Governance & Transparency Index (GTI) 2014 - What made Auric Pacific the biggest gainer, and Boustead Singapore the biggest loser?
Investor Central
By Nadhirah Anuar | Investor Central – Wed, Aug 20, 2014 4:00 PM SGT

20/8/2014 - The recently released 2014 Governance and Transparency Index (GTI) has seen some huge gainers – but also some big losers.

There were more than one hundred companies which gained more than 100 places, and another 104 companies which lost more than 100 places, in the annual ranking released July 25.

Among the top gainers are Auric Pacific Group Limited, Roxy-Pacific Holdings Limited and QAF Limited.

Meanwhile, among the biggest losers are Boustead Singapore Limited, HG Metal Manufacturing Limited and Cosco Corporation (Singapore) Limited.

The GTI is compiled by NUS Business School and Business Times, and ranks companies based on their annual announcements.

The 2014 statistics are based on the financial year 2013, with annual reports released by 31 May 2014.

Investor Central. We keep your investments honest.

NOTABLE GAINERS

Auric Pacific Group Limited is among the most outstanding gainers.

Its ranking in the GTI surged 255 places to 47th place.

Auric Pacific makes, sells and distributes food and consumer goods under brands such as Delifrance, Sunshine Bread and Food Junction, and operates in Singapore, Malaysia, Hong Kong and China.

It also invests in property and securities.

Notably, its CEO is former SMRT chief Saw Phaik Hwa, who left the public transport company in early 2012 after massive train outages just before Christmas 2011.

Question 1. What corporate governance and transparency initiatives did the former SMRT CEO implement to boost Auric Pacific’s standings in the GTI so dramatically?

Remarkably, Auric Pacific’s gains in the GTI came at a time when it posted a loss in FY13.

The most recent financial statements announced on August 8 – just before the National Day weekend – showed a big decline in Q2 and H1 earnings.

This goes to show that a company can still rank highly in governance and transparency, even when the operating performance is going through a rough patch.

Question 2. How will operating challenges impact Auric Pacific’s governance and transparency initiatives?

In its Q2 financial statements, Auric Pacific said it expects continuing upward pressure on manpower and rental costs.

Even as it promises to manage its business risks and cash flow prudently, and take steps to enhance its operational efficiency, how is it ensuring that it doesn’t slip in the GTI to former levels?

Question 3. Is the stock trading at fair value?

Clearly, every company wishes its stock price was trading higher.

Since Saw Phaik Hwa was appointed at Auric Pacific on April 9, 2012, the stock has risen from 72.5 cents to around S$1.20 – a gain of 65.5%.

But it is still trading below book value of S$1.67.

Is it time for a re-rating of the stock?

Total number of questions in the full story: 8)

We have invited the company to an on-camera interview, and/or to reply to our questions in writing.

At the time of publication we have not received a reply (which is why you are seeing this message).

We will update this report if we do.

Legal notice

While our purpose is to ask the questions which the man on the street would ask, and to help the everyday investor make informed investments, please note that:

Our reports and presentations ('our contents') are not investment advice nor should they be construed as investment advice or any recommendation of any kind; nor meant to cast allegations or insinuations of any kind against any individuals or entities. Before acting on the material in our contents, you should either seek independent advice tailored to your particular circumstances and intentions or rely on your own judgement.

Our reports and presentations express our observations, opinions and theoretical analysis based on the facts that we have gathered or have been provided to us. While we endeavour to ensure that our contents are accurate and are presented in good faith, we cannot and do not warrant the accuracy, adequacy or completeness of the material or that the material is suitable for its intended use; and we disclaim any such warranties express or implied that may be presumed by any party; neither do we take responsibility for the views of companies or other stakeholders or observers or sources quoted or hyperlinked in our contents. While every precaution has been taken in the preparation of our contents, we (and our principals) shall not be liable for any losses or damage or inconveniences due allegedly to errors or omissions in any facts or due allegedly to reliance on our contents in any way whatsoever; nor for any damage to any computer hardware, date information or materials allegedly caused by our contents.

