Just got the update:
The 4m share buyup on 27-Feb-08 was
Company Insider No.of Shares Share Price %Stake Before transaction %Stake After
Enviro-Hub
Did some some reading after above Shareholder purchase. & dig out 1 old article on it.
Worth a buy? Plan to load some of it base on the pr.
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Published December 18, 2007 (Excerpt from Business Times)
Re-summarize as follows:
Enviro-Hub to build Singapore's first commercial plant for the conversion of waste plastics to fuel (PTF).
Construction of Tuas plant expected to be completed by 2nd Q '08
Commercial production is expected to start the same quarter.
PTF plants will not only solve the issue of plastics ending up in landfills, but they will also enable Enviro-Hub to produce commercial quality fuel, LPG and coke.
The Plant has the capacity to convert 30,000 tonnes of waste plastics into fuel annually,' Enviro-Hub aims to increase the annual process capacity to 50,000 tonnes by end-2008.
During the building of the plant, Enviro-Hub will be marketing this new service and similar plants globally, having received expressions of interest from Malaysia, Thailand, Hong Kong, Vietnam, the Philippines, Germany, New Zealand, Australia and Brazil.
Enviro-Hub said the latest technology know-how, which is patented and licensed to the group, allows waste plastics to be broken down into fuel at significantly lower temperatures. It also ensures a yield of 85 per cent commercial quality fuel, with the remaining 15 per cent ending up as liquid petroleum gas (LPG) and coke.
This new plant is expected to have a financial impact on the group but the actual impact will depend on how fast its operations take off, the group said.
This project also give an alternative solution to the plastic components found in electronic wastes, but could also be expanded to resolve the long-outstanding problems many countries face with the municipal or general plastic wastes. The disposal of plastics is a global problem given the lack of land for landfills. The PTF plants will solve the growing environmental issue of plastics ending up in landfills.
Analysts at the Asia Pacific Recycling Conference held earlier this year in India had estimated that by 2009, global consumption of plastics in packaging will reach US$190 billion, second to paper and board which exceeds US$210 billion.
☼ No lack of raw materials such as the plastic wastes
☼ Produce commercial quality fuel, LPG and coke.
☼ Solving environment issues of plastics ending up in landfills
Seems a good deal.
Raymond Ng 4,000,000 0.450 31.15 31.76
| 09:40:10 |
0.450 |
649,000 |
X |
| 09:39:19 |
0.450 |
401,000 |
X |
| 09:38:13 |
0.450 |
460,000 |
X |
|
|
|
|
| 09:37:18 |
0.450 |
460,000 |
X |
| 09:36:05 |
0.450 |
250,000 |
X |
| 09:35:12 |
0.450 |
900,000 |
X |
| 09:34:14 |
0.450 |
480,000 |
X |
Seems interesting. Lots of married deal at this price today.
Much higher than last done price.
Is there a positive news or TA breakout? Jump in price and volume....
at last it wake up again. It shld be able to reach 60 cts and above.
Heard that Enviro-Hub is the topic of the Public Insight for tonight 7.30pm program. Does it mean the share will go up?
No worry.... still fundamentally SOUND. Just a delay in production. Any way shorted this morning for some kopi money. Maybe wait a while more for int to shoot past 70 cents.
Now Kim Eng is also BULLISH! Don;t waste time on TAs. Look at the fundamentals of the company. So what if the TAs are good for those bankrupt stocks like Sapphire of Goldtron? They all eventally move back to where they are.
Enviro-hub
Shining through acquisition
�� An accretive acquisition
An accretive acquisition
Envirohub (E-hub) announced it is acquiring a 23% associate stake in Thai
listed, Professional Waste Technology Public Company Limited (PWT) for
Baht 230m (~S$9.8m). The investment is valued at 12x PE (associate level)
and will be funded by internal resources and bank borrowings. PWT has
issued an NPAT guarantee of at least Baht 82m (E-hub?s implicit share works
out to S$0.82m in FY07) and Baht 156m (S$1.6m) in FY08. E-Hub will also
receive a one-off US$2m in licensing fees for technology transfer to PWT and
it will be entitled to appoint two directors to PWT?s board. Overall, the
acquisition will effectively boost NPAT to $66m inclusive the one time gain
from the recent sale & leaseback of its two properties and sale of Leong Hin
Equipment (M) Sdn Bhd.
�� Expanding market reach and additional income source
Expanding market reach and additional income source
PWT is one of three companies licensed to treat and recycle hazardous and
non-hazardous waste in Thailand, and has a client base of 1,000 customers
in the vast automobile and electronics industries. As part of the agreement,
PWT will:
1. Engage Cimelia Recovery Resource Pte Ltd (CRR) to set up an
electronic waste recycling facility in Thailand
2. Acquire the technical know-how from CRR for electronic waste
recycling for a cash consideration of US$2m.
3. Engage the services of E-hub to manage all its waste recycling
business.
4. Acquire a JTS Aluminium and Metal Co Ltd which is engaged in
recycling of aluminium scrap and aluminium dross. Its customers
provide raw materials to the autombile, construction and electronic
industries.
Management is positive on recycling and processing aluminium on a large
scale thereby adding another avenue of income.
�� Maintain Buy
Maintain Buy
We are maintaining our Buy recommendation and target price of $0.75. Our
assumptions are predictated on (1) 16x for core refining business (2)
revaluation of HLS Electronics given its impending IPO and (3) property
revaluation. Key risks include the execution risks of the copper smelting
factory and raw material prices.
UOBKAYHIAn target price $0.78!!!!!
Enviro-Hub Holdings
Beneficiary of e-waste created by Windows Vista
Financial performance at Enviro-Hub will improve significantly starting 2Q07
after its copper smelting & refining plant commence commercial production.
