Chasen    Last:0.185    -0.002

Chasen holdings could be the next big multiplier

Someone collected about 4K lots at about this price range. Let s see if there will be some action in coming weeks.

 

They tried to spin off some business but hit roadblock due to some info I can t share here. If there is a chance to monetize, they have to do it as there will be a proper re alignment of their business model to focus on their core competency.
Their strength is logistics and now global mobility is rampant and it?s high time they fly.

 

This is an illiquid counter and culd be stuck for years 
if no material developments.

I also heard rumours abt it but so far, nothing concrete .

Juz be v.very carreful 

 

I am speculating they are selling the engineering business unit. Good to monetize it to make the company less cluttered.

SmallSmall      ( Date: 14-Dec-2023 09:03) Posted: Realising value. Talk to sell subsidaries. Chiong !   Johnsnow      ( Date: 14-Dec-2023 07:51) Posted: Good stoc

 

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.

 

NAV $0.168
Cash value $0.047
Hope they can dispose their subsidiaries at a good price. Don' t think will be a firesale as the company is profitable
Now trading at cash value @ $0.047

msksmsks      ( Date: 14-Dec-2023 09:11) Posted: people can't wait to unload for stuckist talk doesn't mean wl materialise anything jus be careful

 

people can't wait to unload for stuckist

talk doesn't mean wl materialise anything

jus be careful

 

Realising value. Talk to sell subsidaries. Chiong !
 

Johnsnow      ( Date: 14-Dec-2023 07:51) Posted: Good stock Chansenghoe1971      ( Date: 13-Dec-2023 17:57) Posted: Yeap. I have said so. Should hit 0.10 anytime

 

Good stock

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.

 

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.

 

The Board of Directors (the " Board" of the Company wishes to inform its shareholders (" Shareholders" ) that the Company has been approached by an international company in relation to a potential transaction involving the Company' s interest in some of its subsidiaries which may or may not lead to the divestment of these subsidiaries.

The discussions are on-going, and no definitive terms have been agreed upon between the parties.

Save for a non-binding offer, the Company has not entered into any binding arrangement in connection with the discussion. The Board wishes to emphasize that there is no certainty or assurance whatsoever 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 Company wishes to advise Shareholders to refrain from taking any action in respect of their shares in the Company (" Shares" ) which may be prejudicial to their interests, and 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.

BY ORDER OF THE BOARD

Low Weng Fatt

Managing Director and Chief Executive Officer

13 December 2023

 

I guess it s about time to look into this.

 

Is there really a need to build 36,316 square meters warehouse for 69 million?

almost all the cost is bear by borrowing from banks.   

now is high interest rate environment. Total borrowing after incurring the cost. Chasen total borrowing is 128 million. Can chasen afford the debt? Even pay the interest?   

Any opinion can share?

Godwinlow      ( Date: 19-May-2023 09:29) Posted: TOTAL INVESTMENTS AND FUNDING  Pursuant to the terms and conditions in the 8 May Offer Letters, CLS would have to incur estimated costs of S$10,510,000 on new plant and machinery on the Properties in order to meet the Declared Investment requirement set out in paragraph 3.1(a) above, as well as estimated costs of S$58,500,000 required for and relating to the construction of the Proposed New Building and the Proposed Leases. Based on CLS' current estimates, the estimated total investment cost required for CLS for the Proposed Leases would be S$69,010,000 (the  " Estimated Total Investment Costs" ). The estimation of costs is based on preliminary discussions with relevant third-party professionals and consultants, with reference taken from JTC' s 5 April Offer Letters and 8 May Offer Letters.  The Estimated Total Investment Costs do not include the aggregate amount of Land Rent (payable on an annual basis) payable by CLS to JTC over the Lease Terms of approximately 23 years.  CLS will be financing an estimate of S$58,500,000 of the estimated construction cost and approximately S$10,510,000 of the estimated plant and machinery cost through bank borrowings and internal sources. CLS has received an offer letter from a bank for a loan of up to 85% of the estimated construction costs and the estimated plant and machinery cost.

 

TOTAL INVESTMENTS AND FUNDING 

Pursuant to the terms and conditions in the 8 May Offer Letters, CLS would have to incur estimated costs of S$10,510,000 on new plant and machinery on the Properties in order to meet the Declared Investment requirement set out in paragraph 3.1(a) above, as well as estimated costs of S$58,500,000 required for and relating to the construction of the Proposed New Building and the Proposed Leases. Based on CLS' current estimates, the estimated total investment cost required for CLS for the Proposed Leases would be S$69,010,000 (the 

" Estimated Total Investment Costs" ). The estimation of costs is based on preliminary discussions with relevant third-party professionals and consultants, with reference taken from JTC' s 5 April Offer Letters and 8 May Offer Letters. 

