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521-540 of 690
BAKER TECHNOLOGY LIMITED
(Unique Entity Number 198100637D)
(Incorporated in the Republic of Singapore)
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 22 APRIL 2010
Pursuant to Rule 704(14) of the SGX Securities Trading Listing Manual, the Board of Directors of Baker Technology Limited ("the Company") wishes to inform that at the Annual General Meeting (“AGM”) of the Company held today, all resolutions relating to the matters as set out in the Notice of AGM dated 29 March 2010 were duly approved and passed by the shareholders of the Company.
By Order of the Board
Aw Seok Chin
Company Secretary
22 April 2010
With YZJ trading halt, surely these 2 companies must be on the same subject.
DnApeh ( Date: 22-Apr-2010 22:16) Posted:
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i thought need to have meeting to vote 1st.
probably something else.
best is another bidder machiam macarthur.
wishbone ( Date: 22-Apr-2010 22:08) Posted:
Will this be the obvious announcement, that the mgt of BT has accepted the offer from YZJ.
The deal is too good for BT to reject.
Huat!!! for those who are vested.
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The Edge Mid-Week Comment April 21: Offshore optimism Written by Goola Warden
Thursday, 22 April 2010 10:03 .............. . ... . ..
Separately, Yangzijiang has applied to the TWSE (Taiwanese Stock Exchange) to list its TDRs on that exchange,
according to the Taipei business press.
Actually, investors had started to take a second look at the marine and offshore sector before these two events.
The trigger was probably the announcement by Cosco Corporation back in March that it had clinched a repeat
order from Sevan Marine for its one-of-kind cylindrical semi-sub. This time, the order value was US$500 million
compared to US$190 million for the first semi-sub in 2006.
Then on Apr 16, Brazilian oil major Petrobras announced it had signed on Apr 4 a “Strategic Cooperation
Agreement with China Petrochemical Cooperation (Sinopec) and China Development Bank Corporation (CDB)
aimed at assessing mutually beneficial opportunities on the areas of cooperation.”
According to the announcement by Petrobras, the agreement includes the cooperation between Petrobras and
Sinopec in Exploration & Production (E&P); Downstream; Petrochemical and Fertilisers; and Services and
Procurement.
“In the E&P area, there stands out the intention of the parties to assess future partnerships, including the
possibility of selling part of Petrobras’s interest in blocks BM-PAMA-3 and BM-PAMA-8, located in the
Para-Maranhao Basin,” the announcement states. Petrobras also said that it is negotiating on financing with
China Development Bank Corporation. Sinopec may need an additional two semi-subs to develop the two blocks
and analysts believe the order could go to state-owned Chinese shipyards such as Cosco.
............................ .. . . . CHART VIEW
.................. .. .. Offshore and marine stocks such as Baker Tech, Yangzijiang, Cosco and SembMarine have
run up significantly and are now experiencing consolidations/corrections. Their uptrends remain very much intact and there is nothing yet to suggest a reversal. Note
though that Yangzijiang has developed a short-term bearish formation in the candlestick charts,
but the correction should be temporary. ........ . .. .... ... .... Announcement Title * COSCO CLINCHES CONTRACT WORTH MORE THAN USD500 MILLION FOR SEVAN DRILLER II RIG
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_ED5818EDA4FBAA0D482576E700162DB6/$file/COSCO_Annt_COSCO_SevanDrillerIIRIG.pdf?openelement
Friday: 23 APRIL 2010
CNA announced KEP CORP result and reported KEP CORP planned its NEXT GROWTH PHASE ON ACQUISITION.
BAKER TECH, MERMAID, AUSGROUP, et cetera
LiKELY CANDIDATES
i thought need to have meeting to vote 1st.
probably something else.
best is another bidder machiam macarthur.
wishbone ( Date: 22-Apr-2010 22:08) Posted:
Will this be the obvious announcement, that the mgt of BT has accepted the offer from YZJ.
The deal is too good for BT to reject.
Huat!!! for those who are vested.
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Will this be the obvious announcement, that the mgt of BT has accepted the offer from YZJ.
The deal is too good for BT to reject.
Huat!!! for those who are vested.
For all those vested.
TRADING HALT as at 9.00am 23/4/10.
