公司遭“逼仓” 据了解，至少有9家公司遭到Global Trader Europe机构的大量“逼仓”。这些股项在遭到大量“逼仓”后，已导致有关当局开始针对可能操纵股市的角度进行调查。数名经纪已被有关当局进行盘问。 消息人士说：“我们并不知道Global Trader机构持有多少家公司的股票。它在去年积极向大马投资者分派贷款额度。”这也意味着Global Trader机构透过分派贷款额度，直接或间接持有其它公司的股权。 据了解，受影响的股东表示，他们将手中的股票抵押给Global Trader机构位于曼谷的分行。 由于Global Trader机构的母公司受到资金拖累，该公司的接管人检视旗下客户的户头，尤其来自曼谷分行的客户。那些无法补仓的客户，户头里的股票或资产都被接管人抛售。 受以上事件影响的公司，包括HDisply（HDisply，0139，自动报价股）、YGL集团（YGL，0086，自动报价股）、MYEG服务（MYEG，0138，自动报价股）、诚信（RPB，8885，主板贸服股）、Aturmju资源（Aturmju，7181，二板工业产品股）、意康缘集团（Liqua，2534，主板贸服股）、新茂控股（Cymao，5082，主板工业产品股）、Axis投资（Axreit，5106，主板产业信托股）。

03-03-2008: Global Trader impacts Bursa
by Jose Barrock & Tamimi Omar
Email us your feedback at fd@bizedge.com


KUALA LUMPUR: The fall from grace of UK-registered financial institution, Global Trader Europe Ltd, has had a far-reaching impact on certain Malaysian stocks and sparked off investigations of possible manipulation of these counters, sources said.

It is understood that at least nine companies on Bursa Malaysia have been adversely impacted by “forced selling” of stocks that are pledged to Global Trader in return for a leveraged line of credit.

The heavy selldown of these stocks is said to have caused the authorities to start investigation on possible manipulation. Towards this end, several brokers have been quizzed by the authorities.

“It is not known how many more companies have shares pledged with Global Trader, which had been actively dishing out lines of credit to Malaysian investors last year,” said a source.

Shareholders of the affected companies are said to have pledged their shares to Global Trader’s office in Bangkok. Following the liquidity crunch faced by its parent company in the UK, the administrators scrutinised the accounts of its clients, especially in its Bangkok branch. It sold the pledged shares and other assets of accounts that had a margin shortfall.

This in turn triggered a massive forced selling of the stocks that were pledged. Companies affected are said to have included H-Displays (MSC) Bhd, Ygl Convergence Bhd, My EG Services Bhd, Reliance Pacific Bhd, Aturmaju Resources Bhd, Liqua Health Corp Bhd, Cymao Holdings Bhd and Axis Incorporation Bhd.

All these stocks had seen heavy trading, and tumbled amidst the market volatility in the last few weeks.

The most noticeable casualty is H-Displays, a Mesdaq-listed company which saw some RM270 million of its market capitalisation wiped out in three days. Last Monday, the stock was trading at RM1.57 and had a market capitalisation of RM329.7 million. Last Friday, it closed at 29 sen, with a market capitalisation of RM60.9 million.

H-Displays shares hit limit down on Tuesday, losing 53 sen to close at RM1.04, and continued to tumble till Friday.

A check on H-Displays’ annual report shows that Hitech Ventures Pte Ltd, the controlling shareholder of H-Displays with some 51.2% equity, had pledged about 13 million of its 107.6 million shares.

It is understood that Merrill Lynch, which had been hired to assist Global Trader in its asset recovery process, had been involved with the sell order.

My EG Services meanwhile, tumbled some 22% over the past two weeks, shedding close to RM67 million in market capitalisation.

Yet another Mesdaq-listed company, Ygl Convergence lost 69% in market capitalisation through last week, after its price fell from 57 sen on Monday down to 17.5 sen last Friday.

Several brokers involved in the selldown were said to have been questioned by the authorities, with a view of getting a clearer picture of what went wrong.

“The authorities are investigating if the stocks have been manipulated. The selldown by Global Trader itself would not have caused a big impact on the shares. Obviously, others with some inside information have also sold their position in the companies, exacerbating the situation,” said a source.