The Estimated Total Investment Costs do not include the aggregate amount of Land Rent (payable on an annual basis) payable by CLS to JTC over the Lease Terms of approximately 23 years. 

CLS will be financing an estimate of S$58,500,000 of the estimated construction cost and approximately S$10,510,000 of the estimated plant and machinery cost through bank borrowings and internal sources. CLS has received an offer letter from a bank for a loan of up to 85% of the estimated construction costs and the estimated plant and machinery cost.

 

Media Release
Chasen?s FY2022 Profit Before Income Tax Increases 40% to
S$6.5 Million, Outpacing Revenue Growth Secures Fresh
Projects from All Business Segments Worth S$14.5 Million
 Profit before tax increased from S$4.6 million in FY2021, outpacing FY2022 revenue growth
of 26% FY2022 net profit rises 24% to S$4.3 million from S$3.4 million in FY2021
 3PL segment remained top revenue earner through increasing market share, as air and sea
freight disruptions continued to lift demand for cross-border land transportation and
warehousing
 Increase in FY2022 net profit after tax, rising 24% to S$4.3 million from S$3.4 million in
FY2021
 Secures S$14.6 million worth of fresh contracts in all three business segments
 Operating environment expected to become increasingly challenging as pandemic-related
disruptions in the PRC hamper 3PL and Specialist Relocation operations amid manpower
shortages, higher operating costs and interest rates

https://links.sgx.com/1.0.0/corporate-announcements/GB1VNJKUMPZB81RZ/719174_CHASEN_FY2022_Results_Press%20Release_20220530.pdf

 

chasen report coming keep your fingers crossed. best scenario, best profits in years, distribute 75% of cash pile due to confidence of incoming years cashflow, relaunch ipo efforts

10 baggers

 

Is that Non Exec Chairman still there?
If not, why not?
Means?
Now?
What next?
Think.
Period.

fruitfulness      ( Date: 09-Apr-2022 12:50) Posted: I am currently not vested in this stock anymore. Thankfully, made several rounds over the years (and no losses). Was a bit put off at an AGM I attended before the pandemic. Was annoyed how Chasen, being relatively small, pay out directors' fees amounting close to $500k (I vaguely remember) and the non-exec Chairman enjoyed some $30k or $40k more.  A saving of about $200k here would mean a lot to the profits of this company.  All the talk about listing one or two divisions in China has not materialise thus far... But at least the CEO worked hard to eke out reasonable profits ... Well, hope some of you can make some profits if Chasen produce good year-end results. ahberngh      ( Date: 17-Jan-2022 10:46) Posted: Don' t talk about 20c, have been waiting for it to reach 10c for donkey years. Another junk stock, just waiting for 8c to get out.

 

I am currently not vested in this stock anymore. Thankfully, made several rounds over the years (and no losses). Was a bit put off at an AGM I attended before the pandemic. Was annoyed how Chasen, being relatively small, pay out directors' fees amounting close to $500k (I vaguely remember) and the non-exec Chairman enjoyed some $30k or $40k more.  A saving of about $200k here would mean a lot to the profits of this company.  All the talk about listing one or two divisions in China has not materialise thus far... But at least the CEO worked hard to eke out reasonable profits ... Well, hope some of you can make some profits if Chasen produce good year-end results.

ahberngh      ( Date: 17-Jan-2022 10:46) Posted: Don' t talk about 20c, have been waiting for it to reach 10c for donkey years. Another junk stock, just waiting for 8c to get out.

 

Small?
Ok.
Anyway, just buy and keep.
Period

valuefinder      ( Date: 09-Apr-2022 12:06) Posted: Can share more if you could ? Because it is just a small logistic player , unless it has something special to happen ? PHInsider63      ( Date: 09-Apr-2022 11:53) Posted: Still early. Ride the early tide. Still safe. Guarantee

 

i have never doubt on you

PHInsider63      ( Date: 09-Apr-2022 12:02) Posted: Allow me to show some arrogance. When I promote something, it is always at early doors. Sure up but hold a little longer. Check my post in SM and Amos. MakeChanges      ( Date: 09-Apr-2022 12:00) Posted: We shall see... will put this in my watchlist again.