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In order to exercise warrants, need to fill in exercise warrant form. Will the form be send to me?
A-Sonic Aerospace plans to release its full-year results for FY21 on or around Feb 28 2022
Two A-Sonic Aerospace directors exercise bonus warrants, market cap to get boost
TWO directors of aerospace and logistics firm A-Sonic Aerospace - which has been on the Singapore Exchange Watch-list since June 2017 - have exercised their bonus warrants, which could hoist the company' s market capitalisation above the S$40 million threshold.
According to a filing to the Singapore Exchange, majority substantial shareholder and director Janet Tan exercised some 8.44 million bonus warrants, while director Irene Tay exercised 224,450 bonus warrants. These will be converted into a total of some 8.67 million new ordinary shares.
With this, the enlarged share capital of A-Sonic Aerospace will go up to about 67.15 million shares on or around Jan 21, rising from about 58.48 million shares presently.
Assuming the company' s shares trade at S$0.605, similar to their closing price of S$0.605 last Friday (Jan 14), its market cap would work out to about S$40.625 million based on the enlarged share capital, the company said.
However, it would need to maintain its market cap above S$40 million for 6 months in order to apply to the Singapore Exchange to be removed from the SGX Watch-list. " This and other factors prevailing in the future may affect the company' s exit from SGX Watch-list," the company said.
Meanwhile, there are still another 5.95 million or so bonus warrants held by other shareholders, which can be exercised to new ordinary shares in the company between Jan 15 and Apr 8.
Very impressive announcement
(I) 14,617,993 BONUS WARRANTS IS NOW CONVERTIBLE TO NEW ORDINARY SHARES, AT AN EXERCISE PRICE OF S$0.08 EACH FROM 15 JANUARY TO 8 APRIL 2022 AND
(II) TWO (2) DIRECTORS HAVE EXERCISED AN AGGREGATE OF 8,670,756 BONUS WARRANTS, COMPRISING 59.3% OF THE TOTAL ISSUED 14,617,993 BONUS WARRANTS
The majority substantial shareholder and Director, Ms Janet Tan, had 8,446,306 Bonus Warrants as at 14 January 2022.
Another Director, Ms Irene Tay, had 224,450 Bonus Warrants as at 14 January 2022.
On 15 January 2022, each of the above two (2) Directors (collectively known as &ldquo Two Directors&rdquo ) has exercised an aggregate of 8,670,756 Bonus Warrants, and these are to be converted into 8,670,756 new ordinary shares.
After the exercise of the Bonus Warrants of the Two Directors, the enlarged share capital of the Company will increase to 67,150,052 shares on or about Friday, 21 January 2022, from the existing 58,479,296 issued shares as at the date of this announcement.
The conversion is already announced on SGX, and we are reminded periodically, and all shareholders would have received official reminder by now. So, I don' t think it' s this news. There has to be something bigger. Otherwise my girlfriend Janet would not be so free to text me at midnight to advise me...
Mother share now $0.61, warrants $0.53 on moderate trading
Today is only the beginning
Mother share now $0.61, warrants $0.53 on moderate trading
Today is only the beginning
ysh2006 ( Date: 16-Jan-2022 13:41) Posted:
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To get mkt cap of $40M need to convert the wrt into shares but no benefit for other share holders since mother share price is just the same as wrt price plus exercise price...unless she push up mother price for us to exercise with a profit...
ysh2006 ( Date: 16-Jan-2022 16:11) Posted:
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After conversion at 48c...can she take the company private and at issue price 48c like SMM ?
ysh2006 ( Date: 16-Jan-2022 13:41) Posted:
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How come she know can convert already ? Will the mother share price shoot up tomorrow ?
Lobster ( Date: 14-Jan-2022 21:27) Posted:
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My pretty girlfriend, Janet just texted me and told me to get glued to the prices next week. I also don' t know why she suddenly text me... maybe she is feeling lonely.
anyway, I will do as she asked, and see if there' s good news coming.... maybe exit from watchlist? Or fantastic result? Or tokkong dividends? Or special cash distribution? Or entering new business?
anyway, I will do as she asked, and see if there' s good news coming.... maybe exit from watchlist? Or fantastic result? Or tokkong dividends? Or special cash distribution? Or entering new business?
Wow, this is interesting....
My pretty lady, Janet bought 20,000 shares at S$0.56050 each and 30,100 warrants at S$0.46975 each at open market.today...
considering that insiders cannot buy any shares in their company 2 months before the release of annual financial results,
Janet could be winking to me that something positive is coming out of the results. Because these few days before year end,
is the last opportunity she can buy before release of results on the 1 March. She said that if the results are super good,
she is going to make very strong case to apply for exit of watch release. This time she said she is very " determined" .
