Sapphire    Last:0.047   -

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anyone watching? churning at 78 ytd and today. do your homework, read all the announcements in the last 6 mths and make a decision. 1 more week to go...

 

 

 

Are you sure they the same people?

fattboy      ( Date: 02-Jul-2015 16:54) Posted: Agree. The same people had been carrying the bags of cash ,testing diff market. Lol victortan      ( Date: 27-Apr-2015 23:20) Posted: This counter has been losing money, for every business strategy it go into, stell, now this railway, actually it shld not change business but change the lousy management.

 

Long... Expect the unexpected.. Enjoy...

 

Agree. The same people had been carrying the bags of cash ,testing diff market. Lol

victortan      ( Date: 27-Apr-2015 23:20) Posted: This counter has been losing money, for every business strategy it go into, stell, now this railway, actually it shld not change business but change the lousy management.

 

All those interested, load up enuff already? 2 more weeks to deal completion.

 

This counter has been losing money, for every business strategy it go into, stell, now this railway, actually it shld not change business but change the lousy management.

 

Similar or close to MIDAS

 

like midas?

 

Can it run soon??

 

CONFIRMED order book of RMB2.1 billion sounds great.

 

Could this be the next MIDAS?

Sapphire Corporation plans to acquire a China-based

Engineering, Procurement and Construction (EPC) business

for RMB 360m (S$75.9m) as part of a new corporate and

turnaround strategy to propel growth via railway

infrastructure and engineering projects after disposing its

loss-making steel business. It has entered into an agreement

to acquire the entire share capital of the Hong Kong

incorporated Ranken Infrastructure via issue of new

Sapphire shares worth S$16.5m at $0.10 each and a

subsequent capital injection of RMB 282m (S$59.4m). AAAcertified

Ranken is China&rsquo s second-largest privately owned

integrated rail infrastructure company with significant

contracts from state-owned enterprises in China, India and

Bangladesh. Ranken recorded net profit of RMB19.4m

(S$4.1m) for the six months ended 30 June 2014 and has a

confirmed order book of RMB 2.1 bn (S$442.1m) to be

delivered over 3 years. Sapphire intends to propel growth

via Ranken through increasing rail project order book,

participating in urbanization plans and partnering with

state-owned enterprises and governments in long-term

infrastructure projects.

 

Anyone went to the recent general meeting?

 

Any chance for this to move up?

 

Bro if you enter low  today, suggest you take profit. Not forgetting the expensesto be offset. I am not comfortable with their low revenue in yr 2014 report. Rather risk in water treatment stock then steel since china property bubble risk is there. trade with care...hope you huat ah

 

Sold off at 5 mil profit bro.. cashflow coming in is secured by collateral also.. they have cash upfront 20 mil.. another 50 mil from bonds earning 5% yield.. redeemed by end of 6 mths.. secured by assets.. 5 percent of 50 mil semi annual is 1.25 mil.. which gives them at least 71.25 mil cash at end of 6 mths..the cash flows amount to 0.088c. Nta at 0.095, nt including mancala ltd which is also under them. mancala is an australian mining company in production for 20 years recently acquired by them.. so if it is still nt a value buy currently, what is a value buy? Regret not catching it earlier.. market open first 30 mins went up to 8c alr.. sianz.. nt many sellers as well which means more ppl keeping it for long term. Today first day nia.. watch tml and the day aft.. it will slowly edge up

 

Bro, this company lost huge money, reason for selling the sub looks like they need cash to keep company going.

Another question is are they selling at profit or lost....

 

Little sellers.. looks like can be easily cleared by Bbs when they come in.. huat ar.... looking at long term growth

 

Co will sell its entire PRC steel-making business (including vanadium production) for $70m ($20m cash plus $50m 5% coupon bond) and use the proceeds to propel its push into mining services, while looking out for strategic investments into other value-added engineering-related businesses. Sapphire expects to book a divestment gain of $3.8m.

 

70mil over 6 mths i mean.. NTA at 9.5c.. nkw onli 8.5c.. undervalued stk.. nt considering the positive news on diversifing into other profitable businesses.. looks like they keeping their word to shareholders and serious in steering the company upward.. lol hope everybody huat big big

 

Huat ar.. the market cap 70 million nia.. but they have 70 million cash on hand.. chiong ar!! Change of management and business to improve profitability.. looking at long term uptrend.. hahas holding for long term.. lol