Back

Latest Forum Topics / No Signboard

Post Reply

Should be ?No Eye See? Post Reply Rate topic
Sgvale Supreme	02-May-2019 10:06        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	No Signbosrd CEO arrested by CAD- latest
Useful To Me  Not Useful To Me
MichaelSchenker Master	02-May-2019 10:04        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kateks dare not come in?
Useful To Me  Not Useful To Me
MichaelSchenker Master	02-May-2019 10:01        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	The counter does not seem to be volatile at the moment. What is everybody waiting for? I am betting he will be eventually let off with a warning, or perhaps a token fine. Nothing is gonna be serious. Your money......your call Good luck to all those on the same side.
Useful To Me  Not Useful To Me
Starship Supreme	02-May-2019 09:47        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not charged yet bcos it' s still under investigation. Passport still impounded and still out on bail.
Useful To Me  Not Useful To Me
guards80 Supreme	02-May-2019 09:39        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No Signboard CEO arrested and on bail in share buyback probe not charged with any offence http://www.businesstimes.com.sg/companies-markets/no-signboard-ceo-arrested-and-on-bail-in-share-buyback-probe-not-charged-with-any
Useful To Me  Not Useful To Me
Starship Supreme	30-Apr-2019 17:24        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin
Useful To Me  Not Useful To Me
MichaelSchenker Master	30-Apr-2019 17:16        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nice closing at 0.085 Getting ready to unload during next trading day. For Long-term, really very hard to tell. Best to cash out if there are profits.
Useful To Me  Not Useful To Me
MichaelSchenker Master	30-Apr-2019 10:07        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Theoretically reaching my TP, however may not be the true picture. Currently at 0.084 Waiting for the volume to come in, otherwise remain a shareholder...lol! MichaelSchenker      ( Date: 29-Apr-2019 20:51) Posted: Base on normal expectations, Kateks will try to short it down (on negative news release) Then again, you have to decide if it is a genuine error on the part of the management. Eventually the verdict will be out. Meantime, we have to decide if NSB is really worth its salt at its current price (closing at 0.077) Another scenario could be some holders are still not aware that trading resumed. Make a good judgement on your gut-feel. I am looking at 10% upside. But of course just a humble opinion  ysh2006      ( Date: 29-Apr-2019 19:08) Posted: Why no eye see can withstand the pressure not going down
Useful To Me  Not Useful To Me
MichaelSchenker Master	29-Apr-2019 20:51        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Base on normal expectations, Kateks will try to short it down (on negative news release) Then again, you have to decide if it is a genuine error on the part of the management. Eventually the verdict will be out. Meantime, we have to decide if NSB is really worth its salt at its current price (closing at 0.077) Another scenario could be some holders are still not aware that trading resumed. Make a good judgement on your gut-feel. I am looking at 10% upside. But of course just a humble opinion  ysh2006      ( Date: 29-Apr-2019 19:08) Posted: Why no eye see can withstand the pressure not going down ? MichaelSchenker      ( Date: 29-Apr-2019 16:31) Posted: Trading resumes today. Looks like there may be some panic selling, no? I bought in at 0.078 for a small wager just for the fun. Buy with money that can afford to lose or short within your means with stop-loss. Good Luck all
Useful To Me  Not Useful To Me
ysh2006 Supreme	29-Apr-2019 19:08        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why no eye see can withstand the pressure not going down ? MichaelSchenker      ( Date: 29-Apr-2019 16:31) Posted: Trading resumes today. Looks like there may be some panic selling, no? I bought in at 0.078 for a small wager just for the fun. Buy with money that can afford to lose or short within your means with stop-loss. Good Luck all
Useful To Me  Not Useful To Me
MichaelSchenker Master	29-Apr-2019 16:31        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Trading resumes today. Looks like there may be some panic selling, no? I bought in at 0.078 for a small wager just for the fun. Buy with money that can afford to lose or short within your means with stop-loss. Good Luck all
Useful To Me  Not Useful To Me
taxiuncle Veteran	29-Apr-2019 11:07        taxiuncle About Contact  Quote this Post!
x 0   x 0  Alert Admin	WTH....so many lobangz...........
Useful To Me  Not Useful To Me
Nainai Member	29-Apr-2019 10:17        Nainai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Use company share buy back to jack up price?
