AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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541-560 of 5048
Based on OSK DMG report market cap for Ausgrp is
RTO of the M'sian companies is S$210m
which is just about fair value.. however there will be proceeds from the relisting on ASX to shareholders as quoted from OSK DMG report (unable to calculate that amount at the moment)
ozone2002 ( Date: 08-May-2013 16:14) Posted:
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AusGroup rises on planned S$210m purchase ahead of RTO
AusGroup's counter rose as much as 7.5 per cent to 50 Singapore cents on Wednesday morning, a day after it revealed the possible acquisition of two Malaysian property developers as part of its reverse takeover plans to relist on the Australian Securities Exchange - PHOTO: REUTERS
AusGroup's counter rose as much as 7.5 per cent to 50 Singapore cents on Wednesday morning, a day after it revealed the possible acquisition of two Malaysian property developers as part of its reverse takeover plans to relist on the Australian Securities Exchange (ASX).
On Tuesday, after market hours, the construction service provider to the resources, energy and industrial sectors said it has entered into a conditional agreement to buy out two firms, Kebun Sedenak Sdn Bhd and Tropik Sentosa Sdn Bhd for S$210 million combined.
This, it said, was a key step in its proposed demerger of AusGroup's subsidiaries into a 100-per-cent-owned subsidiary, which will be listed on be listed on the ASX.
The two companies develop, manage and operate resort homes, condominiums, hotels and commercial and residential developments. Between themselves, they own freehold land in Malaysia which they intend to develop a master-planned golf resort.
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AusGroup rises on planned S$210m purchase ahead of RTO
AusGroup's counter rose as much as 7.5 per cent to 50 Singapore cents on Wednesday morning, a day after it revealed the possible acquisition of two Malaysian property developers as part of its reverse takeover plans to relist on the Australian Securities Exchange - PHOTO: REUTERS
AusGroup's counter rose as much as 7.5 per cent to 50 Singapore cents on Wednesday morning, a day after it revealed the possible acquisition of two Malaysian property developers as part of its reverse takeover plans to relist on the Australian Securities Exchange (ASX).
On Tuesday, after market hours, the construction service provider to the resources, energy and industrial sectors said it has entered into a conditional agreement to buy out two firms, Kebun Sedenak Sdn Bhd and Tropik Sentosa Sdn Bhd for S$210 million combined.
This, it said, was a key step in its proposed demerger of AusGroup's subsidiaries into a 100-per-cent-owned subsidiary, which will be listed on be listed on the ASX.
The two companies develop, manage and operate resort homes, condominiums, hotels and commercial and residential developments. Between themselves, they own freehold land in Malaysia which they intend to develop a master-planned golf resort.
41 million shares done as of now..
Wow.. with such a large vol, does this signal BB interests coming back?
gd luck dyodd
AusGroup lists strong reasons to relist on ASX....
What are the risk involve??, with new sexy story again. Dual listing story goes hay wire, with RTO, or both dual listing and RTO.??? teeth53 ( Date: 06-May-2013 22:13) Posted:
Just re-freshing...what's happening is story line has change. (think so)
| AusGroup |
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Op-0.465 |
Cls-0.440 |
-0.020c |
-4.3% |
Vol-17,394,000 |
teeth53 ( Date: 04-May-2013 23:57) Posted:
Just to re-cap. Last yr got a lot of very strong story to tell, especially dual listing in AU. Players were very optimistic. Most recent calling, for a buy as strong interests shown by DMG calling with a TP of 0.66c.
I was wondering some players may have got stuck ur stuff in...
Teeth53 thot - please do ur own due diligence when betting on very sexy story. Just want to promote stk/shr trading interest here in SJ. |
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From OSK DMG
AusGroup revealed the details of the next key step towards its relisting onto the ASX – The RTO companies will be Kebun Sedenak Sdn Bhd and Tropik Sentosa Sdn Bhd (" Target Group" ), whose assets include freehold land and a golf resort in Malaysia. As insufficient information was disclosed, our valuation of SGD0.66 is for AusGroup only, and we leave as potential upside any incremental value arising from the RTO.
