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ACCS rights issue
knightrider
Elite
23-Apr-2007 11:43     
 
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Buy in when it is still low !
Last retrieved on Monday, 23 Apr, 2007 at 11:41:11 AM
 Day High: 0.090 Net Change: 0.005 Total Value: 5,626,520
 Day Low: 0.075 Last Done: 0.080 Volume: 68,855,000
<>
Time Last Volume Buy/Sell
11:33:55 0.080 100,000 Sell Down
11:29:27 0.085 50,000 Buy Up
11:26:55 0.080 200,000 Sell Down
11:25:47 0.080 200,000 Sell Down
11:25:13 0.080 30,000 Sell Down
11:24:45 0.080 30,000 Sell Down
11:24:43 0.080 20,000 Sell Down
11:24:32 0.080 200,000 Sell Down
11:24:20 0.080 300,000 Sell Down
11:24:17 0.080 100,000 Sell Down
11:24:03 0.080 203,000 Sell Down
11:21:32 0.080 30,000 Sell Down
11:21:27 0.080 200,000 Sell Down
11:19:48 0.080 30,000 Sell Down
11:18:35 0.080 100,000 Sell Down
11:18:20 0.080 50,000 Sell Down
11:14:52 0.080 110,000 Sell Down
11:09:39 0.080 97,000 Sell Down
11:07:33 0.085 100,000 Buy Up
11:07:28 0.080 14,000 Sell Down
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knightrider
Elite
23-Apr-2007 09:33     
 
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 Alert Admin 		mDR may take in strategic investors

MOBILE phone services provider mDR Ltd, formerly known as Accord Customer Care Solutions (ACCS), may take in strategic investors as part of its plan to raise capital to fund its expansion.

This was disclosed by chairman Philip Eng in the company's first annual report under its new corporate identity - an attempt to distance itself from its scandal-hit past which resulted in prison terms for several key executives, including former chief executive officer Victor Tan.

Said Mr Eng: 'The continuous efforts on improving margins, successful execution of our new plans, and the fact that historical matters are largely closed and the books 'cleaned' will enable the group to move forward and improve its financial performance in FY2007.

'To carry out our expansion plans, we will require additional funding for our planned investments and working capital. We are exploring different options including strategic investors.'

The company had previously made a successful rights issue to repay and reschedule its bank loans and facilities, for working capital, as well as funding for planned restructuring and investment in growth markets.

Mr Eng, who took over the chairmanship in June 2005, also noted that while FY2006 appeared to be a quieter year after its tumultuous past, management underestimated the challenges faced by the group in restructuring its complex regional AMS (after market services) businesses. As a result the group had to provide $21.3 million for impairments and restructuring charges for FY2006.

During the past financial year it had not only reduced its debt by $14.2 million but had settled all outstanding issues with Nokia, whose complaint to the authorities that it had been billed for repairs not carried out resulted in probes by the Commercial Affairs Department and the subsequent conviction of key personnel.

Mr Eng said the restructuring of the business model and service network has been 'substantially completed'.

'While previously the AMS network expansion was geared towards building up an association with a list of brand names and service centres throughout the region, our restructured network is rooted on the provision of quality after-market services for global brands on a regional basis. In short, this requires shifting our business model towards regional management of customers and focusing on aligning our service and retail network to customers' requirements.'

This resulted in the closing of some AMS operations, including those in Thailand, and selling off its New Zealand business. Some restructuring work remains in Australia, Indonesia and Taiwan.

In the area of distribution and retail (DMS), a high volume, low margin business, the company has opened its first retail shop in Bangkok and plans to establish a network in Malaysia and Thailand. In Singapore, it is working with key partners to introduce a sales model that moves away from its current brick-and-mortar setup.

mDR reported a loss of $32.9 million on a 5 per cent decline in revenue to $268.7 million.
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knightrider
Elite
20-Apr-2007 16:30     
 
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There is no idea, but if you read this posting regarding MDR, in the very first day I already invested 10 mths ago at average price of S$0.045 with volume of 500K. I think it is better than getting ineterest from Fixed Deposit from any banks ! I kept reminding people to watch out for this counter and no one want to listen.