Useful To Me  Not Useful To Me
destinykraze Elite	29-Apr-2019 09:59        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	No eye see still around? I warned about this ipo when it debut because it looked like a cash grab ipo. It is doing as expected.
Useful To Me  Not Useful To Me
Starship Supreme	29-Apr-2019 08:52        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another disgraceful clown stock in SGX exposed and caught..................... CAD investigates No Signboard over share buyback CEO' s passport seized MON, APR 29, 2019 - 8:48 AM SINGAPORE investigators have launched a probe into No Signboard Holdings'   recent share buyback  and obtained statements from the restaurant group' s key executives, the company announced on Monday before the market opened. No Signboard said that it is " fully cooperating" with the Singapore Police Force' s Commercial Affairs Department (CAD) after receiving requests on April 24 to assist investigations into a Jan 31, 2019 purchase by the company of its own shares. Those shares were bought at a price that was above the regulatory limit on share buybacks and purchased during a black-out period. From April 24 to April 26, the company provided CAD with access to and copies of documents in connection with the abortive share buyback, the company said. Chief executive Sam Lim Yong Sim and chief financial officer Voon Sze Yin have also given statements to the CAD to provide information in connection with the matter. Mr Lim&rsquo s passport has been retained by the CAD, which the company described as a requirement during investigations. No person in the company has been arrested or charged for any offense by the authority, and business and operations &ldquo have not been affected and will continue as usual&rdquo , the company said. The investigations will also not affect Mr Lim and Ms Voon in their respective roles and functions as key executive management of the company. No Signboard' s shares will resume trading on Monday after having been halted since April 24. The stock last changed hands at 8.4 Singapore cents before the halt. According to earlier announcements by No Signboard, Mr Lim had on Jan 31, 2019 instructed the company' s broker, UOB Kay Hian, to submit bids on the market to buy the company' s own shares of up to 14 Singapore cents each under a newly obtained share buyback mandate. The bid price was more than 5 per cent above the five-day average closing price of the stock, and therefore exceeded the regulatory limit on share buyback prices. As UOB  Kay Hian bought the shares at the higher-than-allowed prices, No Signboard' s stock surged by almost 24 per cent to 15 Singapore cents on Jan 31, prompting a query from the Singapore Exchange and a trading halt from the company. The share buyback also breached a black-out period because the company' s audit committee and board had yet to approve its results for the three months ended Dec 31, 2018. The company has described Mr Lim' s instructions to the broker as an " honest mistake" . About a week after the erroneous buyback trades, No Signboard also revealed that the board had not sanctioned the buyback trades on Jan 31. As a result, UOB Kay Hian and the company agreed to " mitigate" the error by taking the position into the broker' s error-in-trade account, and any costs in relation to the purchased shares will not be borne by the company. https://www.businesstimes.com.sg/companies-markets/cad-investigates-no-signboard-over-share-buyback-ceos-passport-seized
Useful To Me  Not Useful To Me
taxiuncle Veteran	24-Apr-2019 17:42        taxiuncle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why halt?????Something brewing?