The selldown is reminiscent of a similar fall in several speculative stocks in mid-2006. Then, stocks bought by two funds based off the US namely, PB Priam Capital and Aeneas Capital Management, came under heavy selling pressure after their investments in certain stocks deteriorated significantly. Among them were Iris Corp and Farm’s Best Bhd.

There are many financial institutions like Global Trader which offer services to clients trading in derivatives and other sophisticated financial instruments. But unlike Global Trader, the majority only serve institutions and not private investors.

Global Trader was placed under special administrators in mid-February after one of its clients defaulted on a margin call, which resulted in Global Trader having a deficiency in its capital requirements.

A fund manager said that the main concern was if there were other such institutions holding pledged shares and facing similar financial problems, which could lead to more selldowns and adverse impact on the market.

９粒连环炮

tan81

谢谢股友兄的分享，让所有朋友避开这几只黑股。
意康缘在几年前，已经名声扫地，怎么还有人买？
记得我在几年前，帮妈妈投资Maybank的UnitTrust。
几年后，回来察看报告，才知道Maybank 买入不少意康缘的股。
结果，还好没有亏钱，但也没有任何回报。
马上就把它卖了。所以基金经理的眼光是信不过的。

大众的信托基金应该买入不少Gamuda。也是会烧到手的。

股友

不用客气，已经爆了我才马后炮的放上来。不过也让大家知道基金进前－进入－丢货的后果。去年是asiaep 的 goldmanRM１。１０跌到现在的一毛多。

tan81

没有关系。最重要的是那份心意。
你开多一个帖了。

LK-Park

之前还有很多公司遭殃如 OILCORP，ETITECH 有没有份？

股友

这家投资公司好像出了什么问题，可是我看不懂。http://www.globaltraderclients.com/tiki-index.php

tan81

我只是猜而已。根据我看的报道，它是一家小型的借贷机构。
应该是有人 （Mesdaq的老板）把票抵押给它，以获得贷款。
通常借贷来的钱，都是拿来炒作股市的，因为要支付利息。
结果，可能这家机构过于借贷，有一些呆账收不回，所以开始向这些Mesdaq老板要求还款。这时，股市大跌，每个炒家也烧到手，哪里有钱还它？

这间借贷公司为了解决现金周转的问题，或面对债权人的追讨，只好卖出抵押的股票换取现金。结果，就发生跌停板的事情。

这个过程，这家机构明显的涉及高风险的借贷活动，死有余辜。
不过，更应该谴责的是那些Mesdaq老板没有好好的专心做生意，
倒是利用了上市的地位，来获取现金（不懂他们拿去干什么，但肯定是为了私利）。

:@ :@ :@

股友

UK woes won't derail Global Trader
Feb 15 2008 8:20PM
Johannesburg - South African contracts for difference and spread trading specialist Global Trader said on Friday that its expansion plans into a full-service brokerage remain on track for 2008 despite news that Global Trader Europe has come under regulatory scrutiny.
Global Trader Europe (GTE) was forced to close its doors to new business after intervention from the Financial Services Authority.

The move followed a client margin call default.

The Financial Times reports that it relates to heavy losses sustained by clients trading equity derivatives in Artilium, an alternative investment market-listed telecommunications technology group popular with retail investors.

JSE-listed financial services company Purple Capital (PPE), 100% owner of Global Trader, said on Friday that together with the board and management of GTE, it continues to evaluate alternatives for the re-capitalisation of GTE, including the possible introduction of an international equity partner.

However, to ensure that the various alternatives can be evaluated within an orderly operational structure and regulated financial exposure, GTE will today apply, with the permission of the FSA, to be managed under administration.

Global Trader South Africa, whose operations are independently held, said it was unaffected legally or economically by the circumstances of GTE.

