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Latest Forum Topics / Asiatic    Last:0.002 --  Post Reply
Hidden Gem
terencefok
Master
11-Dec-2008 21:04     
 
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 Alert Admin

ADDITIONAL INVESTMENT IN WHOLLY-OWNED SUBSIDIARY – COLBEN SYSTEM PTE. LTD.  

Further to its announcement on 4 January 2008, the Board of Directors of Asiatic Group (Holdings) Limited (the “Company”) wishes to announce that it had further increased its investment in its wholly-owned subsidiary, Colben System Pte. Ltd. (“Colben”) with an additional amount of S$5,000,000.00 comprising 5,000,000 fully paid-up ordinary shares. Following the aforesaid increase in investment, the issued and paid-up capital of Colben is increased from S$5.0 million comprising 5.0 million fully paid ordinary shares to S$10.0 million comprising 10.0 million fully paid ordinary shares. The increase is to ensure that Colben is appropriately capitalised for its operations and projects.

The addition in investment is funded from a combination of the proceeds from the zero-coupon Convertible Bonds, proceeds from the warrants conversion and internal sources.

None of the substantial shareholders and/or directors of the Company have any interest, direct or indirect, in Colben other than through their respective shareholdings in the Company.

By Order of the Board

Tan Sian Leong
Company Secretary


Can any professionals advice on the part in bold? Seems quite confused as it sounds like company with low paid-up capital not capable of taking on big projects or something? Thanks in advance.
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terencefok
Master
27-Jun-2008 09:45     
 
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09:42:38 0.125 100,000 Buy Up
09:41:43 0.125 50,000 Buy Up


 

So far only one trade at 0.12, fishing out contra players, should move up soon. Vested
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terencefok
Master
27-Jun-2008 09:41     
 
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09:31:15 0.125 91,000 Sell Down
09:28:38 0.125 9,000 Buy Up
09:28:38 0.125 20,000 Buy Up
09:28:36 0.125 21,000 Buy Up
09:28:12 0.125 30,000 Buy Up
09:27:10 0.125 50,000 Buy Up
09:24:07 0.125 20,000 Buy Up
09:22:58 0.125 50,000 Buy Up
09:02:48 0.120 70,000 Sell Down
09:01:52 0.125 170,000 Sell Down
09:01:05 0.125 50,000 Sell Down
08:59:01 0.125 200,000 Sell Down
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deathscythe
Member
27-Jun-2008 08:04     
 
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I have vested quite heavy in this counter... will continue to accumulate more also...  
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smartrader
Elite
26-Jun-2008 22:37     
 
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 Alert Admin 		May want to accumulate a little more on weakness since double revenue for FY09. No need 99 yrs.. can retire in 5 yrs' time ..wait for it to dual list in Cambodia some day..hehe
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terencefok
Master
26-Jun-2008 22:08     
 
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 Alert Admin 		good question. The latest contract is 99 years, sounds like a joke, can last us till the day we die..haha. I will check out with them at the coming AGM...I have my agenda ready hehe....
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klazzz
Member
26-Jun-2008 22:01     
 
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 Alert Admin 		hmm ani idea how will it go in long term?
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terencefok
Master
26-Jun-2008 21:53     
 
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 Alert Admin 		My guess this time: take a look at last friday's activity, volumes surged to over 7 million, with 2 trades being large buy ups of 1 million and 4 million respectively. The price for all of friday's trade was 0.125. Yesterday was T+3 for trades done on friday. Force selling takes place on T+4 which is today. Since Monday, price was at least at 0.13. So no surprises that there is force selling today as people might not want to take delivery of their shares. They might as well just close off their positions and take profit (without actually paying for the shares) i.e. contra trading.
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smartrader
Elite
26-Jun-2008 21:39     
 
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 Alert Admin 		Thanks all. Profits taking ?
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shplayer
Elite
26-Jun-2008 08:14     
 
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Request for warrant exercise forms from the Co registrars (Boardroom - see attached), fill it up, buy a cashiers order for the exercise price and submit. Process takes about 2 - 3 weeks. You can check with Boardroom.

http://info.sgx.com/webcorpinfo.nsf/revamp+new+company+info+classified+by+name+all/1N86?opendocument



smartrader      ( Date: 25-Jun-2008 22:15) Posted:

Terence, how can i exercise my warrants ? Can i make it for the dividend if i exercise this week or next week ?
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terencefok
Master
26-Jun-2008 06:50     
 
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 Alert Admin 		I am not too sure about how to exercise the warrants. But the ex-dividend date is 6 Aug. So this week or next week should be able to get the dividend.
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zhuge_liang
Supreme
26-Jun-2008 01:15     
 
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Asiatic Group Wed said it's been given a power supply contract in Cambodia that could be worth up to US$475 million over 99 years.

Asiatic, in a statement, said it will supply power to the Phnom Penh Special Economic Zone. The contract is expected to add US$4.8 million a year to the company's revenue once the power plant is fully operational by 2009.

The project will be undertaken by Asiatic's energy arm, Colben System.
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smartrader
Elite
25-Jun-2008 22:15     
 
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 Alert Admin 		Terence, how can i exercise my warrants ? Can i make it for the dividend if i exercise this week or next week ?
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terencefok
Master
24-Jun-2008 22:24     
 
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 Alert Admin 		Haha, maybe other people have also read it and have benefited too. Just that they never post here.
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smartrader
Elite
24-Jun-2008 21:16     
 
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 Alert Admin 		SmileyThanks to you ..we did the right thing to have faith in the business and management... seem like only you and me in this thread..haha
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terencefok
Master
24-Jun-2008 15:44     
 
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 Alert Admin 		The time has come...haha. Congrats to all who followed this thread since it started.
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terencefok
Master
23-Jun-2008 23:00     
 
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 Alert Admin 		My guess...remember the MOU signed with Lao Cai Mineral Co. for an initial capacity of 1MW of hydro electricity? Maybe the have signed a joint venture agreement. Or maybe people buy because of the attractive dividend for penny stock.
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smartrader
Elite
23-Jun-2008 22:28     
 
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 Alert Admin 		What can  really be good news for shareholders ? Strategic investor or contracts  ?
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terencefok
Master
20-Jun-2008 16:36     
 
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 Alert Admin 		Two large buy ups today at $0.125 , one trade was 4 million shares, the other was 1 million shares. Something brewing?
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terencefok
Master
11-Jun-2008 23:34     
 
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 Alert Admin 		Nothing at the moment. Anyway, FY 09 will have double revenue from power, due to capacity from 15MW to 30MW. Dividend yield is good for a penny stock, my mother got some at 0.08 so her yield is 9.375%. Better than my Second Chance hehe...:)
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