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GP Batteries: Request for Suspension
The percentage of the total number of issued shares (excluding treasury shares) of GP Batteries International Limited (the " Company" ) held in public hands has fallen below 10%. Please refer to the Company' s announcement (reference number SG171101TENDS3NS) dated 1 November 2017 on the " Loss of Public Float" .As the voluntary conditional offer has closed at 5.30 p.m. on 17 November 2017, the Company has accordingly requested the Singapore Exchange Securities Trading Limited to suspend the trading of the Company' s shares with effect from 9.00 a.m. on 20 November 2017.
GP Industries Limited Offer Price: S$1.30 per share
Even though I think there is much potential in this stock given booming Internet of Things and many of which need customised minature rechargeable batteries, compulsory acquisition has been triggered. At least the offer price was more than 100% of the $0.486 rights issue price in 2013. Now the question is, where else to put this money?
Observers ( Date: 01-Nov-2017 09:22) Posted:
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Turn unconditional today. Looks like majority are happy to exit at $1.30. Loss of public float, going to be suspended soon I guess.
Sold GP all the way it was 98cts to $1.02 b4 it stagnant at 80cts but now 10lots only..fyi Kirana
Bought quite a lot when it was 60cts after rights issue thingy..i like this counter becoz during ipo i sold usd $4.20.. then i keep track of this counter...i am collecting Talkmed now..fyi
kirana ( Date: 13-Aug-2017 20:07) Posted:
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Hotelgrand! U also involved in batteries? I got this once only and let go for about 50 cts gain. Probably lucky only.
Congrats, you made a good haul from patience and observation.
hotelgrand ( Date: 11-Aug-2017 16:52) Posted:
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The offer is subject to precondition, meaning there' s a chance it' ll fall apart.
I' d advise you to let go now, seeing how the current price is already fairly close to the $1.30 offer.
Considering you bought them at 80cents, you' re getting ard a 50% profit even if you sell at $1.20.
I' d advise you to let go now, seeing how the current price is already fairly close to the $1.30 offer.
Considering you bought them at 80cents, you' re getting ard a 50% profit even if you sell at $1.20.
hotelgrand ( Date: 11-Aug-2017 16:23) Posted:
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GP Bat taken over at $1.30 by parent G.P Ind..Huat to all! Have 10 lots at 80cts so better to sell to offeror no need pay brokerage..right? Is it comfirmed or can this offer be abandoned half way? Advise pls
Observers ( Date: 11-Aug-2017 08:54) Posted:
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Industries lifted halt already, how come battries still halted?
Finally they offer take over of GP batteries.
Any news why jump to 90cts?
After so many buybacks by CEO Victor and now company exercised share buy backs yet GP Bat can' t cross $1.00 convincingly.AGM next thur 30 July any questions to ask?
I am just waiting for Warren Buffett to launch a take over for this battery after Duracell.
this counter GP batteries is like very very very very very very small samsung !
why? because look around you... you see samsung almost everywhere right ! you also see GP batteries almost everywhere also right !
if the company earns money, the money is like funny money... what will the company do?
probably buy back more shares, or buy more gold or something that will increase value....
i really have the urge to give buy call but you know lah batteries.. they are heavy and need to ship across the world...
and shipping fees sometimes can be quite expensive... but looks good now shipping fees... so there maybe more monies in the pocket for the company.
and sometimes GP batteries ahead but the competition like duracell, sony, energizer, they are not made of plastic...
so it' s like still postive more than negative.. this is not a buy call... DYODD. buy a bit lah.. put there inside your pocket can go snacking sometimes during AGM also..
Buy back again by co instead of by CEO Victor
hotelgrand ( Date: 15-Jun-2015 23:06) Posted:
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136300 GP Bat bought back its own shares as at 15June 2015
Turnaround back into the black .NTA about S$1,60 2,5cts tax exempt dividends proposed for FYE 31March 2015
Group income statement for the fourth quarter (&ldquo Q4&rdquo ) and full year (" YTD" ) ended 31 March 2015. These figures have not been audited. Q4 Q4 YTD YTD ended ended ended ended 31 Mar 2015 31 Mar 2014 Change 31 Mar 2015 31 Mar 2014 Change S$' 000 S$' 000 % S$' 000 S$' 000 % Revenue 170,339 165,476 2.9 719,335 695,407 3.4 Cost of sales (129,321) (128,405) 0.7 (552,963) (539,175) 2.6 Gross profit 41,018 37,071 10.6 166,372 156,232 6.5 Other operating income & expenses (1,223) (27,551) (95.6) 14,721 (51,809) n/m Distribution expenses (15,600) (13,543) 15.2 (57,961) (51,027) 13.6 Administrative expenses (18,958) (18,652) 1.6 (76,832) (78,662) (2.3) Finance costs (1,339) (1,797) (25.5) (5,438) (7,362) (26.1) Profit/(Loss) before share of results of associates 3,898 (24,472) n/m 40,862 (32,628) n/m Share of results of associates 2,205 (999) n/m 741 (4,681) n/m Profit/(Loss) before income tax 6,103 (25,471) n/m 41,603 (37,309) n/m Income tax (5,856) (2,195) 166.8 (16,369) (10,648) 53.7 Profit/(Loss) after income tax 247 (27,666) n/m 25,234 (47,957) n/m Attributable to: Equity holders of the Company (2,301) (26,016) (91.2) 12,981 (51,957) n/m Non‐ controlling interests 2,548 (1,650) n/m 12,253 4,000 206.3 247 (27,666) n/m 25,234 (47,957) n/m Gross profit margin 24.1% 22.4% 23.1% 22.5% n/m denotes " not meanin
May be the former CEO in the next world ' poh ho' the coy.
hotelgrand ( Date: 10-Apr-2015 20:08) Posted:
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