| Latest Forum Topics / Avarga |
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business turnaround ?
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pkli899
Supreme |
24-Aug-2020 09:55
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Big volume and gap up to 0.187 briefly. Expecting something? |
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pkli899
Supreme |
26-Jun-2020 11:11
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Yesterday announced adoption of dividend policy of 40% of net profit. Best is on quarterly basis. This is good news. Why no reaction? |
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Kai189
Veteran |
27-Apr-2020 17:39
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today sold up to 0.137 could be something' s brewing...  
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pkli899
Supreme |
27-Apr-2020 10:29
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This stock prospect like nothing. Just a very ordinary penny counter. There was some excitement when they gave out a big dividend of 4.5c couple of years back. It was then that price went up to 24 - 25c. Thereafter, downhill all the way. Now that elder Tong retired, we shall see what' s the son' s capability going forward.
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Kai189
Veteran |
26-Apr-2020 22:54
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any holders in this? sudden sell down on friday
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desmodeus
Veteran |
03-Jul-2019 00:34
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upppppppppppppp. collect dividends | ||||
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Spartacus
Member |
10-Apr-2019 21:26
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Went in at 0.205. Any target price after May? | ||||
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pkli899
Supreme |
04-Mar-2019 23:36
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Not attracting much attention despite total dividend of 4.5 cents. ( May pay out)
1.5 cents of which is interim dividend from proceed of disposal.
That's mean next round (usually August pay out) more dividend coming?
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Spartacus
Member |
25-Feb-2019 10:13
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Hi! Anyone here following Avarga? Any insights? https://www.businesstimes.com.sg/companies-markets/avarga-swings-into-q4-loss-on-bigger-forex-loss-absence-of-one-off-gain |
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n3wbie
Elite |
08-May-2018 00:21
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Is anyone following this counter? Has namechanged to Avarga. One of its key businesses, Taiga (acquired last year) reported a strong set of financial numbers over the weekend although 1Q was cited as seasonally the weaker quarters while they expect 2Q and 3Q to ramp-up. Their profitability levels have a close correlation to lumber prices (as reported in the announcement) and currently, the commodity is trading at 10-year high had increased almost 30% year-to-date.  With the counter entering into seasonally stronger 2Q & 3Q (summer/autumn season in Canada/N. America), believe it should continue to reap in higher profitability than 1Q.  The former businesses, pulp business in Malaysia continues to show steady growth while Myanmar' s power plant gives good recurring income. Current price yields about 4% with 1c fixed dividend till FY2017 0.5c to be ex-d on 9 May. Insiders were buying since late last year and earlier this year at prices ranging 25.5 - 27c. Another value-play and a gem that is probably worth a look.  |
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WSJ.Shares
Veteran |
26-Feb-2018 18:39
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I do not have warrant sia, i was wondering anyone gonna unload this before the Ex-date for dividend
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Macqueen
Master |
26-Feb-2018 18:31
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yes i am holding, u know how to convert the warrant to mother share.
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WSJ.Shares
Veteran |
26-Feb-2018 18:30
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anyone still holding? | ||||
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WSJ.Shares
Veteran |
11-Nov-2017 08:52
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Profit attributable to owners of the Company increased from S$7.1 million for 9M2016 to S$18.6 million for 9M2017, representing an increase of 162%. The increase was mainly due to Taiga' s net profit of S$18.0 million which was consolidated into the Group' s net profit of S$24.1 million in the current period. BUY, BUY, BUY!!!
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ysh2006
Supreme |
11-Nov-2017 08:15
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Result good again but no dividend leh...
