Chasen
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Chasen holdings could be the next big multiplier
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Just saying, no malice or sarcasm meant
Caesar ( Date: 28-Dec-2023 16:11) Posted:
Yesterday, no one bought the story. Today, every one here believes in the deal. Wah, what a total change in sentiments ... Yesterday, you were down to earth, today you are in sky nine, hahaha
Chansenghoe1971 ( Date: 28-Dec-2023 15:54) Posted:
| If the deal is real, it will be 20 cents. |
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Yesterday, no one bought the story. Today, every one here believes in the deal. Wah, what a total change in sentiments ... Yesterday, you were down to earth, today you are in sky nine, hahaha
Chansenghoe1971 ( Date: 28-Dec-2023 15:54) Posted:
| If the deal is real, it will be 20 cents. |
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Buying-n was done at $0.076.
tofudidi ( Date: 28-Dec-2023 16:09) Posted:
Better start picking before it goes to 100.. dragon year. Fierce and fury
SmallSmall ( Date: 28-Dec-2023 16:01) Posted:
| Buying at $0.074 no takers. Next jump will be $0.07 |
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Better start picking before it goes to 100.. dragon year. Fierce and fury
SmallSmall ( Date: 28-Dec-2023 16:01) Posted:
Buying at $0.074 no takers. Next jump will be $0.076
SmallSmall ( Date: 28-Dec-2023 15:53) Posted:
Yes. Pennies are back for Dragon Year.
BTW Chasen has a buying-in of 500,000 @ 4.00pm @ $0.07 |
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Bought 20k, @0.075
Using cash, not contra. Since I sold Boustead @ 0.850, had the cash to buy DBS (yesterday before it chionged) and some free money.
So will take a small allocation.
Chansenghoe1971 ( Date: 28-Dec-2023 15:54) Posted:
| If the deal is real, it will be 20 cents. |
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So, its price is at 0.075.....why no one buy when this deal will likely be approved?
Buying at $0.074 no takers. Next jump will be $0.076
SmallSmall ( Date: 28-Dec-2023 15:53) Posted:
Yes. Pennies are back for Dragon Year.
BTW Chasen has a buying-in of 500,000 @ 4.00pm @ $0.077
tofudidi ( Date: 28-Dec-2023 15:43) Posted:
| Penny start for the year 2024? Hehehe |
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If the deal is real, it will be 20 cents.
Yes. Pennies are back for Dragon Year.
BTW Chasen has a buying-in of 500,000 @ 4.00pm @ $0.077
tofudidi ( Date: 28-Dec-2023 15:43) Posted:
| Penny start for the year 2024? Hehehe |
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Penny start for the year 2024? Hehehe
Thank you for the article
SmallSmall ( Date: 28-Dec-2023 15:22) Posted:
CHASEN: Eye-catching buyout is Xmas present for shareholders?
Leong Chan Teik
25 December 2023
This is one of the most eye-catching buyouts in a long time among Singapore-listed stocks.
A small-cap company gets an offer to buy 72% of some of its subsidiaries for almost 4X the company' s recent market cap.
 Relocating sophisticating manufacturing equipment is a core business of Chasen.
In what could be a Xmas present for shareholders, Chasen Holdings (market cap: S$18 million) announced after the market closed last Friday that it had accepted an offer of S$67,401,360 from " an international company" .
That values Chasen in its entirety at at least S$94 million (based on 72% of some -- not all -- of Chasen' s subsidiaries), or 5X its recent market cap.
S$&rsquo m
|
FY20
|
FY21
|
FY22
|
FY23
|
Net profit
|
-15.2
|
3.4
|
4.3
|
2.1
|
Dividend
|
0
|
0
|
0
|
0
|
The stock traded in the 4-6 cent range this year while its 5-year high was around 9 cents.
The stock performance sort of reflects Chasen' s track record of dividends and earnings, which has not been scintillating (see table). |
 But where Chasen was strong in was its net asset value -- which stood at 16.8 cents per share as at end-Sept 2023, translating into S$65 million of value.
Its property, plant and equipment on the balance sheet stood at S$95.8 million while an investment property was valued close to S$1 million.
Chasen said the buyout offer it received is on a " cash-free and debt-free basis" .
That means the buyer will not assume any debt on the subsidiaries' balance sheet nor will the buyer get to keep any of the cash.
Chasen said the net amount it expected to receive will be approximately S$59,261,760. (This is presumably after deducting professional fees and what not).
