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2019..
Can Venture Corporation recover and regain investor confidence?
https://sbr.com.sg/manufacturing/news/can-venture-corporation-recover-and-regain-investor-confidence
Quote from William Tng, the analyst:
Tng noted that over the next two years, key focus will remain on IQOS. &ldquo As at end-Q4 2018, Philip Morris noted that one-third of its IQOS user base was in markets outside of Asia (progress was made in the EU region and Russia),&rdquo he added.
Its major customers, Illumina and Philip Morris, guided for growth in 2019 but trade war risks remain.
Flashback to 2018..
Philip Morris takes a drag on Venture, but it' s not up in smoke
SAT, APR 21, 2018 - 5:50 AM
UPDATED SAT, APR 21, 2018 - 5:50 AM
Singapore
PHILIP Morris coughed, and Venture Corp felt the convulsions.
Shares of the global electronics services provider crashed 12.25 per cent on Friday...
https://www.businesstimes.com.sg/companies-markets/philip-morris-takes-a-drag-on-venture-but-its-not-up-in-smoke
Sales of Marlboro HeatSticks halted in U.S. as federal official lets BAT' s patent-infringement victory against Philip Morris stand
16 hrs ago
https://journalnow.com/business/local/sales-of-marlboro-heatsticks-halted-in-u-s-as-federal-official-lets-bats-patent-infringement/article_54a2180e-5176-11ec-85bd-bfc8a08973b3.html
4th tribute
with due respect to you ah Wong
why investors treat Venture like buay song
got chance they short it instead of going long
no wonder the price can' t cheong
3rd tribute
though the skies are sunny
outlook for Venture is looking hazy
with iqos up in smoke things are now murky
no wonder price crash like crazy
slight interest q at 18.40..no ' strong' interest at other levels..
will there be another push down at the end of trading today?
lai lai lai...place your bets
| 13,100 |
18.400 |
18.900 |
7,300 |
| 2,500 |
18.390 |
18.920 |
1,100 |
2nd tribute
In Technology solutions, products and services you claim to be leading,
but what a joke your share price keep dropping,
no end in sight and I' m not dreaming,
no longer the star of SGX or investors' darling..
parting shot.. (not golf)..
short it and you will make money that' s for sure,
what a journey it has been for Venture..
tongphlp ( Date: 01-Dec-2021 09:56) Posted:
Their tagline is just so apt..a tribute to ah Wong
" Uniquely Venture"
where shortists take pleasure
sell at your own leisure
for the price is always under pressure |
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Their tagline is just so apt..a tribute to ah Wong
" Uniquely Venture"
where shortists take pleasure
sell at your own leisure
for the price is always under pressure
crying over his losses...:)
tongphlp ( Date: 19-Nov-2021 06:50) Posted:
Venture Corp&rsquo s Wong raises stake just before stepping down as CEO
The Edge Singapore Published on Thu, Nov 18, 2021 / 1:09 PM GMT+8 / Updated 17 hours ago
https://www.theedgesingapore.com/capital/print-week/venture-corps-wong-raises-stake-just-stepping-down-ceo
Lobster ( Date: 18-Nov-2021 13:33) Posted:
Be prepared.....
vested
Venture Corp&rsquo s Wong raises stake just before stepping down as CEO
Wong Ngit Liong, who is stepping down as the long-time CEO of Venture Corp, has increased his stake in the blue-chip contract manufacturer. On Nov 8, Wong acquired 200,000 shares on the open market for a total $3.75 million or $18.7 each.
Wong now holds around 20.65 million shares or 7.106% of the company, up from 7.037% previously.
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don' t you just love the shorters!
18...17....16....
Venture is hopeless :)
tongphlp ( Date: 30-Nov-2021 09:10) Posted:
short sellers unite! 18 coming!
tongphlp ( Date: 30-Nov-2021 09:03) Posted:
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FOOD & BEVERAGE
Altria can&rsquo t sell Iqos in the U.S. as Biden administration opts to not intervene in patent dispute
PUBLISHED TUE, NOV 30 20217:55 AM ESTUPDATED TUE, NOV 30 20218:16 AM EST
https://www.cnbc.com/2021/11/30/altria-cant-sell-iqos-in-us-as-biden-wont-intervene-in-patent-dispute.html
shorters rejoice!
tongphlp ( Date: 30-Nov-2021 14:32) Posted:
on closer observation...his face says it all - Jialat!
