logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Forex Investor Insights Investment News Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back
First   1-20 of 51   Older>   Last  
Latest Forum Topics / China Paper  Post Reply

 Useful To Me  Not Useful To Me
Jackpot2010
Master
20-Apr-2012 21:59     
 
Jackpot2010 About Contact  Quote this Post!  
  x 0
  x 0


 Alert Admin


China Paper was replying to this letter:

PUBLISHED APRIL 18, 2012
LETTER TO THE EDITOR
SGX should be wary of approving rights issues

IT is alarming to note that some listed companies in the Singapore Exchange (SGX) are frequently calling for rights issues. One recent case in point is China Paper Holdings Ltd which is proposing a one-for-one rights issue at 3.6 cents, purportedly to raise money for business expansion.

Just two years ago, the same company had called for another rights issue for a similar purpose. The share price, which was trading at approximately 20-plus cents, dropped to about 10 cents. After this latest rights issue announcement, the share price has plummeted to about 4 cents. All this while, the company has been profitable and according to its financial reports, holds a fairly substantial amount of cash with net tangible assets worth close to 30 cents.

What is worrying is that this company could then engineer to take itself private at a pittance offer price, which would cause big losses for shareholders. One of the company's independent directors has just resigned. To protect shareholders, the SGX could perhaps be more circumspect before approving such indiscriminate calls for rights issues.

Leong Onn Kwong

 Useful To Me  Not Useful To Me
teeth53
Supreme
20-Apr-2012 21:34     
 
teeth53 About Contact  Quote this Post! Style: Flexible   Mood: happy
Yells: "don't learn through life, learn to grow with life "
  x 0
  x 0


 Alert Admin




Privatisation Speculations
The Board has enquired and Mr Chen Yong (Exe chairman of the Board and controlling shareholder of the Co) has represented that he has no intention to privatise the Co. The Board is also not aware of any privatisation intention by any other party.

Free me, and after. It coming soon...Happi Trading.
 Useful To Me  Not Useful To Me
freeme
Elite
03-Apr-2012 11:15     
 
freeme About Contact  Quote this Post!  
  x 0
  x 0


 Alert Admin


) tks,

 

btw when i say buy below 3.6c is after rights le..   hopefully

Jackpot2010      ( Date: 02-Apr-2012 11:50) Posted:



Some very good advice from Freeme (see his recent post below).

but i doubt px will fall below 3.6c (as suggested therein). otherwise this rights issue hv to be aborted, something unthinkable!  px did hit a low of 4.1c this morning down 32% from Fri closed.

taking it private is likely too, since its business is profitable plus ridiculously high NAV of Rmb 1.62 (S$0.33 per share) but roughly 60% of shares are being held by public, privatisation may take some time.

the alternative view is that its strong balance sheet is fake. having zero gearing may be bad news too, IF it is not rated credit-worthy by China Banks and unable to secure loans?

 Useful To Me  Not Useful To Me
teeth53
Supreme
02-Apr-2012 21:49     
 
teeth53 About Contact  Quote this Post! Style: Flexible   Mood: happy
Yells: "don't learn through life, learn to grow with life "
  x 0
  x 0


 Alert Admin
Oop..typo err...if it ever...and not if it even...

teeth53      ( Date: 02-Apr-2012 21:47) Posted:

Me, awaiting for timing, if it even fall below offer price - can buy abit to keep (small small interest only)

 Useful To Me  Not Useful To Me
teeth53
Supreme
02-Apr-2012 21:47     
 
teeth53 About Contact  Quote this Post! Style: Flexible   Mood: happy
Yells: "don't learn through life, learn to grow with life "
  x 0
  x 0


 Alert Admin
Me, awaiting for timing, if it even fall below offer price - can buy abit to keep (small small interest only)
 Useful To Me  Not Useful To Me
                                                         First   1-20 of 51   Older>   Last  



ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.