PPE was last trading at 119c from a previous close of 145c. The share last dipped below 120c in January 2007.

tan81

其实，它们是极可能和Mesdaq的老板串通，提供炒作的资金。
不然，怎么会同时借贷给数家Mesdaq，这么巧。

股友

全球贸易商售抵押股票　马多只股票蒙受重创
二零零八年三月三日 晚上十时五十九分


（吉隆坡3日讯）据消息称，颇有名气的英国注册金融机构--全球贸易商欧洲有限公司（Global Trader Europe Ltd）的前景令人担心，对大马股市的一些股项是具有深远的影响，并导致这些股项可能被调查是否有遭人操纵。

据了解，大马证券交易所至少有9家公司已深受这事件影响，而被迫“出售”公司的股票，它们曾经将股票抵押给全球贸易商，以便换取信贷额度的杠杆作用。

据说，这些股票遭到大量抛售，已使到当局着手调查有关公司股票可能被操纵的事件。为实现这一目的，几个经纪人已遭当局盘查。

据一项消息称：“我们不知道还有多少公司的股票抵押给全球贸易商，它曾于去年积极将信贷额度给予大马投资者。”

深受这事件中影响的股东已承诺将所持的股份抵押给全球贸易商在曼谷的办公室。随着全球贸易商在英国总部面对流动资金紧绌的困境后，公司的管理层已详细检查过其客户账户，尤其是在其曼谷分行。该商行已将被抵押股票与盈利微薄的其他资产账目脱售。

此事使到将股票抵押给全球贸易商的股票被迫“出售”。据获悉，受到这事件影响的大马公司分别是H显示器（HIDISPLY，0139，自动报价市场）、威力行集团（YGL，0086，自动报价市场）、MYEG服务（MYEG，0138，自动报价市场）、诚信集团（RPB，8885，主板贸易服务组）、Aturmaju资源（ATURMJU，7181，次板工业产品组）、意康毅控股（LIQUA，2534，主板贸易服务组）、新茂控股（CYMAO，5082，主板工业产品组）、与雅饰集团（AXIS，7447，次板工业产品组）。

这些股票交投量大热，并在股市在过去数星期来的起伏不定受到了重创。

在这些股票当中，H显示器的损失最为惨重，在3天交易中，该公司蒙受了2亿7000万令吉的市场总值损失。

在上周一，该公司的股价以1.57令吉挂收，拥有3亿2970万令吉的市场总值，可是在上周五闭市时，其股价已锐跌至仅剩29仙，而市场总值缩减至6090万令吉。

该公司的股价在上周二时的趺幅最大，狂泻53仙挂1.04令吉，接着在下来的交易中便溃不成军。

MYEG服务的股价在过去两星期中也狂跌22%，使到其股市总值只剩下6700万令吉。

另一个在自动报价市场上市的威力行集团股价跌幅惨不忍睹，其股市总值单单在上个星期便下趺了69%，其股价在上星期一跌至57仙后，便一直往下滑，在上星期五时更滑跌17.5仙的低点。

涉及出售有关股票的经纪人已被当局盘查，以便清楚查明到底是什么地方出了错。

据消息称:“当局正着手调查有关股票是否被人操纵。而全球贸易商本身脱售这些股票，并不会为有关公司的股票带来多大冲击。显然，在一些其他内幕信息下，而趁机将公司的股票脱售，将会使局势恶化。”

tan81

榜上有名的公司，散户千万不要去送死。
会抵押自家公司股票的老板，不会是负责人的管理层。
他们不专心自己的生意。
碰他们的，一定会手指烂！！

股友

Global Trader Europe in troublePurple Capital shares slide after a large overseas client fails to meet a margin call.
Julius Cobbett
15 Feb 2008 17:01

Shares in Purple Capital (JSEPE) slid 28% on Friday. This came after the company announced that a division of its major subsidiary, Global Trader, had experienced a "regulatory capital deficit". The deficit, it said, was the result of a client margin call default.
Global Trader sells derivative products to traders in several countries. The margin call default occurred at its European division. A client experiences a margin call when his or her account suffers losses.

Purple Capital CEO Mark Barnes declined to disclose the amount owed to Global Trader Europe by the defaulting client. He said this information was part of client confidentiality and would be "inappropriate" to disclose.

Global Trader Europe (GTE) has applied to the UK's Financial Services Authority (FSA) for a "variation of permission after a series of discussions between the company and its regulator".

