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Demostation Supreme	10-Jun-2014 13:05        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the deal falls off the cliff, then there will be a mad rush to buy and also to cover (by shortists) bearing in mind those who supposed to stand to benefit by the 70 cents price via ownerships status or via borrowing in advance.   This mad rush could happen and drive the price upwards very very high.   I think so. Azzaramich      ( Date: 10-Jun-2014 12:53) Posted: This transaction is not yet cast in stone.   There are a number of conditions prcedent for this transaction to happen.   Please read section 3.2 of the announcement. One of them is shareholders approval for the transaction at the EGM. There are also a number of approvals required from SGX.
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FaceTheFact Member	10-Jun-2014 12:53        FaceTheFact About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	From the latest audited FS, the Group has a Total Asset of RMB 2,698,323 mil,  Total Equities of RMB 1,710,155mil  and Total Liabilities of RMB 988,168 mil. This gives the Total Debt to Equity Ratio of less than 37%, which is much better than many other companies, listed or non-listed. Pse refer to SGX or their website for audited figures.   ....  http://www.mzcan.com/singapore/B22/financial/10/EN/_HgCDFnf5CpDt.pdf         Demostation      ( Date: 10-Jun-2014 12:19) Posted: RtTO was approved by shareholders already, right?   How to call off? It can only be called off if SGX did not approve the RTO, how? dicalp      ( Date: 10-Jun-2014 11:55) Posted: And who is so stupid to finance this cei deal? anyway at 70 cts ... Still a lot of profit.   if the stock went down to 70 cts, maybe it will be called off. I will short.
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Azzaramich Member	10-Jun-2014 12:53        Azzaramich About Contact  Quote this Post!
x 0   x 0  Alert Admin	This transaction is not yet cast in stone.   There are a number of conditions prcedent for this transaction to happen.   Please read section 3.2 of the announcement. One of them is shareholders approval for the transaction at the EGM. There are also a number of approvals required from SGX.
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Demostation Supreme	10-Jun-2014 12:47        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	That means shareholders will have two options: 1: to insist on a mandatory offer by voting against whitewash...then offer price will be 70 cents, die painful    2: to approve the white wash condition, then CEI will have major control without having to offer a complete takeover or cash offer. Then the price might continue to slide. Am I correct in the propositions? Could shareholders call off the deal as there is totally no current benefit to them in the situation, this RTO?   Or they get the SGX to rescind? nuthing03      ( Date: 10-Jun-2014 12:38) Posted: It is subjected to whitewash resolution that needs to be approved by majority of HK s/h. Demostation      ( Date: 10-Jun-2014 12:19) Posted: RtTO was approved by shareholders already, right?   How to call off? It can only be called off if SGX did not approve the RTO, how?
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nuthing03 Member	10-Jun-2014 12:38        nuthing03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is subjected to whitewash resolution that needs to be approved by majority of HK s/h. Demostation      ( Date: 10-Jun-2014 12:19) Posted: RtTO was approved by shareholders already, right?   How to call off? It can only be called off if SGX did not approve the RTO, how? dicalp      ( Date: 10-Jun-2014 11:55) Posted: And who is so stupid to finance this cei deal? anyway at 70 cts ... Still a lot of profit.   if the stock went down to 70 cts, maybe it will be called off. I will short.