All expressions of opinion and observations in our contents are subject to change without notice and we do not undertake a duty to update and supplem

CEO Goh bought 1,000,000@$0.25 today Aug 14..he is bent on supporting Innovalues



2. Date on which Director/CEO became aware of the acquisition of, or change in, interest
(if different from item 1 above, please specify the date):
14-Aug-2014
Type of securities which are the subject of the transaction (more than one option may be
chosen):
4.
✔ Ordinary voting shares/units of Listed Issuer
Other types of shares/units (excluding ordinary voting shares/units) of Listed Issuer
Rights/Options/Warrants over shares/units of Listed Issuer
Debentures of Listed Issuer
Rights/Options over debentures of Listed Issuer
Contracts over shares of the Listed Issuer which Director/CEO is a party to, or under which he is
entitled to a benefit, being contracts under which any person has a right to call for or to make
delivery of shares in the Listed Issuer
Participatory interests made available by Listed Issuer
Others (please specify):
Explanation (if the date of becoming aware is different from the date of acquisition of, or change
in, interest):
3.
5. Number of shares, units, rights, options, warrants, participatory interests and/or principal
amount/value of debentures or contracts acquired or disposed of by Director/CEO:
1,000,000
6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp
duties):
S$250,000

Pang S.T..OCBC,Philip (T.P 60cts) AM Fraser (67cts) DBS (72cts) in fact b4 xd Valuetronics touched 59cts ..first qtr esults out dividends will be payable 15 Aug..nothing to expect except maybe next year..likley will drop to,50cts

It was artifically pushed up on AGM 22 July from 49-59cts within 3 days b4 it went ex on 25 July I believe will drop tp 45-50cts level

If valuemax gave $0.88 as dividends per 1000 shares verses Innovalue $6 per 1000 shares I think matter of time Innovalue can cross 30cts today closed at 24.5


Securities
Issuer/ Manager VALUEMAX GROUP LIMITED
Security VALUEMAX GROUP LIMITED - SG2G29997704 - T6I
Announcement Details
Announcement Title Mandatory Cash Dividend/ Distribution
Date & Time of Broadcast 14-Aug-2014 14:46:10
Status Replacement
Corporate Action Reference SG140411DVCAFAAZ
Submitted By (Co./ Ind. Name) Lotus Isabella Lim Mei Hua
Designation Company Secretary
Dividend/ Distribution Number Not Applicable
Dividend/ Distribution Type Final
Declared Dividend Rate (Per Share) SGD 0.0088
Event Narrative
Narrative Type Narrative Text
Additional Text The correct dividend per share is S$0.0088
Event Dates
Record Date and Time 07/05/2014 17:00:00
Ex Date 05/05/2014
Dividend Details
Payment Type Tax Exempted (1-tier)
Pay Date 22/05/2014

Will be another Valuetronics..b4 xd soar ?

$6 for every 1000 shares..hope will push up the shares again..exclude extraordinary gains such as insurance credit Innovalue is deemed to have shown increase in net profits for 1H 2014


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 : 0.6 cents per ordinary share
Tax Rate : Tax exempt (One-tier)
(b) Corresponding Period of the Immediately Preceding Financial Year
Any dividend declared for the corresponding period of the immediately preceding financial
year? Yes
Name of Dividend : Interim
Dividend Type : Cash
Dividend Amount per Share : 0.6 cents per ordinary share
Tax Rate : Tax exempt (One-tier)
(c) Date payable
The interim dividend will be paid on 11 September 2014.
(d) Books closure date
Notice is hereby given that the Register of Members and the Transfer Books of the
Company will be closed on 29 August 2014 for the preparation of dividend warrants.
Duly completed registered transfers received by the Company’s Share Registrar, Boardroom
Corporate & Advisory Services Pte. Ltd., 50 Raffles Place, #32-01 Singapore Land Tower,
Singapore 048623 up to close business at 5.00p.m. on 28 August 2014, will be registered to
determine shareholders’ entitlement to the interim dividend.

