Post Reply
601-620 of 1133
speculation is just speculation.
anthonykwong ( Date: 15-Jan-2017 00:19) Posted:
|
You dont get what i mean . I m not doubting oxley guys capabilities.
What if NAV of IHC is almost to ZERO ? After all these years of.......
This is what i meant "messy"
What if NAV of IHC is almost to ZERO ? After all these years of.......
This is what i meant "messy"
happyharvest ( Date: 15-Jan-2017 00:14) Posted:
|
no matter how messy a company is, a capable person will turn it around. Let' s see those interested people can do the job or become a quitter. Let' s not judge too early and give them a chance to perform
anthonykwong ( Date: 15-Jan-2017 00:09) Posted:
|
You may never know the mess may be bigger than what you thought.
Oxley those guys may be in for a rude shock if the mess is worse than what they thought.
Why dont they just use proxy guys to add more shares when price was below 5 cts ?
Any 2 % x 5 proxies = 10%...
I guess they also unsure "what is exactly inside IHC"
When oxley guys acquired their stakes, it was obvious to fan xxx they were hostile.
Why didnt he increase his stakes to defend his interests ? He finds it "not worthwhile" to ?
Oxley those guys may be in for a rude shock if the mess is worse than what they thought.
Why dont they just use proxy guys to add more shares when price was below 5 cts ?
Any 2 % x 5 proxies = 10%...
I guess they also unsure "what is exactly inside IHC"
When oxley guys acquired their stakes, it was obvious to fan xxx they were hostile.
Why didnt he increase his stakes to defend his interests ? He finds it "not worthwhile" to ?
happyharvest ( Date: 14-Jan-2017 23:46) Posted:
|
it may not worth much now but the people who want to get in know how to make it worth much more ) They saw the value people can' t see.
anthonykwong ( Date: 14-Jan-2017 23:42) Posted:
|
How much is inside IHC now we wont know for sure. I dont think SSH will know also.
The ex management still holds significant stakes. When share price was at 3 cents, did Oxley guys add any ? Why not ?
Did fan add any too at 3 cents ? Why not ?
Dont look at the surface too much. The company after "peeling the onion skins" may not be worth much at all.
Why Remisier King get out fast in the 1st place ? He in and exit all so quick so fast years ago.
That was already "a hint".
The ex management still holds significant stakes. When share price was at 3 cents, did Oxley guys add any ? Why not ?
Did fan add any too at 3 cents ? Why not ?
Dont look at the surface too much. The company after "peeling the onion skins" may not be worth much at all.
Why Remisier King get out fast in the 1st place ? He in and exit all so quick so fast years ago.
That was already "a hint".
Thanks for the confirmation. I was also thinking that the 72 hours prob apply only to working days. So Monday will see further accumulation.
Coming Monday can still see share trading appreciating...
Think is due to stakes holders buying interest to accumulation for or against for this 23 Jan EGM..
72 office hours.(excluding sat/sun right?) buy and pay up on time.
KopRed75 ( Date: 14-Jan-2017 20:08) Posted:
|
Coming Monday is 16th Jan n EGM is on 23th Jan.
The last day should be on 17th Jan (Tues) - right?. If wrong, pls correct me.
(If bot on 17th n pay up promptly. based on 72 hours work back)
TechnicalTrader ( Date: 14-Jan-2017 19:51) Posted:
|
Based on the announcement, the cut-off is 72 hours before the EGM. The EGM is scheduled on 23 Jan at 2.30pm. Working backwards, the cut-off will be 20 Jan 2.30pm. If one were to buy the shares on Monday, the shares will not be considered free in our CDP account by 20 Jan 2.30pm, hence I am not sure if these shareholders will be eligible to vote at the EGM.
TechnicalTrader ( Date: 14-Jan-2017 19:51) Posted:
|
yes
KopRed75 ( Date: 14-Jan-2017 17:45) Posted:
|
Finall! This should be done long ago but maybe the price has reached a very attractive price for this to happen.
Wind22i ( Date: 14-Jan-2017 12:01) Posted:
|
Remember: the value of the share price lies in booting out the useless directors!!
