logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Forex Investor Insights Investment News Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back
First   < Newer   21-40 of 235   Older>   Last  
Latest Forum Topics / Novo Group  Post Reply
Any opinion about Novo Group
grandmaster89
Veteran
18-Jun-2010 02:12     
 
grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood: peace
  x 0
  x 0

 Alert Admin 		Results out on Monday :)
 Useful To Me  Not Useful To Me
kiasiDBT
Veteran
17-Jun-2010 14:45     
 
kiasiDBT About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Novo CHEONG ARHHHHHHHHHH............................
 Useful To Me  Not Useful To Me


lol88888
Member
17-Jun-2010 02:03     
 
lol88888 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		buy up this multibagger now!! 0.205 ! dual listing approving soon + results! please dun miss this boat!!!!! BBs already started collecting!!!
 Useful To Me  Not Useful To Me
kiasiDBT
Veteran
16-Jun-2010 14:59     
 
kiasiDBT About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Novo CHEONG ARHHHHHHHHHH............................
 Useful To Me  Not Useful To Me
kiasiDBT
Veteran
08-Jun-2010 23:44     
 
kiasiDBT About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Hope this is good news to Novo:

 

Rio, BHP to hike iron ore prices in Japan
report AFP - Wednesday, June 9

TOKYO (AFP) - – Anglo-Australian mining groups Rio Tinto and BHP Billiton plan to raise iron ore prices by up to 23 percent in the July-September period, a Japanese media report said on Tuesday.

The Nikkei business daily said that the second consecutive quarterly hike would see iron ore priced at around 147 dollars per tonne between July and September -- an increase of 140 percent on the financial year ended March.

Another global giant, Brazil's Vale, is expected to follow suit, the report said.

The report said that Japanese steel companies -- which have agreed to negotiate prices on a quarterly basis instead of annually from this fiscal year -- are likely to accept the new deal.

Leading steelmakers in Japan agreed on a 55 percent increase in the price of coking coal and a 100 percent markup of iron ore for the April-June quarter.

Prices paid by Japanese and South Korean steel giants are generally used as a reference for the rest of the world industry.

In an attempt to pass on the higher costs, Nippon Steel Corp and others have notified auto makers and other large buyers that steel prices will be raised and that the pricing period will be shortened.

Shares in Japanese steelmakers such as Nippon Steel and JFE Holdings came under selling pressure on Tuesday as news of the price hike combined with concerns about the long term outlook for Asian steel demand.

Nippon Steel closed 0.98 percent lower while JFE lost 1.07 percent.

Source: http://sg.news.yahoo.com/afp/20100608/tbs-australia-britain-japan-mining-rioti-fc10a48.html
 Useful To Me  Not Useful To Me


kiasiDBT
Veteran
08-Jun-2010 18:59     
 
kiasiDBT About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Wah.... this thread so quiet for 7 days liow, all lost interest liow... si boh...

grandmaster89      ( Date: 01-Jun-2010 22:24) Posted:

They will be releasing FY results on June 21. 

The Listing Committee will only consider the application in a few months time (judging by Sound Global and Z Obee experience) so Novo's CEO is jumping ahead of the pack. The CEO knows that as long as Novo limits its 4Q loss (if any) to US$5 million, he meets the profit test. But since 4Q ended in April 31 and Novo has been making good earnings over the past few quarters, he must be confident in Novo's ability to report FY earnings of at least HK$30 million on June 21.

Alternatively, Novo is using its 3 year financial test dates from 3Q 07 - 3Q 10



kenkenken      ( Date: 01-Jun-2010 22:18) Posted:

Great that you have reply GM69, but the question that ponder me is that they should also present us the 4th qtr result today since they have make an application to SEHK (with the 3FY result but 4th qtr result are yet to be announce in SGX till mid June unless the application does not need to submit 3 year result)

Currently, from my observation, i believe they have met all the requirements of Minimum market capitalisation, Minimum public float and Spread of shareholders except for the profit test we are waiting.
 Useful To Me  Not Useful To Me
grandmaster89
Veteran
01-Jun-2010 22:24     
 
grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood: peace
  x 0
  x 0

 Alert Admin

They will be releasing FY results on June 21. 

