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Will PSC Corp pays you 35 cents if it closes down? Post Reply Rate topic
Bopanha Master	10-Apr-2012 14:12        Bopanha About Contact  Quote this Post!
x 0   x 0  Alert Admin	The company is buying back its shares and has been doing so for several days already.  Good sign. Invesotrs and market makers sometimes are crazy people.  I think they anyhow give value to shares according to their poistions or what? I just checked out on ChinaFlexible Packaging's NAV and found what I estimated earlier was correct.  The NAV for ChinaFlex is also quite near to PSC Corp's, about RMB 3.10, but CFP is doing at around 5 cents, pathetic.  To get the NAV, divide the net assets by the number of shares issued, you find that CHINAFLEX is grossly undervalued.
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Bopanha Master	09-Apr-2012 09:02        Bopanha About Contact  Quote this Post!
x 0   x 0  Alert Admin	PSC Corp to change its name to Hanwell, at least more auspicious.  PSC sounds in Hokkien like very difficult to  do until die, " pee ka ai see" .  Now the  proposed new name is much much better. Hanwell.  Handle well ?
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Bopanha Master	06-Apr-2012 18:44        Bopanha About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you dare to take great risk and hold longer term, there are China Flexible (NAV RMB 3.13 abt S$0.50) now trades at at 5 cents.   LionAPac (Group NAV S$0.29) now trades at below 20 cents.   Both are dividend paying counters. CE: Pls Do Your Own Research, don't trust me! Tomique      ( Date: 05-Apr-2012 16:51) Posted: Can you pls give one example? I want to buy some. AnthonyTan      ( Date: 05-Apr-2012 09:45) Posted: There are many stocks traded below their NTA and paid yearly very good dividends. Pl. check them out. This stock is no exception, ok.
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Tomique Master	05-Apr-2012 16:51        Tomique About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can you pls give one example? I want to buy some. AnthonyTan      ( Date: 05-Apr-2012 09:45) Posted: There are many stocks traded below their NTA and paid yearly very good dividends. Pl. check them out. This stock is no exception, ok.
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Bopanha Master	05-Apr-2012 09:57        Bopanha About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why like that?  Do Singapore investors really discount values yet pay high COEs? AnthonyTan      ( Date: 05-Apr-2012 09:45) Posted: There are many stocks traded below their NTA and paid yearly very good dividends. Pl. check them out. This stock is no exception, ok.
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AnthonyTan Elite	05-Apr-2012 09:45        AnthonyTan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "patience"
x 0   x 0  Alert Admin	There are many stocks traded below their NTA and paid yearly very good dividends. Pl. check them out. This stock is no exception, ok.
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Bopanha Master	05-Apr-2012 09:33        Bopanha About Contact  Quote this Post!
x 0   x 0  Alert Admin	I also hope your message will get into the blocked ears of the real Singapore investors, or better still hopefully,   the foreign investors Make $100 million dollars and still have a profitable company business to own.  Best of both worlds!  I get your points. Tomique      ( Date: 05-Apr-2012 09:25) Posted: O rich man, where are you?  This is once in a life time opportunity.  There is no gimmicks here, and there are no poliltical affinity or adversary  to consider in business.  Singapore is getting more and more transparently advanced.  So don't worry. Buy for share gains or buy for takeovers.  Check the free floats and still possible, unless the directors make it too expensive to buy the shares.  Limit is 35 cents to make  more than $100 million Singapore dollars.  Not enough money?  Get venture capitals to do it. Cheers.
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Tomique Master	05-Apr-2012 09:25        Tomique About Contact  Quote this Post!
x 0   x 0  Alert Admin	O rich man, where are you?  This is once in a life time opportunity.  There is no gimmicks here, and there are no poliltical affinity or adversary  to consider in business.  Singapore is getting more and more transparently advanced.  So don't worry. Buy for share gains or buy for takeovers.  Check the free floats and still possible, unless the directors make it too expensive to buy the shares.  Limit is 35 cents to make  more than $100 million Singapore dollars.  Not enough money?  Get venture capitals to do it. Cheers.
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Tomique Master	04-Apr-2012 16:56        Tomique About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, this kind of opportunity seldom comes. $100 million is not peanuts.  If I have the resources, I would be a fool not to seize this opportunity.  Furthermore it should be more than $100 million, but given some expenses, can be around the figure.  On top of this you get to own a profitable company.
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Bopanha Master	04-Apr-2012 16:38        Bopanha About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think some rich man is exploring the idea and calculating the potential of making easy money of SG$100 million.  Look he is buying quite something. Tomique      ( Date: 02-Apr-2012 10:47) Posted: PSC Corporation's battered share price will be history.  Now it Net Tangible Asset  per share is > $0.50 SGD, and its issued shares amt to 556,041,746 thus giving the company a capital value of $278 million. Total Assets as reported: $  438.285 million Total Liabilities reported  $124.802 million Net Equity as in books . $313.463 million Capital value                                  $278.00 million Profit or reserves of  ($313.463 less $278)=$35 million Market last traded price = 23 cents. If company turns private, and pays 35 cents, the cost is 35 cents X 556.042   million shares =   $195 million Huge profits will be made by the taker making him a fortune of more than SGD$100 million. So I think some guy will soon offer the public float and privatise the company for a $100 million dollar profit with not so much effort. chinton86      ( Date: 21-Mar-2012 20:29) Posted: One strong man?? Who u mean?
