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Baker Technology    Last:0.55    +0.01

It's time to rebound ????

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pharoah88
    20-Apr-2010 13:59  
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SGX Mainboard listed Baker Technology Limited (Baker Tech) is a leading manufacturer and provider of specialised equipment and services for the oil & gas industry. Its core business is in the design and construction of a wide range of equipment and components for use in the offshore environment. These include offshore pedestal cranes, anchor winches, skidding systems, jacking systems and raw water tower structures. It also provides services such as project management, engineering services, quality assurance, and construction supervision. These products and services are highly specialised and cater to all facets of the oil & gas industry.

Baker Tech has a 49% interest in York Transport Equipment (Asia) Pte Ltd, a manufacturer and distributor of trailer axles and related components. It also holds a 15% stake in PPL Shipyard which designs and constructs offshore rigs. PPL’s Pacific Class 375 jack-up rigs are well accepted in the market as rigs of choice.

Baker Tech has market presence in China, the Middle East, Asia and USA.
 
 
pharoah88
    20-Apr-2010 12:33  
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thanks

178investors      ( Date: 19-Apr-2010 14:53) Posted:

i think that one maturing in Nov2012... sorry late reply as i dont stay online often.



pharoah88      ( Date: 19-Apr-2010 10:55) Posted:

Exercise PRiCE S$0.320

There are two warrants.

WHiCH  One ?



 
 
pharoah88
    20-Apr-2010 12:32  
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S$0.21 profits per  share

S$0.12 special dividend

BUMPER  GAINS



178investors      ( Date: 19-Apr-2010 15:18) Posted:

really, the voting is only a formality. if all the directors think its good for their pockets, then it's done since they control about 85% of  company.

actually, BT seems to be a company  more like an asset trader, meaning they buy businesses more for investments. So when an interested party wants to buy a piece of their businesses for a rich premium, they cash in the profits. A good time to let go? Offer is at 3 times book value.



wishbone      ( Date: 19-Apr-2010 10:49) Posted:

Is the selling of its PPL a done deal ?? Is PPL too good to let go for predicted long profitability?? There are three possibilities!!

1. BT rejects the offer (most likely not)
2. Accept the offer.
3. Offer from another company/companies (Cosco, Sembmarine, for example)




 

 
pharoah88
    20-Apr-2010 12:29  
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What  is  the  BAKER  WINNER  STORY  NOW ??

stockprospectus      ( Date: 20-Apr-2010 00:29) Posted:



A thumb of rule in Stock Market... Trend is your best friend until it bends. Boomz

http://stockprospectus.blogspot.com/2010/04/prospectus-pick_19.html

 
 
pharoah88
    20-Apr-2010 10:20  
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Tuesday: 20 APRIL 2010  10:19am

Is the trend  brokern  tOday?

What is your  Target Price ?



stockprospectus      ( Date: 20-Apr-2010 00:29) Posted:



A thumb of rule in Stock Market... Trend is your best friend until it bends. Boomz

http://stockprospectus.blogspot.com/2010/04/prospectus-pick_19.html

 
 
pharoah88
    20-Apr-2010 09:48  
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Tuesday: 20 APRIL 2010  9:44AM

8,334,000   S$0.475  -S$0.030

lowest  S$0.465
 

 
stockprospectus
    20-Apr-2010 00:29  
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A thumb of rule in Stock Market... Trend is your best friend until it bends. Boomz

http://stockprospectus.blogspot.com/2010/04/prospectus-pick_19.html
 
 
178investors
    19-Apr-2010 15:18  
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really, the voting is only a formality. if all the directors think its good for their pockets, then it's done since they control about 85% of  company.

actually, BT seems to be a company  more like an asset trader, meaning they buy businesses more for investments. So when an interested party wants to buy a piece of their businesses for a rich premium, they cash in the profits. A good time to let go? Offer is at 3 times book value.



wishbone      ( Date: 19-Apr-2010 10:49) Posted:

Is the selling of its PPL a done deal ?? Is PPL too good to let go for predicted long profitability?? There are three possibilities!!

1. BT rejects the offer (most likely not)
2. Accept the offer.
3. Offer from another company/companies (Cosco, Sembmarine, for example)




178investors      ( Date: 18-Apr-2010 23:29) Posted:



The sales of PPLHoldings certainly positive for BT shareholders. However, has to careful some of the projected numbers out there.

While we alll loves to tout the merits of a sales, especially if one is vested, we also must look at what headwinds  could be around the corners. One pertinent headwind, an immediate one, is the outstanding warrants that can be converted in ordinary shares.

Some facts of the outstanding warrants are listed as follow:

Quantity of warrants outstanding : approx 328,000,000

Convertion ratio: 1 warrant can be converted to 1 ordinary share

Exercise price : 32cents

Since the latest market share price of BT is now more than 30% higher than the exercise price of the warrants, many warrant holders may want to convert to ordinary shares now to gain the extra dividends (FY2009 and future dividends from the sales of PPL Holdings).

