Gems TV   

Gems TV Holding

 

  PUBLISHED NOVEMBER 01, 2013

GEMS TV Holdings Limited, which has been on SGX Watch-List, said on Friday that it has entered into a S$571.38 million reverse takeover (RTO), which will transform the company into a trader of basmati and non-basmati varieties of rice, cocoa beans, soya beans, cloves and other agricultural products.

The conditional business sale and purchase agreement was entered with an international commodities trading company incorporated in the Dubai Multi Commodities Centre (DMCC). It is also subsidiary of Delhi-based REI Agro Limited, a public company listed on the NationalStock Exchange of India and the Bombay Stock Exchange.

Under the plan, the new business will be injected into a subsidiary to be incorporated in the United Arab Emirates (UAE).

" The proposed acquisition is expected to give the company a new lease of life and support the company's application to the SGXST for the removal from the SGX-ST's Watch-List,'' Gems TV's board said. 


01-Nov-2013 07:43:51 

1) THE PROPOSED ACQUISITION BY GEMS TV HOLDINGS LIMITED (THE COMPANY) OF THE VENDOR BUSINESS (AS DEFINED BELOW) FROM AMMALAY COMMODITIESS JLT (THE VENDOR), AS A GOING CONCERN (THE PROPOSED ACQUISITION) AND

(2) THE PROPOSED DISPOSAL BY THE COMPANY OF ITS ENTIRE BUSINESS TO MOUNTING HOLDINGS LIMITED (THE PURCHASING SHAREHOLDER) (THE PROPOSED DISPOSAL) 

http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementToday& F=1020661#.UnN56vlTSSo 

 

 

 

after they delist,how much would you think that shareholder will get back how much.

 

Sgd. 0.005 is possible too!

bigman88      ( Date: 13-Mar-2013 09:59) Posted: Opps!  see wrongly.  Should be 0.05c.   bigman88      ( Date: 13-Mar-2013 09:45) Posted: This Gem is coming back.  Analyst said it will come back to 0.10c.  Anyone have comments?

 

Opps!  see wrongly.  Should be 0.05c.  

bigman88      ( Date: 13-Mar-2013 09:45) Posted: This Gem is coming back.  Analyst said it will come back to 0.10c.  Anyone have comments?

 

This Gem is coming back.  Analyst said it will come back to 0.10c.  Anyone have comments?

 

0.95cents/0.035=27% return is a good return. divided pay in 15nov2012

erickkw      ( Date: 26-Aug-2012 00:13) Posted: merlin_magic      ( Date: 24-Aug-2012 15:16) Posted: Bought at 0.035 cents today and sold at 0.036 cents....

 

merlin_magic      ( Date: 24-Aug-2012 15:16) Posted: Bought at 0.035 cents today and sold at 0.036 cents....

 

Bought at 0.035 cents today and sold at 0.036 cents....

 

Is it worth buying.

 

Vol abit increase this 2 days and price look like pushing up..any news ?

 

Same as MDR, all under the same umbrella !

 

 

 

SINGAPOE - Gems TV Holdings Limited said on Thursday that its subsidiary, Gems TV (USA) Limited, has received notification of a temporary injunction filed by DirecTV, Inc, before the United States District Court (Central District of California).

 

Its subsidiary also got a related order entered by the US Court restraining Gems USA from any action that will leave Gems USA with less than US$25 million in actual money or assets until further order of the US Court.

Gems USA believes that the DirecTV claims are without merit and intends to contest them.

Earlier this month, Gems TV Holdings announced that, after due consideration, it has decided to cease operations of Gems TV USA Limited as the latter was unable to achieve sufficient operational and economic scale in the US market due to the challenging economic environment for the duration of its operations.

The company had said the board would be evaluating various possible options to determine an appropriate exit strategy from the US market and to extract maximum value for its shareholders. In this regard, the board would consider all reasonable options, including but not limited to the voluntary winding-up of GemsTV USA and/or a sale of the assets of GemsTV USA.

 

This counter has been down since the day it was >$1 b4 the financial crisis.Will it go back to its glory days ????  

investment      ( Date: 21-Mar-2010 17:08) Posted: This Gems Tv might have to wait years to come to see the result,im still holding  my 50 lots as i hope that it will become the second osim like 0.05 to above 80cents now.

