Hi all, Does anyone have comments for Goodpack, which is relatively unnoticed? I noticed this company and it\'s unique business plan/model. Appreciate any comments
did some reading - appears that its a strong business model. and it\'s still growing nicely as the company seeks new cargo to transport. seems like their containers are versatile, and there are lots of conventional packings that can be replaced by goodpack\'s.
www.nextinsight.net/content/view/1464/60/
the only reservation people hv is that the stock\'s valuation is not dirt cheap. hah! for those looking for multi baggers, there are other gems to pick up - such as sinotel and techcomp, and best world. goodpack shld be a good stock for safekeeping for a while - hjust my humble opinion. am happy if u disagree with good reasons.
Further to research, i guess the main reason is that there are a couple of funds holding this company, (i think is 2 big funds holding ard 7% each). Somemore Wong NL is a big shareholder of this company. They recently want to diversify into different revenue streams instead of concentrating on rub
Further to research, i guess the main reason is that there are a couple of funds holding this company, (i think is 2 big funds holding ard 7% each). Somemore Wong NL is a big shareholder of this company. They recently want to diversify into different revenue streams instead of concentrating on rubber only, lucky not business. Guess risk is the execution part and of course funds dumping this stock... not vested (yet):blink:
Fantastic business now for sale. Who's buying?
If not Brambles, maybe some Chinese tycoon>?
SYDNEY--Brambles Ltd. (BXB.AU) said Thursday it had recently approached Singapore's Goodpack Ltd. (G05.SG) about making a possible takeover bid for the packaging company.
Brambles confirmed it had approached Goodpack on several occasions, including in the recent past.
"However, these discussions did not progress and Brambles is not currently in active discussions with Goodpack," the company said.
Brambles said it would continue to "monitor the situation," without elaborating.
Goodpack Limited (the “Company”) notes that Reuters has issued an article entitled “Blackstone,
Carlyle move in on Singapore’s Goodpack” (the “Article”) on 3 April 2014.
The Company does not wish to comment on the matters speculated in the Article. However, the
Company refers to its announcement dated 19 March 2014 in which it informed shareholders that
the Company has been approached by parties in connection with a possible transaction, which
may or may not lead to an offer for the shares of the Company. The discussions with these parties
are still on-going and there is no certainty whatsoever that these discussions will result in any
transaction.
The Company will, in compliance with the applicable rules (including the Corporate Disclosure
Policy of the Listing Manual of the Singapore Exchange Securities Trading Limited), make further
announcements in the event there are any material developments.
The Company wishes to advise the shareholders of the Company to take note of the above and
refrain from taking any action in respect of their shares in the Company which may be prejudicial to
their interests.
