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anyone looking at this? the technical setup is interesting to me
Right issue today XR didnt drop...
Can buy its little sister CSC, contruction penny stocks are poised to do well this coming year due to resurgence of the construction sector.
derekchong ( Date: 12-Jan-2017 14:29) Posted:
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at $0.340, price still attractive.
Round 2...lol
edwinjup ( Date: 15-Nov-2016 13:03) Posted:
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Price look attractive liao....
jia lat, those company who issue rights usually will have their share price tank until jialat jialat then recover abit..
Many many instances, best example is noble. from $2 slowly drop until rights annouced, share price tanked until 10 cents, then recover abit to 20 cents.
So ... be careful
guiren ( Date: 09-Sep-2016 15:20) Posted:
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I exited Tat Hong with a loss. Cut loss on my position with Tat Hong.
Tat Hong announced its 2Q 2016 results which doesn' t looks that bright.
http://tathong.listedcompany.com/newsroom/20161114_181541_T03_3OWJLBTSBR6KL9N2.1.pdf
http://tathong.listedcompany.com/newsroom/20161114_181541_T03_3OWJLBTSBR6KL9N2.2.pdf
BUSINESS PROSPECTS
The Group&rsquo s performance in most of its key markets is expected to remain subdued in FY2017.
The market weakness and the impending completion of projects in the ASEAN countries and in Australia will continue to impact the Crane Rental Division. Efforts to reduce operating costs through fleet rationalisation and operational restructuring will continue.
The Tower Crane Rental Division in the People&rsquo s Republic of China is expected to perform well on the back of a strong pipeline of committed projects in the building, infrastructure, transport and power generation sectors.
The General Equipment Rental Division is expected to turn in a weak performance due to the lack of public projects and increased competition from the oversupply of equipment in Australia.
Weak demand in the region and competitive market conditions will continue to affect the Distribution Division&rsquo s performance.
To strengthen the Group&rsquo s financial position and improve its financial flexibility, the Company today separately announced that it will be undertaking a renounceable underwritten rights issue (the &ldquo Rights Issue&rdquo ) to raise up to approximately S$41.1 million in net proceeds. The Rights Issue will be fully underwritten with Mr Roland Ng San Tiong, Managing Director and Group CEO, and certain parties acting in concert with him, providing irrevocable undertakings to the Company to subscribe for up to an aggregate of 77.6% of the total maximum number of rights shares under the Rights Issue.
Mr Ng stressed that the Ng family still believes firmly in the long term prospects of the Tat Hong Group and hence their decision, together with concerted parties, to irrevocably undertake the subscription of up to 77.6% of the Rights Issue.
It is having a cash call now.
Proposed Renounceable Underwritten Rights Issue
http://tathong.listedcompany.com/newsroom/20161114_183145_T03_8WWAOX2CIH0JMRFO.1.pdf
Proposed Rights Issue.
The board of directors (&ldquo Directors&rdquo ) (the &ldquo Board&rdquo ) of Tat Hong Holdings Ltd (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company is proposing a renounceable underwritten rights issue of up to 125,776,884 new ordinary shares in the issued and paid-up capital of the Company (the &ldquo Rights Shares&rdquo ) at an issue price of S$0.33 for each Rights Share (the &ldquo Issue Price&rdquo ), on the basis of one (1) Rights Share for every five (5) existing ordinary shares in the issued share capital of the Company (the &ldquo Shares&rdquo ), held by shareholders of the Company (the &ldquo Shareholders&rdquo ) as at a time and date to be determined by the Directors for the purpose of determining the Shareholders&rsquo entitlement under the proposed rights issue (the &ldquo Books Closure Date&rdquo ), fractional entitlements to be disregarded (the &ldquo Rights Issue&rdquo ).
Tikam some.....
Holding at $0.465 - $0.47.
With improved oil outlook, should we be taking a look at this laggard ?
Big Drop,, $0.45 ,, what happen ?? Any idea ?? Thankyou
HazardKoh ( Date: 08-Sep-2016 18:49) Posted:
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Gone case.. the share price recent climb was due to the takeover news.. now be careful
Tat Hong Holdings Ltd (the " Company" ) refers to its announcements released on 15 March 2016 (the " 15 March Announcement" ), 15 April 2016, 15 May 2016, 15 June 2016, 15 July 2016 and 15 August 2016.
The Company disclosed in the 15 March Announcement that the Company had been approached in connection with a potential transaction which may or may not lead to an acquisition of the issued share capital of the Company. Further to the announcement released on 15 August 2016, the Company wishes to update shareholders that the counterparty has informed the Company that it would not be proceeding with its assessment of the potential transaction at this stage, in view of the current economic conditions impacting the counterparty&rsquo s business. Accordingly, the Company has ceased discussions with the counterparty.
The Company will continue to evaluate strategic options or opportunities which may arise from time to time, with a view to enhancing shareholder value.
High chance...accumulated some at 50 cents last week...
sunview ( Date: 25-May-2016 16:47) Posted:
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Business Times on Monday named Tat Hong, among others, as a potential delisting candidate, using certain criteria such as low public ownership ratios and depressed valuations etc.
" It is trading at half its book value with a substantial impairment on the way. It said in mid-May that it was still in talks on a possible sale of the company, though there is no certainty that any transaction will result."
SmallSmall ( Date: 25-May-2016 14:01) Posted:
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Something brewing again?
since gap up the first high was 0.67, then the second high was 0.65,
today got 0.62, looks like a falling wedge formation with 0.57 as support.
if 0.57 breaks, maybe covering gap at 0.50
Is that serious? But I can see TH recoveing if China' s growth improves, n set the commodity sector on an upturn as a result. The Australian resource sector will benefit, Tut Bryant will benefit. Other than that, TH' s Chinese businese will also benefit.
1oopls ( Date: 21-Apr-2016 10:04) Posted:
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rumored potential buyer is capitaland
Buy Now...
Still something brewing ......watch out guys.
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UPDATE ANNOUNCEMENT |
Tat Hong Holdings Ltd (the " Company" ) refers to its announcement released on 15 March 2016 (the " 15 March Announcement" ).
The Company had informed shareholders in the 15 March Announcement that the Company had been approached in connection with a potential transaction which may or may not lead to an acquisition of the issued share capital of the Company. The Company wishes to update shareholders that the discussions are still on-going and there is no certainty or assurance whatsoever that these discussions will result in any transaction.
The Company will, in compliance with the applicable rules (including the Corporate Disclosure Policy of the Listing Manual of the Singapore Exchange Securities Trading Limited), make further announcements as appropriate.
The Company wishes to advise its shareholders to refrain from taking any action in respect of their shares of the Company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company.
By Order of the Board.