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Demostation Supreme	10-Jun-2014 12:19        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	RtTO was approved by shareholders already, right?   How to call off? It can only be called off if SGX did not approve the RTO, how? dicalp      ( Date: 10-Jun-2014 11:55) Posted: And who is so stupid to finance this cei deal? anyway at 70 cts ... Still a lot of profit.   if the stock went down to 70 cts, maybe it will be called off. I will short.   KapoMonkie      ( Date: 10-Jun-2014 10:54) Posted: I will like to suggest a possible story for this RTO arrangement. Background: Hankore has always been heavy laden with high cost of borrowing and an inability to generate enough cash flow to cover the debt repayment,and therefore constantly resorting to issue more notes (borrowing) to cover the older debts. If Hankore fails, then David, debt holders and other minority hareholders would have all their money down the drain. David thinking for himself will therefore seek a way to cash out his investment before things get worse. RTO: CEI saw a struggling Hankore and plot to take over the company without paying a single cents for its assets. But how can anyone be so stupid? David is not stupid but facing a spiralling debt problem, he has no choice but to concede to CEI arrangement. And riding on the upwards momemtum of the share price, David converted all his warrants to shares at a way below market price of $0.40/share. CEI probably sugested to David that for him to cash out his investment, his portion of shares have to be small enough in proportion for it not to impact the share price too much. This is probably why so much shares will be issued to CEI (owning 79.2%). Conclusion: After Hankore board of directors step down and without any claim on the new CEWHL, they will probably not be liable to report to SGX since they do not hold any position in the company and their share ownership will not be  significant. This is probably when they target to sell off all their shares to the public. Courtesy of Independent Monkey Research
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teeth53 Supreme	10-Jun-2014 12:03        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Now CEI has made an offer for Hankore's. Players should note, mkt traded prices has weaken n slip further...selling strength unless players 1 2 keep it for longer period. teeth53 thot - On sharing trade experience n promoting stk / shr forum in SJ. teeth53      ( Date: 25-May-2014 22:02) Posted: Thk Qs for ur thought and sharing...Prices may not sustainable Demostation      ( Date: 25-May-2014 13:20) Posted: Short term investors might have made some money now, because prior to consolidation, many might have bought around 10.04 to 14.5 cents and went in further to buy around 9.2 or 9.3 cents when the market slid down from nearly 15 cents.. ( not many could have bought at 8 cents to 9 cents as these were very quick ones, so thats my reason saying.), Thus most retailers would have an average price of pre-consolidated purchases of from 9.6 cents to 11 cents, equivalent to Friday' s closing of $1.085 per consolidated share.  Still not much profit for these short termers.   For long termers, I think their break-even price could be higher, maybe $1.50 to $1.80, because if they have been invested since the days of Biotreat, their break-even could be a few dollars because Biotreat was once above $1.   (Consolidated price equivalent to $10)   I think maybe lesser because of subsequent rights they subscribed, and more buying when prices fell.   But many people never average down in stocks.
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dicalp Member	10-Jun-2014 11:55        dicalp About Contact  Quote this Post!
x 0   x 0  Alert Admin	And who is so stupid to finance this cei deal? anyway at 70 cts ... Still a lot of profit.   if the stock went down to 70 cts, maybe it will be called off. I will short.   KapoMonkie      ( Date: 10-Jun-2014 10:54) Posted: I will like to suggest a possible story for this RTO arrangement. Background: Hankore has always been heavy laden with high cost of borrowing and an inability to generate enough cash flow to cover the debt repayment,and therefore constantly resorting to issue more notes (borrowing) to cover the older debts. If Hankore fails, then David, debt holders and other minority hareholders would have all their money down the drain. David thinking for himself will therefore seek a way to cash out his investment before things get worse. RTO: CEI saw a struggling Hankore and plot to take over the company without paying a single cents for its assets. But how can anyone be so stupid? David is not stupid but facing a spiralling debt problem, he has no choice but to concede to CEI arrangement. And riding on the upwards momemtum of the share price, David converted all his warrants to shares at a way below market price of $0.40/share. CEI probably sugested to David that for him to cash out his investment, his portion of shares have to be small enough in proportion for it not to impact the share price too much. This is probably why so much shares will be issued to CEI (owning 79.2%). Conclusion: After Hankore board of directors step down and without any claim on the new CEWHL, they will probably not be liable to report to SGX since they do not hold any position in the company and their share ownership will not be  significant. This is probably when they target to sell off all their shares to the public. Courtesy of Independent Monkey Research
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brchkho1 Master	10-Jun-2014 11:42        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not vested yet. Neckline of H& S has been broken..... Em...em....em.......
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kye_lin Master	10-Jun-2014 11:13        kye_lin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wah.. sounds like a evil plot sia....
