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Wind22i Supreme	04-Feb-2019 20:41        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	Use share buy back to push up share price...
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Starship Supreme	04-Feb-2019 17:03        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	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
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edwinjup Supreme	04-Feb-2019 16:17        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Feel he will slowly buyback after the training....lol guards80      ( Date: 03-Feb-2019 20:45) Posted: No Signboard ' inadvertently' conducted share buyback during black out period NO  Signboard Holdings' chief executive Lim Yong Sim inadvertently instructed the company&rsquo s broker to buy back shares of the seafood restaurant operator during a trading restriction period, the company said in response to a Singapore Exchange query. The company said it had held its annual general meeting on the morning of Jan 31 to approve the company&rsquo s share buyback mandate. Mr Lim later instructed the company&rsquo s broker, UOB Kay Hian, to queue to buy the shares at a price of up to S$0.14 each. By 12.12pm on Jan 31, about 1.07 million shares were purchased.&ldquo This was an honest mistake on the part of Mr Lim as he did not notice that the share purchase at prices of up to $0.14 exceeded the 5 per cent cap above the average closing price of the last five days permitted under the share buyback mandate of $0.1226 as at 31 January 2019,&rsquo &rsquo the company explained.  On Jan 31, the stock surged nearly 24 per cent to S$0.15, prompting the SGX query and soon after, a trading halt from the restaurant operator.  As the company had not held its its audit committee and board meetings to approve its results for the three months ended Dec 31, 2018, the shares purchase was carried out during the black-out period, during which dealing in the company&rsquo s securities was restricted.  &ldquo In light of the above, the share purchase has inadvertently resulted in two breaches, that is, dealing in the shares of the company during the black-out period and the purchase of shares at a price which exceeded the share price cap,&rdquo the company said.In the wake of the breaches, No Signboard&rsquo s sponsor, RHT Capital, has directed Mr Lim to attend directors&rsquo trainings to re-familiarise himself with the listing rules and other regulatory requirements. In addition, the company has been directed by the sponsor to develop and immediately implement a comprehensive internal policy and procedure on the share buyback process.  Shares in No Signboard will resume trading on Monday. http://www.businesstimes.com.sg/companies-markets/no-signboard-inadvertently-conducted-share-buyback-during-black-out-period
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bishan22 Supreme	04-Feb-2019 10:06        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Crabby.... No eye see......
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taxiuncle Veteran	04-Feb-2019 09:19        taxiuncle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is so awful!!!!!!
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guards80 Supreme	04-Feb-2019 09:02        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow back to square and down
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kerier Veteran	04-Feb-2019 07:48        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	ridiculous... don' t they have compliance or someone else to vet this process?  Shifu8888      ( Date: 03-Feb-2019 20:59) Posted: The boss probably knows results sucks. He probably needs to help his kakis offload prior to results release. Well....this company lists for the wrong reason. guards80      ( Date: 03-Feb-2019 20:45) Posted: No Signboard ' inadvertently' conducted share buyback during black out period NO  Signboard Holdings' chief executive Lim Yong Sim inadvertently instructed the company&rsquo s broker to buy back shares of the seafood restaurant operator during a trading restriction period, the company said in response to a Singapore Exchange query. The company said it had held its annual general meeting on the morning of Jan 31 to approve the company&rsquo s share buyback mandate. Mr Lim later instructed the company&rsquo s broker, UOB Kay Hian, to queue to buy the shares at a price of up to S$0.14 each. By 12.12pm on Jan 31, about 1.07 million shares were purchased.&ldquo This was an honest mistake on the part of Mr Lim as he did not notice that the share purchase at prices of up to $0.14 exceeded the 5 per cent cap above the average closing price of the last five days permitted under the share buyback mandate of $0.1226 as at 31 January 2019,&rsquo &rsquo the company explained.  On Jan 31, the stock surged nearly 24 per cent to S$0.15, prompting the SGX query and soon after, a trading halt from the restaurant operator.  As the company had not held its its audit committee and board meetings to approve its results for the three months ended Dec 31, 2018, the shares purchase was carried out during the black-out period, during which dealing in the company&rsquo s securities was restricted.  &ldquo In light of the above, the share purchase has inadvertently resulted in two breaches, that is, dealing in the shares of the company during the black-out period and the purchase of shares at a price which exceeded the share price cap,&rdquo the company said.In the wake of the breaches, No Signboard&rsquo s sponsor, RHT Capital, has directed Mr Lim to attend directors&rsquo trainings to re-familiarise himself with the listing rules and other regulatory requirements. In addition, the company has been directed by the sponsor to develop and immediately implement a comprehensive internal policy and procedure on the share buyback process.  Shares in No Signboard will resume trading on Monday. http://www.businesstimes.com.sg/companies-markets/no-signboard-inadvertently-conducted-share-buyback-during-black-out-period
