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15-Mar-2017 08:28

Golden Agri-Res / GoldenAgr

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Matched closing at 0.375. Hope wont get stuck...... hoping for a rebound

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14-Mar-2017 11:04

Healthway Med / healthway, healthy?

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Did they lend out all the funds to other party A & B, and didn' t leave any behind to pay the doctors?

These funds belong to the shareholders .... how can they just lend it out and then write it off?

Octavia ( Date: 14-Mar-2017 10:32) Posted:

No doctors reportedly turned up for work at seven of its family clinics on Monday because certain anchor doctors are on medical leave and no locum doctors could be found to relieve them. HMC has failed to pay salaries of its doctors and senior management amounting to $3.9m last month and has until the end of the month to make good on total obligations worth $10.7m. As at end 2016, its cash balance stood at $2.4m.

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14-Mar-2017 11:00

Healthway Med / healthway, healthy?

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As per the report, it is stated that SGX made a rare move to step in and stop the issuance of notes which will need to go through a shareholder vote. I wonder who lodge the complaint that made SGX step in? I hope it is Lippo ... meaning they are dead serious in avoiding dilution of the shares and gain control of HW,

Why Lippo won' t table a motion to remove the directos just like IHC?

From the report: One day before the notes were set to be issued, SGX made a rare move to step in. It told HMC the issuance must be put to a shareholder vote in compliance with Catalist listing rules.

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13-Mar-2017 11:01

Healthway Med / healthway, healthy?

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I' m not familiar with the legal aspect. Can the agreement be legal binding if it is not in accordance of the Catalist Rules? As per the announcement on 11 March as indicated below, SGX highlighted that the issuance of the Initial Notes (comprising CN A and NCN) would result in a transfer of controlling interest pursuant to Rule 803 of the Catalist Rules and thus requires Shareholder' s approval.

From this aspec, if it' s against the regulation, i don' t think gateway can enforce that agreement. If not, they would have been able to transfer the fund and not needing to even revise the offer.

If Lippo intends to stop this unfair agreement that involving the requirement to buy HME, they might want to gather more shares to vote against this. If they don' t need to buy over the 40+% of share from gateway, they will have the extra sum to buy more shares at higher price to control Healthway.

Please correct me if i' m wrong.

EXCHANGE&rsquo S DIRECTIONS REGARDING THE PROPOSED ISSUANCE OF NOTES The Company has been informed on 8 March 2017 via its sponsor, PrimePartners CorporateFinance Pte. Ltd. (&ldquo Sponsor&rdquo ) that the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ), having considered the responses from the Company to its queries of 10 February 2017, 27 February 2017, 1 March 2017, 2 March 2017 and 8 March 2017 (&ldquo SGX Queries&rdquo ) &ndash details of which are set out in Section B below, is of the view that the issuance of the Initial Notes (comprising CN A and NCN) would result in a transfer of controlling interest pursuant to Rule 803 of the Catalist Rules. Accordingly, the issuance of the Initial Notes should be subject to shareholders&rsquo approval. (&ldquo SGX Directions&rdquo )

teeth53 ( Date: 13-Mar-2017 10:10) Posted:

At 0.42c. No news abt GW giving up their binding agreement with HMC, which is legal binding. Now GW in agreement with SGX, had 14-days to review due diligence.
Lippo offer is take it or leave it which GW did not bite

Now with a competitor. GW may perhap start to review, revise better term n condition binding their agreement for HMC n may take it to the EGM. How much is worth is not review when GW wanted to loan SGD$70M?. Now GW may have to review how much is HMC to them?.

Based on the last previous bundled / married deals from opened mkt, it range from 0.49c to 0.59c. That was how mkt players rated HMC.

Another 14-days more to go...my thot is GW may come up with something better than nothing, to offer stake holders a better deal then the old agreement.

nngeeh ( Date: 13-Mar-2017 09:31) Posted:

If you refer to the latest announcement... SGX stopped it. The fund was not transferred over. And SGX said they need to get shareholder' s approval. As per the announcement... Lippo is currently the biggest shareholder.

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13-Mar-2017 09:31

Healthway Med / healthway, healthy?

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teeth53 ( Date: 13-Mar-2017 09:19) Posted:

I feel GW got all ready to fund n take over HMC n HME. Then Lippo come into the picture, hoping to takeover at their price.

nngeeh ( Date: 12-Mar-2017 17:09) Posted:

Need to support Lippo to take control.... remove the directors.... investigate the suspious loans.....and also investigate the directors. Will need to recover the loans.

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13-Mar-2017 09:14

Healthway Med / healthway, healthy?

