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Any info on this counter?
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frankauerbach
Member |
28-Jan-2007 00:45
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is there nothing that sgx can do to stop indofood from granting such generous discounts in the opening price to the detriment of existing shareholders? |
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AhBear
Member |
26-Jan-2007 00:14
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ditto info for those still holding on :P |
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AhBear
Member |
25-Jan-2007 15:31
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In the company circular, it states that there is a 10 to 1 consolidation of the shares together with a capital reduction. They only guarantee that the placement price for the new share is from at least $0.75.. http://202.66.146.82/listco/hk/firstpac/announcement/a061122.pdf Take care.... |
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frankauerbach
Member |
25-Jan-2007 11:30
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just got my 1.5k dividend for my 30 lots, but not sure what will happen when it starts trading as indofood. could someone kindly shed some light as to the possible opening price of indofood? |
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singaporegal
Supreme |
23-Jan-2007 21:56
Yells: "Female TA nut" |
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Yes, you're right. Its on a pretty steep downtrend. |
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iPunter
Supreme |
23-Jan-2007 15:27
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This one appears to be in the midst of downtrending. There must be something to it. |
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Theresa
Member |
23-Jan-2007 11:05
Yells: "I am still learning ......" |
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Goodness, I bought this counter @ 0.395 for 25 lots and now this counter keeps going down. It does not stable at a certain level.
Should I cut lost or patiently waiting for awhile. |
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starlet
Member |
19-Jan-2007 02:06
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Checked with my broker, as long as u buy the share during CE, you will get the entitlement, regardless of when u sell. |
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Theresa
Member |
18-Jan-2007 13:51
Yells: "I am still learning ......" |
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What do you mean by capital reduction? When will it be?
If there is a capital reduction, how will the shares be distributed?
Once capital reduction is confirm, what abt the price?
Can anyone tell me abt this counter? I juz bought 25 lots yesterday.
Thank you
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frankauerbach
Member |
10-Jan-2007 00:47
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Bought 25 lots at 44 cents. what would capital reduction do to the share price and will i be entitled to the 5 cents cash distribution if i hold on to the shares till end of Jan? |
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heatseeker
Member |
03-Jan-2007 11:45
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How, any news update on this ctr? Poss to go in still? |
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AhBear
Member |
28-Dec-2006 12:47
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Which date does the counter consider shareholder's eligibility for Cash Distribution ? Is it 4 Jan, 10 Jan or 12 Jan? |
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compass
Member |
27-Dec-2006 20:57
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"consolidation 10 into 1 means theoritcal 'x rights' price is $4.00. Now compared to Wilmar's theoritical 'x-rts' price of $2.12. dif is Wilmar are straight into palm oil biz where else this one is in 3 mins noodle mee plus others consumer pdts. Smart desk traders' play to ram from 0.20 to today's price. Last one carrying it-you look after your ownself hor." my humble apology for being cock-eyeed this morning. Typo error here. Wilmar's RTo price was around 8 to 9 cts as compared to ISG's 3odd cts. On 'x-rts' basis Wilmar is now doing $21.30 (2.13 x 10 into 1 share). This one is $4.10 (0.41 x 10 into 1 share). Seen how van der horst, likes of amcol, abr, asia matrix, afp, golden agri being rammed higher high, not surprise this one share the same pattern. ie indonesian syndicates. make sure one is not the last carrying it. |
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fruitty
Senior |
27-Dec-2006 16:45
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hi fenizz, thanks and i can only blame myself for my folly and should have known what i can stomach and not. the consolidation bit is worrying as current price is pretty high. and yes, comparing it to Wilmar, it may just worth be a quarter of its price. too much uncertainty for me to stomach... |
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kanegan
Member |
27-Dec-2006 16:37
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The RTO is nothing new with the plan being announced in Aug. The cash entitlement has been announced for weeks too and the price had (or so I thought) already risen accordingly. Why the sudden interest when there was none for months? I was vested at .245 since Aug and took my profits last week when I saw that one of the substantial shareholders kept reducing his stake. Has something changed? |
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fenizz
Member |
27-Dec-2006 15:52
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this 1 is oso in palm oil business too but not primary into it. BUt who knows after the take over it might change. Before the take over complete..this counter still have room to go hopefully... sorri to hear bout ur loss but this counter for mid term is ok. Day trade not advisable...When i bought at .325 it went back to .29 the next day. Im gald tat i hold. Good luck to all those vested n hope this will hit 60c come jan... cheong all~~~ |
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fruitty
Senior |
27-Dec-2006 12:20
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made a loss of $500 and exit.. |
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fruitty
Senior |
27-Dec-2006 10:18
