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Thakral
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Thakral
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smartrader
Elite |
19-Feb-2010 20:00
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Good news. Acquired 1 mil at $0.075... incubate for growth and capital reduction...cheers !!! THAKRAL REPORTED NET PROFIT OF S$11.8 MILLION FOR FY09 ON THE BACK OF 15% RISE IN SALES TO S$438.8 MILLION �� margins from sales of consumer electronic products Group gross profit margin rose to 4.6% in FY09 from 3.5% in FY08 on better�� Expands consumer electronic product portfolio to include console game players |
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smartrader
Elite |
13-Feb-2010 15:13
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economics explained in a simple story... And this is how the story goes... It's a slow day in some little town. The sun is hot, the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich tourist from back west is driving thru town. He stops at the motel and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night. As soon as the man walks upstairs, the owner grabs the bill and runs next door to pay his debt to the butcher. The butcher takes the $100 and runs down the street to retire his debt to the pig farmer. The pig farmer takes the $100 and heads off to pay his bill at the feed store. The guy at the Farmer's Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her services on credit. She, in a flash rushes to the motel and pays off her room bill with the motel owner. The motel proprietor now places the $100 back on the counter so the rich traveler will not suspect anything. At that moment the traveler comes down the stairs, picks up the $100 bill, states that the rooms are not satisfactory, pockets the money & leaves. Now, no one produced anything...and no one earned anything...however the whole town is out of debt and is looking to the future with much optimism. And that, ladies and gentlemen is precisely how the Government is conducting business today!? Have a great week and try to look to the future with optimism. |
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smartrader
Elite |
11-Feb-2010 16:27
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economics... it could belong to 1-2 persons or more who needs to cash-out and cannot wait.. | ||||||||||||||||||
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singaporean
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11-Feb-2010 16:23
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7.5 cents less 5 cents cash distribution effectively wud cost a new investor 2.5 cents which appears tempting. But then why there are currently abt 1 million shares queueing to sell at 7.5 cents only? Why are these sellers not waiting for the 5 cents cash distribution? Do they know something which we don't? | ||||||||||||||||||
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smartrader
Elite |
11-Feb-2010 14:22
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7.5 cts is good entry price...got some today..cheers !! | ||||||||||||||||||
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ZebraCrossing
Senior |
04-Feb-2010 12:47
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Resolution Passed.. http://www.sgx.com/wps/portal/marketplace/mp-en/home... check out the results of the EGM held earlier.. In the letter to shareholders, it was mentioned that the payout should be completed in June 10. |
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hyruga
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20-Jan-2010 08:53
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share price was already at 6.5 cents before any announcement of cash distribution. TP: 11.5 cents.
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smartrader
Elite |
17-Jan-2010 11:21
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It will pass on 4 Feb and a date will be announced for the distribution of 5 cents to shareholders...grab anything below 8 cts from now till then..sure make.. | ||||||||||||||||||
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hyruga
Member |
17-Jan-2010 11:04
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THAKRAL CORPORATION LTD (Company Registration No. 199306606E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of THAKRAL CORPORATION LTD (the “Company”) will be held on 4 February 2010, Thursday at 10.30 a.m. at Phoenix Ballroom II, Level 6, Novotel Singapore Clarke Quay, 177A River Valley Road, Singapore 179031 to consider and if thought fit, to pass with or without any amendments, the following resolution as a special resolution: Resolution 1: Special Resolution The proposed Capital Reduction and Cash Distribution That, pursuant to Article 50 of the Articles of Association of the Company and subject to the relevant approval of the High Court of the Republic of Singapore: (1) the paid-up share capital of the Company be reduced by the sum of up to S$130.61 million and that such reduction be effected by a cash distribution to the shareholders of the Company of S$0.05 for each fully paid-up ordinary share in the capital of the Company held as at a books closure date to be determined by the Directors; and (2) the Directors and each of them be and are hereby authorised to do all acts and things and to execute all such documents as they or he/she may consider necessary or expedient to give effect to this Resolution 1 (including without limitation to the foregoing, to negotiate, sign, execute and deliver all documents, approve any amendments, alterations or modifications to any document (if so required)). BY ORDER OF THE BOARD Tan Ping Ping Company Secretary Date: 13 January 2010 Notes: 1. A member of the Company entitled to attend and vote at the Extraordinary General Meeting (the “Meeting”) is entitled to appoint not more than two (2) proxies to attend and vote in his/her stead. A proxy need not be a member of the Company. 2. The instrument appointing a proxy must be deposited at the registered office of the Company at 20 Upper Circular Road, #03-06 The Riverwalk, Singapore 058416 not less than forty-eight (48) hours before the time for holding the Meeting. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_AACA24D03F8E2BEA482576A90023442E/$file/ThakralCorp_EGM_Notice_20100113.pdf?openelement |
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smartrader
Elite |
04-Jan-2010 23:43
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All done at 8 cts today...
