HanKore Env   

HANKOREcontinuation wedge(bullish)target 6-7c soon

Presentation slides detailed investment rationale, if you are invested, it's good to go through. Hope for early Christmas gift...

 

Agree with all that the price trend and behaviour though slow is steadily rising. As I said, it is a good investment when you reflect over the last 1 year when it rises from 3.4c to 5.4c. I'm sure it will continue to rise and possibly at faster absolute value once it passes 10c. Can't promise meteoric trajectory like some as this is a steady growth company rather than some that are now being marketed as opportunistic subject to proving themselves with financial results.

Hankore just released a set of corporate presentation slides which intend to position Hankore with strong investment merit. I believe they will be used for analyst briefing plus any roadshow to the investment communities and fund raising exercise including possibly the outstanding S$250m MTN. It contains useful info that may address to some extent my queries to them via the Investor Relation feedback page on their site but it didn't mention anything on the strategic study. I believe they will never openly address the study again as it is clearly on an expansionary path now. I shall not be pursuing or taking into consideration what might or should have come out from the study and any material impact that it should and could have generated. It is not an irrelevant matter to me.

Good luck to all and may the 10c target comes earlier than expected. That shall be our Christmas wish :)

 

I thought i saw today, a lot of eatup at 54 in big volume..Shd be in play soon..
Correct me if i m wrong..

spathway      ( Date: 10-Sep-2013 18:23) Posted: I like it. Usually something hard to break, it will break with a bang. Hope it is not just a wishful thinking.

 

I like it. Usually something hard to break, it will break with a bang. Hope it is not just a wishful thinking. 

 

Nice closing and trading range today 😃 ...upward trend intact.

 

Don't bother to track the short sales figures. It should be way above 30m. Probably above 40m ...

spathway      ( Date: 10-Sep-2013 17:09) Posted: Speechless, still 5.4, and dont tell me tonite, it has 30 millions shorted.

 

Just take the money you put into this stock as a donation or an extremely long investment. Problem settled.. I've given up. Won't buy anymore of this stock except for trading purposes. So many stocks in the top actives putting on  far in  excess of 20% while this chicken just simply refuses to eat and put on weight. What I already have I'll just gradually write down (hopefully I can write back) as a potentially good investment gone sour.

 

Sounds strange but what to do.. We have a lousy farmer taking care of this chicken. Used to lay golden eggs but now just a skinny botch of feathers that hardly gets out of its coop. Either a new farmer buys over the farm or the chicken runs away from the farm. The former requires someone with deep pockets to  nurse the bird back to health while the latter is dangerous.

 

*sigh.. almost 90 million just to move one bid up. Tsk..

spathway      ( Date: 10-Sep-2013 17:09) Posted: Speechless, still 5.4, and dont tell me tonite, it has 30 millions shorted.

 

Speechless, still 5.4, and dont tell me tonite, it has 30 millions shorted.

 

So many positive news for Hankore nature of business ....

PUBLISHED SEPTEMBER 10, 2013
China industrial output growth hits 17-month high: govt
PRINT |EMAIL THIS ARTICLE

China's industrial production rose 10.4 per cent in August year-on-year, the government announced Tuesday, its fastest increase for more than a year in another positive sign for the world's second-largest economy - PHOTO: REUTERS
[BEIJING] China's industrial production rose 10.4 per cent in August year-on-year, the government announced Tuesday, its fastest increase for more than a year in another positive sign for the world's second-largest economy.
The figure showed the most rapid increase in industrial production, a key indicator which measures output at factories, workshops and mines, since March 2012.
The finding was ahead of market expectations, with the median forecast in a poll of 11 economists by Dow Jones Newswires predicting a rise of 9.9 per cent.
Output also rose 9.5 per cent over the first eight months of this year, the National Bureau of Statistics (NBS) said.

 

There is a new hope for no war with Syria, and momentum is building up. )

 

Judging from the volume so far, it doesn't seem as if there were many contra plays last week during the run up to 5.8cents on Monday and Tuesday.

 

Speechless!

cccx123      ( Date: 10-Sep-2013 12:22) Posted: So many stocks reborn as dragons phoenixes.. this one still stuck as a slaughter chicken.

 

So many stocks reborn as dragons phoenixes.. this one still stuck as a slaughter chicken.

 

Vibropower, Metal Comp, A-Sonic, Asiatic, AP Strategic all were below or around HK's price last week. See where we are now... Some doubled while HK still fighting to move up one bid. Totally sucks..

spathway      ( Date: 10-Sep-2013 10:59) Posted: Sound Global to delist with cash offer, what about you HK?

 

Sound Global to delist with cash offer, what about you HK?