Steady at 21 cts deapite Dow dropped >21cts..good sign

I have warned in Oct-Nov 2013 and also in april 2014 Jes artifically pushed up...but was told to shut up the noise..still my advice to avoid Jes...management trying all sorts of non concrete and ridiculoe ways to pump up its shares to sell to retail..go for innovalues will be another Valuetronics..uptrend intact

Originally Posted by xfactor View Post
Good call
Don' t who follow and make $$$ I am happy but should it gostan and lose $$$ don' t blame me hor..haha.chances of making looks good as everytime Goh Leng Tse exercised share options or if he bought from market,Innovalues always go up..the last time 1 for 1 bonus were in 2007 and 2004..should anticipate good 1H 2014 profits at around 7 Aug 2014


starlene ( Date: 31-Jul-2014 09:54) Posted:

wrote:
WA!! Today innovalue chiong 10%. Didnt expect my hot tip really come true. I tip u all but I myself never buy more before the chiong. Missed the boat
This image has been resized.Click to view original image



Move Valuetronics aside for a while..you may consider Innovalue

Rex hit 70cts 27 May 2014)today must hold still they start drilling and the 6000 barreld per day flow in...$$$$ more upside if can hold

RH Petrogas might have give it a boost to clear its resistance 66cts convincingly

Worth holding for the long haul

5 Things You Should Know About Auric Pacific
By Alison Hunt - March 13, 2014 | See also: A23F99LJ3Y92

auricicpacificIf you&rsquo ve ever slurped laksa (spicy noodle soup) at a Food Junction food court, munched a croissant or baguette at a Delifrance café or simply marvelled at the array of fabulous South East Asian dishes to sample at TV favourite, Chef Wan&rsquo s restaurant &lsquo 1 Market&rsquo you&rsquo ve been a customer of Auric Pacific Group Limited (APGL) (SGX: A23).

This Singapore-based investment holding company is primarily concerned with food &ndash manufacturing, distributing and retailing food products across Singapore, Indonesia, Malaysia and China.

APGL is 49% owned by Indonesian tycoon Stephen Riady and forms part of the sprawling conglomerate the Lippo Group that was founded in 1950, by Stephen&rsquo s father Mochtar Riady.

Stephen Riady was born in Indonesia, but moved to Singapore for schooling when he was 10. He went on to study at the University of Southern California before returning to Indonesia to become Executive Director of his family&rsquo s company Lippo Limited and was appointed Director of Auric Pacific in 1997.

Sunshine Bakeries

However, the story of one of Auric&rsquo s most famous brands begins way back in 1930s Singapore.

The Sunshine Bakery began as a small business operating from a shop house in Geylang, Singapore. Singapore Cold Storage (SCS) bought the company and Singapore&rsquo s first commercial bakery saw its fresh loaves delivered across the island, as well as neighbouring Malaysia.

Sunshine continued to attract loyal customers and in 1948, began fortifying its bread with vitamins. By 1950, the popular bakery was producing 14 different bread types, in addition to confectionery and flour products.

By 1992, the company had built a brand new production plant &ndash the largest in Asia that could turn out a whopping 6,000 loaves per hour and in 2004, was awarded world-renowned Superbrands status.

Reducing wastage

When Auric took over Sunshine however, wastage was relatively high. For every 100 loaves distributed 23 were being sent back the next day. What&rsquo s more, for every 8-10 loaves delivered to some small &ldquo Mom and Pop&rdquo shops, three would be sent back.

Auric decided to stop delivering to the lowest performing stores and instead invited those shopkeepers to collect their own bread if they still wanted it, but with no returns &ndash and reduced their wastage from 23% to just 15%.

Cookies from returned bread

However, Riady was still not satisfied that so much bread was being left for the birds and investigated ways that it could be used.

Sunshine now makes cookies from its unused bread &ndash and with a nice profit margin plus nine-month shelf life Auric is laughing (although their feathered friends around Senoko are pretty disappointed).

Free hotdog buns

Sunshine was also giving a free packet of hotdog buns worth $1 with every $1.20 loaf of bread &ndash as rival bakery Gardenia was offering the same deal.

