OneApex    Last:0.295   -

Eps 33c nav 61c....share price only 25c

is this e same farm that is supposed to be relocated? If yes, then, probably, there will be a slight adjustment to the selling price.. but should not cancel the whole sale... anyway, the buyer just wants to dominate the market in singapore.. tats e main thing. 

ysh2006      ( Date: 02-Apr-2018 13:39) Posted: May I know whether this case insurance company will pay them ? any insurance guru can advice ?The Malaysian counter part maybe not so interested now ? if involved high repair cost ... MichaelSchenker      ( Date: 01-Apr-2018 08:50) Posted: Just unlucky, some say act of God....not sure if insurance(if there is any) payable.  Hope they proceed with the special dividend of 35 cents. was also disclosed in an official announcement via sgx: http://infopub.sgx.com/FileOpen/CGL_Heavy%20Thunderstorm_Farm%20Damage.ashx?App=Announcement& FileID=495266   CHEW&rsquo S GROUP LIMITED (Company Registration No. 201020806C) (Incorporated in the Republic of Singapore) _________________________________________________________________________________ HEAVY THUNDERSTORM CAUSING EXTENSIVE DAMAGE TO FARM AT 20 MURAI FARMWAY _________________________________________________________________________________ The Board of Directors (&ldquo Board&rdquo ) of Chew&rsquo s Group Limited (&ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that a heavy thunderstorm which occurred in the afternoon of 30 March 2018 (&ldquo Heavy Thunderstorm&rdquo ), has caused extensive damage to the farm of its wholly-owned subsidiary, Chew&rsquo s Agriculture Pte Ltd (&ldquo CAPL&rdquo ) which is located at 20 Murai Farmway Singapore 709153 (&ldquo Farm&rdquo ). CAPL is the operating entity for the Group&rsquo s business of producing and selling generic and designer eggs, liquid eggs, trading of spent grains, and food processing. The Heavy Thunderstorm has caused extensive damage to 13 of the Group&rsquo s chicken sheds (which mainly housed the Group&rsquo s breeder and white egg layers chickens) and the egg production cum warehouse building, where the egg grader machine used for the sorting and packing of eggs is housed. One worker with minor injuries was reported and had received appropriate medical treatment as at the date of this announcement. The Company is currently working closely with government agencies and professional engineers to restore the egg production facilities, and the clearance of the debris and bio-assets is also underway. The Company is in the process of assessing the losses to the Group caused by the Heavy Thunderstorm and the financial impact on the Group can only be reliably determined at a later date. Although the business and operations of CAPL will still be ongoing, CAPL&rsquo s production volume will be affected for the next one to two weeks. In the meantime, the management of CAPL will take measures to address operational issues such as egg collection and storage, and the setting up of a temporary sales and administrative office. The measures will include making arrangements with another egg producer in Singapore to use their egg grader/packaging machine, and in working with customers to minimise the disruption to their businesses as a result of the unexpected reduction in production volume. The Company is working with its insurer to recover the loss of income, damage to the Farm and equipment and will make the appropriate claims for the same. The Board further refers to the circular dated 26 March 2018 in relation to, inter alia, the proposed disposal of the entire issued and paid-up share capital of CAPL, Chew&rsquo s Engineering Services Pte Ltd, Chew&rsquo s Group Investment Pte Ltd and Chew&rsquo s Group Marketing Pte Ltd to HL Plus Pte. Ltd. (&ldquo Purchaser&rdquo ), which is a wholly-owned subsidiary and nominee of Huat Lai Resources Berhad (&ldquo Huat Lai&rdquo ). Both Huat Lai and the Purchaser have been informed of the above matter. Further announcements will be made by the Company as and when there are any material developments in relation to the aforesaid. BY ORDER OF THE BOARD Chew Chee Bin Executive Chairman 1 April 2018

 

May I know whether this case insurance company will pay them ? any insurance guru can advice ?The Malaysian counter part maybe not so interested now ? if involved high repair cost ...

