Latest Forum Topics / Auric Pacific | Post Reply |
Is this a good buy?
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787180
Master |
23-Nov-2007 17:52
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Attended the EGM at Meritus Mandarin.70% are in favour of buying Delifrance which owns Edmontor Investments.Auric distributes Sunshine Bread,SCS butter and has bought into China Energy , China Angel.,and alos owns 29% of Robinson Ltd and Food Junction.It sold off China Energy which it got from ipo and made good profits.Sitting on paper profits from China Angel and intends to distribute its mooncakes here as well as get its Chinese counterparts to sell Auric products.Co wants to tap into Delifrance wide networks worldwide. Treated to delifrance products during the teabreak and everyone attended went home with delifrance long loaf of bread.Good for keeping in your CPF and collect dividends.Buy below $1.30 |
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chinton86
Veteran |
22-Nov-2007 20:16
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Let me know abt the EGM then i see how cause no money liao... lol |
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787180
Master |
22-Nov-2007 11:31
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quote=jerome;6166]Auric Pacific Group - Has entered into a binding term sheet with Cafe Holdings to acquire Edmontor Investments Pte Ltd. Edmontor is the holding company of Delifrance Asia Limited, its subsidiaries and associated companies, which in turn operates the Delifrance chain of cafes and bistros in six countries in Asia. The proposed acquisition is subject to further negotiation and the terms of the definitive agreements to be entered into.[/quote]
The EGM is on Fri Nov 23 10am at Meritus mandarin..have been holding this counter for > 10 years..good dividend defensive play play although capital gains is limited..this year ever hit> $1.60.Despite acquiring Robinson Ltd at a much higher price vis-a -vis the market price and won board representation on Robinson.counter still cannot cross $2 |
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787180
Master |
22-Nov-2007 11:08
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Yes buy below $1.30 and keep in your CPF,attractive dividends,defensive play.Can attend EGM this fri at Mandarain Hotel 10am 23 NOv to find out > |
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chinton86
Veteran |
11-Nov-2007 11:32
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Is Auric a good buy for dividends? |
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