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I think these treasury shares were acquired thru " share buy back" in the open market at a much lower price per share. How would the net gain treated in its P & L ?
Thakral raises $4.26 mil via sale of treasury shares at $1.80 each to ICH Synergrowth Fund and Lion Global Investors
Thakral (SGX:AWI) has raised $4.26 million through the sale of 2,367,500 treasury shares at a price of $1.80, which represents a 1.89% shareholding in the company.
ICH Synergrowth Fund has acquired 1,267,500 shares while the remaining 1.1 million shares were acquired by Lion Global Investors.
Thakral explains that this latest transaction will enhance its free float and broaden its shareholder base, to include institutional investors as well.
The proceeds raised will be used for working capital purposes, which includes advancing its growth initiatives in the lifestyle and investment segments.
&ldquo With the support of long-term institutional investors, we are well-positioned to execute our growth strategy and continue unlocking value for our shareholders,&rdquo says Thakral&rsquo s CEO and executive director Inderbethal Singh Thakral.
SAC Capital Private Limited is acting as introducer for this transaction.
Thakral&rsquo s profit triples to S$19.5 million on divestment of Osaka property
The group posts a 700% jump in its nine-month profit to S$128.8 million
[SINGAPORE] Investment and lifestyle group Thakral Corporation&rsquo s net profit more than tripled to S$19.5 million for the third quarter ended Sep 30, up from about S$4.1 million in the previous corresponding period.
This was in part due to the divestment of its Yotsubashi Nakano Building in Osaka, Japan, said the group in a regulatory filing on Thursday (Nov 6). Thakral also attributed its performance to its status as the exclusive distributor of DJI drones and its accessories in seven countries in South Asia, including India.
The mainboard-listed group said the sale of the Osaka property was executed at 13.7 per cent above book value, which generated a net attributable gain of S$2.0 million and cash proceeds of S$6.4 million. This in turn sent the share of profits from the group&rsquo s associates up by 126 per cent to S$10 million for Q3.
For the nine months ended Sep 30, Thakral&rsquo s profit soared more than 700 per cent to S$128.8 million, from S$14.9 million a year earlier.
Revenue for Q3 rose 52 per cent to about S$115.9 million, while operating profit surged by 485 per cent to S$21.2 million. For comparison, its 9M revenue grew 35 per cent to S$276.4 million, and its operating profit rose 169 per cent to S$28.4 million.
Thakral attributed its revenue growth to its lifestyle segment, which rose 33 per cent year on year in Q3 to S$97.7 million on the back of robust demand in South Asia and Greater China. For the nine months, revenue was up 28 per cent to S$254.4 million.
The group has expanded its brand portfolio with the addition of Miu Miu Fragrances and Yuesai skin-care products to strengthen its premium beauty and fragrance category.
It also noted that its distributorship status for DJI continued to gain traction.
Thakral said it would set up between 20 and 30 DJI stores in India and other South Asian countries in the next to two to three years, including flagship stores in major cities from Q1 next year.
The diversified group added that its Nespresso operations in India continue to scale through its New Delhi retail boutique, e-commerce platform and Amazon store.
Thakral said it is also building partnerships with renowned hospitality brands such as Conrad, Fairmont and JW Marriott in India.
Revenue from its investment segment rose in Q3, mainly due to a S$22.6 million fair-value gain on GemLife securities, as the listed company&rsquo s share price rose on the Australian exchange.
Thakral holds a 16.8 per cent stake in GemLife, one of Australia&rsquo s largest privately owned land lease developer, owner and operator, with nearly 10,000 homes in more than 30 communities.
Thakral&rsquo s group chief executive and executive director, Inderbethal Singh Thakral, said the group&rsquo s strong quarterly results underscore the continued momentum across both its lifestyle and investment segments.
&ldquo The lifestyle business remains a key growth engine, supported by sustained demand for premium beauty and fragrance products in Greater China, and the growing adoption of DJI&rsquo s expanded range across South Asia,&rdquo he said.
Called out the 6% cash and got a 6% move :)
Receiving up to 11 cents a share in cash from the IPO. that is almost 7%.
Buyback or special dividend?
https://www.businesstimes.com.sg/companies-markets/Thakral-could-get-up-to-81-million-pounds-in-proceeds-from-sale-of-stake-in-UK-company
Buyback or special dividend?
https://www.businesstimes.com.sg/companies-markets/Thakral-could-get-up-to-81-million-pounds-in-proceeds-from-sale-of-stake-in-UK-company
Seems like Thakral is quite good in investing pre-IPO companies...... 👍
Market will ultimately react on all the achievements.
Market will ultimately react on all the achievements.