The deal sounds pretty firm at this stage and appears to be a sequel to Chasen' s attempt, some 4 years ago, to spin-off 2 subsidiaries on the Hong Kong stock exchange. (See: CHASEN: Progressing towards spin-off of 2 subsidiaries)
At that time, then Non-Executive Chairman Eric Ng said: &ldquo Right now, if you add up the value of all the subsidiaries, they far exceed the value of the parent company. So, the only thing to do is to let the subsidi aries go to realise the full value of the Group.&rdquo
Of course, Chasen said the recent buyout offer is " still subject to final agreements as well as the necessary approvals and clearances from all required governmental and regulatory bodies and any other third-parties and the shareholders of the Company."
Chasen added the customary (but important) caveat: " The Board wishes to emphasize that there is no certainty or assurance that any transaction will occur."
Chasen did not say, among other things:
&bull .... what the identity of the buyer is.
&bull .... which subsidiaries are covered by the deal.
&bull .... how the buyout valuation was arrived at.
&bull .... what it will do with the cash windfall.
&bull .... what Chasen' s financial structure looks like post-completion. |
Lots of questions are outstanding and until there are answers, presumably when the above-mentioned hurdles are cleared, the market will be sitting on edge and some speculation will drive people' s decisions to buy or sell or hold the stock.
On the use of the cash windfall, investors naturally want to know if special dividends are coming.
It' s relevant to consider that Chasen is pursuing a large investment to grow its logistics business.
In Sept this year, the company held a ground-breaking ceremony for a new facility -- an integrated logistic warehouse cum corporate HQ -- in Singapore, which will cost S$78 million.
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Should be .
Chansenghoe1971 ( Date: 28-Dec-2023 15:26) Posted:
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Hopefully Chasen price can go higher in view of the good news reported. Let' s look forward to the higher prices in the next few days.
Chansenghoe1971 ( Date: 28-Dec-2023 15:26) Posted:
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Downpayment received?
Minimumly go up 100 la
SmallSmall ( Date: 28-Dec-2023 15:22) Posted:
CHASEN: Eye-catching buyout is Xmas present for shareholders?
Leong Chan Teik
25 December 2023
This is one of the most eye-catching buyouts in a long time among Singapore-listed stocks.
A small-cap company gets an offer to buy 72% of some of its subsidiaries for almost 4X the company' s recent market cap.
Relocating sophisticating manufacturing equipment is a core business of Chasen.
In what could be a Xmas present for shareholders, Chasen Holdings (market cap: S$18 million) announced after the market closed last Friday that it had accepted an offer of S$67,401,360 from " an international company" .
That values Chasen in its entirety at at least S$94 million (based on 72% of some -- not all -- of Chasen' s subsidiaries), or 5X its recent market cap.
S$&rsquo m
|
FY20
|
FY21
|
FY22
|
FY23
|
Net profit
|
-15.2
|
3.4
|
4.3
|
2.1
|
Dividend
|
0
|
0
|
0
|
0
|
The stock traded in the 4-6 cent range this year while its 5-year high was around 9 cents.
The stock performance sort of reflects Chasen' s track record of dividends and earnings, which has not been scintillating (see table). |
But where Chasen was strong in was its net asset value -- which stood at 16.8 cents per share as at end-Sept 2023, translating into S$65 million of value.
Its property, plant and equipment on the balance sheet stood at S$95.8 million while an investment property was valued close to S$1 million.
Chasen said the buyout offer it received is on a " cash-free and debt-free basis" .
That means the buyer will not assume any debt on the subsidiaries' balance sheet nor will the buyer get to keep any of the cash.
Chasen said the net amount it expected to receive will be approximately S$59,261,760. (This is presumably after deducting professional fees and what not).
The deal sounds pretty firm at this stage and appears to be a sequel to Chasen' s attempt, some 4 years ago, to spin-off 2 subsidiaries on the Hong Kong stock exchange. (See: CHASEN: Progressing towards spin-off of 2 subsidiaries)
At that time, then Non-Executive Chairman Eric Ng said: &ldquo Right now, if you add up the value of all the subsidiaries, they far exceed the value of the parent company. So, the only thing to do is to let the subsidi aries go to realise the full value of the Group.&rdquo
Of course, Chasen said the recent buyout offer is " still subject to final agreements as well as the necessary approvals and clearances from all required governmental and regulatory bodies and any other third-parties and the shareholders of the Company."
Chasen added the customary (but important) caveat: " The Board wishes to emphasize that there is no certainty or assurance that any transaction will occur."
Chasen did not say, among other things:
&bull .... what the identity of the buyer is.
