Polaris
Last:0.001
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Polaris really going big time!
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any hope for Polaris?
The problem is it is too cheap.
SmallSmall ( Date: 14-Jun-2024 08:23) Posted:
Let?s see if the engine continues today.
The cheapness of stock cannot be under estimated.
And hence it?s returns :) |
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Let?s see if the engine continues today.
The cheapness of stock cannot be under estimated.
And hence it?s returns :)
Polaris is closely held. It is controlled by executive director and chairman Sugiono Wiyono Sugialam. As at March 29, he held 63.30% of the shares, as listed in its annual report. Standard Chartered Private Equity is the second largest shareholder with a stake of 23.84%.
This is the one of the few small cap company that has not done any placements and rights issue to dilute the shareholders.
can smell higher..4/5 soon
tankoksee ( Date: 13-Jun-2024 13:52) Posted:
joke siah...higher than hoe leong
SmallSmall ( Date: 13-Jun-2024 10:32) Posted:
This one also got volume today.....Small pennies play.
This one actually free float only 10%
Annual report : As at 1 April 2024, approximately 10.86% of the issued ordinary shares of the Company are held in the hands of the public (on the basis of information available to the Company). |
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joke siah...higher than hoe leongSmallSmall ( Date: 13-Jun-2024 10:32) Posted:
This one also got volume today.....Small pennies play.
This one actually free float only 10%
Annual report : As at 1 April 2024, approximately 10.86% of the issued ordinary shares of the Company are held in the hands of the public (on the basis of information available to the Company). |
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This one also got volume today.....Small pennies play.
This one actually free float only 10%
Annual report : As at 1 April 2024, approximately 10.86% of the issued ordinary shares of the Company are held in the hands of the public (on the basis of information available to the Company).
Polaris plans $398.3 million capital reduction to write off accumulated losses
The board of Polaris 5BI 0.00% has proposed to reduce its share capital by $398.3 million to reflect accumulated losses incurred from a series of impairments, allowances and operational losses.
Polaris intends to cancel the share capital equivalent to its losses, with the credit arising from the cancellation of share capital used towards writing off the accumulated losses that amounts to $398,256,000 as at Dec 31, 2023.
As at April 15, Polaris has an issued and paid-up share capital, excluding treasury shares, of $402.7 million, with a total share base of just over 17 billion ordinary shares.
The capital reduction, which would require approval from shareholders at an EGM to be called, can also help facilitate future equity-related fund-raising exercises to recapitalise its balance sheet.
what' s the outlook on this? have been waiting for it to fly.
very very very quiet here
POTENTIAL MATERIAL DILUTION OF EFFECTIVE EQUITY INTEREST IN A PRINCIPAL
SUBSIDIARY, MARQUE LUXURY AMERICA, LLC
ENTRY INTO SUBSCRIPTION AGREEMENT
The Board wishes to announce that pursuant to the Heads of Agreement (details of which are set out
in Section 2.1 of the Circular), MLA has on 22 February 2022 entered into a subscription agreement
with the Investor in relation to the Potential Injection (the ' Agreement' ), pursuant to which MLA shall
sell and issue to the Investor, and the Investor shall purchase from MLA, 608,000 Class A Units
representing 60.8% of the total issued and outstanding Units of MLA for an aggregate purchase price
of US$10,000,000, on the terms and subject to the conditions of the Agreement. Pursuant to the Heads
of Agreement, the Potential Injection is also conditional upon, amongst others, the completion of the
Internal Reorganisation (details of which are set out in Section 2.5 of the Circular).
Following the completion of the Potential Injection, it is contemplated that the Group&rsquo s effective interest
in MLA will be reduced from 51.0% to 19.99%. The Company will make the necessary announcement(s)
upon completion of the Potential Injection and the Potential Dilution.
volume inscreasing, once sellers are exhusted, its 0.005, 0.006, 0.007 .. .. 0.01 .. and fly ..
annual bull run starting soon
SmallSmall ( Date: 05-Mar-2021 09:36) Posted:
| Voted most laggard of all stock. No downside but patience also limited haha... |
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constipated
Voted most laggard of all stock. No downside but patience also limited haha...
(a)
Turnover, costs and earnings For the financial year ended 31 December 2020 (&ldquo FY2020&rdquo ), the Group recorded a turnover of S$32.91 million, representing a decrease of 39% over the turnover of the previous financial year ended 31 December 2019 (&ldquo FY2019&rdquo ) of S$54.36 million. This decrease was mainly due to lower turnover from all the operating segments as a result of a drop in customers&rsquo demand and the negative economic effects of the COVID-19 pandemic. The turnover from the distribution sales of mobile handsets and accessories decreased by 35% from S$8.36 million in FY2019 to S$5.46 million in FY2020. In addition, the turnover from consumer electronics sales decreased by 49% from S$36.55 million in FY2019 to S$18.80 million in FY2020, while the turnover from the customer service segment decreased by 3% from S$3.26 million in FY2019 to S$3.15 million in FY2020. The trading sale of lifestyle products segment saw a decrease of turnover by 10% from S$6.20 million in FY2019 to S$5.55 million in FY2020. The Group&rsquo s cost of sales decreased by 41% from S$51.39 million in FY2019 to S$30.07 million in FY2020, such decrease being in line with the decrease in the Group&rsquo s turnover from FY2019 to FY2020 as described above. Due to the lower turnover of the Group in FY2020 as described above, the Group' s gross profit decreased 4% from S$2.97 million in FY2019 to S$2.84 million in FY2020. The Group&rsquo s interest income is derived from fixed deposits placed with the bank. Interest income increased by 309% from S$0.05 million in FY2019 to S$0.23 million in FY2020 due to interest on trade receivable offset by lower fixed deposit placement. Other income increased by 610% from S$0.14 million in FY2019 to S$0.99 million in FY2020, and this was mainly due to higher government grants received offset by a decrease in rental income as two of the three investment properties were sold during FY2020.
Polaris FY2020 Results Annt.ashx (sgx.com)
after high volume yesterday still couldn' t lift up beyond 0.005 ... disappointed holders are selling every chance they get ..
but some people are buying also ... could it mean accumulation and will shoot up soon
alleyboy ( Date: 12-Jan-2021 15:25) Posted:
Still better than 0.001 lah. :)
HB8289 ( Date: 12-Jan-2021 15:21) Posted:
in Year 2014 & 2015 the price was 2 to 3 cts now is not even 1cts.
Luckily it never die and rejuvenate again |
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Still better than 0.001 lah. :)
HB8289 ( Date: 12-Jan-2021 15:21) Posted:
in Year 2014 & 2015 the price was 2 to 3 cts now is not even 1cts.
Luckily it never die and rejuvenate again |
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in Year 2014 & 2015 the price was 2 to 3 cts now is not even 1cts.
Luckily it never die and rejuvenate again
many have to work from home and study from home. World wide computer retail IT stuff is greatly in demand. buy and keep see how far can it goes.