Global Trader says this variation of permission would allow it to continue to operate as a regulated service provider, but prevents it from opening any new trading positions for clients - both existing and potential - and only allows for the closing of existing positions.

The application to the FSA was made because the margin call created a hole in Global Trader Europe's capital adequacy - an amount of money it is required by the FSA to have available, depending on the size of its clients' trades.

Global Trader notes that it still has legal recourse against the defaulting client.
Global Trader says it "voluntarily" notified the FSA of the deficiency in required capital on the close of business on February 13.
"Recognising the potential liquidity risk faced by its clients seeking immediate cash, GTE felt the best approach was to file for administration under UK law, a situation the directors believe is the best scenario for creditors to be treated equally and where no-one creditor may call for GTE's insolvency," the company said.

Barnes says "we expect that this move, initiated by GTE, will allay any fears which our clients and counterparties currently have and put us in a more suitable position to deal with our obligations".

Global Trader noted that its South African operations are unaffected legally or economically by the circumstances of GTE. The South African operations account for 83% of the group's profits.

"The South African operation remains completely independent of GTE and business is not just as usual, but extraordinarily good," says Barnes.
Global Trader said it is seeking resolutions to the situation at GTE, "one of which is the possibility of introducing an international equity partner". Barnes says he has had a "number of international enquiries expressing interest in a stake in GTE."

Global Trader recently partnered with Merrill Lynch to create a new trading platform called Total Trader. The joint venture will grant Global Trader's South African retail customer base rights to access Merrill Lynch's equity research and electronic trading tools.
Purple Capital bought Global Trader for EUR36m (R372m) in July last year. The purchase was partially funded by the issue of 88,6m shares for cash at a price of R1,80.

At the time, critics of the deal said Purple Capital had paid a rich price for a company whose earnings were close to their peak after a roaring bull market, and which was coming under increasing competition.

Purple Capital shares were down 28% by late Friday Afternoon, at R1,04.

Global Trader pioneered spread trading and contracts for difference (CFDs) in South Africa. But it has come under increasing competition from stockbrokers and other derivatives brokers, including PSG Online, Dealstream, Ideal CFDs, Nedbank Capital and BJM Direct.

Global Trader estimates that CFDs account for 6% of trading on the JSE. "We expect this to increase up to 30% and we also expect Global Trader South Africa to retain the lion's share of this market."

风起云涌

这个消息来得正是时候－－是否会导致明天－后天的KLCI回稳攀高－－绝对深情期待的说

khokhokho

早期有對岸假開公司，講自已是外資公司，收購本地上市公司，當時為何連證券會人員切沒去注意這些外資投資者。

現今有英国注册的金融机构-Global Trader Europe机构，可能涉嫌操纵大马股市。

下來   還是有什麼東東?

沒想到投資者變成了小白羊

股友

Failed broker targets Bonnier 'debt'
By Ben Bland, Richard Fletcher and Sarah Limbrick



Last Updated: 12:14am GMT 06/03/2008





Robert Bonnier, the colourful City trader and former dotcom millionaire, is alleged to have owed failed broker Global Trader Europe more than £6m.

Global Trader launched a high court legal action in December to recover an alleged £6.2m debt from Mr Bonnier and two Jersey based companies - just weeks before the broker collapsed into administration after an unnamed client sustained heavy losses.
Mr Bonnier vehemently disputes the allegations and claims that the legal action was halted in January, before Global Trader collapsed, after all parties reached an agreement.

In the writ, filed on December 21, Global Trader claimed that Mr Bonnier had agreed to act as guarantor in November 2007, to Cold Investments and Lykke Capital, after Global Trader agreed to reduce the margin requirements on a number of contract for difference positions held by the two Jersey-based companies.

CFDs are increasingly used by private investors to invest in equities. The derivatives allow individuals to put up a small amount of money to obtain exposure to large shareholdings, a process known as leverage.

The writ alleges that following the agreement in November, Cold Investments and Lykke subsequently failed to meet two margin calls totalling £6.2m.

A spokesman for Mr Bonnier insisted yesterday that he no longer had any connection with Cold Investments, which he sold last year, or Lykke Capital.

