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Another mega counter?
finally somethings positive and got chance significant......
Hmmm...
Just wondering if there are any updates from the recent AGM?
probably weeding out the contra players.. price and volume looks good past 2 days, as low vol on down days means no selling pressure.. though i could be wrong too
commando ( Date: 03-Jun-2020 19:35) Posted:
Price stagnant....no power
qwertyuiop00 ( Date: 03-Jun-2020 11:25) Posted:
| Good that the management is finally doing something to unlock value for the long-suffering shareholders. Price is super depressed even after so many contract wins the past 2 years. |
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Price stagnant....no power
qwertyuiop00 ( Date: 03-Jun-2020 11:25) Posted:
| Good that the management is finally doing something to unlock value for the long-suffering shareholders. Price is super depressed even after so many contract wins the past 2 years. |
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Good that the management is finally doing something to unlock value for the long-suffering shareholders. Price is super depressed even after so many contract wins the past 2 years.
U sure ? Haha vol.too thin ba
machidrain ( Date: 03-Jun-2020 09:29) Posted:
| lai lai. up another 100% today. |
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lai lai. up another 100% today.
afterward coming very fast
commando ( Date: 03-Jun-2020 09:08) Posted:
No power leh...haha
machidrain ( Date: 03-Jun-2020 09:05) Posted:
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No power leh...haha
machidrain ( Date: 03-Jun-2020 09:05) Posted:
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gogogo 0.15 today
20 cents in sight, but need to clear 15 cents hurdle
Acquirer is Shenzhen-listed Shandong Listco (Shandong Hi-Speed?s sole shareholder) which has a market capitalisation of approximately RMB 5.24 billion as at 31 December 2019 and it is majority-owned by a wholly-state-owned enterprise in the PRC, hence Ranken Railway will become an indirect and partial SOE and it will be able to tender for key infrastructure projects in the PRC which require contractors or vendors to be state-owned.
And Sapphire will still hold 48% of Ranken Railway! So you can imagine how they order books are going to swell with Shandong Hi-Speed Road and Bridge?s involvement. This deal is not a one off sale. Sapphire gets to collect S$70 mil cash in total and a new God Father to bring in the big contracts !
matrixxx ( Date: 03-Jun-2020 05:12) Posted:
| Base on past previous chart. Target 20 cerns is not a problem
Huat ah |
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Base on past previous chart. Target 20 cerns is not a problem
Huat ah
memories of midas reminded...
tomorrow continue to cheong.
100% gain.. Vertical rebound !
SmallSmall ( Date: 02-Jun-2020 15:39) Posted:
SmallSmall ( Date: 02-Jun-2020 13:58) Posted:
The net proceeds from the Proposed Transaction, after deducting all costs and expenses, is
estimated to be approximately RMB 257,048,000. The net proceeds are intended to be used
by the Group for any or all of the following purposes as determined by the Directors:
(a) investments into infrastructure and water and environmental conservation (WEM)
projects and transit-oriented development (TOD) projects, as and when opportunities
arise
(b) purchase of construction equipment by SYE for its leasing business
(c) expansion of the building estate management (&ldquo BEM&rdquo ) business of CJPS, including
investments into other companies undertaking the BEM business or by increasing the
headcount of CJPS
(d) contributions to Ranken Railway&rsquo s capital (whether by way of equity or debt) as
required by Ranken Railway
(e) contingency for reimbursement of any losses during the Audit Period as described in
paragraph 3.3 &ldquo Salient terms of the Proposed Transaction &ndash Reimbursement of losses
during the Audit Period&rdquo above and reimbursement of outstanding accounts
receivables of Ranken Railway as described in paragraph 3.3 &ldquo Salient terms of the
Proposed Transaction &ndash Guarantee of accounts receivables&rdquo above and
(f) general corporate purposes including general working capital, financing of new
business ventures through acquisitions and/or strategic investments as and when
opportunities arise, and share buy-back exercises and dvidend distributions to
Shareholders |
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SmallSmall ( Date: 02-Jun-2020 13:58) Posted:
The net proceeds from the Proposed Transaction, after deducting all costs and expenses, is
estimated to be approximately RMB 257,048,000. The net proceeds are intended to be used
by the Group for any or all of the following purposes as determined by the Directors:
(a) investments into infrastructure and water and environmental conservation (WEM)
projects and transit-oriented development (TOD) projects, as and when opportunities
arise
(b) purchase of construction equipment by SYE for its leasing business
(c) expansion of the building estate management (&ldquo BEM&rdquo ) business of CJPS, including
investments into other companies undertaking the BEM business or by increasing the
headcount of CJPS
(d) contributions to Ranken Railway&rsquo s capital (whether by way of equity or debt) as
required by Ranken Railway
(e) contingency for reimbursement of any losses during the Audit Period as described in
paragraph 3.3 &ldquo Salient terms of the Proposed Transaction &ndash Reimbursement of losses
during the Audit Period&rdquo above and reimbursement of outstanding accounts
receivables of Ranken Railway as described in paragraph 3.3 &ldquo Salient terms of the
Proposed Transaction &ndash Guarantee of accounts receivables&rdquo above and
(f) general corporate purposes including general working capital, financing of new
business ventures through acquisitions and/or strategic investments as and when
opportunities arise, and share buy-back exercises and dvidend distributions to
Shareholders
SmallSmall ( Date: 02-Jun-2020 13:55) Posted:
This deal is massive and it is massively positive for Sapphire. They will collect a total of RM 355.7 mil in cash which is about S$70.2 mil in Sing $. That would translate to a cash per share of $0.1722.
Hopefully they can delcare a dividend to reward the shareholders.
In addition they will still retain 48.82% of Ranken Railway which by then would be part of a wholly-state-owned enterprise !
Buy some to hold for the plays expected over the next few days. :)
Press Release today:
Sapphire to Strategically Divest 43.87% Equity Stake of its Subsidiary, Ranken Railway, for a Cash Consideration of RMB 280 Million To Retain 48.82% Effective Interest in Ranken Railway after Divestment With Ranken Railway& rsquo s (excluding the carved-out assets) transaction valuation of approximately RMB 638.2 million, Shandong Hi-Speed will purchase a 43.87% equity stake from Sapphire for RMB 280 million and subscribe for more shares in Ranken Railway, amounting to approximately 10.6% of the enlarged equity capital post-proposed transactions, for approximately RMB 75.7 million Shenzhen-listed Shandong Listco (Shandong Hi-Speed& rsquo s sole shareholder) has a market capitalisation of approximately RMB 5.24 billion as at 31 December 2019 and it is majority-owned by a ewholly-state-owned enterpris in the PRC, hence Ranken Railway will become an indirect and partial SOE and it will be able to tender for key infrastructure projects in the PRC which require contractors or vendors to be state-owned Upon the completion of the proposed transactions, Sapphire will retain 48.82% effective interest of Ranken Railway The total consideration is 314% of Company& rsquo market capitalisation based on the closing price of the shares of the trading day prior to the date of this announcement
From a financial perspective, the proposed transactions has positive financial effects on the Group and in particular, the Group&rsquo s net tangible assets (&ldquo NTA&rdquo ) per share will increase from RMB cents 131.82 to RMB cents 155.51 (NTA in S$ $0.307) (where retained interest in Ranken Railway is measured at fair value), and which the NTA of RMB cents 155.51 represents more than 5.6 times the closing price of the shares of the trading day prior to the date of this announcement and (ii) a gain of approximately RMB 58 million (where retained interest in Ranken Railway is measured at fair value)
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$0.11. More to come. Short sellers only beginning to sweat a bit.
