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KepoChicken Senior	26-Aug-2013 13:22        KepoChicken About Contact  Quote this Post!
x 0   x 0  Alert Admin	this stock is useless stock... not even 1 ppl want to buy 0.081... sigh josephyeo      ( Date: 26-Aug-2013 12:56) Posted: 8.2 million shares done at 8 cts as of 12.56pm
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josephyeo Member	26-Aug-2013 12:56        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	8.2 million shares done at 8 cts as of 12.56pm
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josephyeo Member	26-Aug-2013 09:51        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Today's price : 8.0 cts (as of 9.50am) Sales price : 10.4 cts ($70000000 / 668 millions shares)   josephyeo      ( Date: 24-Aug-2013 15:04) Posted: Re : Oakwell below quote for youe info - 5. COMPLETION DATE (a) The completion of the Proposed Disposal (?Completion?) shall take place on 31 October 2013 (?Completion Date?) or any other date as may be mutually agreed in writing between the parties to the CSPA. (b) The Purchasers will not be obliged to complete the purchase of the Sale Shares under the CSPA unless the Company complies fully with its obligations under CSPA and unless the purchase of all of the Sale Shares is completed simultaneously.
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josephyeo Member	25-Aug-2013 23:27        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	josephyeo      ( Date: 21-Aug-2013 12:43) Posted: Quote : 1. INTRODUCTION The Board of Directors of Oakwell Engineering Limited (the ?Company?, and collectively, with its subsidiaries, are referred to as the ?Group?) wishes to announce that following the execution of the Letter of Intent on 23 May 2013, it has entered into a conditional sale and purchase agreement (?CSPA?) with Sonepar Asia Pacific Limited (?Sonepar?) and Elec Holdings Limited (?Elec?) (collectively referred to as the ?Purchasers?) on 20 August 2013 for the sale of 100% of the total paid-up and issued share capital (the ?Sale Shares?) of Oakwell Distribution (S) Pte Ltd (?ODS?) for a base consideration of S$70,000,000 (the ?Base Consideration?) with an adjustment amount (?Adjustment Amount?) (collectively, referred to as the ?Consideration?) in accordance with the terms and conditions of the CSPA (the ?Proposed Disposal?). Comments : Just to share with you above quote on the proposed sale of a subsidiary by Oakwell. Oakwell is currently capitalised at $54.1 mil based on share price of 8.1 cts and 668.3 mil shares. The proposed sale of subsidiary is agreed at $70 mil which is 29% above it's current capitalisation.For details, pls refer to their annoucement today (21 august 2013). would anyone care to comment??? onefinanceasia.com/.../89769-OAKWELL-ENGINEERING-LIMITED.html... Project_Bungalow_Signing_SPA.pdf
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josephyeo Member	24-Aug-2013 15:04        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Re : Oakwell below quote for youe info - 5. COMPLETION DATE (a) The completion of the Proposed Disposal (?Completion?) shall take place on 31 October 2013 (?Completion Date?) or any other date as may be mutually agreed in writing between the parties to the CSPA. (b) The Purchasers will not be obliged to complete the purchase of the Sale Shares under the CSPA unless the Company complies fully with its obligations under CSPA and unless the purchase of all of the Sale Shares is completed simultaneously.
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josephyeo Member	24-Aug-2013 15:00        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Be patient with this one ... agreement due to complete end oct ... just slightly more than 2 mths.   josephyeo      ( Date: 23-Aug-2013 16:14) Posted: It seems that the management is committed to distribute dividend from the sale of the subsidiary. I believe the dividend will be quite meaningful as happened in other companies when they decide to sell off parts of their business. In this case the sum involved is very substantial ... $70 million which is higher by close to 30% than the company capitalisation of $54.1 millions.(The $54.1 millions is based on share price of 8.1cts) See quote below on how they intend to use the proceeds from the sale : Quote : 7. INTENDED USE OF THE PROPOSED DISPOSAL PROCEEDS It is the intention of the Directors to deploy the proceeds from the Proposed Disposal to fund future acquisitions and its working capital, consider reducing its bank borrowing and provide a dividend distribution. The Company will make the necessary announcements as and when such funds are materially disbursed and subsequently provide a status report on the use of such proceeds and any material deviations therefrom in its annual report. Pending the deployment of the net proceeds from the Proposed Disposal, the net proceeds may be deposited with banks and/or financial institutions, invested in short-term money market instruments and/or marketable securities, or used for any other purpose on a short-term basis, as the Directors may, in their absolute discretion, deem fit. onefinanceasia.com/.../89769-OAKWELL-ENGINEERING-LIMITED.html...
