Latest Forum Topics / HanKore Env | Post Reply |
Hankore onward march to 8-10cts.
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Spivvy
Senior |
18-Nov-2013 14:58
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Hi new6ie. Just woke up not long. C mkt no morale again. Hk shares cheong like mad. HK like dead. | ||||
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Share7
Senior |
18-Nov-2013 11:56
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Waiting at 6.4c
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cccx123
Veteran |
18-Nov-2013 11:10
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Let's see how strong the floor of 6.4cts is..lol | ||||
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new6ie
Senior |
18-Nov-2013 09:18
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Note that I am not referring to Hankore specifically.   I am generalizing about how many company directors know the way to build personal fortunes when given a chance to head a public listed company. Of course there are many honourable and honest leadership and we cannot rule it out.   So the important thing is playing shares are not the way to get rich for many.   Just be nimble and treat it as a past time, and don't keep shares of 500 listed companies like what I read recent of one gentleman. Naturally, he is a rich man and has too much money not in use. But how many of us are like him? Hankore is also just for playing, when down buy a little, and when up sell some. I believe it is better to wait a little while and watch how the consolidation works out first. Then make a decision to invest or stay away.   Lol.
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reknab
Member |
18-Nov-2013 01:10
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Thanks bro
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new6ie
Senior |
17-Nov-2013 16:25
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Then a listed company will " owe" tens of millions " or even hundreds of millions over some years" and we as share holders may not even know how it was derived (this debt).   Finally they will call right issues or placements, got the funds and pay themselves off and become filthy rich happily thereafter. Of course, accountants and auditors are good at figures and know how to do it properly, wahohohoho!!  
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cccx123
Veteran |
17-Nov-2013 16:22
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Didn't see any clawback provisions here..
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starlene
Elite |
17-Nov-2013 16:20
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I recalled when H.K was 0.078-0.079 OCBC wrote that it is a good buy with potential in water treatments in PRC...now u know when formerly a reporter want to take a large stake in H> K initially and spent time away from his family..now David rewarded himself with so much options..share dilution..very easy just give yourself more shareoptions and so much..no restrictions..in share directors enttitled to issue up to 10% of paid up capital | ||||
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Lucky03
Veteran |
17-Nov-2013 15:25
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Some companies do practice pegging certain conditions of growth and achievements and not automatic
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new6ie
Senior |
17-Nov-2013 15:08
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That's how all Singapore listed company directors get richer and richer by " printing" paper money that can be converted to hard cash and further think of more ways to get richer still. Who wants to give the answer: at whose expense? Wakohwa!
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Lucky03
Veteran |
16-Nov-2013 16:31
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David rewarded himself with 66m options :).
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new6ie
Senior |
16-Nov-2013 16:13
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Many people would agree that Mr. Paul Lim has the credit for keeping the company afloat during the interim when the previous management of Hankore (P.K.A Biotreat), were giving nightmares to investors.   Though Paul was a proxy, he respectfully did his work commendably.   Nevertheless, we must also give credit to David in the following couple of years when he pulled the company from the brink to profitable today.   However, we do not know the intentions of David to call for consolidation.   He could have other alternatives, couldn't he? There are so many ways to raise funds, which is obviously his intention.   Not vested now, as have sold all my HK shares earlier. 
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Lucky03
Veteran |
16-Nov-2013 16:05
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Oops, typo error, not 'precious' should be 'previous'..... Sincerity is very important to build trust.
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Lucky03
Veteran |
16-Nov-2013 16:02
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I don't know Paul's role when the precious management and directors were ousted and the subsequent of roping David as the white knight. I witnessed Paul's unwavering faith and positive attitude and display of resolve to give a new lease of life to Biotreat over many AGMs. He is the pillar !
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Lucky03
Veteran |
16-Nov-2013 15:58
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Totally agree that Paul is a special case as his contribution and indeed his leadership had been a big factor for Hankore to stay afloat and having the chance to turnaround and should be duly appreciated and rewarded. Hopefully it is a one off exercise for directors as not all deserve similar recognition.
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leeeta
Veteran |
16-Nov-2013 15:54
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Lucky you are right abt conflict of interest..but dont forget that these directors are the ones who assisted David in steering the company around. Paul has been through a lot with people slandering and calling him names in AGMs.. Without   Paul being interim CEO for some period and now director, David will have a much tougher steering the ship now. These are the ones who stuck around when HK was in deep sh1t. So   this option is a reward for them and is a one off...and I believe is a fair on top of the director fees they receive. The shareholders at the AGM recognizes their achievements and approved the proposal.  
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leeeta
Veteran |
16-Nov-2013 15:38
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This is a form of reward and keeping good and able employees to spurn them on..which is a good thing. Lots of MNCs does it, like mine and only for top senior execs anyway.
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Lucky03
Veteran |
16-Nov-2013 15:36
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You are right. Can't stop the trend of companies issuing options or shares as part of remuneration packages for senior executives as part of staff retention and to incentive them. However, it is not as common to issue option to directors who are usually paid through director fees. That will avoid potential conflict of interest in case all ended up engrossed in short term growth for the purpose of pushing the share price higher when the directors have a higher call of duty to ensure transparency, governance and long term sustainability.
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n3wbie
Member |
16-Nov-2013 15:35
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Definitely important highlights to take note, thanks for pointing that out Lucky03! My stance is that internal restructuring efforts such as consolidation of shares are necessary and appropriate steps for the Group at this point in time. When the " house-keeping" efforts are completed, it can then be on a fresh page when it comes to handling externalities and look at expansion, etc. Just my two cents worth though. 
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new6ie
Senior |
16-Nov-2013 15:31
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I don't disagree with what you said, but if the traded price of HK is about 0.064, then the difference is not much.   But if HK goes to say 8 cents, there is a motivation to make money by exercising the options in exchange for the HK shares in order to be able to sell at 1.6 cents profit per share. At the higher price, some people who are already holding the mother shares would also be enticed to sell off their shares (equivalent to the number of options they have) and then exercise the options to have back the original number of shares again.   This could also prevent prices from rising higher.
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