logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Investor Insights Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back
First   < Newer   1261-1280 of 1739   Older>   Last  
Latest Forum Topics / Chasen    Last:0.186    +0.001  Post Reply
Chasen holdings could be the next big multiplier
petson
Master
05-Jan-2024 11:46     
 
petson About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		this deal?

Godwinlow      ( Date: 28-Dec-2023 15:37) Posted:

Thank you for the article 

SmallSmall      ( Date: 28-Dec-2023 15:22) Posted:

CHASEN: Eye-catching buyout is Xmas present for shareholders?

  Leong Chan Teik
 
  25 December 2023
 
 
 
This is one of the most eye-catching buyouts in a long time among Singapore-listed stocks.

A small-cap company gets an offer to buy 72% of  some  of its subsidiaries for almost  4X  the company' s recent market cap.

equipment relocateRelocating sophisticating manufacturing equipment is a core business of Chasen.

In what could be a Xmas present for shareholders, Chasen Holdings (market cap: S$18 million)  announced  after the market closed  last Friday  that  it had  accepted  an offer of  S$67,401,360  from " an international company" .

That values Chasen in its entirety at  at least  S$94 million (based on 72% of  some  -- not all -- of Chasen' s subsidiaries), or 5X its recent market cap.
 


S$&rsquo m

FY20

FY21

FY22

FY23



Net profit

-15.2

3.4

4.3

2.1



Dividend

0 

0

0

0

The stock traded in the 4-6 cent range this year while its 5-year high was around 9 cents.

The stock performance sort of reflects Chasen' s track record of dividends and earnings, which has not been scintillating (see table).




PPE12.23But where Chasen was strong in was its net asset value -- which stood at  16.8 cents  per share as at end-Sept 2023, translating into S$65 million of value.

Its property, plant and equipment on the balance sheet stood at  S$95.8 million  while an investment property was valued close to S$1 million. 

Chasen said the buyout offer it received is on a " cash-free and debt-free basis" .

That means the buyer will not assume any debt on the subsidiaries' balance sheet nor will the buyer get to keep any of the cash.

Chasen said the net amount it expected to receive will be approximately  S$59,261,760. (This is presumably after deducting professional fees and what not). 

The deal sounds pretty firm at this stage and appears to be a sequel to Chasen' s attempt, some 4 years ago, to spin-off 2 subsidiaries on the Hong Kong stock exchange.  (See:  CHASEN: Progressing towards spin-off of 2 subsidiaries)

At that time, then Non-Executive Chairman Eric Ng said:  &ldquo Right now, if you add up the value of all the subsidiaries, they far exceed the value of the parent company. So, the only thing to do is to let the subsidi­ aries go to realise the full value of the Group.&rdquo

Of course, Chasen said the recent buyout offer is " still subject to final agreements as well as the necessary approvals and clearances from all required governmental and regulatory bodies and any other third-parties and the shareholders of the Company."

Chasen added the customary (but important) caveat: " The Board wishes to emphasize that there is no certainty or assurance that any transaction will occur."

Chasen did not say, among other things:
&bull .... what the identity of the buyer is.
&bull .... which subsidiaries are covered by the deal.
&bull .... how the buyout valuation was arrived at. 
&bull .... what it will do with the cash windfall.
&bull .... what Chasen' s financial structure looks like post-completion.



Lots of questions are outstanding and until there are answers, presumably when  the above-mentioned hurdles are cleared,  the market will be sitting on edge and some speculation will drive people' s decisions to buy or sell or hold the stock.

On the use of the cash windfall, investors naturally want to know if special dividends are coming.

It' s relevant to consider that Chasen is pursuing a large investment to grow its logistics business.

In Sept this year, the company held a ground-breaking ceremony for a  new facility  -- an  integrated logistic warehouse cum corporate HQ -- in Singapore, which will cost S$78 million.


 Useful To Me  Not Useful To Me
petson
Master
05-Jan-2024 11:44     
 
petson About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		if the deal comes true shd be x 4 correct? dydd

wooncs8870      ( Date: 05-Jan-2024 11:22) Posted:

What are the chances of the share price breaking through 0.10 today?

tofudidi      ( Date: 05-Jan-2024 11:19) Posted:

Dyodd.. 100 is coming. Not for weak heart.


 Useful To Me  Not Useful To Me


wooncs8870
Veteran
05-Jan-2024 11:22     
 
wooncs8870 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		What are the chances of the share price breaking through 0.10 today?

tofudidi      ( Date: 05-Jan-2024 11:19) Posted:

Dyodd.. 100 is coming. Not for weak heart.

 Useful To Me  Not Useful To Me
tofudidi
Supreme
05-Jan-2024 11:19     
 
tofudidi About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Dyodd.. 100 is coming. Not for weak heart.
 Useful To Me  Not Useful To Me
wooncs8870
Veteran
05-Jan-2024 11:04     
 
wooncs8870 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		The price is trying hard to break through 0.099 a few times and not successful. Keep on trying until it breaks through the barrier, only them it can go on to 0.103
 Useful To Me  Not Useful To Me


petson
Master
05-Jan-2024 10:49     
 
petson About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		really memory of The Place when i got burn badly...dare not short...dydd

Slowturtle      ( Date: 05-Jan-2024 10:29) Posted:

T-5 ago was a down day at $0.071 and $0.073. Those who shorted and hoping for miracle to get out already lost a tonne.