The on-mass conversion would lead to a total increase of about 50% in the total share issues of BT. Post conversion if fully converted would approx 967,000,000 outstanding shares.

A quick calculation based on the new 967,000,000 shares yield a profit per share of about SGD0.21 from the sales. Assumption is that BT book USD150million profit for the sales and USD/SGD conversion rate of 1.37

I think BT shareholders can hope for a 12cents special dividend next year. Is BTstill worth punting tomorrow? I dont know really.


 
 
louis_leecs
    19-Apr-2010 15:01  
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no point fighting here,,,,,,bb is here release,,,,,,,,,,,stay outbound wait best price than go in,,,,,,save the maney first,,,,,,,,,sure got chance one,,,,,,,,,,,
 
 
178investors
    19-Apr-2010 14:58  
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i think the free floating shares for this counter is less than 15% .

major shareholders (mainly the directors) hold the rest.



AnthonyTan      ( Date: 19-Apr-2010 12:30) Posted:



CFD - This burger can go long oni.

Unable to short, why??????

 

 
178investors
    19-Apr-2010 14:53  
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i think that one maturing in Nov2012... sorry late reply as i dont stay online often.



pharoah88      ( Date: 19-Apr-2010 10:55) Posted:

Exercise PRiCE S$0.320

There are two warrants.

WHiCH  One ?



178investors      ( Date: 18-Apr-2010 23:29) Posted:



The sales of PPLHoldings certainly positive for BT shareholders. However, has to careful some of the projected numbers out there.

While we alll loves to tout the merits of a sales, especially if one is vested, we also must look at what headwinds  could be around the corners. One pertinent headwind, an immediate one, is the outstanding warrants that can be converted in ordinary shares.

Some facts of the outstanding warrants are listed as follow:

Quantity of warrants outstanding : approx 328,000,000

Convertion ratio: 1 warrant can be converted to 1 ordinary share

Exercise price : 32cents

Since the latest market share price of BT is now more than 30% higher than the exercise price of the warrants, many warrant holders may want to convert to ordinary shares now to gain the extra dividends (FY2009 and future dividends from the sales of PPL Holdings).

The on-mass conversion would lead to a total increase of about 50% in the total share issues of BT. Post conversion if fully converted would approx 967,000,000 outstanding shares.

A quick calculation based on the new 967,000,000 shares yield a profit per share of about SGD0.21 from the sales. Assumption is that BT book USD150million profit for the sales and USD/SGD conversion rate of 1.37

I think BT shareholders can hope for a 12cents special dividend next year. Is BTstill worth punting tomorrow? I dont know really.


 
 
AnthonyTan
    19-Apr-2010 12:30  
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CFD - This burger can go long oni.

Unable to short, why??????
 
 
pharoah88
    19-Apr-2010 10:55  
Contact    Quote!

Exercise PRiCE S$0.320

There are two warrants.

WHiCH  One ?



178investors      ( Date: 18-Apr-2010 23:29) Posted:



The sales of PPLHoldings certainly positive for BT shareholders. However, has to careful some of the projected numbers out there.

While we alll loves to tout the merits of a sales, especially if one is vested, we also must look at what headwinds  could be around the corners. One pertinent headwind, an immediate one, is the outstanding warrants that can be converted in ordinary shares.

Some facts of the outstanding warrants are listed as follow:

Quantity of warrants outstanding : approx 328,000,000

Convertion ratio: 1 warrant can be converted to 1 ordinary share

Exercise price : 32cents

Since the latest market share price of BT is now more than 30% higher than the exercise price of the warrants, many warrant holders may want to convert to ordinary shares now to gain the extra dividends (FY2009 and future dividends from the sales of PPL Holdings).

The on-mass conversion would lead to a total increase of about 50% in the total share issues of BT. Post conversion if fully converted would approx 967,000,000 outstanding shares.

A quick calculation based on the new 967,000,000 shares yield a profit per share of about SGD0.21 from the sales. Assumption is that BT book USD150million profit for the sales and USD/SGD conversion rate of 1.37

I think BT shareholders can hope for a 12cents special dividend next year. Is BTstill worth punting tomorrow? I dont know really.

 
 
wishbone
    19-Apr-2010 10:49  
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Is the selling of its PPL a done deal ?? Is PPL too good to let go for predicted long profitability?? There are three possibilities!!

1. BT rejects the offer (most likely not)
2. Accept the offer.
3. Offer from another company/companies (Cosco, Sembmarine, for example)




178investors      ( Date: 18-Apr-2010 23:29) Posted:



The sales of PPLHoldings certainly positive for BT shareholders. However, has to careful some of the projected numbers out there.