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Shifu8888 Supreme	03-Feb-2019 20:59        Shifu8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The boss probably knows results sucks. He probably needs to help his kakis offload prior to results release. Well....this company lists for the wrong reason. guards80      ( Date: 03-Feb-2019 20:45) Posted: No Signboard ' inadvertently' conducted share buyback during black out period NO  Signboard Holdings' chief executive Lim Yong Sim inadvertently instructed the company&rsquo s broker to buy back shares of the seafood restaurant operator during a trading restriction period, the company said in response to a Singapore Exchange query. The company said it had held its annual general meeting on the morning of Jan 31 to approve the company&rsquo s share buyback mandate. Mr Lim later instructed the company&rsquo s broker, UOB Kay Hian, to queue to buy the shares at a price of up to S$0.14 each. By 12.12pm on Jan 31, about 1.07 million shares were purchased.&ldquo This was an honest mistake on the part of Mr Lim as he did not notice that the share purchase at prices of up to $0.14 exceeded the 5 per cent cap above the average closing price of the last five days permitted under the share buyback mandate of $0.1226 as at 31 January 2019,&rsquo &rsquo the company explained.  On Jan 31, the stock surged nearly 24 per cent to S$0.15, prompting the SGX query and soon after, a trading halt from the restaurant operator.  As the company had not held its its audit committee and board meetings to approve its results for the three months ended Dec 31, 2018, the shares purchase was carried out during the black-out period, during which dealing in the company&rsquo s securities was restricted.  &ldquo In light of the above, the share purchase has inadvertently resulted in two breaches, that is, dealing in the shares of the company during the black-out period and the purchase of shares at a price which exceeded the share price cap,&rdquo the company said.In the wake of the breaches, No Signboard&rsquo s sponsor, RHT Capital, has directed Mr Lim to attend directors&rsquo trainings to re-familiarise himself with the listing rules and other regulatory requirements. In addition, the company has been directed by the sponsor to develop and immediately implement a comprehensive internal policy and procedure on the share buyback process.  Shares in No Signboard will resume trading on Monday. http://www.businesstimes.com.sg/companies-markets/no-signboard-inadvertently-conducted-share-buyback-during-black-out-period
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guards80 Supreme	03-Feb-2019 20:45        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No Signboard ' inadvertently' conducted share buyback during black out period NO  Signboard Holdings' chief executive Lim Yong Sim inadvertently instructed the company&rsquo s broker to buy back shares of the seafood restaurant operator during a trading restriction period, the company said in response to a Singapore Exchange query. The company said it had held its annual general meeting on the morning of Jan 31 to approve the company&rsquo s share buyback mandate. Mr Lim later instructed the company&rsquo s broker, UOB Kay Hian, to queue to buy the shares at a price of up to S$0.14 each. By 12.12pm on Jan 31, about 1.07 million shares were purchased.&ldquo This was an honest mistake on the part of Mr Lim as he did not notice that the share purchase at prices of up to $0.14 exceeded the 5 per cent cap above the average closing price of the last five days permitted under the share buyback mandate of $0.1226 as at 31 January 2019,&rsquo &rsquo the company explained.  On Jan 31, the stock surged nearly 24 per cent to S$0.15, prompting the SGX query and soon after, a trading halt from the restaurant operator.  As the company had not held its its audit committee and board meetings to approve its results for the three months ended Dec 31, 2018, the shares purchase was carried out during the black-out period, during which dealing in the company&rsquo s securities was restricted.  &ldquo In light of the above, the share purchase has inadvertently resulted in two breaches, that is, dealing in the shares of the company during the black-out period and the purchase of shares at a price which exceeded the share price cap,&rdquo the company said.In the wake of the breaches, No Signboard&rsquo s sponsor, RHT Capital, has directed Mr Lim to attend directors&rsquo trainings to re-familiarise himself with the listing rules and other regulatory requirements. In addition, the company has been directed by the sponsor to develop and immediately implement a comprehensive internal policy and procedure on the share buyback process.  Shares in No Signboard will resume trading on Monday. http://www.businesstimes.com.sg/companies-markets/no-signboard-inadvertently-conducted-share-buyback-during-black-out-period
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nqing87 Supreme	03-Feb-2019 13:18        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	lol like this also can.. retailers like us also know that there is black-out period that companies cannot perform share buy-back.. sgx really full of new listing companies that perform circus performance.. entertaining for us to see haha.. ayondo, no signboard, kimly, many more new listings that perform new stunts lol
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Shifu8888 Supreme	03-Feb-2019 12:58        Shifu8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Answer is: sgx will give it benefit of the doubt. Sgx also no eye see.
