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Adv Hldg

May be it was helped by the report from CIMB with TP of 0.52

http://www.remisiers.org/research//Advanced-130508%20OP%20cimb.pdf 

 

Now inching up ! S$0.30 ..

 

ADVANCED HOLDINGS ACHIEVES MORE THAN 3-FOLD JUMP IN
TURNOVER TO S$22.9 MILLION FOR FIRST QUARTER OF FY2008


Dividend
(a) Current Financial Period Reported On
Any dividend declared for the current financial period reported on? Yes
Name of Dividend: Interim
Dividend Type: Cash
Dividend Amount per Share (in cents): 0.35 cents per ordinary share (one-tier tax exempt)


 

Walau, not malu one, S$0.0035 as dividends, so miserable !

 

For the pass 2 weeks, the highest price is block at 28 cents. Hope and look forward it can break through the strong ceiling resistance point at 28 cents before it can move up and Advance.

 

 

Living in a world of its own...

When the market is moving, including the Pennys and the Loosers this one looks like still in a coma.

Wonder when this tortoise is going to move ???

 

did anyone go for AGM? any interesting events?

 

 

It is interesting to note in the latest Annual Report of Advanced Holdings that a certain Mr Tommie G is now listed as one of the 20 largest shareholders in the Company.

Mr G has a fairly good track record as a valued investor and is certainly a welcome addition to the list.

Let's hope that his participation in Advanced Holdings will create more interest in the counter.

 

today.. read their sgx announcement:

 

ADVANCED HOLDINGS LTD.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 200401856N)
NOTICE OF ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of the Company will be held at 29 Senoko South Road Singapore 758083
on Friday, 25 April 2008 at 2 p.m. to transact the following business:
ORDINARY BUSINESS

 

hi, when is the AGM? has anyone received the voting forms? getting quite sian of this counter, think i will vote against share mandate since it is not being used...

 

HuatAh! + Advanced Investors

Below please see an extract of the announcement on the Use of Proceeds from the Placement Excercise.

At least we know that the placement money raised was for a good purpose (and not to settle loans / debts).  I guess they are working on some projects and that the relevant announcement / investments will be made known at the appropriate time.  The placees are probably Funds or high net-worth individuals who know the potential of the Company's business when they subscribe to the placement shares.  These are people with good holding power... but as you rightly pointed out, are now sitting on hefty losses.  I am sure that they, like us, would also like to see a return on their investments and an upward movement of Avanced's share price.  It has been a laggard for far too long.  Time to wake up.

Use of Proceeds from the Placement

The estimated net proceeds ("Net Proceeds") from the placement (after deducting the estimated expenses) of approximately S$ 26.7 million (assuming that all 51,700,000 Placement Shares are subscribed at S$ 0.5363 per Placement Share) will be utilised by the Company and its subsidiaries (the "Group") for the following purposes :

(a) approximately S$ 20 million to be utilised for strategic investments, acquisitions, alliances, joint ventures and / or expansion of business and

(b) the balance of the proceeds will be utilised for general corporate working purposes.

HuatAh!      ( Date: 14-Apr-2008 20:53) Posted: What I am curious about is what has been done with the $26.7 million raised via the placement of 51.7m shares at $0.5363? The placees must be sitting on pretty hefty losses. Well, I am just going to hold on in the meantime and wait for my dividend. Selling now does not make sense as I feel it is definitely undervalued at current prices.

 

I am also holding my price at 40 lots S$0.365 and 30 lots at S$0.275 ! Good Luck.

 

This counter good now?

 

What I am curious about is what has been done with the $26.7 million raised via the placement of 51.7m shares at $0.5363?

The placees must be sitting on pretty hefty losses. Well, I am just going to hold on in the meantime and wait for my dividend.

Selling now does not make sense as I feel it is definitely undervalued at current prices.

 

One must ask carefully, the share buy-back : is this done at company level or directors level ?

The last round is company level.

Aug 2007, there is another round but by director level.

1) When at director level, it can be show of confident or  if accumulated too much, one must also be careful, it could be possible of chances of delisting. Usually delist at a lower price and towards their advantages or worst lower than IPO price. (Good example: Asiaone.com and recently KXD, but lucky it failed).2) As for company level buy back, then the share is all stagnant, in this case this is the one !

 

Advanced Holdings is definitely one of the most frustrating stocks to hold in the SGX.

Despite good results, good fundamentals, good prospects and a decent dividend payment, its share price has remain stagnant for months. 

There dosen't seem to be any interest in the Company at the moment as the daily trading volume is very thin, averaging less than 500 lots on most days. 

For its long suffering investors, yours truely included, there is not much we can do about it except to wait for the Company's good fundamentals and potentials to get noticed by the Fund Managers / Retail Investors.