MichaelSchenker      ( Date: 01-Apr-2018 08:50) Posted: Just unlucky, some say act of God....not sure if insurance(if there is any) payable.  Hope they proceed with the special dividend of 35 cents. was also disclosed in an official announcement via sgx: http://infopub.sgx.com/FileOpen/CGL_Heavy%20Thunderstorm_Farm%20Damage.ashx?App=Announcement& FileID=495266   CHEW&rsquo S GROUP LIMITED (Company Registration No. 201020806C) (Incorporated in the Republic of Singapore) _________________________________________________________________________________ HEAVY THUNDERSTORM CAUSING EXTENSIVE DAMAGE TO FARM AT 20 MURAI FARMWAY _________________________________________________________________________________ The Board of Directors (&ldquo Board&rdquo ) of Chew&rsquo s Group Limited (&ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that a heavy thunderstorm which occurred in the afternoon of 30 March 2018 (&ldquo Heavy Thunderstorm&rdquo ), has caused extensive damage to the farm of its wholly-owned subsidiary, Chew&rsquo s Agriculture Pte Ltd (&ldquo CAPL&rdquo ) which is located at 20 Murai Farmway Singapore 709153 (&ldquo Farm&rdquo ). CAPL is the operating entity for the Group&rsquo s business of producing and selling generic and designer eggs, liquid eggs, trading of spent grains, and food processing. The Heavy Thunderstorm has caused extensive damage to 13 of the Group&rsquo s chicken sheds (which mainly housed the Group&rsquo s breeder and white egg layers chickens) and the egg production cum warehouse building, where the egg grader machine used for the sorting and packing of eggs is housed. One worker with minor injuries was reported and had received appropriate medical treatment as at the date of this announcement. The Company is currently working closely with government agencies and professional engineers to restore the egg production facilities, and the clearance of the debris and bio-assets is also underway. The Company is in the process of assessing the losses to the Group caused by the Heavy Thunderstorm and the financial impact on the Group can only be reliably determined at a later date. Although the business and operations of CAPL will still be ongoing, CAPL&rsquo s production volume will be affected for the next one to two weeks. In the meantime, the management of CAPL will take measures to address operational issues such as egg collection and storage, and the setting up of a temporary sales and administrative office. The measures will include making arrangements with another egg producer in Singapore to use their egg grader/packaging machine, and in working with customers to minimise the disruption to their businesses as a result of the unexpected reduction in production volume. The Company is working with its insurer to recover the loss of income, damage to the Farm and equipment and will make the appropriate claims for the same. The Board further refers to the circular dated 26 March 2018 in relation to, inter alia, the proposed disposal of the entire issued and paid-up share capital of CAPL, Chew&rsquo s Engineering Services Pte Ltd, Chew&rsquo s Group Investment Pte Ltd and Chew&rsquo s Group Marketing Pte Ltd to HL Plus Pte. Ltd. (&ldquo Purchaser&rdquo ), which is a wholly-owned subsidiary and nominee of Huat Lai Resources Berhad (&ldquo Huat Lai&rdquo ). Both Huat Lai and the Purchaser have been informed of the above matter. Further announcements will be made by the Company as and when there are any material developments in relation to the aforesaid. BY ORDER OF THE BOARD Chew Chee Bin Executive Chairman 1 April 2018  Observers      ( Date: 31-Mar-2018 22:01) Posted: https://www.channelnewsasia.com/news/singapore/repairing-thunderstorm-damage-could-take-months-says-lim-chu-10092146   In a Facebook post, he said he visited Chew' s Agriculture, Williton Orchids, Koon Lee Nursery and Goh Swee Hoon fish farm, noting that Chew' s " suffered the most extensive damage" .  " The owner assured me that they have business continuity measures in place and while this &lsquo act of God&rsquo has brought challenges to them, he is glad to see that members of our farming community and government agencies are coming together to help them tide over this period," said Dr Koh.  Read more at https://www.channelnewsasia.com/news/singapore/repairing-thunderstorm-damage-could-take-months-says-lim-chu-10092146

 

I sold mine at 540. Suffered about 4 cents of losses. Just wanna get out of the uncertainty situation.

