Artivision - cheong!

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12 years 8 months ago #8182 by Joes
Replied by Joes on topic Re:Artivision - cheong!
There is something concrete:
Feb 5 announcement: 

The Board of Directors of Artivision Technologies Ltd (“Artivision”) is pleased to announce that its wholly-owned subsidiary, ArtiMedia Pte Ltd (“Artimedia”), has entered into an exclusive non-binding Memorandum of Understanding (“MOU”) with Intel Corporation Inc. (“Intel”), the world’s largest microchip manufacturer, on 1 February 2012 (“MOU Date”).

Under the MOU, Artimedia will incorporate its front-end in-video advertising platform and back-end advertisement serving technology into Intel’s Software Development Kit or SDK that has Intel’s “Wi-Fi Direct” technology. “Wi-Fi Direct” technology enables mobile and other devices to connect directly with each other and to transfer and share content, including images, pictures and videos. The MOU will automatically expire upon the lapse of four (4) months from the MOU Date, unless extended mutually in writing.

info.sgx.com/webcoranncatth.nsf/VwAttach...ment.pdf?openelement

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12 years 8 months ago - 12 years 8 months ago #8240 by yeng
Replied by yeng on topic Re:Re:Artivision - cheong!
Surrender! This stock got Big Supporter called Ching Chiat Kwong  -- chairman of Oxley. He had 25m shares of Arti, then the other day added 1.5 m to become Substantial Shareholder. Crossed 5% liao.

info.sgx.com/webcorannc.nsf/Announcement...0221771?opendocument
[hr]
[yeh 21-06-2011]:

+2 cents, at 22 cents now. This stock got liao, or it would have evaporated. Not my kind of stock, tho, as it is too speculative
Last edit: 12 years 8 months ago by yeng.

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12 years 8 months ago #8244 by yeng
Replied by yeng on topic Re:Artivision - cheong!
Artivision 3Q result is just out : Revenue S$49,000. 9M revenue was $197K, which gives it the dubious distinction of achieving probably the lowest corporate revenue in the history of Singapore Exchange.

Yet the market has given it a stock value of S$142 million. What will the future bring that can justify its S$142 million  market cap?

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12 years 8 months ago #8277 by yeng
Replied by yeng on topic Re:Artivision - cheong!
Ah Ching is continuing to fall in luv with Arti, buying 1.512 m shares last Friday.

info.sgx.com/webcorannc.nsf/Announcement...0090819?opendocument

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12 years 8 months ago - 12 years 8 months ago #8287 by yeng
Replied by yeng on topic Re:Artivision - cheong!
AhChing's motto must be "Once I start, I cannot stop".
He struck again in the market, buying 271,000 shares yesterday.

info.sgx.com/webcorannc.nsf/Announcement...00ADCE0?opendocument

I am sure he couldn't stop buying today either, as the stock price has shot up to 31 cents. 
Last edit: 12 years 8 months ago by yeng.

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12 years 5 months ago #9334 by pine
Replied by pine on topic Re:Artivision - cheong!
Artivision FY2012 results do not show any significant increase in its business fundamentals. Still loss making. Balance sheet looking a lot prettier because of support from Mr Ching of Oxley, who took up convertible bonds for $5 million.

There seems to be a good supply of funds to keep Artivision going:

1. Additional shareholder’s loan from the substantial shareholder, Algotech Holding Ltd, of S$0.75 million,

2. Exercise of share options of S$1.84 million and

4. Net proceeds from share placement of S$2.48 million.

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