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otw...........
tankoksee ( Date: 10-Nov-2021 15:40) Posted:
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why recently volume so high and trending up ...thought today will come down but still reverse up..
looks like someone supporting...why ah ?
looks like someone supporting...why ah ?
OKH Global to divest holdings in two companies to repay loans
PROPERTY Developer OKH Global has entered into a conditional share sale agreement to dispose of its holdings in Equalbase and in Deltanvil for S$51.4 million.
This is more than the counter' s current market capitalisation at S$28.2 million.
Equalbase is a logistics warehouse owner and developer with three logistics properties in Singapore and Malaysia Deltanvil is a freight-forwarding provider majority-owned by Christian Paul Bischoff.
The transaction involves the company' s subsidiary, OKH Transhub selling its 40-per-cent stake in Equalbase to Deltanvil. Then another OKH subsidiary, Chronoz Investment, is to sell its 15 per cent stake in Deltanvil to Bischoff.
There were attempts to sell the holdings to Deltanvil and Bischoff in 2017, but the buyers failed to complete the translation. There have been no interested third-party buyers in the meantime.
The Equalbase transaction will net OKH Global S$43.4 million the Deltanvil transaction will net S$8 million. This would result in OKH Global divesting of its entire stakes in Equalbase and Deltanvil.
The two transactions will result in a net loss of S$16.6 million or 24 per cent, as the book value of the Equalbase holdings was S$59 million and Deltanvil was S$9 million as of Jun 30, 2021. The completion of the transaction between Deltanvil and Paul is contingent on the transaction between OKH Transhub and Equalbase.
Equalbase is being divested because OKH Global is unable to meet the cash flow needed to fund Equalbase' s expansion into new development projects. The divestment of Deltanvil comes out of tough prospects and a volatile environment its logistics business has been trending down in the past few years, and OKH Global is not optimistic about the prospects of the sector.
OKH Holdings said: " The group also needs to improve its overall cash flow position, which would be facilitated by the sale proceeds from the proposed divestment."
The proceeds will go into repaying two secured shareholders' loans at an aggregate principal sum of S$40.5 million.
Good results. This one NAV went but by $0.004.
They didn?t play results but looking stable. Maybe next week.
$0.027 bought and waiting . Go go go
They didn?t play results but looking stable. Maybe next week.
$0.027 bought and waiting . Go go go
Joelton ( Date: 12-Feb-2022 11:23) Posted:
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$0.027 got hidden buyers. Join
OKH Global reports 11.7% higher earnings of $5.3 mil for 1HFY2022
OKH Global has reported earnings of $5.3 million for the 1HFY2022 ended December, up 11.7% from earnings of $4.7 million in the same period the year before.
As a result, earnings per share (EPS) for the 1HFY2022 stood at 0.47 cents.
1HFY2022 revenue climbed 0.7% y-o-y to $8.2 million, thanks to the group&rsquo s property investment segment on the back of higher leasing activities and an increase in construction services.
Cost of sales increased by 9.3% y-o-y to $635,000.
Gross profit inched up by 0.1% y-o-y to $7.5 million. There was no significant change to OKH Global&rsquo s gross profit margin (GPM).
Other income surged 67.6% y-o-y to $925,000 mainly due to the higher grant income received during the period and the gain from disposal of property, plant and equipment.
Share of profits of associate fell 8.1% y-o-y to $1.02 million due to higher repair and maintenance cost incurred for their properties.
Cash and cash equivalents as at end-December stood at $12.7 million.
&ldquo As part of its continuous review, the group is assessing the relevance of the properties against its overall strategies. The group may monetise some of these assets through sales so as to further strengthen the financial strength of the group as it explores new business opportunities,&rdquo says OKH Global in its Feb 11 statement.
SGX cai tao?
tankoksee ( Date: 11-Nov-2021 16:21) Posted:
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wow..sgx buy in 462,900 shares at 2.9 cts
tom might be much bigger buying in..
watch out..
tom might be much bigger buying in..
watch out..
Philip securities not allowed to trade directly
Due_Dilligence ( Date: 11-Nov-2021 14:21) Posted:
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singhaiyi holds 44% of okh... plus another $40 mio loan oso...
can simply takeover with an arrangement....
plenty of assets...commercial/industrial/logistic/office buildings..
(debts financing is for these properties)
anyway, ct/gt...billionaires..privatised mother shares liao..
baby is a matter of time to takeover..la
can simply takeover with an arrangement....
plenty of assets...commercial/industrial/logistic/office buildings..
(debts financing is for these properties)
anyway, ct/gt...billionaires..privatised mother shares liao..
baby is a matter of time to takeover..la
Just read reports in SGX. Be very careful. This company has a lot of liabilities, bank loans, etc. If this company cannot manage its cash flow, then you know what will happen.
a low balled hanging fruits ready for takeover soon......
can expect some announcement/news soon..
mother share orendi takeover...
baby will follow la...be patient..
buy n hold for 5 cts at least..
jz a matter of time...should soon siah
baby will follow la...be patient..
buy n hold for 5 cts at least..
jz a matter of time...should soon siah
Why price drop if so hot?
the next target is okh global..
otot.............watch it carefully..................
stii v v cheap here............for 5 cts otot
otot.............watch it carefully..................
stii v v cheap here............for 5 cts otot
tankoksee ( Date: 10-Nov-2021 11:06) Posted:
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after lunch...3 cts otw........
tofudidi ( Date: 10-Nov-2021 09:23) Posted:
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Hot stock: SingHaiyi hits 3.5-year high after Tangs' privatisation offer
CT had privatised singhaiyi...22% discount of nta at 11.7 cts...
okh global next in line...if 22% discount of nta 6.4 cts...would be 5 cts...
watch it..
okh global next in line...if 22% discount of nta 6.4 cts...would be 5 cts...
watch it..
flushing before push