tongphlp ( Date: 19-Nov-2021 06:50) Posted:
Venture Corp&rsquo s Wong raises stake just before stepping down as CEO
The Edge Singapore Published on Thu, Nov 18, 2021 / 1:09 PM GMT+8 / Updated 17 hours ago
https://www.theedgesingapore.com/capital/print-week/venture-corps-wong-raises-stake-just-stepping-down-ce |
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on closer observation...his face says it all - Jialat!
tongphlp ( Date: 19-Nov-2021 06:50) Posted:
Venture Corp&rsquo s Wong raises stake just before stepping down as CEO
The Edge Singapore Published on Thu, Nov 18, 2021 / 1:09 PM GMT+8 / Updated 17 hours ago
https://www.theedgesingapore.com/capital/print-week/venture-corps-wong-raises-stake-just-stepping-down-ceo
Lobster ( Date: 18-Nov-2021 13:33) Posted:
Be prepared.....
vested
Venture Corp&rsquo s Wong raises stake just before stepping down as CEO
Wong Ngit Liong, who is stepping down as the long-time CEO of Venture Corp, has increased his stake in the blue-chip contract manufacturer. On Nov 8, Wong acquired 200,000 shares on the open market for a total $3.75 million or $18.7 each.
Wong now holds around 20.65 million shares or 7.106% of the company, up from 7.037% previously.
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Philip Morris International (NYSE:PM) Price Target Cut to $113.00 by Analysts at Barclays
https://www.marketbeat.com/instant-alerts/nyse-pm-a-buy-or-sell-right-now-2021-11-2-3/
MONDAY, NOVEMBER 29, 2021 | MARKETBEAT
Venture Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Chairman & CEO Ngit Liong Wong for S$3.7m worth of shares, at about S$18.73 per share. That implies that an insider found the current price of S$18.95 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it' s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we' re pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Ngit Liong Wong.
https://simplywall.st/stocks/sg/tech/sgx-v03/venture-shares/news/a-venture-corporation-limited-sgxv03-insider-increased-their
Lobster ( Date: 30-Nov-2021 12:01) Posted:
Well, PM is just a toe nail of Venture' s orders.I won' t even bother to know how to spell its name.
Just a trivia. A former great leader' s wife was believed to hold a substantial share in this counter.
Dont know if she willed it to her son or daughter in law, or one of the grandchildren. |
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Verdict is out : PMI lost the case...More selling to come!
Lobster ( Date: 30-Nov-2021 12:01) Posted:
Well, PM is just a toe nail of Venture' s orders.I won' t even bother to know how to spell its name.
Just a trivia. A former great leader' s wife was believed to hold a substantial share in this counter.
Dont know if she willed it to her son or daughter in law, or one of the grandchildren. |
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the relationship between PMI and Venture is similar with AEM and Intel. When one sneezes, the other one catches a cold, if not Covid...:)
Lobster ( Date: 30-Nov-2021 12:01) Posted:
Well, PM is just a toe nail of Venture' s orders.I won' t even bother to know how to spell its name.
Just a trivia. A former great leader' s wife was believed to hold a substantial share in this counter.
Dont know if she willed it to her son or daughter in law, or one of the grandchildren. |
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Well, PM is just a toe nail of Venture' s orders.I won' t even bother to know how to spell its name.
Just a trivia. A former great leader' s wife was believed to hold a substantial share in this counter.
Dont know if she willed it to her son or daughter in law, or one of the grandchildren.
Philip Morris & Venture - How significant is their relationship? Well Venture&rsquo s management has all-along been extremely secretive of their client relationships and does not openly disclose clients&rsquo contribution to their top-line.
PM is touted to be the largest client of Venture at present and management disclosed in its 2018 annual report that one company encompassed more than 10% of Group&rsquo s revenue. How much beyond 10% is up for dispute with the street speculating anywhere from low teens to approx. 30% of Group&rsquo s revenue.
tongphlp ( Date: 30-Nov-2021 06:29) Posted:
FOOD & BEVERAGE
Philip Morris International meets with FDA to make its case for Iqos in patent dispute
PUBLISHED MON, NOV 8 20216:16 PM ESTUPDATED WED, NOV 10 20212:43 PM EST
SHAREShare Article via FacebookShare Article via TwitterShare Article via LinkedIn
The meeting with regulators is the latest development in a patent dispute with rival R.J. Reynolds, a subsidiary of British American Tobacco. In late September, the ITC ruled that the Iqos device infringed on two of Reynolds&rsquo patents. The Biden administration is conducting a 60-day administrative review until Nov. 29 to decide if the sale and import of the cigarette alternative will be banned.
https://www.cnbc.com/2021/11/08/philip-morris-international-meets-with-fda-to-make-its-case-for-iqos-in-patent-dispute.html
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