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Absolute jewel
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Centaur
Veteran |
27-Sep-2007 13:22
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always have positive news but limited upsurge, wonder why??? |
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furnaces
Member |
26-Sep-2007 18:32
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26 September 2007 Contel extends reach to Japan in JV with consumer electronics distributor -Contel to partner Tokyo-based CIMA Laboratory in 80:20 JV -Contel to leverage on CIMA Group?s wide distribution network in Japan to extend market reach -CIMA Group?s customers in Japan include major brand name manufacturers and retailers & wholesalers like Best Denki -Increased presence in Asia in line with earnings diversification strategy |
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Centaur
Veteran |
04-Sep-2007 09:24
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BBs mopping up hundreds and thousands of lots early in the morning to push the price up. Likely to see nice upsurge today |
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water/mountain
Member |
03-Sep-2007 19:58
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CONTEL has potential to growth. Please into it for medium term, it should move upwards. |
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furnaces
Member |
03-Sep-2007 17:13
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Last friday was ABN Amro Asia Securities who whacked the shares. Wonder who is it today? |
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Centaur
Veteran |
03-Sep-2007 16:55
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Someone just whack 1,542 lots at 21cts.. Wonder whats up with this counter.. |
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Centaur
Veteran |
22-Aug-2007 10:24
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might not be a bad thing, contel is rather cash strapped now (issuing millions of convertible bonds), the last thing we want is for contel to waste cash or worse issue shares for unnecessary acquisition. |
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zhuge_liang
Supreme |
21-Aug-2007 21:01
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Contel has aborted the proposed acquisition of Dongguan INIT. |
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Centaur
Veteran |
16-Aug-2007 18:10
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Too bad still kena affected by the general market. With such good results and more book orders, i'm still thinking of going in for more if not for the crazy market sentiments |
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Investsmart
Senior |
16-Aug-2007 17:17
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Just got a 2nd order for Rock Band Guitar Controller. |
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Investsmart
Senior |
13-Aug-2007 23:37
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Good results ! |
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furnaces
Member |
13-Aug-2007 19:17
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Half year result out! Revenue increase by 54.7% to US$105million Gross Profit increase by 33.5% to US$9.96million Net Profit increase by 27.9% to US$4.76million |
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ironside
Member |
08-Aug-2007 14:54
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Hi Vlazyguy, thank you for your clear explaination on the pro and con of the US$8 MILLION ZERO COUPON CONVERTIBLE BONDS. Happy National Day to you and all |
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vlazyguy
Member |
07-Aug-2007 13:19
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Hi ironside, The company is raising funds by borrowing from ABN AMRO throught convertible bonds which will be due July 2010. According to their released announcement, the net proceeds from the issue of the Bonds will be used for core business expansion and for general corporate and working capital purposes. Basically, it will limit the risk should the stock price plummet, while limiting exposure to upside price movements of the stock. Personally I feel it is news on the good side since the issue price is $0.245 (ABN AMRO must have some confidence in this coy's potential) and it will add support to share price. Others - New shares: 50m - Dilution of share capital for public: 72.22% -> 64.47% (assuming bonds are fully converted) |
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ironside
Member |
04-Aug-2007 22:33
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Hello vlazyguy, What does this mean? Is it favourable for those invested with Contel? Thank you for your sharing and help. |
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vlazyguy
Member |
03-Aug-2007 22:29
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CONTEL CORPORATION LIMITED (Incorporated in Bermuda) (Company Registration No. 36658) PROPOSED ISSUE OF US$8 MILLION ZERO COUPON CONVERTIBLE BONDS DUE 2010 The Board of Directors of Contel Corporation Limited (the “Company”) wishes to announce that the Singapore Exchange Securities Trading Limited (the “SGX-ST”) on 1 August 2007 gave its inprinciple approval for the listing and quotation of 62,800,000 new ordinary shares (“New Shares”) to be issued upon conversion of the convertible bonds (the “Bonds”). All capitalized terms not otherwise defined in this announcement shall bear the meanings ascribed to them in the announcement dated 1 July 2007. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_729DFA9986C84BF34825732C0039116C/$file/Contel_AIP_and_Completion_of_Convertible_Bonds.pdf?openelement |
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ivorycoast
Elite |
19-Jul-2007 11:30
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Another short squeezing target ? Yesterday high of 28 cents ..... now only 24 cents ..... Too drastic ..... not so logical one ..... |
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ivorycoast
Elite |
18-Jul-2007 12:26
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No squeezing yet hor ..... Neber mind ..... wait for more shorts to be established ..... then ...... |
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Centaur
Veteran |
18-Jul-2007 11:41
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Yield to bondholders is around 8.5% pa. Not sure about the bank's rate. Anyway, even if borrowing from the bank is cheaper, banks might have some kind of injuctions or collaterals which may interfere with contel's current operations. |
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Centaur
Veteran |
18-Jul-2007 11:24
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Hi level13, can't speak on contel's behalf but some companies actually like BBs or some other funds to hold their shares to prove that they are of a certain quality. (Imagine if the major shareholders of the company is some tom or dick, wouldn't u question the quality of the company??) Of course, if contel can shed some light on this matter, that'll be all the more better. Though cost of equity capital can be high, in contel's perspective, they are looking for some short term fundings which i believe is needed to fund the productions. If cash is what they need for the next couple of years, they'll be less willing to pay for the high interest cost. Besides, the conversions to ABN is subject to other T & Cs which means they might not be able to convert at 24.5cts. For me, i'm holding on due to its long term FA. |
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