ShareJunction - Member Posts

Back

Latest Posts By ozone2002 - Supreme

About ozone2002

First < Newer 4561-4580 of 7452 Older> Last

09-Jan-2010 10:44

$ AdvSys / what happened to this stupid counter

Go to Message

x 0

those who have the share will be a rich man..congrats :)

ASA to buy Chinese textile firm Thinkgreat

It'll sell its current business producing semiconductor equipment to ASTI Holdings

By CHEW XIANG

CATALIST-listed Advanced Systems Automation (ASA) yesterday said it will be buying a Chinese fabric maker and selling its present business producing semiconductor equipment to controlling shareholders ASTI Holdings.

Thinkgreat Investments, a textile business which will now be listed through the reverse takeover, will cost $5 million in cash and $260 million in 928.6 million new shares at 28 cents apiece, ASA said.

The deal will also see ASTI - which now owns 39 per cent of the company - capitalising some $19 million in outstanding loans owed to it by ASA into new shares. Another $8.6 million in outstanding loans will be set off as consideration for businesses that ASTI is buying.

ASA will also raise further capital by undertaking a two-for-five rights issue, with a detachable warrants issue, and also issue $25 million in one per cent notes to an investment fund.

The one cent per share rights issue could raise $19.4 million with the detachable warrants, issued at two-for-five rights issue shares, raising another $3.9 million if fully exercised.

After the rights and warrants issue, divestment and notes placement, the shares will undergo a 15-to-1 consolidation before the issue of new shares to acquire Thinkgreat.

ASA said the reverse takeover was in the best interests of the company as the outlook for its business 'is increasingly challenging in the current economic climate'.

The company could find it difficult to get finance to operate efficiently and to sustain the business, ASA said. 'The directors are of the view that the proposed acquisition offers an opportunity to acquire a profitable business in the textile industry which would likely enhance shareholder value.'

Thinkgreat's most recent unaudited results show a net profit of 121 million yuan (S$24.7 million) for the year ended Dec 31, 2008, on sales of 612.3 million yuan. The present Chinese vendors will own more than half the post-acquisition company following the deal.

The deal is dependent on satisfactory due diligence, and regulatory and shareholder approvals for the entire package.

For the third quarter to Sept 30, ASA lost $1.5 million on sales of $3.2 million. Over the nine-month period, losses came to $5.3 million on sales of $9.7 million, about half the $19.8 million in sales achieved for the same period the previous year.

Trading in the stock has been halted since Wednesday and will resume Monday morning.

Good Post Bad Post

09-Jan-2010 09:56

Keppel / keppel Corp

Go to Message

x 0

perfect opportunity to buy on dip on fri..

i'm holding on to this baby..

Good Post Bad Post

07-Jan-2010 17:15

Midas / Midas

Go to Message

x 0

K-box, Cash box, jack in the box - let's go to all of em.. :)

Bon3260 ( Date: 07-Jan-2010 16:17) Posted:

How? K-Box?

('',)

ozone2002 ( Date: 07-Jan-2010 16:12) Posted:

Midas hit $1 more than 3 times..

so means we go karaoke >3 times also :)

Good Post Bad Post

07-Jan-2010 17:00

China New Town / ChinaNTown

Go to Message

x 0

that's a lot of volume today @ 14c..

something brewing..

Good Post Bad Post

07-Jan-2010 16:12

Midas / Midas

Go to Message

x 0

Midas hit $1 more than 3 times..

so means we go karaoke >3 times also :)

Good Post Bad Post

07-Jan-2010 15:24

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

Go to Message

x 0

rome was not built in a day..

Good Post Bad Post

07-Jan-2010 11:24

Midas / Midas

Go to Message

x 0

u owe me a drink @ the karaoke session.. make u drunk for call me 60! keke

oinkoink1999 ( Date: 05-Jan-2010 23:24) Posted:

Hi Bon3260..wow u really 60s liao...no la the forummers here will wish u long life and hope to see yr posting again..lets huat together..as for ozone2002..no hard feelings..just pulling yr leg..i know u only 20 something nia.. :P

good luck to all tomorrow~!

Bon3260 ( Date: 05-Jan-2010 22:19) Posted:

Ya lah, me oredi reached 60s. As 4 Ozone2002, U hv 2 ask him/her lor. If u all din c me posting 4 a long time like Cheong Wee like dat suddenly disappeared... Means I oredi submitted my I/C liao..

Good Post Bad Post

07-Jan-2010 11:21

Midas / Midas

Go to Message

x 0

eh where's the karaoke? no one organise ah?

Good Post Bad Post

07-Jan-2010 11:19

Keppel / keppel Corp

Go to Message

x 0

yo alex u also same same with me..

u sold ur SIA? hit ur TP $15

Good Post Bad Post

07-Jan-2010 10:51

Keppel / keppel Corp

Go to Message

x 0

wowwiee.. $8.6! oil US$83! ride the oil slick..keke

ozone2002 ( Date: 05-Jan-2010 10:18) Posted:

VESTED 8.27!!

ozone2002 ( Date: 04-Jan-2010 23:46) Posted:

this is not moving in tandem with oil prices..

looks good for an entry..

~8.25-8.28 should be good..

will vest on tues.. oil $81!!

