Chasen    Last:0.185    -0.002

Chasen holdings could be the next big multiplier

Sure, bro

Congrats

Merry Xmas

Chansenghoe1971      ( Date: 22-Dec-2023 17:46) Posted: So how? When I can be your guest? msksmsks      ( Date: 15-Dec-2023 22:28) Posted: Big boys, ...be my guest... No free meal

 

CS  disclosed for the first time after the market closed on December 13 that it was negotiating an equity transaction involving some subsidiaries with an international company. The conditions have not yet been negotiated, and there is no guarantee that the transaction will eventually be realized. The day after the news was released, its share price soared 18% to 5.3 cents. On Friday, it fell back to 4.7 cents, slightly higher than the closing price of 4.5 cents on December 13.

 

Correction
They should book in huge gain from disposal perhaps $0.12 to $0.15 per share
So nav likely be $0.28
Tuesday has to gap up more than $0.10 potentially crossing 0.12.
Can t wait
We will see

Chansenghoe1971      ( Date: 22-Dec-2023 17:51) Posted: Tuesday gap to 7. 10 is easy target now. NAV 0.18 Chansenghoe1971      ( Date: 13-Dec-2023 17:57) Posted: Yeap. I have said so. Should hit 0.10 anytime

 

Tuesday gap to 7.
10 is easy target now.
NAV 0.18

Chansenghoe1971      ( Date: 13-Dec-2023 17:57) Posted: Yeap. I have said so. Should hit 0.10 anytime Chansenghoe1971      ( Date: 21-Nov-2023 08:00) Posted: I guess it s about time to look into this.

 

They jump step 3.
But step 3 will come soon.

Chansenghoe1971      ( Date: 14-Dec-2023 15:49) Posted: This will fly. What happened next: 1) boss announced some good deals. They are risk averse type and would not want to engage in any form of insider trading allegation. So it is better be safe than sorry. Announce first. Of course, they have to make sure something concrete than announce. 2) collection now. 3) SgX probably already sent a query chaser email to them for more info 4) company release more info soon. Maybe next week. 5) price should fly further but unlikely touch 10 but maybe 7 plus. Need liquidity in order for the buyer (the ones doing buying now) to liquidate. They need to creat volume.

 

So how? When I can be your guest?

msksmsks      ( Date: 15-Dec-2023 22:28) Posted: Big boys, ...be my guest... No free meals Chansenghoe1971      ( Date: 15-Dec-2023 15:42) Posted: Only big boys rush in. Nobody rush in.

 

wow,chasen to get $59 millions dollars from the sale..no wonder chasen wants to build a 66millions dollars new facility..but still, if don't bui build it will be better for shareholders.imho

 

$59m / $387m
= $0.15 per share

Sure?

 

The Company wishes to refer to the holding announcement dated 13 December 2023.
On 13 December 2023, the Board of Directors (the ?Board?) of the Company announced that the Company was considering a potential transaction from an international company involving some of the subsidiaries of the Company which may or may not lead to the divestment of the abovementioned subsidiaries.
The Board wishes to update that it has accepted an offer of price of SGD 67,401,360 from the international company, on a cash-free and debt-free basis for 72% of the consolidated shareholding structure of some of the subsidiaries of the Company. The net amount expected to be received by the Company will be approximately SGD 59,261,760.The 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.
The Board wishes to emphasize that there is no certainty or assurance that any transaction will occur. If and when, there are any material developments which warrant disclosure, the Company will, in compliance with applicable rules, make further announcements as appropriate.
The Board wishes to advise shareholders to exercise caution when dealing or trading in the shares of the Company. Shareholders should consult their stockbrokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions they should take.
The directors of the Company (including any director who may have delegated detailed supervision of the preparation of this announcement) have taken all reasonable care to ensure that the facts stated and opinions expressed in this announcement are fair and accurate and that there are no other material facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

 

Good news!

 

Avoid this one !

 

Big boys, ...be my guest...

No free meals

Chansenghoe1971      ( Date: 15-Dec-2023 15:42) Posted: Only big boys rush in. Nobody rush in. msksmsks      ( Date: 15-Dec-2023 15:38) Posted: Those rushed in yesterday may kenna stuck again if no concrete developments If those don wanna hold may start.selling down and get out. jus be careful.

 

Only big boys rush in. Nobody rush in.

msksmsks      ( Date: 15-Dec-2023 15:38) Posted: Those rushed in yesterday may kenna stuck again if no concrete developments If those don wanna hold may start.selling down and get out. jus be careful.

 

They worked their sums. Rental cost and monthly instalment not much diff. At the end of it, still an asset.
By selling some non related company will unlock cash and re divert to this repayment. Why not?

eddyeddy      ( Date: 15-Dec-2023 15:22) Posted: Mistake to build the warehouse . Bank interest rate go up , no way to be able to pay 8nterests . Chansenghoe1971      ( Date: 15-Dec-2023 15:08) Posted: Boss stress and managed an array of companies. Looks so haggard and nothing wrong to pay himself well.

 

Those rushed in yesterday may kenna stuck again if no concrete developments

If those don wanna hold may start.selling down and get out.

jus be careful.

 

Any rushed in to buy at around 8 cts . Got stick and try to sell to new suckers .

 

Mistake to build the warehouse . Bank interest rate go up , no way to be able to pay 8nterests .

Chansenghoe1971      ( Date: 15-Dec-2023 15:08) Posted: Boss stress and managed an array of companies. Looks so haggard and nothing wrong to pay himself well. eddyeddy      ( Date: 15-Dec-2023 14:25) Posted: Profits go to feed the directors and the staff, nothing for shareholders

 

Boss stress and managed an array of companies. Looks so haggard and nothing wrong to pay himself well.

eddyeddy      ( Date: 15-Dec-2023 14:25) Posted: Profits go to feed the directors and the staff, nothing for shareholders

 

Profits go to feed the directors and the staff, nothing for shareholders

 

This counter very illiquid. Perhaps needs a change in management strategy to revive from deep slumber.