Whitelotus33 ( Date: 25-Sep-2025 09:35) Posted:
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Thakral fair value gain in the Beauty Tech Group up to S$ 29 million after IPO or > 10% of market cap.
Little reaction in share price. Press release coming in October...
https://www.reuters.com/business/retail-consumer/beauty-tech-group-seeks-up-432-million-market-value-parents-london-ipo-2025-09-24/
Little reaction in share price. Press release coming in October...
https://www.reuters.com/business/retail-consumer/beauty-tech-group-seeks-up-432-million-market-value-parents-london-ipo-2025-09-24/
more g o o d trade winds..
General Announcement::The Beauty Tech Group - Intention to Publish Registration Document & Float on the LSE
https://links.sgx.com/1.0.0/corporate-announcements/4G44K7QTT0SGND21/29e0a470a57fef81f83c69b44aeeb10d9dc130e4927122b263700534e94325fa
General Announcement::The Beauty Tech Group - Intention to Publish Registration Document & Float on the LSE
https://links.sgx.com/1.0.0/corporate-announcements/4G44K7QTT0SGND21/29e0a470a57fef81f83c69b44aeeb10d9dc130e4927122b263700534e94325fa
moneynoenough ( Date: 03-May-2022 18:16) Posted:
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https://links.sgx.com/FileOpen/ThakralCorp_1H2025_CorpPreso_20250902.ashx?App=Announcement&FileID=858050
New presentation from management.
New presentation from management.
Gemlife now looking to hit 5. :)
Gemlife at ATH today. Buybacks have paused for now so yesterday?s move was new buyers responding to the analyst upgrade.
Surprised this one is not getting any attention. They are buying back stock in the 1.40 range. This should be at least 1.60 now and climbing to 2.00.
no wind no waves, prx above all ma. slow double boil soup..?
https://links.sgx.com/1.0.0/corporate-announcements/AJKOSLSDS016825D/715645_ThakralCorp_Clarification_Annmt_GemLife_AFR_20220503.pdf
https://links.sgx.com/1.0.0/corporate-announcements/AJKOSLSDS016825D/715645_ThakralCorp_Clarification_Annmt_GemLife_AFR_20220503.pdf
Results will be out on 6 Aug 2020.
Thakral Corporation
THAKRAL Corporation will not be declaring and paying a dividend by June 2020, so as to conserve cash amid the ongoing coronavirus pandemic.
Thakral' s current dividend policy is to declare and pay two dividends in any financial year, one by June and the other by December.
It said that rewarding shareholders by way of dividends remains a " top priority" of the board, but it depends on the group' s performance for the remaining months of the year, as well as the working capital position.
Thakral acquires 4.5 hectares of land in New South Wales for resort
MON, APR 06, 2020 - 10:29 PMMAINBOARD-LISTED Thakral Corporation has acquired 4.5 hectares of prime land in Australia' s New South Wales through its GemLife joint venture. The land will be developed into a lifestyle resort for over-50s, expanding GemLife&rsquo s portfolio to eight resorts.
GemLife has committed about A$6 million (S$5.23 million) to the resort, named GemLife Tweed Waters, which will comprise 97 homes upon completion. This will bring the total number of residences in the pipeline in the company&rsquo s portfolio to over 1,900.
Thakral&rsquo s group chief executive and executive director, Inderbethal Singh Thakral, said: " This is another strategic acquisition for our investment division, which will strengthen our presence in the high-growth retirement-resorts industry, and grow our portfolio of key gateway sites in Australia."
Civil works and construction are expected to commence in Q4 2020, with the first homes ready to move into by Q3 2021.
GemLife&rsquo s chief executive and director, Adrian Puljich, said GemLife Tweed Waters is expected to be one of GemLife&rsquo s fastest-selling resorts.
" The resort design will take advantage of natural features of the coastal location to capitalise on activities such as fishing, boating and water sports, creating a very special and exclusive enclave for residents," he added.
Shares in Thakral last traded at 43.5 Singapore cents on Friday.
https://www.businesstimes.com.sg/companies-markets/oxley-sells-73-of-singapore-projects-to-recognise-s24b-in-revenue
Today price up 2.5 cents.
Yesterday announced to pay interim dividend 2 cents in November 2019.
August already paid 2 cents interim dividend.
Yesterday announced to pay interim dividend 2 cents in November 2019.
August already paid 2 cents interim dividend.
bishalnb ( Date: 17-Jul-2019 17:52) Posted:
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what' s happening to Thakral
The Mr Singhs are really proactive businessmen. Have been able to transform the coy over the yrs when business environments change. Which is what I can' t say of HL Asia, sadly .....
Secret_Squirrel ( Date: 19-Nov-2018 17:03) Posted:
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