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Han Juan Seng took the placement. Definitely price will touch 60c. Same with Centurion, Aritivision, OKH, etc. after IPO down, then accumlate and price goes up 2-3 times IPO price.
drbull ( Date: 19-Jun-2014 16:39) Posted:
My feeling is that Eurosports will go higher to at least 40cts.
The reasons are 1. shareholders will receive special dividends upon completion of sale and lease back property.
2. new Lamboghini model will be launched around Sept this year. Sales will go up.
3. Staff holding ipo shares and also share options so expecting prices to go higher.
4. There is a group of investors who took up large amount of ipo placement shares and they will push up the price
before selling off.
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My feeling is that Eurosports will go higher to at least 40cts.
The reasons are 1. shareholders will receive special dividends upon completion of sale and lease back property.
2. new Lamboghini model will be launched around Sept this year. Sales will go up.
3. Staff holding ipo shares and also share options so expecting prices to go higher.
4. There is a group of investors who took up large amount of ipo placement shares and they will push up the price
before selling off.
There is a typo error in your message. They started trading on " 17 Jan 2014" ??
sheerluck ( Date: 28-May-2014 00:46) Posted:
Sorry if I keep ranting ESG. If you don' t like, please turn away now.
The two top people are MG and AG. Give you a break down of their income this year.
During IPO they sold 24mil and 16mil share at 28cts. So that is $6.7mil+$4.5mil
From IPO prospectus, they are getting Band B pay so from $250k to $500k each
After IPO-ing, they still own 70% of the company, so the special will contribute $3.1mil and $2.1mil. Other shareholders get $2.2mil
Also don' t forget, they got perfromance bonus. Based on my calc, add another $805k+$555k if they include that $16mil but is plain wrong if they do because selling and leasing back a property isn' t their core ops! It doesn' t count.
So they took so much $$$ into their own pocket from the market and left a business with little prospect and a token of $2.2mil to the rest.
By the way, the six-month lock up is almost up, They started trading on 17 Jan 2014.
DYDD. 
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Sorry if I keep ranting ESG. If you don' t like, please turn away now.
The two top people are MG and AG. Give you a break down of their income this year.
During IPO they sold 24mil and 16mil share at 28cts. So that is $6.7mil+$4.5mil
From IPO prospectus, they are getting Band B pay so from $250k to $500k each
After IPO-ing, they still own 70% of the company, so the special will contribute $3.1mil and $2.1mil. Other shareholders get $2.2mil
Also don' t forget, they got perfromance bonus. Based on my calc, add another $805k+$555k if they include that $16mil but is plain wrong if they do because selling and leasing back a property isn' t their core ops! It doesn' t count.
So they took so much $$$ into their own pocket from the market and left a business with little prospect and a token of $2.2mil to the rest.
By the way, the six-month lock up is almost up, They started trading on 17 Jan 2014.
DYDD.
Just one word, " wow" , u are supa, I will keep you in my watchlist for invest knowledge.
sheerluck ( Date: 27-May-2014 23:39) Posted:
Aiyo, you didn' t follow this coy. They booked a one-off gain of S$16.21 million arising from the sales and leaseback of 30 Teban Gardens Crescent. You take this one out of the P/L, you can see the real results. You should also check if their top people are getting so well-paid that it further eroded the bottomline.
They lagi best. Never say is special dividend but said is final div. Don' t overlook this. People don' t know thought they got a bumper year and is giving out a bumper dividend.
They are actually very shrewd. From IPO prospectus, you can tell their business is on downtrend but they got good enough results for the past three year so quickly get listed. If they do it this year with this sort of results, I think no banks or agents interested. They also sold their own shares during the IPO and I think already booked equivalent of about 3-4 times of their paid into their own pocket.
If it choing, then is giving face to he final div.
DYDD.
