Penguin Intl
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Happy Feet: A new offshore marine play ??
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I think there is potential for Penguin to rise in coming week, look set to break 36cts resistance. Vested.
Cheonggg...ahh, will cheongg oni how much 38c ? very happy 
Lohh.
Waiting for BBs to settle their things 1st...Matching deal worth $768,960.00ct. Price consolidation...
At 36c and at 37c, most retailers bot up to hold (less 2,136 lot-36c & less 520 lots-37c, matching deals)
Sori for miss..naming Penquin, this one should be in Banjoo.....
Penquin will rise it TP as Lottvis has done so by rising it TP by trading house. Meanwhile both stocks is trading flat.....hmm........
Penquin closed at 37c (+0.015c) on heavy volume of 81,039,000, alot has buying power at 0.36.5c and alot seem to profit take at 0.37.c to 0.37.5, while at 0.38c saw profit peaking and with some optimistic players buying in greater numbers, so strong support is seen at 365c. (18,654,000m done)
anyone know from market sources when Penguin going to list Penguin Shipyard?
and what is the bonus ratio they going to offer?
if so pls share much appreciate.
I heard will go 40cts..... dance happyfeet dance!!!!!
Vested 50,000 shares at 0.36.5c........Ya !!!!! ME (MiddleEast)...buy some to hold.
Happy feet lai liao, lai liao......Cheongg...liao 36.5c. verty strong buying power.
Happy feet, dun be idle,,,enough of sideways waddle... CHEONG AH!!!
Penquin Latest News:
Don really understand Why??. When S$30,000,000 million worth of share had been due-ly completed as of today...2 July 2007. (see below..is the latest news from SGX.) DBZ completed Tranche 28 & 29,
so Tranche 30 have yet to be convert....hmm...Tmr will Q, Q to buy some to hold.
| Description |
The Board of Directors of Penguin Boat International Ltd (the "Company") is pleased to announce that D.B. Zwirn Mauritius Trading Limited, in accordance with the terms of the Subscription Agreement, has on 2 July 2007 exercised its right to convert the principal amount of S$2,000,000 in respect of the Tranches No. 28 and 29 redeemable zero coupon convertible bonds with an aggregate value of S$2,000,000, issued by the Company on 19 June 2007 and 2 July 2007.
The aggregate number of shares allotted to D.B. Zwirn Mauritius Trading Limited is 8,960,573 new shares at the Conversion Price, based on a floating rate, of S$0.2232 for each new share for the aggregate value of S$2,000,000. The Conversion Price of S$0.2232 is based on 90% of the average of the five consecutive closing prices per share of the Company for the period from 28 May 2007 to 30 May 2007, 1 June 2007 and 4 June 2007.
The 8,960,573 new shares will be listed and quoted on the Singapore Stock Exchange Securities Trading Limited.
None of the directors or the substantial shareholders of the Company has any direct or indirect interest in the above transaction nor any connection with the Subscriber, its directors or substantial shareholders.
The Company confirms that Rule 825 of the Listing Manual is complied with arising from the issue of the 8,960,573 new shares.
Note : (Capitalised terms not expressly defined herein shall have the same meanings as ascribed to them in the Company's Circular dated 11 October 2006)
By Order of the Board
Joanna Tung
Group Financial Controller
| Date & Time of Broadcast |
03-Jul-2007 12:31:29 |
|
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Tot that Penquin will be under attack by.......to 34.5c, that did not happen liao, see closing price. and more happy news..Ya !!!. Got contract in Middle East,
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_93FC89D1240C15F94825730E00342D3A/$file/JVPMELLC040707.pdf?openelement
Closed at 0.355c with a matching deal after 5pm.
Traded Summary: closed on strong support from alot of retailers.
Just for info..I have read throu... Cheng88 CNA forum on Penquin and is very infomative....so is my response to why Philip's CFD kakis 1 2 sell it down especially today. Maybe influenced by Sunday Times and from Mr Cai who has mentioned Penquin.
Don really understand Why??. When S$30,000,000 million worth of share had been due-ly completed as of today...2 July 2007. (see below)
ISSUANCE OF REDEEMABLE ZERO COUPON CONVERTIBLE BONDS WITH AN AGGREGATE PRINCIPAL AMOUNT OF S$30,000,000, ISSUABLE IN THIRTY EQUAL TRANCHES OF A PRINCIPAL AMOUNT OF S$1,000,000 EACH (THE "BONDS") TO D.B. ZWIRN MAURITIUS TRADING LIMITED, EACH TRANCHE DUE ON THE DATE FALLING FIVE YEARS FROM THE ISSUE DATE OF SUCH TRANCHE
Description Pursuant to the Bond Subscription Agreement signed between Penguin Boat International Ltd (the "Company") and D. B. Zwirn Mauritius Trading Limited (the "Subscriber") on 15 August 2006, and pursuant to the approval granted by the Company's shareholders on 3 November 2006, the Board of Directors of the Company wishes to announce that the Subscriber has on 2 July 2007 subscribed for the Tranches No. 29 and 30 of redeemable zero coupon convertible bonds having an aggregate principal amount of S$2,000,000 under the terms of the Bond Subscription Agreement.
The Subscriber and its directors and substantial shareholders have no connection (including any business relationship) with the Company and its directors and substantial shareholders.
In accordance with Rule 825 of the Listing Manual, the Company confirms that the number of new shares arising from the conversion of the outstanding redeemable zero coupon convertible bonds subscribed for will not in aggregate exceed 50% of the Company's issued share capital.
By order of the Board
Joanna Tung
Group Financial Controller
2 July 2007
---------------------------------------------------------------------------------------------------------------------------------------------------------
And this...from teeth53
1) Usually when those BBs 1 2 convert their coupon (bond), in this case tranche nos 29 and 30 which is their last $30,000,000 mil, they (BBs) will artificially push the trading price as low as possible co's like that they only get to pay alot, alot less to convert those million.
2) There after completion, the whole process, price is set as a matter of when only, after all, they (BBs) are holding alot more newly convertible Bond converted to mothers share liao.
3)Just a matter of when for price to be lifted, if S$30,000,000 worth of share is lifted by 10% to 15%. They stand to benefit 3mil to 4.5 mil in capital gain.
4) If my explaination is wrong, please do me a flavour..can, help me to understand what is all this about
For those interested in what FSIV / FSV does and it's requirements...
http://www.dynamic-positioning.com/dp2004/workboats_moen.pdf
Yep, Happy Feet is back. Marine play still hot, Vested at 0.345, will hold till at least 0.40. Edge set TP at 0.48..I not so greedy he he,,,