Riady reasoned that consumers used to their bread are unlikely to switch and stopped the offer. Three month&rsquo s passed and Riady was relieved to see his gamble had paid off &ndash sales had not changed (Gardenia followed suit shortly after).

Food courts and Restaurants

Auric Pacific also owns the popular Food Junction foodcourts, serving affordable local and international dishes in Singapore, Indonesia and Malaysia, as well as French bakery chain Delifrance, serving European styled dishes as well as the eponymous baguettes and croissants.

But did you know&hellip

Dr Stephen Riady was awarded the accolade &ldquo Strategic Investment Entrepreneur of the Year&rdquo in the Ernst & Young Entrepreneur of the Year Awards in Singapore, 2007.
Stephen is also the Executive Chairman of Overseas Union Enterprise (OUE) (SGX: LJ3).
Mochtar Riady and family currently occupy position #687 on Forbe&rsquo s list of the World&rsquo s Billionaires, with an eye-popping net worth of $2.5bn.
Sunshine was the first bakery in Asia to be awarded the three PSB awards: ISO 9001 for quality, ISO 14001 for environmental friendliness, HACCP for food hygiene and safety.
Stephen Riady made headline news in 2013, when he launched a $13.1b cash offer for the shares of the 130-year-old Singaporean beverage manufacturer Fraser & Neave (F& N) (SGX: F99) &ndash a company five times bigger than his own. He lost out to Chang Beer producer Thai Beverage (SGX: Y92) &ndash but established himself as a high-stake player.
Today, Auric Pacific has a Property Investment segment, leasing residential and commercial property as well as one concerned with securities investment.

However, the company&rsquo s main priority is still food, distributing both food and non-food items as well as manufacturing well known brands including

U can build up your share in Hotel Grand by opting for share scrips in lieu of cash dividends and they issue shares at discount from market..so u get more shares than cash equivalent..5cts dividends

http://infopub.sgx.com/FileOpen/HGCA...ID=293838:s12:

The worst is over..after taking over food junction they have provided for the impairement loss..should head higher with Ms Saw helm and her leadership had previously made DFS and SMRT hit record high.If not still has 2 cts dividendsPrice stabilised shd go higher.. 2cts dividebds agm 30 april...Ms Saw shd make Co soar with cost cutting n impairements provided. .gd start for this food n beverage stock

*Ms Saw bought 1.11 & 1 25 last yr..bottom liao..use cpf for its dividends........

Limited upside ever sold at 35cts past years,,beg of 2013 sold at 20-21cts..avoid its losses come in last 2 years..limited upside 15cts the most..I made this comment in Oct 23,,yet a few pple here said iognore all this noise...

AWARD OF S$6.298 MILLION INSTRUMENTATION AND MONITORING
CONTRACT

The Board of Directors (&ldquo Directors&rdquo ) of Tritech Group Limited (the &ldquo Company&rdquo and together with its
subsidiaries, the &ldquo Group&rdquo ) wishes to announce that its wholly-owned subsidiary, Tritech Engineering &
Testing (Singapore) Pte Ltd (&ldquo Tritech Engineering&rdquo ), had on 3 April 2014, been awarded a S$6.298
million contract, &ldquo Contract T2807 for the Instrumentation and Monitoring for Thomson Line Contracts
T220 and T221&rdquo (the &ldquo Contract&rdquo ) by the Land Transport Authority (&ldquo LTA&rdquo ) for the Thomson Line
(&ldquo TSL&rdquo ).

The TSL will be the sixth mass rapid transit (&ldquo MRT&rdquo ) line in Singapore comprising 22 stations and 6
interchange stations with a 30 km underground train line between the Woodlands North and Gardens
by the Bay stations.

The Contract comprises of Thomson Line Contracts T220 and T221 (&ldquo Contracts T220 and T221&rdquo )
which relates to the part of the TSL comprising the Great World and Havelock stations with a tunnel
length of about 2.2 km.

Tritech Engineering has been appointed by the LTA under the Contract to provide instrumentation and
monitoring services for Contracts T220 and T221, which includes, inter alia, supplying and installing
geotechnical instruments and monitoring ground movements within the surrounding excavation and
construction area.

