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OKH resume trading
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tankookoo
Master |
06-Apr-2016 08:36
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With haiyi on board, it will keep an eye on the co and so no money business. Not surprised if it take control of the mgt. Good news indeed.
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edriclian94
Veteran |
06-Apr-2016 08:00
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Due to negative sentiments, I expect a plunge before shorts r squeezed n a subsequent buy up by haiyi. | ||||
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doufei
Veteran |
06-Apr-2016 07:58
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Haiyi got a very good deal. OKH has good assets. Haiyi will definitely help the company when it becomes the major shareholder. |
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edwinjup
Supreme |
06-Apr-2016 07:46
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okh got sooi many successful proj where the money go?? why need such a ah long loan. why non of the directors buy shares from open market ?. | ||||
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clickshop1628
Master |
06-Apr-2016 07:33
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Just read the whole announcement in detail. Loan is a short term desperate move to pay bonds due. Share placement will be used to repay loan asap. Ah long Interest incurred expected to be around $700k.
So they are raising $50m, not $60m. Bon trying to save company by roping in Gordon Tang who is seen as a white knight. He hopes investor confidence will be restored. Haiyi will have 3 people on board OKH so they are not going to be a passive investor n should bring some value to the company. Revised NTA is 16ct. MTP is due Sep. DYODD |
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tankookoo
Master |
06-Apr-2016 07:05
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oKH is subjected to MTP, its share price has to be above 20 cents...
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skang2
Senior |
06-Apr-2016 01:46
Yells: "Do or Die, Don't Ask Why.." |
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I will buy & below $0.10, I will add even more. Believe the company will rise! DO NOT CONTRA.. TP $0.15 - $0.18c . Assumption only. DYODD  |
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clickshop1628
Master |
06-Apr-2016 00:57
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Just wanted to add that this deal took away the uncertainty surrounding the preference shares thingy. It also brings in a new sub shareholder. Investor confidence will return. I think it may surprise tomorrow. Lets watch...
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clickshop1628
Master |
06-Apr-2016 00:50
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Finally some sense... Tks for the post
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Polarbear55
Senior |
06-Apr-2016 00:27
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Allow me to paint this scenario....
What if OKH did this fund raising 3 weeks ago before the force sell of the CEO shares i.e. from 50cents to 7cents? And all the current terms being the same (ie. Still the additional 500million shares at 10cents, and $10m loan etc). What will the share price be after the news?...surely fall, of course! But will it fall to12.8cents? My point being the off-loading of CEO share, which is the cause of the current state, does not objectively value OKH. Haiyi can this be seen as an opportunist, loan shark or simply a shrewd investor. If business pipeline is healthy, projects are completing..all that remains for a turn around in investors' confidence and company image is for the CEO to step down (he can remain as a major shareholder, if he wishes) Until that day, retail investors picking up this counter is just playing with fire (So it is with many other stocks, you may say. Hahaha) Back to the pressing matter...my take is a gap down at the open, it will stabilize around 11+cents tmw and move upwards the next few days. Verdict: Hold |
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BBbull
Senior |
05-Apr-2016 23:15
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And who will call off the deal? Huayi? If share below 10c they can collect more to increase stake. And okh will definitely not call it off because they need cash
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clickshop1628
Master |
05-Apr-2016 23:09
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Lets see if price will tank below 10ct. Doesn't make sense if it goes below 10ct as the deal may be called off, then what is the pt? Bbs decide as usual. Long or short doydd | ||||
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zhencheng
Member |
05-Apr-2016 22:57
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Don't forget the capital reduction exercise from US 16 cents to one cent. It's like okh being offered to the new subscriber..take whatever you need. | ||||
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skbeng
Member |
05-Apr-2016 22:56
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NTA goes down. Par value goes down. Additional debts to service existing debts. Sold new share at discount price to last traded price. Even mention by themselves company got problem getting people to bail out the company. This year likely make a loss also. Don' t even know when suddenly the CEO will surrender to interpol. Why would the price goes up? |
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BBbull
Senior |
05-Apr-2016 22:34
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I agree. If the price is above 10cents, then hiayi can sell it's stake for a profit, which retailers won't one. And, this may also be seen that the company has a financial problem which is why they need to raise money. If they were really able to pay off their debts, why raise an additional 40% capital?
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edriclian94
Veteran |
05-Apr-2016 22:25
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Hmm but if Im haiyi, I wouldn' t buy the shares off the start too... Shortists would try to short at the highest price possible, and haiyi would only probably try to buy more shares later on when prices are dumped low (probably lower than 0.10) so that they can acquire an even bigger stake of OKH. Just my juncture, any opinions?
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clickshop1628
Master |
05-Apr-2016 22:20
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So many negative comments, no one looking at the positive angle. New sub shareholder coming in. Shd be able to adx value. This is not a rts issue or placement to retailers. Obviously haiyi will not dump the shares. What's more , this is subject to approval from shareholders n sgx, etc
Lets see tomorrow how first |
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BBbull
Senior |
05-Apr-2016 22:08
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They will push up the price. Only to cover their shorts :)
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samlai
Member |
05-Apr-2016 22:03
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Haha idk man, why do I think there' s a chance someone might push the price up.
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BBbull
Senior |
05-Apr-2016 22:02
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Of all things, why would they borrow money to push up the share price? For the remaining holders to force sell at higher price?
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