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unionmet in play.
T+5 today since the last big trade
Wow. The trade price is almost 1.5x more than current px.
Octavia ( Date: 15-Jan-2014 15:06) Posted:
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SSH Precious Stream Holdings and Asia Capital Group disclose of interest.
http://infopub.sgx.com/FileOpen/Form3-AsiaCapitalGroup-150114.ashx?App=Announcement& FileID=271037
http://infopub.sgx.com/FileOpen/Form3-PreciousStream-150114.ashx?App=Announcement& FileID=271035
Counter is up on strong volumes. We highlight that a 128m married share trade involving Precious Stream Holdings and Asia Capital Group occurred on Monday. Do note that the average transaction amount was done at $0.162/share. On the same day, Executive Chairman Li Hua bought 1.8m shares at $0.081 on average, raising his stake from nil to 0.29% Recall, the company is in the midst of a business restructuring following a strategic review in 2H13. The group is seeking to diversify into property development and oil blending, particularly in S?pore and China.
Chiong liao
Unionmet FY13 net loss widened to US$3.2m from a loss of US$0.2m in FY12, due to an absence of a US$2.3m land compensation receipt, as well as a property impairment loss of US$1.4m from Guangxi Intai Technology Co. Revenue grew 29% to US$38.2m on the back of higher sales of indium ingots, zinc ingots and zinc related products and lead ingots, arising from increased trading activities. However, despite the improving performance of the group?s trading activities, gross margin remain thin and unable to cover operating overheads, which prompted a diversification away from the competitive smelting industry.
The group proposed to diversify into the business of property development and the blending and distribution of diesel and engine oil. Both new businesses seek an exposure in Singapore and China. The property development business will include property holding, development and management, with a focus on residential and commercial sectors.
The management believes in the upbeat growth and prospects of the Singapore residential market over the mid to long term, while increasing urbanization and rapid growth should lead to increased demand in China. Unionmet is in the final stages of negotiations with a manufacturer of oil blending equipment that has the technology to refine and blend diesel and engine oil that will produce potential cost savings over regular diesel and engine oil. To fund the new businesses, Unionmet proposed a renounceable non-underwritten rights issue of 306.8m new shares at 7.5¢ apiece (4% discount to last close), on the basis of 1-for-2. Net proceeds of $22m will be used mainly for its new property development and oil blending businesses.
The Company is offering up to 306,776,997 Rights Shares at the Issue Price of S$0.075 per Rights Share, on the basis of one (1) Rights Share for every two (2) existing Shares held by Entitled Shareholders as at the relevant books closure date (?Book Closure Date?), fractional entitlements to be disregarded.
WanSiTong ( Date: 13-Jan-2014 09:50) Posted:
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1. PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 306,776,997 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT AN ISSUE PRICE OF S$0.075 FOR EACH RIGHTS SHARE, ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES IN THE CAPITAL OF THE COMPANY HELD BY SHAREHOLDERS OF THE COMPANY AS AT A BOOKS CLOSURE DATE TO BE DETERMINED, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED
http://infopub.sgx.com/FileOpen/Unionmet-RightsIssue.ashx?App=Announcement& FileID=270559
2.THE PROPOSED DIVERSIFICATION OF BUSINESS TO INCLUDE (A) PROPERTY DEVELOPMENT AND (B) THE BLENDING AND DISTRIBUTION OF DIESEL AND ENGINE OIL
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3MonthsByCompanyNameAndCategory& F=1028063& fileId=UM-ChangeBusiness.pdf
Company Results | |||||||||
S/N | Company Name | Q/HY/FY | Currency, Units | Revenue | Net Profit | ||||
Current | Previous | Change (%) | Current | Previous | Change (%) | ||||
1 | UNIONMET (SINGAPORE) LIMITED | FY | US$ mn | 38.2 | 29.5 | 29.3 | -3.2 | -0.2 | 1,674 |
Octavia ( Date: 13-Jan-2014 09:26) Posted:
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UNAUDITED FINANCIAL STATEMENT ANNOUNCEMENT FOR THE FULL YEAR ENDED 30 NOVEMBER 2013
Unionmet (Singapore) Limited
http://infopub.sgx.com/FileOpen/UM-R...& FileID=270557
Unionmet (Singapore) Limited
http://infopub.sgx.com/FileOpen/UM-R...& FileID=270557
Good one
Latest announcement was 23 Dec where the company announced the completion of a restructuring exercise, where Unionmet is now the ultimate holding company of subsidiaries Union Zinc and Guanxi Intai Technology. This is the first completed restructuring exercise following a majority shareholder change. Recall that in July, Asia Capital Group (ACG) has purchased a 29% stake (1% shy of the 30% level which will trigger the mandatory general offer) Should such a scenario materialize by 23 Jan 2014, SGX rules mandate that the offer price will have to be tabled at a price not less than the $0.14 per share that ACG acquired for on 23 Jul.
Unionmet in play today.
Go Unionmet go.
Go for 8c and above first.
meohmy ( Date: 23-Oct-2013 13:52) Posted:
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Hope so! Stuck above 10cts
Octavia ( Date: 23-Oct-2013 11:13) Posted:
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Technicals appear indiciative of further upside too, as supported by RSI and Stochastics. The recent high of $0.075 will be the near-term resistance, followed by the 20 day MA at $0.082
last min mini surge...lol
Octavia ( Date: 10-Oct-2013 10:26) Posted:
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this is how the counters always played.
i like to monitor my counter of interest first before buying.
for this counter, it is always like that. better avoid buying if price is day high..
dicksonh ( Date: 10-Oct-2013 10:54) Posted:
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how come run halfway reverse!
lai liao...