Special Situation stocks

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07 Sep 2021 09:58 #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?

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07 Sep 2021 10:57 #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?

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07 Sep 2021 13:24 #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.

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10 Sep 2021 13:06 - 10 Sep 2021 13:07 #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: 10 Sep 2021 13:07 by yeng.

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17 Nov 2021 14:14 #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.

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19 Nov 2021 14:57 #25890 by astar
Replied by astar on topic Special Situation stocks
Some upward buying interest today.Hopefully can cross 40c soon

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Share Prices

Counter NameLastChange
AEM Holdings5.130-0.120
Avarga0.265-
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Medtecs Intl0.320-0.010
Moya Asia0.064-
Nordic Group0.390-
Oxley Holdings0.1890.001
REX International0.3000.025
Riverstone0.620-
Sinostar PEC0.295-0.010
Southern Alliance Mining0.720-
Sri Trang Agro1.170-
Straco Corp.0.470-
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Totm Technologies0.205-0.025
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