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Latest Forum Topics / OceanScape Intl    Last:0.007 --  Post Reply
IPO shares. E Commerce
2020st
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22-Sep-2020 16:41     
 
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 Alert Admin 		No le..

the confirmed $ we get if deal goes thru is $0.1914.
the V2Y holdings we have is $0.0886 per share

if you have 100 000  shares or 100 lots then you get back $19140.00 guaranteed.if deal go thru

and then you will not see Synagie in your CDP but changed the V2Y...
However, the holdings of share remains at 100 000 ...
if proposed capital reduction then at $0.0886 you have $8860.00 in your portfoilo then
But  the insurtech is not core biz company coz dont really make money and worth maybe 3 to 4 cents...

if  we have 100 000 shares of V2Y and first trading day the price of shares fall to 3 to 4 cents .. then you get back whats worth right now... $0.21 to $0.23 cents range

so alots of people say deal confirm go thru and buy this counter is waste time... 

but i dont want the deal to go thru le.. so i " waste my time" here a bit... as i believed its worth more than $0.1914 

if deal doesnt go thru and buyers still interested in having the profitable e-commerce biz fast, the only way is to buy out the shares ifrom public or privatised completed like SK jewellery.

So definitely worth more than $0.21
 

redbull888      ( Date: 22-Sep-2020 16:16) Posted:

so its higher then the buy price now?

but if this is the case.....sure many buyer??

im new to this....

2020st      ( Date: 22-Sep-2020 15:55) Posted:

Hmm.. 

if the deal goes thru, what i read is

$0.1914 per share we get
the holdings V2Y capital reduction to $0.0886 with no shares change

so total is $0.28 just like IPO prices..

In all if deal goes thru, we get $0.28 in theory, right?

i hope deal not go thru, owner should grow the company mah...
https://www.businesstimes.com.sg/companies-markets/synagie-should-grow-not-sell-its-e-commerce-business

or if want to privatised, we expect more not $0.1914 dispose e-commerce biz. so cheap.. everyone knows its fair value now is $0.45 at least



 
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2020st
Member
22-Sep-2020 16:39     
 
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 Alert Admin 		https://www.sgx.com/securities/equities/V2Y
Do visit SGX synagie news. 
Download the Proxy form and submits 72 hours before 28th Sep.

The proxy form must be submitted to the Company in the following manner: (a) if submitted by post, be lodged with the Company' s Share Registrar, RHT Corporate Advisory Pte. Ltd., at 30 Cecil Street, #19-08, Prudential Tower, Singapore 049712 or (b) if submitted electronically, be submitted via email to [email protected], in either case, not less than 72 hours before the time appointed for holding the EGM.

1c2e3s      ( Date: 22-Sep-2020 16:26) Posted:

guys how to vote
 

redbull888      ( Date: 22-Sep-2020 16:16) Posted:

so its higher then the buy price now?

but if this is the case.....sure many buyer??

im new to this...
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1c2e3s
Veteran
22-Sep-2020 16:26     
 
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 Alert Admin 		guys how to vote
 

redbull888      ( Date: 22-Sep-2020 16:16) Posted:

so its higher then the buy price now?

but if this is the case.....sure many buyer??

im new to this....

2020st      ( Date: 22-Sep-2020 15:55) Posted:

Hmm.. 

if the deal goes thru, what i read is

$0.1914 per share we get
the holdings V2Y capital reduction to $0.0886 with no shares change

so total is $0.28 just like IPO prices..

In all if deal goes thru, we get $0.28 in theory, right?

i hope deal not go thru, owner should grow the company mah...
https://www.businesstimes.com.sg/companies-markets/synagie-should-grow-not-sell-its-e-commerce-business

or if want to privatised, we expect more not $0.1914 dispose e-commerce biz. so cheap.. everyone knows its fair value now is $0.45 at least



 
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redbull888
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22-Sep-2020 16:16     
 
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 Alert Admin 		so its higher then the buy price now?

but if this is the case.....sure many buyer??

im new to this....