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josephyeo Member	23-Aug-2013 16:14        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	It seems that the management is committed to distribute dividend from the sale of the subsidiary. I believe the dividend will be quite meaningful as happened in other companies when they decide to sell off parts of their business. In this case the sum involved is very substantial ... $70 million which is higher by close to 30% than the company capitalisation of $54.1 millions.(The $54.1 millions is based on share price of 8.1cts) See quote below on how they intend to use the proceeds from the sale : Quote : 7. INTENDED USE OF THE PROPOSED DISPOSAL PROCEEDS It is the intention of the Directors to deploy the proceeds from the Proposed Disposal to fund future acquisitions and its working capital, consider reducing its bank borrowing and provide a dividend distribution. The Company will make the necessary announcements as and when such funds are materially disbursed and subsequently provide a status report on the use of such proceeds and any material deviations therefrom in its annual report. Pending the deployment of the net proceeds from the Proposed Disposal, the net proceeds may be deposited with banks and/or financial institutions, invested in short-term money market instruments and/or marketable securities, or used for any other purpose on a short-term basis, as the Directors may, in their absolute discretion, deem fit. onefinanceasia.com/.../89769-OAKWELL-ENGINEERING-LIMITED.html...
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josephyeo Member	23-Aug-2013 16:07        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	as of 4.05pm ... 2,610,000 shares done at 8.1 cts and 1,753,000 shares done at 8.0 cts
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josephyeo Member	23-Aug-2013 12:24        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	now trading at 8 cts
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josephyeo Member	22-Aug-2013 16:37        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	I am vested for the following reasons : 1.the company is capitalised at $54.1 mil and the sale of the subsidiary is agreed on at a price of $70.0 mil. this is $15.9 mil more than the capitalisation. 2. the term of payment is in cash. 80% on final agreement and balance of 20% over 2 years. 3.there is a commitment that some cash will be distributed as dividend when the whole deal is through 4. at current price of 8cts I rate my investment as low risk given the commitment on dividend which i think is likely to be quite substantial relative to it's share price and the amount of cash the company would be getting assuming that the deal pull through. Above are just my feelings about the my investment. Do, do own analysis n draw your own conclusion.
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josephyeo Member	22-Aug-2013 11:17        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	subsidiary to be sold at $70 million ..
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josephyeo Member	22-Aug-2013 09:17        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	open at 8 cts ... large number of buyers n sellers
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josephyeo Member	22-Aug-2013 02:14        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	the company is committed to distribute dividend which i would believe to be quite substantial relative to it's share price of 8.1 cts ... see below quote :   INTENDED USE OF THE PROPOSED DISPOSAL PROCEEDS It is the intention of the Directors to deploy the proceeds from the Proposed Disposal to fund future acquisitions and its working capital, consider reducing its bank borrowing and provide a dividend distribution. The Company will make the necessary announcements as and when such funds are materially disbursed and subsequently provide a status report on the use of such proceeds and any material deviations therefrom in its annual report. Pending the deployment of the net proceeds from the Proposed Disposal, the net proceeds may be deposited with banks and/or financial institutions, invested in short-term money market instruments and/or marketable securities, or used for any other purpose on a short-term basis, as the Directors may, in their absolute discretion, deem fit.
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josephyeo Member	21-Aug-2013 18:53        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	close at 8.1 cts
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josephyeo Member	21-Aug-2013 12:43        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Quote : 1. INTRODUCTION The Board of Directors of Oakwell Engineering Limited (the ?Company?, and collectively, with its subsidiaries, are referred to as the ?Group?) wishes to announce that following the execution of the Letter of Intent on 23 May 2013, it has entered into a conditional sale and purchase agreement (?CSPA?) with Sonepar Asia Pacific Limited (?Sonepar?) and Elec Holdings Limited (?Elec?) (collectively referred to as the ?Purchasers?) on 20 August 2013 for the sale of 100% of the total paid-up and issued share capital (the ?Sale Shares?) of Oakwell Distribution (S) Pte Ltd (?ODS?) for a base consideration of S$70,000,000 (the ?Base Consideration?) with an adjustment amount (?Adjustment Amount?) (collectively, referred to as the ?Consideration?) in accordance with the terms and conditions of the CSPA (the ?Proposed Disposal?). Comments : Just to share with you above quote on the proposed sale of a subsidiary by Oakwell. Oakwell is currently capitalised at $54.1 mil based on share price of 8.1 cts and 668.3 mil shares. The proposed sale of subsidiary is agreed at $70 mil which is 29% above it's current capitalisation.For details, pls refer to their annoucement today (21 august 2013). would anyone care to comment??? onefinanceasia.com/.../89769-OAKWELL-ENGINEERING-LIMITED.html... Project_Bungalow_Signing_SPA.pdf
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