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settowin Veteran	03-Apr-2012 08:57        settowin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dear friends, after asking around I now change my outlook for this counter.  PSC Corp is definitely going the way to fade into the limelight like its distant cousin or nephew the historical INTRACO capitualted below and impotent. It best to shy away from this one as Chiton felt.
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Tomique Master	02-Apr-2012 10:47        Tomique About Contact  Quote this Post!
x 0   x 0  Alert Admin	PSC Corporation's battered share price will be history.  Now it Net Tangible Asset  per share is > $0.50 SGD, and its issued shares amt to 556,041,746 thus giving the company a capital value of $278 million. Total Assets as reported: $  438.285 million Total Liabilities reported  $124.802 million Net Equity as in books . $313.463 million Capital value                                  $278.00 million Profit or reserves of  ($313.463 less $278)=$35 million Market last traded price = 23 cents. If company turns private, and pays 35 cents, the cost is 35 cents X 556.042   million shares =   $195 million Huge profits will be made by the taker making him a fortune of more than SGD$100 million. So I think some guy will soon offer the public float and privatise the company for a $100 million dollar profit with not so much effort. chinton86      ( Date: 21-Mar-2012 20:29) Posted: One strong man?? Who u mean?
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chinton86 Veteran	21-Mar-2012 20:29        chinton86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	One strong man?? Who u mean?
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settowin Veteran	21-Mar-2012 19:52        settowin About Contact  Quote this Post!
x 0   x 0  Alert Admin	True, true. Super Group was so dulan that it chucked all the few hundred million shares back at the director   who passed to the wife.   If sold on the market, then leow lian loh.   PSC corp price could be battered even more severely.   Don't know what was going on, internal politics before. Now seems quieter with only one strongman and a few good followers, lol. Not much news coming out. chinton86      ( Date: 21-Mar-2012 17:38) Posted: Never hope for a hopeless thing...... If it will move, it should had moved in the past bull markets...... Dun every believe in book value....... See the future, not the past, not the present. If Super Group is dulan with it...
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chinton86 Veteran	21-Mar-2012 17:38        chinton86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Never hope for a hopeless thing...... If it will move, it should had moved in the past bull markets...... Dun every believe in book value....... See the future, not the past, not the present. If Super Group is dulan with it...
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settowin Veteran	21-Mar-2012 15:34        settowin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Mr. Chinton,  The counter has underperformed for so long, think if not mistaken 3 or 4 years already, though every year it tried its best to make money and did so. But the share price is dismal.  I think this open the way for me to think that there are two paths the company or its controlling director will take: 1.  Offer to buy back all the shares at betweeen 30 to 40 cents although currently the market is 20 cents last done.  If buying at market price of 20 cents will create hue and cry because it won't seem fair compared with the reported NTA per share. Thus there will be problem if no premium above market done price is given, so that's why I think 30 to 40 cents to shut the mouths of many big stakeholders. 2.  Use company extra idle cash to buy shares from the open market since it is less than half price.  The purchase will be recorded as treasury shares, and the company could cancel them or distribute them as dividends in the forthcoming years. The reasons for my analysis is that the shares being low priced is shattering the confidence of many people in PSC and many shareholders.  They will sure make so much noises that more directors have to resign if they could not take the rap for inefficiency reflected by share prices in the market. 20 cents....lol. chinton86      ( Date: 19-Mar-2012 19:34) Posted: Another resigned...Opps seems like a bad sign.... Looks like the next should be the CEO liao....haha...
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chinton86 Veteran	19-Mar-2012 19:34        chinton86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another resigned...Opps seems like a bad sign.... Looks like the next should be the CEO liao....haha...
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chinton86 Veteran	19-Mar-2012 16:06        chinton86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	More thorns ahead!
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Tomique Master	19-Mar-2012 14:51        Tomique About Contact  Quote this Post!
x 0   x 0  Alert Admin	Resignation by COO cum executive director, is it good or bad?  I know there are many people who disliked the management and shun away from buying PSC COrp shares.  Now with one of " thorn in their flesh" not there, will they rethink and start to invest in this counter?  It looks cheap.
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Tomique Master	17-Mar-2012 15:55        Tomique About Contact  Quote this Post!
x 0   x 0  Alert Admin	After Meiban, PSC Corp might inspire another privatization process.   This time it worth more, with its NTA per share at around 50 cents.   Market price previous 5 sessions less than 20 cents after two years of slashing by shortists. If they offer they probably will give you 25 cents and make the multi-million dollars easily. What can a small investor say. Cry only...cry heaven cry earth. (koo tian koo tee). LMFAO...
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