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Nav$1.01 share px 20c Eps 2c cheap to.buy ?? Post Reply Rate topic
laksaman57 Supreme	14-Oct-2019 09:59        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	"....current liabilities exceeding its current assets by S$20.8 million."
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ysh2006 Supreme	13-Oct-2019 20:46        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No body want to help , right issue family members also don' t want than it want public to support meh....SGX never query them ?....earned high salary is it ?
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laksaman57 Supreme	13-Oct-2019 10:59        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Now ppl know why Starship      ( Date: 21-Jun-2019 10:05) Posted: Another Clown Stock spotted.................. Just one of countless Clown Stocks in SGX Circus Maximus in the headline news everyday............  ASL Marine' s Ang family U-turn on intention to fully subscribe to rights issue FRI, JUN 21, 2019 - 9:25 AM OFFSHORE and marine group ASL Marine  reversed a previous statement that its controlling shareholders, the Ang family,  would subscribe for all of their entitlements under a shareholder rights issue. It said there was now  no certainty that any or all of the Ang family members will subscribe in full for their pro-rata entitlement of rights warrants. In a previous January 26 announcement,  Ang Sin Liu, Ang Kok Tian, Ang Ah Nui, Ang Kok Eng, Ang Kok Leong and Ang Swee Kuan had indicated they planned to  subscribe in full to their  pro rata entitlement of rights warrants. As listed on ASL Marine' s website, Mr Ang Kok Tian is  chairman and managing director of the group, Mr Ang Ah Nui is  deputy managing director and Mr Ang Kok Leong is  executive director. ASL Marine' s announcement on Thursday night said that the Ang family owns not less than 51 per cent of the group&rsquo s issued share capital for the time being and they  continue to support the group and have " utmost confidence in the proposed transactions" . The company also noted that  under certain debt obligations of the group, the Ang family and members of  their respective families are required to maintain control in the shareholding of the company or management of the group. ASL Marine also said the right issue will go ahead based on the authority granted by the share issue mandate passed by shareholders at the group' s last annual general meeting on Oct 31, 2018. It had previously said specific approval for the rights issue would be sought from shareholders at an extraordinary general meeting. The company said it received in-principle approval on Thursday from the Singapore Exchange for the listing of the rights issue of about 314.6 million warrants to shareholders, and an issue of 300.6 million warrants to noteholders of its series 006 notes and series 007 notes. The rights warrants issue to shareholders and noteholders are  part of the group' s debt restructuring plan. It will issue one rights warrant for every two shares owned, with each rights warrant having an issue price of S$0.006. ASL Marine shares closed down S$0.006 or 11.11 per cent at S$0.048 on Thursday. For the noteholders, warrants will be issued on the basis of 462,500 noteholder warrants for every S$250,000 denomination of series 006 notes and 578,125 noteholder warrants for every S$250,000 denomination of series 007 notes. Shareholders who are registered to own ASL Marine shares by June 28, 5pm, will be provisionally alloted right warrants for the shareholder exercise. https://www.businesstimes.com.sg/companies-markets/asl-marines-ang-family-u-turn-on-intention-to-fully-subscribe-to-rights-issue
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Sgvale Supreme	13-Oct-2019 06:43        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Subscribed & the ship sunk. TradeWin      ( Date: 11-Jul-2019 17:14) Posted: Have to subscribe another $0.006 for the warrants.
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laksaman57 Supreme	12-Oct-2019 19:49        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.google.com/amp/s/www.businesstimes.com.sg/companies-markets/asl-marines-independent-auditor-flags-going-concern-doubts%3famp "ASL Marine Holdings' independent auditor has raised a "material uncertainty" about the group's ability to continue as a going concern.....Auditor Ernst & Young (EY) highlighted that for the year ended June 30, 2019, the group incurred loss after tax of about S$145.9 million, with its current liabilities exceeding its current assets by S$20.8 million."
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TradeWin Member	11-Jul-2019 17:14        TradeWin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Have to subscribe another $0.006 for the warrants.
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singaporean Member	11-Jul-2019 15:16        singaporean About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today ASL MarineR is selling at $0.001 in SGX. Can forumers please advise whether paying this price entitle buyers to the Warrants, or buyers still have to subscribe another $0.006 for the Warrants?
