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Latest Forum Topics / Renaissance United    Last:0.001 --  Post Reply
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Lucky03
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04-Dec-2013 23:47     
 
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 Alert Admin 		Damage control means they are trying to recover from here ? So, we may have seen the worst ?

Rosesyrup      ( Date: 04-Dec-2013 22:48) Posted:



Hey Brother Bone,

Who are the " they" here? Refering to
  1. IPCO management trying detach themselve  from trio?    OR
  2.   Shareholders trying to cut loss?


Thanks.

dogbone1      ( Date: 04-Dec-2013 22:41) Posted:

They are now doing damage contro
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Rosesyrup
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04-Dec-2013 22:48     
 
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Hey Brother Bone,

Who are the " they" here? Refering to
  1. IPCO management trying detach themselve  from trio?    OR
  2.   Shareholders trying to cut loss?


Thanks.

dogbone1      ( Date: 04-Dec-2013 22:41) Posted:

They are now doing damage control

Rosesyrup      ( Date: 04-Dec-2013 22:08) Posted:



Thanks alot Bro ace.

Huat to you.

 
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dogbone1
Senior
04-Dec-2013 22:41     
 
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 Alert Admin 		They are now doing damage control

Rosesyrup      ( Date: 04-Dec-2013 22:08) Posted:



Thanks alot Bro ace.

Huat to you.

 

ace333      ( Date: 04-Dec-2013 22:03) Posted:

lol......tat time u came to my thread to ask me share right.......ok.........the trick is actually here.............

As the relative figures under Rules 1006 (a) and (b) of the Listing Manual of the SGXST

are more than 5.0% but less than 20.0%, the Disposal constitutes a ?discloseable

transaction? under Rule 1010 of the Listing Manual of the SGX-ST.

 



no nid shareholder approval..........above 20% is called major transaction........nid shareholder approval..........therefore  ans yr question y ipco can immediately cash out.........future upside is the bal 30% stake...........lol 

 



 

 



 



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Rosesyrup
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04-Dec-2013 22:08     
 
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Thanks alot Bro ace.

Huat to you.

 

ace333      ( Date: 04-Dec-2013 22:03) Posted:

lol......tat time u came to my thread to ask me share right.......ok.........the trick is actually here.............

As the relative figures under Rules 1006 (a) and (b) of the Listing Manual of the SGXST

are more than 5.0% but less than 20.0%, the Disposal constitutes a ?discloseable

transaction? under Rule 1010 of the Listing Manual of the SGX-ST.

 



no nid shareholder approval..........above 20% is called major transaction........nid shareholder approval..........therefore  ans yr question y ipco can immediately cash out.........future upside is the bal 30% stake...........lol 

 



 

 



 

Rosesyrup      ( Date: 04-Dec-2013 19:09) Posted:



RATIONALE
As stated in the Annual Report of the Company for its financial year ended 30 April
2013, the investment securities trading activities of the Company and its subsidiaries
(?Group?) are undertaken by SSGL and two other wholly owned subsidiaries of the
Company.
The Disposal is part of the Group?s internal restructuring process to streamline the
Group?s investment securities trading activities.
As SSGL still holds a current portfolio of quoted securities, the disposal of 70% of the
issued and paid up share capital of SSGL allows the Group to immediately monetise its
indirect holdings of such quoted securities whilst allowing the Group to retain a stake to
enjoy any future potential increase in value of such quoted securities.





Can some one help to explain the highlighted part? I don't understand how come IPCO can immediately cash out while still enjoy future upside? Sell already still can get gain in the future. Such a good deal?
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ace333
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04-Dec-2013 22:03     
 
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 Alert Admin 		lol......tat time u came to my thread to ask me share right.......ok.........the trick is actually here.............

As the relative figures under Rules 1006 (a) and (b) of the Listing Manual of the SGXST

are more than 5.0% but less than 20.0%, the Disposal constitutes a ?discloseable

transaction? under Rule 1010 of the Listing Manual of the SGX-ST.