2020st      ( Date: 22-Sep-2020 15:55) Posted:

Hmm.. 

if the deal goes thru, what i read is

$0.1914 per share we get
the holdings V2Y capital reduction to $0.0886 with no shares change

so total is $0.28 just like IPO prices..

In all if deal goes thru, we get $0.28 in theory, right?

i hope deal not go thru, owner should grow the company mah...
https://www.businesstimes.com.sg/companies-markets/synagie-should-grow-not-sell-its-e-commerce-business

or if want to privatised, we expect more not $0.1914 dispose e-commerce biz. so cheap.. everyone knows its fair value now is $0.45 at least



 

idwish      ( Date: 22-Sep-2020 14:29) Posted:

Not many people talk about this AGM, not many holders here or simply not interested?
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FrancisLim
Elite
22-Sep-2020 16:13     
 
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 Alert Admin 		Refer to the latest SGX Query and the Co' s response.  There are 10 queries requiring clarifications.

This is a rush job to raid the pantry - lock, stock and barrel.

Note not much cash left behind for the insurtech biz, and co is saying it wil go for organic growth and will raise cash through share issues.

It has not indicated what additional capex requirements for the commerce biz?  Why not do placement for this growing biz and covids unfortunately is going for 2nd wave.

It seems the friendly parties have managed the share price engineering it downwards. 

Guess it is easier and to their advantage, to take the profitable ops out, and left the crumbs behind for the minority shareholders.

Vote NO.

2020st      ( Date: 22-Sep-2020 13:21) Posted:

Yes, 

this means, another 8% go to " For" votes, a rough calculation , correct me if wrong..

Abstain vote : 23%
Total valid vote: 77%
For vote: 11.4% + 7.1% +4.8% +4.8% = 28.1%

For EGM to approve sales of Ecommerce Biz, is 77% / 2%  = 38.5%
more than 38.5% of the 77% must vote For and we already have 28.1%
and that left with us about 10.4% or 3180M lots of votes  ??

Last month started 24th Aug from now collected about 30M .. bulk of it collected from the Spike from june traded about 1172M lots assuming worse case scenario, all traded shares are bought by FOR votes
Assuming its 3180M - 1172M - 30M = 2038M ok lets say 2000M for the benefit of doubt..

so the more than 2000M votes need to vote for for the EGM to go thru?
Then if they want to sell the company should privatise the whole thing remainder shares at a more fair value rather than now $0.1914 ?? and then V2Y leaves us capital reduction at $0.0886 per share?
The whole deal is only $0.28???

Can i say we got a fair chance to reject the deal??? Then the buyers have no choice but to privatise the shares in the market at a much higher price??
 



 

FrancisLim      ( Date: 18-Sep-2020 11:47) Posted:

5th August 2020 - Profit Positive Guidance:

Quote
" The board of directors (the " Board" ) of Synagie Corporation Ltd. (the " Company" , and together with its subsidiaries, the " Group" ) wishes to announce that,
following a preliminary review of the unaudited consolidated financial results of the Group for the six months ended 30 June 2020 (&ldquo 1H 2020&rdquo ),
the Group is expected to report a net profit for 1H 2020 due to:

(a) a one-off surge in demand for COVID-19 related products such as masks, sanitisers, toilet rolls and thermometers from our trade customers

and (b) increased e-commerce activity as a result of the COVID-19 situation and stay at home measures"

Unquote


Other than one off B2B set-up, the main part of the Co' s business will continue to grow in the light of Covid-19 situation and accretive growth for its 280 over customers.

Its investment merits touted as:
  • INVESTMENT MERITS
  • Fastest Growing E-commerce Start-Up In Singapore And One Of The Fastest Growing In SE Asia*
  • Asset Light, Platform Based Business Model
  • Experienced Management Team With Proven Track Record
  • End-To-End E-commerce Solutions Used By More Than 250 Brand Partners  (latest more than 280 brands)
  •  


 


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2020st
Member
22-Sep-2020 15:55     
 
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 Alert Admin 		Hmm.. 

if the deal goes thru, what i read is

$0.1914 per share we get
the holdings V2Y capital reduction to $0.0886 with no shares change

so total is $0.28 just like IPO prices..