Good Post Bad Post

07-Jan-2010 10:49

Genting Sing / GenSp starts to move up again

Go to Message

x 0

i'm so glad at least u have some sense.. :)

u have a bright future..

kakigenting ( Date: 07-Jan-2010 10:01) Posted:

1.50? I heard this thousand times already. I think before it get into 1.50, we may earn few times in other counters already ...ZZZZZZZzzzzzzzzz Smiley

Good Post Bad Post

06-Jan-2010 18:12

Genting Sing / GenSp starts to move up again

Go to Message

x 0

Genting Singapore rides novelty wave

By ARTHUR SIM

GENTING Singapore appears to be on a roll with its share price increasing from about $1.17 per share just before Christmas to hit almost $1.30 per share yesterday. This despite news that its junket business may be affected by strict regulations in the future.

Getting a headstart: Mel's Drive-In, a Universal Studios theme park attraction, is scheduled to open at Resorts World at Sentosa in the first quarter of 2010

The increase of around 10 per cent over a two-week period can largely be attributed to the revelation that its Resorts World at Sentosa (RWS) will very likely open before Las Vegas Sands' (LVS) Marina Bay Sands, confirmed, more or less, by LVS chairman Sheldon Adelson who said its resort will open in the second quarter of 2010.

The perceived advantage is that RWS's casino could have a headstart in developing a base of Singaporean regulars who will likely choose to pay a $2,000 annual entrance fee over the $100 daily entrance fee, thus locking in their choice destination.

The release of Casino Regulatory Authority's (CRA) junket licensing regime also failed to dampen investor sentiments.

In a research note, CIMB analysts said that while stringent regulations could threaten RWS's VIP gaming revenue, 'we think that such concerns are largely long-term in nature'.

CIMB added: 'Over the short-term, we believe that the novelty effect would naturally drive in the punters, allowing RWS to nurture its higher-margined in-house VIP market by leveraging on the Genting Group's extensive gaming foothold and clientele base.'

After acknowledging downside risks like having to extend credit to in-house VIP clients, CIMB still retained its FY10-11 revenue projections for Genting Singapore of $2.94 billion and $3.57 billion respectively.

Analysts at JP Morgan say the strict junket regulations were 'expected' and appear to have priced this in. Their revenue forecasts for Genting Singapore in FY10-11 are even higher at $3.54 billion and $4.11 billion respectively.

Even analysts at Goldman Sachs, who are the least bullish with a 'sell' call on the stock, have revenue projections for FY10-11 of $2.97 billion and $3.68 billion respectively.

The assumption, it seems, is that there will be significant business generated by VIP casino clients with at least a couple of major junket promoters applying for licences to operate in Singapore. The consensus is that they will bring in about 40-50 per cent of total gaming revenue.

But a look at the actual application forms for junket licences which was released by CRA a few days after it released the junket regulations reveals that the probity checks on promoters are as strict as those for casino operators.

For example, applicants have to declare if they, their spouses or children, have made loans over $25,000 in the last 10 years. Applicants also have to list all assets, bank accounts (foreign and domestic) and business activities for the last 15 years.

It seems Mr Adelson may be right when he said recently that junket promoters will not come to Singapore.

Apart from opening the casino on time - the official date is still Q1'10 - there is another hurdle that Genting Singapore will have to contend with, and that is how rigorously the government here intends to regulate credit facilities offered by casinos and junket promoters. Should these prove to be strict as well, some high-rollers may not be able to arrange credit with either the casino or junket promoters to gamble with.

If that happens, it may then be time to review revenue projections.

Good Post Bad Post

06-Jan-2010 17:45

S i2i / MediaRing

Go to Message

x 0

can rope in the SPICE girls..make it more spicy..

Good Post Bad Post

06-Jan-2010 16:12

S i2i / MediaRing

Go to Message

x 0

overhyped.. hence price will overshoot..

better to sell on euphoria and go in again when it settles down..

my 2 cents worth

Good Post Bad Post

06-Jan-2010 16:10

Genting Sing / GenSp starts to move up again

Go to Message

x 0

it takes a while for BBs to pare down their holdings..since they hold large lots..

Good Post Bad Post

06-Jan-2010 15:50

S i2i / MediaRing

Go to Message

x 0

married deal many many

Good Post Bad Post

06-Jan-2010 14:26

Yanlord Land / Lord of China Prop

Go to Message

x 0

early stage in move up..

wait for overbought then sell..

Good Post Bad Post

06-Jan-2010 13:11

Citic Envirotech / United Envirotech

Go to Message

x 0

gotta break 34.5 to fly

Good Post Bad Post

06-Jan-2010 13:08

Yanlord Land / Lord of China Prop

Go to Message

x 0

chiong ..2.23 :)

perfect call..

ozone2002 ( Date: 29-Dec-2009 10:14) Posted:

technically oversold..

buy for tech rebound..

Good Post Bad Post

06-Jan-2010 11:50

Olam Intl / Ramping up its capex

Go to Message

x 0

2.74! commodities stock rule!

noble gAR indo wilmar straits olam.. oh yeah!

Good Post Bad Post

First < Newer 4561-4580 of 7452 Older> Last

ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.