Time to take profit liao ! Good Luck.
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preethy
Member
20-Apr-2007 14:24     
 
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 Alert Admin 		Any idea, why there is a sudden interest in MDR today?  
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knightrider
Elite
19-Apr-2007 14:13     
 
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 Weighted Average Prices: 0.0607 Last Done Prices: 0.060
 Spread/Price Ratio: -1.0000 AVG Trade Size: 252,575.758
<>
Last Trades Volume BuyVol Mid SellVol
0.060 21 7,200,000 7,200,000 0 0
0.065 12 1,135,000 599,000 96,000 440,000
TOTAL 33 8,335,000 7,799,000 96,000 440,000
    
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knightrider
Elite
13-Apr-2007 11:48     
 
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Day High: 0.070 Net Change: 0.010 Total Value: 4,513,255
 Day Low: 0.060 Last Done: 0.065 Volume: 68,892,000
<>
Time Last Volume Buy/Sell
11:45:07 0.065 1,000 Sell Down
11:44:50 0.070 300,000 Buy Up
11:44:40 0.070 30,000 Buy Up
11:44:34 0.070 30,000 Buy Up
11:44:33 0.065 80,000 Sell Down
11:44:22 0.070 60,000 Buy Up
11:44:21 0.065 1,000 Sell Down
11:44:08 0.070 200,000 Buy Up
11:44:05 0.065 1,000 Sell Down
11:43:29 0.070 50,000 Buy Up
11:43:11 0.070 50,000 Buy Up
11:42:59 0.070 200,000 Buy Up
11:42:29 0.070 10,000 Buy Up
11:42:14 0.070 50,000 Buy Up
11:41:58 0.070 1,000 Buy Up
11:41:45 0.070 50,000 Buy Up
11:41:20 0.070 50,000 Buy Up
11:40:54 0.070 100,000 Buy Up
11:40:53 0.070 30,000 Buy Up
11:40:52 0.070 700,000 Buy Up
Last retrieved on Friday, 13 Apr, 2007 at 11:46:51 AM
 Weighted Average Prices: 0.0656 Last Done Prices: 0.070
 Spread/Price Ratio: 1.0000 AVG Trade Size: 357,729.592
<>
Last Trades Volume BuyVol Mid SellVol
0.060 53 16,882,000 3,858,000 0 13,024,000
0.065 31 28,074,000 87,000 0 27,987,000
0.070 112 25,159,000 0 0 25,159,000
TOTAL 196 70,115,000 3,945,000 0 66,170,000
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knightrider
Elite
13-Apr-2007 11:20     
 
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Last retrieved on Friday, 13 Apr, 2007 at 11:18:11 AM
 Day High: 0.065 Net Change: 0.010 Total Value: 1,349,270
 Day Low: 0.060 Last Done: 0.065 Volume: 22,052,000
<>
Time Last Volume Buy/Sell
11:13:32 0.065 1,000,000 Buy Up
11:11:50 0.060 20,000 Sell Down
11:10:35 0.060 50,000 Sell Down
11:08:00 0.065 50,000 Buy Up
11:06:02 0.060 50,000 Sell Down
11:04:30 0.060 90,000 Sell Down
10:56:40 0.060 34,000 Sell Down
10:54:25 0.060 40,000 Sell Down
10:54:21 0.065 100,000 Buy Up
10:54:17 0.065 1,920,000 Buy Up
10:53:39 0.065 50,000 Buy Up
10:53:26 0.065 40,000 Buy Up
10:51:00 0.065 1,000,000 Buy Up
10:47:58 0.060 20,000 Sell Down
10:47:26 0.060 100,000 Sell Down
10:46:27 0.065 250,000 Buy Up
10:46:13 0.065 250,000 Buy Up
10:45:59 0.060 80,000 Sell Down
10:43:10 0.065 200,000 Buy Up
10:41:05 0.060 75,000 Sell Down
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knightrider
Elite
13-Apr-2007 10:50     
 
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Hi,

Today cheong liao !
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knightrider
Elite
02-Mar-2007 09:32     
 
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Introduction

The Board of Directors of mDR Limited (the ?Company?) wish to announce that they

have reached a settlement with a creditor of the Company (the ?Creditor?) in respect of

outstanding amounts owing to the Creditor of approximately S$3.12 million.

