ShareJunction - Member Posts

x 0

$Imperium Crown(5HT.SI)

Imperium is still in the midst of preparing Wonder Stone Park for ticketed entry later this year or next year. Coronavirus might delay preparation a little, but should not have major impact on the business or plan of the company.

At 1.1 cent, Imperium is only valued at $8.7m, which is way way below its Net Asset Value. 1.1 cent is also its record low price.

Tempting, but risky

x 0

Your own call :-)

investshare ( Date: 18-Apr-2019 10:53) Posted:

Should buy now?

dav781 ( Date: 17-Apr-2019 18:36) Posted:

1. Signing of official contract with Sim Leisure to build an Escape theme park at Wonder Stone Park. I looked into Sim Leisure' s business model -- low capex and rather good returns. Personally, I think this is a good choice.

2. The company might be running out of cash soon. I expect another placement and priced around 5 cents. 5 cents is the price offered to Sun Bowen for buying over this 40% in GEM. I don' t think banks will lend to Imperium Crown, considering its wobbly share price in the past few months. I also don' t expect Sun Bowen or Henry Wee to exercise their rights at 8.5 cents -- why would they pay 8.5 cents?

3. Progress in One Richardson, Perth. The company invested in this and immediately wrote everything off citing accounting practice. Once this project gets back on path, the amount will be written back into Imperium' s book.

As a whole, the price plunge in Imperium over the last few months had more to do with a SSH selling and maybe some BB short-sellers taking the opportunity to make some $$$. At 2 cents, I still believe the company is grossly undervalued. While I am not sure about the long term prospects of Wonder Stone Park (it might not do well), I don' t think Imperium should be valued so lowly now. In fact, if Sun Bowen indeed has good connections in Linyi/Feixian, I am sure he will be able to bring good businesses to Wonder Stone Park. This is how businesses are conducted China. Therefore, he is willing to give profit guarantee for the sale of his remaining GEM shares to Imperium.

Let' s see :-)

x 0

1. Signing of official contract with Sim Leisure to build an Escape theme park at Wonder Stone Park. I looked into Sim Leisure' s business model -- low capex and rather good returns. Personally, I think this is a good choice.

2. The company might be running out of cash soon. I expect another placement and priced around 5 cents. 5 cents is the price offered to Sun Bowen for buying over this 40% in GEM. I don' t think banks will lend to Imperium Crown, considering its wobbly share price in the past few months. I also don' t expect Sun Bowen or Henry Wee to exercise their rights at 8.5 cents -- why would they pay 8.5 cents?

3. Progress in One Richardson, Perth. The company invested in this and immediately wrote everything off citing accounting practice. Once this project gets back on path, the amount will be written back into Imperium' s book.

As a whole, the price plunge in Imperium over the last few months had more to do with a SSH selling and maybe some BB short-sellers taking the opportunity to make some $$$. At 2 cents, I still believe the company is grossly undervalued. While I am not sure about the long term prospects of Wonder Stone Park (it might not do well), I don' t think Imperium should be valued so lowly now. In fact, if Sun Bowen indeed has good connections in Linyi/Feixian, I am sure he will be able to bring good businesses to Wonder Stone Park. This is how businesses are conducted China. Therefore, he is willing to give profit guarantee for the sale of his remaining GEM shares to Imperium.

Let' s see :-)

x 0

Manipulated by some players. This stock needs patience :-) But if you are happy with small profits, should sell.....

hooh8787 ( Date: 09-Apr-2019 13:34) Posted:

no buyer liao ,
sell la.....

x 0

Expect a positive announcement.

SmallSmall ( Date: 05-Apr-2019 10:53) Posted:

This penny looks strong.

x 0

Linyi is where Wonder Stone Park is located.

investshare ( Date: 20-Mar-2019 09:08) Posted:

Stone park in any of the 6 cities?

That popularity has led Sphere to expand this year, with plans to hold at least six festivals in China namely, in Nanning, Liuzhou, Dongxin, Qingdao, Linyi and Hong Kong.

x 0

No such things as watch list for Catalist.

As for how long he willl hold, I don&rsquo t know. let&rsquo s see.

investshare ( Date: 17-Mar-2019 13:22) Posted:

So he will wait till imperium goes under watchlist first？

dav781 ( Date: 16-Mar-2019 21:54) Posted:

Some action by Henry Wee. Interesting interesting. Buying over Sun Bowen&rsquo s company.

He still has the $$$. Good to buy more Imperium next week at such a low price. The upside potential is so much higher than downward risk.

