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Latest Forum Topics / Southern Arch    Last:0.002 --  Post Reply
Blumont the dark horse?
bernardc
Elite
24-Aug-2017 15:32     
 
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 Alert Admin 		corrections..they do not make 82 %.
they profit .001/.00018= 5.56 times..ie 556%

bernardc      ( Date: 24-Aug-2017 15:19) Posted:

ultimate sell u at minimum price .. at .1 ct..they profit 82%
u want to buy??

bigsmall      ( Date: 24-Aug-2017 15:19) Posted:

So funny no buyer in sight but sellers plenty
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arkan1111
Veteran
24-Aug-2017 15:27     
 
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 Alert Admin 		So when sell all 200b, it will make another 200b. So good this market. 

bernardc      ( Date: 24-Aug-2017 15:19) Posted:

ultimate sell u at minimum price .. at .1 ct..they profit 82%
u want to buy??

bigsmall      ( Date: 24-Aug-2017 15:19) Posted:

So funny no buyer in sight but sellers plenty
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bernardc
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24-Aug-2017 15:27     
 
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 Alert Admin 		ultimate hoeizon has not spelt out what their plans are??
i can only assumed they want to make money hahahah
from who?? u n me

bernardc      ( Date: 24-Aug-2017 15:19) Posted:

ultimate sell u at minimum price .. at .1 ct..they profit 82%
u want to buy??

bigsmall      ( Date: 24-Aug-2017 15:19) Posted:

So funny no buyer in sight but sellers plenty
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bernardc
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24-Aug-2017 15:19     
 
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 Alert Admin 		ultimate sell u at minimum price .. at .1 ct..they profit 82%
u want to buy??

bigsmall      ( Date: 24-Aug-2017 15:19) Posted:

So funny no buyer in sight but sellers plenty.

miami3787      ( Date: 24-Aug-2017 15:16) Posted:

long selling queue
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bigsmall
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24-Aug-2017 15:19     
 
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 Alert Admin 		So funny no buyer in sight but sellers plenty.

miami3787      ( Date: 24-Aug-2017 15:16) Posted:

long selling queue?

bernardc      ( Date: 24-Aug-2017 15:11) Posted:

deals n more deals..minority shareholders to foot the bills..
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miami3787
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24-Aug-2017 15:16     
 
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 Alert Admin 		long selling queue?

bernardc      ( Date: 24-Aug-2017 15:11) Posted:

deals n more deals..minority shareholders to foot the bills..
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bernardc
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24-Aug-2017 15:11     
 
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 Alert Admin 		deals n more deals..minority shareholders to foot the bills..
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miami3787
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24-Aug-2017 15:09     
 
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 Alert Admin 		all SIFUS
any idea what theya re trying to do with this offer

puzzled...... 

bernardc      ( Date: 24-Aug-2017 15:07) Posted:

minimum trading price is .1 ct
now offer is .018 cts..82% discount from lowest price..
thought that no downside if u buy atn.1 cts minimum price..hahaha..
no down side  also no back side to offer

 

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bernardc
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24-Aug-2017 15:07     
 
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 Alert Admin 		minimum trading price is .1 ct
now offer is .018 cts..82% discount from lowest price..
thought that no downside if u buy atn.1 cts minimum price..hahaha..
no down side  also no back side to offer

 
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Morello
Veteran
24-Aug-2017 15:03     
 
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Yells: "In it for the long haul"
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 Alert Admin

Penny stock saga&rsquo s Blumont receives takeover offer at massive discount

By:  Chan Chao Peh
2-3 minutes


SINGAPORE (Aug 24): An entity called Ultimate Horizon has made a 0.0182 cent per share offer to take over Blumont Group.

The takeover deal values Blumont at $5.8 million, which is more than 80% off its market value of $31.65 million based on its last traded share of 0.1 cent.

Blumont was one of the three counters at the centre of the penny stock saga of October 2013 whose alleged mastermind John Soh Chee Wen is now in remand and awaiting trial.

In an SGX announcement, Blumont said that Ultimate Horizon had earlier today bought over 69.56% of the company for $4 million. This purchase works out to an average price of 0.018172 cent, which is a discount of more than 80% over the counter&rsquo s last traded price of 0.1 cent.

While the offer price is a massive discount off the last traded price, it is actually not too far off the company&rsquo s net asset value. As of June 30, Blumont&rsquo s NAV was 0.02 cent, down from 0.03 cent at Dec 31 2016.

According to Blumont&rsquo s FY2016 annual report, as of March 27, its largest shareholder is Platinum Partners Value Arbitrage Fund LP, which held 48.60% of the company.

The second largest shareholder is the Platinum Partners Credit Opportunities Master Fund LP, which held another 35%.

Ng Kim Huatt, the company&rsquo s sole executive director, holds 100 million shares, or 0.36%.

With Ultimate Horizon having assumed ownership of more than 30% of Blumont, under listing rules of the Singapore Exchange, a compulsory general offer has to be made to the rest of the shareholders.