Useful To Me  Not Useful To Me
edwinjup Supreme	07-Feb-2019 07:12        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually there are a lots of ugly sharebuy back for the past few years...a lots keep on buyback at high price from kaki..didnt benefit share investors much....for no signb...ceo placed a big order at 14 c...who wan sell can just sell...still better then those ugly bosses....if this 14c purchase is done under ceo name...thing will be diff..lol..hope sgx look more into the ugly buyback and the new ipo... ysh2006      ( Date: 06-Feb-2019 08:04) Posted: What action can Sgx do ?....maybe just said few words" next time don't do that again°! hfjdhy      ( Date: 05-Feb-2019 23:21) Posted: Just a slap in the wrist for the issuer no Signboard. There is still a lack of strict regulatory compliance and proper and propriate met down of the necessary fines and punishments for the glaring breaches. UOB Kay Hian, whom is the broker for the share buy back for the issuer also have associate member firms who have sponsor and corporate finance related licenses. And earlier, SGX Regco has already issued a guidance notice on share buybacks for listed issuers (especially on privy to sensitive information and black out periods) to follow but was met with scant regard until this unfortunate episode. A good way forward is to penalise all the parties involved, i.e. (1) issuer, (2) Sponor (RHT) and (3) Broker (UOB Kay Hian) to give a strong signal that non compliance is not tolerable, given the fact warning has already been sounded by the regulator.  https://www.businesstimes.com.sg/companies-markets/sgx-warns-firms-against-misconduct-in-share-buybacks https://www.businesstimes.com.sg/companies-markets/sgx-lays-out-what-to-observe-when-conducting-share-buybacks
Useful To Me  Not Useful To Me
ysh2006 Supreme	06-Feb-2019 08:04        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What action can Sgx do ?....maybe just said few words" next time don't do that again°! hfjdhy      ( Date: 05-Feb-2019 23:21) Posted: Just a slap in the wrist for the issuer no Signboard. There is still a lack of strict regulatory compliance and proper and propriate met down of the necessary fines and punishments for the glaring breaches. UOB Kay Hian, whom is the broker for the share buy back for the issuer also have associate member firms who have sponsor and corporate finance related licenses. And earlier, SGX Regco has already issued a guidance notice on share buybacks for listed issuers (especially on privy to sensitive information and black out periods) to follow but was met with scant regard until this unfortunate episode. A good way forward is to penalise all the parties involved, i.e. (1) issuer, (2) Sponor (RHT) and (3) Broker (UOB Kay Hian) to give a strong signal that non compliance is not tolerable, given the fact warning has already been sounded by the regulator.  https://www.businesstimes.com.sg/companies-markets/sgx-warns-firms-against-misconduct-in-share-buybacks https://www.businesstimes.com.sg/companies-markets/sgx-lays-out-what-to-observe-when-conducting-share-buybacks   Starship      ( Date: 04-Feb-2019 17:03) Posted: Let' s see what new tricks the Clown Stock can conjure up................... No Signboard breached two Catalist rules in 24% price jump 04/02/19, 08:04 am SINGAPORE (Feb 4): No Signboard Holdings has admitted to breaching two Catalist board listing rules on Jan 31 following a query from Singapore Exchange (SGX). The seafood restaurant chain operator last Thursday triggered a query from SGX for unusual price movements after its shares jumped 24.0% to 15 cents, with close to 1.4 million shares changing hands by midday on Jan 31. Shortly after, No Signboard called for a trading halt pending an announcement. In a late night announcement on Sunday, Feb 3, No Signboard says the company&rsquo s chairman and CEO, Lim Yong Sim, had instructed its broker, UOB Kay Hian, to queue for the purchase of the company&rsquo s shares at a price of up to 14 cents following the approval of the share buyback mandate by the shareholders at its annual general meeting in the morning of Jan 31. The share purchases at up to 14 cents exceeded the 5% cap above the average closing price of 12.26 cents for the last five days, breaching the share price cap. No Signboard says this was an &ldquo honest mistake&rdquo by Lim as he did not notice that the share purchase price had exceeded the permitted 5% cap. The shares purchase transaction was also undertaken just a day before the company&rsquo s 1Q19 results were announced on Feb 1, which is within the dealing restriction period, or black-out period. The company says this was because it had not its Audit Committee and Board meetings to approve the release of its 1Q results at the time of the shares purchase. RHT Capital, the sponsor of the company, has &ldquo taken note of the breaches&rdquo and directed Lim to attend the necessary directors' trainings to re-familiarise himself with the listing rules and other relevant regulatory requirements. It has also asked the company to develop a comprehensive internal policy and procedure on share buyback. It adds that no share buyback shall be conducted by the company until the policy is approved by the board and properly implemented. In its announcement, No Signboard says SGX Regulation (SGX RegCo) has directed the sponsor to ensure that directors familiarise themselves to ensure compliance with the listing rules. SGX RegCo has also ordered that the sponsor assess and be satisfied that the company has sufficient systems, procedures and controls to comply with the rules. For the 1Q19 ended December, No Signboard sank deeper into the red with losses of $0.6 million, some 37.8% more than losses of $0.4 million recorded a year ago. 1Q19 revenue fell 16.1% to $5.6 million, from $6.7 million a year ago. The decline was mainly due to loss of revenue from the closure of a seafood restaurant outlet for a month to carry out major repair works, a drop of average spending per customer in the restaurant business, as well as the termination of non-performing sales contracts of customers in the entertainment establishments as part of the beer business restructuring exercise. https://www.theedgesingapore.com/no-signboard-breached-two-catalist-rules-24-price-jump
Useful To Me  Not Useful To Me
investshare Supreme	06-Feb-2019 07:48        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Should make the chairman using his own money to pay the company the difference between purchase price and previous price.
