Chasen
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Chasen Hldg
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81-100 of 365
Too small scale to be considered. No added value .
nta 17 cts.cash per share 5 cts..
tankoksee ( Date: 09-Jun-2023 11:21) Posted:
LHN logistic kena takeover...
chasen the next potential target?? |
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LHN logistic kena takeover...
chasen the next potential target??
Chasen annual earnings is only a few millions at most. How are they going to even pay interest on the 128 millions of debts?
Godwinlow ( Date: 19-May-2023 15:40) Posted:
I think Chasen really going all out on expanding. But again they are taking in too much debts. In downturns. How is Chasen going to service their 128 millions of debts. Not prudent at all
eddyeddy ( Date: 19-May-2023 15:19) Posted:
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I think Chasen really going all out on expanding. But again they are taking in too much debts. In downturns. How is Chasen going to service their 128 millions of debts. Not prudent at all
eddyeddy ( Date: 19-May-2023 15:19) Posted:
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Whats your views on Chasen now?
eddyeddy ( Date: 19-May-2023 14:39) Posted:
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At 128 millions borrowings after incurring all the cost. Can chasen even pay interest on the debts? Annual earnings also not much. Ah yo. Really high debt level in high interest rate environment
ahberngh ( Date: 19-May-2023 10:15) Posted:
Seems to me a never do well junk stock.
I am vested because management some time ago was talking about
listing subsidiary in HK bourse, how promising their logistic business is, etc, etc.
Appears to be empty can making a lot of noise.
Waiting to get out if it touches 8c.
Just my opinion, I may be wrong, please dyodd. |
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Seems to me a never do well junk stock.
I am vested because management some time ago was talking about
listing subsidiary in HK bourse, how promising their logistic business is, etc, etc.
Appears to be empty can making a lot of noise.
Waiting to get out if it touches 8c.
Just my opinion, I may be wrong, please dyodd.
Is there really a need to build 36,316 square meters warehouse for 69 million?
almost all the cost is bear by borrowing from banks.
now is high interest rate environment. Total borrowing after incurring the cost. Chasen total borrowing is 128 million. Can chasen afford the debt? Even pay the interest?
Any opinion can share?Godwinlow ( Date: 19-May-2023 09:31) Posted:
TOTAL INVESTMENTS AND FUNDING
Pursuant to the terms and conditions in the 8 May Offer Letters, CLS would have to incur estimated costs of S$10,510,000 on new plant and machinery on the Properties in order to meet the Declared Investment requirement set out in paragraph 3.1(a) above, as well as estimated costs of S$58,500,000 required for and relating to the construction of the Proposed New Building and the Proposed Leases. Based on CLS' current estimates, the estimated total investment cost required for CLS for the Proposed Leases would be S$69,010,000 (the
" Estimated Total Investment Costs" ). The estimation of costs is based on preliminary discussions with relevant third-party professionals and consultants, with reference taken from JTC' s 5 April Offer Letters and 8 May Offer Letters.
The Estimated Total Investment Costs do not include the aggregate amount of Land Rent (payable on an annual basis) payable by CLS to JTC over the Lease Terms of approximately 23 years.
CLS will be financing an estimate of S$58,500,000 of the estimated construction cost and approximately S$10,510,000 of the estimated plant and machinery cost through bank borrowings and internal sources. CLS has received an offer letter from a bank for a loan of up to 85% of the estimated construction costs and the estimated plant and machinery cost. |
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TOTAL INVESTMENTS AND FUNDING
Pursuant to the terms and conditions in the 8 May Offer Letters, CLS would have to incur estimated costs of S$10,510,000 on new plant and machinery on the Properties in order to meet the Declared Investment requirement set out in paragraph 3.1(a) above, as well as estimated costs of S$58,500,000 required for and relating to the construction of the Proposed New Building and the Proposed Leases. Based on CLS' current estimates, the estimated total investment cost required for CLS for the Proposed Leases would be S$69,010,000 (the
" Estimated Total Investment Costs" ). The estimation of costs is based on preliminary discussions with relevant third-party professionals and consultants, with reference taken from JTC' s 5 April Offer Letters and 8 May Offer Letters.
The Estimated Total Investment Costs do not include the aggregate amount of Land Rent (payable on an annual basis) payable by CLS to JTC over the Lease Terms of approximately 23 years.
CLS will be financing an estimate of S$58,500,000 of the estimated construction cost and approximately S$10,510,000 of the estimated plant and machinery cost through bank borrowings and internal sources. CLS has received an offer letter from a bank for a loan of up to 85% of the estimated construction costs and the estimated plant and machinery cost.
