Post Reply
161-180 of 408
Zzzzzzzzzz.....
A very commendable results from ChangTian indeed 
The issue price will be fixed at no more than a 20 per cent discount to the weighted average price per share for the full market day up to the time the underwriting agreement was signed
I guess the issue price will be around
Max
22(highest recent) X 0.8= 17.6cents
Min
15.5(lowest recent) X 0.8 = 12.4cents
so 15 is the average of the 2 and is quite likely
Buying for the Taiwan's hope
(SINGAPORE) After reports that some Singapore-listed Chinese companies or S-chips were seeking secondary listings in Hong Kong and the United States, it has emerged that some of them have pinned their hopes on Taiwan
Let's see at what price are they gng to issue the TDRs, if the issued price is much higher, then NAV will go up but of coz with more shares, the EPS will come down.
Another benefit is that we all hope by listing in Taiwan will really help to expand its exposure and to garner more interest in this stock...
I feel the current price really do not show justification but the reason I suspect is due to poor/zero coverage by research hse, it is afterall a S-Chip and also lack of real investors, current buyers are speculators hoping for ST price movements rather than buying and having LT view.
really have no idea y should they issue new shares.....they got a lot of cash in their balance sheet ady....with that new shares, it really will dillute the value of existing shareholders....
ROI25per ( Date: 20-Oct-2009 16:14) Posted:
|
back to square 1 again.
i thought can do just TDR only no need to issue new shares just like sinotel doing ADR. then not so dilutive to existing shareholders.
dun understand why need 300m RMB,
it has S15 cents cash per share in bank , can use that for capacity expansion?
Correction to $0.25 u mean
Big correction is on its way, I suppose!
lpkoh5 ( Date: 19-Oct-2009 18:28) Posted:
|
As expected, some profit taking today, expect this to resume its climb up to $0.25 next 
IN A bid to raise funds and gain exposure to a new market, Changtian Plastic & Chemical has proposed to issue up to 132 million new shares in the form of Taiwan depository receipts (TDRs).
These TDRs will be offered to the public in Taiwan by way of public offer and placement. The group expects to raise gross proceeds of 300 million yuan (S$61.2 million) from the TDR programme to fund expansion of production capacity. The issue price will be fixed at no more than a 20 per cent discount to the weighted average price per share for the full market day up to the time the underwriting agreement was signed.
- Business Times Weekend
can expert advise whether is this a good exercise and how it affect the current share price in time to come? only know that it's an undervalue counter.
In a nut shell, can some experts share the issue of shares is good news or bad news ah?
HALTED!
Pending annoucement.....
Hope to be good news....maybe takeover...delisting...???
Cheers!
yes, haven sell yet. aiya...
lpkoh5 ( Date: 16-Oct-2009 15:15) Posted:
|
Finally the time has come for my LONG HEAVEN!
Did anyone follow my call....$0.25 here we come!!!
NAV at $0.28...zero debt....cash-flow generating every Q....
Superb performance today... possible to break $0.20 soon...
seems to be in the downtrend now....get ready to collect some more
indeed, they shld privatise and list in hk
Current share price is really way below its true value....with NAV at $0.28 and cash-generating every quarter with profit reported....e big owners should just privatise it....
There is always ready buyer appearing at bid price to absorb the selling....