According to Blumont&rsquo s announcement, Ultimate Horizon is solely-owned by a Malaysian businessman Siaw Lu Howe, whose interests are mainly in the state of Sarawak in areas ranging from hospitality, real estate and mining services. Besides Siaw, Ultimate Horizon has another director, Kek Wei Na.

On Aug 14, Blumont losses for the quarter to June 30 nearly doubled to $5.35 million from $2.8 million a quarter earlier. Revenue in the same period fell 9% to $861,000.
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miami3787
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24-Aug-2017 15:00     
 
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 Alert Admin 		lifted.....
 

arkan1111      ( Date: 24-Aug-2017 14:49) Posted:

lifting, let see the market react

Shifu8888      ( Date: 24-Aug-2017 14:46) Posted:

To add on, they made this offer due to breaching rule 14. Hence this offer is not sincere. And which allows them to cross the threshold so that they can continue to buy again. They see value in this stock. Someone got to counter offer them.


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arkan1111
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24-Aug-2017 14:49     
 
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 Alert Admin 		lifting, let see the market react

Shifu8888      ( Date: 24-Aug-2017 14:46) Posted:

To add on, they made this offer due to breaching rule 14. Hence this offer is not sincere. And which allows them to cross the threshold so that they can continue to buy again. They see value in this stock. Someone got to counter offer them.

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Shifu8888
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24-Aug-2017 14:46     
 
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 Alert Admin 		To add on, they made this offer due to breaching rule 14. Hence this offer is not sincere. And which allows them to cross the threshold so that they can continue to buy again. They see value in this stock. Someone got to counter offer them.
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Shifu8888
Supreme
24-Aug-2017 14:43     
 
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 Alert Admin 		Nav 0.002 per share. Just out from watch list.
The offer price is mad and if IFA is really independent, it should brush off this offer. Total absurd.

I would offer $0.0002 to take all their shares over, more than their offer price.

PS they will stay listed and seems doing a consolidation followed by probably RTO.

I think shareholder should not sell to them.

Not vested.
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Practicalist
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24-Aug-2017 14:38     
 
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 Alert Admin 		It seems like a further 80% loss from current levels. Who are the directors of Ultimate Horizon? Will Blumont be delisted after the takeover by UH? Anyone can advice?
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bishalnb
Master
24-Aug-2017 14:22     
 
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 Alert Admin 		UH holds 69%, it' ll be played like Jasper  laugh
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ifallgoeswell
Senior
24-Aug-2017 13:51     
 
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 Alert Admin 		a further 80% loss from current levels?
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miami3787
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24-Aug-2017 13:41     
 
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 Alert Admin 		:) lol ....

Audermas      ( Date: 24-Aug-2017 13:37) Posted:

the number of 0 behind the decimals is appalling..

miami3787      ( Date: 24-Aug-2017 13:28) Posted:

hm.........

The Offer. Ultimate Horizon Pte. Ltd. (the &ldquo Offeror&rdquo ) wishes to announce that it intends to make a mandatory unconditional cash offer (the &ldquo Offer&rdquo ) for all the issued and paid-up ordinary shares (the &ldquo Shares&rdquo ) in the capital of Blumont Group Ltd. (the &ldquo Company&rdquo ) other than those already owned, controlled or agreed to be acquired by the Offeror.
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Audermas
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24-Aug-2017 13:37     
 
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 Alert Admin 		the number of 0 behind the decimals is appalling..

miami3787      ( Date: 24-Aug-2017 13:28) Posted:

hm.........

The Offer. Ultimate Horizon Pte. Ltd. (the &ldquo Offeror&rdquo ) wishes to announce that it intends to make a mandatory unconditional cash offer (the &ldquo Offer&rdquo ) for all the issued and paid-up ordinary shares (the &ldquo Shares&rdquo ) in the capital of Blumont Group Ltd. (the &ldquo Company&rdquo ) other than those already owned, controlled or agreed to be acquired by the Offeror.


bernardc      ( Date: 24-Aug-2017 10:35) Posted:

found this..
board of directors

i will avoid coys run by them


MR NG KIM HUATT
Executive Director
Mr. Ng Kim Huatt was re-designated as Executive Director of the Group since 19 July 2014, having been its Independent Non-Executive Director since 23 April 2014. He has 40 years of experience in the entire spectrum of the property and building industry as a professional civil engineer. Mr. Ng had a unique career spanning 10 countries in 3 continents after graduating from the University of Canterbury with a Bachelor in Engineering (Civil) in 1977.

