Special Situation stocks

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3 years 7 months ago - 3 years 7 months ago #25573 by Joes
Replied by Joes on topic Special Situation stocks
BLACKGOLD NATURAL RESOURCES (1.4 cents) --- still waiting for possible transaction.
Update: links.sgx.com/FileOpen/BGNR%20Announceme...cement&FileID=642484




By way of an update to shareholders, the due diligence by the S Lad Group is still ongoing. The Company understands from S Lad Group that, as at the time of this announcement, S Lad Group is still contemplating the Possible Transaction, including the potential implementation of the Possible Transaction by way of a general offer for shares of the Company.

As at the time of this announcement, no definitive agreements have been entered into in relation to the Possible Transaction and, save for the LOI, no definitive proposal, or the like, has been received by the
Company in relation to the Possible Transaction. There is no certainty that the Possible Transaction will be consummated in the manner as contemplated under the Possible Transaction, in such
other manner, or at all.
Last edit: 3 years 7 months ago by Joes.

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3 years 1 month ago - 3 years 1 month ago #25763 by BNN
Replied by BNN on topic Special Situation stocks
Container shipping rates are booming. Beneficiaries are Uni-Asia and Samudera Shipping.
Check out the stock charts, the stocks should still have upside come 1H2021 results.  DYOR





 
Last edit: 3 years 1 month ago by BNN.

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3 years 1 month ago #25769 by BNN
Replied by BNN on topic Special Situation stocks


assuming S$23 million profit a quarter for Samudera, it's $92 million this year, a record!
PE only 2X. 
Hope  they give a bumper dividend. 

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3 years 1 month ago - 3 years 3 weeks ago #25782 by Joes
Replied by Joes on topic Special Situation stocks
Tuan Sing ++++ today. Greatly undervalued :   YANGZIJIANG, TUAN SING, WILMAR, COMFORTDELGRO: Spin-offs in the making?
Last edit: 3 years 3 weeks ago by Joes.

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3 years 3 weeks ago #25794 by Joes
Replied by Joes on topic Special Situation stocks
Tuan Sing's divestment of partial stake in Gultech Jiangsu is expected to take place by 31 July 2021
Probably will give the stock price an uplift from present 51 cents.
next, IPO managers will work furiously to launch IPO. Valuation of IPO will provide next leg up for Tuan Sing price. good luck and dyodd

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2 years 11 months ago - 2 years 11 months ago #25856 by yeng
Replied by yeng on topic Special Situation stocks
Rights issues often give rise to special opportunities as stock prices get depressed.
King Wan Corp share price is down to 2.2 cents, while its NAV is 16.93 cents. What a crazy discount!!!

No doubt King Wan is facing challenges in the M&E sector but this is crazy discount and the sector is returning to normal gradually.

The exercise price for the rights is 2 cents. The Chua family has undertaken to subscribe for 145 m shares, their entitlement. If excess are available, they have  undertaken to subscribe for up to 145 m. In total, they will fork out up to $5.8 million.!!!

links.sgx.com/FileOpen/King%20Wan_Update...cement&FileID=661696

Shareholders who hold the rights shares hopefully will subscribe. And hopefully the market will re-rate King Wan stock to much higher than 2.2 cents. 
 
Last edit: 2 years 11 months ago by yeng.

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