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He said. The Chief said.....is a 'gold mine' that will unlock a lot of value. I said, take what is profit 1st..
, then buy back at a lower px when mkt is down
......in this volatile mkt
Anthony Soh made a $117m cash offer to acquire the remaining 53.46% stake in Jade Technologies at 22.5 cents a share, saying the company's lucrative coal mines in Indonesia would multiply its value significantly. The offer by Dr Soh, who is Jade's group president and single largest shareholder with a 46.54% stake, values the company at some $218m.
He said that the company's concession to mine coal in Sumatra, Indonesia, is a 'gold mine' that will unlock a lot of value. He said a recent expert report indicated the reserve in the initial 184-hectare mining area is at least 5 to 7 times more than the initially reported 4.5m tones. He said the company hopes to lift much more than the initial 30,000 to 60,000 tonnes per month, and hopes to reach 200,000 to 300,000 tonnes or more per month.
Gd profit make today, those sold above 225 ct.
Mark Ge
Joined: 25 Jul 2007
Posts: 79
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 Posted: Tue Feb 19, 2008 4:25 pm Post subject: |
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gold mine?
Friend,you know what is gold mine?
Another Keppel Corp ,you know  |
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sold! in mandarin: yi3 fang2 ye4 chang2 meng4 duo1.
cheers to the rest still in. has been a good two months. heehee.
huat ahh...to all of you. :)
Yes, potenitally a buy, but not sure buy.
The mighty SIA failed to buy into China Eastern, and mighty Microsoft failed to buy up Yahoo too.
If Mr Soh is V.rich then...In this case every rich businessman can just make an offer for such and such Co in this down turn, so every Co listed in SES is potientially a buy by...the RICH.
Woww..Yap Halted again........Another 3 days
| 530 |
Jade |
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H |
0.220 |
0.215 |
+0.020 |
+10.3 |
29,047,000 |
9,637,000 |
0.215 |
0.215 |
10,000 |
0.225 |
0.215 |
Sudden Halt!?
I had vested in Jade sometime back because I see the potential in the future for this company based on their business nature.
It is dealing with coal and recently with oil refinery, which both can bring in tidy sum of profit.
Even Anthony Soh himself mentioned :
"Soh told Singapore's Business Times in comments published on Tuesday that the company's coal mines in Indonesia were a "gold mine" that would significantly multiply the firm's value."
$0.225 is way below the value of the company, and I will definitely vote against it.
Anthony Soh is trying to pick up the company in cheap sale, when global share market is been hit by US credit issue and most counters are trading below fair value and below 52wks low.
To help everybody to recall, Jade was trading at following prices below the market meltdown:
2 Jan: $0.285
6 Dec: $0.31
29 Oct: $0.365
15 Oct: $0.44
12 Sep: $0.425
18 Jul: $0.565 (52 wks high)
Look at Yahoo, who opposed Microsoft's offering because Microsift is also trying to buy them at discount price. Yahoo made the right decision to reject Microsoft as they see themselves worth more than that.
This stock has almost hit it ceiling liao.
| E3 Hldg |
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Opened: 0.065 |
Last Done: 0.060 |
+0.005ct |
(+9.15%) Vol: |
33,768,000 |
| Jade |
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Opened: 0.220 |
Last Done: 0.215 |
+0.020ct |
(+10.35%) |
Vol: 28,631,000 |
SINGAPORE (Dow Jones)--A vehicle controlled by Jade Technologies Holdings Ltd.''s (530.SG) president is offering to buy the rest of the company for S$0.225 a share, or S$116.6 million.
Asia Pacific Links Ltd., the investment vehicle for President Anthony Soh, holds 451,172,504 shares, or a 46.54% stake, in Jade, according to a filing with the Singapore Exchange late Monday.
Jade, whose units include Jade Precision Engineering Pte. Ltd. and Jade Commodities & Resources Pte. Ltd., said Tuesday it will appoint an independent financial adviser for the deal.
Shares of the company are currently trading at S$0.215.
-By Patricia Kowsmann, Dow Jones Newswires; 65 6415 4157; patricia.kowsmann@dowjones.com
Let me weigh in on this.
Seems like this offer was triggered by the offerer purchasing or agreed to purchase some shares and bringing his stake to 46.54%.
This is a Conditional Offer.....the condition is that the buyer will have to receive acceptances whereby his stake will be >50% of the issued shares. If this condition is not met, he will return the shares of all those who accepted the offer....i.e there is no deal .....re Chuan Hup's conditional offer a year ago.
The offerer has stated that it intends to keep the listing status of the company.
Hope it clarifies some of the questions posed on this issue.
Not vested.
No risk, no gain. bigger players Vs players (bosses themself). Take care & stay alert
It also reminded me of Banjoo, the flying pig.
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"Quote from mike8057d",
I think it's the syndicates that are playing the market |
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Hi jason6833,
Very speculative in nature. Run up too fast, other similar Co don't run up that fast, just sharing my tot. |
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Any good news on Jade...??
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Reminded me of Rowsley....small fish try to eat big fish, them big fish (players) eat small fish.
Hmm.. ya 787180. Thats y u will never beat the insider trades....
Thks elf..
Beside what is on the plate, the offering....22.5ct. it price closed unchanged
| Full Company Name: |
E3 Holdings Ltd
(formerly: ei-Nets Ltd) |
BACKGROUND
The Company was incorporated on 3 September 1999 under the name if ei-Nets.com Pte Ltd. On 5 January 2000, the Company was converted into a public limited company and changed its name to ei-Nets.com Ltd. On 12 December 2000, the Company changed its name to ei-Nets Ltd
The Company is principally involved in providing e-commerce solutions for mechanical and electricial engineering (M&E) and building industries in Singapore through the development of an e-mall/cyberspace hub as well as the holding of investments.
The Company owns the worldwide, exclusive, unlimited and perpetual rights to the I-nets technology for its M&E and building portals, and has an option to acquire the same rights for an automotive portal. The I-nets technology won the Top 6 Best Software Products at COMDEX-ASIA in 1997 and the SingaporeONE Oustanding Application Award in 1998. The I-nets technology is an enabling technology that allows text, still images, audio, high-resolution interactive I-nets video and, computer-aided design drawings (CADD) to be combined into one hybrid file. Such a file is compressed and can be transmitted within seconds by using a standard modem over normal telephone lines. After downloading the contents, the technology also allows the user to rotate objects and zoom-in on details without experiencing any loss of resolution.
The Singapore segment of these portals is operational. As for the international segment, it is currently negotiating with major industry participants in various countries. These portals are replicable and the I-nets technology will be made available through joint ventures with major industry participants.
They forced Jade down to a low of ab 8.5cts and pushed up again to recent high 22.5cst and CEO Anthony Soh offered to takeover back via his co is indeed unethical...he may have lost his credibility...investors may not support his wheeler-dealer strategy
how abt E3? are they buying too?