The settlement shall be completed by the issue of 69,439,182 new ordinary shares of

the Company (the ?New Shares?) at an issue price of S$0.04491 for each New Share

(the ?Issue Price?).

The Issue Price represents a discount of 10% to the weighted average price of S$0.0499

per share for trades done on the Official List of the Singapore Exchange Securities

Trading Limited (the ?SGX-ST?) for the period commencing 28 February 2007 (being the

full market day immediately preceding the date of the settlement letter) up to 12.00 noon

on 1 March 2007 (being the time of execution of the settlement letter).

Condition Precedents

The Issue is subject to and conditional upon approval in-principle being obtained from

the SGX-ST for the listing and quotation of the New Shares on the SGX-ST and such

approval not having been revoked or amended and, where such approval is subject to

conditions, to the extent that any such conditions for the listing and quotation of the New

Shares on the SGX-ST are required to be fulfilled on or before the date of completion of

the Issue, they are so fulfilled.

The Company will be making an application to the SGX-ST for the listing and quotation

of the New Shares on the Official List of the SGX-ST.

BY ORDER OF THE BOARD

Huang Wenjian Eugene

Company Secretary

Singapore

1 March 2007Company?) wish to announce that they

have reached a settlement with a creditor of the Company (the ?Creditor?) in respect of

outstanding amounts owing to the Creditor of approximately S$3.12 million.

The settlement shall be completed by the issue of 69,439,182 new ordinary shares of

the Company (the ?New Shares?) at an issue price of S$0.04491 for each New Share

(the ?Issue Price?).

The Issue Price represents a discount of 10% to the weighted average price of S$0.0499

per share for trades done on the Official List of the Singapore Exchange Securities

Trading Limited (the ?SGX-ST?) for the period commencing 28 February 2007 (being the

full market day immediately preceding the date of the settlement letter) up to 12.00 noon

on 1 March 2007 (being the time of execution of the settlement letter).

Condition Precedents

The Issue is subject to and conditional upon approval in-principle being obtained from

the SGX-ST for the listing and quotation of the New Shares on the SGX-ST and such

approval not having been revoked or amended and, where such approval is subject to

conditions, to the extent that any such conditions for the listing and quotation of the New

Shares on the SGX-ST are required to be fulfilled on or before the date of completion of

the Issue, they are so fulfilled.

The Company will be making an application to the SGX-ST for the listing and quotation

of the New Shares on the Official List of the SGX-ST.

BY ORDER OF THE BOARD

Huang Wenjian Eugene

Company Secretary

Singapore

1 March 2007New Shares?) at an issue price of S$0.04491 for each New Share

(the ?Issue Price?).

The Issue Price represents a discount of 10% to the weighted average price of S$0.0499

per share for trades done on the Official List of the Singapore Exchange Securities

Trading Limited (the ?SGX-ST?) for the period commencing 28 February 2007 (being the

full market day immediately preceding the date of the settlement letter) up to 12.00 noon

on 1 March 2007 (being the time of execution of the settlement letter).

Condition Precedents

The Issue is subject to and conditional upon approval in-principle being obtained from

the SGX-ST for the listing and quotation of the New Shares on the SGX-ST and such

approval not having been revoked or amended and, where such approval is subject to

conditions, to the extent that any such conditions for the listing and quotation of the New

Shares on the SGX-ST are required to be fulfilled on or before the date of completion of

the Issue, they are so fulfilled.

The Company will be making an application to the SGX-ST for the listing and quotation

of the New Shares on the Official List of the SGX-ST.

BY ORDER OF THE BOARD

Huang Wenjian Eugene

Company Secretary

Singapore

1 March 2007Issue Price?).

The Issue Price represents a discount of 10% to the weighted average price of S$0.0499

per share for trades done on the Official List of the Singapore Exchange Securities

Trading Limited (the ?SGX-ST?) for the period commencing 28 February 2007 (being the

full market day immediately preceding the date of the settlement letter) up to 12.00 noon

on 1 March 2007 (being the time of execution of the settlement letter).

