| Latest Forum Topics / Swee Hong |
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The next big break
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Invest1
Elite |
01-Sep-2017 18:25
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Now you know where the CASH comes from.... It is really a positive movement and good for Swee Hong as a whole..I support this bond issue...
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bernardc
Elite |
01-Sep-2017 16:30
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coneversion with 10% discount is quite normal... who would want to convert if there is no financial benefits.. i view this positively..
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Invest1
Elite |
01-Sep-2017 16:10
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Yes. U r right. But if the shares price is much higher, it's a no brainer decision. | ||||
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rachellee
Senior |
01-Sep-2017 15:57
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P.S. bond conversion pricing is based on present day prices. Nobody will be willing to take up bonds at a conversion rate of 0.03 if the current value is even less than that right.
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rachellee
Senior |
01-Sep-2017 15:17
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There' s nothing to say that the share price won' t increase or rocket in the future. The legislature only says that shareholders' approval is needed if the conversion price is more than 10% off the market price when it' s signed. And once it' s signed at 0.015, the conversion price will stay at that. Basically, you don' t have to be so jittery and panicky over it.
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alfredx
Senior |
01-Sep-2017 15:13
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Ok.. another question can ask u?
So the share price also won't up too much right? As their issue bond is @ 0.015.. If it up till 0.03 it like 50% discount over it..
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rachellee
Senior |
01-Sep-2017 15:01
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Pretty sure it won' t cause a downtrend because - It' s not really eating into the present cashflow - It' s an option, not a certainty that the bonds will be converted to shares - The whole bond arrangement is subject to shareholders' approval - If the bonds are converted into shares, the bondholder will have a vested interest in ensuring that the share price is above 0.015.  
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alfredx
Senior |
01-Sep-2017 14:57
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So that mean after this piece of new what will happen to the share price? Positive or negative? Will it cause downtrend due to the issue of 0.015 bond?
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rachellee
Senior |
01-Sep-2017 14:55
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You mean the price is deliberately being supressed?
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Invest1
Elite |
01-Sep-2017 14:02
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Ask urself this. If I have 7 million. Why should I loan to Swee Hong? This totally explained why the shares is corned recently and limited to go upwards... | ||||
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rachellee
Senior |
01-Sep-2017 10:21
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Swee Hong gets more working capital for future bids/projects. Targa has the option to convert the bonds to shares at 0.015 price. Either way there' ll be a vested interest to keep the share price at above 0.016, otherwise Targa will lose out from the conversion too.  
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Justice888
Supreme |
01-Sep-2017 09:46
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They need to have cash in bank to bid for certain projects . Some gov projects got a listing of criterias and cash in bank can be one of those .
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alfredx
Senior |
01-Sep-2017 08:47
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I also don't really understand the issue of bond.. so is it good or bad?
What will happen after if the bond issue successful?
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rachellee
Senior |
31-Aug-2017 23:52
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Probably for better than worse. The bond issue is for liquid asset to bid for more projects.
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Volmax
Elite |
31-Aug-2017 22:35
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Short term bearish, unless announce awarded with big contract. Can keep some around 15. |
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xiaoyuji
Veteran |
31-Aug-2017 22:13
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Don really unds, so is it good or bad?
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Invest1
Elite |
31-Aug-2017 21:55
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Wow....big news....bond issue to investor...for 7 million.... More projects coming... | ||||
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xiaoyuji
Veteran |
31-Aug-2017 18:29
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End of poor August, let's wish for Huat September!!! | ||||
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Invest1
Elite |
31-Aug-2017 14:29
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Don't end first...
Huat ar....
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bernardc
Elite |
31-Aug-2017 14:16
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show ends..
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