The commencement date of the Contract is 7 April 2014 and the expected completion date for
Contracts T220 and T221 is 30 December 2020. The defects liability period is 6 months.

Save for the Company&rsquo s independent director, Professor Yong Kwet Yew, who is a board and
executive committee member of the LTA, none of the Directors or substantial shareholders of the
Company has any interest, direct or indirect, in the Contract (other than through their shareholdings in
the Company). Professor Yong Kwet Yew was not involved in giving any recommendation in respect
of the Contract or in any discussions or negotiations leading to the award of the Contract.

The Contract is not expected to have any material impact on the consolidated earnings per share
and/or net tangible assets per share of the Group for the current financial year ending 31 March 2015.

https://apps.facebook.com/gvmovieclubgiveaway/index.php?&app_install&code=AQCoLl_SzjccDQi79GMJ0A6F4eueZeUs3BTnx6QUKTfvSRaz7PzH9057LO8mo8DtVHlm-NPF9USDYMgoWmHS8-42U0rxknGhgWLtLgv4AJK_A2OEAyLo8CuqMbWQeVFs6FZuP4KfAaZFOj6ad70Hbr66SYC2D74A-78wfWmWxh8AXYM82XUFdcaxW17CLk21qeMzmyXCVqSDTo9MSFlfb8PPJkEm196YIoxox--rISh7oJaUUYaZwhO8EGNGKttCI3nWSIPuITSBbMdQl0tPKLsu7b83pJ418v6Rw_jEPnrfs3hQf8J5FWLVchbKHrEQDTs&state=e2936b1e5f2b9b64e9911f5b38fd7842#_=_

50 lots at 50cts after 1 for 1 stocksplit will become 25cts but as at 4 April it is at 26.5 net gain 50000X(26.5-25)=$750 plus you will be entitled to 50000 free bonus warrants would give you 50000x$0.089=$4450..so your total gross profit will be $5200 ..fyi only

Got profit take first talk later..my neighbour bought 100lots Tritech split into 100 lots total 200 Tritech Group shares and entitled to 100 lots bonus warrants ..many are confused and even brokers themselves are confused..entitled to 100 warrants or 50 warrants..check your cdp the safest..I have 50lots becomes 100 mother shares and 50warrants..glad to sell in the morning 0.065-0.066 for those who depend on info/notification by cdp,by the time u receive the info warrants < 0.060 liao

Shares in Amtek India and parent Amtek Auto jumped about 6 percent each in early Mumbai trading as the former informed the bourses Tuesday it had completed the acquisition of Germany’s Kuepper Group it had announced in December. The Amtek Group is one of the world’s largest manufacturers of iron-cast auto components and the acquisition of the Kuepper Group, a supplier of machined castings with operations in central Europe and key clients such as BMW, Renault Nissan and Volkswagen, would serve as synergistic for the Indian company. Also read: Amtek India & Amtek Auto up 20%; Kuepper buyout completed In a previous successful acquisition, Amtek had early last year bought Neumayer Tekfor for an estimated 500 million euros. The Amtek Group has seen strong financial performance recently, helped by the Neumayer acqusition. In the December quarter, Amtek India’s revenues jumped 60 percent year-on-year to Rs 665 crore while operating profit surged 63 percent to Rs 204 crore. While Amtek Auto notched up profits of Rs 267 crore (up 55 percent) on revenues of Rs 898 crore (up 57 percent). “We are now very strong in Europe. About 45 percent of our revenues now come from outside India and a big chunk of that comes from Germany,” Amtek Auto Senior MD and CEO John Flintham told CNBC-TV18’s Latha Venkatesh and Sonia Shenoy in an interview. The Kuepper Group has revenues of about 170 million euros and operating profit margin of about 8 percent. “We paid about 50 million euros for the company, or about 3.5 times EBITDA,” Flintham said. Amtek’s immediate priority will be to work out synergies between Kuepper, which has five plants across Germany and Hungary, and its existing facilities in Germany, he added. The CEO added that post the acquisition, the group can be expected to clock consolidated full-year revenues of about Rs 15,000-16,000 crore. “[But] obviously the EBITDA [in the European businesses] is lower than the EBITDA in India. On balance, we will be looking somewhere in the region of 19-20 percent EBITDA margins before this financial year.” Amtek Auto shares have about doubled in the past five years while the Amtek India scrip has increased about five times on the back of a manifold increase in sales and net profits for both firms. Amtek India stock price On March 19, 2014, Amtek India closed at Rs 81.25, up Rs 3.75, or 4.84 percent. The 52-week high of the share was Rs 106.60 and the 52-week low was Rs 49.00. The company's trailing 12-month (TTM) EPS was at Rs 7.66 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 10.61. The latest book value of the company is Rs 80.41 per share. At current value, the price-to-book value of the company is 1.01.