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If Healthway is able to pull through this period of lack of fund.... and the loan arrangement is blocked ..... Gateway can' t convert the shares...Lippo won' t need to spend so much to buy almost 50% shares of Gateway at 42. As the share won' t be diluted.... Lippo will be allocate the fund that is catered for Gateway to up the offer price for other retailers. If there is an egm to vote for approval of loan to Gateway... I am sure many will turn up to block it just like IHC.

newbieinvestor ( Date: 13-Mar-2017 08:41) Posted:

The Company has been faced with tight liquidity issues since June 2016 and is on the brink of defaulting on debt obligations if it does not receive the proceeds from the Initial Notes on 9 March 2017. - why he give money to other people he ownself got no money? why never take back the money he give to Party A and Party B?

· for unaudited 4Q2016, the Company had S$527,000 in cash and cash equivalents against trade and other payables of S$27,726,000 as at 31 December 2016.

· Company has been unable to fully pay staff and doctor salaries for February 2017 totalling S$5.4 million.

· Company has historically not been able to collect its trade receivables quickly even after engaging debt collection agencies to assist with the collection, with an average aging of receivables of approximately 106 days.

· Disregarding (i) allowances for doubtful, loan and other receivables, (ii) impairment of goodwill, (iii) other operating income from HME and (iv) gain on disposal of available-forsale financial assets, net profit/(loss) attributable to shareholders would have been S$(5.4) million in FY2014, S$(0.7) million in FY2015 and S$0.1 million in FY2016. - why his real profit/(loss) very different from his report to SGX profit/(loss)? like that also can meh?

· Other than the weak financial condition of the Company that has caused it to be unable to obtain financing from new banks and financial institutions and additional financing from existing financiers, the Company was also plagued by negative publicity due to the SGXST&rsquo s &ldquo trade with caution&rdquo announcement issued to the public on 9 September 2015 regarding International Healthway Corporation Limited&rsquo s (&ldquo IHC&rdquo ) shares, as the controlling shareholders of the Company were the same controlling shareholders of IHC at the relevant time. - jialat this controlling shareholders damn lousy one. two two company also got problem. got SGX warning, got police report, EGM got fighting, two two company also got cashflow problem. SGX never investigate properly? Why he ask investigate the Party B China loan he never ask investigate the Party A HME loan?

· some of the Group&rsquo s current lenders have become more cautious and requested for repayment of the existing loans. The recent S$3.0 million of loans which the Company has managed to secure so far in 2017 (as mentioned in paragraph 12.3 below), are short-term (with a tenure of 5 to 6 weeks at effective interest rates (after upfront and service fees) of 26% to 46% per annum). S$10.7 million out of S$13.7 million of total debt outstanding as at 31 December 2016 is due by the end of March 2017. - wha which director responsbile for ah long loan? SGX never investigate? How can listed company borrow ah long? why never borrow bank?

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12-Mar-2017 17:09

Healthway Med / healthway, healthy?

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Need to support Lippo to take control.... remove the directors.... investigate the suspious loans.....and also investigate the directors. Will need to recover the loans.

newbieinvestor ( Date: 12-Mar-2017 16:50) Posted:

becos after the HMC buy the HME then the loan is disappear already. no need pay back one. if Lippo buy maybe he ask to pay back the loan to party A. still got balance $49m?

HMC already do like this last time. you can see from 2013 annual report

14. Loan receivables (continued)

Loan C

In 2012, the unsecured loan was denominated in Singapore dollars. The floating-rate interest is based on DBS Bank Ltd&rsquo s Prime rate, adjusted on an annual basis. At balance sheet date, the loan bears interest at nil% (2012: 4.25%) per annum. The borrower was a company that owned medical clinics in Singapore. Under the loan agreement, the Group provides long term funding for the development, set up and operations of the medical clinics. During the year, the Group acquired the borrower and this loan became a loan between group entities which has been eliminated in the preparation of the consolidation financial statements.

nngeeh ( Date: 12-Mar-2017 15:57) Posted:

After reading the replies to SGX... I don' t trust Gateway... HME is a lousy investment. Why would Gateway put the condition of needing to exercise the option to acquire HME by 31 March as part of the condition of the notes.

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12-Mar-2017 16:46

Healthway Med / healthway, healthy?

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I think the shareholders should challenge the latest financial report. I don' t agreed that the loans to party A & B including HWE should be classified as impairment. It shouldn' t be written off. They should seek to recover the loans through legal means.

nngeeh ( Date: 12-Mar-2017 15:57) Posted:

teeth53 ( Date: 12-Mar-2017 14:29) Posted:

Anyone, Even if is u, me and any others will want to look into their fishy Fan and daughter dealing.

Don says if Lippo. Think GW oso want that too...

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12-Mar-2017 15:57

Healthway Med / healthway, healthy?

