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potiential stock to watch ?

Achieva says co-founder in talks to sell 23% stake

IT-related Achieva Limited on Thursday said that it understood from the representatives of Henry Lim, its co-founder and a controlling shareholder with a 23.36 per cent stake, that he was in talks to sell his shares to external parties.

Achieva was replying to queries from the stock exchange following the substantial increase in the trading volume of the company's shares.

It added that the company is not in the position to advise whether or not the discussions will materialise into something definitive.

19.11.09 BT

 

In sharemarket terms. They use the following two terminology.

$1. means $1000

if its 1 cents, it means  $10.

So coys use different ways to announce

So if coy uses $... then $0.04 means $40 or 4 cents

If they use cents, then it's 0.04cents

So it is obvious it is a type : $0.04c could mean anything byt judgeing from the reaction of the market & the market is never wrong, it pretty obvious it's 4c.

The price has been creepting up from 6c to 8 cents yesterday... so obviously t the insiders were expecting the 4c  divi. Patterns always the same for yield plays.

The major play is when they announced the payout date... then we'll see some big moves.

market in this day of a bear market should price in a yield of about 20% for safety reasons...so going by a yield of 20%, full value is 20c... but to sustain that price, the market must have something major from the coy.....

so this counter is interesting from that perspective.

Saw their results, 1st Q better than their last year 1st Q. 2.1m profit. Very decent. Postive cashflow of 6m.. so cash in the bank is 12c or 64m. Bloody cash rich coy......

 

 

Going by the recent AGM and the amount of cash in the company, it should be $0.04.

 

i think they are trying to say 0.4 cents in Singapore currency. Chinese educated lah, like me.....LOL!

 

the announcement is quite misleading, it's $0.04 cents, which seems to me to be 0.04 cents, not 4 cents.

 

That's a 50% dividend payout based on Wednesday closing price !!! Get the $$$ then pump back into the shares again to increase holdings. No dates given for payment of dividend.

But then, why is the company doing with so much $$$ in hand?

I don't think the news will have much impact on this counter.

 

If $, there is no to add cents behind 0.04. If it is indeed $0.04 or 4 cents (and not 0.4 cents) , then it is value for money. Will run up anytime. When is the pay-out ?

 

$0.04 & 4c what's the difference? It'll be good if people do checks before posting their comments. But it does help to ease tension from watching the market...hehe...;)

 

Currently DJI down 122 pts or 1.44%. Bloodbath??

 

Eeeerrrhhh....please redo your maths.

cantongacs      ( Date: 13-May-2009 22:03) Posted: friend is S$0.04CENTS not 4 cents. shplayer      ( Date: 13-May-2009 21:01) Posted: Yes, markets will probably undergo a consolidation or correction after the recent run up soon. As for this stock look at its asset backing (mainly CASH.....not factories, inventory, machines, properties which can be subject to market forces), its current discount to NAV. Furthermore, the company is profitable and its cashflow is even better. At current price, its like paying 8c to own 12c of cash. After xd, your cost will be 4c (assuming bought at 8c) but backed by 8c CASH. Not an inducement to buy or sell........but worth taking a look and make your own decision.

 

friend is S$0.04CENTS not 4 cents.

shplayer      ( Date: 13-May-2009 21:01) Posted: Yes, markets will probably undergo a consolidation or correction after the recent run up soon. As for this stock look at its asset backing (mainly CASH.....not factories, inventory, machines, properties which can be subject to market forces), its current discount to NAV. Furthermore, the company is profitable and its cashflow is even better. At current price, its like paying 8c to own 12c of cash. After xd, your cost will be 4c (assuming bought at 8c) but backed by 8c CASH. Not an inducement to buy or sell........but worth taking a look and make your own decision. novicetrader      ( Date: 13-May-2009 20:30) Posted: Tread with care. Asia Pacific markets mixed, Europe all down. US futures mixed. Under such uncertainties, tread with care. All the best to those vested.

