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1081-1100 of 1138
top volume
good decision to cut loss
ahhuat08 ( Date: 30-Jun-2022 14:19) Posted:
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bot at 68 and cut loss at 3 pips lower at 65.
MakeChanges ( Date: 30-Jun-2022 09:35) Posted:
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meaning good or bad?
tankoksee ( Date: 30-Jun-2022 10:15) Posted:
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tankoksee ( Date: 30-Jun-2022 10:15) Posted:
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designated counter...
MakeChanges ( Date: 30-Jun-2022 09:54) Posted:
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indeed a dramatic company
SmallSmall ( Date: 30-Jun-2022 09:49) Posted:
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Taking a look at this snake again. Remember OHL has exited.
Chew knows the company best. This is the first time he has bought from open market.
$ talks so must take a second look.
DYODD as this company has very colorful stories
Chew knows the company best. This is the first time he has bought from open market.
$ talks so must take a second look.
DYODD as this company has very colorful stories
haha kena shot back to 50s soon
so did you buy ?
ahhuat08 ( Date: 29-Jun-2022 17:14) Posted:
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insiders are buying. if this is the reason why?
shk363 ( Date: 08-Jun-2022 11:54) Posted:
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fundamentals aside,
this counter today sees heavy volume being traded,
i will buy only tomorrow if it breaks 68 resistance
punting stock, pls dyodd
this counter today sees heavy volume being traded,
i will buy only tomorrow if it breaks 68 resistance
punting stock, pls dyodd
they offer shareholders to pay $0.85 for 1 bond and then 5 years later, you can convert the bond to share at $0.065?.?? is there something wrong with this deal??
This bond thing reminds market of Hyflux... that time, Hyflux paid 6% for its bonds, and the retailers fight to get it..... Now there are 10,000 smarter retailers... haha if you still don' t know about this killer instrument from a killer company, go and Google Hyflux perpetual bonds....
In SG educational business is usually very profitable. This company performance is not great and I wonder why? Completely defy any logic.
shk363 ( Date: 08-Jun-2022 08:44) Posted:
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Raffles Education to raise $44 million via convertible bonds rights issue and placement
Raffles Education is trying to raise gross proceeds of more than $44 million via convertible bonds to pay off debt and use the remainder for working capital.
First, it plans to raise nearly $26.2 million via a renounceable underwritten rights issue of a convertible bonds priced at 85 cents each.
The rights issue bonds are to be offered to entitled shareholders on the basis of 19 rights issue bonds for each 1,000 shares they hold.
The convertible bonds will mature in five years and will pay a coupon of 6% a year. The initial conversion price has been set at 6.5 cents.
Chew Hua Seng, the company&rsquo s chairman, CEO and controlling shareholder, now holds 462.9 million shares, equivalent to 33.58% of the company. He will take up his full allotment and &ldquo may at his discretion&rdquo take up additional rights issue bonds.
The company is also raising $17.9 million from UOB Kay Hian via a placement of convertible bonds. The initial conversion price has been set at 6.5 cents.
Raffles Education says the fundraising is decided upon having considered the overall terms of the convertible bonds amid current market volatility.
&ldquo The proceeds raised will be timely to supplement the group&rsquo s internally generated cash flow to meet its on-going financial obligations.
&ldquo The rights issue will also provide shareholders with an opportunity to further participate in the equity of the company through the possible conversion of the rights issue bonds as the prospects of the group and its share price improves in line with the recovery of its business post pandemic,&rdquo adds Raffle Education.
shk363 ( Date: 08-Jun-2022 08:44) Posted:
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uobkh so confident? taking up all placement bonds
MakeChanges ( Date: 08-Jun-2022 08:35) Posted:
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RAFFLES Education is seeking to raise S$26.2 million in convertible bonds to repay existing loans and for general working capital, the company said in a bourse filing late Tuesday night (Jun 7).
The bonds are due 5 years from the issue date and will bear a coupon of 6 per cent per annum, payable on a semi-annual basis. They are proposed to be offered on a renounceable basis to entitled shareholders on the basis of 19 bonds for every 1,000 shares held.
Taking into account a bond price of S$0.85, being 85 per cent of the principal amount of each convertible bond, each conversion share is priced at about S$0.055, or a discount of approximately 9.8 per cent to the security&rsquo s closing price of S$0.061 per share on Tuesday.
Chief executive officer and chairman Chew Hua Seng intends to subscribe for his pro-rata entitlement to the bonds under the rights issue. Chew holds 463 million shares directly and indirectly, representing about 33.6 per cent of the company&rsquo s existing issued share capital.
The mainboard-listed company will also issue a placement of S$17.9 million in convertible bonds in a bought deal arrangement with UOB Kay Hian Holdings. The conversion price of S$0.065 for the placement represents a premium of about 6.6 per cent over Tuesday&rsquo s closing price.
Raffles Education&rsquo s board of directors said the proceeds raised will be timely to supplement the group&rsquo s internally generated cash flow to meet its ongoing financial obligations.
Wow.
My post late last night was deleted! Someone must be very sensitive here.!
Note.. this is no ordinary rights issue. It' s a bonds rights... meaning like a loan, meaning like no bank wants to lend them, meaning they wants you to be the lender......so cham!
My post late last night was deleted! Someone must be very sensitive here.!
Note.. this is no ordinary rights issue. It' s a bonds rights... meaning like a loan, meaning like no bank wants to lend them, meaning they wants you to be the lender......so cham!