 



no nid shareholder approval..........above 20% is called major transaction........nid shareholder approval..........therefore  ans yr question y ipco can immediately cash out.........future upside is the bal 30% stake...........lol 

 



 

 



 

Rosesyrup      ( Date: 04-Dec-2013 19:09) Posted:



RATIONALE
As stated in the Annual Report of the Company for its financial year ended 30 April
2013, the investment securities trading activities of the Company and its subsidiaries
(?Group?) are undertaken by SSGL and two other wholly owned subsidiaries of the
Company.
The Disposal is part of the Group?s internal restructuring process to streamline the
Group?s investment securities trading activities.
As SSGL still holds a current portfolio of quoted securities, the disposal of 70% of the
issued and paid up share capital of SSGL allows the Group to immediately monetise its
indirect holdings of such quoted securities whilst allowing the Group to retain a stake to
enjoy any future potential increase in value of such quoted securities.





Can some one help to explain the highlighted part? I don't understand how come IPCO can immediately cash out while still enjoy future upside? Sell already still can get gain in the future. Such a good deal?

hmphie      ( Date: 04-Dec-2013 18:53) Posted:

Ipco just sold 70% in Sun Spirit.
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cccx123
Elite
04-Dec-2013 21:52     
 
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 Alert Admin 		Yea I noticed that.. Nelson Fernandez was involved in the Merlin diamonds fiasco too. Haiz..ipco management still playing musical chairs at such trying times.

ace333      ( Date: 04-Dec-2013 21:45) Posted:



TOP TWENTY SHAREHOLDERS AS AT 1 APRIL 2013 S/No. Name No. of Shares Percentage 1 Clear Water Developments Sdn Bhd 268,487,800 9.22% 2 G1 Investments Pte Ltd 252,282,800 8.66% 3 Sun Spirit Group Limited 200,000,000 6.87% 4 Phillip Securities Pte Ltd 131,122,690 4.50% 5 Goh Hin Calm 112,105,000 3.85% 6 United Overseas Bank Nominees Pte Ltd 105,570,500 3.63% 7 Lim Siew Hooi 100,000,000 3.44% 8 Ooi Cheu Kok 100,000,000 3.44% 9 Liongold Corp Ltd 100,000,000 3.44% 10 Nelson Fernandez 100,000,000 3.44%



 

LOL.......SSGL was sold to who?........well well look at no 10 of the top 20 shareholder list.............lol.............FYI the above is innopac top 20shareholders..........so left hand to right hand up hand to down hand inside hand to outside hand.........so MANY same hands..........lol
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ace333
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04-Dec-2013 21:45     
 
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TOP TWENTY SHAREHOLDERS AS AT 1 APRIL 2013 S/No. Name No. of Shares Percentage 1 Clear Water Developments Sdn Bhd 268,487,800 9.22% 2 G1 Investments Pte Ltd 252,282,800 8.66% 3 Sun Spirit Group Limited 200,000,000 6.87% 4 Phillip Securities Pte Ltd 131,122,690 4.50% 5 Goh Hin Calm 112,105,000 3.85% 6 United Overseas Bank Nominees Pte Ltd 105,570,500 3.63% 7 Lim Siew Hooi 100,000,000 3.44% 8 Ooi Cheu Kok 100,000,000 3.44% 9 Liongold Corp Ltd 100,000,000 3.44% 10 Nelson Fernandez 100,000,000 3.44%



 

LOL.......SSGL was sold to who?........well well look at no 10 of the top 20 shareholder list.............lol.............FYI the above is innopac top 20shareholders..........so left hand to right hand up hand to down hand inside hand to outside hand.........so MANY same hands..........lol
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HugoLee
Member
04-Dec-2013 21:37     
 
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The show is just about to begin.  I'm sure more sticky brown stuff will be revealed!

 

Good lesson for all.
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hmphie
Veteran
04-Dec-2013 20:23     
 
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 Alert Admin 		It is pretty obvious in today's price action that the sale will not go down well with shareholders. More selldown to come.
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nqing87
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04-Dec-2013 20:02     
 
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 Alert Admin 		lol when high dont want sell to realise profits.. now then start to consider selling at low.. good job.. ku niang & slow to act

cccx123      ( Date: 04-Dec-2013 19:22) Posted:

Hopeless stock, useless management..totally regret buying.. Long time ago, in Bethlehem, ipco could have sold SSGL at like more than 30 million dollars based on the market value of SSGL's portfolio. Why didn't they monetize it in this way then? Sell 70% and keep 30%? Why sell only now when the prices have crashed?

