Elec & Eltek USD   

ELEC US$

In principle, it can be done. But is it worth it unless the differential is really big ?    The risk is it needs  time  to transfer ones' s shares from one exchange to the other and price may change during that period. Furthermore, the stock is quite illiquid. Anyway it have never done that before.

beginners      ( Date: 21-Jul-2017 02:49) Posted: Like that how? Can buy at sdg and sell at hk? sunview      ( Date: 20-Jul-2017 15:03) Posted: Now up 3.5 cents or 2.13% for the day, but there is some difference in the last done price between Hong Kong and Singapore. Hong Kong        HK$13.96 ( ~US$1.79 at 1US$=7.8HK$) , volume   53,500 shares Singapore          US$1.68,  volume  214,800 shares

 

Like that how? Can buy at sdg and sell at hk?

sunview      ( Date: 20-Jul-2017 15:03) Posted: Now up 3.5 cents or 2.13% for the day, but there is some difference in the last done price between Hong Kong and Singapore. Hong Kong        HK$13.96 ( ~US$1.79 at 1US$=7.8HK$) , volume   53,500 shares Singapore          US$1.68,  volume  214,800 shares

 

Now up 3.5 cents or 2.13% for the day, but there is some difference in the last done price between Hong Kong and Singapore.

Hong Kong        HK$13.96 ( ~US$1.79 at 1US$=7.8HK$) , volume   53,500 shares
Singapore          US$1.68,  volume  214,800 shares

 

The board (the &ldquo Board&rdquo ) of directors (the &ldquo Directors&rdquo ) of the Company wishes to inform shareholders of the Company (the &ldquo Shareholders&rdquo ) and potential investors that, subject to the finalisation of its unaudited consolidated financial results for the six months ended 30 June 2017 (the &ldquo Current Period&rdquo ), the Group is expected to record a significant increase of not less than 250% in net profit attributable to owners of the Company for the Current Period, as compared to the six months ended 30 June 2016.

 

Any reason for sudden shoot up?

toyy65      ( Date: 18-Jul-2017 10:45) Posted: Looks like will reach US$ 2.00 by year end :)

 

Looks like will reach US$ 2.00 by year end :)

 

Slowly ..... and slowly,   it is US$1.58 now.

 

Company expects to report an increase of 190% in 1Q net profit over 2016.

1Q 2016 net profits was US$3.00 translating to US$0.016 per share

Assuming a 190% increase as per company' s guidance, 1Q 2017 net profits would be US$5.7 mil or US$0.034 per share

If the momentum continues 2017 would be a big turnaround story for this company

 

 

End the day at US$1.465

 

USD 1.50 soon.....

 

 

Another tech stock on a up up trend :)

 

Wow, US$1.385 now.

E & E sprang into action this morning after the Group announced that 1Q17 net profit is expected to be significantly higher than that of 1Q16 (not less  than 170%).

" The major factors attributable to the increase in net profit in 2017 First Quarter include, inter alia, (i) the increased sales proportion of higher profit margin products arising from an adjustment in product mix allocation and (ii) the increased profit margin of laminates manufactured and sold by the Group, as compared to thecorresponding period in 2016."

 

Looking good.

Elec Eltec  managed to stay above US$1.20 and now trading at US$1.29

 

Last traded at US$1.20 !

Perhaps, if it can go and stay above $1.20, people would start to look at it again.

 

The Appeal court at Bermuda is ruling in favour of the majority shareholders of Kingboard Copper Foil Holdings that the entry into the license agreement between Hong Kong Copper Foil and Harvest Resource  was not oppressive conduct and dis not unfairly prejudice the minority shareholders of the company.

With the conclusion of the Kingboard episode and the imminent privatisation of Kingboard Copper Foil, will attention  be turned here ?

NAV = US$1.96

 

Wow, US$1.00 now. 1st resistance

 

Today up US$0.065 to US$0.955. Technically looking strong.

 

Elec & Eltek announced on Friday that the Group is expected to record a turnaround of a net profit of over approximately US$10 million for the year ended 31 December 2016, from a loss attributable to owners of the Company of approximately US$4.8 million for the year ended 31 December 2015.

The major factors attributable to the increase in net profit include (i) the increased sales proportion of higher profit margin products arising from an adjustment in product mix allocation as disclosed in the 2016 Interim Report and (ii) the increased profit margin of the products manufactured and sold by the Group.

The stock is up 7% to US$0.90 this afternoon.

 

It's a nobody care stock. Most of the time Very less or no trades at all.

 

2 weeks on, it has gained 20% to US$0.975. Too bad, did not buy.

sunview      ( Date: 11-Mar-2016 15:44) Posted: Every now and then, brokering houses would scan through their covered stock to provide a list of potential takeover or privatisation candidates. Probably because of their low liquidity, Elec has escaped the radar of analysts for years. Share prices has also been on a downward spiral in the last few years. It traded as low as US$0.625 in early Feb. Today the last done price was US$0.81, but this is  at  stark contrast to the  US4 at their hey days in 2011. Perhaps they have pushed up prices to that level to facilitate dual  listing in Hong Kong at the time. By the way, the last done price in Hong Kong was HK$7.41. Just  wonder, with such low transaction volume and that the substantial shareholder holding over 73%, why they still bother to  remain listed here. Incidentally, they did try to privatise the company  in 2009  (before the dual listing) unsucessfully  at a lowly US$1.20.

 

Already devest Long ago. Now seems wake up again