The Listing Committee will only consider the application in a few months time (judging by Sound Global and Z Obee experience) so Novo's CEO is jumping ahead of the pack. The CEO knows that as long as Novo limits its 4Q loss (if any) to US$5 million, he meets the profit test. But since 4Q ended in April 31 and Novo has been making good earnings over the past few quarters, he must be confident in Novo's ability to report FY earnings of at least HK$30 million on June 21.

Alternatively, Novo is using its 3 year financial test dates from 3Q 07 - 3Q 10



kenkenken      ( Date: 01-Jun-2010 22:18) Posted:

Great that you have reply GM69, but the question that ponder me is that they should also present us the 4th qtr result today since they have make an application to SEHK (with the 3FY result but 4th qtr result are yet to be announce in SGX till mid June unless the application does not need to submit 3 year result)

Currently, from my observation, i believe they have met all the requirements of Minimum market capitalisation, Minimum public float and Spread of shareholders except for the profit test we are waiting.



grandmaster89      ( Date: 01-Jun-2010 21:10) Posted:

Yes...it is an application...SEHK Listing Committee must view its application first. 

Novo should be able to qualify provided 4Q 10 doesn't screw up.

FY 08 - US$11.6 million = HK$90.2 million
FY 09 - US$1.56 million = HK$12.1 million
9M 10 - US$10.1 million = HK$78.5 million

2 Year + 9 M Earning = HK$180.8 million (SEHK merely requires HK$50 million earnings).

Currently its market cap is around S$150 million. 4Q 10 ended in 31 April 2010. I guess the CEO must be confident that the Group will report a profit in Q4 as well.

The recent share placements and sale of treasury shares boosted the public float to over 25% so as to meet the listing requirement.



 Useful To Me  Not Useful To Me
kenkenken
Senior
01-Jun-2010 22:18     
 
kenkenken About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Great that you have reply GM69, but the question that ponder me is that they should also present us the 4th qtr result today since they have make an application to SEHK (with the 3FY result but 4th qtr result are yet to be announce in SGX till mid June unless the application does not need to submit 3 year result)

Currently, from my observation, i believe they have met all the requirements of Minimum market capitalisation, Minimum public float and Spread of shareholders except for the profit test we are waiting.



grandmaster89      ( Date: 01-Jun-2010 21:10) Posted:

Yes...it is an application...SEHK Listing Committee must view its application first. 

Novo should be able to qualify provided 4Q 10 doesn't screw up.

FY 08 - US$11.6 million = HK$90.2 million
FY 09 - US$1.56 million = HK$12.1 million
9M 10 - US$10.1 million = HK$78.5 million

2 Year + 9 M Earning = HK$180.8 million (SEHK merely requires HK$50 million earnings).

Currently its market cap is around S$150 million. 4Q 10 ended in 31 April 2010. I guess the CEO must be confident that the Group will report a profit in Q4 as well.

The recent share placements and sale of treasury shares boosted the public float to over 25% so as to meet the listing requirement.



kenkenken      ( Date: 01-Jun-2010 20:05) Posted:



Not sure if the application to SEHK mean that they have already finalize the 3 year account and if so

which 3 year did they use as they need to complete the FY2010 account to meet the 3 year net profit  requirement.
is it just an application only, anyone?
 Useful To Me  Not Useful To Me


grandmaster89
Veteran
01-Jun-2010 21:10     
 
grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood: peace
  x 0
  x 0

 Alert Admin

Yes...it is an application...SEHK Listing Committee must view its application first. 

Novo should be able to qualify provided 4Q 10 doesn't screw up.

FY 08 - US$11.6 million = HK$90.2 million
FY 09 - US$1.56 million = HK$12.1 million
9M 10 - US$10.1 million = HK$78.5 million

2 Year + 9 M Earning = HK$180.8 million (SEHK merely requires HK$50 million earnings).

Currently its market cap is around S$150 million. 4Q 10 ended in 31 April 2010. I guess the CEO must be confident that the Group will report a profit in Q4 as well.

