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Polaris really going big time!
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Demostation
Supreme |
03-Nov-2015 21:05
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Of course, small outlay aiming for big returns. If it goes to 2 cents, you get 100% profit.
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Composure
Senior |
03-Nov-2015 19:31
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holding 100 lots x 0.010 i like penny stocks :)
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woodwoodwood
Member |
03-Nov-2015 18:31
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Who is still holding? ><
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bishalnb
Master |
03-Nov-2015 15:25
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this thread is very quiet now.. 
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wxp8838
Veteran |
27-Oct-2015 14:16
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this new Indonesia' s Trikomsel Oke Bracing for Default on Singapore&rsquo s Bond Market27 October 2015 |
Indonesia-based mobile phone retailer Trikomsel Oke informed its bondholders that it is bound to fail meeting interest payment obligations on two Singapore dollar-denominated bonds due in November and December 2015. The company, which been experiencing financial turmoil due to the depreciating rupiah, will submit debt restructuring proposals to its creditors in November. The looming default will be the first default in Singapore&rsquo s local currency corporate bond market since Celestial Nutrifoods Ltd and Sino-Environment Technology Group Ltd defaulted in 2009. Trikomsel Oke' s looming default will also weaken investors' confidence in debt paper issued by other Indonesian companies. Earlier in October, American financial services company Standard & Poor' s warned that Indonesian companies' defaults are a serious threat over the next 18 months given their eroded balance sheets amid the country' s economic slowdown and weak rupiah. Meanwhile, Indonesian credit rating agency Pemeringkat Efek Indonesia (Pefindo) cut Trikomsel Oke' s corporate rating to ' BB+' (credit-watch with negative implication) from ' BBB' (stable outlook).
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bishalnb
Master |
27-Oct-2015 12:51
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SoftBank has 19.9% stake in Trikomsel, Polaris has 44.88%http://infopub.sgx.com/FileOpen/Announcement%20Trikomsel%20Pte%20Ltd.ashx?App=Announcement& FileID=374843
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wxp8838
Veteran |
27-Oct-2015 09:43
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They say nothing but shit .damn drops again POLARIS LTD. (Company Registration No.: 198404341D) (Incorporated in the Republic of Singapore) ANNOUNCEMENT BY INDONESIAN LISTED ASSOCIATED COMPANY The Board of Directors (the &ldquo Board&rdquo ) of Polaris Ltd. (the &ldquo Company&rdquo ) refers to its holding announcement made on 13 October 2015 and clarification announcement made on 23 October 2015 and wishes to inform shareholders that its associated company, PT Trikomsel Oke Tbk. (&ldquo Trikomsel&rdquo ) has today filed to the Singapore Stock Exchange informing that it has hosted informal noteholders call to discuss liquidity position, possible restructuring and intention to form informal noteholder steering committee. Attached is a copy of the announcement posted on the SGXnet. The Company will keep its shareholders updated of any further material developments regarding the above subject matter and further announcements will be issued by the Company as soon as the Company is able to provide an assessment of the financial impact of Trikomsel&rsquo debt restructuring on the Group. In the meantime, shareholders of the Company are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company. In the event of any doubt, shareholders of the Company should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers. By Order of the Board Ang Chuan Hui, Peter Executive Director & CEO Date: 26 October 2015 This announcement has been prepared by the Company and its contents have been reviewed by the Company&rsquo s Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The Company&rsquo s Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Yap Wai Ming: Tel: 6389 3000 Email: [email protected] |
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wxp8838
Veteran |
26-Oct-2015 17:59
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can not open your link so far no news from sgx ,upset.
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bishalnb
Master |
26-Oct-2015 16:13
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General Announcement::Informal Noteholders Call - TRIKOMSEL PTE. LTD.