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KapoMonkie Member	10-Jun-2014 10:54        KapoMonkie About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	I will like to suggest a possible story for this RTO arrangement. Background: Hankore has always been heavy laden with high cost of borrowing and an inability to generate enough cash flow to cover the debt repayment,and therefore constantly resorting to issue more notes (borrowing) to cover the older debts. If Hankore fails, then David, debt holders and other minority hareholders would have all their money down the drain. David thinking for himself will therefore seek a way to cash out his investment before things get worse. RTO: CEI saw a struggling Hankore and plot to take over the company without paying a single cents for its assets. But how can anyone be so stupid? David is not stupid but facing a spiralling debt problem, he has no choice but to concede to CEI arrangement. And riding on the upwards momemtum of the share price, David converted all his warrants to shares at a way below market price of $0.40/share. CEI probably sugested to David that for him to cash out his investment, his portion of shares have to be small enough in proportion for it not to impact the share price too much. This is probably why so much shares will be issued to CEI (owning 79.2%). Conclusion: After Hankore board of directors step down and without any claim on the new CEWHL, they will probably not be liable to report to SGX since they do not hold any position in the company and their share ownership will not be  significant. This is probably when they target to sell off all their shares to the public. Courtesy of Independent Monkey Research
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Demostation Supreme	10-Jun-2014 10:15        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you sell out a country, it is sedition, but if you did it in unobtrusively   (not too openly manner), you can get away. If you sell out a company, it could be corruption, but if you did it in a business manner, you get rich overnight, lol.. Hahaha, I may be wrong.
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9hly99 Veteran	10-Jun-2014 10:01        9hly99 About Contact  Quote this Post!
x 0   x 0  Alert Admin	read business times report....suggest to invest in another chinese company instead of Hankore...also reduce the share price to fair value of 95 and suggest that at above 100, it is excessive
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Demostation Supreme	10-Jun-2014 09:58        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	We players are suckers.   Directors can print and make millions easily if they wanted to.   Lol.
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Demostation Supreme	10-Jun-2014 09:46        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Right.   Fire sale is internal, and we don' t know what is the undertable.   But of course, players are only seeing the surface and they are worried. So now the price has dropped daily for the past 5 days.   It might go to 70 cents, to align with the RTO " issued price" , that is the fear. So unless the $490 million worth of shares to be issued are clarified on why it was based on $0.70, then confidence could return?. GuavaXF30      ( Date: 10-Jun-2014 08:57) Posted: I agree. It' s all about valuation and that is a complex issue. The previous post mentioned HK valued at 0.97 before RTO. True but you have to also take into account what was the PRICE executed to faciliate the RTO. It was very very much lower. Fire sale. Demostation      ( Date: 10-Jun-2014 08:49) Posted: Excuses by excusers.   Never give up.   Buy on dip, got to check up on how much shares are sold compared to the new shares to be issued.   (490,000 lots).   Once half are thrown into the market, it will be time to buy. I think so.
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Demostation Supreme	10-Jun-2014 09:17        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hankore on fire!!   Need an extinguisher. Lol.
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KrTrader Member	10-Jun-2014 09:15        KrTrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	No 40cts no buy ?
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win_88 Senior	10-Jun-2014 09:12        win_88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	same old story again...sentiment on it getting shitty...down few % daily..when the bottom?
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papayaface Supreme	10-Jun-2014 08:59        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Sell  & short 1st, argue later.... Good luck. papayaface      ( Date: 10-Jun-2014 07:45) Posted: Agreed totally. Today & possibly tomorrow  is going to be a bad day for HK. Past 2 days buy interest  already dry up and going to be many contra sellers today and tomorrow from last weeks greedy punters. Looks  almost certain to close  below  1$, unless the BB decide otherwise.  Good luck.   vicloo      ( Date: 10-Jun-2014 06:37) Posted: CIMB analyst report on 9th june. TARGET PRICE 91c
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GuavaXF30 Elite	10-Jun-2014 08:57        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agree. It' s all about valuation and that is a complex issue. The previous post mentioned HK valued at 0.97 before RTO. True but you have to also take into account what was the PRICE executed to faciliate the RTO. It was very very much lower. Fire sale. Demostation      ( Date: 10-Jun-2014 08:49) Posted: Excuses by excusers.   Never give up.   Buy on dip, got to check up on how much shares are sold compared to the new shares to be issued.   (490,000 lots).   Once half are thrown into the market, it will be time to buy. I think so. superakan      ( Date: 10-Jun-2014 08:24) Posted: Two different house issuing different call. DMG buy tp 1.5 , CIMB sell. Tp.0.91. Hankore worth 0.97 cents before rto. How can hankore be so cheap after RTO ?
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