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Why the sudden increase in vol and price for SNF?
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zhuge_liang
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10-Jan-2008 01:25
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Looks like the MEO deal fell through. SNF Corp surged after the firm said it was in a $525 million reverse takeover deal with a healthcare service provider. The loss-making electronics distributor said it will issue new shares to unlisted Healthway Medical Services which will give the healthcare provider 97% control of the new company. |
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BB_Gordon
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06-Nov-2007 07:56
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Anyone can advise on the plus points of the Taiwanese business which look like another SME type of company? In comparison, Aerial does have a track record in bringing in new mega businesses, and boost share prices...my 2 cents. . |
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zhuge_liang
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05-Nov-2007 21:10
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SNF Corp proposed to acquire up to 75% of Taiwan incorporated Multi Electron Optronics Co Ltd (MEO). SNF will pay for the acquisition by issuing shares amounting to $8.25m to MEO founders Hwang Hao Ping and James YC Lee. |
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grass8eater
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01-Nov-2007 16:15
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buy |
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grass8eater
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01-Nov-2007 15:30
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the earlier high court injunction stands ie against the private placment this ann is an excercise in futility ..... delaying trading by 2 hours BUt will not change the outcome QUOTE: Under the Company's undertaking, the Company is not to complete the share placement exercise pending the outcome of the injunction application or such further order or unless Low Shiong Jin, Ariel Singapore Pte Ltd and the Company agree in writing. |
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limpeh
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01-Nov-2007 14:51
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Further to the announcement made by SNF Corporation Ltd ("the Company") on 25 October 2007, the Company wishes to announce that at the further hearing of the injunction application on 1 November 2007, the High Court of the Republic of Singapore allowed the Company to continue with its application to Singapore Exchange Securities Trading Limited ("SGX-ST") for SGX-ST's approval of the placement of 31.5 million shares ("the share placement exercise") nothwithstanding the Company's undertaking not to proceed with the share placement exercise. Under the Company's undertaking, the Company is not to complete the share placement exercise pending the outcome of the injunction application or such further order or unless Low Shiong Jin, Ariel Singapore Pte Ltd and the Company agree in writing. Further announcements will be released in due course. By Order of the Board William Tan Group Financial Controller 1 November 2007 |
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e10255
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01-Nov-2007 14:24
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SNF CORPORATION LTD REQUEST FOR TRADING HALT what happened? |
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grass8eater
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01-Nov-2007 11:49
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just remember to attend the EGM and excercise your voting rights whether you have 1 or 5 or 10 or 20 or 50 lots and etc .... vote wisely please. |
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grass8eater
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01-Nov-2007 08:58
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sorry ... (correction) ... date of EGM is Nov 13th (Tuesday) and not Nov 11th .... my apologies |
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grass8eater
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01-Nov-2007 08:55
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QUOTE: Post EGM, if got elected, it would be great if Mr Low and his mgt team got innovative business injection into this half-corpse....maybe new mgt can give some hint/ insight on their alternative strategies. It is open season now. One don't go to such lengths if one does not have a stack of ace cards on one's sleeves. The idea is to be a shareholder before Nov 11th, date of EGM, and do the necessary, i.e. VOTE and vote wisely, so that you can enhance the value of your shares and track records speaks. In the recent issue of the EDGE, there is talk of injection of a healthcare business by Mr Low. Look at the valuations of peers in this segment and you would want to be a shareholder. Not for a moment did i envisage that the developments so far is a "white knight' coming to the rescue of existing shareholders and the current business cannot be one that we can classify as exciting. (share price has been in the doldrums before this development). Perhaps one can view this as a case not unlike an RTO. The advent of the internet has enabled the dissemination of information and for retailers like us, it helps level the playing field, for us and helps us take cognizance of corporate developments. So if we can pick trails up, it would not be a losing battle for us. So attend the EGM and let your votes speak. The EGM will be held at 9.30am Nov 11, Pan Pacific Singapore, 7 Raffles Boulevard, Marina Square, at Level 1,Pacific 1, for the purpose of transacting business which in esssence is the removal of the existing board of directors and the appointment of new ones which include Mr Low. |
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Eagles
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31-Oct-2007 22:34
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Performance of this counter was plunging to as low as S$0.08....profitability deteriorating rapidly....directors are still dogged by CAD probe, right?. Mr Low is now emerging as a white knight to shareholders' rescue....and apparently many have profited from this development. Post EGM, if got elected, it would be great if Mr Low and his mgt team got innovative business injection into this half-corpse....maybe new mgt can give some hint/ insight on their alternative strategies. |
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9laicce
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31-Oct-2007 15:12
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Power indeed... then again is this counter worth this much, at a high of 0.32 cents today? Trade with care my frens. |
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grass8eater
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31-Oct-2007 11:12
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Track record speaks. The incumbents have not managed to enhance shareholder's value as evidenced by the share price before the stock became the target of others. If you have missed this, you cannot pat yourself on the back, for the writings were on the wall. Often one becomes sceptical because of historical baggages (burnt and loss experiences) which clouds one vision and judgement, when trading or investing. Congratz to those who picked this trail up and now enjoying SUBSTANTIAL capital gains. The pricing of a stock is very much dependent on management and her ability to sustain growth and the market is always right, is not just a truism. Hence the price rise is the market's judgment of the personalities (new) abilty to deliver. Good Luck folks and hence my vote goes with Mr Low Shiong Jin in the upcoming EGM. |
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Eagles
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30-Oct-2007 22:24
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Shareholders are only concern with management ability to ensure price surge is sustainable. If no new management, will prices drop back to 0.08? Can the new bsuiness to be injected by new management assure share price willl cheong further? |
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limpeh
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30-Oct-2007 18:04
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Low Shiong Jin is my HERO. 
hahaha...his announcement to SGX was literally shooting down the old directors and asking them to go and chai chao...lol.... I especially like point 3 & 4! Best! Translate: "buzz off. you are destroying the company. I will do a better job." hahaha... |
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9laicce
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30-Oct-2007 17:55
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POWER!! |
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grass8eater
Member |
30-Oct-2007 17:22
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be wise in your deliberations, enhance the value of your shares http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/90d0d04b6bed9e4e482573840016fe74?OpenDocument |
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grass8eater
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23-Oct-2007 08:59
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announcement http://info.sgx.com/webcorannc.nsf/New+Announcement+Last+3+Months+by+Company+Name?Openview&RestrictToCategory=SSNF%20CORPORATION%20LTD |
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grass8eater
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19-Oct-2007 08:45
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trading halt http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/48b532d96bf8879c482573780047ebd9?OpenDocument What could be the reasons for the halt. A second one, in less than a week ... ?? I guess from the response and views into this thread ... it indicates that most don't see it. What is the prize? what could be the reasons for this tussle. A RTO ? Listing requirements entails time, effort and money. Most punters seek instant gains. And if you are not experienced and savvy, contra trading brings more pain than gain. Imagine what level a stock can rise to, on injection of a viable excitable business. Examine the records of companys (some are loss making and with tremendouss debt) that have been RTO in the SGX and you will find your answer. Else why does corprorate raiders exist... ??? and why the fight for this company ..FIGHT .... judging from the spate of SGX announcements. There is mention in the latest issue of the EDGE on SNF Corp and a healthcare business injection by the Ariel Grp, who is eyeing this company. If you have heeded the early posts by other forrumers in this thread and begun positioning yourself, then the chances are that capital gains can be had, if the savvy investors and new SSHs takes control. and to my mind, it looks like they can and will. |
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grass8eater
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17-Oct-2007 17:30
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http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/115e0227e56ddae44825737600400a5a?OpenDocument |
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