
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_CF2A9043C25D5B5F4825793D003E6471/$file/Results_Briefing_3Nov11.pdf?openelement..dpu another cash distributions soon
 
aim
Today Cityspring close at 40cts...fairer value 44-45cts maybe next few weeks..
 
 
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_47846D86008A516E482579040037B15C/$file/Final_Results.pdf?openelement
Quote:
Acceptances and excess applications have been received for Rights Units representing approximately 130.34% of the total number of 538,962,054 Rights Units offered pursuant to the Rights Issue
Its current px is-0.395 with 816 traded so far, in fact no further trading since last 15 mins.
Its 1Q12 Co managed to reduce its losses in tandem with a 6.5% increase in revenue n a significant reduction in other losses relating to the fair value moveme  n on derivative financial instruments n currency translation movements.
Past coy performance, -ve or + NPAT
08 -55M
09 -50M
10 +7.8M
11 -23M
Within 2 yrs raising twice Rt issue, one in 09 of 1:1 at 0.48n d current one of 11:20 at 0.39. It is not surprice that within a short period to raise opt capital via Right issue, esp base on the coy previous yrs of performance.
As whehter its a good buy now, kindly refer to my last posting on Cosco.
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this one is like yield play.
 
but then you have to be very happy about their Debt/Asset ratio, one of the highest in the list of yield stocks.
Looks like support by Temasek at 39cts the rights price is holding well...close of rights subscription on 2nd sept...every 3 monts got dpu..not vested..sold off mother shares liao
Richman ( Date: 10-Sep-2009 14:19) Posted:
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So so.
chuks138 ( Date: 10-Sep-2009 14:17) Posted:
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It's a good stock. Dividend every 3 month.
Is this a good stock to buy? Cityspring! Please advice.