| Latest Forum Topics / Renaissance United Last:0.001 -- |
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Neglected, Illiquid, Undervalue, Recovery counter
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hmphie
Senior |
26-Nov-2013 11:26
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On 16 February 2011, the Group?s wholly-owned subsidiary, Dimensi Cita Sdn Bhd entered into a Conditional Sale and Purchase Agreement (?S& P Agreement?) with Innopac Holdings Ltd, a company whose shares are listed and quoted on the Main Board of the SGX-ST, whereby Innopac acquired from Dimensi 100% of the issued an d paid-up ordinary shares capital of Enigma Venture (M) Sdn. Bhd. for a total consideration of S$2,000,000.00 Upon completion of the transaction on 10 April 2012, the Company received 200,000,000 new ordinary shares of Innopac at S$0.01 per share as full settlement of the consideration based on the S& P Agreement. At the time this represented 9.89% of the total number of Innopac?s issued shares.
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Bigmama
Master |
26-Nov-2013 11:02
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Because they is iso believers
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mlfbac
Veteran |
26-Nov-2013 10:49
Yells: "Make Life Fun But Always Considerate" |
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Funny thing. Some pple have so much negative views about ipco etc .. but they never sell all their shares when ipco high ... n never cut when ipco low.. paper traders? |
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guoyanyunyan
Elite |
26-Nov-2013 09:57
Yells: "uncertainty always exist" |
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会 买 的 是 徒 弟 会 卖 的 是 师 傅 | ||||
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Bigmama
Master |
26-Nov-2013 09:57
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Personally, I don't think they are a big deal. They will do nothing and even they buy ... It will be small amount (less than 3 million) and will at most shift it up 1 pip.
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Insanity
Member |
26-Nov-2013 09:44
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Yep also bcos of the amount of Blumont share IPCO has is a lot, if they start selling most prob will push down blumont share price...
And now knowing that CEO has personal stake in blumont, of cos she won't agreed to be the 1 responsible to crash Blumont's price... Only way they can run it properly is if the directors/CEO themselves are not invested in any of the shares own by IPCO, then might be a different story
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srichipan
Master |
26-Nov-2013 09:38
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Good point about dato and Edward lee. Almost forgot about them.
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Laggard
Member |
26-Nov-2013 09:36
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Yes, doing everything for themselves only, keeping their job and be paid. CEO and CFO. Been around for long time and no body ask them to quit. now she suing Goldman.... She do not have time for running Ipco! Time for change
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Insanity
Member |
26-Nov-2013 09:36
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What BigMama mentioned is correct. IPCO had 2.1m shares of Innopac at $0.01
With such bad sentiments in the market, it looks like it might really touch 0.019/0.018 However knowing that Dato / Edward and other shareholders bought it at $0.02, It will be interesting to see if they will try to jump in as a white knight anot to try to save their investments frm tanking below their purchased price |
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nqing87
Veteran |
26-Nov-2013 09:34
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as what bigmama said, ipco bought innopac at around 1-2cent couple of years ago.. but like blumont, it did not sell any of its shares to earn profit.. it added some few months ago at around 13 cents or so (cant remember).. we wont know what ipco is thinking.. maybe management slow to act, greedy, or some hidden agenda we never know.. |
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Bigmama
Master |
26-Nov-2013 09:24
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Yep..the management ...smart to buy .... Way too greedy not to sell ...... Or plain stupid. I think the CEO is more interested to make money for herself than run the company proper.
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new6ie
Senior |
26-Nov-2013 09:18
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In that case, they did not realize that they have made a fortune and failed to materialize the objective of making money thro' share trading which is somehow part of their activities. They could have announced huge profit, and Ipco's share price could have rocketed, but it didn't happen. So this is the puzzle. 2011, or 2012 did their results showed profits in share investing activities? I'm sorry, I am not into Ipco, so mostly only assumption from observations. Bigmama, you could be right. Happy trading.
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Bigmama
Master |
26-Nov-2013 09:07
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No they got it in 2011 or 2012 at sub 1 cents via placement I thought I read this in feb this year.
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new6ie
Senior |
26-Nov-2013 09:05
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From what I understand, they bought it this year, lowest was 9 cents in Jan 2013. If they had bought it in 2012, Ipco there could be a possibility they got it cheap. But if they had got it cheap, don't you think it would be in its best interest to have sold when Innopac was traded beyond 10 cents? Only Isolator knows. Lol.
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Bigmama
Master |
26-Nov-2013 08:52
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I thought they bought innopac at dirt cheap? Definitely not at 13 cents. It was 1 cents or less
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new6ie
Senior |
26-Nov-2013 07:17
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Very possible to go below 2 cents. If taking the price of Innopac at around ave of btw 13 cents to 14 cents bought by Ipco, and it obviously did not sell at the downturn of the sg penny market, it could have incurred big losses as the price of Innopac is now 3.2 cents, creating a book loss of 9.8 cents per share to a loss of 10.8 cents per share. The book loss is colossal not just big. Had it not invested at such a high price, it would still be safe, but the company obviously did not sell Thus the likelihood of Ipco going under deep waters cannot be ruled out. This might scare the light out of small shareholders, so dyodd..
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hmphie
Senior |
25-Nov-2013 15:09
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I think can see 17/18 on the horizon.
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moneycow
Master |
25-Nov-2013 14:51
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waiting for more at 1.8
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Bigmama
Master |
25-Nov-2013 09:01
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Rebound soon? | ||||
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Bigmama
Master |
22-Nov-2013 07:45
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I sold some at 4 plus cents to balance the current holding. I have change my target price to become target time to sell. I now think it is difficult to even see ipco reach 3 cent for this bull cycle.
I posted many time that we will not see the 4.7 cent price for the next 2 years or much more Those still hoping for 10 cents target set by iso may come true ....... Only via share consolidation 5 to 1 or worst.
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