Jubilee Ind   

Jubilee a must watch stock....target $0.50

looking good to ride back 20cents!!

 

Hope rto deal soon....I like.profit guarantee ....

HugoTan      ( Date: 21-Nov-2013 20:33) Posted: SINGAPORE--Jubilee Industries plans to acquire a 60 per cent stake in a development project in Medini Iskandar in a proposed reverse takeover (RTO) which includes a profit guarantee of RM180 million (S$72 million). SGX Catalist-listed Jubilee, which is involved in investment holding as well as plastic injection mould design and fabrication, has entered into a conditional non-binding Memorandum of Understanding with Jewelstone Properties to acquire its wholly-owned subsidiary, Tenderside Ventures, for RM150 million, Jubilee said in a statement today (16 October). Tenderside owns a 60 per cent-stake in Viridea Lakeside, which in turn has contracted to acquire the development project known as ?Viridea @ Medini Lakeside? located in Medini Iskandar, Johor. Mr Toh Soon Huat, Jubilee?s sole Executive Director and its second-largest shareholder, said, ?The reverse takeover, if completed, will transform Jubilee into a developer with a foothold in one of the most exciting development zones in Malaysia. The Project, a mixed development comprising serviced apartments, retail units and SOHO apartments, is a short drive from the Second Link connecting Johor to Singapore. It is situated within Medini Iskandar, a 2,230-acre zone within Iskandar, Johor, which offers special incentives for investors. Viridea will be developing six plots of land, which is expected to yield a combined gross floor area of 1.07 million square feet over 8.2 acres of land with an estimated gross development value of approximately RM800 million. The Project is expected to generate profits of RM300 million of which RM180 million will go to Jubilee. Any shortfall of the profit guarantee will be made up in cash by Jewelstone. Under the terms of the deal, Jubilee is proposing to issue to Jewelstone approximately 272.7 million new Jubilee shares at 22 Singapore cents each. On completion of the RTO, Jubilee will control a property developer purely focused on Medini Iskandar, which offers eligible investors certain tax and other privileges and benefits.

 

Hmm.. Why does good news bring down the share price?

 

Lol..this stock is shortist favourite leh. Better du ride against the tide..next week should see it hitting 0.13 level..

 

Then we should short this counter.. sure HUAT. . Wahaha

Simpsons      ( Date: 21-Nov-2013 23:43) Posted: This stock is hopeless so even with good new also kana short..tmr will kana short till below $0.10..so better dun any buy as cheap can get cheaper..lol

 

This stock is hopeless so even with good new also kana short..tmr will kana short till below $0.10..so better dun any buy as cheap can get cheaper..lol

 

Bro, anyone got any news update for the potential acquisition by jubilee?

HugoTan      ( Date: 21-Nov-2013 20:33) Posted: SINGAPORE--Jubilee Industries plans to acquire a 60 per cent stake in a development project in Medini Iskandar in a proposed reverse takeover (RTO) which includes a profit guarantee of RM180 million (S$72 million). SGX Catalist-listed Jubilee, which is involved in investment holding as well as plastic injection mould design and fabrication, has entered into a conditional non-binding Memorandum of Understanding with Jewelstone Properties to acquire its wholly-owned subsidiary, Tenderside Ventures, for RM150 million, Jubilee said in a statement today (16 October). Tenderside owns a 60 per cent-stake in Viridea Lakeside, which in turn has contracted to acquire the development project known as ?Viridea @ Medini Lakeside? located in Medini Iskandar, Johor. Mr Toh Soon Huat, Jubilee?s sole Executive Director and its second-largest shareholder, said, ?The reverse takeover, if completed, will transform Jubilee into a developer with a foothold in one of the most exciting development zones in Malaysia. The Project, a mixed development comprising serviced apartments, retail units and SOHO apartments, is a short drive from the Second Link connecting Johor to Singapore. It is situated within Medini Iskandar, a 2,230-acre zone within Iskandar, Johor, which offers special incentives for investors. Viridea will be developing six plots of land, which is expected to yield a combined gross floor area of 1.07 million square feet over 8.2 acres of land with an estimated gross development value of approximately RM800 million. The Project is expected to generate profits of RM300 million of which RM180 million will go to Jubilee. Any shortfall of the profit guarantee will be made up in cash by Jewelstone. Under the terms of the deal, Jubilee is proposing to issue to Jewelstone approximately 272.7 million new Jubilee shares at 22 Singapore cents each. On completion of the RTO, Jubilee will control a property developer purely focused on Medini Iskandar, which offers eligible investors certain tax and other privileges and benefits.