What if, what if not? Okay, I am moving on.

Wish you guys, holders good luck in the coming days, weeks.

 

 

Let see today price volume action ?

ysh2006      ( Date: 01-Apr-2018 22:12) Posted: The deal may be cancelled , Malaysia would be buyer may think " God" don' t want them buy it, if not thing might happen again...if business is good why sell leh,also similar to Oceanus business " human counting can' t beat heaven count" . Damian      ( Date: 23-Mar-2018 15:22) Posted: Actually, they are in the midst of selling their core business away to a Malaysian poultry farming company, Huat Lai Resources Bhd. The dividends are tied to shareholders approval for the upcoming EGM to approve the disposal. Post disposal, company will only be left with its small HK trading business and cash. Based on company estimates, its equity value after the disposal will be around 62 cts, which should largely be in net cash, out of which they are distributing 35 cts this time around.  If they do not get a bigger new core business, there is a possibility of more dividend payments in future.

 

The deal may be cancelled , Malaysia would be buyer may think " God" don' t want them buy it, if not thing might happen again...if business is good why sell leh,also similar to Oceanus business " human counting can' t beat heaven count" .

Damian      ( Date: 23-Mar-2018 15:22) Posted: Actually, they are in the midst of selling their core business away to a Malaysian poultry farming company, Huat Lai Resources Bhd. The dividends are tied to shareholders approval for the upcoming EGM to approve the disposal. Post disposal, company will only be left with its small HK trading business and cash. Based on company estimates, its equity value after the disposal will be around 62 cts, which should largely be in net cash, out of which they are distributing 35 cts this time around.  If they do not get a bigger new core business, there is a possibility of more dividend payments in future.

 

yes.. most likely cancelled

investshare      ( Date: 01-Apr-2018 18:23) Posted: What does item 5 mean? Is it part of the sale? Normally there is a clause to say if material event happen, the agreement may be cancelled.

 

What does item 5 mean?
Is it part of the sale?
Normally there is a clause to say if material event happen, the agreement may be cancelled.

 

Very likely that is expected...

Since I did not hold much, I will just let it be, and collect the 35 cents special dividend (hopefully intact).

 