And yes, while Wonder Stone Park is not so well known now, it is definitely not as ulu as Mars. High speed rail ready by this year and I do like the Sim Leisure collaboration. I understand the concerns of some about this company and I AGREE, but at below 2 cents, I am willing to take some risks :-)

https://www.businesstimes.com.sg/companies-markets/businessman-henry-wee-makes-s0158-a-share-cash-offer-for-fabchem-china

x 0

Some action by Henry Wee. Interesting interesting. Buying over Sun Bowen&rsquo s company.

He still has the $$$. Good to buy more Imperium next week at such a low price. The upside potential is so much higher than downward risk.

And yes, while Wonder Stone Park is not so well known now, it is definitely not as ulu as Mars. High speed rail ready by this year and I do like the Sim Leisure collaboration. I understand the concerns of some about this company and I AGREE, but at below 2 cents, I am willing to take some risks :-)

https://www.businesstimes.com.sg/companies-markets/businessman-henry-wee-makes-s0158-a-share-cash-offer-for-fabchem-china

x 0

1. $120m intangible assets is because what they owned is 50 year rights to Wonder Stone Park. The right is intangible. Look at it from another perspective, if they own a property in China, the lease is usually 40 years to 70 years. In the books, it will be &ldquo hard&rdquo asset, but depreciation every year is done similarly as a 50 year rights.

2. As for deferred tax liability, you only pay when you make a profit.

To me, the books of this company looks ok. However, its share price movement is not. Let&rsquo s see what the gang of Sun Bowen, Henry Wee and Sherman Tan can do. They can bring it down so significantly, they can also bring it up :-)

kt3152 ( Date: 08-Mar-2019 19:09) Posted:

Before you invest Please take a look at the balance sheet of last report. The total asset is 147m of which 120m is intangible asset, not sure what it covers. Cash about 3m but defer tax liability 20+m. Can the new biz succeed?

x 0

我希望他驾崩。他害了这么多股东！

x 0

SGX and/or CAD should step in and investigate this company soon. No negative news and yet plunged so much.

blackiewong ( Date: 29-Jan-2019 10:37) Posted:

Dump n dump

Berani ( Date: 29-Jan-2019 08:09) Posted:

0.012 seem very low alread

x 0

Anyway, one thing I learned about Imerpium. Don&rsquo t trust the buy and sell queues :-)

x 0

If contra player, pls don&rsquo t touch.

if buy and hold, I think it is value for money at this price.

Guojing ( Date: 29-Jan-2019 08:57) Posted:

my advise is dont touch this one ..save your money ..it will go below 1 cents

x 0

1. I think it is a combination of significant shareholder/s selling down + short sellers taking the opportunity to make some quick buck + contra buyers selling when they are fearful. The key question now is how much more the significant shareholder/s has to sell.

2. A few months ago, Imperium announced a key significant shareholder (Lee Mun Suh) had sold down 24m shares @ 3.4 cents, if I do not remember wrongly. She still had 36m shares to sell. At 36m shares, she is holding less than 5% of Imperium shares, so there is no need to announce anymore when she sells down.

3. Considering the volume sold down since last Monday, I think she should be almost done with her selling. I am just estimating, have to see tomorrow. Not sure if there are other significant shareholder/s selling down.

4. Fundamental wise, at 1.2 cent, Imperiun is valued at less than $10m. It has a NAV of 8+ cent per share. The company has already came out to say that there is no negative info/news that they are aware of, so at this current price, Imperium is actually very attractive.

5. Of course, I am not sure how much more the significant shareholder/s have to sell and how aggressive and greedy the short sellers are, so buy this share only if you are able to hold it for at least a few weeks. Worth a punt :-)

Berani ( Date: 28-Jan-2019 17:11) Posted:

so many ppl sell down

shyeo1223 ( Date: 28-Jan-2019 16:29) Posted:

This is a BIG FXXX share as I point out a few times previously.....better sell before nothing left.

x 0

1. When oil price was low, the company said other than aging oil wells, they were doing reserve management &mdash holding back oil production to wait for higher oil price. Now oil price is US$80, but still no higher production. It seems that they are unable to do so. So in the first place, the company was not being transparent with shareholders?

2. The company says that they are doing fund management with CWX Investments. Pls leh, with the not-so-good reputations of Cheong Weixiang and Jeffrey Pang, who dares to invest with them? And the investments are backed by CWX Global. What a joke, when the shares are worth only 0.4 cent!