Condition Precedents

The Issue is subject to and conditional upon approval in-principle being obtained from

the SGX-ST for the listing and quotation of the New Shares on the SGX-ST and such

approval not having been revoked or amended and, where such approval is subject to

conditions, to the extent that any such conditions for the listing and quotation of the New

Shares on the SGX-ST are required to be fulfilled on or before the date of completion of

the Issue, they are so fulfilled.

The Company will be making an application to the SGX-ST for the listing and quotation

of the New Shares on the Official List of the SGX-ST.

BY ORDER OF THE BOARD

Huang Wenjian Eugene

Company Secretary

Singapore

1 March 2007SGX-ST?) for the period commencing 28 February 2007 (being the

full market day immediately preceding the date of the settlement letter) up to 12.00 noon

on 1 March 2007 (being the time of execution of the settlement letter).

Condition Precedents

The Issue is subject to and conditional upon approval in-principle being obtained from

the SGX-ST for the listing and quotation of the New Shares on the SGX-ST and such

approval not having been revoked or amended and, where such approval is subject to

conditions, to the extent that any such conditions for the listing and quotation of the New

Shares on the SGX-ST are required to be fulfilled on or before the date of completion of

the Issue, they are so fulfilled.

The Company will be making an application to the SGX-ST for the listing and quotation

of the New Shares on the Official List of the SGX-ST.

BY ORDER OF THE BOARD

Huang Wenjian Eugene

Company Secretary

Singapore

1 March 2007

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zolatw
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02-Mar-2007 02:03     
 
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 Alert Admin 		hmmm recent announcements are bad news i guess?
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zolatw
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02-Mar-2007 02:03     
 
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 Alert Admin 		hmmm recent announcements are bad news i guess?
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knightrider
Elite
26-Jan-2007 12:00     
 
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It is still ok after they settle their biggest case with the children (Teochew) phone - Nokia.

Hopefully, with Mr. Eng's spearheading of this organisation, there should be something postive. Good Luck.
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toyshop
Member
23-Jan-2007 23:58     
 
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 Alert Admin 		I am vested in this counter ... beginning to have some faith in this counter. They are still the largest repair company in Singapore. You should also take a look at the board of directors.. that give me more confidence that they will turn around, maybe not now but surely... :)
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teeth53
Supreme
02-Jan-2007 21:37     
 
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Yells: "don't learn through life, learn to grow with life "
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 Alert Admin 		Hi Mamasan, long time neber seen your post liao, isit several mths.??
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lucky168
Veteran
02-Jan-2007 18:10     
 
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I am looking at this MDR... anyone has any insight into this company (formerly ACCS). I believe they are still in the phone biz but not sure how are they doing? Are Nokia, Motorola still outsourcing the repair work to them, or have they lost it to some other companies?



Do you think the new CEO is capable of turning ard the company?
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mamasan
Member
06-Jun-2006 08:53     
 
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 Alert Admin 		when the process is complete, number of shares will increase, share price will be averaged down...
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mamasan
Member
06-Jun-2006 08:52     
 
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 Alert Admin 		go ATM, clear instruction, step by step.. must have cash in your bank account. need only to key in CDP number. number of excess rights...
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ohyongle
Member
06-Jun-2006 08:49     
 
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What is the procedure to apply then?

After book closure on 16 June, I will be asked by my broker to pay for the allocated rights? After which, the rights will be converted to mother shares automatically?

Thanks in advance

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mamasan
Member
06-Jun-2006 08:44     
 
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 Alert Admin 		if you are really happy with the offer, you can even go for the "excess rights".. no limit, can apply any amount you want, but must pay up front, refund is fast too. using ATM is best.
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teeth53
Supreme
05-Jun-2006 20:01     
 
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  • Kim Eng is under writing it for ACCS, it name is changed to mDR limited, right  of 1 for 2 shares held at $0.040cts book closure at June 16, 2006 ( pls check it out for date closure). It mean if U hold 10000 shares of ACCS. U have right to subcribe to 5000 shares at 4 cents, another word it 5000 (equal to 5 lots) x 4cents = $200/- and good luck to your all. Hope it help. Yah...
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