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ysh2006 Supreme	03-Feb-2019 12:37        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will the director got fine for this error ? will the buy back cancelled the trade ? or to compensate those who sold at 12.5c investors up to the last purchase price ? like Osim like that.... Wind22i      ( Date: 03-Feb-2019 12:06) Posted: No eye see ...
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Wind22i Supreme	03-Feb-2019 12:06        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	No eye see ...
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Shifu8888 Supreme	03-Feb-2019 11:46        Shifu8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	His broker should have also advised him. Suspend this CEO and his broker. Both not fit for the roles. Sigh...... sgx is becoming a circus..... Not vested anyway. Just seeing lots of unjust stuff going around. Shifu8888      ( Date: 03-Feb-2019 11:34) Posted: Quote: ......, the Company?s Executive Chairman and CEO, Mr Lim Yong Sim (?Mr Lim?), instructed the Company?s broker, UOB Kay Hian Pte. Ltd. (?UOBKH?), to queue for the purchase of the Company?s shares at a price of up to $0.14. As at 12:12 p.m. on 31 January 2019, a total of 1,068,700 shares were purchased (?Share Purchase?)...... This was an honest mistake on the part of Mr Lim as he did not notice that the Share Purchase at prices of up to $0.14 exceeded the 5% cap above the average closing price of the last five days (?Share Price Cap?) permitted under the Share Buyback Mandate of $0.1226 as at 31 January 2019.? My comments: this is blatant BS. A more likelier scenario would be his own kakis had been collecting at 0.12s.... with a promise by him that he will help to buy from them at higher price. With this mandate, he legally used company funds to help his own kakis unleash the stock holdings. Sgx needs to investigate who sold and get them to disclose their relationship with this bugger. My views. Any other views from forummers?
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Shifu8888 Supreme	03-Feb-2019 11:34        Shifu8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quote: ......, the Company?s Executive Chairman and CEO, Mr Lim Yong Sim (?Mr Lim?), instructed the Company?s broker, UOB Kay Hian Pte. Ltd. (?UOBKH?), to queue for the purchase of the Company?s shares at a price of up to $0.14. As at 12:12 p.m. on 31 January 2019, a total of 1,068,700 shares were purchased (?Share Purchase?)...... This was an honest mistake on the part of Mr Lim as he did not notice that the Share Purchase at prices of up to $0.14 exceeded the 5% cap above the average closing price of the last five days (?Share Price Cap?) permitted under the Share Buyback Mandate of $0.1226 as at 31 January 2019.? My comments: this is blatant BS. A more likelier scenario would be his own kakis had been collecting at 0.12s.... with a promise by him that he will help to buy from them at higher price. With this mandate, he legally used company funds to help his own kakis unleash the stock holdings. Sgx needs to investigate who sold and get them to disclose their relationship with this bugger. My views. Any other views from forummers?
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Shifu8888 Supreme	01-Feb-2019 14:21        Shifu8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I started this No Eye See thread when I cut loss at 0.20s this bugger tried to bang on Jumbo bandwagon. Lots of retails trapped. It reminds me of Dayen when it listed and shot banged on Hyflux bandwagon then. Well, one dead and the other in ICU.
