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took profit 48cts on my maxi cash..I bgt ex bonus price 39.5-41cts 1 for 5..now still propose 1 for 5 again,ie how they drive up the share price like Fragarnce ,Aspial too,,aspial was held up by pte placement at 42cts not long ago,the rights price at 38cts is to reward the pte investors,and dividend again soon for FYE 31Dec 2012
starlene ( Date: 16-Jul-2012 15:31) Posted:
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The directors still buying
http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/company_announcements..pg 3
They postpone release of year end results,dated 21Feb..probably to enhance share price after it went ex right on 26Feb..1 right for every 25 shares at 38cts,not long ago they placed out at 42cts so expect share price to remain above 42cts ,the theoretical ex rights price is calculated( 25x0.435 + 1x0.38)/26=$0.432,besides another round of dividends
Interim Dividend SGD 7.5 per share... Record date 5/12/12.. payable 22/1/13.
PROVISIONAL TENDER RESULTS
- LAND PARCEL AT JALAN JURONG KECHIL
The Management of Aspial Corporation Limited (the “Company”) is pleased to announce
the Company through its subsidiary World Class Developments (North) Pte Ltd (“WCD”)
has participated in a land tender exercise for the land parcel offered for sale by Urban
Redevelopment Authority through public tender held today.
The land parcel is located at Jalan Jurong Kechil and has a site area of 10,170.8 square
meters with a maximum permissible gross floor area of 14,239 square meters. It is zoned for
Residential use. The Company will explore various development options which include
Condominium and Retirement Housing.
WCD has submitted a bid for S$73,800,000/- and has emerged as the top Tenderer as
announced by URA today.
The Company will make further announcement once the land parcel has been officially
awarded.
after ex divid on oct 8 drop about 1 cts then resume uptrend same as Fragrance..buy
Maxi cash outlets.
seems business activities quite low from retail clients.
The initial surge in activities for Maxi cash due to catalysts of the two casinos may have started to taper off ?
Looks like this company is more a property play going forward.
The push is here..done at 46cts can cross 50cts or near here when cum dividends near dividend date
Singapore News
GST amendments may attract more refiners, gold traders to S'pore
Posted: 10 September 2012 1856 hrs
SINGAPORE: Amendments to the Goods and Services Tax (GST) Bill passed on Monday may attract more refiners and gold traders to Singapore.
The amendments include a GST exemption on the import and supply of investment-grade gold and precious metals, and a new Approved Refiner and Consolidator Scheme to relieve their cash flow.
The changes also allow claiming of input tax incurred for consolidating and refining scrap materials into investment grade precious materials.
Nominated MP Teo Siong Seng, who is the president of the Singapore Chinese Chamber of Commerce & Industry (SCCCI), welcomed the amendments.
The Singapore Jewellers Association and Diamond Exchange of Singapore are among SCCCI's trade association members.
Mr Teo also suggested the government introduce certain measures to propel Singapore into a dynamic jewellery hub, in addition to being a gold trading hub.
He said: " Following the implementation of GST in 1994, the Singapore jewellery landscape has been dealt a rather heavy blow. As jewellery is a luxury item, the additional cost burden attributed to GST is very significant.
" It has made us uncompetitive in pricing, with the result that Singapore has trailed far behind Hong Kong. Traders and buyers also find the GST to be a deterrent."
Minister of State for Finance and Transport, Mrs Josephine Teo, said: " In Singapore, we have a broad based GST system with few exemptions. Nonetheless, our retail scheme remains competitive and attractive to international retailers.
" As an example, according to Global Blue, a world leader in tax refund services, Singapore is now the top destination in the world for Chinese tourists to shop for luxury watches and jewellery."
24-Sep-2012
SETTING UP OF A JOINT VENTURE COMPANY
The Board of Directors of Aspial Corporation Limited (the “Company”) is pleased to announce that the Company through its subsidiary World Class Land Pte Ltd (“WCL”) has incorporated a joint venture company together with Fragrance Group Limited (“Fragrance”), with the name of Bayfront Land Pte Ltd (“Bayfront Land”).
Bayfront Land is principally engaged in real estate developments and has an initial paid up capital of S$1,000/-, in proportion of 500 ordinary shares in the name of WCL and 500 ordinary shares in the name of Fragrance. This transaction is not expected to have any material impact on the earnings and net tangible assets of the Company in FY2012.
By Order Of The Board Submitted by: Lim Swee Ann, Company Secretary on 24/09/12 to the SGX
based on technical analysis ?
chinton86 ( Date: 16-Jul-2012 14:53) Posted:
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U mean Aspial or Maxi Cassh or both?:)
Nothing much to look fwd to price may drop to 31-32cts
chinton86 ( Date: 16-Jul-2012 14:53) Posted:
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Maxi Cash is on a distribution/on a downtrend mode
maxi-cash has good business model too, pawn shop as well as gold trading
Currently Share Px not moving,moving downwards.Still digesting the Bonus issue duh.
Despite CB..aspial's share price dropped..will listing of its pawn shop biz 22 June lift its share price.?
I still prefer Fragrance
Reported in the Edge..many pple hold on to Fragrance some 200lots,300lots,400 lots shares because of so many 1 for 1 bonus not surprising...better than Aspial now 1 for 5 bonus approved but not spectacular unlike Fragrance say at 48cts and even if don't go up after ex bonus theoretically shd be 24cts which is highly unlikley for it to be less than or same as its subsidiary GPH at 24.5cts-investors will switch to Frgarance..it seems mkt is already anticipating as GPH is below ipo price of 26cts and Fragrance remain 40-50cts despite the Euro Crisis
The Bonus Shares will be issued pursuant to a general mandate (the “Resolution”) obtained
at the Annual General Meeting of the Company held on 25 April 2012 which allows the Company’s
directors to issue Shares in the Company aggregating up to fifty per cent (50%) of the Company’s issued
share capital (excluding treasury shares) at the time of passing the Resolution.
at the Annual General Meeting of the Company held on 25 April 2012 which allows the Company’s
directors to issue Shares in the Company aggregating up to fifty per cent (50%) of the Company’s issued
share capital (excluding treasury shares) at the time of passing the Resolution.
starlene ( Date: 13-Jun-2012 22:59) Posted:
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How come no EGM to approve Aspial 1 for 5 bonus and today the TEXT shows cum bonus...??? whereas Fragrance 1 for 1 was approved by SGX now waiting for co to covene an EGM to approve this bonus,just a formality
Guess its related to the new IPO listing...
chinton86 ( Date: 12-Jun-2012 12:33) Posted:
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