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841-860 of 949
Fast in fast out. Later one more round.
DuoLuckDuo ( Date: 13-Jun-2022 09:45) Posted:
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short at own risk! bull power
Congrats! 👏 🏽
ThankYou ( Date: 13-Jun-2022 09:29) Posted:
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Can buy back at 6. I earn $600 also
eric998 ( Date: 13-Jun-2022 09:15) Posted:
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Shortist attack and profit taking...
Another batch at 63.. small kopi money..
eric998 ( Date: 13-Jun-2022 09:07) Posted:
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Cheers to all who believe and Long since last Fri. OTOT... Take caution....
shortist win or lose today?
thanks, shorted 61 play a bit..
ThankYou ( Date: 13-Jun-2022 08:59) Posted:
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Wait for more push up than short
ThankYou ( Date: 13-Jun-2022 08:59) Posted:
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swee bo break 60! 70 come
If I were you I would Short small 50k will do. Go up short more.
eric998 ( Date: 13-Jun-2022 08:49) Posted:
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Now queuing starts at 53/54. Will wait for 30 mins for clearer direction.
can short?
DuoLuckDuo ( Date: 13-Jun-2022 07:09) Posted:
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Wonder why the high surge when the news (disposal of subsea) doesn' t seems spectacular 🤔
Mencast response to Sgx query thsi evening at Sgx announcement website :
https://links.sgx.com/1.0.0/corporate-announcements/8NQLPINYOEOFIEYB/79105ec91162e505dfd1a9224628ae8d811057d7b009ca00fae6e24c71824fb9
1 MENCAST HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company registration no.: 200802235C) (the &ldquo Company&rdquo ) RESPONSE TO QUERIES FROM THE SINGAPORE EXCHANGE REGULATION PTE. LTD. (&ldquo SGX REGCO&rdquo ) REGARDING TRADING ACTIVITY The Board of Directors (" Board" ) of Mencast Holdings Ltd. (" Company" and, together with its subsidiaries the &ldquo Group&rdquo ) refers to the queries raised by SGX RegCo relating to the unusual volume movements in the Company&rsquo s shares on 10 June 2022. The Company sets out below its response to the queries raised by SGX RegCo:
Question 1 Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples. - If yes, the information shall be announced immediately.
Company&rsquo s response The Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which might explain the trading on 10 June 2022. For completeness, reference is made to the announcement by the Company on 10 June 2022 in relation to the entry by the Company, on 10 June 2022, into a sale and purchase agreement (the &ldquo SPA&rdquo ) for the disposal of the Company&rsquo s entire stake in Mencast Subsea Pte. Ltd., a wholly owned subsidiary of the Company. For avoidance of doubt, this announcement was made on the same day as the entry by the Company into the SPA, after trading hours.
Question 2 Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.
Company&rsquo s response The Company is not aware of any possible explanation for the trading.
Question 3 Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?
Company&rsquo s response The Company confirms its compliance with the listing rules, in particular, Mainboard Rule 703. 2 BY ORDER OF THE BOARD SIM SOON NGEE GLENNDLE Executive Chairman & Chief Executive Officer 12 June 2022
https://links.sgx.com/1.0.0/corporate-announcements/8NQLPINYOEOFIEYB/79105ec91162e505dfd1a9224628ae8d811057d7b009ca00fae6e24c71824fb9
1 MENCAST HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company registration no.: 200802235C) (the &ldquo Company&rdquo ) RESPONSE TO QUERIES FROM THE SINGAPORE EXCHANGE REGULATION PTE. LTD. (&ldquo SGX REGCO&rdquo ) REGARDING TRADING ACTIVITY The Board of Directors (" Board" ) of Mencast Holdings Ltd. (" Company" and, together with its subsidiaries the &ldquo Group&rdquo ) refers to the queries raised by SGX RegCo relating to the unusual volume movements in the Company&rsquo s shares on 10 June 2022. The Company sets out below its response to the queries raised by SGX RegCo:
Question 1 Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples. - If yes, the information shall be announced immediately.
