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Means More selling
SmallSmall ( Date: 19-Apr-2022 13:40) Posted:
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PROPOSED PLACEMENT OF 121,954,000 NEW ORDINARY SHARES IN THE CAPITAL OF HATTEN LAND LIMITED -
RECEIPT OF LISTING AND QUOTATION NOTICE
RECEIPT OF LISTING AND QUOTATION NOTICE
back to top vol
Probably will need to wait for 2 to 3 months to hit that target...
stanleytay ( Date: 18-Apr-2022 14:46) Posted:
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Target 0.053.
Sgvale ( Date: 18-Apr-2022 14:42) Posted:
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Target 0.052
This month is fasting month. Demand for hotel rooms is still muted. Hopefully, the long weekend will re-ignite things for Hatten. However, Hatten is heavily burdened by debt.
Sgvale ( Date: 18-Apr-2022 14:15) Posted:
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Yes. Dead town dead stock.. cut loss
Think of Malacca. Think of Hatten
I accumulated 300 lots at average price of 0.047 since early February. Not sure how long more to hold on even I can sell and break even. Sian with this stock
Sian.... I think next week will be worst when contra selling comes. I will have to cut loss. 😫
Disappointing week for this counter.... closed at 0.045 will thank heaven thank earth already.
I do not see how their element X will excel in the long run
firstly, Melaka isn' t seen as an international tourist spot or promoted as one. Hatten simply set their location in Melaka because it' s mall/hotel is lying there. In terms of location, I don' t think it will attract international tourists, be it as a tourist attraction or as a esport location
secondly, to attract esports' influx into melaka, a lot of monies and sponsors got to be pumped into in order to attract the committee to hold event there... hatten doesn' t seem to have capability in the short run, from the fact that a mere S$5m, they also need to raise through placement...
firstly, Melaka isn' t seen as an international tourist spot or promoted as one. Hatten simply set their location in Melaka because it' s mall/hotel is lying there. In terms of location, I don' t think it will attract international tourists, be it as a tourist attraction or as a esport location
secondly, to attract esports' influx into melaka, a lot of monies and sponsors got to be pumped into in order to attract the committee to hold event there... hatten doesn' t seem to have capability in the short run, from the fact that a mere S$5m, they also need to raise through placement...
I view Hatten recent development with positivity especially with borders opening & new investors participation
Hatten Land rises on new e-sports strategy, share placement exercise
WITHIN 1 hour after the Singapore stock market opened on Wednesday (Apr 13), there was brisk trading among Hatten Land' s ($ Hatten Land : PH0 +2.22%) shares following its announcement that it was rebranding its mall in Melaka, Malaysia into an e-sports hub and would be issuing new shares to raise S$5 million to fund this development.
Shares of the property developer rose 6.7 per cent, or S$0.003 to S$0.048, as at 9.36 am, with more than 13.5 million shares changing hands.
The volume of shares traded continued rising, crossing over 18 million transactions after 10 am, making it the fourth most active counter in early Wednesday trade.
No married deals were recorded in early trade, according to ShareInvestor data.
The Catalist-listed company announced before market opened that it will be rebranding Elements Mall in Melaka into an e-sports hub, comprising hotel accommodation, as well as an e-sports arena which has livestreaming and other facilities for professional players.
To fund this new business strategy, the property developer said in a bourse filing that it will be raising S$5 million by issuing close to 122 million new shares, at S$0.041 per share.
This issue price is an 8.89 per cent discount to Hatten Land' s last closing price of S$0.045 on Apr 8, which was the last day its shares were being traded before a trading halt was requested on Apr 11.
Compared to the 5-day volume-weighted average price of S$0.0456 per share till Apr 8, the issue price of S$0.041 is at a 10 per cent discount.
The new shares will be issued to 10 investors, who had agreed to subscribe to them on Apr 11.
The trading halt was lifted before market opened on Wednesday.
The placement shares will represent about 7.03 per cent of Hatten Land' s existing 1.74 billion shares, and about 6.57 per cent of the company' s enlarged 1.86 billion shares upon the completion of this exercise.
After deducting estimated expenses of about S$18,000, the net amount of funds raised would be about S$4.98 million, out of which 70 per cent will be allocated to fund Hatten Land' s new business initiatives, including the e-sports hub, known as Element X.
The rest will be used for the company' s daily operations.
are you vested?
phongy45 ( Date: 13-Apr-2022 20:34) Posted:
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+0.046 shown in green
3 second happiness
did they full fill the contacts? ... units sold at Malacca, were it up to standards?
Jamesrocker ( Date: 13-Apr-2022 19:47) Posted:
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Some are attracted by the names of the placees... that' s probably what hatten wish to achieve too.. some are really taken in
when aspen was into gloves, Malaysia typhoon CMY' s name was also brought into the picture...but look what happen..
DYODD...
when aspen was into gloves, Malaysia typhoon CMY' s name was also brought into the picture...but look what happen..
DYODD...
kt3152 ( Date: 13-Apr-2022 15:53) Posted:
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Am sure that the investors who took up this placement have confidence in the Management of HL to execute the plans. In addition, My had just opened and let' s give some time for investors and property buyers to return and things to get up to speed. There should be good tourism traffic by June when School Holidays starts as Malacca had always been a favourite destination for many.
Longists hold on for the ride.. those patient enuh will go for doubling their investment when more and more of their Biz plans are executed.
Dyodd.
Longists hold on for the ride.. those patient enuh will go for doubling their investment when more and more of their Biz plans are executed.
Dyodd.