While we alll loves to tout the merits of a sales, especially if one is vested, we also must look at what headwinds  could be around the corners. One pertinent headwind, an immediate one, is the outstanding warrants that can be converted in ordinary shares.

Some facts of the outstanding warrants are listed as follow:

Quantity of warrants outstanding : approx 328,000,000

Convertion ratio: 1 warrant can be converted to 1 ordinary share

Exercise price : 32cents

Since the latest market share price of BT is now more than 30% higher than the exercise price of the warrants, many warrant holders may want to convert to ordinary shares now to gain the extra dividends (FY2009 and future dividends from the sales of PPL Holdings).

The on-mass conversion would lead to a total increase of about 50% in the total share issues of BT. Post conversion if fully converted would approx 967,000,000 outstanding shares.

A quick calculation based on the new 967,000,000 shares yield a profit per share of about SGD0.21 from the sales. Assumption is that BT book USD150million profit for the sales and USD/SGD conversion rate of 1.37

I think BT shareholders can hope for a 12cents special dividend next year. Is BTstill worth punting tomorrow? I dont know really.

 
 
178investors
    18-Apr-2010 23:29  
Contact    Quote!


The sales of PPLHoldings certainly positive for BT shareholders. However, has to careful some of the projected numbers out there.

While we alll loves to tout the merits of a sales, especially if one is vested, we also must look at what headwinds  could be around the corners. One pertinent headwind, an immediate one, is the outstanding warrants that can be converted in ordinary shares.

Some facts of the outstanding warrants are listed as follow:

Quantity of warrants outstanding : approx 328,000,000

Convertion ratio: 1 warrant can be converted to 1 ordinary share

Exercise price : 32cents

Since the latest market share price of BT is now more than 30% higher than the exercise price of the warrants, many warrant holders may want to convert to ordinary shares now to gain the extra dividends (FY2009 and future dividends from the sales of PPL Holdings).

The on-mass conversion would lead to a total increase of about 50% in the total share issues of BT. Post conversion if fully converted would approx 967,000,000 outstanding shares.

A quick calculation based on the new 967,000,000 shares yield a profit per share of about SGD0.21 from the sales. Assumption is that BT book USD150million profit for the sales and USD/SGD conversion rate of 1.37

I think BT shareholders can hope for a 12cents special dividend next year. Is BTstill worth punting tomorrow? I dont know really.
 

 
grandmaster89
    18-Apr-2010 22:39  
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Definitely. It should record a net profit of US$150 million or US$0.23/share from the sale.

iwonder      ( Date: 18-Apr-2010 21:58) Posted:

Any chance that Baker Tech will gap up on Monday?

 



grandmaster89      ( Date: 18-Apr-2010 15:32) Posted:

Baker Tech shareholders are the real winners. Their 15% stake is only recorded to be worth S$5 million in its balance sheet and their total assets size is only S$130 million. Now they are selling their $5 million stake for US$155 million which is much larger than its asset size !!!

Mind you, PPL is part of its investment division. Their core business is still intact.


 
 
iwonder
    18-Apr-2010 21:58  
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Any chance that Baker Tech will gap up on Monday?

 



grandmaster89      ( Date: 18-Apr-2010 15:32) Posted:

Baker Tech shareholders are the real winners. Their 15% stake is only recorded to be worth S$5 million in its balance sheet and their total assets size is only S$130 million. Now they are selling their $5 million stake for US$155 million which is much larger than its asset size !!!

Mind you, PPL is part of its investment division. Their core business is still intact.

 
 
grandmaster89
    18-Apr-2010 15:32  
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Baker Tech shareholders are the real winners. Their 15% stake is only recorded to be worth S$5 million in its balance sheet and their total assets size is only S$130 million. Now they are selling their $5 million stake for US$155 million which is much larger than its asset size !!!

Mind you, PPL is part of its investment division. Their core business is still intact.
 
 
wishbone
    18-Apr-2010 15:32  
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Buy on Rumour Sell on News. U decide??????

Probably the price has already factored in before Trading Halt.
 
 
pharoah88
    18-Apr-2010 15:01  
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BakerTech Symbol:
568
Currency:
Singapore Dollar
Last: 0.435 + 0.05 Vol (K): 26082.0
Corporate Action - Cum Dividend
Trading
Updated Time 16-Apr 16:42
Open 0.39 High 0.44 Low 0.39
Prev Close 0.385 Buy - Sell -
Volume(K) 26082.0 Buy Vol(K) - Sell Vol(K) -
52 Wk High 0.435 52 Wk Low 0.135 52 Wk Avg Vol 4798.597
All Time High 6.3 All Time Low 0.02    
Comments No Info

*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 93.19 Williams %R -4.35
Comments (RSI) Overbought Comments (W%R) Overbought
 
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