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Msport
Elite |
03-Oct-2017 08:48
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INCREASE IN SHAREHOLDING IN SUBSIDIARY The board of directors (the &ldquo Board&rdquo or the &ldquo Directors&rdquo ) of UPP Holdings Limited (the &ldquo Company&rdquo ) wishes to announce that Taiga Building Products Ltd. (&ldquo Taiga&rdquo ), an indirect subsidiary of the Company, has on 2 October 2017 announced its intention to restructure Taiga&rsquo s outstanding 14% subordinated unsecured notes in the capital of Taiga due in 2020 (the &ldquo Existing Taiga Notes&rdquo ). A copy of Taiga&rsquo s announcement dated 2 October 2017 is attached hereto. Pursuant to Taiga&rsquo s announcement, Taiga shall purchase any and all of the Existing Taiga Notes in exchange for: (a) an equivalent principal amount of new 7% senior notes of Taiga due 5 years from the date of issuance (the &ldquo Note Option&rdquo ) (b) common shares in the capital of Taiga (&ldquo Taiga Shares&rdquo ) at a rate of 833.33 Common Shares (the &ldquo Share Exchange Price&rdquo ) for each $1,000 principal amount of Existing Notes, rounded to the nearest Taiga Share (the &ldquo Share Option&rdquo ) or (c) any combination of the Note Option and the Share Option as determined by the holders of the Existing Taiga Notes, (the &ldquo Taiga Notes Restructuring&rdquo ). As at the date hereof, the Company, through its wholly-owned subsidiary UPP Investments Canada Limited, holds Canadian Dollars (&ldquo C$&rdquo ) 46,008,796.98 principal amount of Existing Taiga Notes representing approximately 35.71% of the Existing Taiga Notes. After due deliberation, the Board has decided that the Company shall exchange its C$46,008,796.98 principal amount of Existing Taiga Notes for up to 38,340,664 Taiga Shares pursuant to the Share Option (the &ldquo Proposed Exchange&rdquo ). This will enable the Company to maintain, to the greatest extent possible, the level of its shareholdings in Taiga, and represents an increased commitment by the Company to Taiga through which the Company carries out the business of the wholesale distribution of building materials, being one of the core businesses of the Company. The Company has indicated to Taiga its intention to elect the Share Option. The Directors are of the view that the Taiga Notes Restructuring will enable Taiga to have a healthier balance sheet position arising from a reduction in debt, and that the lower financing costs will contribute positively to Taiga&rsquo s future earnings. From the Company&rsquo s standpoint, the aggregate consideration payable by the Company for the Proposed Exchange is deemed to be equivalent to the consideration which the Company paid for its C$46,008,796.98 principal amount of Existing Taiga Notes, being C$52,910,116.53 (equivalent to approximately S$57,656,153.98 based on an exchange rate of C$1 to S$1.0897 as at the date immediately preceding this Announcement). Such consideration shall be satisfied by the exchange of the Company&rsquo s C$46,008,796.98 principal amount of Existing Taiga Notes for up to 38,340,664 Taiga Shares at the Share Exchange Price. Upon completion of the Proposed Exchange, the Company will increase its holding of Taiga Shares from 18,908,208 to up to 57,248,872. The percentage level represented by the increased number of Taiga Shares can only be ascertained upon the completion of the Taiga Notes Restructuring. 2 As at the date of this Announcement, the market value of C$100 principal amount of Existing Taiga Notes as determined by the closing market price of C$100 principal amount of Existing Taiga Notes traded on the Toronto Stock Exchange on 2 October 2017 was C$101.50. Based on the latest unaudited consolidated financial statements of the Company for the half year ended 30 June 2017, the book value represented by the Company&rsquo s Existing Taiga Notes is C$52,910,116.53. The book value, net tangible asset value and the open market value of the Taiga Shares to be acquired by the Company pursuant to the Taiga Notes Restructuring can only be ascertained upon the completion of the Taiga Notes Restructuring. The Proposed Exchange is not expected to have any material impact on the consolidated net tangible assets per share and consolidated earnings per share of the Company for the current financial year ending 31 December 2017. Mr Tong Kooi Ong, the executive chairman of the Company, is the beneficial owner of C$22,153,990 principal amount of Existing Taiga Notes representing approximately 17.20% of the Existing Taiga Notes. He is also the chairman and a director of Taiga. His son, Mr Ian Tong, is a director of each of the Company and Taiga as well. Save as disclosed above, none of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the Proposed Exchange, other than through their shareholding interests, if any, in the Company. BY ORDER OF THE BOARD Khoo Hsien Ming, Kevin Executive Director 3 October 2017 | ||||
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WSJ.Shares
Veteran |
19-Jul-2017 17:01
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Yeap, u are right.... I sold Rowsley early morning 0.113... Now go 0.135 plus..... Miss more $$.... Sigh
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Demostation
Supreme |
19-Jul-2017 15:52
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Deforestration, any problem? | ||||
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Msport
Elite |
19-Jul-2017 15:34
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PL other baby... miss rowsley? buy this! | ||||
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WSJ.Shares
Veteran |
19-Jul-2017 09:44
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BUY BUY BUY!!! | ||||
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