If i will play this stock - Max $0.72
pharoah88 ( Date: 22-Apr-2010 19:33) Posted:
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TARGET PRiCE S$0.93
CASH PER SHARE S$0.443
pharoah88 ( Date: 22-Apr-2010 16:12) Posted:
| BakerTech |
Symbol:
568 |
Currency:
Singapore Dollar |
| Last: |
0.565 |
 + 0.06 |
Vol (K): 96966.0 |
Corporate Action - Cum Dividend
| Trading |
| Updated Time |
22-Apr 15:50 |
| Open |
0.5 |
High |
0.575 |
Low |
0.5 |
| Prev Close |
0.505 |
Buy |
- |
Sell |
- |
| Volume(K) |
96966.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
0.505 |
52 Wk Low |
0.135 |
52 Wk Avg Vol |
4879.836 |
| All Time High |
6.3 |
All Time Low |
0.02 |
|
|
| Comments |
Near 52 wk high |
*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
31-Mar-2010 |
Financial Year |
31-Dec-2009 |
Current Year Profit
(After Tax) $'000,000 |
38.569 |
Previous Year Profit
(After Tax) $'000,000 |
18.818 |
| Net Asset Per Share |
0.14 |
Turnover $'000,000 |
30.17 |
Current Year EPS
(After Interest and Tax) |
0.06 |
Previous Year EPS
(After Interest and Tax) |
0.03 |
| PE Ratio (After Tax) |
5.5 |
Times Covered |
2.6 |
| Price (at update time) |
0.33 |
Dividend Yield |
0.07 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
88.84 |
Williams %R |
-10.0 |
| Comments (RSI) |
Overbought |
Comments (W%R) |
Overbought |
Intraday Chart
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|
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TARGET PRiCE S$0.93
CASH PER SHARE S$0.443
pharoah88 ( Date: 22-Apr-2010 16:12) Posted:
| BakerTech |
Symbol:
568 |
Currency:
Singapore Dollar |
| Last: |
0.565 |
+ 0.06 |
Vol (K): 96966.0 |
Corporate Action - Cum Dividend
| Trading |
| Updated Time |
22-Apr 15:50 |
| Open |
0.5 |
High |
0.575 |
Low |
0.5 |
| Prev Close |
0.505 |
Buy |
- |
Sell |
- |
| Volume(K) |
96966.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
0.505 |
52 Wk Low |
0.135 |
52 Wk Avg Vol |
4879.836 |
| All Time High |
6.3 |
All Time Low |
0.02 |
|
|
| Comments |
Near 52 wk high |
*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
31-Mar-2010 |
Financial Year |
31-Dec-2009 |
Current Year Profit
(After Tax) $'000,000 |
38.569 |
Previous Year Profit
(After Tax) $'000,000 |
18.818 |
| Net Asset Per Share |
0.14 |
Turnover $'000,000 |
30.17 |
Current Year EPS
(After Interest and Tax) |
0.06 |
Previous Year EPS
(After Interest and Tax) |
0.03 |
| PE Ratio (After Tax) |
5.5 |
Times Covered |
2.6 |
| Price (at update time) |
0.33 |
Dividend Yield |
0.07 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
88.84 |
Williams %R |
-10.0 |
| Comments (RSI) |
Overbought |
Comments (W%R) |
Overbought |
Intraday Chart
pharoah88 ( Date: 22-Apr-2010 16:08) Posted:
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Thursday: 22 APRIL 2010 16:07:28 102,061,000 S$0.575
1st POSITION
TOP VOLUME |
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LOL OMG - Win liao ... this article was send to me yesterday morning lol and spread it to sharejunction now lol :) nice one
battouchai ( Date: 22-Apr-2010 17:17) Posted:
Just to share...pls SOBAYOR... m not vested.
1. Sum of parts valuation implies Baker is worth $0.93 (non-diluted) or $0.73 (fully diluted) !!
2. If PPL deal goes through, Baker will have cash of S$76M (existing cash) + S$214M (PPL offer) = S$290M or $290/654.8M = $0.443 cash per share !!