The recent share placements and sale of treasury shares boosted the public float to over 25% so as to meet the listing requirement.



kenkenken      ( Date: 01-Jun-2010 20:05) Posted:



Not sure if the application to SEHK mean that they have already finalize the 3 year account and if so

which 3 year did they use as they need to complete the FY2010 account to meet the 3 year net profit  requirement.
is it just an application only, anyone?
 Useful To Me  Not Useful To Me
kenkenken
Senior
01-Jun-2010 20:05     
 
kenkenken About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Not sure if the application to SEHK mean that they have already finalize the 3 year account and if so

which 3 year did they use as they need to complete the FY2010 account to meet the 3 year net profit  requirement.
is it just an application only, anyone?
 Useful To Me  Not Useful To Me
grandmaster89
Veteran
01-Jun-2010 19:34     
 
grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood: peace
  x 0
  x 0

 Alert Admin 		My EPS figure is incorrect. The 9M 10 EPS should be US$0.0155.

grandmaster89      ( Date: 01-Jun-2010 19:24) Posted:

9M 10

Revenue: US$345.7 million

Net Profit: US$10.1 million

EPS: US$0.155

Share Price: S$0.160

Hopefully SEHK will approve Novo's listing....



Hulumas      ( Date: 01-Jun-2010 19:15) Posted:

BUY?
 Useful To Me  Not Useful To Me
grandmaster89
Veteran
01-Jun-2010 19:24     
 
grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood: peace
  x 0
  x 0

 Alert Admin

9M 10

Revenue: US$345.7 million

Net Profit: US$10.1 million

EPS: US$0.155

Share Price: S$0.160

Hopefully SEHK will approve Novo's listing....



Hulumas      ( Date: 01-Jun-2010 19:15) Posted:

BUY?

grandmaster89      ( Date: 01-Jun-2010 19:11) Posted:



PROPOSED DUAL PRIMARY LISTING ON THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “SEHK”) - APPLICATION TO THE SEHK

Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings as in the Company's announcement in relation to the Proposed Listing dated 7 January 2010.

Further to the announcement made on 7 January 2010 in relation to the proposed dual primary listing on the main board of the SEHK, the Company has made an application to the SEHK for the listing of, and permission to deal in, all the Shares on the main board of the SEHK.

The Board wishes to highlight to Shareholders that as the Proposed Listing is subject to, among others, the approval of SEHK and relevant authorities and the approval of
Shareholders at an extraordinary general meeting to be convened, the Proposed Listing may or may not occur.

There is no assurance that approval of the SEHK and/or the listing committee of the SEHK for the Proposed Listing and the listing of, and permission to deal in, the Shares, on the main board of the SEHK will be granted and/or the approval of the Shareholders will be obtained.

The Company will announce any material updates when appropriate. Shareholders and other investors are reminded to exercise caution when dealing in the Shares. In the event that Shareholders and other investors are in doubt when dealing in the Shares, they should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.

BY ORDER OF THE BOARD
Yu Wing Keung, Dicky
Executive Chairman
1 June 2010


 Useful To Me  Not Useful To Me


Hulumas
Supreme
01-Jun-2010 19:15     
 
Hulumas About Contact  Quote this Post! Style: Flexible   Mood: cool
Yells: "INVEST but not TRADE please!"
  x 0
  x 0

 Alert Admin 		BUY?

grandmaster89      ( Date: 01-Jun-2010 19:11) Posted:



PROPOSED DUAL PRIMARY LISTING ON THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “SEHK”) - APPLICATION TO THE SEHK

Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings as in the Company's announcement in relation to the Proposed Listing dated 7 January 2010.

Further to the announcement made on 7 January 2010 in relation to the proposed dual primary listing on the main board of the SEHK, the Company has made an application to the SEHK for the listing of, and permission to deal in, all the Shares on the main board of the SEHK.

The Board wishes to highlight to Shareholders that as the Proposed Listing is subject to, among others, the approval of SEHK and relevant authorities and the approval of
Shareholders at an extraordinary general meeting to be convened, the Proposed Listing may or may not occur.

There is no assurance that approval of the SEHK and/or the listing committee of the SEHK for the Proposed Listing and the listing of, and permission to deal in, the Shares, on the main board of the SEHK will be granted and/or the approval of the Shareholders will be obtained.

The Company will announce any material updates when appropriate. Shareholders and other investors are reminded to exercise caution when dealing in the Shares. In the event that Shareholders and other investors are in doubt when dealing in the Shares, they should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.

