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Latest Forum Topics / Chasen    Last:0.186    +0.001  Post Reply
BULLISH REPORTS ON ANCHOR GOLD s EXPLORATION
Caesar
Master
28-Dec-2023 16:16     
 
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 Alert Admin 		Just saying, no malice or sarcasm meant

Caesar      ( Date: 28-Dec-2023 16:11) Posted:

Yesterday, no one bought the story. Today, every one here believes in the deal. Wah, what a total change in sentiments ... Yesterday, you were down to earth, today you are in sky nine, hahaha

Chansenghoe1971      ( Date: 28-Dec-2023 15:54) Posted:

If the deal is real, it will be 20 cents.
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Caesar
Master
28-Dec-2023 16:11     
 
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 Alert Admin 		Yesterday, no one bought the story. Today, every one here believes in the deal. Wah, what a total change in sentiments ... Yesterday, you were down to earth, today you are in sky nine, hahaha

Chansenghoe1971      ( Date: 28-Dec-2023 15:54) Posted:

If the deal is real, it will be 20 cents.
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SmallSmall
Supreme
28-Dec-2023 16:10     
 
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 Alert Admin 		Buying-n was done at $0.076.

tofudidi      ( Date: 28-Dec-2023 16:09) Posted:

Better start picking before it goes to 100.. dragon year. Fierce and fury

SmallSmall      ( Date: 28-Dec-2023 16:01) Posted:

Buying at $0.074 no takers. Next jump will be $0.07
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tofudidi
Supreme
28-Dec-2023 16:09     
 
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 Alert Admin 		Better start picking before it goes to 100.. dragon year. Fierce and fury

SmallSmall      ( Date: 28-Dec-2023 16:01) Posted:

Buying at $0.074 no takers. Next jump will be $0.076

SmallSmall      ( Date: 28-Dec-2023 15:53) Posted:

Yes. Pennies are back for Dragon Year.
BTW Chasen has a buying-in of 500,000 @ 4.00pm @ $0.07
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simpleguy123
Elite
28-Dec-2023 16:06     
 
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 Alert Admin 		Bought 20k, @0.075

Using cash, not contra. Since I sold Boustead @ 0.850, had the cash to buy DBS (yesterday before it chionged) and some free money.
So will take a small allocation. 

Chansenghoe1971      ( Date: 28-Dec-2023 15:54) Posted:

If the deal is real, it will be 20 cents.
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simpleguy123
Elite
28-Dec-2023 16:03     
 
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 Alert Admin 		So, its price is at 0.075.....why no one buy when this deal will likely be approved?
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SmallSmall
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28-Dec-2023 16:01     
 
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 Alert Admin 		Buying at $0.074 no takers. Next jump will be $0.076

SmallSmall      ( Date: 28-Dec-2023 15:53) Posted:

Yes. Pennies are back for Dragon Year.
BTW Chasen has a buying-in of 500,000 @ 4.00pm @ $0.077

tofudidi      ( Date: 28-Dec-2023 15:43) Posted:

Penny start for the year 2024? Hehehe
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Chansenghoe1971
Elite
28-Dec-2023 15:54     
 
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 Alert Admin 		If the deal is real, it will be 20 cents.
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SmallSmall
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28-Dec-2023 15:53     
 
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 Alert Admin 		Yes. Pennies are back for Dragon Year.
BTW Chasen has a buying-in of 500,000 @ 4.00pm @ $0.077

tofudidi      ( Date: 28-Dec-2023 15:43) Posted:

Penny start for the year 2024? Hehehe
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tofudidi
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28-Dec-2023 15:43     
 
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 Alert Admin 		Penny start for the year 2024? Hehehe
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Godwinlow
Elite
28-Dec-2023 15:37     
 
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 Alert Admin 		Thank you for the article 

SmallSmall      ( Date: 28-Dec-2023 15:22) Posted:

CHASEN: Eye-catching buyout is Xmas present for shareholders?

