| Latest Forum Topics / HG Metal Last:0.265 -- |
 Post Reply
|
|
HG Metal a hidden gem ?
|
|||||
|
m2d4pc
Member |
21-Jul-2010 13:35
|
||||
|
x 0
x 0 Alert Admin |
Oriental Castle Group is a oil & gas company in Malaysia. | ||||
| Useful To Me Not Useful To Me | |||||
|
Die_already
Member |
21-Jul-2010 09:53
|
||||
|
x 0
x 0 Alert Admin |
The placemenet may not be a bad thing if Oriental Castle Sdn Bhd can value-add to the Company profitibility. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
freeme
Elite |
20-Jul-2010 21:31
|
||||
|
x 0
x 0 Alert Admin |
dilut existing holders lo
|
||||
| Useful To Me Not Useful To Me | |||||
|
freeman_5js
Senior |
20-Jul-2010 21:09
|
||||
|
x 0
x 0 Alert Admin |
dun realli it, whts happening n any effect on tt present shareholders? | ||||
| Useful To Me Not Useful To Me | |||||
|
m2d4pc
Member |
20-Jul-2010 14:36
|
||||
|
x 0
x 0 Alert Admin |
Subject to and upon the terms of the Subscription Agreement, the Subscriber has agreed to subscribe and pay for the New Shares at the price of S$0.095 for each New Share (the "Subscription Price"). the subscription of the New Shares will increase the existing issued share capital of the Company from S$111,729,613 comprising 775,671,962 Shares to S$127,295,363 comprising 939,521,962 Shares. The net assets per share of the Company as at 31 March 2010 was 14.1 cents. After adjusting for the issue of the New Shares, the Company's net assets per share would be 13.3 cents; and the subscription of the Call Option Shares will increase the existing issued share capital of the Company from S$127,295,363 comprising 939,521,962 Shares (after adjusting for the issue of the New Shares) to S$141,830,363 comprising 1,092,521,962 Shares. The net assets per share of the Company as at 31 March 2010 was 14.1 cents. After adjusting for the issue of the New Shares and Call Option Shares, the Company's net assets per share would be 12.8 cents. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
tuagulan
Member |
20-Jul-2010 12:35
|
||||
|
x 0
x 0 Alert Admin |
So what is the price for this share placement ? Can buy or not, that is most important ? | ||||
| Useful To Me Not Useful To Me | |||||
|
abc2020
Member |
20-Jul-2010 07:50
|
||||
|
x 0
x 0 Alert Admin |
Pursuant to the terms of the Subscription Agreement, the Company and the Subscriber have also agreed to enter into a Strategic Services Agreement (the "Strategic Services Agreement") pursuant to which the Subscriber shall be entitled to (i) nominate one (1) person for appointment as the chief executive officer of the Company, (ii) nominate two (2) persons for appointment as directors of the Company and (iii) nominate selected personnel to be seconded to the Company to provide management services to the Company, on the terms and subject to the conditions stated therein. | ||||
| Useful To Me Not Useful To Me | |||||
|
abc2020
Member |
19-Jul-2010 23:15
|
||||
|
x 0
x 0 Alert Admin |
HG Metal may take over by Oriental Castle Sdn Bhd ISSUE OF NEW SHARES AND CALL OPTION SHARES The New Shares and Call Option Shares to be issued pursuant to the Subscription Agreement represent approximately 40.85 per cent. (40.85%) of the issued share capital of the Company as at the date hereof, and approximately 29 per cent (29%) of the enlarged issued share capital of the Company. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
soreloser
Member |
19-Jul-2010 22:41
|
||||
|
x 0
x 0 Alert Admin |
issuance of new sharez.....movement.....tomorrow? 