Berani      ( Date: 01-Apr-2018 10:25) Posted: share price will fall for sure MichaelSchenker      ( Date: 01-Apr-2018 08:50) Posted: Just unlucky, some say act of God....not sure if insurance(if there is any) payable.  Hope they proceed with the special dividend of 35 cents. was also disclosed in an official announcement via sgx: http://infopub.sgx.com/FileOpen/CGL_Heavy%20Thunderstorm_Farm%20Damage.ashx?App=Announcement& FileID=495266   CHEW&rsquo S GROUP LIMITED (Company Registration No. 201020806C) (Incorporated in the Republic of Singapore) _________________________________________________________________________________ HEAVY THUNDERSTORM CAUSING EXTENSIVE DAMAGE TO FARM AT 20 MURAI FARMWAY _________________________________________________________________________________ The Board of Directors (&ldquo Board&rdquo ) of Chew&rsquo s Group Limited (&ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that a heavy thunderstorm which occurred in the afternoon of 30 March 2018 (&ldquo Heavy Thunderstorm&rdquo ), has caused extensive damage to the farm of its wholly-owned subsidiary, Chew&rsquo s Agriculture Pte Ltd (&ldquo CAPL&rdquo ) which is located at 20 Murai Farmway Singapore 709153 (&ldquo Farm&rdquo ). CAPL is the operating entity for the Group&rsquo s business of producing and selling generic and designer eggs, liquid eggs, trading of spent grains, and food processing. The Heavy Thunderstorm has caused extensive damage to 13 of the Group&rsquo s chicken sheds (which mainly housed the Group&rsquo s breeder and white egg layers chickens) and the egg production cum warehouse building, where the egg grader machine used for the sorting and packing of eggs is housed. One worker with minor injuries was reported and had received appropriate medical treatment as at the date of this announcement. The Company is currently working closely with government agencies and professional engineers to restore the egg production facilities, and the clearance of the debris and bio-assets is also underway. The Company is in the process of assessing the losses to the Group caused by the Heavy Thunderstorm and the financial impact on the Group can only be reliably determined at a later date. Although the business and operations of CAPL will still be ongoing, CAPL&rsquo s production volume will be affected for the next one to two weeks. In the meantime, the management of CAPL will take measures to address operational issues such as egg collection and storage, and the setting up of a temporary sales and administrative office. The measures will include making arrangements with another egg producer in Singapore to use their egg grader/packaging machine, and in working with customers to minimise the disruption to their businesses as a result of the unexpected reduction in production volume. The Company is working with its insurer to recover the loss of income, damage to the Farm and equipment and will make the appropriate claims for the same. The Board further refers to the circular dated 26 March 2018 in relation to, inter alia, the proposed disposal of the entire issued and paid-up share capital of CAPL, Chew&rsquo s Engineering Services Pte Ltd, Chew&rsquo s Group Investment Pte Ltd and Chew&rsquo s Group Marketing Pte Ltd to HL Plus Pte. Ltd. (&ldquo Purchaser&rdquo ), which is a wholly-owned subsidiary and nominee of Huat Lai Resources Berhad (&ldquo Huat Lai&rdquo ). Both Huat Lai and the Purchaser have been informed of the above matter. Further announcements will be made by the Company as and when there are any material developments in relation to the aforesaid. BY ORDER OF THE BOARD Chew Chee Bin Executive Chairman 1 April 2018

 