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smartrader
Elite |
30-Dec-2009 20:16
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Share placement completed. Time to push up the share price... The Board of Directors of Thakral Corporation Ltd (the “Company”) refers to the Company’s announcement on 15 December 2009 in relation to the notification of share placement by substantial shareholder (announcement no. 00025) and wishes to inform that Venture Delta Limited (“VDL”) has updated the Company that their placement agent, CIMB–GK Securities Pte. Ltd., has entered into agreements for the placement of a further 340,000,000 shares of the Company owned by VDL at a price of S$0.03 per share on an ex-distribution basis after capital reduction. A total of 536,000,000 shares (comprising the aforementioned 340,000,000 shares and the 196,000,000 shares referred to in the Company’s announcement on 15 December 2009) of the Company owned by VDL have been placed out under placement agreements as at 30 December 2009. The above-mentioned share placement is conditional upon the completion of the capital reduction exercise and cash distribution of S$0.05 per issued share in the capital of the Company to all entitled shareholders in full compliance with all applicable laws as announced by the Company on 1 December 2009 (announcement no. 00025). By Order of the Board Kartar Singh Thakral Chairman 30 December 2009 Singapore |
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smartrader
Elite |
22-Dec-2009 17:27
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smartrader
Elite |
22-Dec-2009 14:25
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I do not understand VDL's intention but have put my faith in the chairman's foresight --- based on cash alone , it is worth more than current 8cts...and it is profitable .. so more upside.. | ||||||||||||||||||
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Sporeguy
Elite |
21-Dec-2009 23:06
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Thakral family do it mainly for control of the company, secondly use the 5c distribution to buy share at 3c cheaply. The minority share-holders can only benefit from the second reason only if the share price will rise. HLA got felt-up with them as Thakral share is always icbc type. | ||||||||||||||||||
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smartrader
Elite |
21-Dec-2009 21:24
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How to ? We have no card to play at all, so no strategy to talk about.... hope by the time we get the 5cts and the stock market is in great bull run, then the share price may shoot back to pre-distribution level... | ||||||||||||||||||
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Sporeguy
Elite |
21-Dec-2009 20:43
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Do you it is bright for anyone to do a Thakral strategy ?
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smartrader
Elite |
21-Dec-2009 20:38
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You are right if you view in this light -- if they do not need to undertake to place out the 550mil shares, they can keep the money for other purposes too.. I guess the placement exercise has to be completed at certain time frame.. |
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Sporeguy
Elite |
21-Dec-2009 20:28
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Looks like the Thakral family will get 5c from their own shares to pay the 3c to major shareholder's shares. So Thakral family will not have come out any cash, in fact got extra cash.
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smartrader
Elite |
21-Dec-2009 19:57
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No. Thakral did not get the 5 cts distribution for the placement shares. It is done to "appease" the major shareholder with undertaking to place out their shares... if not there will be an extraordinary meeting... http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_68568D6EF8E236F7482576810031636B/$file/VDL_GSS_WithdrawalLetter20091203.pdf?openelement |
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ZebraCrossing
Senior |
21-Dec-2009 18:15
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They are like 'taking' money from their own company.. but in a legal manner!! | ||||||||||||||||||
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