Read more at: Amtek sees Rs 16000cr full-year sales post Kuepper buy - Moneycontrol.com

1 ALBEDO LIMITED REQUEST FOR TRADING HALT Mar 19 2014 10:08:06 AM
10 ALBEDO LIMITED QUERY REGARDING TRADING ACTIVITY Mar 19 2014 10:07:07 AM

Yes the price may consolidate from the current 73cts since the news was first announced it had crept from 54cts to 73cts from news of purchase of U.S firm
by Amtek

UBLISHED: MARCH 5, 4:05 AM
SINGAPORE – Amtek Engineering plans to acquire United States-based Interplex Industries for as much as US$210 million (S$267 million) to create one of the world’s largest precision engineering services firms, the Singapore-listed company said yesterday.

Interplex is a global leader in the design and manufacture of miniature precision engineered solutions for customised electronic applications.

It serves industries including automotive, industrial/electrical, mobile devices, and more recently, medical original equipment manufacturers.

In the six months to November, the company generated revenue of US$182.4 million.

The enlarged entity will have total revenue of about US$1 billion annually from operations in 15 countries, where it employs 13,500 staff. The deal is expected to be completed in the first half of next year, subject to regulatory and shareholder approvals.

The precision engineering industry in Singapore generates around S$35 billion in revenue each year and is a key area in the manufacturing sector here.

Amtek currently has operations in several countries in the region including Singapore, Malaysia, Indonesia and China. By buying Interplex, it gains a foothold in the US, Mexico, Hungary and India.

Amtek Chairman and Chief Executive Daniel Yeong said: “Interplex’s miniature precision engineered solutions, blue chip customer base and global footprint are highly complementary to Amtek.”

The purchase price includes a base amount of US$165 million to be paid at the closing of the transaction, a deferred payment of US$11 million and earn-out payments of up to US$34 million that are based on the operating earnings of Interplex from fiscal 2014 to fiscal 2016.

Before the after-market announcement yesterday, Amtek shares closed up 2.9 per cent at 54 cents each. WITH CHANNEL NEWSASIA

Change in capital :: Share subdivision :: Completion of the proposed share spilt

--------------------------------------------------------------------------------

ISSUE AND ALLOTMENT OF 386,574,593 ADDITIONAL SHARES PURSUANT TO THE COMPLETION
OF THE PROPOSED SHARE SPLIT BY THE COMPANY OF EVERY ONE (1) SHARE INTO TWO (2) SHARES
__________________________________________________ ___________________________________

Unless otherwise defined, all terms and references used herein shall bear the same meanings ascribed to
them in the Company’s circular to its shareholders (“Shareholders”) dated 14 February 2014 (“Circular”)
and announcements dated 27 September 2013, 3 October 2013, 29 January 2014 and 3 March 2014 (the
“Announcements”) in relation to, inter alia, the Proposed Share Split and Proposed Bonus Warrants Issue.

The Board of Directors of the Company refers to the Announcements and the Circular and wishes to
announce that the Company has today completed the Proposed Share Split of every one (1) Share into two
(2) Shares pursuant to which 386,574,593 Additional Shares were allotted and issued to entitled
Shareholders (being persons registered in the Register of Members of the Company and Depositors whose
Securities Accounts are credited with Shares as at the Share Split Books Closure Date) on the basis of the
number of Shares registered in their names or standing to the credit of their Securities Accounts as at the
Share Split Books Closure Date. Following completion of the Proposed Share Split, the issued share capital
of the Company has increased from 386,574,593 Shares to 773,149,186 Shares.

