CSE Global    Last:1.38    -0.06

CSE Global

Hope it can wake up & rebound soon....

 

Bought at 460

 

Hmm...reluctant to wake up......cont to sleep over the weekend....?

 

Hmm...consider not bad liao...at least climbed 2 bids up......

 

Does it means that it got chance to test 50cts soon....??

 

My added bold below.   Effect in 2019 should be greater?


The pro forma financial effects of the Acquisition, based on the audited consolidated financial statements of the Group (&ldquo CSE Global Limited and its subsidiaries&rdquo ) for the financial year ended 31 December 2018, are set out below.
The pro forma financial effects are only presented for illustration purposes, and are not intended to reflect the actual future financial situation of the Company or the Group after completion of the Acquisition. Transaction costs for the Acquisition are ignored for computation purposes.
Key assumptions:
a. Consideration is US$25.1 million (S$34.8 million)
b. CSE borrows US$25.1 million (S$34.8 million) at 4% interest rate per annum
c. The exchange rate of 1US$ to S$ is 1.3882
d. US tax rate assumed at 25%
e. Book value of Volta as at 31 December 2018 is US$5.8 million (S$8.0 million)
Proforma financials for Volta after taking into account interest and tax expenses:
Profit before tax Interest expenses Tax expense
Addition to CSE&rsquo s profit after tax
S$&rsquo 000 6,853 (1,391) (1,365) ---------
4,097

 

Does the addition of $4.1M relate to fy2018 as an example in their press release and the addition in fy 2019 will be greater.   Or have I miss read the release?

Octavia      ( Date: 09-Sep-2019 19:44) Posted: Volta is a US company that develops, designs, manufactures, and services custom-engineered electrical equipment centres (EEC) that distribute, control, and monitor the flow of electrical energy, and provide protection to motors, transformers, and other electrically powered equipment. In an SGX filing on Monday, CSE Global says the acquisition is in line with the group?s long-term plan to expand through acquisition of companies with specialised technologies complementary to its existing businesses and through geographical coverage. In addition, by combining CSE Global?s engineering, automation and instrumentation and electrical service capabilities with Volta?s capability to design and fabricate large-scale electrical equipment centres, the group says it will have a full-stream offering for the midstream energy and petrochemical industry. CSE Global says the acquisition of Volta will add $4.1 million to FY2019 profit after tax. In FY2018, the group had recorded a profit after tax of $26.6 million. Octavia      ( Date: 06-Sep-2019 21:56) Posted: Acquisition of Volta on 2 Sep19. https://links.sgx.com/1.0.0/corporate-announcements/629UX9G7JLICV8XG/CSE_Ann_-_Acquisition_of_Volta_LLC.pdf

 

Look like fund institution is selling ths one amid of recent run..

 

wake up wake up.....

 

see later got chance to climb up bo....

 

vol quite min....
 

 

Going down again

 

Seems like stagnant

 

see whether recent acquisition can cont its upside effect bo....

 

Volta is a US company that develops, designs, manufactures, and services custom-engineered electrical equipment centres (EEC) that distribute, control, and monitor the flow of electrical energy, and provide protection to motors, transformers, and other electrically powered equipment. In an SGX filing on Monday, CSE Global says the acquisition is in line with the group?s long-term plan to expand through acquisition of companies with specialised technologies complementary to its existing businesses and through geographical coverage. In addition, by combining CSE Global?s engineering, automation and instrumentation and electrical service capabilities with Volta?s capability to design and fabricate large-scale electrical equipment centres, the group says it will have a full-stream offering for the midstream energy and petrochemical industry. CSE Global says the acquisition of Volta will add $4.1 million to FY2019 profit after tax. In FY2018, the group had recorded a profit after tax of $26.6 million.

Octavia      ( Date: 06-Sep-2019 21:56) Posted: Acquisition of Volta on 2 Sep19. https://links.sgx.com/1.0.0/corporate-announcements/629UX9G7JLICV8XG/CSE_Ann_-_Acquisition_of_Volta_LLC.pdf

 

TP also revised higher... highest amongst al houses is 69..... wow....

 

progress quite encouraging... frm 42 to 47 within a wk...

 

see whether can eventually climb back to previous ard 54 bo....

 

Acquisition of Volta on 2 Sep19.
https://links.sgx.com/1.0.0/corporate-announcements/629UX9G7JLICV8XG/CSE_Ann_-_Acquisition_of_Volta_LLC.pdf

 

CSE Global (544): has been showing support at 0.425 and resistance at 0.471. Bullish crossover in Stochastic oscillator and RSI(14) stands at 31.3, according to    s g x . s t o x l i n e . c o m