  Leong Chan Teik
 
  25 December 2023
 
 
 
This is one of the most eye-catching buyouts in a long time among Singapore-listed stocks.

A small-cap company gets an offer to buy 72% of  some  of its subsidiaries for almost  4X  the company' s recent market cap.

equipment relocateRelocating sophisticating manufacturing equipment is a core business of Chasen.

In what could be a Xmas present for shareholders, Chasen Holdings (market cap: S$18 million)  announced  after the market closed  last Friday  that  it had  accepted  an offer of  S$67,401,360  from " an international company" .

That values Chasen in its entirety at  at least  S$94 million (based on 72% of  some  -- not all -- of Chasen' s subsidiaries), or 5X its recent market cap.
 


S$&rsquo m

FY20

FY21

FY22

FY23



Net profit

-15.2

3.4

4.3

2.1



Dividend

0 

0

0

0

The stock traded in the 4-6 cent range this year while its 5-year high was around 9 cents.

The stock performance sort of reflects Chasen' s track record of dividends and earnings, which has not been scintillating (see table).




PPE12.23But where Chasen was strong in was its net asset value -- which stood at  16.8 cents  per share as at end-Sept 2023, translating into S$65 million of value.

Its property, plant and equipment on the balance sheet stood at  S$95.8 million  while an investment property was valued close to S$1 million. 

Chasen said the buyout offer it received is on a " cash-free and debt-free basis" .

That means the buyer will not assume any debt on the subsidiaries' balance sheet nor will the buyer get to keep any of the cash.

Chasen said the net amount it expected to receive will be approximately  S$59,261,760. (This is presumably after deducting professional fees and what not). 

The deal sounds pretty firm at this stage and appears to be a sequel to Chasen' s attempt, some 4 years ago, to spin-off 2 subsidiaries on the Hong Kong stock exchange.  (See:  CHASEN: Progressing towards spin-off of 2 subsidiaries)

At that time, then Non-Executive Chairman Eric Ng said:  &ldquo Right now, if you add up the value of all the subsidiaries, they far exceed the value of the parent company. So, the only thing to do is to let the subsidi­ aries go to realise the full value of the Group.&rdquo

Of course, Chasen said the recent buyout offer is " still subject to final agreements as well as the necessary approvals and clearances from all required governmental and regulatory bodies and any other third-parties and the shareholders of the Company."

Chasen added the customary (but important) caveat: " The Board wishes to emphasize that there is no certainty or assurance that any transaction will occur."

Chasen did not say, among other things:
&bull .... what the identity of the buyer is.
&bull .... which subsidiaries are covered by the deal.
&bull .... how the buyout valuation was arrived at. 
&bull .... what it will do with the cash windfall.
&bull .... what Chasen' s financial structure looks like post-completion.



Lots of questions are outstanding and until there are answers, presumably when  the above-mentioned hurdles are cleared,  the market will be sitting on edge and some speculation will drive people' s decisions to buy or sell or hold the stock.

On the use of the cash windfall, investors naturally want to know if special dividends are coming.

It' s relevant to consider that Chasen is pursuing a large investment to grow its logistics business.

In Sept this year, the company held a ground-breaking ceremony for a  new facility  -- an  integrated logistic warehouse cum corporate HQ -- in Singapore, which will cost S$78 million.

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eddyeddy
Master
28-Dec-2023 15:35     
 
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 Alert Admin 		Should be .

Chansenghoe1971      ( Date: 28-Dec-2023 15:26) Posted:

Downpayment received?
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wooncs8870
Veteran
28-Dec-2023 15:34     
 
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 Alert Admin 		Hopefully Chasen price can go higher in view of the good news reported. Let' s look forward to the higher prices in the next few days.