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huathuat88888 Elite	01-Feb-2019 14:16        huathuat88888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I AVOID this like i AVOID kimly like i also AVOID noble midas and sino grandness. huathuat88888      ( Date: 01-Feb-2019 14:13) Posted: Who carried out the "major" repair works for them ? LOL A $$ - B - $ - C ACCA CAAC LOL Starship      ( Date: 01-Feb-2019 14:05) Posted: Really No Eye See........................... No Signboard Q1 losses deepen to S$573,643 as average customer spend shrinks FRI, FEB 01, 2019 - 12:58 PM CATALIST-LISTED seafood restaurant operator No Signboard Holdings sank deeper in the red with a net loss of S$573,643 for the first quarter ended Dec 31, 2018, from a restated loss of S$416,366 a year ago. This comes as the numbers from a year ago were significantly restated after the company adopted the latest accounting rules. Under the new accounting framework, the group reported a restated net loss of S$416,366 for the fiscal first quarter ended December 2017, a marked difference from the S$1.4 million net profit it had initially reported under the old accounting rules. In the latest quarter, revenue fell 16.1 per cent to S$5.6 million, as a result of loss of revenue from the closure of a seafood restaurant outlet for a month to carry out major repair works, a drop in average spending per customer in the restaurant business, as well as the termination of non-performing sales contracts of customers in the entertainment establishments as part of the beer business restructuring exercise. Loss per share stood at 0.12 Singapore cents for the quarter, compared to 0.09 cents a year ago.
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huathuat88888 Elite	01-Feb-2019 14:13        huathuat88888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who carried out the "major" repair works for them ? LOL A $$ - B - $ - C ACCA CAAC LOL Starship      ( Date: 01-Feb-2019 14:05) Posted: Really No Eye See........................... No Signboard Q1 losses deepen to S$573,643 as average customer spend shrinks FRI, FEB 01, 2019 - 12:58 PM CATALIST-LISTED seafood restaurant operator No Signboard Holdings sank deeper in the red with a net loss of S$573,643 for the first quarter ended Dec 31, 2018, from a restated loss of S$416,366 a year ago. This comes as the numbers from a year ago were significantly restated after the company adopted the latest accounting rules. Under the new accounting framework, the group reported a restated net loss of S$416,366 for the fiscal first quarter ended December 2017, a marked difference from the S$1.4 million net profit it had initially reported under the old accounting rules. In the latest quarter, revenue fell 16.1 per cent to S$5.6 million, as a result of loss of revenue from the closure of a seafood restaurant outlet for a month to carry out major repair works, a drop in 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. Loss per share stood at 0.12 Singapore cents for the quarter, compared to 0.09 cents a year ago.
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Starship Supreme	01-Feb-2019 14:05        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Really No Eye See........................... No Signboard Q1 losses deepen to S$573,643 as average customer spend shrinks FRI, FEB 01, 2019 - 12:58 PM CATALIST-LISTED seafood restaurant operator No Signboard Holdings sank deeper in the red with a net loss of S$573,643 for the first quarter ended Dec 31, 2018, from a restated loss of S$416,366 a year ago. This comes as the numbers from a year ago were significantly restated after the company adopted the latest accounting rules. Under the new accounting framework, the group reported a restated net loss of S$416,366 for the fiscal first quarter ended December 2017, a marked difference from the S$1.4 million net profit it had initially reported under the old accounting rules. In the latest quarter, revenue fell 16.1 per cent to S$5.6 million, as a result of loss of revenue from the closure of a seafood restaurant outlet for a month to carry out major repair works, a drop in 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. Loss per share stood at 0.12 Singapore cents for the quarter, compared to 0.09 cents a year ago.
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nqing87 Supreme	01-Feb-2019 13:39        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think our regulatory control over insider news is weak.. now and then always see counters get pump up or down before positive or negative news.. look at those counters over at US.. the share price doesnt go up or down too much before positive or negative news.. price fluctuations kicks in after news are released.. we have to learn from other exchanges on how to control insider news from leaking out
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