It is disappointing to note, though, that the Management has not been proactive / supportive where the share price is concerned.  Advanced's share price which is already grossly undervalued at current levels, had been allowed to drop to S$ 0.25c as recently as a month ago.   With such a low daily trading volume, it should not be a problem for the Management to show support and confidence in the Company by doing a share buy-back when the price falls below S$ 0.28c.  What is the point of asking for a mandate to do a share buy-back when they are not doing anything about it at crucial times like these ??  The last time they did a share buy-back was in December 2007 at S$ 0.35 - 36c.  Totally, they have done a share buy-back of just 2.5 million shares over 4 transactions when they are entitled to buy-back upto 30 mil shares from the market.

I think the failure by Advanced's Management on this important issue should be brought up at the coming AGM.   If they are not able to give a good answer / explaination on it, then fellow investors should vote gainst their request to renew the share buy-back mandate for the coming year. 

In reality, we are not likely to succeed with our limited number of votes but we should at least show our disappointment and put it on record so that they will not take us / things for granted in the future.

 

 

NOTICE IS HEREBY GIVEN that subject to the approval granted at the annual
general meeting of the Company to be convened on 25 April 2008 for the payment of
a final one-tier tax exempt dividend of 0.75 cents per ordinary share in respect of the
financial year ended 31 December 2007, the Transfer Books and the Register of
Members of Advanced Holdings Ltd. (the ?Company?) will be closed from 5 p.m. on
30 April 2008, for the purpose of determining the shareholders? entitlements to the
final one-tier tax exempt dividend of 0.75 cents per ordinary share for the financial
year ended 31 December 2007.
Duly completed registrable transfers in respect of shares in the Company received by
the close of business at 5 p.m. on 30 April 2008 by the Company?s Share Registrar,
Tricor Barbinder Share Registration Services (A division of Tricor Singapore Pte.
Ltd.), will be registered to determine shareholders? entitlements to such dividend.
Shareholders whose Securities Accounts with The Central Depository (Pte) Limited
are credited with shares in the Company as at 5.00 p.m. on 30 April 2008 will be
entitled to such dividend.
The Dividend will be paid on or about 14 May 2008.
Ong Beng Hong
Company Secretary

 

The Directors are pleased to announce that the Company has today despatched a letter to the shareholders of the Company dated 9 April 2008 (the "Letter") which contains, inter alia, details of the Share Purchase Mandate set out in Resolution 9 to be tabled at the Annual General Meeting of the Company to be held at 29 Senoko South Road Singapore 758083 on Friday, 25 April 2008 at 2 p.m.

The details of the proposed renewal of the Share Purchase Mandate are set out in the Letter, a copy of which is attached to this Announcement.


On behalf of the Board
Wong Kar King
Managing Director

 

 

Today, seems a bit movement !

5IA (AdvaHldg)

SGX

Last retrieved on Friday, 28 Mar, 2008 at 10:32:19 AM

Day High:	0.285	Net Change:	0.010	Total Value:	141,010
Day Low:	0.270	Last Done:	0.285	Volume:	500,000

Time	Last	Volume	Buy/Sell
10:21:03	0.285	30,000	Buy Up
10:09:38	0.285	27,000	Buy Up
10:08:01	0.285	3,000	Sell Down
10:07:33	0.285	7,000	Buy Up
10:05:27	0.285	13,000	Sell Down
10:04:00	0.285	7,000	Buy Up
10:03:17	0.285	36,000	Sell Down
10:02:55	0.285	4,000	Sell Down
10:02:28	0.285	25,000	Buy Up
10:01:11	0.285	10,000	Buy Up
09:59:30	0.285	5,000	Sell Down
09:57:54	0.285	30,000	Sell Down
09:51:32	0.285	10,000	Buy Up
09:49:53	0.285	10,000	Buy Up
09:46:32	0.285	40,000	Buy Up
09:33:03	0.285	10,000	Buy Up
09:31:20	0.280	20,000	Sell Down
09:28:21	0.285	20,000	Buy Up
09:26:16	0.285	10,000	Buy Up
09:24:40	0.280	108,000	Buy Up

 

Very lousy leh, cannot sustain. The share price is going down again. The dividends is also miserable with 1 lots only ???. Very disappointed with this counter !

 

As expected, Advanced Holdings came out with a very good set of results for FY 2007.

With orders-in-hand of more than S$ 70 mil secured for the coming year, it looks likely that FY 2008 will be an even better year for the Company.  

This is especially so as the core of its businesses / developments is in China, the Middle East and the emerging markets of Asia which are not likely to be severely affected by any downturn in the US.

The share price of Advanced Holdings took a beating in the recent market meltdown and has been lackluster of late.

Let us hope that the good results and upbeat forward forecast will bring back some interest / confidence in the Company and that its share price will move up to reflect the real value / potential of the Company.

 

http://listedcompany.com/ir/advanced/newsroom/PressRelease_Final_190208.pdf