share price will fall for sure

MichaelSchenker      ( Date: 01-Apr-2018 08:50) Posted: Just unlucky, some say act of God....not sure if insurance(if there is any) payable.  Hope they proceed with the special dividend of 35 cents. was also disclosed in an official announcement via sgx: http://infopub.sgx.com/FileOpen/CGL_Heavy%20Thunderstorm_Farm%20Damage.ashx?App=Announcement& FileID=495266   CHEW&rsquo S GROUP LIMITED (Company Registration No. 201020806C) (Incorporated in the Republic of Singapore) _________________________________________________________________________________ HEAVY THUNDERSTORM CAUSING EXTENSIVE DAMAGE TO FARM AT 20 MURAI FARMWAY _________________________________________________________________________________ The Board of Directors (&ldquo Board&rdquo ) of Chew&rsquo s Group Limited (&ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that a heavy thunderstorm which occurred in the afternoon of 30 March 2018 (&ldquo Heavy Thunderstorm&rdquo ), has caused extensive damage to the farm of its wholly-owned subsidiary, Chew&rsquo s Agriculture Pte Ltd (&ldquo CAPL&rdquo ) which is located at 20 Murai Farmway Singapore 709153 (&ldquo Farm&rdquo ). CAPL is the operating entity for the Group&rsquo s business of producing and selling generic and designer eggs, liquid eggs, trading of spent grains, and food processing. The Heavy Thunderstorm has caused extensive damage to 13 of the Group&rsquo s chicken sheds (which mainly housed the Group&rsquo s breeder and white egg layers chickens) and the egg production cum warehouse building, where the egg grader machine used for the sorting and packing of eggs is housed. One worker with minor injuries was reported and had received appropriate medical treatment as at the date of this announcement. The Company is currently working closely with government agencies and professional engineers to restore the egg production facilities, and the clearance of the debris and bio-assets is also underway. The Company is in the process of assessing the losses to the Group caused by the Heavy Thunderstorm and the financial impact on the Group can only be reliably determined at a later date. Although the business and operations of CAPL will still be ongoing, CAPL&rsquo s production volume will be affected for the next one to two weeks. In the meantime, the management of CAPL will take measures to address operational issues such as egg collection and storage, and the setting up of a temporary sales and administrative office. The measures will include making arrangements with another egg producer in Singapore to use their egg grader/packaging machine, and in working with customers to minimise the disruption to their businesses as a result of the unexpected reduction in production volume. The Company is working with its insurer to recover the loss of income, damage to the Farm and equipment and will make the appropriate claims for the same. The Board further refers to the circular dated 26 March 2018 in relation to, inter alia, the proposed disposal of the entire issued and paid-up share capital of CAPL, Chew&rsquo s Engineering Services Pte Ltd, Chew&rsquo s Group Investment Pte Ltd and Chew&rsquo s Group Marketing Pte Ltd to HL Plus Pte. Ltd. (&ldquo Purchaser&rdquo ), which is a wholly-owned subsidiary and nominee of Huat Lai Resources Berhad (&ldquo Huat Lai&rdquo ). Both Huat Lai and the Purchaser have been informed of the above matter. Further announcements will be made by the Company as and when there are any material developments in relation to the aforesaid. BY ORDER OF THE BOARD Chew Chee Bin Executive Chairman 1 April 2018  Observers      ( Date: 31-Mar-2018 22:01) Posted: https://www.channelnewsasia.com/news/singapore/repairing-thunderstorm-damage-could-take-months-says-lim-chu-10092146   In a Facebook post, he said he visited Chew' s Agriculture, Williton Orchids, Koon Lee Nursery and Goh Swee Hoon fish farm, noting that Chew' s " suffered the most extensive damage" .  " The owner assured me that they have business continuity measures in place and while this &lsquo act of God&rsquo has brought challenges to them, he is glad to see that members of our farming community and government agencies are coming together to help them tide over this period," said Dr Koh.  Read more at https://www.channelnewsasia.com/news/singapore/repairing-thunderstorm-damage-could-take-months-says-lim-chu-10092146

 

Going to eat expensive egg?

 

Just unlucky, some say act of God....not sure if insurance(if there is any) payable. 

Hope they proceed with the special dividend of 35 cents.

was also disclosed in an official announcement via sgx:

http://infopub.sgx.com/FileOpen/CGL_Heavy%20Thunderstorm_Farm%20Damage.ashx?App=Announcement& FileID=495266
 

Observers      ( Date: 31-Mar-2018 22:01) Posted: https://www.channelnewsasia.com/news/singapore/repairing-thunderstorm-damage-could-take-months-says-lim-chu-10092146   In a Facebook post, he said he visited Chew' s Agriculture, Williton Orchids, Koon Lee Nursery and Goh Swee Hoon fish farm, noting that Chew' s " suffered the most extensive damage" .  " The owner assured me that they have business continuity measures in place and while this &lsquo act of God&rsquo has brought challenges to them, he is glad to see that members of our farming community and government agencies are coming together to help them tide over this period," said Dr Koh.  Read more at https://www.channelnewsasia.com/news/singapore/repairing-thunderstorm-damage-could-take-months-says-lim-chu-10092146

 

https://www.channelnewsasia.com/news/singapore/repairing-thunderstorm-damage-could-take-months-says-lim-chu-10092146
 

In a Facebook post, he said he visited Chew' s Agriculture, Williton Orchids, Koon Lee Nursery and Goh Swee Hoon fish farm, noting that Chew' s " suffered the most extensive damage" . 

" The owner assured me that they have business continuity measures in place and while this &lsquo act of God&rsquo has brought challenges to them, he is glad to see that members of our farming community and government agencies are coming together to help them tide over this period," said Dr Koh. 
Read more at https://www.channelnewsasia.com/news/singapore/repairing-thunderstorm-damage-could-take-months-says-lim-chu-10092146

 

Still very difficult to buy/sell. Very thinly traded despite the 35 cents special dividend. 

