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401-420 of 1070
Gufeng,
Do you think it will hit 0.014 today or recover? Want to re-enter but dunno if kateks will rule today.
Yes, someone did sell short and force to buy back by SGX :
Buying-In Securities on March 11, 2013
HP NAME QUANTITY
Adv Sys 186,667
CITYDEV 1,000
CarrierNet 61,000
ChinaTaisan 65,000
CoscoCorp 2,000
DBS 6,489
DBXT AUDBonds 5AU$ 20
Equation 90,000
Far East HTrust 1,000
Frasers CommCPPU 500 20,000
Fu Yu 2,000
GSH Corp 200,000
GoldenAgr 10,000
Goodland 9,000
ICP 8,000
Innopac 10,000
Interra Res 30,000
JSH 500US$ 500
Jardine C& C 715
K-Green 400
Kep Corp 60,000
KepLand 2,000
Koh Bros 3,000
MDR 250,000
MIDAS 10,000
Ntegrator 50,000
OCBC Bk 95,000
Oceanus 50,000
Popular 35,000
QAF 20,000
RafflesMG 3,000
Rowsley 55,000
SGX 5,000
SIA 2,000
San Teh 40
SingTel 10 25
SunVic 20,000
THBEV 10,000
UETF SSE50China100 3,000
UOB 2,000
UOL 52
WE Hldgs 9,330,000
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=x ok boss! shall see the action in e nx trading day :D
Dont say lah!!...let them buy high later..help to push up price...hahaha
Xiang90 ( Date: 09-Mar-2013 00:02) Posted:
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should buy while its cheap than??? =D
Starter can ba ba liao main course come we all explode ..
gufeng ( Date: 08-Mar-2013 23:11) Posted:
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Bear in mind, this 2 biz is only the starter. The main course not served yet. Huat Ah those vested!
All i know we bet right currently. Mdr is run by a smart smart man.
yes now i see why it's end 2015. thanks. by then mdr could have the cash and not have to issue shares to pay for the acquisition already, since they are issuing shares only in the event of insufficient cash according to the announcement.
I believe payment at end of 2015 because for the 3rd phase Quanli have to ensure min profitability of 15million RMB for 2013-2015. This will ensure they make money and not sell and run off. I think quite common also when company issue right issue, share price will drop a bit. hahaha
Bluemanta ( Date: 08-Mar-2013 22:34) Posted:
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i think the 3rd stage payment should be end of this year. i also feel that the drop in mdr share price these few days seem very contrived, like drop for no reason. maybe it's really intentional in order to complete this deal, so that it is attractive to Quanli? like that also can meh??
Short term - think it will exert some pressure on the share price (becoz fund aquisition)
Mid-long term - think it is going to benefit the share price (becoz both companies making profit which will add to their FY and in particular will be venturing into myanmar with their diversify business.)
Correct if I'm wrong
Mdr should be able to pay cash for this 2 biz..the 3rd phase payment is after 3 years so no worry.
any gurus to help illuminate the implications of the announcement? it seems to me that the acquisitions will potentially increase earnings per share by 50% based on the earnings results of the 2 companies in 2012, despite 2012 being a bad year?
it feels like mdr themselves suppress their share's value to 0.016 to do this deal. o.O is it?
Extracted from the announcement:
Upon satisfaction of all the conditions precedent under the Third Stage, the balance payment of the Consideration (“Last Instalment”) shall be paid in the following manner:-(1) an amount in cash equivalent to the appraised value of the assets and businesses transferred under the Onshore Transfer Agreements (“Last Instalment Cash Amount”) and (2) the remaining amount (being the Consideration less the First Instalment, Second Instalment and the Last Instalment Cash Amount), if any, shall be satisfied by way of the Company issuing ordinary shares in its paid-up capital (“Consideration Shares”) to either Quanli SZ or Quanli HK. The issue price of the Consideration Shares shall be S$0.016, being the volume-weighted average price of the Company’s shares for trades done on the Singapore Exchange Securities Trading Limited (“SGX”) for the full market day immediately prior to the execution of the Framework Agreement. The 6 Consideration Shares shall be issued pursuant to the general share issue mandate of the Company.
this sounds like they are using their current cash first, and only if necessary issue shares at $0.016 to pay up the rest of the acquisition. am i right? will this continue to exert downward pressure on mdr's share price. it's currently at 0.016-0.017 already.
This 2 aquisition will give Mdr at least additonal $3 million profit per year. It is the potential of this 2 biz to be expanded to Singapore and Myanmar market that is mouth watering. More good news will come in.
Mr Philip Eng, Chairman of mDR commented “mDR is entering a new phase of its growth and developments with the acquisitions of these two ongoing and profitable businesses. We are confident that mDR, together with the assistance of the experienced key personnel at Quanli and Pixio, will bring these respective businesses to even greater heights.
They will have easier access to more working capital to expand its operations which is currently small and profitable. For example, Quanli can grow its online business in both China and international markets, and Pixio can extend its range of services in Malaysia and explore operations beyond Malaysia, in particular Singapore and Myanmar.
So my suspicion is correct, the price was pressed down probably due to this. They are paying by issuing shares.
(2) the remaining amount (being the Consideration less the First Instalment, Second Instalment and the Last Instalment Cash Amount), if any, shall be satisfied by way of the Company issuing ordinary shares in its paid-up capital (“Consideration Shares”) to either Quanli SZ or Quanli HK. The issue price of the Consideration Shares shall be S$0.016, being the volume-weighted average price of the Company’s shares for trades done on the Singapore Exchange Securities Trading Limited (“SGX”) for the full market day immediately prior to the execution of the Framework Agreement. The