 

SINGAPORE--Jubilee Industries plans to acquire a 60 per cent stake in a development project in Medini Iskandar in a proposed reverse takeover (RTO) which includes a profit guarantee of RM180 million (S$72 million). SGX Catalist-listed Jubilee, which is involved in investment holding as well as plastic injection mould design and fabrication, has entered into a conditional non-binding Memorandum of Understanding with Jewelstone Properties to acquire its wholly-owned subsidiary, Tenderside Ventures, for RM150 million, Jubilee said in a statement today (16 October). Tenderside owns a 60 per cent-stake in Viridea Lakeside, which in turn has contracted to acquire the development project known as ?Viridea @ Medini Lakeside? located in Medini Iskandar, Johor. Mr Toh Soon Huat, Jubilee?s sole Executive Director and its second-largest shareholder, said, ?The reverse takeover, if completed, will transform Jubilee into a developer with a foothold in one of the most exciting development zones in Malaysia. The Project, a mixed development comprising serviced apartments, retail units and SOHO apartments, is a short drive from the Second Link connecting Johor to Singapore. It is situated within Medini Iskandar, a 2,230-acre zone within Iskandar, Johor, which offers special incentives for investors. Viridea will be developing six plots of land, which is expected to yield a combined gross floor area of 1.07 million square feet over 8.2 acres of land with an estimated gross development value of approximately RM800 million. The Project is expected to generate profits of RM300 million of which RM180 million will go to Jubilee. Any shortfall of the profit guarantee will be made up in cash by Jewelstone. Under the terms of the deal, Jubilee is proposing to issue to Jewelstone approximately 272.7 million new Jubilee shares at 22 Singapore cents each. On completion of the RTO, Jubilee will control a property developer purely focused on Medini Iskandar, which offers eligible investors certain tax and other privileges and benefits.

 

I always kena burnt by this stock..but it is very attractive now.

 

So one of the reason I invest in this counter is....if serial.can buy jubilee at 23cents..why can I invest at 15cents....so I bought....

edwinjup      ( Date: 19-Nov-2013 15:52) Posted: Ya..dont know wat atteact serial to buy jubilee at 23cents few months ago...why? handongni      ( Date: 19-Nov-2013 15:36) Posted: serial bought around 0.230 now .156 a lost of 30% bad timing.

 

Ya..dont know wat atteact serial to buy jubilee at 23cents few months ago...why?

handongni      ( Date: 19-Nov-2013 15:36) Posted: serial bought around 0.230 now .156 a lost of 30% bad timing.

 

serial bought around 0.230

now .156 a lost of 30% bad timing.

 

Company going to sell all existing business and venture into property....so is serial going to buy all existing business ....?? Or just a co for novena and serial to venture into msia ??

 

last 2 years no div.. not doing well?

 

What had happened to this counter ? Anyone has any thoughts?

 

Picked some today...novena boss bought.around.17cents..and serial around.23cents recently..like the rto with profit gurantee...

 

Director? Who?

 

director kept buying ....

good sign

HugoTan      ( Date: 31-Oct-2013 17:55) Posted: Anyone vested today? Quite big volume today. Was that a sign for moving upisde tomorrow?

 

Anyone vested today? Quite big volume today. Was that a sign for moving upisde tomorrow?

 

If Rowsley already successful RTO got whack from 38cts to 26cts..can this Jubliee withstand the onslaught?

HugoTan      ( Date: 30-Oct-2013 19:09) Posted: The fundamental is not overpriced. The nav still stayed at 0.196. Good time to vest now! Am vested. Good luck!