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Touch low of $0.52 now rebounding back to $0.55......
Can see $0.60 later?
Can see $0.60 later?
Look at how the Chinese invest bought share from Bonvest @1.67, they are unlikely to let go and make a loss. So any offer to privatize must be done at much higher price than the market.
beng1102 ( Date: 30-Jun-2023 16:50) Posted:
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It is being pumped up again. So don' t sell.
beng1102 ( Date: 26-Jun-2023 16:14) Posted:
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Pick up big piece of gold
ohm136 ( Date: 30-Jun-2023 14:56) Posted:
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What happened?
Cordlife rises 19.3% on possible share transaction
SHARES of Cordlife Group : P8A +20.48% hit a three-year high amid heavy trading on Monday (Jun 26) after the company said it was aware of a possible transaction for an offer for its shares.
Its counter rose as much as 19.3 per cent or S$0.08 to trade at S$0.495 as at 11.31 am, with some 1.2 million shares changing hands. The last time the counter closed near this level was on Aug 28, 2019.
No married deals were recorded at the time, ShareInvestor data indicated.
On Monday, the cord blood bank company said it received a written notice dated Jun 21 that there are confidential discussions between Cradle Investments and a third party over a possible transaction that may or may not lead to an offer for Cordlife&rsquo s shares.
Cordlife vice-chairman Ho Choon Hou, who is an appointed representative, member of the investment committee, and a partner of Southern Capital Group, had also informed the company on Jun 23 that one of the funds managed by Southern Capital has a deemed interest in Cradle Investments.
He also said that a deal is being contemplated and negotiations by Cradle Investments are taking place.
Due to his role at Southern Capital, Ho has abstained and will continue to abstain from all matters related to the deal due to the conflicts of interest. He will also recuse himself from any of the company&rsquo s decisions regarding the matter.
The directors at Cradle Investments, Kenneth Tan Jhu Hwa and Boh Sang Wei, are also, respectively, a director and a principal at Southern Capital, according to data platform Handshakes.
The board understands from the notification that discussions are ongoing. There is no certainty that the discussions will advance beyond the present stage nor any assurance that any definitive agreements will be inked as a result of the talks.
Likely a new investor or private share placement price around 65 to 85 cents.
beng1102 ( Date: 26-Jun-2023 16:14) Posted:
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Pump it all the way to $1.6.
beng1102 ( Date: 26-Jun-2023 12:19) Posted:
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I believe the ceiling is 70c. But of course if they offer much higher price i have no complaint
So it seems my observation was in the right direction, someone do think that there is value in the company's business.
Now for some maths
FY2022 net profit was $4.886 mil. Lets round it to $5 mil for easy calculation.
Net cash : 80 mil
Assuming PE and trying to derive intrinsic value
10x : 10 x 5 + 80 = 130 mil (approx $0.51 share price)
15x: 15 x 5 + 80 = 155 mil (approx $0.60 share price)
20x : 20 x 5 + 80 = 180 mil (approx $0.70 share price)
For healthcare industry, PE might even go up to 30x sometimes so 20x wouldnt be considered excessive for good companies.
Using Fy2022 figure is also conservative since no growth has been factored in. Of course, black swan events like another pandemic or births drop substantially are also not factored in.
ValueSeer ( Date: 16-Jun-2023 16:32) Posted:
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If u check history the major shareholder actually bought the share from Bonvest at around 1.67 a share. So we cannot expect them to make losses.
lsk007 ( Date: 26-Jun-2023 12:13) Posted:
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Looks like to be in the region of 60-70c
Fingers crossed 🤞
Just don' t sell. I think all these are attempt to pump the share price and now it is still low.
SmallSmall ( Date: 26-Jun-2023 10:34) Posted:
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Some insight to the private equity involved.
https://www.southerncapitalgroup.com/company.html
Southern Capital is a leading private equity firm that focuses on control buyouts of high growth middle market businesses in Southeast Asia. Southern Capital has a successful track record of acquiring and growing middle market businesses with enterprise values of between US$20 million to $200 million.
Operating from 2 offices across the region - Singapore and Kuala Lumpur (Malaysia), we specialise in leveraged buyouts of businesses that play to Asia' s strength - a large and fast growing domestic consumer base and its competitive edge as a major manufacturing and services hub.
Working alongside management, entrepreneurs, families and shareholders, Southern Capital has considerable investment and operational expertise of the following industries: specialised financial services, value-added manufacturing, business process outsourcing, consumer products and services including food & beverage, healthcare and selected infrastructure
https://www.southerncapitalgroup.com/company.html
Southern Capital is a leading private equity firm that focuses on control buyouts of high growth middle market businesses in Southeast Asia. Southern Capital has a successful track record of acquiring and growing middle market businesses with enterprise values of between US$20 million to $200 million.
Operating from 2 offices across the region - Singapore and Kuala Lumpur (Malaysia), we specialise in leveraged buyouts of businesses that play to Asia' s strength - a large and fast growing domestic consumer base and its competitive edge as a major manufacturing and services hub.
Working alongside management, entrepreneurs, families and shareholders, Southern Capital has considerable investment and operational expertise of the following industries: specialised financial services, value-added manufacturing, business process outsourcing, consumer products and services including food & beverage, healthcare and selected infrastructure
SmallSmall ( Date: 26-Jun-2023 09:57) Posted:
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Only know this company is recovering well after Covid with a surge in prodits.
That' s the reason why the stalkers are coming to try to make an offer.
But as the company has many smaller SS all making pretty high prices in the past, the offer has to be good for all to accept.
Remember Bonvest sold out at $1.67 few years ago.
That' s the reason why the stalkers are coming to try to make an offer.
But as the company has many smaller SS all making pretty high prices in the past, the offer has to be good for all to accept.
Remember Bonvest sold out at $1.67 few years ago.
SmallSmall ( Date: 26-Jun-2023 09:46) Posted:
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Buy on weakness... This is going to be another Amara part 2
How much is Cordlife worth?
Another low ball takeover on the way?
Another low ball takeover on the way?
"Cradle" ? Sounds like a joke! I don't there would be any meaningful offer.
lsk007 ( Date: 26-Jun-2023 08:34) Posted:
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The Board of Directors (the " Board" ) of Cordlife Group Limited (the " Company" ) wishes to announce that it has received a written notice dated 21 June 2023 from Harry Elias Partnership LLP notifying the Board that there are currently confidential discussions between Cradle Investments Pte. Ltd. (" Cradle Investments" ) and a third party in relation to a possible transaction involving the Company, which may or may not lead to an offer for the shares of the Company
Might be some M&A news which might have no effect on price