 

This Gems Tv might have to wait years to come to see the result,im still holding  my 50 lots as i hope that it will become the second osim like 0.05 to above 80cents now.

 

My entry target price of 0.05 remains unchanged with a proviso to go in again if it dips further :). I like companies with no debt. Speculation is that Britain's GDP will be as bad as Greece's and Gems TV's US market demand doesn't seem to be picking up much either. It's hanging on based on its Japan mkt but it'll be another year before demand for luxuries picks up - plenty of time to wait to go in. Cheers.

investment      ( Date: 19-Feb-2010 17:58) Posted: UK retail sales tumble in January snow The Office for National Statistics said sales volumes, based on new methodology that includes automotive fuel, fell 1.8 per cent on the month in January, more than three times faster than analysts' forecasts and the biggest monthly fall since June 2008. On the year, sales were up 0.9 per cent. Excluding fuel, sales tumbled 1.2 per cent on the month and were up 2.6 per cent on the year. The figures underline the fragility of Britain's recovery from recession and may raise fears the economy could shrink again when first-quarter GDP figures are released. The data will also likely reinforce expectations that interest rates will remain on hold for the most of this year. The ONS said unusually heavy snow at the start of the month pushed down sales of household goods and fuel. Sales of the former fell by 13.4 per cent on the month, the biggest drop since January 1988. Fuel sales fell by 11.1 per cent on the month as motorists stayed at home unable to get out in the snow. Food sales also had a downward impact, falling by 2.4 per cent on the month. But the ONS said the snow boosted sales of clothing.   LONDON - British retail sales fell at their sharpest monthly pace in 1-1/2 years in January as the cold and icy weather pushed down purchases of household goods at the fastest pace since 1988, official figures showed on Friday.

 

The Office for National Statistics said sales volumes, based on new methodology that includes automotive fuel, fell 1.8 per cent on the month in January, more than three times faster than analysts' forecasts and the biggest monthly fall since June 2008. On the year, sales were up 0.9 per cent.

Excluding fuel, sales tumbled 1.2 per cent on the month and were up 2.6 per cent on the year.

The figures underline the fragility of Britain's recovery from recession and may raise fears the economy could shrink again when first-quarter GDP figures are released. The data will also likely reinforce expectations that interest rates will remain on hold for the most of this year.

The ONS said unusually heavy snow at the start of the month pushed down sales of household goods and fuel. Sales of the former fell by 13.4 per cent on the month, the biggest drop since January 1988. Fuel sales fell by 11.1 per cent on the month as motorists stayed at home unable to get out in the snow.

Food sales also had a downward impact, falling by 2.4 per cent on the month.

But the ONS said the snow boosted sales of clothing.

 

LONDON - British retail sales fell at their sharpest monthly pace in 1-1/2 years in January as the cold and icy weather pushed down purchases of household goods at the fastest pace since 1988, official figures showed on Friday.

 

 

IT become worst n worst ,now onlt 0.055.

 

This has been a good speculative stock for me. Bought it when it was 0.02 and sold when it was 0.105. They've embarked on a massive cost cutting regime, esp with the outsourcing of their Thailand operations which were bleeding them. Their Japan mkt is holding its own although their US and UK mkt is being battered. However, with no debts and with the economy in an upturn, it should give good returns once people have enuf spare cash to go back into purchasing jewellery. Only thing I'm uncomfortable with is their marketing model built around selling online and over the air broadcasts. There's a compelling argument against it because people tend to like to buy jewellery after having examined it personally, rather than basing on pictures and video footage only. Will probably take a small risk and go in if the price dips to about 0.05. Just a thought. Cheers.

Hulumas      ( Date: 11-Feb-2010 10:05) Posted: Don't worry in 2011 I start accumulating "BUY" this share as much as I could! viromics      ( Date: 10-Feb-2010 22:51) Posted: Not so bad la, I hold 20K bought @0.59. Look at OSIM up, I dream Gem TV may up one day, leave it to my grandson.

 

Don't worry in 2011 I start accumulating "BUY" this share as much as I could!

viromics      ( Date: 10-Feb-2010 22:51) Posted: Not so bad la, I hold 20K bought @0.59. Look at OSIM up, I dream Gem TV may up one day, leave it to my grandson.

 

Not so bad la, I hold 20K bought @0.59. Look at OSIM up, I dream Gem TV may up one day, leave it to my grandson.