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09-May-2019 16:49

Best World / THE BEST IS YET TO BE

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So if SGX found something different to what their auditors said, can held auditors responsible?

like2learn ( Date: 09-May-2019 16:45) Posted:

sgx investigating ... tot they already ask BW to appt 3rd party to check ?
cannot trade BW over the next few days ?
what if BW reply then BR refute, and merry go round & round ....
just let free mkt play mah .... pple who believe - buy, dun believe - sell.

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03-May-2019 09:20

Seatrium / Sembmarine

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Mgmt comments on prospect not encouraging. Recovery no where within sight.

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29-Apr-2019 12:14

Alliancen6.5%170818 / Alliance Mineral

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If Alliance record sale of its own spodueme to its own JV as its own revenue, then it is obvious what is going on. So many examples of companies using private entities to play book. It will only be a matter of time before the truth is out.

History always repeat.

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27-Apr-2019 16:32

Hyflux / Hyflux

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That's why must be shameless to be rich. Taking a $1 salary after pocketing millions from the company that she built is like a big sacrifice compared to those who stand to lose their life saving from the same company that she built. What a gracious society we have.

Nicely done!

Starship ( Date: 27-Apr-2019 11:23) Posted:

This must be the Story of the Year................

Olivia Lum says she will take S$1 salary until Hyflux is restructured
FRI, APR 26, 2019 - 5:50 AM

AMID cries for her to step down or be replaced by a judicial manager, Hyflux chief Olivia Lum has decided to take a pay cut in another late show of solidarity with retail investors who face combined losses of more than S$900 million.

" I have decided that henceforth, I................................ (BT Premium article)

https://www.businesstimes.com.sg/companies-markets/olivia-lum-says-she-will-take-s1-salary-until-hyflux-is-restructured

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24-Apr-2019 12:13

Others / Alliance Mineral Asset Limited

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Testing previous low of 16cts. This is is a scam?

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17-Apr-2019 15:04

Hyflux / Hyflux

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The inevitable.

Is Hyflux in a better condition after removing this turmor?

guards80 ( Date: 17-Apr-2019 15:02) Posted:

PUB issues 30-day takeover notice for Hyflux's Tuaspring desalination plant

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16-Apr-2019 08:50

Others / Alliance Mineral Asset Limited

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With lithium spodumene pricing dropping, will AMAL going from possible strength to now loss-making and eventually close shop?

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12-Apr-2019 13:28

Others / Alliance Mineral Asset Limited

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What happened to AMAL? DId it acquire Tawana or was it the other way round in the end?

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12-Apr-2019 13:22

Nam Cheong / Nam Cheong

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On 4 Apr, SGX queried NC on the auditor' s dsclaimer of opinion on their FY resutls. SGX asked if NC should suspend trading of their shares.

NC made bold assumptions on the followings:
- suifficent cash flow assuming reasonable vessel selling price and daily charter rates,
- no material claims from creditors
- positive outlook of the AHTS market.

Less than a week after replying to SGX, NC halted....

NC made unrealistics assuming on the first and thrid points and chances of claims from creditors is not unlikely. As usual, mgmt always paint a nice picture to slapped their own face a few moments further down the road.

Berani ( Date: 11-Apr-2019 22:49) Posted:

stll halt.. what happen

makdatok ( Date: 10-Apr-2019 20:40) Posted:

When oil down these companies will be down also..When oil stays high this companies ll benefit.No such thing as bad listing!!

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12-Apr-2019 13:08

Venture / Venture

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Calculated from 1st Jan to 8 Apr.

Starship ( Date: 09-Apr-2019 16:12) Posted:

On 9 Apr 2018, Venture stock price closed at 28.10c.
On 8 Apr 2019, it closed at 18.70.
So how did SGX calculate that Venture Year-to-Date Returns is 35.1% ???

5 best-performing billionaire stocks returned 49% year to date: SGX
TUE, APR 09, 2019 - 2:11 PM

THE five top-performing billionaire stocks in Singapore have averaged a total return of 49.0 per cent in the year to date, the Singapore Exchange said on Tuesday.

