Latest Forum Topics / STATS ChipPAC | Post Reply |
StatsChP Q3 earnings
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victorf
Master |
30-Dec-2009 12:34
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someone asked me about this counter....wow, it is a long way since 2007 when i sold all for very good profit (80%) within 2 months (call to buy in Jan 2007 and sold in March 2007)....i have no comment and no right to comment on this counter as it is already two years since i sold my last position and not monitoring it....hope to find similar counters in year 2010....good luck :)
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tradersgx
Veteran |
14-Nov-2009 00:57
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commando
Veteran |
16-Oct-2008 15:51
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I bought at $1 and holding till now. Temasek din do anything to keep the share price up. :( | ||||||||||||||||||||
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jackjames
Elite |
06-Oct-2008 08:28
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of course they will try their best to press down the price as to the lowest as possible.. why they want to push up the price and takeover? the best scenario, they will tell you, okay, I will takeover everything with 10% higher than the market price now..
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commando
Veteran |
06-Oct-2008 08:26
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When is Temasek going to make it private? The share price is quite low already. Still wating for the capital reduction. Wonder how much I will be getting......Anyone | ||||||||||||||||||||
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commando
Veteran |
22-Sep-2008 19:06
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Now it is coming! Money!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
STATS ChipPAC Ltd. (Incorporated in the Republic of Singapore) Company Registration No. 199407932D A N N O U N C E M E N T PROPOSED CAPITAL REDUCTION The Board of Directors (the " The Capital Reduction is subject to certain conditions as set forth in its aforementioned announcement dated 11 January 2008. If the Company determines that these conditions have been satisfied and it decides to proceed to lodge a copy of the Order of Court confirming the Capital Reduction, together with the other documents prescribed under the Companies Act, with the Registrar of Companies and Businesses of Singapore, the Capital Reduction would become effective upon such lodgment. Under Section 78I(3) of the Companies Act, such lodgment must be made within 90 days beginning with the date of the Order of Court, unless extended by the Accounting & Corporate Regulatory Authority of Singapore (" The Board wishes to announce that on 10 September 2008 the Company obtained the approval of ACRA to extend the prescribed period under Section 78I of the Companies Act within which to make such lodgement of the Order of Court and the other prescribed documents to 22 January 2009. The Company will in due course make a further announcement on (i) whether, and if it does, when, it intends to lodge the Order of Court and the other prescribed documents, (ii) the amount of the Cash Distribution, (iii) the amount proposed to be returned to the Shareholders for each Share held as at the Books Closure Date (as defined hereinafter), and (iv) the date on which the Transfer Books and Register of Members of the Company will be closed from for the purpose of determining the entitlements of Shareholders to the Cash Distribution (the " Board") of STATS ChipPAC Ltd. (the "Company") refers to its announcement dated 11 January 2008 relating to a proposed capital reduction exercise (the "Capital Reduction") pursuant to Section 78G of the Companies Act, Chapter 50 of Singapore (the "Companies Act"), with the intention to effect a proposed aggregate cash distribution (the "Cash Distribution") by the Company to shareholders of the Company (the "Shareholders") of up to US$813 million. At an extraordinary general meeting held on 17 March 2008, Shareholders approved the Capital Reduction. The Board has also previously announced that the Capital Reduction was confirmed by the High Court of Singapore on 26 June 2008. ACRA"). Books Closure Date").BY ORDER OF THE BOARD Elaine Sin Mei Lin Company Secretary 12 September 2008
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commando
Veteran |
02-Sep-2008 22:38
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Ya..but what to do. I cun sell now cos I'll suffer hefty losses. Got to hold. When is the pay out man???? Show me the money | ||||||||||||||||||||
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jackjames
Elite |
02-Sep-2008 08:05
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how to fight like that.... they will make sure you give up on this stock, and slow pain until dirt cheap, then, they said, oh now, i want to delist this, give you 10% on top of the market value... win liao.. always like that one lei... look at chartered now... can u imagine if it is 0.20 or 0.15, and boughtover happens, the biggest looser become biggest winner.. beware man.. |
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commando
Veteran |
01-Sep-2008 18:57
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pls dun let Temasek buy cheaply.......push up the price!!!!! | ||||||||||||||||||||
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jackjames
Elite |
31-Aug-2008 12:28
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I thought Temasek is going to buy all STATSChipac shares? They used to offer price like 1.75, isn't it? now is 52 weeks low at 0.88... does it mean Temasek is waiting for it to crash more (like Chartered crashed to 0.48) , and going to buy back all STATSChipac shares in dirt cheap price and delist them? will it goes to the same fate for Chartered Semicon too ? if they do that... i think they can "loss less"... any expert , enlighten us please.. thanks. |
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commando
Veteran |
08-Jun-2008 19:02
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Zhuge Liang, any idea when is the payout ? still no news? this wil definitely push the stock up. | ||||||||||||||||||||
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zhuge_liang
Supreme |
01-Jun-2008 00:25
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In an interview with Digitimes.com,
The above news bodes well for STATS.