Another boldtek?
this one no power today
No discount IF want to buy might as well wait for it to fall below 10 cents its much cheaper. Buy warrant 1 cents , 1 warrant entitle u to buy mother share at 12 cents, total cost for 1 lousy share u pay 13 cents.
Maybe u can buy the warrant. Hold I still if it moves up say to 25 or 50 cents than change it for mother share before expiry of the warrant.
Last time hold 100 lots become 5 lots.
Get 2 lots of warrants. Must pay with all charges ......40$... Warrant cost only 20$.
If wts 2 lots of warrant after pay all charges.? still need to pay extra $ to sell off. That's crazy man.
Further from what the company is doing... It doesn't look worth to put more money into them,
It'll be used to pay maybe director's bonus .? n overhead etc etc shareholders no gain. Stand by be a sucker when they need more money...
Issue right warrant,.... Not right share like many other companies.
Every company give right shares at big discount. Some give right share with warrant. They give only warrant that u have to pay n also must pay again if u want the mother share, if your buy pay for the warrants n don't pay more to get the share at high cost .... Either way u loose.
Ignore let it expire u don't loose... They loose...
Please refer to your documents for time-line.
If you don't like the warrants - you can sell the Rights Warrants any day now up to 10 mar 2014 but be careful your commissions cost. Typically if you trade by internet -- about $25, check yourself.
If you don't like the warrants and you have small qty and you may lose money after deduct commission -- then let it lapse.
If you like the warrants --- you can subscribe your entitled and excess -- you should already received the form and follow the instructions.
Oh if you want to sell and don't have internet account suggest you call your human broker for details.
Note: not advice for you to buy or sell.
meltconsultancy ( Date: 05-Mar-2014 14:33) Posted:
Can any good samaritan advise to a personal encounter of warrants then right (complicated subscription) :
1) Can sell the exercise rights of warrants without paying for a single cent.
If can how to.???
What a counter
gooddrink ( Date: 08-Jan-2014 16:17) Posted:
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This company is quite hilarious.
1) It seems like it is 'cornering' its own share price. They
already said they hoard 45% so cannot add more shares, that means management
hands are tied so cannot aggressively do share buyback when Chasen share price
is whacked like the last 2 crashes (taking the price from $0.50 to $0.12). So
if history repeat management will just stare at the sliding prices and do
nothing . By the way these 2 crashes has
nothing to do with the recent Blumont penny saga.
2) The management does not have faith in the last warrants
(conversion price at $0.30) so they propose another one with conversion price
at $0.12. What if the same Big or Small boys come in and do another whacking
off 5 cents from now 17 cents to 12 cents or lower ? Don't say unlikely, I am not
predicting but based on history it can happen again.
3) The propose new warrant will net the company about $1
million. If those boys come in and whack 5 cents off, Chasen market cap will be
wiped off about $12 million resulting in a 'net loss' of $11 million. If this
happen will they proposed a 3rd warrants offer say conversion at $0.05 ? Don' t
laugh.
4) The management doesn't seem to mind letting Chasen share price goes lower and lower as
long as they hope they can raised funds on the assumptions that many retail
investors are goondu. On the contrary very few people will convert if assuming Chasen
price is at $0.17, better to lose 1 cent than throw good money after bad. Who
knows the price may gravitated to 1 cent depending on the boys and not how good
performance Chasen had secure projects. DON'T forget the reverse split 100 to 1
shares just few years ago. Hope no akan datang.
5) Oh yes, we have Chasen NAV at $0.20, pipeline projects in
progress $20 million + $10 million and yesterday announced $10 million --- WOW
no effect !
note : The cash $10 million can be said to be from the funds
from the last warrants.
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Can any good samaritan advise to a personal encounter of warrants then right (complicated subscription) :
1) Can sell the exercise rights of warrants without paying for a single cent.
If can how to.???
What a counter
gooddrink ( Date: 08-Jan-2014 16:17) Posted:
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This company is quite hilarious.
1) It seems like it is 'cornering' its own share price. They
already said they hoard 45% so cannot add more shares, that means management
hands are tied so cannot aggressively do share buyback when Chasen share price
is whacked like the last 2 crashes (taking the price from $0.50 to $0.12). So
if history repeat management will just stare at the sliding prices and do
nothing . By the way these 2 crashes has
nothing to do with the recent Blumont penny saga.
2) The management does not have faith in the last warrants
(conversion price at $0.30) so they propose another one with conversion price
at $0.12. What if the same Big or Small boys come in and do another whacking
off 5 cents from now 17 cents to 12 cents or lower ? Don't say unlikely, I am not
predicting but based on history it can happen again.