|
||||
| Useful To Me Not Useful To Me | |||||
|
freeman_5js
Senior |
07-Jul-2010 20:41
|
||||
|
x 0
x 0 Alert Admin |
woo breaking his resistant haha finally some movement hope it wont drop back |
||||
| Useful To Me Not Useful To Me | |||||
|
knightrider
Elite |
13-May-2010 12:21
|
||||
|
x 0
x 0 Alert Admin |
Look at the net profit after tax, your one is gross profit before tax. The net loss for 2nd qtr is S$620K. And full half qtr (include the 1st qtr) is net profit is around S$11m. Pls correct me if I interpret and read the report wrongly ! | ||||
| Useful To Me Not Useful To Me | |||||
|
abc2020
Member |
12-May-2010 20:32
|
||||
|
x 0
x 0 Alert Admin |
Gross Profit Despite lower sales volume, the Group recorded gross profit of $2.7 million in 2Q FY2010 as compared to gross loss of $8.4 million in 2Q FY2009. The profit turnaround was attributable to the rise in steel prices and better inventory management. Results For The Financial Period The Group had recorded a lower loss in 2Q FY2010 as compared to 2Q FY2009. The loss before tax of $0.8 million was due primarily to loss on sales of shares of BRC which was partly offset by profit generated from its manufacturing arm. Trading business reported a break even result for 2QFY10. It reflected a gradual improvement in the trading business after a difficult financial 2009 which saw a significant loss.Balance Sheet The net assets of BRC was not consolidated in the Group’s balance sheet as at 31 March 2010 on a line by line basis. Nevertheless, the Group had a healthy balance sheet and the shareholders fund stood at $109.3 million. As at 31 March 2010, the Group’s inventory was $79.1 million, consistent with the Group’s decision to adopt a conservative approach to inventory management amidst volatile market conditions. Trade and other receivables were $30.7 million as at 31 March 2010, consistent with lower sales revenue for the period under review. With the significant decline in bank borrowings and trade and other payables, current liabilities reduced from $177.8 million as at 30 September 2009 to $71.9 million as at 31 March 2010. The Group’s gearing ratio stood at 0.47 times as at 31 March 2010. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
knightrider
Elite |
06-May-2010 09:48
|
||||
|
x 0
x 0 Alert Admin |
Brother, not so simple one. Pls include the handling cost by the broking hse who help them to do the tansaction. If not broking hse and underwriter banks "jia sai", they need to pay salary to their employees. Another issues, HG buy the 5 plots of land in JB at around S$24x million and they intend to sell at S$33x million. I cannot remember if this is successful and the whole transaction is it complete? So let me ask you, on the book, they look attractive, in this land sale, what do you think, profit or loss ? Read up and you will know the full figure behind ! Trust me, entry point is at S$0.1 and below. Why be cokoo, when they place out at S$0.1 and we buy at above S$0.1 unless this is blue chips or some profit making company. Good Luck. |
||||
| Useful To Me Not Useful To Me | |||||
|
abc2020
Member |
05-May-2010 23:34
|
||||
|
x 0
x 0 Alert Admin |
Really dont understand how come HG metal will suffer loses by selling BRC shares? According from the previous announcement, BRC currently worth 0.16 sen per share, and they sold it with 0.135 sen, so it said to be suffer 0.025 sen per share. But, actually the offer price of HG metal to take over BRC only 0.11 sen. That mean HG metal should earn 0.025 per share from the selling. Mr YAP XI MING is our only hope!!!! HG Metal Manufacturing Limited
|
||||
| Useful To Me Not Useful To Me | |||||
|
yummygd
Supreme |
05-May-2010 10:46
|
||||
|
x 0
x 0 Alert Admin |
hg metal they have not makeany profit for sometime right?? | ||||
| Useful To Me Not Useful To Me | |||||
|
knightrider
Elite |
05-May-2010 09:41
|
||||
|
x 0
x 0 Alert Admin |
This big mac, the entry level is now set at S$0.1. Cause the previous placement is S$0.1 | ||||
| Useful To Me Not Useful To Me | |||||
|
knightrider
Elite |
05-May-2010 09:27
|
||||
|
x 0
x 0 Alert Admin |
Wait longer time ! read this :- Profit GuidanceBackMay 04, 2010 For the Financial Period Ended: 31-03-2010 THE COMPANY EXPECTS TO ANNOUNCE ITS UNAUDITED FINANCIAL STATEMENTS FOR 2Q FY2010 AND DETAILS OF ITS PERFORMANCE ON 12 MAY 2010.
|
||||
| Useful To Me Not Useful To Me | |||||
|
abc2020
Member |
26-Apr-2010 21:21
|
||||
|
x 0
x 0 Alert Admin |
hg metal going to break 12.5 resistance soon........ | ||||
| Useful To Me Not Useful To Me | |||||
|
abc2020
Member |
26-Apr-2010 21:19
|
||||
|
x 0
x 0 Alert Admin |
HG Metal Manufacturing Limited (Company Registration No. 198802660D) (Incorporated in Singapore) _________________________________________________________________________ APPOINTMENT OF YAP XI MING AS NON-EXECUTIVE DIRECTOR _________________________________________________________________________ The Board of Directors (the “Board”) of HG Metal Manufacturing Limited (the “Company”) wishes to announce that Mr Yap Xi Ming has been appointed as a Non-Executive Director of the Company with effect from 26 April 2010. The information relating to the appointment of Mr Yap Xi Ming as a non-executive and non- independent director will be announced separately. By Order of the Board Foong Lee Heng Company Secretary 26 April 2010 |
||||
| Useful To Me Not Useful To Me | |||||
|
yummygd
Supreme |
10-Apr-2010 15:59
|
||||
|
x 0
x 0 Alert Admin |
sorry but can i ask buy hg metal isnt it better to buy lee metal? | ||||
| Useful To Me Not Useful To Me | |||||