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regretted very much...bought it this morning at 0.42....trying to get rid of it now... |
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compass
Member |
27-Dec-2006 10:11
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consolidation 10 into 1 means theoritcal 'x rights' price is $4.00. Now compared to Wilmar's theoritical 'x-rts' price of $2.12. dif is Wilmar are straight into palm oil biz where else this one is in 3 mins noodle mee plus others consumer pdts. Smart desk traders' play to ram from 0.20 to today's price. Last one carrying it-you look after your ownself hor. |
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wonderfulday
Member |
27-Dec-2006 09:45
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Announcement by City Axis
Singapore: 26 December 2006 The Board of CityAxis Holdings Limited (the ?Company?) refers to the capital reduction exercise (the ?Capital Reduction?) by the Company and capital distribution (the ?Capital Distribution?) of S$0.05 in cash for each ordinary share in the capital of the Company (?Share?). All capitalised terms used and not defined herein shall have the same meanings given to them in the Company?s circular to Shareholders dated 28 September 2006 (the ?Circular?) in relation to, inter alia, the Capital Reduction and the Cash Distribution. Confirmation of the Capital Reduction As previously announced by the Company, the Capital Reduction was approved and confirmed by the High Court of Singapore on 19 December 2006. The Capital Reduction will become effective upon lodgement of a copy of the Order of Court confirming the Capital Reduction with the Registrar of Companies and Businesses of Singapore together with the other documents prescribed under the Companies Act, Chapter 50 of Singapore. The Company intends to lodge the said Order of Court together with such other documents as prescribed on 12 January 2007. Notice of Books Closure Notice is hereby given that the Transfer Books and Register of Members of the Company will be closed from 5.00 p.m. on Friday, 12 January 2007 (the ?Books Closure Date?) for the purpose of determining Shareholders? entitlements to the Cash Distribution. Administrative Procedures for the Capital Reduction and Capital Distribution (a) Books Closure Date. Persons registered in the Register of Members of the Company and Depositors whose Securities Accounts are credited with Shares as at the Books Closure Date will be entitled to receive the Cash Distribution of S$0.05 for each Share held as at such Books Closure Date. Persons registered in the Register of Members of the Company and Depositors whose Securities Accounts are credited with Shares as at the Books Closure Date will be considered for purposes of the Capital Reduction and the Capital Distribution on the basis of the number of such Shares registered in their names or standing to the credit of their Securities Accounts as at the Books Closure Date. Registrable transfers (in respect of Shares not registered in the name of CDP) together with all relevant documents of title received by the Company?s Share Registrar, Lim Associates (Pte) Ltd, at 3 Church Street, #08-01 Samsung Hub, Singapore 049483, up to 5.00 p.m. on the Books Closure Date will, subject to the Articles of Association of the Company, be registered to determine the Shareholders entitled to the Cash Distribution. The last date and time of ?cum? trading of Shares (registered in the name of CDP) is Tuesday, 9 January 2007 at 5.00 p.m. Shareholders should note that Shares traded from 9.00 a.m. on Wednesday, 10 January 2007 will not be entitled to the Cash Distribution. (b) Transfer of Shares to CDP by Shareholders holding Scrip Shares. Shareholders who hold Shares registered in their own names in the Register of Members of the Company and who wish to deposit their Shares with CDP prior to the Books Closure Date must deliver their existing share certificates in respect of their Shares, together with the duly executed instruments of transfer in favour of CDP, by Thursday, 4 January 2007 in order for their Securities Accounts maintained with CDP to be credited with the relevant Shares prior to the Books Closure Date. CDP will not accept any further deposit of share certificates in respect of Shares from Friday, 5 January 2007 to the Books Closure Date (both dates inclusive) for the purpose of the Capital Reduction and Capital Distribution. (c) Payment of the Cash Distribution. Payment of the Cash Distribution pursuant to the Capital Reduction will be made in the following manner: (i) Shareholders holding Scripless Shares Shareholders who are Depositors and who have Shares standing to the credit of their Securities Accounts as at the Books Closure Date will have the cheques for payment of their respective entitlements to the Cash Distribution under the Capital Reduction despatched to them by CDP by ordinary post at their own risk on or about 23 January 2007. Alternatively, such Shareholders will have payment of their respective entitlements to the Cash Distribution under the Capital Reduction made in such other manner as they may have agreed with CDP for the payment of dividends or other distributions on or about 23 January 2007. (ii) Shareholders holding Scrip Shares Shareholders whose Shares are registered in the Register of Members of the Company as at the Books Closure Date will have the cheques for payment of their entitlements to the Cash Distribution under the Capital Reduction despatched to them by ordinary post at their own risk on or about 23 January 2007. Relevant Events and Dates Shareholders should take note of the following timetable which sets out the relevant expected dates and times of various events leading to the payment of the Capital Distribution:- Event Date Last day to deposit old share certificates with CDP : 4 January 2007 Last date and time of ?cum? trading of Shares : 9 January 2007, 5.00 p.m. Commencement of ?ex? trading of Shares : 10 January 2007, 9.00 a.m. Books Closure Date : 12 January 2007, 5.00 p.m. Expected payment date for the Cash Distribution : 23 January 2007 Shareholders to Exercise Caution when Dealing in Shares. In the meantime, the Company advises that Shareholders exercise caution when dealing in their Shares. Shareholders should refrain from taking any action in respect of their Shares which may be prejudicial to their interests. By Order of the Board |
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