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Suggest to buy and keep.
Good or bad news?
SmallSmall ( Date: 16-Jun-2021 08:39) Posted:
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The Board of Directors of Serial System Ltd. (the &ldquo Board&rdquo ) refers to the Company&rsquo s announcement dated 23 February 2017 (the &ldquo Taiwan Civil Suit Announcement&rdquo ). Unless otherwise defined herein, all capitalized terms shall have the same meaning assigned to them in the Taiwan Civil Suit Announcement.
The Taiwan Civil Suit The Company was informed by its 19.02% associated company, Bull Will Co., Ltd that its lawyers have confirmed today that based on the summary of the court decision published on the website of the Taiwan Judiciary: (1) the Taiwan Civil Suit by the plaintiff, Securities and Futures Investors Protection Centre of Taiwan (&ldquo SFIPC&rdquo ) has beent dismissed by the Taiwan Shilin Distric Court and (2) the court&rsquo s litigation costs were ordered to be borne by the SFIPC. The lawyers have also informed that SFIPC may appeal the court&rsquo s decision within twenty (20) days from receiving the court&rsquo s written judgment.
As at the date of this announcement, the Company has yet to receive the court&rsquo s written judgment of the Taiwan Civil Suit. The Company will make further announcements to update its shareholders on any further material developments in connection with the Taiwan Civil Suit. As at the date of this announcement, the Board does not expect the Taiwan Civil Suit to have any material impact on the net tangible assets per share and earnings per share of the Company and the Group for the financial year ending 31 December 2021.
The Taiwan Civil Suit The Company was informed by its 19.02% associated company, Bull Will Co., Ltd that its lawyers have confirmed today that based on the summary of the court decision published on the website of the Taiwan Judiciary: (1) the Taiwan Civil Suit by the plaintiff, Securities and Futures Investors Protection Centre of Taiwan (&ldquo SFIPC&rdquo ) has beent dismissed by the Taiwan Shilin Distric Court and (2) the court&rsquo s litigation costs were ordered to be borne by the SFIPC. The lawyers have also informed that SFIPC may appeal the court&rsquo s decision within twenty (20) days from receiving the court&rsquo s written judgment.
As at the date of this announcement, the Company has yet to receive the court&rsquo s written judgment of the Taiwan Civil Suit. The Company will make further announcements to update its shareholders on any further material developments in connection with the Taiwan Civil Suit. As at the date of this announcement, the Board does not expect the Taiwan Civil Suit to have any material impact on the net tangible assets per share and earnings per share of the Company and the Group for the financial year ending 31 December 2021.
Derek Goh increases stake.
good closing, somehow i feel this has some gem with a huge potential stock in this industry right now, more investors and bb are looking at them now.
hope to see more uptrend on serial system.
hope to see more uptrend on serial system.
Any last min fireworks?
I gave up, too many fake queues.
fighting ( Date: 15-Jun-2021 13:22) Posted:
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Seller queues appear to be fake. Shortists in trouble. Day high on heavy volume
The wall really thick if break 0.180 coming
fighting ( Date: 15-Jun-2021 13:17) Posted:
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Very tricky
Agreed...be nimble
papayaface ( Date: 14-Jun-2021 14:26) Posted:
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Serial System shares surge by over 40% after CEO' s stock purchase
Serial System founder and CEO Derek Goh holds 40.5 per cent of the firm, after he bought 461,000 shares last Friday.
SINGAPORE - Mainboard-listed semiconductor distributor Serial System surged by more than 40 per cent on Monday on heavy volume, after founder and chief executive Derek Goh announced he had bought shares in the company.
The stock closed at 14.5 cents, up 4.3 cents or 42.2 per cent, on a volume of 53.4 million at the end of trading on Monday.
This made it the eighth-most active stock and third-highest percentage gainer for the day.
The price surge comes after the company announced last week Mr Goh had acquired 461,000 Serial System shares last Friday for $47,072.71. This works out to an average price of 10.2 cents per share.
He now holds direct and deemed interest of 363,023,070 shares or 40.5 per cent of the company.
After struggling for the previous two years following the lost of its Texas Instruments distributorship in 2018, Serial System appears to have turned the corner.
About a week ago, the company unveiled a strong set of first-quarter results, showing net profit after tax of US$2.7 million (S$3.6 million) for the three months ended March 31. This was a sharp reversal from a loss of US$6.5 million during the same period a year earlier.
The firm attributed the stronger performance to its strategies to widen its supplier and customer base and improve efficiencies following the Covid-19 outbreak.
Speaking after the results, Mr Goh said the company was seeing a strong turnaround in its fortunes.
" There is a semiconductor shortage worldwide which strengthens the value proposition of an established distributor such as ourselves," he said.
" We have increased our base of chip suppliers as well as range of customers while continuing to focus on growth sectors such as automobile, data centres and 5G connectivity."
He added that the so-called " technology war" and chip shortage were playing out in favour of Serial System.
All dumped at 0.159,58,57. Handsome profit
fighting ( Date: 14-Jun-2021 13:50) Posted:
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But very risky stock. Buy & sell queues not big, so if market is weak, price will drop down equally fast. If got good profit, please take and be happy. Good luck
RichardTeo ( Date: 14-Jun-2021 14:16) Posted:
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0.153! chasing rh petrolgas?
lol..huat to the moon
lol..huat to the moon
Bingo!
fighting ( Date: 14-Jun-2021 13:33) Posted:
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Accumulating for next surge
Target achieved... All out... Huat to all who follow...:)
BB looks strong to touch 11 later... Dyodd...:)
Vol build up...1st Target 11 to 12... :)...OTOT