Chansenghoe1971      ( Date: 28-Dec-2023 15:26) Posted:

Downpayment received?
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Chansenghoe1971
Elite
28-Dec-2023 15:26     
 
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 Alert Admin 		Downpayment received?
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tofudidi
Supreme
28-Dec-2023 15:25     
 
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 Alert Admin 		Minimumly go up 100 la

SmallSmall      ( Date: 28-Dec-2023 15:22) Posted:

CHASEN: Eye-catching buyout is Xmas present for shareholders?

  Leong Chan Teik
 
  25 December 2023
 
 
 
This is one of the most eye-catching buyouts in a long time among Singapore-listed stocks.

A small-cap company gets an offer to buy 72% of  some  of its subsidiaries for almost  4X  the company' s recent market cap.

equipment relocateRelocating sophisticating manufacturing equipment is a core business of Chasen.

In what could be a Xmas present for shareholders, Chasen Holdings (market cap: S$18 million)  announced  after the market closed  last Friday  that  it had  accepted  an offer of  S$67,401,360  from " an international company" .

That values Chasen in its entirety at  at least  S$94 million (based on 72% of  some  -- not all -- of Chasen' s subsidiaries), or 5X its recent market cap.
 


S$&rsquo m

FY20

FY21

FY22

FY23



Net profit

-15.2

3.4

4.3

2.1



Dividend

0 

0

0

0

The stock traded in the 4-6 cent range this year while its 5-year high was around 9 cents.

The stock performance sort of reflects Chasen' s track record of dividends and earnings, which has not been scintillating (see table).




PPE12.23But where Chasen was strong in was its net asset value -- which stood at  16.8 cents  per share as at end-Sept 2023, translating into S$65 million of value.

Its property, plant and equipment on the balance sheet stood at  S$95.8 million  while an investment property was valued close to S$1 million. 

Chasen said the buyout offer it received is on a " cash-free and debt-free basis" .

That means the buyer will not assume any debt on the subsidiaries' balance sheet nor will the buyer get to keep any of the cash.

Chasen said the net amount it expected to receive will be approximately  S$59,261,760. (This is presumably after deducting professional fees and what not). 

The deal sounds pretty firm at this stage and appears to be a sequel to Chasen' s attempt, some 4 years ago, to spin-off 2 subsidiaries on the Hong Kong stock exchange.  (See:  CHASEN: Progressing towards spin-off of 2 subsidiaries)

At that time, then Non-Executive Chairman Eric Ng said:  &ldquo Right now, if you add up the value of all the subsidiaries, they far exceed the value of the parent company. So, the only thing to do is to let the subsidi­ aries go to realise the full value of the Group.&rdquo

Of course, Chasen said the recent buyout offer is " still subject to final agreements as well as the necessary approvals and clearances from all required governmental and regulatory bodies and any other third-parties and the shareholders of the Company."

Chasen added the customary (but important) caveat: " The Board wishes to emphasize that there is no certainty or assurance that any transaction will occur."

Chasen did not say, among other things:
&bull .... what the identity of the buyer is.
&bull .... which subsidiaries are covered by the deal.
&bull .... how the buyout valuation was arrived at. 
&bull .... what it will do with the cash windfall.
&bull .... what Chasen' s financial structure looks like post-completion.



Lots of questions are outstanding and until there are answers, presumably when  the above-mentioned hurdles are cleared,  the market will be sitting on edge and some speculation will drive people' s decisions to buy or sell or hold the stock.

On the use of the cash windfall, investors naturally want to know if special dividends are coming.

It' s relevant to consider that Chasen is pursuing a large investment to grow its logistics business.

In Sept this year, the company held a ground-breaking ceremony for a  new facility  -- an  integrated logistic warehouse cum corporate HQ -- in Singapore, which will cost S$78 million.

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SmallSmall
Supreme
28-Dec-2023 15:22     
 
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 Alert Admin

CHASEN: Eye-catching buyout is Xmas present for shareholders?

  Leong Chan Teik
 
  25 December 2023
 
 
 
This is one of the most eye-catching buyouts in a long time among Singapore-listed stocks.