Zindarion ( Date: 27-May-2014 20:25) Posted:
| Financial Report just out. Looks good for me. Might need pro to check details |
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Sheerluck, you are right. Think their following quarters, especially next year same quarter, their result will be ugly. Super thin profit before liquidating and monetizing their asset and returning it to shareholders. Seems like wanted to cash out as much money as they could from their assets. Worrying.
Whatever, think price will jump 1 to 2 cents tomorrow. Investors wast to see and feel real cash in hand.
sheerluck ( Date: 27-May-2014 23:39) Posted:
Aiyo, you didn' t follow this coy. They booked a one-off gain of S$16.21 million arising from the sales and leaseback of 30 Teban Gardens Crescent. You take this one out of the P/L, you can see the real results. You should also check if their top people are getting so well-paid that it further eroded the bottomline.
They lagi best. Never say is special dividend but said is final div. Don' t overlook this. People don' t know thought they got a bumper year and is giving out a bumper dividend.
They are actually very shrewd. From IPO prospectus, you can tell their business is on downtrend but they got good enough results for the past three year so quickly get listed. If they do it this year with this sort of results, I think no banks or agents interested. They also sold their own shares during the IPO and I think already booked equivalent of about 3-4 times of their paid into their own pocket.
If it choing, then is giving face to he final div.
DYDD.
Zindarion ( Date: 27-May-2014 20:25) Posted:
| Financial Report just out. Looks good for me. Might need pro to check details |
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Aiyo, you didn' t follow this coy. They booked a one-off gain of S$16.21 million arising from the sales and leaseback of 30 Teban Gardens Crescent. You take this one out of the P/L, you can see the real results.
You should also check if their top people are getting so well-paid that it further eroded the bottomline.
They lagi best. Never say is special dividend but said is final div. Don' t overlook this. People don' t know thought they got a bumper year and is giving out a bumper dividend.
They are actually very shrewd. From IPO prospectus, you can tell their business is on downtrend but they got good enough results for the past three year so quickly get listed. If they do it this year with this sort of results, I think no banks or agents interested. They also sold their own shares during the IPO and I think already booked equivalent of about 3-4 times of their paid into their own pocket.
If it choing, then is giving face to he final div.
DYDD.
Zindarion ( Date: 27-May-2014 20:25) Posted:
| Financial Report just out. Looks good for me. Might need pro to check details |
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Financial Report just out. Looks good for me. Might need pro to check details
Special Div lai liao. 2.8cts. Perforamce wise....
Special dividend should be coming soon? Previously announced 10% yield based on price of 22 cents. At current price, it is still a very good bargain! 8.3%!!
burst up today
Special dividend coming..
Economy in 2014 won't do as well as past two years.
We won't be seeing an increase in supercar sales. Transactions will be muted.
Hope people heeded my advice and stay away from this counter.
Sport business is a very complicated one. The ones who list this kind of company trying to sabo investors. By shorting, I almost make 50% profit within 1-2weeks.
Looking forward to cover at 21cents.
All the best.
gaoshou ( Date: 17-Jan-2014 14:01) Posted:
Personally uncomfortable with sports counter. Have shorted BTW.
gaoshou ( Date: 17-Jan-2014 13:52) Posted:
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CK offload very fast tis morning... retailer dio sabo liao.
Personally uncomfortable with sports counter. Have shorted BTW.
gaoshou ( Date: 17-Jan-2014 13:52) Posted:
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Tis sport car coe expired....
Think private investors cashing out since already profit so much. Might close 30c.
stockmarketmind ( Date: 17-Jan-2014 13:44) Posted:
| Eurosports GBL up up from IPO of 0.28 to 0.36 and people are selling now to almost back to IPO price? |
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Unlikely.
gaoshou ( Date: 17-Jan-2014 13:52) Posted:
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Close 26? Possible?
Profit taking from placement. Buyer from public who bought earlier throw because scared it will drop more. Collecting by BB. Pump later.
stockmarketmind ( Date: 17-Jan-2014 13:44) Posted:
| Eurosports GBL up up from IPO of 0.28 to 0.36 and people are selling now to almost back to IPO price? |
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