Copper smelting & refining plant provides vertical integration. E-Hub
Metals? copper smelting & refining plant has completed production for the first
batch of copper cathode. Anode slime, a by-product from copper refining, is
further processed by subsidiary Cimelia Resource Recovery. Analysis of anode
slime indicates a rich mix of precious metals. Iridium was found in the anode
slime besides the usual gold, silver, platinum and palladium. Commercial
production is scheduled to commence in Mar 06. Processing of anode slime will
take up to 30% of available capacity at Cimelia.
E-Hub
Metals? copper smelting & refining plant has completed production for the first
batch of copper cathode. Anode slime, a by-product from copper refining, is
further processed by subsidiary Cimelia Resource Recovery. Analysis of anode
slime indicates a rich mix of precious metals. Iridium was found in the anode
slime besides the usual gold, silver, platinum and palladium. Commercial
production is scheduled to commence in Mar 06. Processing of anode slime will
take up to 30% of available capacity at Cimelia.
Utilisation at Cimelia to improve. Cimelia recovers platinum group of metals
(PGMs) from e-waste. The company was constrained by lack of working capital
last year as financial resources was devoted to accumulating copper scrap and
construction of the copper smelting & refining plant. However, Cimelia was
profitable in FY06 despite operating at utilisation of only 30%. Utilisation will
improve in FY07 due to processing of anode slime and increasing contribution
from customers in the PC, HDD and mobile phone industries. The company is
also expanding into recovery of precious metals from plating solutions.
Cimelia recovers platinum group of metals
(PGMs) from e-waste. The company was constrained by lack of working capital
last year as financial resources was devoted to accumulating copper scrap and
construction of the copper smelting & refining plant. However, Cimelia was
profitable in FY06 despite operating at utilisation of only 30%. Utilisation will
improve in FY07 due to processing of anode slime and increasing contribution
from customers in the PC, HDD and mobile phone industries. The company is
also expanding into recovery of precious metals from plating solutions.
Recycling contract from US-based PC maker. Enviro-Hub has secured new
e-waste recycling contract from a major US-based PC maker covering the Asia
Pacific region. The contract was secured after a series of three stringent audits.
This is part of the PC maker?s consumer take-back programme to offer free
recycling services on a global basis for PCs and peripheral equipment. The
customer has just extended free recycling services to Asian countries such as
China, India, South Korea and Taiwan in Dec 06.
Enviro-Hub has secured new
e-waste recycling contract from a major US-based PC maker covering the Asia
Pacific region. The contract was secured after a series of three stringent audits.
This is part of the PC maker?s consumer take-back programme to offer free
recycling services on a global basis for PCs and peripheral equipment. The
customer has just extended free recycling services to Asian countries such as
China, India, South Korea and Taiwan in Dec 06.
Windows Vista creates more e-waste. PC makers such as Dell and HP are
preparing for a surge in e-waste from discarded PCs after launch of Windows
Vista. It is estimated that 63% of PCs shipped in 2005 were equipped with lastgeneration
integrated graphics processors and will not be able to run premium
versions of Windows Vista (source: Jon Peddie Research). Both Dell and HP
accept desktop and notebook PCs, monitors and printers from all vendors,
including competitors. Dell made it convenient for consumers by providing pick
up services from homes. In US, consumers can return outdated HP products at
drop-off points in retail stores.
PC makers such as Dell and HP are
preparing for a surge in e-waste from discarded PCs after launch of Windows
Vista. It is estimated that 63% of PCs shipped in 2005 were equipped with lastgeneration
integrated graphics processors and will not be able to run premium
versions of Windows Vista (source: Jon Peddie Research). Both Dell and HP
accept desktop and notebook PCs, monitors and printers from all vendors,
including competitors. Dell made it convenient for consumers by providing pick
up services from homes. In US, consumers can return outdated HP products at
drop-off points in retail stores.
Jon Peddie Research). Both Dell and HP
accept desktop and notebook PCs, monitors and printers from all vendors,
including competitors. Dell made it convenient for consumers by providing pick
up services from homes. In US, consumers can return outdated HP products at
drop-off points in retail stores.
Balance sheet strengthened by divestment of industrial properties. Enviro-
Hub will receive payment of S$54.9m for the divestment of leasehold properties
and premises at 20 Gul Way and 3 Tuas Avenue 2 in Apr 07. We expect the
estimated capital gain of S$37.4m to be recognised in 2Q07 when the
transaction is completed. Management plans to utilise the funds for dividends
and business expansion.
Reiterate BUY. We like Enviro-Hub for its vertically integrated business model.
Our target price of S$0.78 is based on 15x FY07 core earnings.
Enviro-
Hub will receive payment of S$54.9m for the divestment of leasehold properties
and premises at 20 Gul Way and 3 Tuas Avenue 2 in Apr 07. We expect the
estimated capital gain of S$37.4m to be recognised in 2Q07 when the
transaction is completed. Management plans to utilise the funds for dividends
and business expansion.
Reiterate BUY. We like Enviro-Hub for its vertically integrated business model.
Our target price of S$0.78 is based on 15x FY07 core earnings.
Be cautious on this one... TA charts actually show that it may be on a trend reversal downwards soon.
Wishes those who has holding power, congratulation and wish U all good luck.
Enviro-Hub, can coonsider a leader who can be leading the recycle business, here again just wondering what OHL can do something about his....recycle flagship!!.
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Hinting did come, maybe ppl don or keen in it..till Aiyah.... too late liao.
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Enviro-Hub going still v.strong, closed of 45c +0.050c on vol 14.89mil changed hands.
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FYI oni: not an inducment to trade, if must, do so within your mean. :)
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