Latest Forum Topics / HanKore Env | Post Reply |
HANKOREcontinuation wedge(bullish)target 6-7c soon
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ysh2006
Senior |
29-Jul-2013 11:45
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Okay thanks for the info/write up, still holding this share ...no 8 cents no sell !
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spathway
Member |
29-Jul-2013 10:43
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Bulk sellers made known. I dont think there is any issues on 50M note subscription. If HK can sustain 53/54 this few days, good chance for big rally end of the week or next week. Huat Huat ! |
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Tomique
Master |
29-Jul-2013 08:47
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Well, though $50 million is not very big amount, at least it shows the company has many plans in its expanding business.   Furthermore a take up rate of 100% will mean that investors have a good rating of the company. So I believe the notes might be " oversubscribed" meaning in good demand.   Lol. | ||||
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Lucky03
Veteran |
29-Jul-2013 00:00
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Stated in last Fri announcement on the issuance of the S$50m notes :
The issue date of the Series 001 Notes is currently expected to be on or around 1 August 2013 and the Series 001 Notes are expected to be listed on or about 2 August 2013.
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uncleemperor
Member |
28-Jul-2013 23:34
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May I know why the date?
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Lucky03
Veteran |
28-Jul-2013 23:09
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If the S$50m notes is very well taken up on 1 or 2 Aug, that will be very positive for the corporate development and a strong endorsement by lenders of the strategy of expansion by Hankore. | ||||
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Lucky03
Veteran |
28-Jul-2013 23:05
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Lucky03
Member Join Date Apr 2008 Posts 576 There is seller, there must also be buyer. Now that the seller has come into open and the stake well absorbed, I'll be more interested who is the buyer. There will be more announcements. It is only the beginning of a shake up ....
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Lucky03
Veteran |
28-Jul-2013 23:02
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Firstree Group emerged as the 2nd largest shareholder of Hankore on 11 July 2011, acquired an aggregate of 338,374,474 ordinary shares representing 8.17% of the total issued and paid-up capital of the Company. Following the Acquisition from Dongguan Baosheng Environmental Investment Company Ltd at the price of S$0.05 each.
Is it such a concidence that Asdew entered at S$0.05 too ? It is highly that the paring down of Firstree has been pre-mediated else such disposal will not be possible without causing signifiacnt damage to the share price. The recent very high volume and the ability to sustain the share price throughout the period is not normal trading and hence revealing a well orchestrated reallocation and restructing of management composition. The new management composition will herald a new era and new direction. As retail investors, we couldn't and should not over speculate and read too much into such developments. The key is whether we have confidence of the new players to the management composition to drive Hankore to greener pasture and growth trajectory. It seems that increasingly that Hankore will not sell its asset outright. I agree that there is high liklihood of a separate trust being set up to list the assets instead. Perhaps that may be a reason for Firstree to pare down his shareholding in favour of bringing in Asdew who will take up 6% shareholdings while Firstree reduce from 8.17% to 4.75%. Asdew and DBS will be very helpful to help Hankore on such a setup. David may be pushing ahead with its plan that was revealed in his interview on Global Water Intelligence Vol 12, Issue 9 (September 2011) : Unusually for the Chinese wastewater sector, HanKore owns 100% of the equity in all its BOTs, rather than adopting the more common JV structure. While this gives the company greater control, it also puts more pressure on its finances. The new projects are expected to be 70% debt financed. HanKore has set itself a target of increasing its water, wastewater and reuse treatment capacity to 5 million m3/d within three years, and to 10 million m3/d within five years. To help achieve this, Chen hints that HanKore may expand by acquiring operational projects in China. “Not all the existing players can hold on until the end of their contract terms due to financial weakness or poor judgment of the market, so there will be opportunities to exploit in projects sold by other companies,” he commented. |
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ysh2006
Senior |
28-Jul-2013 21:15
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Is the guy who buy the placement share at 5 c sell away the share on Friday ? ....who took over him ?..why the placement share can be sold so fast ?..no lock up time har.. | ||||
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Tomique
Master |
28-Jul-2013 20:21
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Hope to buy back at pennies play.   Will start selling heavy weights and buy light weight counters. Think Monday is right time. Lol. | ||||
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Lucky03
Veteran |
27-Jul-2013 15:24
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The way we paint him, David can offer his story for a movie script How he came in as a white knight to pull together major players and influential personnel and structures a deal while fending off a legal suite from the previous owner of Bio-Treat when it was near collapse. He convinced all shareholders to double up or nothing with a rights issue of one for one at 4c. He renamed Bio-Treat to Hankore with determination to give it a new lease of life.
He took the pain of asset write-off for plants that were poorly built and managed and then took more than 2 years to painstakingly nurse these plants back to health to be able to write back again as useful assets when it passed stringent tests to attain the premium Grade A level ! Along the way, he successfully negotiated increased in water tariff rate and turned Hankore around to become profitable again. We all know S-chips suffered from grave concern with transparency and corporate governance and David never stops reiterating the importance of integrity and corporate governance. He even invested in professional ERM (Enterprise Resource Management) system to ensure that the business is professionally run and tracked and resources optimized. He introduced HR policies that encouraged team work and incentivize workers to contribute. The new shareholder from a S'porean businessman is a shot of confidence and a good strategic step in rejuvenating the company growth where opportunities abound. Having DBS to administer and manage the notes for S$300m clearly shows that it is now highly regarded and not a fly by night Chinese firm that many worried can disappear overnight or shocked everyone with financial irregularities or fraud. I'm very excited to be a part of this process and watch the actions pan out ! Someone can give it a movie name Of course we may be running way ahead with all the excitement as HK can only claim success when it indeed brings in financial results by multi folds and share prices rocketed past $1. |
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halleluyah
Elite |
26-Jul-2013 22:56
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Haha...No short sell...hope is a profit takings tdy n can fly higher....Hope wun b like baby Ipco hv to freeze up. | ||||
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wendel
Master |
26-Jul-2013 18:05
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Dunnoe leh....nd expert advise...haha Hope not downward thou... 
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halleluyah
Elite |
26-Jul-2013 17:35
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nah add nah more jialat lei....is BBs run rd liao?? 
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wendel
Master |
26-Jul-2013 16:28
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pants down pants down...just an activity!
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wendel
Master |
26-Jul-2013 16:21
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only lau bak sai...haven't lau sai...
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seanpent
Elite |
26-Jul-2013 16:12
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see the way they force Hankore down, oh my my  ..... :( | ||||
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halleluyah
Elite |
26-Jul-2013 15:31
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wah koh boh li koh lei....lau sai.... | ||||
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wendel
Master |
26-Jul-2013 15:23
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Aiyoyo...broke my bank acct!
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blurtrader
Member |
26-Jul-2013 15:22
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53 broke ( | ||||
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