3. Lastly, is the question with FIT Global. They have been losing around US$100k per quarter for the last 2 quarters. The company said this has to do with start-up costs. We shall see how long this FIT will continue to lose money. Again, it is a opaque investment and we do not know at all what FIT Global is investing in.

Stay out of this bugger! Let it drop to 0.1 cent, if this is what the SSHs want!!!

x 0

He don&rsquo t know la. Always trying to give people the impression that he knows a lot. But if you look at his posts on this company, every time 讲了等于没讲 . From the way he say things, share price goes up, he is right share price goes down, he told you so. Don&rsquo t waste your time on him.

singinvest ( Date: 17-Sep-2018 17:33) Posted:

what' s your target price n target time

x 0

Precisely should liquidate and return the value to shareholders.... Chairman and CEO are both young rubbish.

Berani ( Date: 08-Sep-2018 15:57) Posted:

problem is no ppl will push this counter

dav781 ( Date: 08-Sep-2018 11:06) Posted:

SHUT DOWN CWX!

1. At 0.4 cent, the company is worth than the amount raised during the recent rights issue. And I did not even take into account the value of the 20% it owns in the Thai oil concession.

2. Investors obviously do not have confidence in Cheong Weixiong and Jeffrey Pang. Both are rubbish. Sinjia Land&rsquo s share price is not doing well under Cheong Weixiong, while Jeffrey Pang is from Loyz Energy era, when the company made shitty investments in oil assets all around the world (and wrote them off).

3. Might as well shut down CWX Global and return its value to shareholders. I am pretty confident by we can get much more that 0.4 cent per share. NAV per share is 1.6 US cents, even if I give 50% discount, it is still worth 0.8 US cent or 1.1 SG cent!!!

x 0

SHUT DOWN CWX!

1. At 0.4 cent, the company is worth than the amount raised during the recent rights issue. And I did not even take into account the value of the 20% it owns in the Thai oil concession.

2. Investors obviously do not have confidence in Cheong Weixiong and Jeffrey Pang. Both are rubbish. Sinjia Land&rsquo s share price is not doing well under Cheong Weixiong, while Jeffrey Pang is from Loyz Energy era, when the company made shitty investments in oil assets all around the world (and wrote them off).

3. Might as well shut down CWX Global and return its value to shareholders. I am pretty confident by we can get much more that 0.4 cent per share. NAV per share is 1.6 US cents, even if I give 50% discount, it is still worth 0.8 US cent or 1.1 SG cent!!!

x 0

All China related companies face the same risks, be is Asiaphos, Imperium or for that matter, Capitaland.

if u buy a property in China, it is only for 70 years or 40 years (depending if residential or commercial), and in the balance sheet, it is put under property. Actually, you also need to depreciate over 70 years or 40 years. For Imperium, what it has is a 50 years right, and therefore considered intangible asset in the balance sheet. But as long as the right is clearly defined and protected, it is the same as a property.

Alvin2042 ( Date: 01-Sep-2018 09:26) Posted:

If u look further into its balance sheet, u will not dare to invest as almost all assets are now intangibles or goodwill.
If ever they have any disputes with the Chinese authorities, they become virtually a shell company. (Another Asia Phos?)

dav781 ( Date: 01-Sep-2018 09:02) Posted:

If you look carefully, Imperium 2H 2018 P& L is actually reporting a small net profit. The huge loss is because of the loss it incurred in 1H, which was reported earlier.

And if you look at the loss carefully, many are one time:

1. Loss incurred selling Japanese properties (one time)
2. Professional fees incurred when selling Japanese properties and buying GEM (one time)
3. Cost incurred for giving Sun Bowen rights (one time), and did not affect cash flow
etc, etc.

I am not sure why the company did not highlight these in a press release and let retail investors go away with the impression that it was losing a lot of money.

Like I said, this is a lousy and suspicious company

x 0

If you look carefully, Imperium 2H 2018 P& L is actually reporting a small net profit. The huge loss is because of the loss it incurred in 1H, which was reported earlier.

And if you look at the loss carefully, many are one time:

1. Loss incurred selling Japanese properties (one time)
2. Professional fees incurred when selling Japanese properties and buying GEM (one time)
3. Cost incurred for giving Sun Bowen rights (one time), and did not affect cash flow
etc, etc.

I am not sure why the company did not highlight these in a press release and let retail investors go away with the impression that it was losing a lot of money.

Like I said, this is a lousy and suspicious company.

Lucas4 ( Date: 31-Aug-2018 10:33) Posted:

seems revive after bad news released, buy on the bad news