ShareJunction - Member Posts

Back

Latest Posts By nngeeh - Veteran

About nngeeh

First < Newer 161-180 of 534 Older> Last

01-Dec-2017 18:02

Duty Free Intl / Duty Free

Go to Message

x 0

The annoucement came out only yesterday, but they received the demand on 14 November / 21November. Why they didn' t release the news when they receive it, and waited until yesterday to make the announcement?

If you look at the chart, it seems that there was a pump up after 14Nov to 0.285, and then, it turned south after November 22 ...... hmmm .....coincidence?

tonylim70 ( Date: 01-Dec-2017 17:49) Posted:

Dividend payout by Duty Free International

The 1st and 2nd interim dividend paid out by Duty Free international in 2015 was around $50M ringgit which translate to 1.75 cents SGD dividend.
==> $40M ringgit is only about 1.5 cents SGD. And the share price has already dropped from 28 cents to 25.5 cents ==> investors already factored in the loss of 1.5 cents SGD. And Duty Free International is very confident of winning the case.

nngeeh ( Date: 01-Dec-2017 12:45) Posted:

Could be related to the announcement yesterday asa below. If the custom wins, Duty Free might need to pay up to $40M MYR ...... the selldown could be due to this uncertainty.

Seruntun Maju Sdn. Bhd. (" SMSB" ) has received the bills of demand dated 14 November 2017 from the Royal Malaysian Customs of Perak Darul Ridzuan (" Customs" ), which SMSB received on 21 November 2017, demanding payments of customs duties, excise duties sales tax and Goods and Services Tax (" GST" ) as follows:-

i) RM15,400,962.14 claimed under the Customs Act 1967, for the period of 15 November 2014 to 30 September 2016.

ii) RM23,560,972.94 claimed under the Excise Act 1976, for the period of 15 November 2014 to 30 September 2016.

iii) RM377,704.90 claimed under the Sales Tax Act 1972, for the period of 15 November 2014 to 30 September 2016.

iv) RM2,255,346.88 claimed under the Goods and Services Tax Act 2014, for the period of 15 November 2014 to 30 September 2016.

The said Bills of demand were raised by the Customs Department who alleged that SMSB did not comply with certain conditions of a duty-free shop located at the border of Perintah Tetap Kastam Bil 55.

The Company, after consultation with its solicitors, strongly believes that there is no legal and/or factual basis for Customs Department to arrive at their decision to raise the said Bills of demand. This is especially when SMSB&rsquo s duty free shop is located outside the principal customs area. The solicitors

of SMSB will be taking the necessary defence actions on its behalf.

Good Post Bad Post

01-Dec-2017 12:45

Duty Free Intl / Duty Free

Go to Message

x 0

Just4win ( Date: 01-Dec-2017 12:37) Posted:

I am too puzzled.

Anyone can share thots here ?

dragonboy76 ( Date: 01-Dec-2017 11:28) Posted:

Keep dropping. Any reason?

Good Post Bad Post

30-Nov-2017 17:24

IPO / Cromwell European REIT (Cereit)

Go to Message

x 0

Agreed. Unless you are looking at long term, and looking for passive income and also to hedge against inflation, REIT will be a suitable candidate.

I attended the Manulife talk on Tuesday. They mentioned that the interest rate will only go up when the market is doing well. Even though the increase in interest rate might eats into the dpu, the possibility of rental upward revision is also there as the market is doing well, and that will offset the impact of increasse in interest rate. Again, the projected yield of 7.8% in 2018 and 8% in 2019 is really attractive. If the properties are there and able to be rented out, it will continue to give div that is way better than Fixed Deposit.

SimpleTrade ( Date: 30-Nov-2017 16:53) Posted:

Not a good idea to speculate reits. Of course, no quick bucks for this.

wishbone ( Date: 30-Nov-2017 14:33) Posted:

Walau! Even able to sell at this IPO price, also have to lose money for the broker' s fee.
Brokers laughing all the way to the bank

Good Post Bad Post

30-Nov-2017 11:42

IPO / Cromwell European REIT (Cereit)

Go to Message

x 0

Actually 7.8% (2018) and 8% (2019) is actually quite good, and the P/B is at 1.038 (not really at premium).

From the ballot announcement yesterday, it seems that Temasek is also vested via placement through their 100% holding company " SeaTown Master Fund" . Furthermore, Europe is ending their QE, and Euro will most likely go up in mid/ long term. SGD/USD dropped to a low of 1.2 but has climbed to current 1.34 (high of 1.45) since they stopped QE. However, as this is REIT, it' s not for short term.