My pretty lady, Janet bought 20,000 shares at S$0.56050 each and 30,100 warrants at S$0.46975 each at open market.today...
considering that insiders cannot buy any shares in their company 2 months before the release of annual financial results,
Janet could be winking to me that something positive is coming out of the results. Because these few days before year end,
is the last opportunity she can buy before release of results on the 1 March. She said that if the results are super good,
she is going to make very strong case to apply for exit of watch release. This time she said she is very " determined" .
This could also happen to A-sonic when it exits from SGX watchlist.
exit is for sure but most people wants to know when
my guess is that it would happen by 1Q next year
exit is for sure but most people wants to know when
my guess is that it would happen by 1Q next year
Hot stocks: Oceanus up 17.6% after exiting SGX watch list
If this International Plaza en-bloc sale goes through, A-SONIC AERO shareholders will gain a big windfall!
sale proceeds from property = 9.3 million /35 milion = 26.5% of current market capitalisation
Will A-SONIC AERO declare a huge angbao (Special dividend) for shareholders next year? Eagerly awaiting!!
Recap:
Current Market Capitalisation of A-SONIC AERO = SGD$35 million (at current price of 60 cents)
Net Book Value) of S$52.601 million (or US$39.132 million) as at 30 June 2021.
Cash and cash equivalents of USD 30.140 million = SGD 40.87 million. as at 30 June 2021.
International Plaza office property enbloc: It also noted that the memorandum had a sale price for illustration only that put the approximate gross sale proceeds of the office units at S$9.3 million.
The sale could be Singapore' s largest en-bloc deal in terms of number of units and value and comes after the owners gave the green light on July 7 to put the 50-storey leasehold building on the market.
https://www.straitstimes.com/business/property/international-plaza-to-go-en-bloc-at-reserve-price-of-27b-in-spores-largest
sale proceeds from property = 9.3 million /35 milion = 26.5% of current market capitalisation
Will A-SONIC AERO declare a huge angbao (Special dividend) for shareholders next year? Eagerly awaiting!!
Recap:
Current Market Capitalisation of A-SONIC AERO = SGD$35 million (at current price of 60 cents)
Net Book Value) of S$52.601 million (or US$39.132 million) as at 30 June 2021.
Cash and cash equivalents of USD 30.140 million = SGD 40.87 million. as at 30 June 2021.
International Plaza office property enbloc: It also noted that the memorandum had a sale price for illustration only that put the approximate gross sale proceeds of the office units at S$9.3 million.
International Plaza launches record $2.7b en-bloc tender in S' pore' s largest collective sale
SINGAPORE - International Plaza in Tanjong Pagar has been launched for sale by public tender at a record reserve price of $2.7 billion.
The sale could be Singapore' s largest en-bloc deal in terms of number of units and value and comes after the owners gave the green light on July 7 to put the 50-storey leasehold building on the market.
https://www.straitstimes.com/business/property/international-plaza-to-go-en-bloc-at-reserve-price-of-27b-in-spores-largest
Wow! Janet acquired 1,028,236 shares at S$0.80 each and 257,057 warrants at S$0.72 each from her own kakis...
is she going big or mad?
a possible sale to an interested overseas party?
is she going big or mad?
a possible sale to an interested overseas party?
Ex dividend tomorrow. No hurry to sell... Keep and hold and grow with this undervalued gem.
Company with growing revenue and growing profit, and in the right sector (booming LOGISTICS sector)
RECAP: Current market capitalisation of only SGD 33.9 million (share price 58 cents) vs Net Book value of SGD $52.601 million for this Profitable company which has paid / declared dividends for the last 3.5 years
Cash and cash equivalents of USD 30.140 million = SGD 40.87 million.
And not forgetting their International Plaza property going on enbloc sale soon - (It also noted that the memorandum had a sale price for illustration only that put the approximate gross sale proceeds of the office units at SGD $9.3 million.)
What an undervalued gem!
Company with growing revenue and growing profit, and in the right sector (booming LOGISTICS sector)
RECAP: Current market capitalisation of only SGD 33.9 million (share price 58 cents) vs Net Book value of SGD $52.601 million for this Profitable company which has paid / declared dividends for the last 3.5 years
Cash and cash equivalents of USD 30.140 million = SGD 40.87 million.
And not forgetting their International Plaza property going on enbloc sale soon - (It also noted that the memorandum had a sale price for illustration only that put the approximate gross sale proceeds of the office units at SGD $9.3 million.)
What an undervalued gem!
As expected, CEO JANET TAN resume buying the undervalued shares of A-SONIC AERO after results released.
On 17 AUG 2021: Purchase of 31,000 shares at S$0.63460 each and 25,900 bonus warrants at S$0.53716 each at open market.
On 18 AUG 2021: Purchase of 11,100 bonus warrants at S$0.52149 each at open market.