Unlikely possible to buy more at one go. You have to slowly slowly nibble bit by bit.

Then, how is the Selling gonna happen, especially after XD.

Nevertheless, I managed to buy in bit by bit to hold 10k units, just for the experience dealing with such   stocks.

BigBoys not interested?

 

 

The sale and purchase agreement has already been signed. Now just waiting for shareholders' approval and other typical conditions to be satisfied.
Below is the circular company has despatched...Can' t link on this forum anymore so just copy the whole URL and paste on browser' s search box to access.

http://infopub.sgx.com/FileOpen/CGL_Disposal%20of%20Subsidiaries%20Circular.ashx?App=Announcement& FileID=493987

Woods30      ( Date: 23-Mar-2018 21:56) Posted: Thank you Damian.Hopefully they do get something better after that..is the sale confirmed?   Damian      ( Date: 23-Mar-2018 15:22) Posted: Actually, they are in the midst of selling their core business away to a Malaysian poultry farming company, Huat Lai Resources Bhd. The dividends are tied to shareholders approval for the upcoming EGM to approve the disposal. Post disposal, company will only be left with its small HK trading business and cash. Based on company estimates, its equity value after the disposal will be around 62 cts, which should largely be in net cash, out of which they are distributing 35 cts this time around.  If they do not get a bigger new core business, there is a possibility of more dividend payments in future.

 

Right! Thanks Damian for sharing a very useful piece of info.

 

Thank you Damian.Hopefully they do get something better after that..is the sale confirmed?
 

Damian      ( Date: 23-Mar-2018 15:22) Posted: Actually, they are in the midst of selling their core business away to a Malaysian poultry farming company, Huat Lai Resources Bhd. The dividends are tied to shareholders approval for the upcoming EGM to approve the disposal. Post disposal, company will only be left with its small HK trading business and cash. Based on company estimates, its equity value after the disposal will be around 62 cts, which should largely be in net cash, out of which they are distributing 35 cts this time around.  If they do not get a bigger new core business, there is a possibility of more dividend payments in future.

 

Actually, they are in the midst of selling their core business away to a Malaysian poultry farming company, Huat Lai Resources Bhd. The dividends are tied to shareholders approval for the upcoming EGM to approve the disposal.
Post disposal, company will only be left with its small HK trading business and cash. Based on company estimates, its equity value after the disposal will be around 62 cts, which should largely be in net cash, out of which they are distributing 35 cts this time around. 
If they do not get a bigger new core business, there is a possibility of more dividend payments in future. 

 

bought... special dividens are just oo attractive plus it is the leading supplier of fresh eggs here- note its main business  comes from overseas market though...hopefuly the will be able to up sales  and profits ....and continue to gif out strong dividends....

Woods30      ( Date: 22-Mar-2018 23:59) Posted: oh ok..may skip  MichaelSchenker      ( Date: 22-Mar-2018 21:21) Posted: Well, it is always good to follow your own gut-feel. Everyone of us will likely take a different route, no hard and fast rule. Personally speaking, I am not betting there is no correction after xd. It is really highly unlikely, unless everyone is sleeping. In a stock market full of sharks, bet they are already ahead of you. Also, if you sense that this is not going to be a winning trade, best is to skip it altogether. There are many more counters out there....

 

But they have a new facility that can produce half a million eggs a day..i think that is great for the long run... plus they haf a healthy cash hoard too... 

 

i know what i am doing, and i hope u know what u are saying

alexchew      ( Date: 23-Mar-2018 08:32) Posted: Lol... dun even know what u r buying lsk007      ( Date: 23-Mar-2018 08:19) Posted: The float is very small, and the cash per share is high enough that the share price does not reflect the value of its egg business fully. I will just hold out and enjoy the 35c dividend.