In all if deal goes thru, we get $0.28 in theory, right?

i hope deal not go thru, owner should grow the company mah...
https://www.businesstimes.com.sg/companies-markets/synagie-should-grow-not-sell-its-e-commerce-business

or if want to privatised, we expect more not $0.1914 dispose e-commerce biz. so cheap.. everyone knows its fair value now is $0.45 at least



 

idwish      ( Date: 22-Sep-2020 14:29) Posted:

Not many people talk about this AGM, not many holders here or simply not interested?
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idwish
Senior
22-Sep-2020 14:29     
 
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 Alert Admin 		Not many people talk about this AGM, not many holders here or simply not interested?
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2020st
Member
22-Sep-2020 13:21     
 
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 Alert Admin 		Yes, 

this means, another 8% go to " For" votes, a rough calculation , correct me if wrong..

Abstain vote : 23%
Total valid vote: 77%
For vote: 11.4% + 7.1% +4.8% +4.8% = 28.1%

For EGM to approve sales of Ecommerce Biz, is 77% / 2%  = 38.5%
more than 38.5% of the 77% must vote For and we already have 28.1%
and that left with us about 10.4% or 3180M lots of votes  ??

Last month started 24th Aug from now collected about 30M .. bulk of it collected from the Spike from june traded about 1172M lots assuming worse case scenario, all traded shares are bought by FOR votes
Assuming its 3180M - 1172M - 30M = 2038M ok lets say 2000M for the benefit of doubt..

so the more than 2000M votes need to vote for for the EGM to go thru?
Then if they want to sell the company should privatise the whole thing remainder shares at a more fair value rather than now $0.1914 ?? and then V2Y leaves us capital reduction at $0.0886 per share?
The whole deal is only $0.28???

Can i say we got a fair chance to reject the deal??? Then the buyers have no choice but to privatise the shares in the market at a much higher price??
 



 

FrancisLim      ( Date: 18-Sep-2020 11:47) Posted:

5th August 2020 - Profit Positive Guidance:

Quote
" The board of directors (the " Board" ) of Synagie Corporation Ltd. (the " Company" , and together with its subsidiaries, the " Group" ) wishes to announce that,
following a preliminary review of the unaudited consolidated financial results of the Group for the six months ended 30 June 2020 (&ldquo 1H 2020&rdquo ),
the Group is expected to report a net profit for 1H 2020 due to:

(a) a one-off surge in demand for COVID-19 related products such as masks, sanitisers, toilet rolls and thermometers from our trade customers

and (b) increased e-commerce activity as a result of the COVID-19 situation and stay at home measures"

Unquote


Other than one off B2B set-up, the main part of the Co' s business will continue to grow in the light of Covid-19 situation and accretive growth for its 280 over customers.

Its investment merits touted as:
  • INVESTMENT MERITS
  • Fastest Growing E-commerce Start-Up In Singapore And One Of The Fastest Growing In SE Asia*
  • Asset Light, Platform Based Business Model
  • Experienced Management Team With Proven Track Record
  • End-To-End E-commerce Solutions Used By More Than 250 Brand Partners  (latest more than 280 brands)
  •  


 

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2020st
Member
22-Sep-2020 10:18     
 
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 Alert Admin 		U all see last year. 9/9

but this year no news for 9/9??  how much revenue it generates? Surely could be way way more..
we also have 11/11 .. dont forget hor..

