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Advance SCT a Potential Turnaround Play? Post Reply Rate topic
honky135 Member	31-Jan-2012 18:08        honky135 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can someone kind to explain on this. http://info.sgx.com/webcorannc.nsf/AnnouncementLast3Months/ACECED2AD7CE273B4825794F0030BDDE?opendocument 31 January 2012 Monica Kwok Meei Ying Head Corporate Service Advance SCT Limited No. 4 Tuas View Circuit Singapore 637356 Dear Madam QUERY REGARDING TRADING ACTIVITY We have noted, and draw to your attention, a substantial increase in the price and volume of your shares recently. To ensure a fair, orderly and transparent market, please answer each of the following: Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading? - If yes, the information must be announced immediately. Question 2: Are you aware of any other possible explanation for the trading? Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703? Please respond immediately via SGXNET. Where appropriate, you may want to request a trading halt or a suspension of trading. Please contact Market Control (or, if you need to discuss the matter, your Account Manager in Issuer Regulation) immediately. Thank you for your cooperation. We have released this letter via SGXNET. Yours faithfully Kelvin Koh Vice President Head, Market Surveillance Risk Management & Regulation Notes: 1. Subject to limited exceptions in rule 703, an issuer must announce any information known to the issuer concerning it or any of its subsidiaries or associated companies which is necessary to avoid the establishment of a false market in the issuer’s securities, or would be likely to materially affect the price or value of its securities must be publicly disclosed (rule 703). 2. An issuer must undertake a review to determine the causes of any unusual trading activity (paragraph 20 of Appendix 7.1). 3. An announcement should, among other things, state whether the issuer or any of its directors are aware of the reasons for the unusual trading activity and whether there is any material information which has not been publicly disclosed (paragraph 31 of Appendix 7.1). 4. Your responsibility under listing rules is not confined to, or necessarily satisfied by, answering the questions in this letter.
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carsem Member	31-Jan-2012 16:49        carsem About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buying power for this counter  is really strong today..... I believe easy to  reach 5 cents tomorrow. Don't  miss the boat again, if you still haven't  bought this penny stock.
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andywen128 Member	31-Jan-2012 16:41        andywen128 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oops! Tomorrow should clear 5 cts! andywen128      ( Date: 31-Jan-2012 12:13) Posted: Tomorrow should clear 4cents. This is a fast and furious dragon ! carsem      ( Date: 31-Jan-2012 11:10) Posted: Still hold 200 lots at $0.022 ......Huat lar.....Big Ang Bao for me this dragon Year
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doldoves Member	31-Jan-2012 15:12        doldoves About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is the resistance & support line? anyone? thank you :)
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andywen128 Member	31-Jan-2012 12:13        andywen128 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tomorrow should clear 4cents. This is a fast and furious dragon ! carsem      ( Date: 31-Jan-2012 11:10) Posted: Still hold 200 lots at $0.022 ......Huat lar.....Big Ang Bao for me this dragon Year
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seanpent Elite	31-Jan-2012 11:23        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Other than AdvSCT ..... will InnoPac erupt anytime too ?
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carsem Member	31-Jan-2012 11:10        carsem About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still hold 200 lots at $0.022 ......Huat lar.....Big Ang Bao for me this dragon Year
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thunderdoor Senior	31-Jan-2012 10:52        thunderdoor About Contact  Quote this Post!
x 0   x 0  Alert Admin	3 months a bit too long, March can? haha! Huat ah! andywen128      ( Date: 31-Jan-2012 10:46) Posted: I think this will like Yoma - 8cents to 39cents in 3 months time!
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andywen128 Member	31-Jan-2012 10:46        andywen128 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think this will like Yoma - 8cents to 39cents in 3 months time!
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carsem Member	31-Jan-2012 09:40        carsem About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will reach 5 cents soon.......Don't miss the boat !
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thunderdoor Senior	31-Jan-2012 09:38        thunderdoor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Opened at 3c indeed! A lot more upside to this along with AEM I think.
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andywen128 Member	31-Jan-2012 08:48        andywen128 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This will open at 3 cents. Don't miss the boat!