 

BBs, give HK a ride like A-sonic. HK' s PE is so low....

 

Thanks and wishing all to make money here not by gambling but for good reasons :) One way to keep the company alert is to be an active investor to engage them professionally provided they are responsive. While we are of the opinion that the industry and the company in particular should do well, the last thing we want to see is any scandal, fraud or mis-management as it gets lazed in corporate governance or due to complacency.

wxp8838      ( Date: 10-Sep-2013 08:47) Posted: You should make big money from market and you will .You deserve it . Lucky03      ( Date: 10-Sep-2013 08:28) Posted: I sent a feedback to Hankore via their IR Contact on their web site Investor Service page as below. Wonder if they will ever read it. Dear Hankore Board. Hi, I hope my email will receive the attention of Hankore senior mgmt and they will act professionally and responsibly to issue disclosure or clarification or updates at appropriate time soon. This is especially so given recent Hankore trading volume and the extremely unusually high volume of short sales as reported in SGX site. I refer to your FY13 result announcement and your replies to SGX dated 9 Sep 2013. My questions 1. Hankore highlighted that YoY growth would have been 199% under normal operation and does that mean those exceptional items will not be repeated ? 2. Why stated 70% margin if exclude construction activities and if construction activities will continue to be a significant contributor ? 3. How much of those were the result of the acquisition of its subcontractor Tongyong and its performance vis a vis what was indicated in the acquisition agreement ? Such statements are part of responsible reporting and clarification or reassurance will be very helpful for investors, many of whom has stayed on since Biotreat days putting much faith on David's leadership and promises. Hankore mgmt should clarify such statements and their impact on any forecast. Hankore made the announcement to engage Bank of America - Merrill Lynch to study strategic options available in the lights of 3rd parties expression of interest. While it is highly unlikely that Hankore is interested to sell now but instead may even acquire more assets as disclosed in its forecast in the FY13 announcement and the fund raising exercise, I feel that as the announcement is material and significant, Hankore should reiterate or correct the validity of the earlier announcement as Hankore has advised shareholders to refrain from trading and to consult their brokers. Thanks for your kind attention. Yours faithfully 9 Sep 2013

 

You should make big money from market and you will .You deserve it .

Lucky03      ( Date: 10-Sep-2013 08:28) Posted: I sent a feedback to Hankore via their IR Contact on their web site Investor Service page as below. Wonder if they will ever read it. Dear Hankore Board. Hi, I hope my email will receive the attention of Hankore senior mgmt and they will act professionally and responsibly to issue disclosure or clarification or updates at appropriate time soon. This is especially so given recent Hankore trading volume and the extremely unusually high volume of short sales as reported in SGX site. I refer to your FY13 result announcement and your replies to SGX dated 9 Sep 2013. My questions 1. Hankore highlighted that YoY growth would have been 199% under normal operation and does that mean those exceptional items will not be repeated ? 2. Why stated 70% margin if exclude construction activities and if construction activities will continue to be a significant contributor ? 3. How much of those were the result of the acquisition of its subcontractor Tongyong and its performance vis a vis what was indicated in the acquisition agreement ? Such statements are part of responsible reporting and clarification or reassurance will be very helpful for investors, many of whom has stayed on since Biotreat days putting much faith on David's leadership and promises. Hankore mgmt should clarify such statements and their impact on any forecast. Hankore made the announcement to engage Bank of America - Merrill Lynch to study strategic options available in the lights of 3rd parties expression of interest. While it is highly unlikely that Hankore is interested to sell now but instead may even acquire more assets as disclosed in its forecast in the FY13 announcement and the fund raising exercise, I feel that as the announcement is material and significant, Hankore should reiterate or correct the validity of the earlier announcement as Hankore has advised shareholders to refrain from trading and to consult their brokers. Thanks for your kind attention. Yours faithfully 9 Sep 2013

 

I sent a feedback to Hankore via their IR Contact on their web site Investor Service page as below. Wonder if they will ever read it.


Dear Hankore Board.

Hi, I hope my email will receive the attention of Hankore senior mgmt and they will act professionally and responsibly to issue disclosure or clarification or updates at appropriate time soon. This is especially so given recent Hankore trading volume and the extremely unusually high volume of short sales as reported in SGX site. I refer to your FY13 result announcement and your replies to SGX dated 9 Sep 2013.

My questions

1. Hankore highlighted that YoY growth would have been 199% under normal operation and does that mean those exceptional items will not be repeated ?

2. Why stated 70% margin if exclude construction activities and if construction activities will continue to be a significant contributor ?

3. How much of those were the result of the acquisition of its subcontractor Tongyong and its performance vis a vis what was indicated in the acquisition agreement ?