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teeth53 ( Date: 12-Mar-2017 14:29) Posted:

Anyone, Even if is u, me and any others will want to look into their fishy Fan and daughter dealing.

Don says if Lippo. Think GW oso want that too...

Alvin2042 ( Date: 12-Mar-2017 14:20) Posted:

Seem like the mgt is so afraid of Lippo taking over. Look something fishy abt their related transactions. Probably if Lippo take over, may unweil improper dealings n cbt.....just my thoight

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12-Mar-2017 13:42

Healthway Med / healthway, healthy?

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Can' t dent that there is a slight possibility of HW going into bankruptcy... it is dependent on Lippo now. They know this possibility and yet they make the offer. Hope that they are serious in taking over... and not because they are angry towards the directors.

HW loan huge amount to HWE... and then write it off as impairment instead of taking legal action to recover it.... and then borrow to buy over HWE ( must be losing money business since unable to recover the loan) .... and Gateway is willing to lend huge amount on the condition it will buy this lousy HMW. I believe all shareholders with the exception of founder and directors will be unhappy.

Really really fishy....

teeth53 ( Date: 12-Mar-2017 12:53) Posted:

Seem to me. Look like GW may have ready the fund to take on Lippo offer. Lippo is not happi (ya. Lippo is unhappi). Basically Lippo only@0.042c, anything more. They Lippo (Riady' s n family) will have to up d price n pay more.

At GW side. GW is looking at the extended 14-days grace period to come out with, perhap something better then nothing. it oso says HMC board had received from subscriber (GW) an alternate proposal, subject to SGX rules n regulation.

SGX maybe playing the middle man role.

This coming week, or next few trading days if (IF) GW alternative proposal is reasonable agree uopn by HMC board n after seen by or guided by SGX hand. Then something better nothing, maybe good or even better for HMC.

The releasing of news or an more reasonable offering (the alternate proposal, the 14-days extened period), requiring timing to co-ordinate with mkt trading condition.

Jusy sharing what goes through my mind.

Daxtheman ( Date: 12-Mar-2017 11:58) Posted:

What's conditions were not met prior to the disimbursement?

Seems that Lippo was unhappy about gateway not wanting to take their $0.042 offer and now trying to use the SGX body to void their offer?

Overall, it's a smart move as it will be cheaper for lippo to become the controlling shareholder once gateway is out.
Lippo has muscle to keep Healthway going and also the legal abilities to try to recoup the fishy loans.

Interesting game it i

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12-Mar-2017 08:45

Healthway Med / healthway, healthy?

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I believe Lippo is already aware of the financial difficulty before they make the offer... but would still hope that they can step forward to provide some loan to tie things over. The shareholders will most likely help to reject the loan arrangement with Gateway. The loan is subjected to buy HME ... which is really suspicious. Once Lippo take over... they should insist of recover back the loans... instead of write off as impairment.

I don' t think Lippo will provide any loan at this moment as the current uncertain situation will push more shareholders to accept the offer and thus helping a Lippo to gain control. Still without the financial... there is risk.

Alvin2042 ( Date: 12-Mar-2017 04:42) Posted:

I mean shot dn.....

Alvin2042 ( Date: 12-Mar-2017 04:41) Posted:

Tks to SGX, HMC is saved from the irresponsible board. Needing a shareholder approval for the loan mean that this will be short dn, and likely Lippo group will step in, shareholders should instigate an EGM to overthrow the board n put in Lippo team

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09-Mar-2017 17:24

Healthway Med / healthway, healthy?

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Of cause " no" ..... will keep and hope Lippo can do wonders for this coy

teeth53 ( Date: 09-Mar-2017 08:49) Posted:

So. U selling to Lippi?. I'm doing nothing

nngeeh ( Date: 07-Mar-2017 16:34) Posted:

I have already received the offer document.... nothing wrong with the offer. I' m just not familiar with the requirement on providing updates regarding the take-up rate.

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08-Mar-2017 16:05

Far East Orchard / Orchard Parade

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If Bukit Sembawang can shoot up so much ... far east orchard which is currently trading at near to 50% can perform similarly.

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08-Mar-2017 09:15

HPH Trust USD / HPH Trust US$

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Being a STI component share will surely command more premium than other trust that are not. The question is how much? For example, you can easily compare Ascendas REIT (STI) with Mapletree, Cambridge, Sabana, Viva.... mainly Industrial Reit with majority focusing in SG... Ascendas' s yield is the lowest.