Useful To Me  Not Useful To Me
hfjdhy Member	05-Feb-2019 23:21        hfjdhy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just a slap in the wrist for the issuer no Signboard. There is still a lack of strict regulatory compliance and proper and propriate met down of the necessary fines and punishments for the glaring breaches. UOB Kay Hian, whom is the broker for the share buy back for the issuer also have associate member firms who have sponsor and corporate finance related licenses. And earlier, SGX Regco has already issued a guidance notice on share buybacks for listed issuers (especially on privy to sensitive information and black out periods) to follow but was met with scant regard until this unfortunate episode. A good way forward is to penalise all the parties involved, i.e. (1) issuer, (2) Sponor (RHT) and (3) Broker (UOB Kay Hian) to give a strong signal that non compliance is not tolerable, given the fact warning has already been sounded by the regulator.  https://www.businesstimes.com.sg/companies-markets/sgx-warns-firms-against-misconduct-in-share-buybacks https://www.businesstimes.com.sg/companies-markets/sgx-lays-out-what-to-observe-when-conducting-share-buybacks   Starship      ( Date: 04-Feb-2019 17:03) Posted: Let' s see what new tricks the Clown Stock can conjure up................... No Signboard breached two Catalist rules in 24% price jump 04/02/19, 08:04 am SINGAPORE (Feb 4): No Signboard Holdings has admitted to breaching two Catalist board listing rules on Jan 31 following a query from Singapore Exchange (SGX). The seafood restaurant chain operator last Thursday triggered a query from SGX for unusual price movements after its shares jumped 24.0% to 15 cents, with close to 1.4 million shares changing hands by midday on Jan 31. Shortly after, No Signboard called for a trading halt pending an announcement. In a late night announcement on Sunday, Feb 3, No Signboard says the company&rsquo s chairman and CEO, Lim Yong Sim, had instructed its broker, UOB Kay Hian, to queue for the purchase of the company&rsquo s shares at a price of up to 14 cents following the approval of the share buyback mandate by the shareholders at its annual general meeting in the morning of Jan 31. The share purchases at up to 14 cents exceeded the 5% cap above the average closing price of 12.26 cents for the last five days, breaching the share price cap. No Signboard says this was an &ldquo honest mistake&rdquo by Lim as he did not notice that the share purchase price had exceeded the permitted 5% cap. The shares purchase transaction was also undertaken just a day before the company&rsquo s 1Q19 results were announced on Feb 1, which is within the dealing restriction period, or black-out period. The company says this was because it had not its Audit Committee and Board meetings to approve the release of its 1Q results at the time of the shares purchase. RHT Capital, the sponsor of the company, has &ldquo taken note of the breaches&rdquo and directed Lim to attend the necessary directors' trainings to re-familiarise himself with the listing rules and other relevant regulatory requirements. It has also asked the company to develop a comprehensive internal policy and procedure on share buyback. It adds that no share buyback shall be conducted by the company until the policy is approved by the board and properly implemented. In its announcement, No Signboard says SGX Regulation (SGX RegCo) has directed the sponsor to ensure that directors familiarise themselves to ensure compliance with the listing rules. SGX RegCo has also ordered that the sponsor assess and be satisfied that the company has sufficient systems, procedures and controls to comply with the rules. For the 1Q19 ended December, No Signboard sank deeper into the red with losses of $0.6 million, some 37.8% more than losses of $0.4 million recorded a year ago. 1Q19 revenue fell 16.1% to $5.6 million, from $6.7 million a year ago. The decline was mainly due to loss of revenue from the closure of a seafood restaurant outlet for a month to carry out major repair works, a drop of average spending per customer in the restaurant business, as well as the termination of non-performing sales contracts of customers in the entertainment establishments as part of the beer business restructuring exercise. https://www.theedgesingapore.com/no-signboard-breached-two-catalist-rules-24-price-jump
Useful To Me  Not Useful To Me

                                                         First   < Newer   301-320 of 551   Older>   Last