3) The propose new warrant will net the company about $1
million. If those boys come in and whack 5 cents off, Chasen market cap will be
wiped off about $12 million resulting in a 'net loss' of $11 million. If this
happen will they proposed a 3rd warrants offer say conversion at $0.05 ? Don' t
laugh.
4) The management doesn't seem to mind letting Chasen share price goes lower and lower as
long as they hope they can raised funds on the assumptions that many retail
investors are goondu. On the contrary very few people will convert if assuming Chasen
price is at $0.17, better to lose 1 cent than throw good money after bad. Who
knows the price may gravitated to 1 cent depending on the boys and not how good
performance Chasen had secure projects. DON'T forget the reverse split 100 to 1
shares just few years ago. Hope no akan datang.
5) Oh yes, we have Chasen NAV at $0.20, pipeline projects in
progress $20 million + $10 million and yesterday announced $10 million --- WOW
no effect !
note : The cash $10 million can be said to be from the funds
from the last warrants.
gooddrink ( Date: 18-Dec-2013 02:37) Posted:
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1) Does anyone know why the 2010
warrants they can hoard the 45 % but this time so good want to offer t retail
to get STUCK ?
" the fund raising objective of the
Company would not be achieved if the
substantial shareholders are to hoard
nearly 45% of the total available Warrants and they are not allowed
to exercise full conversion into shares
of the Company within the conversion period of the Warrants
without triggering a mandatory takeover obligation"
2) The last offered 2010 warrants conversion price is
$0.30 ---- Chasen say good discount -- now price drop from $0.50 to $0.12
recently.
3) Now trying to offer new warrants conversion price is
$0.12 --- Chasen say good discount --- (now share price $0.16)
4) If all offer 4 warrants for 10 shares are FULLY
converted at $0.12 / share --- Chasen would raised $14 million.
That means DILUTION,
about 100 million shares added to current 250 million --- share price will go
back to $0.12 or lower -- right ?
5) Chasen said they have $10 million cash now --- still
wants to get another $14 million --- WOW !
Share buybacks ---
they used them to reward themselves / employees for good performance ?
How is that good performance when share price drop from
$0.50 to $0.12 (2nd crash, go see chart for 1st crash)
I no finance trained --- any comments ? I want to learn.
Something not right.
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This company is quite hilarious.
1) It seems like it is 'cornering' its own share price. They
already said they hoard 45% so cannot add more shares, that means management
hands are tied so cannot aggressively do share buyback when Chasen share price
is whacked like the last 2 crashes (taking the price from $0.50 to $0.12). So
if history repeat management will just stare at the sliding prices and do
nothing . By the way these 2 crashes has
nothing to do with the recent Blumont penny saga.
2) The management does not have faith in the last warrants
(conversion price at $0.30) so they propose another one with conversion price
at $0.12. What if the same Big or Small boys come in and do another whacking
off 5 cents from now 17 cents to 12 cents or lower ? Don't say unlikely, I am not
predicting but based on history it can happen again.
3) The propose new warrant will net the company about $1
million. If those boys come in and whack 5 cents off, Chasen market cap will be
wiped off about $12 million resulting in a 'net loss' of $11 million. If this
happen will they proposed a 3rd warrants offer say conversion at $0.05 ? Don' t
laugh.
4) The management doesn't seem to mind letting Chasen share price goes lower and lower as
long as they hope they can raised funds on the assumptions that many retail
investors are goondu. On the contrary very few people will convert if assuming Chasen
price is at $0.17, better to lose 1 cent than throw good money after bad. Who
knows the price may gravitated to 1 cent depending on the boys and not how good
performance Chasen had secure projects. DON'T forget the reverse split 100 to 1
shares just few years ago. Hope no akan datang.
5) Oh yes, we have Chasen NAV at $0.20, pipeline projects in
progress $20 million + $10 million and yesterday announced $10 million --- WOW
no effect !
note : The cash $10 million can be said to be from the funds
from the last warrants.
gooddrink ( Date: 18-Dec-2013 02:37) Posted:
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1) Does anyone know why the 2010
warrants they can hoard the 45 % but this time so good want to offer t retail
to get STUCK ?
" the fund raising objective of the
Company would not be achieved if the
substantial shareholders are to hoard
nearly 45% of the total available Warrants and they are not allowed
to exercise full conversion into shares
of the Company within the conversion period of the Warrants
without triggering a mandatory takeover obligation"
2) The last offered 2010 warrants conversion price is
$0.30 ---- Chasen say good discount -- now price drop from $0.50 to $0.12
recently.
