Latest Forum Topics / Lion Asiapac Last:0.28 -- | Post Reply |
Limestone Can Make Monies?
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ROI25per
Master |
23-Nov-2009 16:18
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halted. same old news? |
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lawcheemeng
Master |
12-Nov-2009 10:47
Yells: "fly me to the mooon" |
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BETTER distribute some of the money to share holder than to keep bidding up the take over lah.... | ||||
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lawcheemeng
Master |
12-Nov-2009 10:45
Yells: "fly me to the mooon" |
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SO WAT NEXT R THEY GOING TO RAISE THE BID??????Polaris Metals Email Newsletter Header Image Polaris Board Recommends Improved Mineral Resources Offer The Board of Polaris Metals NL (“Polaris”) (ASX : POL) has considered the competing takeover offers for the company by Mineral Resources Limited (“Improved Mineral Resources Offer”) and Lion-Asia Resources Pte. Ltd. (“Lion-Asia Offer”). Under the Improved Mineral Resources Offer, Polaris shareholders will receive one Mineral Resources share and $0.50 cash for every 10 Polaris shares . Under the proposed Lion-Asia Offer, subject to certain conditions, Polaris shareholders would receive $0.70 cash per share. The Polaris board considers the value provided under the Improved Mineral Resources Offer to be superior to the proposed Lion-Asia Offer. The Board recommends that shareholders reject the proposed Lion-Asia Offer and accept the Improved Mineral Resources Offer, in the absence of a superior proposal. To reject the proposed Lion-Asia Offer, shareholders should simply ignore all correspondence in relation to that offer. Relevant considerations The Board has carefully considered the merits of each offer and, notwithstanding the fact that a substantial proportion of the value of the Improved Mineral Resources Offer is in the form of scrip, and therefore may change with movements in market prices, considers the Improved Mineral Resources Offer to represent the superior alternative for shareholders. Based on the closing price of Mineral Resources shares on ASX on 11 November 2009 of $6.85, the implied value of the Improved Mineral Resources Offer is $0.735 per Polaris share, a premium of 5.0% to the proposed Lion-Asia Offer. Based on the 5-day VWAP of Mineral Resources shares to and including 11 November 2009 of $6.80, the implied value is $0.73 per Polaris share, a premium of approximately 4.3% to the proposed Lion-Asia Offer. Other potential benefits of accepting the Improved Mineral Resources Offer and receiving Mineral Resources shares, as outlined in previous announcements to ASX, continue to apply and have also been considered by the Board. The proposed Lion-Asia Offer is subject to a number of conditions, including a non-waivable minimum acceptance condition. The Improved Mineral Resources Offer is unconditional, meaning that Polaris shareholders who accept that offer are assured of receiving the consideration due to them under that offer. Offer to Optionholders Further information will be provided to Polaris optionholders in due course, following clarification of Mineral Resources’ intentions in relation to the Polaris options. Polaris optionholders should take no action, pending receipt of the Board’s formal recommendation. Current status As at 30 October 2009, the date of its last offer extension, Mineral Resources disclosed a relevant interest in 31.72% of Polaris shares through acceptance of its share offer, meaning that Mineral Resources will, following processing of acceptances, become the largest shareholder in Polaris. As at the same date, Mineral Resources also disclosed a relevant interest in 27.87% of Polaris options. The Mineral Resources offer is currently scheduled to close on 25 November 2009, unless extended. Shareholders should note that as the Improved Mineral Resources Offer has been declared unconditional, the offer may be extended at any point until the closing time for the offer. Polaris shareholders who have previously accepted the Mineral Resources offer will receive the increased consideration provided under the Improved Mineral Resources Offer. Polaris is unable to advise when the Lion-Asia Bidders Statement will be lodged. It is a requirement of the Corporations Act that Lion-Asia dispatch its offers to shareholders on or before 6 December 2009. Polaris shareholders should monitor the trading price of Polaris shares on the ASX and consider seeking professional advice concerning their personal circumstances. Level 2, 1109 Hay Street | ||||
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lawcheemeng
Master |
30-Oct-2009 12:19
Yells: "fly me to the mooon" |
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latest ann on sgx.......click | ||||
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lawcheemeng
Master |
23-Oct-2009 18:34
Yells: "fly me to the mooon" |
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just read for other forum.....wat they say is rite......shld vote against the take over ....and distribute the cash as special D......
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lawcheemeng
Master |
23-Oct-2009 17:44
Yells: "fly me to the mooon" |
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if got coporate raider sure buy over compy than gobble up the 100over million by distribute out to all share holder..instead of buying over the polaris share......actually not a bad idea hor.........405 million share only....x .345= $140 million distribute 100 over million still got the company...hehehehe....worth the trouble.........