MR LIM HUAN KIM
Lead Independent Director 
Mr. Lim Huan Kim was appointed as Independent Non-Executive Director since 15 March 2004. He is the Chairman of the Audit Committee and Remuneration Committee and a member of Nominating Committee and Compensation Committee. He was the Managing Director of a major European multinational corporation in the specialty chemicals business. He also has extensive experience in financial matters as part of his job function as a Managing Director. He graduated with a Bachelor of Science in Chemical Engineering from the California State University Pomona in 1985.   MR TAN GIM KANG ARRAN
Independent Non-Executive Director
Mr. Tan Gim Kang Arran is appointed as Independent Non-Executive Director since 30 May 2014. He is the Chairman of the Nominating Committee and member of Audit Committee and Remuneration Committee and Compensation Committee. He has vast experience in the general civil and structural engineering, project management, construction management and traffic engineering and carpark management industry. Mr. Tan holds a Bachelor of Engineering (Civil) from the University of Canterbury in 1986. MR. ARIS MUHAMMAD RIZAL
Independent Non-Executive Director
Mr. Aris Muhammad Rizal is appointed as Independent Non-Executive Director, member of Audit Committee, Nominating Committee, Remuneration Committee and Compensation Committee since 10 October 2014. He holds a Bachelor of Engineering (Geological) from the University of Padjadjaran, Indonesia and is currently the Operational Manager at PT. Denichi Amina Selaras which is an Indonesian private company holding iron ore mining interests in Aie Dingin, West Sumatra, Indonesia which undertakes a wide array of activities including exploration. MR. ALAN CHIN YU
Non-Independent Non-Executive Director
Mr. Alan Chin Yu is appointed as Non-Independent Non-Executive Director since 8 June 2016. He is appointed as member of Nominating Committee, Remuneration Committee and Compensation Committee on 21 September 2016. Mr. Yu has been in public practice as a tax agent and management consultant from 1993 in Malaysia and from 2003 in Australia, firstly as Alan Yu & Co, Chartered Accountants and subsequently in 2013 as Maven Equity Pty Ltd, Chartered Accountants. He graduated in 1981 with a Bachelor of Commerce Degree in Accounting and Economics from the University of Western Australia and qualified as a Chartered Accountant in 1984. He is the executive director and shareholder of Maven Equity Pty Ltd, Chartered Accountants.
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miami3787
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24-Aug-2017 13:28     
 
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hm.........

The Offer. Ultimate Horizon Pte. Ltd. (the &ldquo Offeror&rdquo ) wishes to announce that it intends to make a mandatory unconditional cash offer (the &ldquo Offer&rdquo ) for all the issued and paid-up ordinary shares (the &ldquo Shares&rdquo ) in the capital of Blumont Group Ltd. (the &ldquo Company&rdquo ) other than those already owned, controlled or agreed to be acquired by the Offeror.


bernardc      ( Date: 24-Aug-2017 10:35) Posted:

found this..
board of directors

i will avoid coys run by them


MR NG KIM HUATT
Executive Director
Mr. Ng Kim Huatt was re-designated as Executive Director of the Group since 19 July 2014, having been its Independent Non-Executive Director since 23 April 2014. He has 40 years of experience in the entire spectrum of the property and building industry as a professional civil engineer. Mr. Ng had a unique career spanning 10 countries in 3 continents after graduating from the University of Canterbury with a Bachelor in Engineering (Civil) in 1977.

MR LIM HUAN KIM
Lead Independent Director 
Mr. Lim Huan Kim was appointed as Independent Non-Executive Director since 15 March 2004. He is the Chairman of the Audit Committee and Remuneration Committee and a member of Nominating Committee and Compensation Committee. He was the Managing Director of a major European multinational corporation in the specialty chemicals business. He also has extensive experience in financial matters as part of his job function as a Managing Director. He graduated with a Bachelor of Science in Chemical Engineering from the California State University Pomona in 1985.   MR TAN GIM KANG ARRAN
Independent Non-Executive Director
Mr. Tan Gim Kang Arran is appointed as Independent Non-Executive Director since 30 May 2014. He is the Chairman of the Nominating Committee and member of Audit Committee and Remuneration Committee and Compensation Committee. He has vast experience in the general civil and structural engineering, project management, construction management and traffic engineering and carpark management industry. Mr. Tan holds a Bachelor of Engineering (Civil) from the University of Canterbury in 1986. MR. ARIS MUHAMMAD RIZAL
Independent Non-Executive Director
Mr. Aris Muhammad Rizal is appointed as Independent Non-Executive Director, member of Audit Committee, Nominating Committee, Remuneration Committee and Compensation Committee since 10 October 2014. He holds a Bachelor of Engineering (Geological) from the University of Padjadjaran, Indonesia and is currently the Operational Manager at PT. Denichi Amina Selaras which is an Indonesian private company holding iron ore mining interests in Aie Dingin, West Sumatra, Indonesia which undertakes a wide array of activities including exploration. MR. ALAN CHIN YU
Non-Independent Non-Executive Director
Mr. Alan Chin Yu is appointed as Non-Independent Non-Executive Director since 8 June 2016. He is appointed as member of Nominating Committee, Remuneration Committee and Compensation Committee on 21 September 2016. Mr. Yu has been in public practice as a tax agent and management consultant from 1993 in Malaysia and from 2003 in Australia, firstly as Alan Yu & Co, Chartered Accountants and subsequently in 2013 as Maven Equity Pty Ltd, Chartered Accountants. He graduated in 1981 with a Bachelor of Commerce Degree in Accounting and Economics from the University of Western Australia and qualified as a Chartered Accountant in 1984. He is the executive director and shareholder of Maven Equity Pty Ltd, Chartered Accountants.
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