Billionaire stocks are those with over S$1 billion market capitalisation. Over the last 12 months, the top five performers were Hi-P International (89.8 per cent), SBS Transit (47.4 per cent), Thai Beverage PCL (38 per cent), Venture Corp (35.1 per cent), and Silverlake Axis (34.7 per cent).

https://www.businesstimes.com.sg/stocks/5-best-performing-billionaire-stocks-returned-49-year-to-date-sgx

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05-Apr-2019 09:48

Trendlines / Time to buy !

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What' s up with this?

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05-Apr-2019 09:44

Ezion / ezion views

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Ezion has been using lack of fund as the reason for its lack of profitablility. Now no excuses. Let see if they perform or cited other excuses for non-performace in the next 2-3 quarters.

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02-Apr-2019 13:39

Ezion / ezion views

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Hm..... this deal.....

So Yinson taking over the US916mil debt over undisclosed amount with lenders (where is it in the announcement that said Yinson is taiking over US$916mil debt with US$200?) which they will convert to 22.6billion shares at so-called $0.055 per shares. So if they are in fact taking over the debt at the said 20% of that debt amount, then actual cost will be $0.011 per shares.

Now the option to subscribe at $0.065 will cost them $203 mil but add another 3.4 billion shares. So what is their average cost per share for that 26billion shares? Only $0.018 per shares.

So at last traded price of $0.043, this represent a discount of 58%. So this round, lender lugi US$716mil, Yinson got a large chunk of the company very cheap at $0.018 per share and existing shareholders faced major dilution.

Since the announcement intentionally left out Yinson real cost but keep brainwashing people with figures like $0.055 and $0.0605, then I suppose the common people mind will want and will they themselves make $0.055 or $0.0605 happen.

CheeryVGoh ( Date: 02-Apr-2019 12:30) Posted:

Malaysia oil-services firm Yinson sails to the rescue of Ezion

By:

PC Lee

02/04/19, 12:05 pm

(Apr 2): Malaysia-listed oil-services firm Yinson Holdings Bhd has come to the rescue of Ezion Holdings.

The loss-making Singapore liftboats operator will be acquired by a unit of Yinson after it struck a deal with Ezion' s lenders.

On Monday, Yinson Eden Pte Ltd (YEPL) entered into the conditional debt conversion agreement and conditional option agreement with Ezion.

YEPL will acquire the benefits and rights of up to US$916 million ($1.24 billion) of Ezion&rsquo s loans for approximately US$200 million or 5.5 cents each to be financed via a 75%-25% debt-cash deal.

Upon completion of the debt conversion, YEPL will hold a minimum 70% stake in Ezion&rsquo s enlarged share capital.

YEPL will be granted a waiver from undertaking a mandatory general offer and will have the option to subscribe to 3.4 billion new shares at 6.5 cents each totalling $203.3 million.

YEPL intends to retain the listing status of Ezion.

Ezion currently owns 66 vessels including 13 liftboats, 18 rigs, five OSVs and 30 tugs and barges.

Of these assets, the liftboats are key to Ezion' s venture into the offshore windfarm sector.

With the debt resizing, analysts say Ezion will have a cleaner balance sheet, with interest savings of US$20 million p.a.

Lim Chern Yuan, Yinson&rsquo s CEO, says the group is optimistic about the turnaround of Ezion&rsquo s business.

Lim also says the acquisition of Ezion&rsquo s lifeboats is in line with the group&rsquo s ambition to venture into the renewable energy sector.

However, Maybank KimEng says turning around Ezion will be major coup for Yinson can pull it off.

The research house also sees some short-term earnings headwinds for Yinson once the deal is completed while a likely US$400 million goodwill write-down will raise its gearing to 0.9 from 0.5.

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31-Mar-2019 10:59

QT Vascular / QTV - potential to go back to 50cts?