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lawcheemeng
Master |
23-Oct-2009 09:06
Yells: "fly me to the mooon" |
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almost complete selling it stake in the china compy....reaping in RMB 651 million in cash.......yes COLD CASH amt to 100 over million sing$$$$. | ||||
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lawcheemeng
Master |
20-Oct-2009 11:17
Yells: "fly me to the mooon" |
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after the initial buy up with high vol.....slowly shld see this moving up to the mid 40cts range......than....when potential realise......fly me to the mooon. | ||||
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lawcheemeng
Master |
20-Oct-2009 07:47
Yells: "fly me to the mooon" |
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even the buy over not sucessful....wat happens,,,,,hehehe ...a wopping of at least 60cts cash in hand per share......if deul go tru....than wait for 2 yrs...to slowly realise the mining potential........Buy n hold | ||||
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tkimcs
Member |
19-Oct-2009 22:27
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yes, increased bid for takeover target Polaris Metals by A$0.10 (S$0.13) per share to 70 cents per share. this is part of of a rush of deals taht are focused on Australian companies with early-stage iron ore projects, according to Today. | ||||
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lawcheemeng
Master |
19-Oct-2009 09:30
Yells: "fly me to the mooon" |
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find out more abt the aust.mining compy ......you will be in for a surprise......once unlock the value ,,,,,hehehehe | ||||
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hsbhsb
Member |
17-Oct-2009 12:12
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the stock has reached 36 cts - which was Kim Eng's target 2 years ago! maybe got more upside as a lot of cash has been generated by the sale of AJA stake by Lion Asiapac. i think it's 26 cts a share, not counting the 16 cents a share on the balance sheet as of end-June. U see this article http://www.nextinsight.com.sg/content/view/1597/60/ |
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spurs88
Senior |
28-Jun-2007 12:47
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KimEng targets $0.36 this morning!!!!!!!!!CHEONG AH!!!!!!!! Lion Asiapac Hidden value in Chinese auto play The lion?s appetite for lime Since our last update, LAP has almost completed the disposal of its motorcycle businesses in China which were beginning to face declining profits. The company found a new focus in the production of quicklime - a purifying agent commonly used in steel manufacturing. LAP?s limestone processing plant in Banting commenced trial production in Apr 07 with a capacity of 215k tpa, making it the single largest plant in Malaysia. Possible plans for expansion include backward integration involving the purchase of a quarry, which will give it better margins. Subsequently, LAP may also diversify into the production of high quality quicklime used in water treatment, as it offers more lucrative returns. Volatile earnings for remaining businesses Although subsidiary Advent Electronics expects FY07 revenue to outperform last year?s $70m, bottomline profits will be lower than FY06?s due to higher provisions for inventory obsolescence. Given its competitive operating environment, margins for the business remains at ~3-4%. In our view, the earnings trend will continue to fluctuate as it is largely dependent on the number of projects secured. On the new automotive component trading unit, we see a possible slowdown in 2H earnings while LAP irons out technical issues involving the conversion of parts from left to right-hand drive to cater to the Malaysian market. Anhui Auto stake is worth $0.325 per share LAP owns a 6.16% stake (66m shares) in Anhui Jianghuai Automobile Co. (AHJA), which is listed on the Shanghai bourse. At RMB10.02, this investment has a market value of S$132m ($0.325 per LAP share) or 145% of LAP?s entire market cap; meaning that investors will be getting LAP?s other businesses for free. We also view LAP as a cheap proxy to the booming Chinese automobile market. AHJA?s 21x FY07 IBES consensus P/E compares favourably to its more expensive peers? 19x-75x. Deep discount to SOTP value, Upgrade to BUY with $0.36 TP Using SOTP valuation, we have included S$132m for its 6.16% stake in AHJA, 2) share of proceeds from sale of Zhejiang Victor Motorcycle and 3) the group?s strong net cash position of $39m. We also abscribed a conservative 5x P/E to our earnings forecasts for LAP?s limestone, electronics and trading businesses. After taking into account the dilutive effects of LAP?s outstanding warrants, we derive a fair value of $0.36. This gives a compelling 60% upside potential for a grossly undervalued stock which offers significant hidden value and indirect exposure to China?s fast growing automotive
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w6m9hi
Senior |
28-Jun-2007 11:42
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smeone cal to buy....say that sake in Anhui Motor already worth 32cts? actually tis company been china for long time..... anyone know tis stock? |
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singaporegal
Supreme |
02-May-2007 20:23
Yells: "Female TA nut" |
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Very low volume counter... this one is not good for trading. Buy for strong FA reasons only. | ||||
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sohguanh
Veteran |
02-May-2007 16:41
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Company venture in new business to do limestone of which it's ingredient is used in steel making. With ban on sand and the move towards steel and metal, will it spell opportunities for LionAPac if their limestone is demanded by steel makers? Hmmmm..... | ||||
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