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This BB don play play.. very agressive de..
eric998 ( Date: 13-Jul-2021 11:47) Posted:
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Bought at 87 :))
At least 84 should be no problem
eric998 ( Date: 13-Jul-2021 11:47) Posted:
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cannot be greedy.. later BBs change direction then profits become loss.. make less better than make loss..
easywin ( Date: 13-Jul-2021 11:45) Posted:
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Can cover at next support level at 82
sellers can slowly cover back at 84/85/86.. nice profits..
1-2 more sessions to go down to 80s.. BBs still around? many contras looking at cutting loss.. hope BBs kind to aborb some.. trade with care..
Big gap up at opening tend to invite more short sellers so sell first cannot be wrong .
So lucky bro. I didn' t exit at opening but still managed to earn some kopi money 
Mercurius' expansion plan sounds too unrealistic for a new business that has limited / no significance in the grocery supply chain. Songmart only operate mini-marts and convenience stores today... and a premium supermarket which I doubt can generate much revenue in this economy. Even big grocery players such as Dairy Farm that operate the premium supermarkets (i.e. Cold Storage) in Singapore also finding ways to slash price and survive in this industry.
Mercurius' expansion plan sounds too unrealistic for a new business that has limited / no significance in the grocery supply chain. Songmart only operate mini-marts and convenience stores today... and a premium supermarket which I doubt can generate much revenue in this economy. Even big grocery players such as Dairy Farm that operate the premium supermarkets (i.e. Cold Storage) in Singapore also finding ways to slash price and survive in this industry.
easywin ( Date: 13-Jul-2021 09:16) Posted:
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Yup..
Now seem collecting back at 92 94 zone...
Now seem collecting back at 92 94 zone...
easywin ( Date: 13-Jul-2021 09:16) Posted:
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Mercurius diversifies into grocery business, aims to open over 500 stores across region
CATALIST-LISTED Mercurius Capital Investment is diversifying into the grocery business, and the company' s ambition is to grow into a network of over 500 stores across the region over the next three years.
In an interview with The Business Times on Monday, Mercurius chairman and chief executive officer Chang Wei Lu said in Mandarin that amid the Covid-19 pandemic, it was decided that the grocery business was an essential service with huge demand.
" It' s an opportunity to go into a business that is sustainable in the long run, and provides that actual cash flow for us also," he added.
The investment holding company entered into an agreement on Monday to acquire Songmart Holdings for an aggregate consideration of S$36 million. This follows a term sheet signed in April for the proposed acquisition.
The target group is principally engaged in the business of trading of foodstuff, groceries, sundry goods and daily necessities, as well as the operation of 12 mini-marts and convenience stores under the Songmart brand, and a premium supermarket under the Granville brand in Malaysia.
Mr Chang said the company is " laser-focused" on growing its key market of Malaysia, and plans to " aggressively expand" the store network in the next few years. Beyond Malaysia, Mercurius is also planning to open Songmart and Granville stores in Singapore, Indonesia, Thailand and Vietnam and is planning to develop an online platform to complement their physical store strategy.
" Given the huge size of these markets, we have the ambition of becoming a 500-store group and ecosystem," Mr Chang said, adding that the company expects to fund the expansion via placements of around S$100 million as well as through bank borrowings.
This is not the first time that Mercurius is diversifying its business into new segments. In 2017, shareholders had given approval for the company to diversify into its current focus - property development and investment. Previously, Mercurius - whose former names include CCFH and Friven & Co - had businesses in children' s fashion, as well as bedding and bed linen.
Mr Chang, who is also the largest shareholder in Mercurius, said the company had been identifying suitable segments to enter in order to provide good returns for investors, but plans to expand into the Thai tourism sector - with developments of Sheraton and Club Med resorts in Phuket and Krabi - had been impacted by the Covid-19 pandemic.
Mercurius had said previously that negotiations with potential financial institutions to secure a construction loan for development of its property joint venture project, Sheraton Phuket Grand Bay Resort, are still on hold.
Even so, Mercurius plans to continue with its property business.
" Our property business is still our mainstay. To continue it, it' s something that we want to push for," Mr Chang said, adding that the grocery business line would enable it to generate regular income while retaining the potential to get into the property and resort business when the time comes.
For FY2020, Mercurius reported no revenue and a net loss of S$2 million with net current liabilities of S$4.2 million. Its independent auditor' s report contained a disclaimer of opinion, with the auditors highlighting losses and liabilities that cast doubt on the group' s ability to continue as a going concern.
Mercurius expects the proposed acquisition of the grocery business to improve its financial standing.
The proposed acquisition will be satisfied with the allotment and issuance of 200 million new ordinary shares at S$0.18 per share over three equal tranches. The second and final tranches will be issued following the receipt of Songmart Holdings audited accounts in FY2022 and FY2023 respectively, and are subject to adjustments in the event certain profit targets are not met.
The total shares being issued for the proposed acquisition represent around 15.1 per cent of the existing issued share capital of Mercurius as of Monday.
The target group recorded profit before tax of around RM9.4 million (S$3 million), based on the unaudited pro forma financial statements for the financial year ended Dec 31, 2020. On a pro forma basis, Mercurius' earnings per share for FY2020 would be 0.73 Singapore cent after the proposed acquisition, compared to a 0.15 cent loss before, while net tangible assets per share after the proposed acquisition would increase to 0.58 cent compared against 0.32 cent.
The proposed acquisition is expected to be completed in the next five to six months, and is subject to certain conditions. These include completion of due diligence, and approval of Mercurius' shareholders for the proposed business diversification at an upcoming extraordinary general meeting.
Lucky sold at opening, down all the way now.
Damn lucky sell fast haha
Going long term on penny is like holding a time bomb. Too many penny suspension due to poor corporate governance recently. I exited too, stay at sideline to watch first. Stock market has no lack of money making opportunities..
alexwong ( Date: 13-Jul-2021 09:00) Posted:
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Hahaha yeah, but buy Malaysia and Thai already have big grocery players like Tesco and Singaporean' s favourite Big C.. We shall see.. Wouldn' t be easy to gain market penetration.. My EP is low, will monitor first.
alexwong ( Date: 13-Jul-2021 08:55) Posted:
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I'm not a long term investors also.. stunk by this when this was friven &co . Got money earn I sell
True . But Malaysia/Thai/vietnam Vs Singapore.. cannot compare.. Singaporean go JB for grocery.. no Malaysian come over buy hahaha
My fear is they are over valuing their stocks and this becomes another pump and dump scheme. If grocery business is still so lucrative, Sheng Siong stock price would have rocketed instead of staying at 1.5X range for so long..
ody2004 ( Date: 13-Jul-2021 08:44) Posted:
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Ya! I oso don understand.. they using the " future" price of the share to pay for the purchase? so today price is dirt cheap?
alexwong ( Date: 13-Jul-2021 08:26) Posted:
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Can enlighten me the meaning of issue news shares for payment at 18 cents per share?