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carsem Member	30-Jan-2012 12:44        carsem About Contact  Quote this Post!
x 0   x 0  Alert Admin	I believe today this counter will closed at $0.030
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andywen128 Member	30-Jan-2012 12:00        andywen128 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Going to break out 3cents soon ...
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eaton1977 Member	28-Jan-2012 11:23        eaton1977 About Contact  Quote this Post!
x 0   x 0  Alert Admin	brought 50 lots at 0.018 and 50 lots at 0.021. will accumulate upward till 10 cents if it is a turn around company
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carsem Member	27-Jan-2012 19:51        carsem About Contact  Quote this Post!
x 0   x 0  Alert Admin	I just bought 200 lots at  $0.022 this morning.... Huat.... did not expect this penny stock shiong at $0.028 at closing price..... If tomorrow shiong again.... sure will sell immediately to take some profit
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eaton1977 Member	27-Jan-2012 17:18        eaton1977 About Contact  Quote this Post!
x 0   x 0  Alert Admin	if copper price continue to surge upward, may be can see 5 cents soon
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carsem Member	27-Jan-2012 13:47        carsem About Contact  Quote this Post!
x 0   x 0  Alert Admin	This counter is very active today...... I believe there is huge fund coming in ...... Better grasp the opportunity before it is late as the price  is still very attractive to buy in.
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underdog2006 Member	03-Mar-2011 23:29        underdog2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just a clue to you as well, this is a completely different management team with the credentials and experience to turn things around.  You should find out more by following the recent management appointments and their profiles. In anycase, actions speak louder than words and clearly the most recent financial performance (both income growth and clearance of outstanding debts) will suggest that things are really turning around!  By all means wait for another year  but at which time I am confident the stock will be trading above 10 cents barring the collapse of the global economic recovery in that unfortunate event, all companies alike will be impacted. Advance SCT will be a  company to watch for the next 2-3 years indeed!
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Hulumas Supreme	02-Mar-2011 07:50        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	Just a clue to you! Management and financial status is still very weak!Need further one year for observation of its share performance. We can't expected dividend at least for another one year! underdog2006      ( Date: 02-Mar-2011 00:52) Posted: IF THIS ARE NOT SIGNS OF A SIGNIFICANT TURN-AROUND, I AM NOT SURE WHAT WILL BE. EXCITING TIMES AHEAD! Advance SCT turns around with S$6 million in net profit for FY2010 and a much healthier balance sheet Singapore, 1 March 2011 Mainboard‐ listed Advance SCT Ltd (the Company) released its full‐ year results for financial year 2010 today. The Company has turned around from a loss of S$43 million in 2009 to a gain of S$6 million in 2010. The Company has revealed that given limited working capital, it has moved away from the low‐ margin business of trading in LME‐ warehoused copper cathodes into the more sophisticated business of demolishing derelict or abandoned factories. This has resulted in a smaller than expected increase in revenue but a significant jump in gross profit. According to Simon Eng, Chairman and CEO of the Company, better cost control, increased productivity and improved risk management have also contributed towards the higher profit margin. The Balance Sheet of the Company has improved significantly as well. The Net Tangible Liabilities has been reduced from $62 million to $13 million and the Company has now a positive Net Current Assets of more than $9 million. According to Simon Eng, the Company will achieve positive NTA within the first half of 2011. Earning Per Share (EPS) stands at 1.45 cents as at 31 December 2010, a reversal from a negative EPS of 13.2 cents for the year ending 31 December 2009. Total borrowings have reduced from more than $71 million in 2009 to less than $33 million in 2010, with only $37,000 repayable within one year. With the easing of repayment obligations granted to the Company by its creditors, the Company is in a good position to improve its performance further. Having acquired technical expertise and respectable track records in the demolition business, the Company intends to develop this area of business as a core activity in its recycling division. Besides a stronghold in Singapore, the Company has established a foothold in the United States of America and is exploring more opportunities in other developed economies. According to Simon Eng, there are also exciting developments in the Company’s smelting and refining division. Current efforts to resume the manufacturing of aluminium and copper products in Malaysia and China will likely yield positive outcome in the second half of 2011.
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