STATS is tightly held with
With Temasek’s last failed privatization attempt having lapsed in late May ’07, would they likely launch another bid now that the price is significantly below (Feb ’08 low was $1.10 and current is $1.24) that of their last offer price of $1.75 per share? Recently, on May 21 2008, Temasek said that they are still considering their options and have not made a decision yet.
L&T believe that Temasek would only do so if they are 100% sure that they can succeed this time round. And in this regard, Fidelity and Marathon Asset Management who together owns 12.17% of the company holds the key. Both funds had rejected Temasek’s last offer as they deemed it unattractive then. They were proven right as STATS’ Sept ’07 sales and net profit improved to US$414mln and US$28mln from July ’07’s US$370mln and US$7.4mln and even more so in Dec ’07 when sales hit a record US$477mln and profit US$41mln.
However, since then when the US sub-prime crisis and credit tightening hit global economies late last year, STATS has similarly been hit hard as well, with 1Q2008 sales declining to US$390mln and net profit dropping to US$17mln. Management said that softer demand, tighter inventory control by customers as they become increasingly cautious about their business outlook due to the global economic uncertainties, higher raw material costs and weaker US$ against Asian currencies had negatively impacted their results.
This together with the fact that STATS had traded to a low of $1.10 in Feb ’08 and is currently at $1.24 may help Temasek if they are trying to convince Fidelity and Marathon Asset Management to sell their stake. Assuming a similar offer of $1.75 a share, it would cost Temasek about $600mln, while somewhere in between ($1.24 and $1.75) of $1.50 would cost them about $528mln.
With the industry showing early signs of recovery and STATS’ current valuation at a discount to Taiwanese peers such as |
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victorf
Master |
04-Apr-2007 12:45
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STATS is my best gain counter for last quarter of year 2007 (80% profit for just 2 months plus waiting and receievd money recently)....SHIOKKKKKKKKKKKKKKKKKKKKKKK | ||||||||||||||||||||
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victorf
Master |
29-Mar-2007 17:41
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declare my goodbye to STATS temporary (buy around $1-1.15 in January, and sell at around $1.82-$1.84 for the past few weeks)...though still stick to near $2 target but will not chase after the last 10% in the short term as there are better "chip" stocks to buy...good luck
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victorf
Master |
02-Mar-2007 13:33
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as i said before in Jan 2007, STATS will break $2 by end of year...seems the pace much faster as i predicted :) | ||||||||||||||||||||
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victorf
Master |
28-Jan-2007 22:17
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just buy and don't ask and don't be afraid...BIG BIG ELEPHANT accumulating...just watch at end of the year that tech stock will be best performer :) | ||||||||||||||||||||
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victorf
Master |
27-Jan-2007 00:00
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time for stats to move on to $2 by end of year...buy and hold for mid term 1-6 months | ||||||||||||||||||||
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billywows
Elite |
26-Jan-2007 21:48
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A strong fight for this counter today .... http://www.remisiers.org/research//stat260107dbs.pdf |
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alexmay
Veteran |
26-Jan-2007 11:22
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JP Morgan also upgraded this counter. | ||||||||||||||||||||
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billywows
Elite |
26-Jan-2007 00:23
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StatschP upgraded by CIBM to target price of 1.53: http://www.remisiers.org/research//Stats-ChipPAC-250107[cgk].pdf |
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