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MarcoPolo Marine
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Marco Polo - IPO
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Shifu8888
Supreme |
02-Feb-2018 20:16
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UOB disposed the shares at 0.035. If Temasek bought, it will be interesting. Let?s watch. | ||||
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ahhuat08
Elite |
02-Feb-2018 18:28
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Correction : should have been 42.5% instead of 47.5%.
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ahhuat08
Elite |
02-Feb-2018 18:27
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True, altogether the total issued share cap for Marco polo post restructuring is abt 3.44 Billion shares, and i did a calculaton, the reported sshs hold only 57.5%, the rest of 47.5% have been placed out to individuals. That might be the reason of the huge selling today.   |
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Shifu8888
Supreme |
02-Feb-2018 18:22
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Cos there are some roaches who will also be part of the subscribers and ride the tide with them. These riders had subscribed at less than 5% and dump. Impt is those big names don?t dump and company perform in due course and macro is favourable.
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ahhuat08
Elite |
02-Feb-2018 18:17
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Now then i know Super group is in this. | ||||
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ahhuat08
Elite |
02-Feb-2018 18:16
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Apricot emerges as largest Marco Polo shareholder with $15.2m equity injection Super Group&rsquo s Teo family-backed private investment firm Apricot Capital is injecting $15.2 million (SG$20 million) in equity into Marco Polo Marine as part of the restructuring financing by about nine investors to rescue the troubled marine logistic group. Headed by Managing Partner Darrent Teo, an heir of the Teo family, Apricot Capital is emerging as the largest shareholder in Marco Polo Marine owning 19.28 per cent deemed and direct interest in the latter after a long restructuring exercise, according to a report from BT on Friday. Marco Polo&rsquo s debt reduced to $9.14 million (S$12 million) when compared to $196.5 million (S$258 million) before it started the debt restructuring plan. Teo, according the report, has said that the family is trying to uncover gems in the oil and gas (O& G) sector, which he described as &ldquo having been well-loved before but now unloved&rdquo . Among other nine investors are Azure All Start Fund, Chua Chuan Leong Ventures, Lim Chap Huat, Singapore Enterprises, Yanlord Capital, Penguin International, Ho Lee Group and Eric Low. According to a report on Thursday, Temasek Holdings was reportedly considering the acquisition of equity stakes in Marco Polo Marine and Ezion Holdings through its unit Heliconia Capital Management. Read more at: https://www.dealstreetasia.com/stories/sg-digest-osim-founder-backed-r3-asset-management-raise-sg50m-apricot-emerges-largest-marco-polo-shareholder-sg20m-equity-injection-91688/ |
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MichaelSchenker
Master |
02-Feb-2018 18:10
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Only if it exceeds a certain amount, cannot remember the figure. Similarly, for those IPOs, which minority shareholders would sell below the price they successfully subscribed? Also, most individuals will not be allotted much. But sometimes price would just go underwater. Why?
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Shifu8888
Supreme |
02-Feb-2018 17:51
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Just have a look out to see if these substantial shareholders sold in the market. They have to announce anyway. Important now is whether Temasek buys over the UOB stake. No point worrying. This stock is worth watching and should serve as an impetus for other suspended o and g counters.
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ahhuat08
Elite |
02-Feb-2018 17:14
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Mother shares have been issued and paid for , pls refer to sgx announcement.   |
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churnw
Elite |
02-Feb-2018 16:56
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Is the main share issue out ...they only issue warrant only .
Anyone can advise. |
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MichaelSchenker
Master |
02-Feb-2018 16:34
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Of course there are things that cannot be discussed in an open forum. There are quite a few ways to circumvent the rules with little risks. And rules are never bullet-proof
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serious
Master |
02-Feb-2018 16:24
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But they cant sell now bacause they have locked in periods .
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FrancisLim
Elite |
02-Feb-2018 16:15
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Creditors at 3.5 cents.  The strategic investors at 2.8 cents
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tonylim70
Veteran |
02-Feb-2018 15:45
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Small investors (and innocent investors) are going to hold the babies for the creditors. creditors issued shares at 0.028, of course they will offload at 0.05+ , is almost double, let the small investors hold the babies for them. Of course there will be ppl shouting " buy buy" , " huat huat" , " chiong to 10 cents" etc.. to lure in innocent investors..  
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FrancisLim
Elite |
02-Feb-2018 15:25
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Need to push the price up, and creditors unload, 
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FATABA
Supreme |
02-Feb-2018 14:27
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Agreed w you ...investment shares are at 0.028 ( even now at 0.05...they can earn a lot ) Even the free warrants for current shareholders 8:10 are at 0.035 So this counter is getting v dilute ...and certainly not surprise when unload happen when it is chased up Not forgeting ..is MP Marine getting back to good business yet ? DYODD
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commando
Master |
02-Feb-2018 14:22
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Better dun touch....new shareholders | ||||
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serious
Master |
02-Feb-2018 14:14
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New shareholders should be selling at this level becasue their costs is 0.028 only . | ||||
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ahhuat08
Elite |
02-Feb-2018 14:12
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UOB paid for 3.5 cts | ||||
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Senior8
Member |
02-Feb-2018 14:04
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Bingo! This is what I was thinking.  They issued super cheap to investors and the market is making these so called investors very happy.  Those who chased  price to the max this morning should learn a expensive lesson. Take care.
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