Analysis
654.8M shares; 327.4M warrants
Net Profit = $38.6M ('09) vs $18.8M ('08)
Cash holdings = $76M; debt = negligible
Baker has 3 core pillars
1) 15% stake in PPL
- worth US$155M or S$214M
2) 49% stake in axle biz
- worth at least $20M based on the put option it can sell to Tata Group's associate
3) Sea Deep Shipyard
- a 100% owned subsidiary
- contributed approx $33.1M out of $38.6M '09 net profit
Sum of Parts Valuation (non diluted, 654.8M shares)
a) 15% stake in PPL = $214M/654.8M = $0.3268 per share
b) 49% axle biz = $20M/654.8M = $0.0305 per share
c) Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/654.8M = $0.455 per share
- P/E of 9x for Sea Deep is conservative as this is a 50% discount to the P/E of 18x for the oil & gas sector in '09)
d) $76M cash holdings = $76M/654.8M = $0.116 per share
Value per share = a+b+c+d = $0.93
Sum of Parts Valuation (fully diluted, 982.2M shares)
a) 15% stake in PPL = $214M/982.2M = $0.2179 per share
b) 49% axle biz = $20M/982.2M = $0.0203 per share
c) Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/982.2M = $0.303 per share
d) $76M cash holdings = $76M/982.2M = $0.0774 per share
e) 327.4M warrants exercised at $0.32 = $104.8M or $104.8M/$982.2 = $0.1067 per share
Value per share = a+b+c+d+e = $0.73
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Hi DnAPeh
Welcome...Was trying to see if that calculations make sense or not b4 i post mah.. sekali post lubbish without knowing paiseh man! ;p
Thanks!
Try to post early, early mah.
Kidding.
battouchai ( Date: 22-Apr-2010 17:17) Posted:
Just to share...pls SOBAYOR... m not vested.
1. Sum of parts valuation implies Baker is worth $0.93 (non-diluted) or $0.73 (fully diluted) !!
2. If PPL deal goes through, Baker will have cash of S$76M (existing cash) + S$214M (PPL offer) = S$290M or $290/654.8M = $0.443 cash per share !!
Analysis
654.8M shares; 327.4M warrants
Net Profit = $38.6M ('09) vs $18.8M ('08)
Cash holdings = $76M; debt = negligible
Baker has 3 core pillars
1) 15% stake in PPL
- worth US$155M or S$214M
2) 49% stake in axle biz
- worth at least $20M based on the put option it can sell to Tata Group's associate
3) Sea Deep Shipyard
- a 100% owned subsidiary
- contributed approx $33.1M out of $38.6M '09 net profit
Sum of Parts Valuation (non diluted, 654.8M shares)
a) 15% stake in PPL = $214M/654.8M = $0.3268 per share
b) 49% axle biz = $20M/654.8M = $0.0305 per share
c) Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/654.8M = $0.455 per share
- P/E of 9x for Sea Deep is conservative as this is a 50% discount to the P/E of 18x for the oil & gas sector in '09)
d) $76M cash holdings = $76M/654.8M = $0.116 per share
Value per share = a+b+c+d = $0.93
Sum of Parts Valuation (fully diluted, 982.2M shares)
a) 15% stake in PPL = $214M/982.2M = $0.2179 per share
b) 49% axle biz = $20M/982.2M = $0.0203 per share
c) Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/982.2M = $0.303 per share
d) $76M cash holdings = $76M/982.2M = $0.0774 per share
e) 327.4M warrants exercised at $0.32 = $104.8M or $104.8M/$982.2 = $0.1067 per share
Value per share = a+b+c+d+e = $0.73
|
|
Just to share...pls SOBAYOR... m not vested.
1. Sum of parts valuation implies Baker is worth $0.93 (non-diluted) or $0.73 (fully diluted) !!
2. If PPL deal goes through, Baker will have cash of S$76M (existing cash) + S$214M (PPL offer) = S$290M or $290/654.8M = $0.443 cash per share !!
Analysis
654.8M shares; 327.4M warrants
Net Profit = $38.6M ('09) vs $18.8M ('08)
Cash holdings = $76M; debt = negligible
Baker has 3 core pillars
1) 15% stake in PPL
- worth US$155M or S$214M
2) 49% stake in axle biz
- worth at least $20M based on the put option it can sell to Tata Group's associate
3) Sea Deep Shipyard
- a 100% owned subsidiary
- contributed approx $33.1M out of $38.6M '09 net profit
Sum of Parts Valuation (non diluted, 654.8M shares)
a) 15% stake in PPL = $214M/654.8M = $0.3268 per share
b) 49% axle biz = $20M/654.8M = $0.0305 per share
c) Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/654.8M = $0.455 per share
- P/E of 9x for Sea Deep is conservative as this is a 50% discount to the P/E of 18x for the oil & gas sector in '09)
d) $76M cash holdings = $76M/654.8M = $0.116 per share
Value per share = a+b+c+d = $0.93
Sum of Parts Valuation (fully diluted, 982.2M shares)
a) 15% stake in PPL = $214M/982.2M = $0.2179 per share
b) 49% axle biz = $20M/982.2M = $0.0203 per share
c) Sea Deep at P/E of 9x = 9x$33.1M = $298M or $298M/982.2M = $0.303 per share
d) $76M cash holdings = $76M/982.2M = $0.0774 per share
e) 327.4M warrants exercised at $0.32 = $104.8M or $104.8M/$982.2 = $0.1067 per share
Value per share = a+b+c+d+e = $0.73
Tomorrow -0.60-- 0.65 ?