Such statements are part of responsible reporting and clarification or reassurance will be very helpful for investors, many of whom has stayed on since Biotreat days putting much faith on David's leadership and promises. Hankore mgmt should clarify such statements and their impact on any forecast.

Hankore made the announcement to engage Bank of America - Merrill Lynch to study strategic options available in the lights of 3rd parties expression of interest. While it is highly unlikely that Hankore is interested to sell now but instead may even acquire more assets as disclosed in its forecast in the FY13 announcement and the fund raising exercise, I feel that as the announcement is material and significant, Hankore should reiterate or correct the validity of the earlier announcement as Hankore has advised shareholders to refrain from trading and to consult their brokers.

Thanks for your kind attention.

Yours faithfully
9 Sep 2013

 

SGX attempting to look busy..

Lucky03      ( Date: 10-Sep-2013 01:33) Posted: The questions are quite lame. Wish SGX will ask more challenging questions including why they highlighted that their YoY growth would have been 199% under normal operation and does that mean those exceptional items will not be repeated ? Why stated 70% margin if exclude construction activities and if construction activities will continue to be a significant contributor. How much of those were the result of the acquisition of its subcontractor Tongyong and its performance vis a vis what was indicated in the acquition agreement. Such statements are part of responsible reporting and should be grilled and if Hankore mgmt should clarify such statements and their impact on any forecast. Hankore made the announcement to engage Bank of America - Merrill Lynch to study strategic options available in the lights of 3rd parties expression of interest. While it is highly unlikely that Hankore is interested to sell now but instead may even acquire more assets as disclosed in its forecast in the FY13 announcement and the fund raising exercise, I feel that as the announcement is material and significant, SGX should query the validity of the earlier announcement and if it is still valid for shareholders consideration. They even advised shareholders to refrain from trading and to consult their brokers ! Lucky03      ( Date: 10-Sep-2013 01:31) Posted: RESPONSE TO THE SGX-ST?S QUERIES REGARDING THE ANNOUNCEMENT MADE BY THE COMPANY ON 29 AUGUST 2013 (THE ?ANNOUNCEMENT?) RELATING TO THE COMPANY AND ITS SUBSIDIARIES? (THE ?GROUP?) UNAUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013 (?FY2013?) Further to the Announcement, in response to the e-mail queries received from the Singapore Exchange Securities Trading Limited (the ?SGX-ST?) of 6 September 2013, the Board of Directors of the Company (the ?Board?) provides the information as set out below: Query 1 Please disclose a breakdown of the Group?s borrowings and debt securities as required under Appendix 7.2 paragraph 1(b)(ii) of the Listing Manual. Company?s Response Details of any collaterals The loans are secured by:- 1) Pledging of assets of certain wastewater treatment plants to the relevant financial institution. 2) Guarantees from a former subsidiary, subsidiaries and a third party. Query 2 Based on the cash flows from financing activities, we note that the Group recorded proceeds amounting to S$786,000 from the exercise of warrants in FY2013. Please advise whether the Company has previously announced the use of proceeds. If yes, please advise the dates Amount payable w ithin one year or less, or on demand Secured Unsecured Secured Unsecured 48,794 126,491 54,896 118,940 Amount payable after one year Secured Unsecured Secured Unsecured 301,211 166,001 260,659 134,512 As at 30 Jun 2013 (RMB'000) As at 30 Jun 2012 (RMB'000) As at 30 Jun 2013 (RMB'000) As at 30 Jun 2012 (RMB'000) 2 of the announcements. Otherwise, please explain why not. Company?s Response As stated in sections 1(c) and 1(d)(ii) of the Announcement, the net proceeds from the exercise of CB warrants for FY2013 amounted to RMB786,000 (SGD156,513) (the ?Net Proceeds?), and not S$786,000. Details of the exercise of the CB warrants during FY2013 are as follows:- Date of exercise of CB warrants Number of CB warrants exercised at exercise price of S$0.025 each Amount (S$) 18 February 2013 5,906,070 147,652 25 April 2013 354,460 8,861 Total: 6,260,530 156,513 As set out above, such CB warrants were exercised over a period of time and the amounts generated from the exercise of such CB warrants were not substantial. Such Net Proceeds were disbursed gradually over the course of time for the Company?s working capital purposes, including payment of salaries and payment of professional fees incurred from time to time. The use of the Net Proceeds as stated above is in accordance with the intended use of proceeds from the exercise of the CB warrants as disclosed in the Company?s circular to shareholders dated 7 December 2009. BY ORDER OF THE BOARD Chen Dawei, David Executive Chairman 9 September 2013