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cccx123
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04-Dec-2013 19:22     
 
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 Alert Admin 		Hopeless stock, useless management..totally regret buying.. Long time ago, in Bethlehem, ipco could have sold SSGL at like more than 30 million dollars based on the market value of SSGL's portfolio. Why didn't they monetize it in this way then? Sell 70% and keep 30%? Why sell only now when the prices have crashed?
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hmphie
Veteran
04-Dec-2013 19:19     
 
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 Alert Admin 		I think a large chunk of securities were transferred from Ss to Ipco recently. See my post with link on the transfer.

Rosesyrup      ( Date: 04-Dec-2013 19:09) Posted:



RATIONALE
As stated in the Annual Report of the Company for its financial year ended 30 April
2013, the investment securities trading activities of the Company and its subsidiaries
(?Group?) are undertaken by SSGL and two other wholly owned subsidiaries of the
Company.
The Disposal is part of the Group?s internal restructuring process to streamline the
Group?s investment securities trading activities.
As SSGL still holds a current portfolio of quoted securities, the disposal of 70% of the
issued and paid up share capital of SSGL allows the Group to immediately monetise its
indirect holdings of such quoted securities whilst allowing the Group to retain a stake to
enjoy any future potential increase in value of such quoted securities.





Can some one help to explain the highlighted part? I don't understand how come IPCO can immediately cash out while still enjoy future upside? Sell already still can get gain in the future. Such a good deal?

hmphie      ( Date: 04-Dec-2013 18:53) Posted:

Ipco just sold 70% in Sun Spirit.
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Rosesyrup
Master
04-Dec-2013 19:09     
 
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RATIONALE
As stated in the Annual Report of the Company for its financial year ended 30 April
2013, the investment securities trading activities of the Company and its subsidiaries
(?Group?) are undertaken by SSGL and two other wholly owned subsidiaries of the
Company.
The Disposal is part of the Group?s internal restructuring process to streamline the
Group?s investment securities trading activities.
As SSGL still holds a current portfolio of quoted securities, the disposal of 70% of the
issued and paid up share capital of SSGL allows the Group to immediately monetise its
indirect holdings of such quoted securities whilst allowing the Group to retain a stake to
enjoy any future potential increase in value of such quoted securities.





Can some one help to explain the highlighted part? I don't understand how come IPCO can immediately cash out while still enjoy future upside? Sell already still can get gain in the future. Such a good deal?

hmphie      ( Date: 04-Dec-2013 18:53) Posted:

Ipco just sold 70% in Sun Spirit.
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hmphie
Veteran
04-Dec-2013 18:53     
 
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 Alert Admin 		Ipco just sold 70% in Sun Spirit.
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jackson5
Master
04-Dec-2013 18:03     
 
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 Alert Admin 		Edward also run road ?
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shroomfarmer
Member
04-Dec-2013 17:51     
 
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 Alert Admin 		wow.... i went in a few months back at 0.035.. then jumped out when it dropped to 0.027. Bang balls when it jumped to 0.045. Now I am damn happy I did... 
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moneycow
Elite
04-Dec-2013 13:39     
 
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John Soh Chee Wen. link with   al the 3 infamous stocks..............plus IPCO.?

.......... 
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Rosesyrup
Master
04-Dec-2013 13:33     
 
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NVM, Money Bro.

We can hold hand and TKK together.

:)

moneycow      ( Date: 04-Dec-2013 13:31) Posted:

I was wrong :( fall so low ....
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moneycow
Elite
04-Dec-2013 13:31     
 
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 Alert Admin 		I was wrong :( fall so low ....
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Bigmama
Elite
04-Dec-2013 12:01     
 
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 Alert Admin 		Boss ISO? I would love to he him back and with all the excuses he will post. Lol

terencee      ( Date: 04-Dec-2013 10:48) Posted:

Where's boss ISO when you needed him ? 

Bigmama      ( Date: 04-Dec-2013 10:25) Posted:

1.6 now...... I guess ipco management never see this coming
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