ThankYou      ( Date: 05-Jan-2024 10:09) Posted:

Buy in is T+2, T+5 for those contra who needs to sell
 Useful To Me  Not Useful To Me
Slowturtle
Senior
05-Jan-2024 10:29     
 
Slowturtle About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		T-5 ago was a down day at $0.071 and $0.073. Those who shorted and hoping for miracle to get out already lost a tonne.

ThankYou      ( Date: 05-Jan-2024 10:09) Posted:

Buy in is T+2, T+5 for those contra who needs to sell.

Slowturtle      ( Date: 05-Jan-2024 09:50) Posted:

What issit about T+5? You mean buy-in by SGX? Those who naked short are in the hands of SGX buy-in at price higher than last traded price on buy-in time. Not worth it
 Useful To Me  Not Useful To Me
tofudidi
Supreme
05-Jan-2024 10:22     
 
tofudidi About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Hohoho.. break 100 next week good start
 Useful To Me  Not Useful To Me


ThankYou
Supreme
05-Jan-2024 10:09     
 
ThankYou About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Buy in is T+2, T+5 for those contra who needs to sell.

Slowturtle      ( Date: 05-Jan-2024 09:50) Posted:

What issit about T+5? You mean buy-in by SGX? Those who naked short are in the hands of SGX buy-in at price higher than last traded price on buy-in time. Not worth it.

ThankYou      ( Date: 05-Jan-2024 09:45) Posted:

Is today considered T+5?
 Useful To Me  Not Useful To Me
Slowturtle
Senior
05-Jan-2024 09:50     
 
Slowturtle About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		What issit about T+5? You mean buy-in by SGX? Those who naked short are in the hands of SGX buy-in at price higher than last traded price on buy-in time. Not worth it.

ThankYou      ( Date: 05-Jan-2024 09:45) Posted:

Is today considered T+5?
 Useful To Me  Not Useful To Me
Slowturtle
Senior
05-Jan-2024 09:46     
 
Slowturtle About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Cannot judge the buy/sell queue volumes. Can be fake. You never know who is in it with deep pockets. Contra players who cannot stomache the volatility can be bruised badly.

wooncs8870      ( Date: 05-Jan-2024 09:31) Posted:

Do you mean the thin buy queue and thick sell queue is just a smoking screen tp force sellers to sell lower?
 

Chansenghoe1971      ( Date: 05-Jan-2024 09:27) Posted:

Never be tricked by the thin buy queue and the thick sell queue
 Useful To Me  Not Useful To Me
ThankYou
Supreme
05-Jan-2024 09:45     
 
ThankYou About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Is today considered T+5?
 Useful To Me  Not Useful To Me


wooncs8870
Veteran
05-Jan-2024 09:43     
 
wooncs8870 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		The price is very close to 0.10 and once it breaks through this barrier, it might end up higher at 0.103 today
 Useful To Me  Not Useful To Me
wooncs8870
Veteran
05-Jan-2024 09:31     
 
wooncs8870 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Do you mean the thin buy queue and thick sell queue is just a smoking screen tp force sellers to sell lower?
 

Chansenghoe1971      ( Date: 05-Jan-2024 09:27) Posted:

Never be tricked by the thin buy queue and the thick sell queue
 Useful To Me  Not Useful To Me
ThankYou
Supreme
05-Jan-2024 09:30     
 
ThankYou About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Okay I will help take down a bit of it.

Chansenghoe1971      ( Date: 05-Jan-2024 09:09) Posted:

4kk shares at 0.10 will be taken down

 Useful To Me  Not Useful To Me
Chansenghoe1971
Elite
05-Jan-2024 09:27     
 
Chansenghoe1971 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Never be tricked by the thin buy queue and the thick sell queue
 Useful To Me  Not Useful To Me
Slowturtle
Senior
05-Jan-2024 09:19     
 
Slowturtle About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		If more pessimists keep shorting, may reach 0.10.
 Useful To Me  Not Useful To Me
wooncs8870
Veteran
05-Jan-2024 09:16     
 
wooncs8870 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Will the share price hits 0.10 today?

Chansenghoe1971      ( Date: 05-Jan-2024 09:09) Posted:

4kk shares at 0.10 will be taken down

 Useful To Me  Not Useful To Me
Slowturtle
Senior
05-Jan-2024 09:15     
 
Slowturtle About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Rocket losing propulsion today.
 Useful To Me  Not Useful To Me
Chansenghoe1971
Elite
05-Jan-2024 09:09     
 
Chansenghoe1971 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		4kk shares at 0.10 will be taken down
 Useful To Me  Not Useful To Me
                                                         First   < Newer   1261-1280 of 1739   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.