Eagle
Stock at 0.07, Cash Distribution at 0.08!!!
Post Reply
141-160 of 229
So 7.5 cents is the max one can buy this shares. If they are giving 8 cents away. Not worth it to buy @ the current price. As someone said in the forum, you have to take in consideration the buy/sell cost...
Cheers.
wow .. toward 0.085 cents now ....
cheong ahhhh
now pple rushing to buy liao...
beruangface and AnthonyTan, time to correct ur sarcastic remarks!
congrats to all who are vested!
shd be approved! see the 7.5cts queue suddenly shoot up and pple buying 8cts in huge amt now...
now for those who make sarcastic comments... time to correct ur statements!
The vote results comming out soon
Moment of truth is tomorrow but I won't be around to see the results. Flying to England for a week and might not be able to access the internet there. All the best to those vested. Cheers
Should be able to cross the .10 mark easily unless there is something wrong with the company
yummygd ( Date: 02-Apr-2010 19:20) Posted:
even if in 2011 still make money.
blackstreams ( Date: 01-Apr-2010 00:20) Posted:
| Fingers crossed XD is not in 2011. Cheers.
|
|
|
|
even if in 2011 still make money.
blackstreams ( Date: 01-Apr-2010 00:20) Posted:
Fingers crossed XD is not in 2011. Cheers.
lawcheemeng ( Date: 31-Mar-2010 22:33) Posted:
agreed with blackstream 100%...they may also sell away the empty shell company for other profit making non listed company to do a back door listing leh...just like wat achieva did...hehehe.......low risk hehehe......i m in for this one.........
|
|
|
|
For the scheme to go through, how many percentage of shareholders must agree?
hi thanks very much!!!
blackstreams ( Date: 02-Apr-2010 00:20) Posted:
Here you go.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9A4CBA4D8CECF9F1482576E80010CB11/$file/Eagle_Brand_Circular.pdf?openelement
dec2000 ( Date: 01-Apr-2010 21:06) Posted:
| hi, can someone send me the link of the announcement? i cannot find anything, plssssss!!! thanks you |
|
|
|
Here you go.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9A4CBA4D8CECF9F1482576E80010CB11/$file/Eagle_Brand_Circular.pdf?openelement
dec2000 ( Date: 01-Apr-2010 21:06) Posted:
hi, can someone send me the link of the announcement? i cannot find anything, plssssss!!! thanks you!
blackstreams ( Date: 01-Apr-2010 00:20) Posted:
| Fingers crossed XD is not in 2011. Cheers.
|
|
|
|
hi, can someone send me the link of the announcement? i cannot find anything, plssssss!!! thanks you!
blackstreams ( Date: 01-Apr-2010 00:20) Posted:
Fingers crossed XD is not in 2011. Cheers.
lawcheemeng ( Date: 31-Mar-2010 22:33) Posted:
agreed with blackstream 100%...they may also sell away the empty shell company for other profit making non listed company to do a back door listing leh...just like wat achieva did...hehehe.......low risk hehehe......i m in for this one.........
|
|
|
|
Fingers crossed XD is not in 2011. Cheers.
lawcheemeng ( Date: 31-Mar-2010 22:33) Posted:
agreed with blackstream 100%...they may also sell away the empty shell company for other profit making non listed company to do a back door listing leh...just like wat achieva did...hehehe.......low risk hehehe......i m in for this one.........
|
|
NAV is $0.091.
freeme ( Date: 01-Apr-2010 00:13) Posted:
whats the nav for this company?
|
|
whats the nav for this company?
agreed with blackstream 100%...they may also sell away the empty shell company for other profit making non listed company to do a back door listing leh...just like wat achieva did...hehehe.......low risk hehehe......i m in for this one.........
Thank you. That's what this forum is for, to share different views. Cheers.
You are intelligent. you deserve the profit.