A noob question - will investors who buy IHC shares on coming Monday be eligible to vote at the EGM on 23 Jan 2017? Thanks.
teeth53 ( Date: 14-Jan-2017 16:41) Posted:
|
This time. No play play. Got Quarz Capital Mgt n many smaller share holders. Oxley CEO, his deputy n deputy sister oredi increases their stakes, is likely to cross 51% for verses 49% against.
IHC n Healthway...ai tua tua huat chay liao.
IHC n Healthway...ai tua tua huat chay liao.
teeth53 ( Date: 06-Oct-2016 12:43) Posted:
|
http://infopub.sgx.com/FileOpen/ResultsofEGM.ashx?App=Announcement& FileID=424645 (Previous EGM Result)
Breakdown of all valid votes cast at the EGM
Resolution 1 - Proposed Appointment of Baker Tilly TFW LLP as Auditors of the Company.
Total shr - 1,108,668,523 (For n against). For - 465,122,802 or 41.9% verses against - 643,545,721 or 58.05%
Resolution 2 The Proposed General Share Issue Mandate 1,108,665,479
For - 449 402,453 or 40.54% verses against - 659,263,026 or 59.46%
Resolution 3 The Proposed Payment of Directors&rsquo Fees of up to S$420,000 for FY2016 to be paid quarterly in arrears.
Total shr - 1,108,668,523: For 455,681,135 or 41.10% verses against - 652,987,388 or 58.90%
Resolution No. 1 in respect of the appointment of Messrs Baker Tilly TFW LLP as auditors of the Company was not passed at the EGM, so is Resolution for 2 and 3.
teeth53 thot - This time round, for the resolution party to pass their coming EGMto remove current board.
They have got the quarz Capital mgt support, plus increses in Oxley CEO, his deouty n his sister n others share holders, getting more shares for verses against.
If u are oxley or just a normal shareholder..u also will want to throw away the useless management haha
Seems like this will be the next Natural Cool. Maybe should buy a bit next Monday to play.
Quarz Capital Mgt has entered the fray, indicating its support to oust the current board.
Quarz reason is due to it severe drop in IHC' s share price, +85% since listing IHC' s (overvalua) in it IPO offered @0.48c.
click here - http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=11509& recordCount=2
Quarz expressed " surprise" on lack of activities taken by IHC mgt to stop destroying shareholder value " despite the multiple levers at their disposal" , and said it will vote to replace the entire board at an EGM meeting on Jan 23.
This meeting was initiated by two shareholders - Oxley Holdings deputy chief executive Eric Low and his sister Audrey - who cited " worrying performance and developments" at IHC.
Bourse filings show that Mr Low and Oxley boss Ching Chiat Kwong, who hold stakes of 7.11% and 19.14% respectively in IHC, had been picking up IHC shares since prices fell off a cliff last September.
Quarz portfolio mgr Havard Chi said, he had been in contact with Mr Low but Quarz report was independent from them.
The fund believes that IHC is trading at a sharp 48% discount to its intrinsic net asset value of $195 million despite its high quality assets, based on Thursday' s share price of 6.1c.
Quarz, revealed, it accumulating IHC shares. Quarz has valued IHC' s assets at $515 million.
By refreshing with new board. Quarz believe IHC' s share price can gain 40% in the near and mid-term, Quarz said.
IHC shares rose 0.9 cents or 14.75 per cent to close at seven cents yesterday.
Quarz call for IHC to reduce its debt levels. IHC has $50 mil bond due in April. Another $50 mil bond matures next Feb, and old board said. It was working on various funding to meet its obligations, after mkt chatter that it was struggling to pay.
Quarz suggested. IHC sell or list as a Reit. it 12 Japan nursing homes to generate asset mgt income & also asking IHC to find JV partner to develop the K.L. land bank into a medical hub with serviced residences, and consider an IPO of the China healthcare assets.
Meanwhile, IHC executive director Angeleca Lim said. The board is studying the recommendations put forth by Quarz.
" Most recommendations are not new. She told Straits Times. " IHC will continue to evaluate and adopt workable plans that would enhance the company' s value. Quarz' s assertion that a change of the entire board will drive better shareholder value is speculative," she added.
Last mth, IHC co-founder Jong Hee Sen, who holds a 1.06% in IHC, resigned from the board.
Last October, Quarz targeted Metro Holdings
A version of this article appeared in the print edition of The Straits Times on January 14, 2017