ISDN Holdings *Official* (SGX:I07)

[ccostagmont]

tyre panchek so fast.

 

[ccostagmont]

wah... got up a bit a bit...

 

[Android user]

wah... got up a bit a bit...

EGM coming

 

[Perisher]

oh no, missed this thick circular,
http://infopub.sgx.com/FileOpen/ISDN-Circular.ashx?App=Announcement&FileID=430484
haven't read what it is about and saw the date is already over... dec 14...

Anyone has already read and see what this is about?

Specifically this part.
(1) THE PROPOSED OFFERING (THE “OFFERING”) IN HONG KONG OF UP TO 40,000,000 NEW
SHARES (AS DEFINED HEREIN) FOR SUBSCRIPTION AT THE OFFER PRICE (AS DEFINED
HEREIN), TO BE CARRIED OUT IN CONJUNCTION WITH THE PROPOSED SEHK LISTING (AS
DEFINED HEREIN)

 

[Weaboo]

Knn, this one ipo in hkex faster than sink grandness?

 

[ccostagmont]

Bullsh!t one la....
Dis type shady company cannot be trusted one....

Sent from Xiaomi REDMI NOTE 3 using GAGT

 

[Perisher]

Knn, this one ipo in hkex faster than sink grandness?

Ya lor. jin fast but don't really understand the circular... and it's thick.
Not sure the dual listing will shareholders here get to hold IPO shares or what?

 

[Average]

ipo on hk liao, sgx shareholders can huat?

Sent from 穷小子 using GAGT

 

[Perisher]

ipo on hk liao, sgx shareholders can huat?

Sent from 穷小子 using GAGT

That's the part I did like to know.

 

[Weaboo]

sure huat 1. but this one is dual listing not spin off or anything so maybe huat less (or more?)

 

[Perisher]

sure huat 1. but this one is dual listing not spin off or anything so maybe huat less (or more?)

Problem is dunno will I get shares for the HK listing.

 

[Perisher]

u didn't receive the circular?

Received but was at the back of my mind as I just came back from a month long holiday. By the time I check it out yesterday, everything is over.

 

[Perisher]

Thought my eyes play trick on me, ISDN is moving up again.

 

[ccostagmont]

Thought my eyes play trick on me, ISDN is moving up again.

behkan stock laide...

 

[Perisher]

behkan stock laide...

Ok lar, better than some of my other counters

 

[ccostagmont]

220 become 230, back to 225.

can tell the company to delist sua...

waste everyone's time...

 

[ccostagmont]

ANYONE VESTED HERE???

GOT TARGET PRICE MAH???

 

[ccostagmont]

mod., please review this counter.
got chance to hit $1.68?

 

[Perisher]

Went to dig it's history to see why it plunge from $1.40 to 0.40c
https://www.nextinsight.net/story-a...sdn-boss-buys-shares-after-stock-price-plunge

ISDN HOLDINGS had a most remarkable run when it rocketed from 11.5 cents at the start of 2013 to $1.40 by June of the year.

In other words, it was a 12-bagger in just six months.

But whatever fuel it was that fired the stock up has since been spent, and the stock trades at a level closer to earth -- it was 39.5 cents recently.

The company's financial results have done little to justify the stock being at those elevated levels.

* FY2013 revenue grew 7.4% to $164.9 million but earnings weakened 12.7% to $6.4 million.

* For 1QFY2014, revenue rose by 26.6% to $39.1 million but earnings slumped 45% to $0.6 million.

Still, ISDN's managing director Teo Cher Koon decided the future of his business was worth buying into at the recent stock price levels.

Thus, on May 23, he scooped up 240,000 shares (at 39.29 cents apiece), adding to his May 14 purchase of 400,000 shares (at 41 cents apiece).

He owns 128.5 million shares, via his wholly-owned vehicle Assetraise Holdings, or a 35.71% stake in ISDN.

ISDN's business: It provides a wide range of engineering services including motion control, industrial computing solutions and other engineering solutions, mainly to customers who are manufacturers and original design manufacturers of products and equipment that have specialized requirements in precision controls.

ISDN is diversifying largely into the energy sector.

Its investments in the coal and hydropower sectors have achieved notable milestones, it said in its recent 1Q results press release.

It cited the start of construction work at a mini-hydropower plant in North Sumatra while in 3Q, a Memorandum of Agreement with Myanmar’s Ministry of Energy and Power is expected to be signed for ISDN's planned 540 megawatt coal-fired power plant in north-west Myanmar.

ISDN has articulated outlines of its plans for these businesses.

In October 2013, Mr Teo said: “In total, we expect both our coal and hydropower ventures to require a capital injection of approximately $150 million from the Group. From our recent issuance of warrants, we expect a cash inflow of approximately SGD $111 million if these warrants are exercised within five years, up till 2018.

 

[Perisher]

Need to dig how much he owns now and at what price. But at least back then he bought it at 40c, so no 40c, no sell?