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james87 Master	10-Jul-2019 15:16        james87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The rights to shares cost 0.06 and now the price is only 0.043... who subscribing? Starship      ( Date: 21-Jun-2019 10:05) Posted: Another Clown Stock spotted.................. Just one of countless Clown Stocks in SGX Circus Maximus in the headline news everyday............  ASL Marine' s Ang family U-turn on intention to fully subscribe to rights issue FRI, JUN 21, 2019 - 9:25 AM OFFSHORE and marine group ASL Marine  reversed a previous statement that its controlling shareholders, the Ang family,  would subscribe for all of their entitlements under a shareholder rights issue. It said there was now  no certainty that any or all of the Ang family members will subscribe in full for their pro-rata entitlement of rights warrants. In a previous January 26 announcement,  Ang Sin Liu, Ang Kok Tian, Ang Ah Nui, Ang Kok Eng, Ang Kok Leong and Ang Swee Kuan had indicated they planned to  subscribe in full to their  pro rata entitlement of rights warrants. As listed on ASL Marine' s website, Mr Ang Kok Tian is  chairman and managing director of the group, Mr Ang Ah Nui is  deputy managing director and Mr Ang Kok Leong is  executive director. ASL Marine' s announcement on Thursday night said that the Ang family owns not less than 51 per cent of the group&rsquo s issued share capital for the time being and they  continue to support the group and have " utmost confidence in the proposed transactions" . The company also noted that  under certain debt obligations of the group, the Ang family and members of  their respective families are required to maintain control in the shareholding of the company or management of the group. ASL Marine also said the right issue will go ahead based on the authority granted by the share issue mandate passed by shareholders at the group' s last annual general meeting on Oct 31, 2018. It had previously said specific approval for the rights issue would be sought from shareholders at an extraordinary general meeting. The company said it received in-principle approval on Thursday from the Singapore Exchange for the listing of the rights issue of about 314.6 million warrants to shareholders, and an issue of 300.6 million warrants to noteholders of its series 006 notes and series 007 notes. The rights warrants issue to shareholders and noteholders are  part of the group' s debt restructuring plan. It will issue one rights warrant for every two shares owned, with each rights warrant having an issue price of S$0.006. ASL Marine shares closed down S$0.006 or 11.11 per cent at S$0.048 on Thursday. For the noteholders, warrants will be issued on the basis of 462,500 noteholder warrants for every S$250,000 denomination of series 006 notes and 578,125 noteholder warrants for every S$250,000 denomination of series 007 notes. Shareholders who are registered to own ASL Marine shares by June 28, 5pm, will be provisionally alloted right warrants for the shareholder exercise. https://www.businesstimes.com.sg/companies-markets/asl-marines-ang-family-u-turn-on-intention-to-fully-subscribe-to-rights-issue
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Starship Supreme	21-Jun-2019 10:05        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another Clown Stock spotted.................. Just one of countless Clown Stocks in SGX Circus Maximus in the headline news everyday............  ASL Marine' s Ang family U-turn on intention to fully subscribe to rights issue FRI, JUN 21, 2019 - 9:25 AM OFFSHORE and marine group ASL Marine  reversed a previous statement that its controlling shareholders, the Ang family,  would subscribe for all of their entitlements under a shareholder rights issue. It said there was now  no certainty that any or all of the Ang family members will subscribe in full for their pro-rata entitlement of rights warrants. In a previous January 26 announcement,  Ang Sin Liu, Ang Kok Tian, Ang Ah Nui, Ang Kok Eng, Ang Kok Leong and Ang Swee Kuan had indicated they planned to  subscribe in full to their  pro rata entitlement of rights warrants. As listed on ASL Marine' s website, Mr Ang Kok Tian is  chairman and managing director of the group, Mr Ang Ah Nui is  deputy managing director and Mr Ang Kok Leong is  executive director. ASL Marine' s announcement on Thursday night said that the Ang family owns not less than 51 per cent of the group&rsquo s issued share capital for the time being and they  continue to support the group and have " utmost confidence in the proposed transactions" . The company also noted that  under certain debt obligations of the group, the Ang family and members of  their respective families are required to maintain control in the shareholding of the company or management of the group. ASL Marine also said the right issue will go ahead based on the authority granted by the share issue mandate