| Latest Forum Topics / OceanScape Intl Last:0.007 -- |
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IPO shares. E Commerce
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mikethong88
Elite |
02-Sep-2020 09:46
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give the substantial share holders big slap to their faces. we are not going to sell the ecommerce boz for $0.18. it worth much much more
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Kai189
Veteran |
02-Sep-2020 09:45
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same pattern like yestersday 100 shares done at 0.235 then cannot move already
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mikethong88
Elite |
02-Sep-2020 09:42
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i think will break $0.235
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easywin
Supreme |
02-Sep-2020 09:41
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Once break 235 than 260 for sure  | ||||
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Kai189
Veteran |
02-Sep-2020 09:41
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yes  it needs too close above 0.235 today to signal bullish signal   |
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mikethong88
Elite |
02-Sep-2020 09:38
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going to break the 52 week of $0.235 soon.
i think Synagie is the only ecommerce biz that is profitability.
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Kai189
Veteran |
02-Sep-2020 09:31
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not moving... sad jiayou synagie while US stocks ecommerce stocks chiong till buay lin chu... sg stocks buay deng chu
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mikethong88
Elite |
02-Sep-2020 07:43
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i am as a small small retail shareholder of Synagie will not go down without a fight. I will vote "NO" in the upcoming proposed disposal of its ecommerce business. Hopefully its share price can breakout above $0.27 (ipo 2018 of $0.27) to prove that Synagie which is currently profitable is worth more than $0.18 for the disposal of its ecommerce business. It should worth at least $0.45 | ||||
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mikethong88
Elite |
01-Sep-2020 17:15
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going to break the 52 week high of $0.235 soon | ||||
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mikethong88
Elite |
01-Sep-2020 15:41
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yes good analysis.
let us all vote "NO" to the proposed selling of their ecommerce biz.
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FrancisLim
Elite |
01-Sep-2020 15:27
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DYODD. Based on UOB KH Aug 2018 report, at $38 million revenue, it works up to 45 cents. So if we take 2nd half to be no revenue, unlikely, then whole year revenue at $38 million - valuation is 45 cents. Also, IPO price is the baseline - 27 cents.  UOB KH 2018 computation is 45 cents - say revenue stay at $38 million. The insur tech is currently a liability. |
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mikethong88
Elite |
01-Sep-2020 15:21
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yes synagie is indeed a gem
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FrancisLim
Elite |
01-Sep-2020 15:14
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The discount is no growth in 1st half revenue which is unlikely.  Covid has not gone away but at least the fataility rate has gone down. Once you onboarded the customers, you have recurring income and maintenance etc.  The 2nd half may not grow as much as first half, but this company also has regional operations. Also, its February 2020 paid publication, painted a very rosy picture for the co and for e-commerce in general. If you look at SingPost, Alibaba bought further shares into SingPost as a premium to its market price. In term of discount, we can adjust here and there.  Could even adjust up as the company has become profitable, generates positive cash flow, debt free...etc. If you look at Medtecs, UG Healthcare, for Medtecs it was trading at 5 cents around Feb 2020.    It gone up to $1.80. What is its fair value, we do not know.  UG Healthcare too, probably at 20 over cents and gone to $2.90 and right issue recently at $2.60.    Between the 2 cos and Sygnagie, I prefer Synagie - it has very good client base.  
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2020st
Member |
01-Sep-2020 15:03
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Hi Francis,, thanks for advice and calculation.. the SS claims the business is not going to be profitable over a longer term and profit is seen to be one-off due to covid-19.. got factor the discount? Hmm...
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FrancisLim
Elite |
01-Sep-2020 14:57
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if you take the whole year revenue to be 38 X2 = 76 it works out to be 25 cents sale per share (share 305 mio) if you take IPO valuation (where co is loss making, negative cash flow, and sale $12 mio),  the basis is 5.75 of sale is $1.44 5.75 basis is given the valuation of similar company.
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mikethong88
Elite |
01-Sep-2020 14:45
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say and vore "NO" for selling the ecommerce biz. unless $0.45c then talk | ||||
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2020st
Member |
01-Sep-2020 14:42
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I check on simply wall st hor, its say the fair value price is $0.94!!! Hahahha Do register and login and see https://simplywall.st/welcome I think this Syangie is another " Medtec" company if the management dont sell and continue to grow the business.. Out of curoisty, if we all get 0.18 cents dividend.. what is the exdiv price? .. If the ex-div price is 0.09 then ok lo.. we still got gain > than $0.27 IPO price since the management  .. Hmm.. a bit upset... such good companies, public cannot participate.. sell away .. recently still open an office in Phillippines to grow biz le..
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Kai189
Veteran |
01-Sep-2020 13:25
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today no more run le. looks like they are winning to keep the shareprice low
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humbleman
Senior |
01-Sep-2020 13:18
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will be outgun. u cant beat them
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FrancisLim
Elite |
01-Sep-2020 13:02
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The buyers include the current substantial shareholders of the company.  As they are interested party, they cannot vote on the sale. They probably try to keep the price low to entice the sale.  If market price is highter, their offer is not attractive.
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