| Latest Forum Topics / Datapulse Tech Last:0.101 -- |
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What news regarding TRADING HALT?
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dragonboy76
Master |
25-Nov-2017 13:12
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July 2016 news: lian beng sold to ng at much higher than mkt value at that time.
CONSTRUCTION group Lian Beng has agreed to sell its recently accumulated substantial stake in media storage products seller Datapulse Technology for about S$7.59 million in cash to Datapulse's executive deputy chairman and chief executive officer Ng Cheow Chye, it said in a Singapore Exchange (SGX) filing on Thursday. The sum it will get for those shares appears to be significantly above their market value based on Datapulse's last closing price, though it is unclear what price Lian Beng bought them for. Lian Beng said that as at Thursday, it held about 22.85 million shares or 10.43 per cent of Datapulse. Datapulse shares closed flat at 21.5 Singapore cents on Thursday before Lian Beng's announcement, which gave it a market value of about S$47.10 million. A 10.43 per cent stake of that market value would work out to about S$4.91 million |
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edwinjup
Supreme |
25-Nov-2017 12:44
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If i am not wrong.....lian beng ever bought this joker at high price and sold back at cost..... | ||||
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dragonboy76
Master |
25-Nov-2017 12:38
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Sadly, It is natural that all human only care about themselves first. If u become boss one day, ur thinking may also change. Coming back to this, there should be something good coming to this company if she wants to take control of the board. Otherwise she won't want to pay at premium $0.55. Nobody will pay huge sum to incur losses
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Newlearner
Veteran |
25-Nov-2017 11:59
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This announcement just proved that management only care for themselves, create VALUES for themselves ONLY!! new SSH want to gain control of company, she only buy out all major sharesholders.. 
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dragonboy76
Master |
25-Nov-2017 11:11
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Announcement came out. See below. May have price fluctuation in the next few weeks. Hope this will lead to share price spike
SALE OF SHARES BY DIRECTOR AND SUBSTANTIAL SHAREHOLDER The board of directors (the ?Board?) of Datapulse Technology Limited (the ?Company?) refers to the notifications in respect of interests in securities received from Mr. Ng Cheow Chye (?Mr. Ng?), a director and substantial shareholder, on 14 November 2017. The Board wishes to announce that Mr. Ng has informed the Company that he had entered into an agreement dated 10 November 2017 (?Agreement?) relating to the disposal of his entire shareholding interest in the Company and completion of the said disposal had taken place on 22 November 2017. In response to questions from the Chairman and Independent Directors posed to Mr. Ng in respect of the said disposal, Mr. Ng has provided further information as follows: (1) The disposal of Mr. Ng?s entire shareholding interest was transacted through intermediaries. Neither Mr. Ng nor his family are related to the buyer, Miss Ng Siew Hong (the ?Buyer?) and he does not know her personally. As such, Mr. Ng does not have any background information of the Buyer in terms of business activities. (2) Mr. Ng understands that the Buyer would like to have board representation and expects that she will be communicating directly with the Board on this matter. (3) On the issue of board control, the Board will have to await the Buyer?s proposal. The Company is currently conducting its business in the ordinary course and will make announcements as appropriate to update shareholders as and when there are any further developments. |
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SgYuan
Supreme |
24-Nov-2017 21:58
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EW 380-w1 495-w2 385-w3?570-w4?-w5?
W3 now is a ext EW. W3 ext EW 385-w1 415-w2 400-w3?450-w4 430-w5 460 abc near w4. By calculation, tgt 460, it can't reach 570. If 460, it will be a truncated w3 and need to close. Let's see how it goes.
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FrancisLim
Elite |
24-Nov-2017 14:57
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Hi SGYuan Your chart is to be followed. Also, the company is worth 41 cents on cash alone. Thanks for your update  
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dragonboy76
Master |
24-Nov-2017 14:44
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price seems to rise again. wait and see what happen perhap someone took over the company and introduce new business direction / venture into new business   |
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johnnywalker
Senior |
24-Nov-2017 14:34
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Sgx didn' t query them so they do not bother to explain or shed some light. | ||||
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dragonboy76
Master |
24-Nov-2017 13:54
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by right, if CEO sold his entire stake in the company, he should be telling all the shareholders what is all  this about.  | ||||
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johnnywalker
Senior |
24-Nov-2017 13:34
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41 cents also not considered a lot. We are still puzzled about the mystery behind the married deals. That will determine the future of this company. | ||||
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FrancisLim
Elite |
24-Nov-2017 13:28
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If you take cash at 90 mio with no debt, and total no of shares at 219 mio, it works out to be 41 cents (cash) per share.  Not counting its other assets.   
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striker09
Senior |
24-Nov-2017 13:22
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The sale of the Tai Seng property for $53.5m is scheduled to be completed by Dec 2017 n once completed will increase the cash position of the co to abt $90 with no debt. | ||||
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SgYuan
Supreme |
24-Nov-2017 12:57
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Sorry. It is touch 0.38. EW break.
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johnnywalker
Senior |
24-Nov-2017 12:21
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You mean must break 0.38 or touch 0.38 considered break? | ||||
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SgYuan
Supreme |
24-Nov-2017 11:36
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Another 1 pip EW break.
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dragonboy76
Master |
24-Nov-2017 10:53
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will keep holding on to it. nobody knows if price are purposely push down for accumulation to cheong later.  if somebody is buying over this company, should have more announcement coming. |
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johnnywalker
Senior |
24-Nov-2017 10:46
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In every stock, there must be volume and volatility. This one has limited volume and it is not looking good to be below 40 cents | ||||
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johnnywalker
Senior |
24-Nov-2017 10:11
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40 cents is hanging on a thread and I have doubts that it can support for Long. Haiz | ||||
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dragonboy76
Master |
24-Nov-2017 09:50
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thinly trade volume, not constitute as many retailers selling. this is easy to manipulate what whatever reason behind it (if any).   
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