3) Now trying to offer new warrants conversion price is
$0.12 --- Chasen say good discount --- (now share price $0.16)
4) If all offer 4 warrants for 10 shares are FULLY
converted at $0.12 / share --- Chasen would raised $14 million.
That means DILUTION,
about 100 million shares added to current 250 million --- share price will go
back to $0.12 or lower -- right ?
5) Chasen said they have $10 million cash now --- still
wants to get another $14 million --- WOW !
Share buybacks ---
they used them to reward themselves / employees for good performance ?
How is that good performance when share price drop from
$0.50 to $0.12 (2nd crash, go see chart for 1st crash)
I no finance trained --- any comments ? I want to learn.
Something not right.
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TRANSFER OF SHARES BETWEEN SUBSIDIARIES OF THE GROUP
The Board of Directors of Chasen Holdings Limited (the ?Company? or the ?Group?) wishes to
announce that on 6 January 2014, its wholly subsidiary REI Technologies Pte. Ltd has transferred its
32% shareholding in REI Promax Technologies Pte. Ltd. (?REIP?) to its other wholly owned
subsidiary, CLE Engineering Services Pte. Ltd (?CLEES?) (the ?Transfer?).
CLEES presently holds 23% shareholding in REIP. Following the Transfer, which was undertaken to
consolidate and streamline the Group?s corporate structure for synergy purpose, the Group?s 55%
shareholding in REIP is held by CLEES.
The Transfer is not expected to have any material financial impact on the consolidated net tangible
assets per share and consolidated earnings per share of the Company and the Group for the current
financial year ending 31 March 2014.
None of the Directors or controlling shareholders of the Company has any interest in the Transfer,
save for their interests arising by way of their shareholdings and/or directorships, as the case may be,
in the Company.
By Order of the Board
Low Weng Fatt
Managing Director and CEO
6 January 2014
anyone knows why this counter had drop over 3% today..
gooddrink ( Date: 18-Dec-2013 02:37) Posted:
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1) Does anyone know why the 2010
warrants they can hoard the 45 % but this time so good want to offer t retail
to get STUCK ?
" the fund raising objective of the
Company would not be achieved if the
substantial shareholders are to hoard
nearly 45% of the total available Warrants and they are not allowed
to exercise full conversion into shares
of the Company within the conversion period of the Warrants
without triggering a mandatory takeover obligation"
2) The last offered 2010 warrants conversion price is
$0.30 ---- Chasen say good discount -- now price drop from $0.50 to $0.12
recently.
3) Now trying to offer new warrants conversion price is
$0.12 --- Chasen say good discount --- (now share price $0.16)
4) If all offer 4 warrants for 10 shares are FULLY
converted at $0.12 / share --- Chasen would raised $14 million.
That means DILUTION,
about 100 million shares added to current 250 million --- share price will go
back to $0.12 or lower -- right ?
5) Chasen said they have $10 million cash now --- still
wants to get another $14 million --- WOW !
Share buybacks ---
they used them to reward themselves / employees for good performance ?
How is that good performance when share price drop from
$0.50 to $0.12 (2nd crash, go see chart for 1st crash)
I no finance trained --- any comments ? I want to learn.
Something not right.
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1) Does anyone know why the 2010
warrants they can hoard the 45 % but this time so good want to offer t retail
to get STUCK ?
" the fund raising objective of the
Company would not be achieved if the
substantial shareholders are to hoard
nearly 45% of the total available Warrants and they are not allowed
to exercise full conversion into shares
of the Company within the conversion period of the Warrants
without triggering a mandatory takeover obligation"
2) The last offered 2010 warrants conversion price is
$0.30 ---- Chasen say good discount -- now price drop from $0.50 to $0.12
recently.
3) Now trying to offer new warrants conversion price is
$0.12 --- Chasen say good discount --- (now share price $0.16)
4) If all offer 4 warrants for 10 shares are FULLY
converted at $0.12 / share --- Chasen would raised $14 million.
That means DILUTION,
about 100 million shares added to current 250 million --- share price will go
back to $0.12 or lower -- right ?
5) Chasen said they have $10 million cash now --- still
wants to get another $14 million --- WOW !
Share buybacks ---
they used them to reward themselves / employees for good performance ?
How is that good performance when share price drop from
$0.50 to $0.12 (2nd crash, go see chart for 1st crash)
I no finance trained --- any comments ? I want to learn.
Something not right.
I think management super greedy, no contingency plan and take retail investors as goondu.
