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 Holdings4.380-0.030
Avi-Tech Electronics0.295-0.005
Broadway Ind0.153-0.001
China Sunsine0.475-0.005
DISA0.0040.001
Food Empire0.5550.005
Fortress Minerals0.3750.025
Geo Energy Res0.410-0.020
Golden Energy0.5400.010
GSS Energy0.056-
InnoTek0.435-0.005
ISDN Holdings0.505-0.010
ISOTeam0.105-
IX Biopharma0.169-
Jiutian Chemical0.094-0.002
KSH Holdings0.350-
Leader Env0.061-
Medtecs Intl0.186-0.002
Meta Health0.029-
Moya Asia0.062-0.001
Nordic Group0.4250.005
Oxley Holdings0.184-0.002
REX International0.245-0.005
Riverstone0.755-0.050
Sinostar PEC0.220-
Southern Alliance Mining0.6700.030
Straco Corp.0.390-
Sunpower Group0.3850.010
The Trendlines0.0960.002
Totm Technologies0.124-0.002
UG Healthcare0.210-0.010
Uni-Asia Group1.080-
Wilmar Intl4.180-0.020
Yangzijiang Shipbldg0.960-0.015

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