
disclosure from Yellow Pages
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_61EA75F25EE5B25848257449007FC590/$file/CoAnnouncement.pdf?openelement
I think i got the news le.
Yellow Pages bought a 15% stake in Cityneon. It is said to be a passive stake. More details below.
http://www.remisiers.org/research//daily%20rev%2015May.pdf
Could this be the buyer? the shares that exchanged hands were at 13,164,000 at 9+am.
>> PART IV |
1. | Holdings of Substantial Shareholder , including direct and deemed interest : |
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Direct
|
Deemed
|
No. of shares held before the change | 0 | 46,462,400 |
As a percentage of issued share capital | 0 % | 53.43 % |
No. of shares held after the change | 0 | 13,164,971 |
As a percentage of issued share capital | 0 % | 15.14 % |
Footnotes |
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Any particular reason for the sudden surge in price? 30% is very significant.
Substantial Shareholder * | STANLEY TAN POH LENG |
http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/c3e10dd4eb61c8b1482573fc0036afe8?OpenDocument
http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/4fac0893100fe5d3482573fe000df347?OpenDocument
http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/57903a0f064f45c1482573fe003dd292?OpenDocument
Cityneon reports S$3.6 million net profit;
prepares to further grow its
international business and
secure mega projects in the region
of a marginal improvement in revenue to S$41.7 million
Achieved net profit attributable to shareholders of S$3.6 million on the back
2008
Confirmed sales order of approximately S$17.2 million as at 22 February
ordinary share
Rewards shareholders with a first and final dividend of 1.44 cents perSingapore, 22 February 2008
? SGX Mainboard-listed Cityneon Holdings Limited(?Cityneon?, ?
services provider, achieved net profit attributable to shareholders of S$3.6 million for the
financial year ended 31 December 2007 (?FY2007?). The Group geared its marketing efforts
in order to further grow its international business and secure various mega projects for retail,
commercial and hospitality outlets, galleries and museums, and theme parks in the region.
Y u P, with CityNeon upgrade to Mainboard.
Certain Fund are able to buy in. Not limited by old sesdaq rules.
Still keeping mine. At same time, had buy up a little on last friday.
This is only for long term play. Best to invest using CPF monies.
MEDIA RELEASE ---- FOR IMMEDIATE RELEASE
Cityneon upgrades to SGX Mainboard
investors and institutions
Increase exposure to a broader stream of sophisticatedSingapore, 11 January 2008
?Group?), a fast-growing exhibition and event management services provider, has received
in-principle approval from the Singapore Exchange Securities Trading Limited (SGX-ST) to
upgrade to the SGX Main Board. With this, the listing and trading of the shares will
commence at 9.00 a.m., 22 January 2008.
? Cityneon Holdings Limited (?Cityneon?, ? ? or the? We are very pleased with this achievement as it marks a significant milestone in the
history of Cityneon. Looking ahead, the MICE industry is experiencing strong growth
in Singapore, China and Middle East and the Group is well-positioned to benefit from
this growing trend with its operations in strategic markets.?
?The upgrade to Main Board will further enhance our profile as we seek to grow the
company through expansion into new geographical markets. This will also expose the
company to a broader stream of investors and institutions.?
Mr Ko Chee Wah
Group Managing Director of Cityneon Holdings Limited
The contract for Kingsmen is for .some. of the grandstands and pit areas for F1.
Personal opinion:
I think Cityneon not cannot get it, but rather didn't tender for it.
If you see the order book that Cityneon had, it is on already full engine power. The F1 is only a bonus for short term. But, not necessary must have. Look further down the road.
Hence, more interested in the RECURRNG revenue from the IR when its' up. Rather than 1 off event for F1.
First resistance 0.63 ~0.64.
< My price objective: 0.695 >
Support @ 0.570