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The recommendations from FDA on 15 Mar explicitly recommended using alternative to pacilaxel-coated balloons. This is really FDA saying dont use DCB anymore until further results. The impact to DCB is much more significantly when compared to the 17 Jan letter.

Cannot compares QTV to Medtronics or Teleflex. DCB is just but one of the many products they sell. Maybe only 1-2% of their business. For QTV, DCB is pretty much everything they have now, easily ompacting 80-90% of their business. Share price reacted in proportion is absolutely reasonable.

No short-selling reported doesnt means there are no short-selling.

If FDA final outcome remains unchanged, then there is no reasons for Teleflex to exercise the option to acquire DCB from QTV. The impact of this to QTV is obvious.

WIll QTV close shop? Unlikely. Since staying listed means they keep the " get money from capital market (or retail sharesholders)" line open. Sp why close shop. If DCB failed, they can use shareholder money to acquire other businesses, especailly those that the mgmt has personnal vested interest like the penis company which the CEO desperately needs.

Gd luck!

FreedomInvestor ( Date: 30-Mar-2019 23:36) Posted:

My observation on recent developments at QTV:

1) First warning issued by US FDA on the mortality risk relating to paclitaxel-coated balloon was issued on 17 Jan 2019 but it doesnt seem to have much impact on share price. QTV continue to trade at S$0.007 to S$0.008 in Jan and Feb
2) Selling down seems to be triggered by the second warning issued by US FDA on 15 March 2019. A long red candle was observed on 15 March 2019 - open at 0.008 and close at 0.006. Volume increased from 700k a day earlier to 2.6 mil on 15 March. Strangely, the FDA announcement should have come after SG market close due to time difference but QTV' s share price has already reacted prior to the official announcement.
3) Since then, QTV has plunged from 0.008 to 0.003

Seems like the selling is primarily driven by negative news on the paclitaxel-coated balloon. But when we look at the share price of other major players in the paclitaxel-coated balloon market like Medtronic and Teleflex, their share price did not react to the FDA announcement. No doubt these big companies are better diversified with other product lines and less affected by the warning on paclitaxel-coated balloon, but the fact that there was no reaction in their share price to this announcement seems to imply that the US investors are taking the warning in stride.

Since 15 March, a total of 310.148 mil shares had been traded, equivalent to about 15% of the total shares issued. No short-selling activity was reported during that period. Substantial shareholder - Three Arch had already fully exited from QTV in Jan and as at now, there isnt a substantial shareholder with more than 5% stake in QTV. So who is churning the trading volume and what is the objective of these guys? Something to ponder about.

In terms of fundamentals, the sale of licences last year had helped to improve the financials of QTV. Back to positive equity, net cash, zero debt. NAV of US$0.008 or S$0.11 per share. Market cap of S$6.3 mil is below net cash of S$11.3 mil. Future potential gain includes S$6.6 mil from Teleflex if non-coated coronary products hit certain milestone (these are not affected by FDA warning) and another S$65.6 mil if Teleflex exercise option to acquire drug-coated balloon. Current share price is factoring in a doomsday scenario that write-off any potential gains and existing patents and technologies and QTV going down. Company continues to burn cash but at least the cash hoard should be able to sustain the cash burn for a few quarters. Moreover, current situation wasnt as bad as FY17 when QTV was in negative equity and technically insolvent but yet now it is trading at a historical low level. The next question is whether there is anything happening behind the company that investors are not aware of.

Base on current situation, outcome could be binary - either QTV goes bust and investors lost everything, or fears are dispelled, Teleflex exercise option and QTV becomes multi-bagger.

I would keep a close look at the announcements from FDA and keep track of any new studies relating to the mortality rates relating to paclitaxel-coated balloon.

Vested.

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28-Mar-2019 15:08

QT Vascular / QTV - potential to go back to 50cts?

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EDB cry no tears.........

Maller ( Date: 28-Mar-2019 14:48) Posted:

Last time more than 39 cents and invested by edb?