&bull .... which subsidiaries are covered by the deal.
&bull .... how the buyout valuation was arrived at.
&bull .... what it will do with the cash windfall.
&bull .... what Chasen' s financial structure looks like post-completion. |
Lots of questions are outstanding and until there are answers, presumably when the above-mentioned hurdles are cleared, the market will be sitting on edge and some speculation will drive people' s decisions to buy or sell or hold the stock.
On the use of the cash windfall, investors naturally want to know if special dividends are coming.
It' s relevant to consider that Chasen is pursuing a large investment to grow its logistics business.
In Sept this year, the company held a ground-breaking ceremony for a new facility -- an integrated logistic warehouse cum corporate HQ -- in Singapore, which will cost S$78 million.
|
|
CHASEN: Eye-catching buyout is Xmas present for shareholders?
Leong Chan Teik
25 December 2023
This is one of the most eye-catching buyouts in a long time among Singapore-listed stocks.
A small-cap company gets an offer to buy 72% of some of its subsidiaries for almost 4X the company' s recent market cap.
Relocating sophisticating manufacturing equipment is a core business of Chasen.
In what could be a Xmas present for shareholders, Chasen Holdings (market cap: S$18 million) announced after the market closed last Friday that it had accepted an offer of S$67,401,360 from " an international company" .
That values Chasen in its entirety at at least S$94 million (based on 72% of some -- not all -- of Chasen' s subsidiaries), or 5X its recent market cap.
S$&rsquo m
|
FY20
|
FY21
|
FY22
|
FY23
|
Net profit
|
-15.2
|
3.4
|
4.3
|
2.1
|
Dividend
|
0
|
0
|
0
|
0
|
The stock traded in the 4-6 cent range this year while its 5-year high was around 9 cents.
The stock performance sort of reflects Chasen' s track record of dividends and earnings, which has not been scintillating (see table). |
But where Chasen was strong in was its net asset value -- which stood at 16.8 cents per share as at end-Sept 2023, translating into S$65 million of value.
Its property, plant and equipment on the balance sheet stood at S$95.8 million while an investment property was valued close to S$1 million.
Chasen said the buyout offer it received is on a " cash-free and debt-free basis" .
That means the buyer will not assume any debt on the subsidiaries' balance sheet nor will the buyer get to keep any of the cash.
Chasen said the net amount it expected to receive will be approximately S$59,261,760. (This is presumably after deducting professional fees and what not).
The deal sounds pretty firm at this stage and appears to be a sequel to Chasen' s attempt, some 4 years ago, to spin-off 2 subsidiaries on the Hong Kong stock exchange. (See: CHASEN: Progressing towards spin-off of 2 subsidiaries)
At that time, then Non-Executive Chairman Eric Ng said: &ldquo Right now, if you add up the value of all the subsidiaries, they far exceed the value of the parent company. So, the only thing to do is to let the subsidi aries go to realise the full value of the Group.&rdquo
Of course, Chasen said the recent buyout offer is " still subject to final agreements as well as the necessary approvals and clearances from all required governmental and regulatory bodies and any other third-parties and the shareholders of the Company."
Chasen added the customary (but important) caveat: " The Board wishes to emphasize that there is no certainty or assurance that any transaction will occur."
Chasen did not say, among other things:
&bull .... what the identity of the buyer is.
&bull .... which subsidiaries are covered by the deal.
&bull .... how the buyout valuation was arrived at.
&bull .... what it will do with the cash windfall.
&bull .... what Chasen' s financial structure looks like post-completion. |
Lots of questions are outstanding and until there are answers, presumably when the above-mentioned hurdles are cleared, the market will be sitting on edge and some speculation will drive people' s decisions to buy or sell or hold the stock.
On the use of the cash windfall, investors naturally want to know if special dividends are coming.
It' s relevant to consider that Chasen is pursuing a large investment to grow its logistics business.
In Sept this year, the company held a ground-breaking ceremony for a new facility -- an integrated logistic warehouse cum corporate HQ -- in Singapore, which will cost S$78 million.
Day high liao.....
Who is that? I only know Naruto
Chansenghoe1971 ( Date: 28-Dec-2023 15:07) Posted:
Are you Haruto?
😂
tofudidi ( Date: 28-Dec-2023 14:45) Posted:
| This gem going to 100 soon |
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Are you Haruto?
😂
tofudidi ( Date: 28-Dec-2023 14:45) Posted:
| This gem going to 100 soon |
|
This gem going to 100 soon