Good Post Bad Post

29-Nov-2017 12:54

Ying Li Intl / capitaland maybe interested in YINGLI

Go to Message

x 0

Thanks. We are all here to make $$$. The tough part is to understand which information is " real" and which is not.

Normally, if the coy announce a deal that will take long time, there is a high chance that it will not go through. For this, the 9.7% aggregrate consideration which will be paid within 5 days as soon as SGX approves it ..... it' s too short duration to pull any stunts ... for me, this is almost a done deal.

investor7 ( Date: 29-Nov-2017 12:39) Posted:

Hi nngeeh, welcome onboard! Really appreciate your analysis :)

Good Post Bad Post

29-Nov-2017 12:04

Ying Li Intl / capitaland maybe interested in YINGLI

Go to Message

x 0

And the announcement stated that " 9.7% of the Aggregate Consideration is to be paid five days after the completion of the
Proposed Sale (&ldquo Completion&rdquo ), which is targeted to occur before the end of November 2017 if the requirement for Shareholders&rsquo approval for the Proposed Transaction and compliance with the requirements of Chapter 10 of the Listing Manual is waived "

This means that the buyer already has the cash on standby to make the payment for the 9.7%. I don' t think this will occur in the next 2 days as this is subjected to SGX approval, but it should be soon. Hopefully SGX will approve this soon.

Good Post Bad Post

29-Nov-2017 11:57

Ying Li Intl / capitaland maybe interested in YINGLI

Go to Message

x 0

The asset that will be sold represent only 27.1% of NAV (around SGD $0.106) but will get back in cash of approximately SGD 0.225. Beside this cash that they will be getting back, they still have 72.9% of the NAV.

The current price is only 0.15+, but they will get back cash of 0.225 + 72.9% NAV.

I will add more once the buyer pay 9.7% of the aggregate consideration (which i calculated to be more than SGD 60M - pls correct me if i got the numbers wrong). This is expected to be completed very soon if SGX gives the go ahead.

Good Post Bad Post

29-Nov-2017 10:47

Ying Li Intl / capitaland maybe interested in YINGLI

Go to Message

x 0

Sounds genuine to me.

Just went in. If SGX approvals this, the buyer will be paying ard 9.7% (more than $60M) by end of this month. If that amount is paid, it will be almost a done deal.

Good Post Bad Post

27-Nov-2017 08:31

CapAllianz / Loyz Energy - Brewing ?

Go to Message

x 0

Bro, this is a non-underwritten rights issue.

dav781 ( Date: 27-Nov-2017 08:14) Posted:

Why I am confident about CWX?

1. Oil price (Brent) is currently above US$63 and should stay above US$60 in the near future.
2. Rights issue price at $0.009, undertaken by a few SSHs (which include the Chairman).
3. NAV per share after share placements and rights issue is US$0.0168 cents (S$0.0225).
4. The above NAV per share is calculated when oil price around was US$50. Now, oil price is above US$60. I expect NAV per share to be slightly higher.
5. The company has no debt or liquidity issue, unlike Noble. In fact, it will be flushed with cash after the rights issue, which is underwritten. So it should not be trading at less than 50% NAV per share. This does not make sense.
6. From its recent results report: " With the production application (&ldquo PA&rdquo ) for one of the three successful wells drilled being approved by the Department ofMineral Fuels of Thailand (&ldquo DMF&rdquo ) in October 2017 and through discussions with the DMF for the other two wells, the Group is expecting these three new wells to go on stream by end of 2Q FY2018. The addition of the new wells is expected to increase the current production volume by more than double, and coupled with the current recovery in oil prices, the Group is expecting to turn in a better financial performance going forward."

Why the share price is doing so badly now?

1. Recent weakness in all penny stocks.
2. Rights issue creating concerns among investors, as new business (fund investing) is not clear-cut and easy to understand.
3. Sell-down by some SSHs, who did not want to continue to invest more $$$ in the company for the new business.

Let' s see :-)

Good Post Bad Post

22-Nov-2017 12:23

Sinarmas Land / Tenasek into sinarmas land...how true insider news

Go to Message

x 0

Announced good result. Will be giving div .... yet it is trading new 52 wks low. To me, it seems to be purposely pushed down for accumulation.

nngeeh ( Date: 14-Nov-2017 09:23) Posted:

If they are able to complete the disposal of the property in Orchard, the FY report will look even better as they will be able to recognise another additional $100M. The odd part is that it' s still trading near to 52wks low, whereas their performance is much higher than last year.