Considerable land in Iskandar Malaysia and a golf resort. The Target Group owns about 1,015 acres of freehold land in Iskandar Malaysia and intends to acquire another 47 acres for a total of 1,062 acres. They also own The Legends Golf & Country Resort, which is a master-planned resort comprising one 18-hole Jack Nicklaus-designed championship course, one 9-hole Arnold Palmer-designed course and other assets. The main business of the Target Group after the RTO will be property development and management.
Heavyweight investors behind Target Group. The Target Group’s shareholders include the Oh family which owns The Legends Fort Canning Park, Hotel Fort Canning, and is linked to the Eng Wah Global Group. Another big name is The New World Group from Hong Kong, a conglomerate with HKD311bn in assets.
AusGroup lists strong reasons to relist on ASX. The ASX listing will i) offer AusGroup additional currency to pursue M& A opportunities in Australia, ii) improve its access to funds and banking arrangements being listed in a market with investors familiar with its operating environment, iii) increase its profile and enlarge its client base in Australia, and iv) increase its currency to retain staff via share schemes. As such, we see continued impetus for management to complete this relisting process.
No RNAV information available to value Target Group assets. After current shareholders receive distributions in specie of the ASX-listed Austco shares, the SGX-listed AusGroup will contain only Target Group assets. Without sufficient information to fair-value these assets, we leave as potential upside any incremental value from the land and golf resort, and maintain our BUY on AusGroup at a TP of SGD0.66.
AusGroup Limited has entered into a conditional Sale and Purchase Agreement under which the Company has agreed to purchase 100% of the share capital in Kebun Sedenak Sdn Bhd and 100% of the share capital in Tropik Sentosa Sdn Bhd. The signing of the SPA is a key step in the proposed demerger of AusGroup’s subsidiaries into a 100%-owned subsidiary, which is intended to be listed on the Australian Securities Exchange (ASX),and a proposed Reverse Take Over of AusGroup Limited involving the acquisition of the Target Holding Companies. The purchase consideration under the SPA will be via the issue of new ordinary shares in the capital of AusGroup Limited, which remains listed on the Singapore Exchange (SGX). (Closing price: S$0.465, 5.682%)
49 power up!
i like the fella who keeps giving me bad posts..
instead of channelling that energy to finding gd fundamental value stock..
i'm just here to share.. use it with discretion
gd luck dyodd
Let's see how it fares today :)
1) ausgroup will RTO the big property/resort developer which owns 1062 acres in iskandar region....
2) AGL will be transferred to austco for australia listing becuase only australia it will unlock true potential
and company plan to seek more opportunties.......
3) whats in for us? Bascially we are going to own 2 public listing company...... ausgroup is getting peoople to value the the target holding company......
All i can say its very positive...... way better than rowsley deal.......
Lets say the Austco listing price is 50 cents aus dollar.... thats 60 cent sg....
Dont forget the big potential of ausgroup rto... the issue price has yet to be determine.......
I am looking around 70-80 cents once the deal are done......
kgaihc ( Date: 07-May-2013 21:17) Posted:
can someone explain what the announcement is about.. a bit chim for me to understand.. thanks
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can someone explain what the announcement is about.. a bit chim for me to understand.. thanks
Wow ausgroup...... rto+asx listing....that means you will own 2 solid public listing company...... unlocking value of asx listing should worth at least aussie 50-60 cents then addon the rto even though diluton is worth at least 5-10 cents.....
Closing 47?
looks like a comeback.. 15.6 million shares done
gd luck dyodd
10 mil shares done.. risen from the dead..now 46c..
gd luck dyodd
UBS is the Operator behind this counter
now 46c..
dead meow meow bounce? or BB picking on the cheap?
gd luck dyodd
i just saw Buffet's interview today.. reiterating the point that to buy good stocks that have gone cheap
gd luck dyodd
Just re-freshing...what's happening is story line has change. (think so)
| AusGroup |
|
|
Op-0.465 |
Cls-0.440 |
-0.020c |
-4.3% |
Vol-17,394,000 |
teeth53 ( Date: 04-May-2013 23:57) Posted:
Just to re-cap. Last yr got a lot of very strong story to tell, especially dual listing in AU. Players were very optimistic. Most recent calling, for a buy as strong interests shown by DMG calling with a TP of 0.66c.
I was wondering some players may have got stuck ur stuff in...
Teeth53 thot - please do ur own due diligence when betting on very sexy story. Just want to promote stk/shr trading interest here in SJ. |
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