Special Situation stocks

More
2 years 10 months ago #25866 by yeng
Replied by yeng on topic Special Situation stocks
King Wan has surged to 9 cents !
who's laughing all the way to the bank?

Please Log in or Create an account to join the conversation.

More
2 years 10 months ago #25867 by hh488
Replied by hh488 on topic Special Situation stocks
But the result of the right issue still unknown. Closing date for payment was 31 August. Why take so long to allocate the issue? Maybe SS deciding whether to allocate more to themselves?

Please Log in or Create an account to join the conversation.

More
2 years 10 months ago #25868 by yeng
Replied by yeng on topic Special Situation stocks
links.sgx.com/FileOpen/King%20Wan_Offer%...cement&FileID=678522

see pg 22 of above link for dates.

7 Sept: Issue of rights shares
8 Sept: Crediting of rights shares
8 Sept: Start of trading of rights shares.

Please Log in or Create an account to join the conversation.

More
2 years 10 months ago - 2 years 10 months ago #25869 by yeng
Replied by yeng on topic Special Situation stocks
King Wan holds 112.3 m shares of Kaset Thai, currently valued at SGD23 million. Stock price: 5.05 baht

Compare that with market cap of King Wan of ard SGD 43 million , post-rights issue.

King Wan has exposure to booming bulk carrier biz but it's only a 30% stake in a single ship .
Last edit: 2 years 10 months ago by yeng.

Please Log in or Create an account to join the conversation.

More
2 years 7 months ago #25888 by BNN
Replied by BNN on topic Special Situation stocks
1. Nordic Group has launched takeover offer of Starburst.

2. Nordic is trading at about 10X PE 2021, while Starburst, 4xPE 2021. (based on annualised profits). 

3. Nordic (36.5 cents) has similar half year earnings as Starburst: circa $7-8 million.

4. Assuming Nordics is able to delist Starburst, Nordics' earnings will double w/o further issuance of shares.

5.  At this time, Nordic has acquired 70% of Starburst. This is significant enough. 
6. Nordic, in simple terms, has bought substantial earnings at a cheap price, and its stock should trade closer to 50 cents, imo.

Please Log in or Create an account to join the conversation.

More
2 years 7 months ago #25890 by astar
Replied by astar on topic Special Situation stocks
Some upward buying interest today.Hopefully can cross 40c soon

Please Log in or Create an account to join the conversation.

Time to create page: 0.274 seconds
Powered by Kunena Forum
 

We have 2142 guests and no members online

rss_2 NextInsight - Latest News