Recap:
Current Market Capitalisation of A-SONIC AERO = SGD$35.96 million (at current price of 61.5 cents)
Net Book Value) of S$52.601 million (or US$39.132 million) as at 30 June 2021.
Cash and cash equivalents of USD 30.140 million = SGD 40.87 million. as at 30 June 2021.
International Plaza office property enbloc: It also noted that the memorandum had a sale price for illustration only that put the approximate gross sale proceeds of the office units at S$9.3 million.
| https://links.sgx.com/1.0.0/corporate-announcements/KQ1YMRLGYIK63R0X/679489__eFORM1V2_18082021.pdf |
On 17 AUG 2021: Purchase of 31,000 shares at S$0.63460 each and 25,900 bonus warrants at S$0.53716 each at open market.
On 18 AUG 2021: Purchase of 11,100 bonus warrants at S$0.52149 each at open market.
Recap:
Current Market Capitalisation of A-SONIC AERO = SGD$35.96 million (at current price of 61.5 cents)
Net Book Value) of S$52.601 million (or US$39.132 million) as at 30 June 2021.
Cash and cash equivalents of USD 30.140 million = SGD 40.87 million. as at 30 June 2021.
International Plaza office property enbloc: It also noted that the memorandum had a sale price for illustration only that put the approximate gross sale proceeds of the office units at S$9.3 million.
Dragonite ( Date: 10-Aug-2021 14:48) Posted:
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Great set of results for A-SONIC AERO!
Current market capitalisation of only SGD 35.6 million (share price 61 cents) vs Net Book value of S$52.601 million for this Profitable company which has paid / declared dividends for the last 3.5 years
Cash and cash equivalents of USD 30.140 million = SGD 40.87 million.
And not forgetting their International Plaza property going on enbloc sale soon - (It also noted that the memorandum had a sale price for illustration only that put the approximate gross sale proceeds of the office units at S$9.3 million.)
What an undervalued gem!
A-Sonic Aerospace Limited (the Company) and its subsidiaries (the Group) had, achieved:
(i) Profitable and paid / declared dividends for the last 3.5 years, since FY 2018, FY 2019, FY 2020 and first six month ended 30 June 2021
(ii) Net Assets (Attributable to Equity holders of the Company) ( or Net Book Value) of S$52.601 million (or US$39.132 million) as at 30 June 2021.
Despite the above, we remain on the SGX watch list, solely because we have not achieved an average daily market capitalization of S$40 million. In this regard, potential share investors may still stay on the sideline due to concerns with the watch-list status and potential delisting, despite improved financial performance and position. Fund managers and investors are either unable, unwilling, or unlikely, to invest in a Company with the watch list stigma.
Update on Financial Results
For the first six (6) months ended 30 June 2021 (1H 2021 ) compared to the previous corresponding period ended 30 June 2020 (1H 2020), our Group achieved:
(i) an increase of US$73.779 million (62.1%) in Turnoverto US$192.576 million in 1H 2021, compared to US$118.797 million in 1H 2020
(ii) an improvement of US$3.493 million in Operating Profit to US$3.356 million in 1H 2021, compared Operating Loss of US$0.137 million in 1H 2020
(iii) higher consolidated Net Tangible Assets (NTA) of US$39.132 million (equivalent to S$52.601 million) as at 30 June 2021, compared to US$36.241 million as at 30 June 2020 and
(iv) a reduction in bank gearing to 0.3 as at 30 June 2021, compared to 4.8 as at end 30 June 2020. In summary, our operating performance improved in 1H 2021, compared to 1H 2020.
Our Operating Profit excludes once-off non-recurrent items. In 1H 2020, an aggregate of US$3.857 million one-off gain which resulted from the divestment of an associate company, that was not present in 1H 2021.
Additionally, the government grants from the various 2 countries that we operate in, reduced substantially (56.5%) in 1H 2021, compared to that in 1H 2020.
Despite the continued challenging global economic condition arising from Covid-19 in 1H 2021, we recorded:
(i) Profit Before Taxof US$4.441 million
(ii) Net Profit After Taxof US$4.044 million and
(iii) Net Profit Attributable to Shareholders of Parent Company of US$3.243 million
Current market capitalisation of only SGD 35.6 million (share price 61 cents) vs Net Book value of S$52.601 million for this Profitable company which has paid / declared dividends for the last 3.5 years
Cash and cash equivalents of USD 30.140 million = SGD 40.87 million.
And not forgetting their International Plaza property going on enbloc sale soon - (It also noted that the memorandum had a sale price for illustration only that put the approximate gross sale proceeds of the office units at S$9.3 million.)
What an undervalued gem!
A-Sonic Aerospace Limited (the Company) and its subsidiaries (the Group) had, achieved:
(i) Profitable and paid / declared dividends for the last 3.5 years, since FY 2018, FY 2019, FY 2020 and first six month ended 30 June 2021
(ii) Net Assets (Attributable to Equity holders of the Company) ( or Net Book Value) of S$52.601 million (or US$39.132 million) as at 30 June 2021.
