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watch out for mdr
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dingbat
Senior |
12-Mar-2013 07:07
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Gufeng, Do you think it will  hit 0.014 today or recover? Want to re-enter but dunno if kateks will rule today. |
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knightrider
Elite |
11-Mar-2013 14:10
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Yes, someone did sell short and force to buy back by SGX : Buying-In Securities on March 11, 2013 HP NAME QUANTITY Adv Sys 186,667 CITYDEV 1,000 CarrierNet 61,000 ChinaTaisan 65,000 CoscoCorp 2,000 DBS 6,489 DBXT AUDBonds 5AU$ 20 Equation 90,000 Far East HTrust 1,000 Frasers CommCPPU 500 20,000 Fu Yu 2,000 GSH Corp 200,000 GoldenAgr 10,000 Goodland 9,000 ICP 8,000 Innopac 10,000 Interra Res 30,000 JSH 500US$ 500 Jardine C& C 715 K-Green 400 Kep Corp 60,000 KepLand 2,000 Koh Bros 3,000 MDR 250,000 MIDAS 10,000 Ntegrator 50,000 OCBC Bk 95,000 Oceanus 50,000 Popular 35,000 QAF 20,000 RafflesMG 3,000 Rowsley 55,000 SGX 5,000 SIA 2,000 San Teh 40 SingTel 10 25 SunVic 20,000 THBEV 10,000 UETF SSE50China100 3,000 UOB 2,000 UOL 52 WE Hldgs 9,330,000  |
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knightrider
Elite |
11-Mar-2013 12:00
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Xiang90
Senior |
09-Mar-2013 00:49
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=x ok boss! shall see the action in e nx trading day :D |
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gufeng
Senior |
09-Mar-2013 00:12
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Dont say lah!!...let them buy high later..help to push up price...hahaha
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Xiang90
Senior |
09-Mar-2013 00:02
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should buy while its cheap than??? =D | ||||||||||
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yummygd
Supreme |
08-Mar-2013 23:16
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Starter can ba ba liao main course come we all explode ..
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gufeng
Senior |
08-Mar-2013 23:11
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Bear in mind, this 2 biz is only the starter. The main course not served yet.  Huat Ah those vested! | ||||||||||
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yummygd
Supreme |
08-Mar-2013 22:59
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All i know we bet right currently. Mdr is run by a smart smart man. | ||||||||||
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Bluemanta
Member |
08-Mar-2013 22:57
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yes now i see why it's end 2015. thanks. by then mdr could have the cash and not have to issue shares to pay for the acquisition already, since they are issuing shares only in the event of insufficient cash according to the announcement. | ||||||||||
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gufeng
Senior |
08-Mar-2013 22:46
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I believe payment at end of 2015 because for  the 3rd phase Quanli have to ensure min profitability of 15million RMB for 2013-2015. This will ensure they make money and not sell and run off. I think quite common also when company issue right issue, share price will drop a bit. hahaha  
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Bluemanta
Member |
08-Mar-2013 22:34
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i think the 3rd stage payment should be end of this year. i also feel that the drop in mdr share price these few days seem very contrived, like drop for no reason. maybe it's really intentional in order to complete this deal, so that it is attractive to Quanli? like that also can meh??   | ||||||||||
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rayyeo
Senior |
08-Mar-2013 22:34
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Short term - think it will exert some pressure on the share price (becoz fund aquisition) Mid-long term - think it is going to benefit the share price (becoz both companies making profit which will add to their FY and in particular will be venturing into myanmar with their diversify business.) Correct if I'm wrong | ||||||||||
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gufeng
Senior |
08-Mar-2013 22:09
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Mdr should be able to pay cash for this 2 biz..the 3rd phase payment is after 3 years so no worry. | ||||||||||
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Bluemanta
Member |
08-Mar-2013 22:09
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any gurus to help illuminate the implications of the announcement? it seems to me that the acquisitions will potentially increase earnings per share by 50% based on the earnings results of the 2 companies in 2012, despite 2012 being a bad year? | ||||||||||
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Xiang90
Senior |
08-Mar-2013 21:58
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it feels like mdr themselves suppress their share's value to 0.016 to do this deal. o.O is it?  | ||||||||||
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Bluemanta
Member |
08-Mar-2013 21:44
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Extracted from the announcement:   Upon satisfaction of all the conditions precedent under the Third Stage, the balance payment of the Consideration (“Last Instalment”) shall be paid in the following manner:-(1) an amount in cash equivalent to the appraised value of the assets and businesses transferred under the Onshore Transfer Agreements (“Last Instalment Cash Amount”) and (2) the remaining amount (being the Consideration less the First   Instalment, Second Instalment and the Last Instalment Cash Amount), if any, shall be satisfied by way of the Company issuing ordinary shares in its paid-up capital (“Consideration Shares”) to either Quanli SZ or Quanli HK. The issue price of the Consideration Shares shall be S$0.016, being the volume-weighted average price of the Company’s shares for trades done on the Singapore Exchange Securities Trading Limited (“SGX”) for the full market day immediately prior to the execution of the Framework Agreement. The 6 Consideration Shares shall be issued pursuant to the general share issue mandate of the Company. this sounds like they are using their current cash first, and only if necessary issue shares at $0.016 to pay up the rest of the acquisition. am i right? will this continue to exert downward pressure on mdr's share price. it's currently at 0.016-0.017 already. |
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gufeng
Senior |
08-Mar-2013 21:37
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This 2 aquisition will give Mdr at least additonal $3 million profit per year.  It is the potential of this  2 biz to be expanded to Singapore and Myanmar market that is mouth watering.  More good news will come in.   | ||||||||||
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gufeng
Senior |
08-Mar-2013 21:29
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Mr Philip Eng, Chairman of mDR commented “mDR is entering a new phase of its growth and developments with the acquisitions of these two ongoing and profitable businesses. We are confident that mDR, together with the assistance of the experienced key personnel at Quanli and Pixio, will bring these respective businesses to even greater heights. They will have easier access to more working capital to expand its operations which is currently small and profitable. For example, Quanli can grow its online business in both China and international markets, and Pixio can extend its range of services in Malaysia and explore operations beyond Malaysia, in particular Singapore and Myanmar. | ||||||||||
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gufeng
Senior |
08-Mar-2013 21:12
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    So my suspicion is correct, the price was pressed down probably due to this. They are paying by issuing shares. (2) the remaining amount (being the Consideration less the First Instalment, Second Instalment and the Last Instalment Cash Amount), if any, shall be satisfied by way of the Company issuing ordinary shares in its paid-up capital (“Consideration Shares”) to either Quanli SZ or Quanli HK. The issue price of the Consideration Shares shall be S$0.016, being the volume-weighted average price of the Company’s shares for trades done on the Singapore Exchange Securities Trading Limited (“SGX”) for the full market day immediately prior to the execution of the Framework Agreement. The |
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