Company&rsquo s response The Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which might explain the trading on 10 June 2022. For completeness, reference is made to the announcement by the Company on 10 June 2022 in relation to the entry by the Company, on 10 June 2022, into a sale and purchase agreement (the &ldquo SPA&rdquo ) for the disposal of the Company&rsquo s entire stake in Mencast Subsea Pte. Ltd., a wholly owned subsidiary of the Company. For avoidance of doubt, this announcement was made on the same day as the entry by the Company into the SPA, after trading hours.
Question 2 Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.
Company&rsquo s response The Company is not aware of any possible explanation for the trading.
Question 3 Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?
Company&rsquo s response The Company confirms its compliance with the listing rules, in particular, Mainboard Rule 703. 2 BY ORDER OF THE BOARD SIM SOON NGEE GLENNDLE Executive Chairman & Chief Executive Officer 12 June 2022
Would not be surprised it ll gap up instead dad at his stage is a undervalued penny and BBS ll attempt to collect more to bring it to the price to align with their restructuring plans.. I ve minimal interest but ll be happy to collect more if it open down to 53 and below....
DuoLuckDuo ( Date: 12-Jun-2022 10:20) Posted:
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DJI down 880 points, hope it wouldn' t have too much negative impart on the upwards trajectory of this undervalued stock tomorrow.
As the saying goes 无 风 不 起 浪 (no waves without wind), BBs knows what we do not know... you think is free and cheap to pump up like that...restructuring in process .. something is brewing... haha next Monday sit and watch BB show.. 😎
Joelton ( Date: 11-Jun-2022 09:41) Posted:
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Mencast Holdings' 50% share price spike triggers SGX query
The Singapore Regulation (SGX RegCo) has issued a query to Mencast Holdings after the company&rsquo s shares closed 1.9 cents higher or 50% up at 5.7 cents on June 10.
Shares in the company climbed steadily before reaching an intra-day high of 5.7 cents. The share price was also among the highest since July 2021.
In the query, the market regulator noted the company&rsquo s &ldquo unusual volume movements&rdquo and asked it to confirm its compliance with the listing rules.
SGX RegCo had also asked Mencast to reveal any information that could possibly explain the trading.
Shares in Mencast were the second-most heavily traded on the Singapore Exchange (SGX) on June 10 with 56.3 million shares changed hands.
While the company has yet to issue an explanation, it did, on the same day, reveal that it would be disposing of its entire stake in its subsidiary Mencast Subsea for a consideration of $2.1 million.
Mencast Subsea is the holding company of Unidive Offshore Private Limited and Unidive Marine Services (Malaysia) Sdn Bhd. Mencast Subsea and Unidive Malaysia are both mainly in the business of commercial diving, underwater repair and maintenance for ships, tankers and other ocean-going vessels. Unidive Singapore presently has no operations and is inactive
The purchasers of the stake in Mencast Subsea are Time Marine Engineering Pte. Ltd., who will be purchasing a 97% stake in Mencast Subsea, and Chen Rongxiang Jeremiah Charles, who will be purchasing the remaining 3% stake.
Chen is a manager with Mencast Subsea. The purchase was made in his personal capacity and for private investment purposes.
According to Mencast, the sale companies have highly labour intensive business operations and &ldquo require a high degree of specialized skillset, especially in commercial diving, and accordingly higher staff costs&rdquo .
&ldquo Our group has been constantly monitoring its cost components in its endeavour to contain its cost structure, and staff cost is one such major component. The proposed disposal is expected to reduce the group&rsquo s headcount by approximately 14% which is in line with the group&rsquo s plan to reduce its reliance on intensive labour and resulting in a leaner cost structure,&rdquo reads the statement dated June 10.
In addition, the sale companies have not been generating revenue growth since FY2017, with revenue ranging from between $4.9 million to $6.1 million in the past five years.
&ldquo Our group does not expect an improvement in the operating environment of the sale companies, and is of the view that the current inflationary environment, tight labour market and increases in utilities and fuels will lead to higher running costs which is not sustainable by the current level of revenue of the sale companies,&rdquo says Mensea.
&ldquo The proposed disposal will allow the group to streamline its business structure, reduce its fixed operating costs and minimise and/or arrest future losses,&rdquo it adds. &ldquo The proposed disposal will also enable the group to free up its resources and capital for allocation to its other profitable operations and towards satisfying its debts.&rdquo