 

Yes, markets will probably undergo a consolidation or correction after the recent run up soon.

As for this stock look at its asset backing (mainly CASH.....not factories, inventory, machines, properties which can be subject to market forces), its current discount to NAV.

Furthermore, the company is profitable and its cashflow is even better.

At current price, its like paying 8c to own 12c of cash. After xd, your cost will be 4c (assuming bought at 8c) but backed by 8c CASH.

Not an inducement to buy or sell........but worth taking a look and make your own decision.

novicetrader      ( Date: 13-May-2009 20:30) Posted: Tread with care. Asia Pacific markets mixed, Europe all down. US futures mixed. Under such uncertainties, tread with care. All the best to those vested.

 

Tread with care. Asia Pacific markets mixed, Europe all down. US futures mixed. Under such uncertainties, tread with care. All the best to those vested.

 

Achieva 1Q 09  result out

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A118F40627C80499482575B5002A2B02/$file/AL_1Q09.pdf?openelement

PAT $2.1m (1Q08 - loss 1.57m) .....eps 0.41c

Cash increase to 61.9m from 57.4m at FY08......this is 11.8c per share.....NAV 12.8c

Interim Div declared - 4c.

Today's closing price 8c.

Do the maths.

 

counter is coming back to life.....8c now.

 

This fella has $57.4m in cash......their (receivables + inventory) exceeds their (short term loans + payables) by about $4m => working capital is adequately covered.

Cash per share is 11c. NAV is 12c.........even banks do not hold so much cash vs assets.

Special resolution proposed for forthecoming AGM to give board a mandate to issue call for 1 for 1 rights issue....definitely current management and board and perhaps some major shareholders are working in cahoot with a raider to gain control of this cash rich company.......whilst the exec chmn (founder and approx 26% shareholder) is still incapacitated from his accident almost a year ago.

Definitely action already started and can expect more to come in the coming few days before AGM.

victorian2      ( Date: 16-Apr-2009 23:15) Posted: well, if it's a corporate raid in the making....be prepare for some action. founder will be illplace to do anthing & doesn't have 51% control of the company. Worse since he's badly injured from his accident. No news from the coy that he's back on duty so may have to step down from the board esp after the chua soon huat fiasco. Don't think directors want to go to jail hahaha.   but seriously, share price suddenly creep to life 0.5c by 0.5c. Still got room room to go and if its a raid in the making for the $55m in the coy...wah, will be very interesting. vested

 

huge 2m sell block at 8c.......someone trying hard to keep price ceiling today

 

well, if it's a corporate raid in the making....be prepare for some action. founder will be illplace to do anthing & doesn't have 51% control of the company. Worse since he's badly injured from his accident. No news from the coy that he's back on duty so may have to step down from the board esp after the chua soon huat fiasco. Don't think directors want to go to jail hahaha.

 

but seriously, share price suddenly creep to life 0.5c by 0.5c. Still got room room to go and if its a raid in the making for the $55m in the coy...wah, will be very interesting.

vested

 

 

 

I agree, not hard to imagine that it involved of "under table money",

We need to have a second thought if the management are not holding large sum of stake.

knightbridge      ( Date: 02-Dec-2008 18:16) Posted: Victorian2 my intenton is just be careful. If the stock is undervalue, got to guess what the management do.. Sometimes they want to take the whole pie by buying some lousy investment which is cannot understand why they want to buy?? Recently alot of case come up like E3 is a good example... Better find out more on the management, probably can tell more about the company. It pay to take risk, of course buying a undervalue stock is good as the profit is handsome for penny. But got to be careful, if not the share u hold can get stuck for long period.. To a profitable trading cheers

 

This cash coy has 11.5c cash per share. Looks like coming to live??

AGM notice has some interesting resolutions of new share issues and rights issue. Why the hell need rights issue when the coy has 55m cash in the bank? Takeover attempt?