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wxp8838
Veteran |
26-Oct-2015 10:19
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POLARIS LTD. (Company Registration No.: 198404341D) (Incorporated in the Republic of Singapore) CLARIFICATION ANNOUNCEMENT The Board of Directors (the " Board" ) of Polaris Ltd (the " Company" ) wishes to clarify the news article entitled " Corporate bond market here may face headwinds" published by the Straits Times on 17 October 2015 in relation to the Company&rsquo s 44.88%-owned Indonesian associated company, PT Trikomsel Oke Tbk. (" Trikomsel" ). An extract of the news article is as follows:- " On Thursday, PT Trikomsel Oke said that it will form a steering committee to discuss possible restructuring options with noteholders. The firm, which had two debentures denominated in the Singapore dollar among 6.2 trillion rupiah (S$634 million) of bonds and loans outstanding on June 30, cited weaker market sentiment and a falling rupiah as factors for its woes, reported Bloomberg. " While the group has substantially met its obligations as they fall due to date, it is becoming apparent that it may not be possible to do so indefinitely," Trikomsel said in a filing on the Singapore Exchange. If the company does end up restructuring its debt, it will be the first case of default in Singapore since the financial crisis, noted S& P." In connection with the above, the Company also refers to its announcement made on 13 October 2015 relating to the appointment of FTI Consulting (" FTI" ) by Trikomsel as Trikomsel&rsquo s professional adviser for a debt restructuring plan. The Company has on 23 October 2015 been notified by Trikomsel that it has posted on the SGXNet related announcements on 14 October 2015 and 15 October 2015 in respect of its debt restructuring plan and notice to Trikomsel&rsquo s noteholders. Please see announcements attached as Appendix 1 and Appendix 2 respectively for shareholders&rsquo reference. The Company understands from Trikomsel that discussions on the debt restructuring plan between Trikomsel, FTI and its noteholders are still ongoing. Various restructuring options are still being reviewed by Trikomsel together with FTI and no decision has been made at this stage. Based on preliminary information, the full extent of the financial impact on the Company as a result of the debt restructuring by Trikomsel can only be ascertained after more detailed information has been obtained from Trikomsel. The Company will continue to update the shareholders on any actual or potential impact on the Company&rsquo s business performance as soon as possible. In the meantime, shareholders of the Company are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company. In the event of any doubt, shareholders of the Company should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers. By Order of the Board Ang Chuan Hui, Peter Executive Director & CEO Date: 23 October 2015 This announcement has been prepared by the Company and its contents have been reviewed by the Company&rsquo s Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The Company&rsquo s Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Yap Wai Ming: Tel: 6389 3000 Email: [email protected] |
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wxp8838
Veteran |
23-Oct-2015 15:29
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None of thoes company such as polaris softbank or singpost update any news ,seems like it' s not a big deal for them . on Monday ,this shit will suddenly dead or fly ,only god knows ! |
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pericolly
Member |
23-Oct-2015 11:49
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damn will this go default? |
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Demostation
Supreme |
23-Oct-2015 10:30
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Relationship matters. Trikomsel and Polaris, who is father and who is son? Does father pays for a son' s debt, or vice versa? Anyone with a good understanding of these relationship, pls advise, hahaha.
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striker09
Senior |
23-Oct-2015 10:25
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www.dealstreetasia.com...fri 23/10/2015 : S & P warns of defaults after indo telecoms firm Trikomsel seeks debt restructuring. Just for info ..not vested. |
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bishalnb
Master |
23-Oct-2015 09:30
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need a push to clear 14, ... anyone 
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Demostation
Supreme |
21-Oct-2015 16:43
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As yesterday and today seem to be supported at 14, it means that the hoohaas are just noises. 14 could be the base, and maybe might look at entering tomorrow. Lo.
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woodwoodwood
Member |
21-Oct-2015 16:33
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YAWNS.... head as long as giraffe already... Please dont be like MDR, diao there for centuries already still the same -.-
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bishalnb
Master |
21-Oct-2015 16:11
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looks like this news has been digested.. what next 
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isaacsgx
Elite |
20-Oct-2015 19:53
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Aiyah, all these noteholders just want the trikomsel shares, since singpost and softbank is in alrdy. Trikomsel wont fail lah!
Stupid ck just want accumulate cheap stocks and sell high. I will not be surprised trikomsel will issue shares for noteholders at below 1c! Basturd! |
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fish70
Member |
20-Oct-2015 19:13
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Fully Agreed!! There are so many options, why use debt restructuring. I think Polaris will chiong next week once this issue is settled.
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