The spokesman said: "Following the sale of Cold Investments in March 2007, he was owed a material sum on the deferred consideration which is why he agreed to become a personal guarantor. He wanted to assist in what was a tricky situation."

Smith & Williamson, Global Trader Europe's administrators, are expected to appoint external investigators within days to help them with the complex process of recovering funds owed to the company.

A former Swiss Bank investment banker Mr Bonnier made and lost a £150m fortune in the dotcom boom.

The chief executive of Scoot.com, Mr Bonnier saw his personal wealth rise as Scoot.com shares soared. But when the bubble burst Scoot.com's value collapsed, falling from a high of £2.5bn to less than £50m.

Although Mr Bonnier lost almost everything, he quickly bounced back and went on to make millions trading the London stock market, taking sizable positions in stocks such as Regus and SCi Entertainment.


holly哥哥对国际金融情势很了解，想知道他的看法

股友

Global Trader impacts Bursa


The fall from grace of UK-registered financial institution, Global Trader Europe Ltd, has had a far-reaching impact on certain Malaysian stocks and sparked off investigations of possible manipulation of these counters, sources said.

Companies affected are said to have included H-Displays (MSC) Bhd, Ygl Convergence Bhd, My EG Services Bhd, Reliance Pacific Bhd, Aturmaju Resources Bhd, Liqua Health Corp Bhd, Cymao Holdings Bhd and Axis Incorporation Bhd.. All these stocks had seen heavy trading, and tumbled amidst the market volatility in the last few weeks.

It is understood that Merrill Lynch, which had been hired to assist Global Trader in its asset recovery process, had been involved with the sell order.
Several brokers involved in the selldown were said to have been questioned by the authorities, with a view of getting a clearer picture of what went wrong.


“The authorities are investigating if the stocks have been manipulated. The selldown by Global Trader itself would not have caused a big impact on the shares. Obviously, others with some inside information have also sold their position in the companies, exacerbating the situation,” said a source.


A fund manager said that the main concern was if there were other such institutions holding pledged shares and facing similar financial problems, which could lead to more selldowns and adverse impact on the market.

elvingan

不明朗消息已除,明天马股肯定会上....

股友

£16 Million Home For Sale In London
An exclusive house in London is being put up for sale, after falling into the hands of administrators to Global Trader Europe (GTE). Smith & Williamson, administrator to GTE is understood to be involved in taking control of the subsidiary that owns this property. The administrators have declined to comment thus far.GTE was placed into administration on 15
th
February 2008 after one of its clients incurred trading losses that he wasn’t able to cover. As a result of the losses, a short fall developed in GTE’s minimum capital as required by UK regulations. Following the administrators intervention, clients are unable to open new trades or withdraw funds.The shortfall was a result of losses sustained by an unnamed client trading in contracts-for-difference in Artilium, an Am-listed telecommunications technology group popular with retail investors. It is understood the client could contribute additional money to cover his losses.Global Trader launched its UK operations on 6
th
June 2005. Having already built successful international operations, moved its head office to London. Part of its objective, offering traders in the UK a competitive deal. Giving traders access to emerging markets in Asia, Africa, Eastern Europe and Latin America.UK clients have complained that communication from GTE and the administrators, Smith & Williamson has been poor after the troubles arose

Charles Savage, CEO for Global Trader Europe said, “He can understand client’s frustration, but says the administration process restricts him from making comments to clients. He requests clients to give the administrators time to evaluate the business before they can issue a statement regarding funds that clients can hang their hats on.”The freehold property is marketed for sale by Powis Properties, an estate agent in Notting Hill. The 10,000 sq ft home includes seven bedrooms, library, wine cellar, gym and a swimming pool.Editor:
Simon Weston
myfirsthomeltd.co.uk
Email:
simon.weston@myfirsthomeltd.com

股友

二月已出了问题。 GLOBAL TRADER EUROPE MAY BE PUT UP FOR A SALE - BLOOMBERGGlobal trader Europe may be put up for a sale to recover clients' money. According to Charles Savage, the CEO of Global Trader Europe's parent in Johannesburg, the administrators are considering a sale of the business. 27 Feb 2008 15:31