| BakerTech |
Symbol:
568 |
Currency:
Singapore Dollar |
| Last: |
0.565 |
+ 0.06 |
Vol (K): 96966.0 |
Corporate Action - Cum Dividend
| Trading |
| Updated Time |
22-Apr 15:50 |
| Open |
0.5 |
High |
0.575 |
Low |
0.5 |
| Prev Close |
0.505 |
Buy |
- |
Sell |
- |
| Volume(K) |
96966.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
0.505 |
52 Wk Low |
0.135 |
52 Wk Avg Vol |
4879.836 |
| All Time High |
6.3 |
All Time Low |
0.02 |
|
|
| Comments |
Near 52 wk high |
*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
31-Mar-2010 |
Financial Year |
31-Dec-2009 |
Current Year Profit
(After Tax) $'000,000 |
38.569 |
Previous Year Profit
(After Tax) $'000,000 |
18.818 |
| Net Asset Per Share |
0.14 |
Turnover $'000,000 |
30.17 |
Current Year EPS
(After Interest and Tax) |
0.06 |
Previous Year EPS
(After Interest and Tax) |
0.03 |
| PE Ratio (After Tax) |
5.5 |
Times Covered |
2.6 |
| Price (at update time) |
0.33 |
Dividend Yield |
0.07 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
88.84 |
Williams %R |
-10.0 |
| Comments (RSI) |
Overbought |
Comments (W%R) |
Overbought |
Intraday Chart
pharoah88 ( Date: 22-Apr-2010 16:08) Posted:
|
Thursday: 22 APRIL 2010 16:07:28 102,061,000 S$0.575
1st POSITION
TOP VOLUME
pharoah88 ( Date: 22-Apr-2010 15:50) Posted:
Thursday: 22 APRIL 2010 15:46:43
S$0.570 2,315,000
BOUGHT frOm SELLER |
|
|
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Thursday: 22 APRIL 2010 16:07:28 102,061,000 S$0.575
1st POSITION
TOP VOLUME
pharoah88 ( Date: 22-Apr-2010 15:50) Posted:
Thursday: 22 APRIL 2010 15:46:43
S$0.570 2,315,000
BOUGHT frOm SELLER |
|
Thursday: 22 APRIL 2010 15:46:43
S$0.570 2,315,000
BOUGHT frOm SELLER
Thursday: 22 APRIL 2010 15:31:02
S$0.565 2,234,000 MiD
pharoah88 ( Date: 22-Apr-2010 14:28) Posted:
| BakerTech |
Symbol:
568 |
Currency:
Singapore Dollar |
| Last: |
0.55 |
+ 0.045 |
Vol (K): 58050.0 |
Corporate Action - Cum Dividend
| Trading |
| Updated Time |
22-Apr 14:06 |
| Open |
0.5 |
High |
0.555 |
Low |
0.5 |
| Prev Close |
0.505 |
Buy |
- |
Sell |
- |
| Volume(K) |
58050.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
0.505 |
52 Wk Low |
0.135 |
52 Wk Avg Vol |
4879.836 |
| All Time High |
6.3 |
All Time Low |
0.02 |
|
|
| Comments |
Near 52 wk high |
*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
31-Mar-2010 |
Financial Year |
31-Dec-2009 |
Current Year Profit
(After Tax) $'000,000 |
38.569 |
Previous Year Profit
(After Tax) $'000,000 |
18.818 |
| Net Asset Per Share |
0.14 |
Turnover $'000,000 |
30.17 |
Current Year EPS
(After Interest and Tax) |
0.06 |
Previous Year EPS
(After Interest and Tax) |
0.03 |
| PE Ratio (After Tax) |
5.5 |
Times Covered |
2.6 |
| Price (at update time) |
0.33 |
Dividend Yield |
0.07 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
88.84 |
Williams %R |
-10.0 |
| Comments (RSI) |
Overbought |
Comments (W%R) |
Overbought |
Intraday Chart
|
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sorry, married deal i don't want.
must be from open market.
ozone2002 ( Date: 22-Apr-2010 15:19) Posted:
ok we call our brokers then do married deal..ok?
24c |
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UNlikE STOP LOSS,
there is Only PLEASURE
and nO PAINS