Thanks for the sharing. highly valueable.
blackstreams ( Date: 31-Mar-2010 21:53) Posted:
Ah, you're looking to trade it but I look at upon it another way.I bought at 0.075 X 50000 shares = $3794 (plus brokerage). They're paying me $4000 in dividends which is already a profit of about $200. Whatever I hold is pure profit! If the price shoots up, I let go, if not, I'll just let the shares stagnate in my portfolio. Even if the company closes, which I don't foresee, I don't lose a single cent mate. If their business portfolio realignment is successful, which is what this whole exercise was about in the first place, I stand to gain. It's like a present that fell out of the sky. The only dangers will be 1. The SGM throws out the motion to grant $0.08 in dividends and 2. They throw a curve ball, ala China Fish, by issuing shares in lieu of cash as dividends. Hence I limited my exposure to only 50 lots. Cheers.
wongmx6 ( Date: 31-Mar-2010 21:18) Posted:
|
Payment of 8 cents per share is likely but after this payment the company has not much left over, close to zero.
Please bear in mind the charges for buying and selling of this share.
I guess not much meat left over.
5.5.4 Proposed use of proceeds from the Proposed Divestment
We recommend that the Independent Directors advise Shareholders to read section 2.15 of
the Circular carefully.
Subsequent to the Proposed Divestment and following the Proposed Capital
Reorganisation, the Company will distribute an amount from its contributed surplus account
based on S$0.08 per share or an amount of approximately RMB450.0 million in total back
to Shareholders. The amount of RMB450.0 million represents approximately 88.5% of the
gross proceeds from the Proposed Divestment and 96.0% of the estimated net proceeds
from the Proposed Divestment.
Further, we note that the Proposed Distribution of RMB450.0 million represents
approximately 95.0% of the Company’s unaudited NTA as at 31 December 2009 and
approximately 77.7% of the Subsidiaries’ adjusted unaudited NTA as at 31 August 2009
(including the Settlement Amount). |
|
|
|
Ah, you're looking to trade it but I look at upon it another way.I bought at 0.075 X 50000 shares = $3794 (plus brokerage). They're paying me $4000 in dividends which is already a profit of about $200. Whatever I hold is
pure profit! If the price shoots up, I let go, if not, I'll just let the shares stagnate in my portfolio. Even if the company closes, which I don't foresee, I don't lose a single cent mate. If their business portfolio realignment is successful, which is what this whole exercise was about in the first place, I stand to gain. It's like a present that fell out of the sky. The only dangers will be 1. The SGM throws out the motion to grant $0.08 in dividends and 2. They throw a curve ball, ala China Fish, by issuing shares in lieu of cash as dividends. Hence I limited my exposure to only 50 lots. Cheers.
wongmx6 ( Date: 31-Mar-2010 21:18) Posted:
|
Payment of 8 cents per share is likely but after this payment the company has not much left over, close to zero.
Please bear in mind the charges for buying and selling of this share.
I guess not much meat left over.
5.5.4 Proposed use of proceeds from the Proposed Divestment
We recommend that the Independent Directors advise Shareholders to read section 2.15 of
the Circular carefully.
Subsequent to the Proposed Divestment and following the Proposed Capital
Reorganisation, the Company will distribute an amount from its contributed surplus account
based on S$0.08 per share or an amount of approximately RMB450.0 million in total back
to Shareholders. The amount of RMB450.0 million represents approximately 88.5% of the
gross proceeds from the Proposed Divestment and 96.0% of the estimated net proceeds
from the Proposed Divestment.
Further, we note that the Proposed Distribution of RMB450.0 million represents
approximately 95.0% of the Company’s unaudited NTA as at 31 December 2009 and
approximately 77.7% of the Subsidiaries’ adjusted unaudited NTA as at 31 August 2009
(including the Settlement Amount). |
|
You buy at 0.075 and minus 0.08 = -0.005.
so that you still profit 0.005 exclude brokage