 

Synagie Corp Generated Gross Merchandise Value Sales Of More Than $1.0 MLN On 9 Sept

11 Sep 2019 10:13:49 AM
Earnings Announcements
Sept 11 (Reuters) - Synagie Corporation Ltd < SYNA.SI> ::GENERATED GROSS MERCHANDISE VALUE1 (GMV) SALES OF MORE THAN $1.0 MILLION WITH Y-O-Y INCREASE OF OVER 300% ON 9 SEPT.
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2020st
Member
22-Sep-2020 10:08     
 
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 Alert Admin 		" Registration to attend the EGM The Company' s Chairman, Mr Lim Chuan Poh, will conduct the proceedings of the EGM by way of electronic means. Shareholders and Investors will be able to watch these proceedings through a " live" audio-andvideo webcast via their mobile phones, tablets or computers or listen to these proceedings through a " live" audio feed via telephone. In order to do so, Shareholders and Investors must follow these steps: (i) Shareholders and Investors (including investors who hold shares under the Supplementary Retirement Scheme (" SRS Investors" )) who wish to follow the proceedings through a &ldquo live&rdquo webcast via their mobile phones, tablets or computers or listen to the proceedings through a &ldquo live&rdquo audio feed via telephone

must pre-register at the URL http://scl.availeasemgdwebinar.com no later than 10.00 a.m. on 25 September 2020

(&ldquo Registration Cut-Off Time&rdquo ) (being 72 hours before the time fixed for the EGM). Following verification, an email containing instructions on how to access the &ldquo live&rdquo webcast and audio feed of the proceedings of the EGM will be sent to authenticated members and Investors by 26 September 2020. (ii) Shareholders and Investors who do not receive any email by 5.00 p.m. on 26 September 2020, but have registered by the Registration Cut-Off Time, should contact the Company by email at [email protected] "
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redbull888
Veteran
22-Sep-2020 09:24     
 
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 Alert Admin 		1 day super high volume.....another day so quiet....

2020st      ( Date: 21-Sep-2020 13:21) Posted:

9M wow..
now they waiting to see who panic and put the shares in sell queue of  $0.215
later before closing will take all 2M + shares cheap cheap at $0.215

It just doesnt make sense.. 12M shares bought from Seller vs 1M sold to buyer .. if someone no control, price would have already being at least fly to $0.30 easily
 
Price Trades Volume Sold to Buyer Mid Bought from Seller
0.210 6 103,000 103,000 0 0
0.215 24 1,759,000 596,600 0 1,162,400
0.220 136 10,567,800 592,500 0 9,975,300
0.225 33 1,153,200 0 0 1,153,200
TOTAL 199 13,583,000 1,292,100 0 12,290,900
 
 
Weighted Avg Price :      0.2197                                               Avg Trade Size :      68,256.281                                                                         Spread/Price Ratio :      0.0233


redbull888      ( Date: 21-Sep-2020 12:45) Posted:

9mil Q to buy?
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2020st
Member
21-Sep-2020 13:21     
 
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 Alert Admin 		9M wow..
now they waiting to see who panic and put the shares in sell queue of  $0.215
later before closing will take all 2M + shares cheap cheap at $0.215

It just doesnt make sense.. 12M shares bought from Seller vs 1M sold to buyer .. if someone no control, price would have already being at least fly to $0.30 easily
 
Price Trades Volume Sold to Buyer Mid Bought from Seller
0.210 6 103,000 103,000 0 0
0.215 24 1,759,000 596,600 0 1,162,400
0.220 136 10,567,800 592,500 0 9,975,300
0.225 33 1,153,200 0 0 1,153,200
TOTAL 199 13,583,000 1,292,100 0 12,290,900
 
 
Weighted Avg Price :      0.2197                                               Avg Trade Size :      68,256.281                                                                         Spread/Price Ratio :      0.0233


redbull888      ( Date: 21-Sep-2020 12:45) Posted:

9mil Q to buy??

2020st      ( Date: 21-Sep-2020 11:51) Posted:

Coz email must reach them 72 hours before  28th Monday ..

Finally waited so looong her
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redbull888
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21-Sep-2020 12:45     
 
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 Alert Admin 		9mil Q to buy??