passed by shareholders at the group' s last annual general meeting on Oct 31, 2018. It had previously said specific approval for the rights issue would be sought from shareholders at an extraordinary general meeting. The company said it received in-principle approval on Thursday from the Singapore Exchange for the listing of the rights issue of about 314.6 million warrants to shareholders, and an issue of 300.6 million warrants to noteholders of its series 006 notes and series 007 notes. The rights warrants issue to shareholders and noteholders are  part of the group' s debt restructuring plan. It will issue one rights warrant for every two shares owned, with each rights warrant having an issue price of S$0.006. ASL Marine shares closed down S$0.006 or 11.11 per cent at S$0.048 on Thursday. For the noteholders, warrants will be issued on the basis of 462,500 noteholder warrants for every S$250,000 denomination of series 006 notes and 578,125 noteholder warrants for every S$250,000 denomination of series 007 notes. Shareholders who are registered to own ASL Marine shares by June 28, 5pm, will be provisionally alloted right warrants for the shareholder exercise. https://www.businesstimes.com.sg/companies-markets/asl-marines-ang-family-u-turn-on-intention-to-fully-subscribe-to-rights-issue
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ysh2006 Supreme	08-Jan-2019 17:19        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No one interested....Notes holders are rich ...lose money nevermind!! ysh2006      ( Date: 08-Jan-2019 11:49) Posted: Notes holders meeting and give some risk factors if don' t approved close shop is it ?
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ysh2006 Supreme	08-Jan-2019 11:49        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Notes holders meeting and give some risk factors if don' t approved close shop is it ?
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granto Master	11-Sep-2017 08:10        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fire on tanker kills five workers at ASL Marine yard in Batam http://splash247.com/tanker-fire-kills-five-workers-asl-marine-yard-batam/
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Volmax Master	10-Sep-2017 14:37        Volmax About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fire Incident In Batam Yard. 5 dead, 1 injured. http://infopub.sgx.com/FileOpen/Sep_9_2017_Incident%20at%20our%20Indonesia%20Yard.ashx?App=Announcement& FileID=470168
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bernardc Elite	09-Sep-2017 21:13        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	angry so long already....
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ysh2006 Supreme	09-Sep-2017 21:07        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	AsL shipyard a vessel on fire but no explosion but many people die will this affect their business ? Vicks666      ( Date: 30-May-2017 15:23) Posted: NAV per share now 69.98 as of Q3 results - so with shares where they are the P/B is at 0.2x. Mighty cheap !
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Vicks666 Member	30-May-2017 15:23        Vicks666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	NAV per share now 69.98 as of Q3 results - so with shares where they are the P/B is at 0.2x. Mighty cheap !
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james87 Master	30-Aug-2016 11:56        james87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Where to see the rights issuance?
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Breeze Member	29-Aug-2016 22:25        Breeze About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will u be subscribing to the rights?
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edwinjup Supreme	15-Aug-2016 13:07        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bet some liao....fy result out next week...should have div...lol edwinjup      ( Date: 06-Aug-2016 11:21) Posted: Still thinking worth to bet asl at 20c or not...nav $1...eps 9mths 2c...market cap $ 83m(cheaper than lots.of.listed co) outstanding order more than $300m......company only 12% rev coming.from.oil and gas .......mgt buy back at 23c and they hold.more than.67%.....got div .....now.blackout period before fy 2016 result...so.some sell.down as.mgt.cannot.do buy back now.....still thinking....lol
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edwinjup Supreme	06-Aug-2016 11:21        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still thinking worth to bet asl at 20c or not...nav $1...eps 9mths 2c...market cap $ 83m(cheaper than lots.of.listed co) outstanding order more than $300m......company only 12% rev coming.from.oil and gas .......mgt buy back at 23c and they hold.more than.67%.....got div .....now.blackout period before fy 2016 result...so.some sell.down as.mgt.cannot.do buy back now.....still thinking....lol
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