Despite the above, we remain on the SGX watch list, solely because we have not achieved an average daily market capitalization of S$40 million. In this regard, potential share investors may still stay on the sideline due to concerns with the watch-list status and potential delisting, despite improved financial performance and position. Fund managers and investors are either unable, unwilling, or unlikely, to invest in a Company with the watch list stigma.
Update on Financial Results
For the first six (6) months ended 30 June 2021 (1H 2021 ) compared to the previous corresponding period ended 30 June 2020 (1H 2020), our Group achieved:
(i) an increase of US$73.779 million (62.1%) in Turnoverto US$192.576 million in 1H 2021, compared to US$118.797 million in 1H 2020
(ii) an improvement of US$3.493 million in Operating Profit to US$3.356 million in 1H 2021, compared Operating Loss of US$0.137 million in 1H 2020
(iii) higher consolidated Net Tangible Assets (NTA) of US$39.132 million (equivalent to S$52.601 million) as at 30 June 2021, compared to US$36.241 million as at 30 June 2020 and
(iv) a reduction in bank gearing to 0.3 as at 30 June 2021, compared to 4.8 as at end 30 June 2020. In summary, our operating performance improved in 1H 2021, compared to 1H 2020.
Our Operating Profit excludes once-off non-recurrent items. In 1H 2020, an aggregate of US$3.857 million one-off gain which resulted from the divestment of an associate company, that was not present in 1H 2021.
Additionally, the government grants from the various 2 countries that we operate in, reduced substantially (56.5%) in 1H 2021, compared to that in 1H 2020.
Despite the continued challenging global economic condition arising from Covid-19 in 1H 2021, we recorded:
(i) Profit Before Taxof US$4.441 million
(ii) Net Profit After Taxof US$4.044 million and
(iii) Net Profit Attributable to Shareholders of Parent Company of US$3.243 million
A very good set of results, in this pandemic years. Cash has increased, nav has gone up.
but best part is it declared for the first time ever, a half cent interim dividends which itself is more than the entire last FY dividends.
So, imagine, what the FY dividends would be like.
Right now, the warrants are even being traded at a premium over the mother shares, and traditionally this is a very bullish and positive sign for the mother share.
but best part is it declared for the first time ever, a half cent interim dividends which itself is more than the entire last FY dividends.
So, imagine, what the FY dividends would be like.
Right now, the warrants are even being traded at a premium over the mother shares, and traditionally this is a very bullish and positive sign for the mother share.
If I were pretty jenny, I would just make an offer to acquire A-SONIC AERO shares at 1 dollar.
This would cost me less than $40 million (given that I already own 55% of the company) and I get the cash pool of $40 million, international plaza property worth $10 million, core business, and other properties and more...
RECAP:
Current Market Capitalisation of A-SONIC AERO = SGD$35.672 million (at current price of 61 cents)
This would cost me less than $40 million (given that I already own 55% of the company) and I get the cash pool of $40 million, international plaza property worth $10 million, core business, and other properties and more...
RECAP:
Current Market Capitalisation of A-SONIC AERO = SGD$35.672 million (at current price of 61 cents)
Based on the information memorandum prepared by the collective sale committee, the indicative independent third party market valuation of its office units was S$6.6 million, above the carrying value in its accounts of around S$1.4 million, as at June 30, A-Sonic said.
It also noted that the memorandum had a " sale price for illustration only" that put the " approximate gross sale proceeds" of the office units at S$9.3 million.
| (iv) Our Group Cash and cash equivalents stood at approximately S$40.521 million as at 31 December 2020.. |
Lobster ( Date: 11-Aug-2021 17:18) Posted:
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Closed at 0.625, up again. But you might wanna wait awhile. I said again, 70 sure to come.Has to come!
You can see that the warrant is now trading at only 5% discount to mother share after taking into account the exercise price of 0.08 c. So it' s a sign that the mother share is worth more than its weight in gold. By the way, pretty Janet text me to correct me that you can only exercise your warrant only in January next year. Now you can only trade your entitled warrants at market value if you want to.
Vested. pdyohwadfmb
You can see that the warrant is now trading at only 5% discount to mother share after taking into account the exercise price of 0.08 c. So it' s a sign that the mother share is worth more than its weight in gold. By the way, pretty Janet text me to correct me that you can only exercise your warrant only in January next year. Now you can only trade your entitled warrants at market value if you want to.
Vested. pdyohwadfmb
Closed up only 5%. Pity those ignorant or blurred sotongs for being impatient. Why go for peanuts when you can have lobsters? 0.70 will sure to come... whatever it takes, pretty Janet will take you there! If I were u, get your warrants converted in the meanwhile.
vested. pdyohwadfmb
vested. pdyohwadfmb