
Close at 9.8 cts on volume of 223 milion shares. Traded on a low of 8.0 cts and a high of 10.2 cts.
Now that it has run up so much, and is quite close to the cash they (Oakwell) are getting, the risk is
now higher. Do trade carefully.
 
josephyeo ( Date: 02-Sep-2013 14:52) Posted:
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top volume no 4, volume traded as of now (2.50pm) 175 million shares.
last traded 9.9cts ...
josephyeo ( Date: 02-Sep-2013 08:57) Posted:
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opening at 8 cts
josephyeo ( Date: 30-Aug-2013 15:20) Posted:
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Oakwell is selling it's subsudiary for $70 million.
This is equal to 10.5 cts per share based on Oakwell's 668.3 million shares.
Currently Oakwell is traded at 8 cts per share which is 2.5 cts lower than what it get from the sale of it's subsidiary.
Pls refer to their annoucement on the 21st aug 2013 in sgx.com.sg for details.
novice_trader ( Date: 30-Aug-2013 09:25) Posted:
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Something cooking inside????
3,625,000 shares traded at 8.1 cts by 9.15am.
buying 3,888,000 at 7.9cts - selling 1,140,000 at 8.1 cts
tea444u ( Date: 29-Aug-2013 01:59) Posted:
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firm at 8 cts. 3.9 mil shares traded.
3,542,000 buying @7.9 and 968000 selling at 8.0 as of 2.30pm
josephyeo ( Date: 29-Aug-2013 08:53) Posted:
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i think the dividend quantum is at the discretion of the company.
but it should be substantial relative to current share price of 8 cts.
tea444u ( Date: 29-Aug-2013 01:59) Posted:
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10.9 cents per share after the sale? by law how much must they pay out?thanks joseph...
josephyeo ( Date: 28-Aug-2013 16:27) Posted:
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If the deal pull through the company would be receiving 10.5 cts per share based on $70 millions and 668,266,000shares.
The current traded price is only 7.9 cts.
See the company's annoucement on 21st aug '13 at sgx.com.sg
still holding well at 7.9 cts. volume traded .. 6,725,000
josephyeo ( Date: 28-Aug-2013 00:08) Posted:
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holding steady at 8 cts
the company has clearly committed to distribute part of the proceeds to shareholders
but what quantum we do not know. See annoucement on 21 aug 2013.
josephyeo ( Date: 27-Aug-2013 23:48) Posted:
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The sale agreement had been signed. They are now on the nitty gritty and if there are no issue
then the sale will go ahead. They have targetted to have the whole deal completed by 31 oct 2013.
See their annoucement on sgx.com.sg on 21st aug 2013.
tea444u ( Date: 27-Aug-2013 22:50) Posted:
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hi there...wondering if this could be another ocean sky?
last traded 7.8 cts (2.51pm 27 aug)
josephyeo ( Date: 27-Aug-2013 11:45) Posted:
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still at 8cts ...
josephyeo ( Date: 26-Aug-2013 23:35) Posted:
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On completion of the sale (assuming the sale will get through) the company will get $56million dollars in cash.
Balance of the $14 millions will be collected within 2 years. Please refer to their annoucement on 21 aug 2013
in SGX. com.sg. And the current capitalisation of the company is only $54.1 million based on share price of 8.1 cts.
josephyeo ( Date: 26-Aug-2013 17:34) Posted:
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closed at 8 cts
josephyeo ( Date: 26-Aug-2013 14:22) Posted:
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share price : 8.1 cts  (as of 26 aug 2.22pm)
sale price  : 10.4 cts (based on agreed price of $70 mil over 668 mil shares)
commitment to disribute proceed of sale .. quantum not known yet but should be substantial relative to share price.
see original annoucement by company on 21 aug 2013 sgx