2020st      ( Date: 21-Sep-2020 11:51) Posted:

Coz email must reach them 72 hours before  28th Monday ..

Finally waited so looong here

redbull888      ( Date: 21-Sep-2020 11:15) Posted:

today volume so hig
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2020st
Member
21-Sep-2020 11:51     
 
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 Alert Admin 		Coz email must reach them 72 hours before  28th Monday ..

Finally waited so looong here

redbull888      ( Date: 21-Sep-2020 11:15) Posted:

today volume so high

2020st      ( Date: 21-Sep-2020 09:43) Posted:

Hoho.. Buy in another 50K lots to gain my " No" Vote
Come come, bring price lower, i will buy more...

We must submit the vote 3 days before the EGM ok.

 


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redbull888
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21-Sep-2020 11:15     
 
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 Alert Admin 		today volume so high

2020st      ( Date: 21-Sep-2020 09:43) Posted:

Hoho.. Buy in another 50K lots to gain my " No" Vote
Come come, bring price lower, i will buy more...

We must submit the vote 3 days before the EGM ok.

 

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2020st
Member
21-Sep-2020 09:43     
 
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 Alert Admin 		Hoho.. Buy in another 50K lots to gain my " No" Vote
Come come, bring price lower, i will buy more...

We must submit the vote 3 days before the EGM ok.

 
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FrancisLim
Elite
18-Sep-2020 14:58     
 
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 Alert Admin 		1H 2020, it generates net positive cash flow of sgd7 over million.

uiop1223      ( Date: 18-Sep-2020 13:28) Posted:

I subscribe to the rights and sold off. If u subscribe to the rights of 10 cents, ur gain is very good

This company is like Grab. Promising but keep burning money... if dont accept offer, maybe few qtrs later, another rights issue... i think this offer is a good opportunity to exit.

When i long or short a company, i look at the cashflow. Revenue can cheat and inflate but not cash. But then midas.. cash gone despite audit 😹 The stock mkt is scary

Just my thoughts. No longer vested.
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uiop1223
Supreme
18-Sep-2020 13:28     
 
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 Alert Admin 		I subscribe to the rights and sold off. If u subscribe to the rights of 10 cents, ur gain is very good

This company is like Grab. Promising but keep burning money... if dont accept offer, maybe few qtrs later, another rights issue... i think this offer is a good opportunity to exit.

When i long or short a company, i look at the cashflow. Revenue can cheat and inflate but not cash. But then midas.. cash gone despite audit 😹 The stock mkt is scary

Just my thoughts. No longer vested.
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OngBak
Veteran
18-Sep-2020 12:10     
 
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 Alert Admin 		Whatever good news, estimations, profit guidance, big business, e commence, fastest growing all bullshit.
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FrancisLim
Elite
18-Sep-2020 11:47     
 
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 Alert Admin 		5th August 2020 - Profit Positive Guidance:

Quote
" The board of directors (the " Board" ) of Synagie Corporation Ltd. (the " Company" , and together with its subsidiaries, the " Group" ) wishes to announce that,
following a preliminary review of the unaudited consolidated financial results of the Group for the six months ended 30 June 2020 (&ldquo 1H 2020&rdquo ),
the Group is expected to report a net profit for 1H 2020 due to:

(a) a one-off surge in demand for COVID-19 related products such as masks, sanitisers, toilet rolls and thermometers from our trade customers

and (b) increased e-commerce activity as a result of the COVID-19 situation and stay at home measures"

Unquote


Other than one off B2B set-up, the main part of the Co' s business will continue to grow in the light of Covid-19 situation and accretive growth for its 280 over customers.

Its investment merits touted as:
  • INVESTMENT MERITS
  • Fastest Growing E-commerce Start-Up In Singapore And One Of The Fastest Growing In SE Asia*
  • Asset Light, Platform Based Business Model
  • Experienced Management Team With Proven Track Record
  • End-To-End E-commerce Solutions Used By More Than 250 Brand Partners  (latest more than 280 brands)
  •  


 
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