Hope they will give out another div if the disposal is completed before the next report.

Good Post Bad Post

22-Nov-2017 12:21

EnGro / Mgt Buying

Go to Message

x 0

Went in recently. With enbloc fever, there will be many new development. Both construction and properties counters will be in play. Won' t be surprised that Engro which is involved in Concrete might also be played up. It is trading way below it' s NAV .... good undervalue counter to look at

Good Post Bad Post

20-Nov-2017 00:17

Duty Free Intl / Duty Free Share buyback and Berjaya Waterfront

Go to Message

x 0

The longer it takes to accumulate ... it will have higher possibility of going higher. It has been stuck in this range for quite sometime. I believe the BB is just waiting for the next Q or final Q result to be out before pushing it up.

Good Post Bad Post

20-Nov-2017 00:15

IPO / RE&S Jap Restaurant grp IPO

Go to Message

x 0

Applied ..Closes tomorrow noon

SimpleTrade ( Date: 19-Nov-2017 17:10) Posted:

Closing on 20 Nov .

Japanese restaurant group RE& S Holdings has priced its initial public offering of 38 million shares at 22 Singapore cents a share.

RE& S is offering 38 million shares, with 35 million shares being placed and three million shares for public subscription.

The offer price represents 11.6 times its earnings per share of 1.9 cents in the 2017 financial year, which ended on June 30.

Heliconia Capital Management, a wholly-owned subsidiary of Temasek Holdings, has agreed to subscribe for 16 million cornerstone shares at this price, through Orchid 2 Investments, a vehicle it manages and controls.

Good Post Bad Post

17-Nov-2017 09:30

Healthway Med / healthway, healthy?

Go to Message

x 0

Bought it back today @ 54 :)

nngeeh ( Date: 09-Nov-2017 15:43) Posted:

Offload some at 61. 32% gain after holding 10 mths. Thanks Lippo.

nngeeh ( Date: 27-Feb-2017 12:27) Posted:

Went in this morning at 46. Initially queued 44, but the buy queue for 44 and 45 kep increasing ... so .... settled for 46. The safety net is 42. Hope to see Lippo do an " IHC" on Healthway.

Good Post Bad Post

16-Nov-2017 11:45

RHT HealthTrust / Religare H Trust

Go to Message

x 1

x 0

Just bought some.

Good Post Bad Post

14-Nov-2017 09:23

Sinarmas Land / Tenasek into sinarmas land...how true insider news

Go to Message

x 0

Good Post Bad Post

11-Nov-2017 18:19

Sinarmas Land / Tenasek into sinarmas land...how true insider news

Go to Message

x 0

Went in at 0.420. The Q2 result was good, but the price dropped instead. It has been hovering between 0.415~ 0.440 .... to me, it seems to be accumulation. They release a news lately that they will be selling properties to Hiap Hoe and will recognise 100+ Million. Yes, the price didn' t go up .....

It' s trading near 52 weeks low .... reported massive increase in revenue in their Q2 report ... will be selling properties and will soon able to recognise another 100M .... many properties counters are all going up.

Good Post Bad Post

09-Nov-2017 15:43

Healthway Med / healthway, healthy?

Go to Message

x 0

Offload some at 61. 32% gain after holding 10 mths. Thanks Lippo.

nngeeh ( Date: 27-Feb-2017 12:27) Posted:

Went in this morning at 46. Initially queued 44, but the buy queue for 44 and 45 kep increasing ... so .... settled for 46. The safety net is 42. Hope to see Lippo do an " IHC" on Healthway.

Good Post Bad Post

04-Nov-2017 18:43

IPO / US REIT, KBS Realty partnering with Keppel Capital

Go to Message

x 0

Will try my luck.

chengwh1 ( Date: 04-Nov-2017 16:16) Posted:

Just tapping to see how many forummers here are subsribing for this IPO,.... Subscription ends on coming Tuesday, Kuan Yin Birthday,....

Good Post Bad Post

21-Oct-2017 17:06

OUE Healthcare / IHC

Go to Message

x 0

If this counter is going up.... I believe Healthway which OUE owns majority will most likely go up too. It' s trading at only 0.049 now.

Good Post Bad Post

First < Newer 161-180 of 534 Older> Last

ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.