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Any potential for this stock? I will stay away until it shows me the monies.
It is supposed to have decent monies flowing in from its Australia developments. Until lately, it is trying to raise monies by extending the maturity of its existing bonds... without much success. So it try issuing new bond.
Overseas properties sale is a lump sum payment upon handover. Meaning, buyers can walk away if the property price falls more than downpayment previously paid. So watch closely on monies flowing in if you are interested in this counter.
Any potential for this stock ?
Actually, it was already expected. If we' d looked at the earlier financial rpts in greater detail, the sewn up property sales waiting for rev to flow in were already indicated. That was why I had poured scorn on the media rpts abt aunties n uncles apparently rushing in " blindly" to buy its bonds. It bears my pt - media n analyst rpts are often written to sensationalise or with ulterior motives in mind n are rarely balanced.
toyy65 ( Date: 11-Nov-2016 09:30) Posted:
Finally posted some positive results. Looks good for the long term......
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Finally posted some positive results. Looks good for the long term......
offering retail bonds @ 5.25% p.a for 5years
http://infopub.sgx.com/FileOpen/Laun...& FileID=365737
this will be quite hot.. planning to subscribe for 50-80k cash
5years later can recover 26.25% of capital.. not bad at all
Fantastic px movement by sgx yardstick. But I don' t think it' s in expectation of good results. So many other coys with good results px also don' t respond. Somehow the Kohs have a penchant of surprising with some px moving action (maybe free warrant issue?). Fragrance, for example has had 4 bonus issues over the last five yrs n other corporate restructuring (eg, free GPH shares) that have made me regret not holding on to the shares when I starting buying their shares way back in 2009. At that time, I bought Fragrance at around 60c. Now each of those shares has multiplied into 8 shares worth a total of 1.60, not to mention the accumulated div over the period n the free GPH shares. .
toyy65 ( Date: 05-Aug-2015 03:06) Posted:
Share price moving. Results coming out. Hopefully good .....
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Share price moving. Results coming out. Hopefully good .....
Do u think Mr koh with do the same for aspial like his bro GPH?
so don't buy his shares?
I still vested at 0.38.... dividend yield 7%+ no good?
maxi cash bonus issue 5 for 1.
Aspial reporting tonight.... got chance
90%
staked means need to privatise isit?
sot of makes you wonder why we ve never seen mr koh sell
ACQUISITION OF PROPERTY ? KEWARRA BEACH, QUEENSLAND, AUSTRALIA
The Management of Aspial Corporation Limited (the ?Company?) is pleased to announce that
the Company through its subsidiary WCL-Cairns (Qld) Pty Ltd (?WCL?) has acquired 12 plots of
land located at Lots 9, 10, 11, 13, 14, 15,16, 17, 19, 21, 23, 25, 136-166 Moore Road, Kewarra
Beach, Queensland 4870, Australia (the ?Properties?) from PTH Vision Pty Ltd.
The total purchase consideration for the Properties is A$2,760,000 (the ?Consideration?). The
Consideration was arrived at on a willing buyer willing seller basis after taking into consideration
the development potential and location of the Property.
The Properties measures about 500 square metres each and are freehold vacant land for
residential use. WCL intends to build 12 bungalow houses on the Properties.
This transaction is not expected to have any material impact on the earnings and net tangible
assets of the Company in FY2014.
None of the directors and substantial shareholders of the Company has any interest, direct or
indirect, in the transaction.
By Order Of The Board
its moving... thanks for the call.
43c like supported?
Aspial, the company started out as a retail jeweler in 1970, but now has established into three core businesses namely property development, jewellery and financial services.
Below are some hightlights of the three core businesses:
Property development ? Aspial?s recent development is The Hillford, a resort-style residential concept and Singapore?s very first retirement resort, located in the heart of Bukit Timah. The property is developed by World Class Land, a subsidiary of Aspial.
Jewellery ? Aspial operates 72 jewelllery stores in Singapore, carrying brands such as Aspial, Lee Hwa Jewellery, Goldheart Jewellery and CITIGEMS.
Financial services ? Aspial has an 82.83% equity interest in Maxi-Cash Financial Services Corporation. The company provides pawn-brokering services as well as retail and trading of pre-owned jewellery. It has 33 stores located in Singapore.
Technical Chart
Since October 2012, Aspial has been trading in a sideway trend ranging from $0.39 to $0.48. Will the price break out of the sideway trend and start trending up like what we have seen in Oxley Holdings?
- Chart of Aspial Corporation
Currently, it is still too early to tell as the company?s share price has not move much. However, I see an opportunity of an uptrend happening as the share price has moved above the 50-day MA. Based on historical events, Aspial can go uptrend for one to three months when the price breaks above the 50-day MA. Moreover, the price is above 200-day MA. This tells us that there is a strong support at $0.41. If this support does not hold, the last line of defence will be $0.39.
Corporate Action
There are a few more things to highlight. Aspial is a company that give regular dividends. For past 12 months, the company paid out $0.033 in dividend (a trailing 12-month yield of 7.6%). However, they also issued rights in February 2013. Lastly, the insider trade announcement reflected that in November 2013, CEO Koh Wee Seng increased his stake in company to 75.71%.
...last:$0.430... http://www.andy-yew.com/
JEWELLERY group Aspial Corp has sunk A$41.5 million (S$46.8 million) into its first major property acquisition abroad, buying a development in Melbourne
The 10-storey commercial development, which has two levels of basement carpark space, is at King Street, directly opposite one of the oldest parks in the Australian city.
It lies about 300 metres from Flagstaff Station - the fifth busiest station in the city's metropolitan train network and one of the five stations encircling the central business district.
The site has a land area of about 2,206 square metres and a lettable area of around 13,136 sqm.
Aspial Corporation Ltd:Says the Group has incorporated two subsidiaries in Australia, namely, World Class Land (Australia) Pty Ltd and WCL-King (VIC) Pty Ltd (the Subsidiaries).Says upon incorporation, each of the Subsidiaries has an issued and paid-up capital of A$1.00.Says the incorporation of the Subsidiaries is in line with the Group?s expansion plans in Australia.
The Board of Directors of Aspial Corporation Limited (the ?Company?, and together with its
subsidiaries, the ?Group?) is pleased to announce that the Group has incorporated three
subsidiaries in Malaysia, namely, World Class Land (Malaysia) Sdn. Bhd., World Class Land
(Penang) Sdn. Bhd. and World Class Land (Georgetown) Sdn. Bhd. (the ?Subsidiaries).
Upon incorporation, each of the Subsidiaries has an issued and paid-up capital of RM2
divided into 2 ordinary shares of RM1 each.
The incorporation of the Subsidiaries is in line with the Group?s expansion plans in Malaysia.
The incorporation was funded by internal resources and is not expected to have any material
impact on the consolidated net tangible assets per share or earnings per share of the Group
for the current financial year ending 31 December 2013.
None of the directors or substantial shareholders of the Company has any interest, direct or
indirect, in the above transactions.