I don' t think you can expect the yield to be similar when HPH can attract more grade 1 to invest in. If the price drop further.... it will rebound faster.

ecekca ( Date: 07-Mar-2017 21:08) Posted:

HPH price drop better, more attractive

at this price, looks x for a biz trust

earlybird14 ( Date: 07-Mar-2017 21:06) Posted:

Hph trust eps last 4 year was hkd 20 cents. So 20 cents hkd is equal to about 6.7% so higher than Ascendas. Further more, Ascendas distribute 15cents which is more than 13plus cents eps, so their payout ratio is 110% but hph trust is 100%.

So hph trust is healthier.

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08-Mar-2017 09:04

Healthway Med / healthway, healthy?

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The shares belong to you... and they can' t force you to sell unless they have accumulated more than 95% where they can exercise their right to buy back the remaining 5%. At that point, you will not have to choice to reject it.

If they have accumulated 30%, they will be force to make mandatory offer... but you will still have the choice to reject. Currently, they are only at 18.8%. Still a Long Long way before they can force you to sell back at 95%.

chriscyng ( Date: 08-Mar-2017 08:34) Posted:

I had received the offer document.. Can I dont exercise to sell or it is a mandatory to sell ?

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08-Mar-2017 08:53

Healthway Med / healthway, healthy?

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Not sure if anyone is able know who was bought after the offer announcement when it was traded above the offer price? Even if Lippo was buying ... they will have to do it via other means... like thru business partners. They can' t be seen buying above the offer price... especially when they just made the offer. It will make them look desperate... and shareholders won' t sell it to them at 42 if they are desperate and willing to pay above it when the offer is still so fresh. They will have to be seen like they won' t increase the price... for shareholders to sell it to them at 42.

nngeeh ( Date: 07-Mar-2017 20:37) Posted:

They just made the offer at 42 and if they went out to purchase at higher price immediately... what message will they be sending out? Will shareholder accept their offer of 42 if there are announcement that Lippo had gone out to buy from market at higher price immediately after the offer?

yingtai ( Date: 07-Mar-2017 19:18) Posted:

Proof that not lippo behind last week. Lippo not interested with higher price.

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07-Mar-2017 20:47

HPH Trust USD / HPH Trust US$

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Similar to APTT, when it is not sustainable.... even when it is paying more than 10% div... the market will not accept that price which will cause it to go down until it reaches a point where it is seems sustainable.

As HPH is part of STI index counter, most fund is allowed to invest. In term of yield... I think it would be fairer to compare with index share. Beside HPH, the highest yield and yet sustainable should be Ascendas REIT at 6.1%. I think the current price of HPH is definitely not overvalued.

laksaman57 ( Date: 07-Mar-2017 18:05) Posted:

If not wrong, HPH usually trade at yield above 9%. So with dividend guide of only 20-23 hk ￠ , its best estimate would be just usd 0.33. Present price of usd 0.385 alr very good liao

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07-Mar-2017 20:37

Healthway Med / healthway, healthy?

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yingtai ( Date: 07-Mar-2017 19:18) Posted:

Proof that not lippo behind last week. Lippo not interested with higher price.

nngeeh ( Date: 07-Mar-2017 18:52) Posted:

So odd... they finally made the dealing announcement. I thought they should have disclosed it even earlier.... anyway Lippo has 18.83%... still a Long way to go

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07-Mar-2017 18:52

Healthway Med / healthway, healthy?

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So odd... they finally made the dealing announcement. I thought they should have disclosed it even earlier.... anyway Lippo has 18.83%... still a Long way to go

nngeeh ( Date: 07-Mar-2017 18:00) Posted:

If Lippo is gaining control, i' m willing to go in at 43. In long run, i believe it' s positive. If not, Lippo won' t come in at this level on a mico penny counter.

My only worry is that gateway is not willing to let go at 42, and Lippo is not able to gain control. However, i believe when Lippo made an offer at 42 and they inject ard $6m between Dec and Jan to buy from open market, they are already confident of gaining control. But ... it' s better to get the confirmation from the daily update on their holding. Just do not know why there is no daily update on this. If you look at other offer, they will provide this daily update.

teeth53 ( Date: 07-Mar-2017 16:56) Posted:

Lippo is buying only at 0.042c n not buying up. They want to take control at only 0.042c.

I try last 3-days Q-ing at 0.042c. Cannot get. Good luck to you, unless U willing to buy at 0.043c

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07-Mar-2017 18:00

Healthway Med / healthway, healthy?

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teeth53 ( Date: 07-Mar-2017 16:56) Posted:

Lippo is buying only at 0.042c n not buying up. They want to take control at only 0.042c.

I try last 3-days Q-ing at 0.042c. Cannot get. Good luck to you, unless U willing to buy at 0.043c

nngeeh ( Date: 07-Mar-2017 11:39) Posted:

I thought the they will need to make daily announcement ... if Lippo' s share keep going up ... might want to invest more.

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