Jaya Holding

Yes target Min $1 for Jaya
[hr]
[Jay 05-12-2012]:

Patience is key here. Reward will be sweet. The fund manager knows this. Target S$1.00

The Board is pleased to announce that the term loan and revolving credit facility of up to US$150 million that the Group successfully secured on 7 November 2012, has been utilised by the Group to repay in full and refinance all the Secured Liabilities.

..........the respective Schemes upon repayment of all the Secured Liabilities. The Scheme is henceforth terminated and the Group is now free from all restrictions imposed by the Schemes.

Investors have responded positively and significantly to the announcement!
Stock has touched 57 cents now, +1.5 cents on decent volume.

Did some googling and found an article in which Kevin Scully said: "The shares are now set to resume a steady recovery to match that of its peer group.  Retain in my Stock Picks - if you don't own the stock, its time to accumulate below the $0.60 level."
JAYA HOLDINGS: Strong 1Q results, more good news to come?

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DBS reinitiate Jaya Holding coverage with Buy call at TP 85cents.
Anyone got the detail coverage?