Maller ( Date: 28-Mar-2019 14:39) Posted:

Nothing what? Just make changes to the trial loh, why dropped so much?? Dyodd

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28-Mar-2019 14:06

QT Vascular / QTV - potential to go back to 50cts?

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If FDA concluded DCB increases chances of death, then QTV death will also be quick.

NextEvolution ( Date: 28-Mar-2019 13:03) Posted:

The primary reason I could deduce for the fall from 0.7 to 0.4 is the recent Jan/Mar FDA warning about coated Balloons & Stents. QTV businesses depended on these 2 types of devices for survival.

If it clear off and given stamp of approval, then expect share price to surge, especially it's very important Chocolate Heart coronary coated device. Otherwise, it will be a death spiral to bottom

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25-Mar-2019 09:50

QT Vascular / QTV - potential to go back to 50cts?

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You do know this company has consistent negative operating cashflow since day one till now. It will only take 2 to 3 quarters for your US$0.047 NAV will be reduced to nothing.

SmallSmall ( Date: 25-Mar-2019 05:36) Posted:

It's 2 different matter all together. When the option was priced at $0.35 did the company have a NAV of > $0.35? I am comparing the latest option reprice of $0.006 to the company's NAV of US$0.047. So it is 2 different comparison.
Do agree on the latter point that they are selfish though.

sheerluck ( Date: 22-Mar-2019 10:04) Posted:

How can it be safe to buy at 0.006? So when the exercise price was 0.35, it was safe to buy at 0.35? So if price still dip below 0.006 and company decided to issue new options at 0.004, then will it be safer to buy at 0.004 then?

Frankly speaking, the management of this company is super selfish. Look at the 19 Dec 2018 company annoucement on QTV investment in a penis company. The mgmt uses QTV fund to further invest in the penis company where the CEO and one of the directors has a stake but the benefits go to the CEO and not QTV.

Extracted from announcement
Mr. Eitan Konstantino (Chief Executive Officer of the Company) and Mr. Mark Allen Wan (Non-Independent NonExecutive Director of the Company) are financial investors in the Investee Company. .......... Previously, Mr. Konstantino had assigned his right, title and interest in and to certain intellectual property related to the treatment of ED to the Investee Company in consideration for royalties which are payable by the Investee Company to Mr. Konstantino. Neither Mr. Konstantino nor Mr. Wan is involved in the management or operations of the Investee Company.

Shouldnt have used company fund for their own selfish interest. But perhaps the CEO needs some hlep......

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22-Mar-2019 10:04

QT Vascular / QTV - potential to go back to 50cts?

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SmallSmall ( Date: 21-Mar-2019 20:22) Posted:

Just announced repricing of stock options to $0.006. Luckily not some law suits.
Even the staff have to pay $0.006 to exercise the options. So it is safe to buy $0.006 unless there are other reasons behind the heavy volume.

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20-Mar-2019 14:51

YuuZoo Networks / Yuuzoo - The truth must be revealed!

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The residual valus of Yuuzoo shares are with those still holding on since day one of WCorp or Cortel (cant rem exact names). What Yuuzoo wants is to extract out all these reisdual values using GEM style hair-(fund)raising method. If SGX truly understand this, then they should not allow Yuuzoo to lift suspension until SGX is satisfied that Yuuzoo has a viable business and just hot air.

If Yuuzoo cannot continue their business because their shares are suspended, then can Yuuzoo pls explain how their business managed to continue prior to having a listing status? Yuuzoo is really full of nonsnense.

To be fiar, Yuuzoo tried but fail. Also to be fair, Yuuzoo was experimenting their biz model using money from the capital market including retailer money. I envy Yuuzoo. Can simple take peole money and test lucky or not. Lucky or not, the mggt still earn fat salary and director fees. No penalty whatsoever.

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19-Mar-2019 08:46

YuuZoo Networks / Yuuzoo - The truth must be revealed!

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No wonder they keep wanting SGX to lift suspension. They are doing another GEM style fund raising. This is Yuuzoo real business?

Yuuzoo gets money, shareholder pays.

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