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Short Term Profit
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hschsc
Veteran |
26-Jul-2019 20:24
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THE general offer to privatise mainboard-listed Raffles United is " not fair and not reasonable" , the independent financial adviser (IFA) for the company&rsquo s independent directors said on Friday. But Raffles United is slated to be delisted its free float has already fallen below 10 per cent. In a circular published on Friday, IFA Asian Corporate Advisors advised minority shareholders to reject Ms Teo&rsquo s S$0.065 per share cash offer. The financial terms of the offer are not fair, the IFA said: &ldquo The offer price is at a steep discount of approximately 71.9 per cent from the group&rsquo s adjusted RNAV (revalued net asset value) and/or RNTA (revalued net tangible asset value) per share.&rdquo Furthermore, the offer values Raffles United at only 0.3 times NAV, lower than the median of 1.0 times NAV for Singapore stocks that were successfully privatised by way of a general offer since 2017. https://www.businesstimes.com.sg/companies-markets/offer-for-raffles-united-not-fair-and-not-reasonable-ifa |
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hschsc
Veteran |
22-Mar-2019 20:09
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Who would like to subscribe the right at 0.05 same as market price.after right. issue it will bevome 0.025 or .... . | ||
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hschsc
Veteran |
14-Jan-2019 21:32
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In year 2017 and 2018 ,The company enable to make the profit over one million?? but the share price keep droping untill below 10C. Company becomes under SGX Watch list. The company do not declared any dividend for this 2 years. Now still want to issue rights to collect many from sharehoder? And forget CFO, certain directors of Raffles United Holdings interviewed by CAD.
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laksaman57
Supreme |
10-Jan-2019 09:11
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https://www.theedgesingapore.com/raffles-united-proposes-12-mil-rights-issue-another-shareholder-called-cad | ||
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Lowienator
Member |
30-May-2018 15:14
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Yeap, saw this about the investigation. But seems like the investigations isnt making much progress and doesn&rsquo t really have much effect on the price since the start of the announcement. It it has been steady since. The recent announcement of the investigation updates from their investors relations are still showing cooperation and doesn&rsquo t seem to be making any effect. Hmmmm |
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hschsc
Veteran |
30-May-2018 15:03
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RAFFLES UNITED HOLDINGS LTD
(Company Registration No.: 197302030N)
(Incorporated in the Republic of Singapore)
INVESTIGATIONS BY THE COMMERCIAL AFFAIRS DEPARTMENT
The Board of Directors of Raffles United Holdings Ltd (the &ldquo Company&rdquo , together with its subsidiaries,
the &ldquo Group&rdquo ) refers to the announcement dated 4 May 2018, 8 May 2018 and 11 May 2018
in relationto,inter alia, the investigations by the Commercial Affairs Department (&ldquo CAD&rdquo ) (the &ldquo Prior
Announcements&rdquo ).
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Lowienator
Member |
30-May-2018 12:25
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Anyone monitoring this stock recently? Stable profits and income statement for the past year. Seems like market adjustment causing the flactuation of the price. Based on on my technical chartings so far using MACD and Fibonacci, seems like it is starting of a uptrend coming. Intending to buy at 0.109 and sell maybe around 0.15 if possible. Any feedback? |
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