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Ying Li Intl
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capitaland maybe interested in YINGLI
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investor7
Senior |
05-Dec-2017 16:15
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Very frustrating, this waiting for SGX to give the nod to waive the EGM which most of us agree is a waste of precious time and money to hold. The rich buyer is ready to pay in cash as well as settle any outstanding loan. Ying li is waiting to redeploy the cash to develop new profitable, smaller projects with faster turnover. This offers an opportunity for a bright outlook. We investors are hopeful, but SGX is causing this bottleneck. SGX as a regulator is sometimes more of a hindrance, as it is in this case. It' s not easy to do business. Can SGX offer a better solution than this lock-stock-and-barrel sale of the financial centre project?
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cowabunga
Veteran |
05-Dec-2017 13:35
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Okay. You' ve been very quiet so I thought you cash out already
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HuathuatLeo
Elite |
05-Dec-2017 12:30
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Who is cashing out? Lmao hahaha
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cowabunga
Veteran |
05-Dec-2017 11:27
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Retail players buy while they cash out. Not very smart.
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cowabunga
Veteran |
05-Dec-2017 10:04
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I hate to tell you guys so... but I told you so.
It is early days yet so you can still cash out without losing too much. |
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HuathuatLeo
Elite |
05-Dec-2017 09:47
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Ying li screwed shareholders again? Ouch.
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investor7
Senior |
01-Dec-2017 12:16
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Hovering above 15ct is good. Yesterday closed 15.4ct. Now trading 15.3ct. To YL mgmt: Pls hear us loud and clear: we, the long-suffering retail shareholders deserve a special dividend and regular dividends henceforth! It seems mgmt hs reached enlightenment, ie to get cash, reduce debt, and planning on smaller projects for faster turnaround instead of trapping capital. This is definitely the right direction. Good strategy! |
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shadow
Veteran |
01-Dec-2017 09:48
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HOCK LOCK SIEW Ying Li' s RMB3.3b deal: Time for a dividend? Read full article from Business Times 1 Dec 2017 ......NRA Capital' s Liu Jinshu, the only analyst who covers the stock, tells BT that the company can expand, pay off some of its debts, or even pay a maiden dividend. ......Which brings us to dividends. Even if Ying Li continues investing for growth, a dividend is not a bad idea. Minority shareholders have suffered for too long. Perhaps they deserve something, now that the company can breathe better. The writer is unimpressed with the sale transaction. Show us the money !!! |
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churnw
Elite |
30-Nov-2017 10:17
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Funny good news price down ...
Buy to support |
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investor7
Senior |
30-Nov-2017 10:02
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today still holding above 15ct. Now 15.3ct. Waiting.....waiting.... | ||||
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investor7
Senior |
29-Nov-2017 17:21
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This deal is genuine, there' s no doubt in it. The buyer has financial muscle to offer cash for such a big buyout, offers to settle all the debt of the project, and eager to close fast. We will be disappoinated if SGX does not grant the waiver soon but insists on wasting everyone' s time by calling for an EGM.
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alexchew
Master |
29-Nov-2017 13:34
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doubt they will cook up such stories to buy such a short period of time.. anyway, e buyer is also not a kacang puteh company... Wont be a con job.. | ||||
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nngeeh
Veteran |
29-Nov-2017 12:54
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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.
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investor7
Senior |
29-Nov-2017 12:39
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Hi nngeeh, welcome onboard! Really appreciate your analysis :) | ||||
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nngeeh
Veteran |
29-Nov-2017 12:04
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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. |
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nngeeh
Veteran |
29-Nov-2017 11:57
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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. |
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nngeeh
Veteran |
29-Nov-2017 10:47
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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. |
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investor7
Senior |
29-Nov-2017 08:18
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Yo, high 5 to that, bro! :)
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investor7
Senior |
29-Nov-2017 00:06
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The proposed deal is sincere, but YL mgmt is seeking SGX approval to waive the need to hold an EGM. Actually this is a sale/disposal of asset for cash, which will unlock value for investors, so i hope no need to call an EGM, waste time, waste money to hold. Whereas without an EGM, mgmt aims to get the deal through asap, maybe b4 the next AGM in April. Hv to wait for SGX decision.
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cowabunga
Veteran |
28-Nov-2017 23:00
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Hopefully you managed to cash out at a good price. These type of s chips are more often than not evil con stocks in disguise.
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