BY ORDER OF THE BOARD
Yu Wing Keung, Dicky
Executive Chairman
1 June 2010

 Useful To Me  Not Useful To Me
grandmaster89
Veteran
01-Jun-2010 19:11     
 
grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood: peace
  x 0
  x 0

 Alert Admin

PROPOSED DUAL PRIMARY LISTING ON THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “SEHK”) - APPLICATION TO THE SEHK

Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings as in the Company's announcement in relation to the Proposed Listing dated 7 January 2010.

Further to the announcement made on 7 January 2010 in relation to the proposed dual primary listing on the main board of the SEHK, the Company has made an application to the SEHK for the listing of, and permission to deal in, all the Shares on the main board of the SEHK.

The Board wishes to highlight to Shareholders that as the Proposed Listing is subject to, among others, the approval of SEHK and relevant authorities and the approval of
Shareholders at an extraordinary general meeting to be convened, the Proposed Listing may or may not occur.

There is no assurance that approval of the SEHK and/or the listing committee of the SEHK for the Proposed Listing and the listing of, and permission to deal in, the Shares, on the main board of the SEHK will be granted and/or the approval of the Shareholders will be obtained.

The Company will announce any material updates when appropriate. Shareholders and other investors are reminded to exercise caution when dealing in the Shares. In the event that Shareholders and other investors are in doubt when dealing in the Shares, they should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.

BY ORDER OF THE BOARD
Yu Wing Keung, Dicky
Executive Chairman
1 June 2010
 Useful To Me  Not Useful To Me
grandmaster89
Veteran
31-May-2010 17:49     
 
grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood: peace
  x 0
  x 0

 Alert Admin

21 June 2010 - FY 10 Result

23 August 2010 - AGM

The dates can be found on their website.
 Useful To Me  Not Useful To Me
highrisk1
Member
31-May-2010 17:20     
 
highrisk1 About Contact  Quote this Post! Style: Fundamental   Mood: confused
  x 0
  x 0

 Alert Admin

grandmaster89, when NOVO is reporting their quarterly report?

 

 
 Useful To Me  Not Useful To Me
alexchia01
Elite
24-May-2010 18:09     
 
alexchia01 About Contact  Quote this Post! Style: Combined   Mood: cool
Yells: "Catch The Stars And Ride With Them"
  x 0
  x 0

 Alert Admin

In the stock market, you can be inexperience, but you cannot afford to be ignorance.

If you are inexperience, please spend some time to educate yourself, so you can be a more informed trader/investor.

If you are both inexperience and ignorance, I can guarantee that you going to loss money.

I don't know if Novo is going for Dual listing or not, but until they do so, I'll not put much weight into this rumor.



TohGuan      ( Date: 24-May-2010 16:51) Posted:



Hi Grandmaster 89,

i thought Novo had applied for Dual listing in March and the result will be end May(2 months). Novo can choose to delay it? Pardon me ignorance, inexperience here.

 

 
 Useful To Me  Not Useful To Me
grandmaster89
Veteran
24-May-2010 17:40     
 
grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood: peace
  x 0
  x 0

 Alert Admin 		They haven't applied it yet. So far they have only mentioned their intention to dual list in Jan and appointed CIMB Bank to be their sponsor in March 2010. They might do it after FY 10 results is out next month...cos their FY 09 earnings isn't larger than HK$30 million. Hope that helps :) 

TohGuan      ( Date: 24-May-2010 16:51) Posted:



Hi Grandmaster 89,

i thought Novo had applied for Dual listing in March and the result will be end May(2 months). Novo can choose to delay it? Pardon me ignorance, inexperience here.

 

 
 Useful To Me  Not Useful To Me
TohGuan
Member
24-May-2010 16:51     
 
TohGuan About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Hi Grandmaster 89,

i thought Novo had applied for Dual listing in March and the result will be end May(2 months). Novo can choose to delay it? Pardon me ignorance, inexperience here.

 

 
 Useful To Me  Not Useful To Me
grandmaster89
Veteran
19-May-2010 15:26     
 
grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood: peace
  x 0
  x 0

 Alert Admin

Novo should be able to provided 4Q 10 doesn't screw up.

FY 08 - US$11.6 million = HK$90.2 million
FY 09 - US$1.56 million = HK$12.1 million
9M 10 - US$10.1 million = HK$78.5 million

2 Year + 9 M Earning = HK$180.8 million

Currently its market cap is around S$150 million.
 Useful To Me  Not Useful To Me
                                                         First   < Newer   21-40 of 235   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.