A small-cap company gets an offer to buy 72% of  some  of its subsidiaries for almost  4X  the company' s recent market cap.

equipment relocateRelocating sophisticating manufacturing equipment is a core business of Chasen.

In what could be a Xmas present for shareholders, Chasen Holdings (market cap: S$18 million)  announced  after the market closed  last Friday  that  it had  accepted  an offer of  S$67,401,360  from " an international company" .

That values Chasen in its entirety at  at least  S$94 million (based on 72% of  some  -- not all -- of Chasen' s subsidiaries), or 5X its recent market cap.
 


S$&rsquo m

FY20

FY21

FY22

FY23



Net profit

-15.2

3.4

4.3

2.1



Dividend

0 

0

0

0

The stock traded in the 4-6 cent range this year while its 5-year high was around 9 cents.

The stock performance sort of reflects Chasen' s track record of dividends and earnings, which has not been scintillating (see table).




PPE12.23But where Chasen was strong in was its net asset value -- which stood at  16.8 cents  per share as at end-Sept 2023, translating into S$65 million of value.

Its property, plant and equipment on the balance sheet stood at  S$95.8 million  while an investment property was valued close to S$1 million. 

Chasen said the buyout offer it received is on a " cash-free and debt-free basis" .

That means the buyer will not assume any debt on the subsidiaries' balance sheet nor will the buyer get to keep any of the cash.

Chasen said the net amount it expected to receive will be approximately  S$59,261,760. (This is presumably after deducting professional fees and what not). 

The deal sounds pretty firm at this stage and appears to be a sequel to Chasen' s attempt, some 4 years ago, to spin-off 2 subsidiaries on the Hong Kong stock exchange.  (See:  CHASEN: Progressing towards spin-off of 2 subsidiaries)

At that time, then Non-Executive Chairman Eric Ng said:  &ldquo Right now, if you add up the value of all the subsidiaries, they far exceed the value of the parent company. So, the only thing to do is to let the subsidi­ aries go to realise the full value of the Group.&rdquo

Of course, Chasen said the recent buyout offer is " still subject to final agreements as well as the necessary approvals and clearances from all required governmental and regulatory bodies and any other third-parties and the shareholders of the Company."

Chasen added the customary (but important) caveat: " The Board wishes to emphasize that there is no certainty or assurance that any transaction will occur."

Chasen did not say, among other things:
&bull .... what the identity of the buyer is.
&bull .... which subsidiaries are covered by the deal.
&bull .... how the buyout valuation was arrived at. 
&bull .... what it will do with the cash windfall.
&bull .... what Chasen' s financial structure looks like post-completion.



Lots of questions are outstanding and until there are answers, presumably when  the above-mentioned hurdles are cleared,  the market will be sitting on edge and some speculation will drive people' s decisions to buy or sell or hold the stock.

On the use of the cash windfall, investors naturally want to know if special dividends are coming.

It' s relevant to consider that Chasen is pursuing a large investment to grow its logistics business.

In Sept this year, the company held a ground-breaking ceremony for a  new facility  -- an  integrated logistic warehouse cum corporate HQ -- in Singapore, which will cost S$78 million.
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SmallSmall
Supreme
28-Dec-2023 15:20     
 
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 Alert Admin 		Day high liao.....
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tofudidi
Supreme
28-Dec-2023 15:14     
 
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 Alert Admin 		Who is that? I only know Naruto

Chansenghoe1971      ( Date: 28-Dec-2023 15:07) Posted:

Are you Haruto?
😂

tofudidi      ( Date: 28-Dec-2023 14:45) Posted:

This gem going to 100 soon
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Chansenghoe1971
Elite
28-Dec-2023 15:07     
 
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 Alert Admin 		Are you Haruto?
😂

tofudidi      ( Date: 28-Dec-2023 14:45) Posted:

This gem going to 100 soon
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tofudidi
Supreme
28-Dec-2023 14:45     
 
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 Alert Admin 		This gem going to 100 soon
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