All the Additional Shares arising from the Proposed Share Split rank pari passu with each other and with the
existing Shares and will be entitled for the Proposed Bonus Warrants Issue. Shareholders are not required
to make any payment to the Company in respect of the Proposed Share Split.

BY ORDER OF THE BOARD
Wang Xiaoning
Managing Director

12 March 2014

http://infopub.sgx.com/FileOpen/Ann_...&FileID=288060
__________________

Very unique 2 different ex -dates..first time in history..take note...after the stocksplit ex on 11 March the company will note with yr current 1 share becomes 2 u must not sell ..can only sell after March 24 before warrant is your entitlement
( Date: 03-Mar-2014 15:05) Posted:

Ex date 11 March for stocksplit and ex date for warrant 24 March..listing of Marble business by first half of 2014 will give share price and listing of warrants a boost..Jeffery Wang was in PRC so Professsor Yong took over as chairman reveal more URA contacts on the way,may consider mainboard listing after spinoff of marble business..warrant 5 year expiry date but can convert only 6 mths after listing at 20cts exercise price.Tritech as potential has they are specialist in the underground engineering structure and Singapore next developments will be under the ground-eg the reservoir at Bidicari cementry,,Prof Yang himself has 400,000 shares in the company and claimed Jeffery is in PRC to suprvise the successive implementation of the watertreatment/membrane business..many of the people from Asian Corporate Advisior who advise this stocksplit cum bonus are there to answer questions...alll generally agree the stocksplit and bonus warrant is in the interest of the company...they serve their VAVIE mineral water but no beers and the usual cakes and pastries

Tritech's future earnings look promising. As at Nov 5 2013, has an order book of $83.4mil.The group announced on Dec 2 ,30 Dec 2013 and 15 Jan 2014 contracts worth $7.8mil,,$1.5mil and $3.75mil.Also on 4 and 5 Feb contracts worth $8.1 mil and $4.5mil for Thomson Line. The manufacture of water treatment membrane in Qingdao was completed in July 2013 and has commenced production and sales. Marble business worth $16mil was announced in 2013.The proposed listing of its wholly owned subsidiary-marble business on SGX instead of Hong Kong,will boost its shares price prior to ex-all

Extracted from Edge maz..dated 10Feb Ceo Lidgren expects Rex to be profitable with profit of US 7.5mil in 2014..Block 50 Oman has an expected monetary value of US 920.2 mil and Rex will unlock value within next few years by selling a portion of its stakes in this block
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EGM on 3 March

a share split of every one (1) existing ordinary share in the capital of the Company (" Share " ) held by the shareholders of the Company (? Shareholders ?) on a books closure date to be determined by the Board prior to the effecting the Proposed Bonus Warrants Issue (as defined below) (? Share Split BCD ?) into two (2) Shares , fractional entitlements to be disregarded, and upon the completion , up to 386,574,593 new Shares (? Additional Shares ?) will be issued (the " Proposed Share Split " ) and

(ii) following completion of the Proposed Share Split and the issue of the Additional Shares pursuant thereto , an issue of bonus warrants (the ? Proposed Bonus Warrants Issue ?) of up to 386, 574 ,593 non - renounceable bonus warrants (the ? Warrants ?) on the basis of one (1) Warrant for every two ( 2 ) Share s held by the Shareholders on a books closure date to be determined by the Board (which shall be after the completion of the Proposed Share Split and the issue of the Additional Shares pursuant thereto ) (? Bonus Warrants BCD ?), fractional entitlements to be disregarded

if u got one lot, after split, u got 2 lot, for every 2 lot, u will get 1 lot of wrt.

We shall see how Vantage Bay will perform!

starlene ( Date: 18-Feb-2014 20:45) Posted:

Biz tines feb 18...red flags raised in Johore ppty mkt...grand entrance of chiba base Country Garden Holdings with its surprise launch of 9000 apartments at one go....may impact the mkt there...9000 units in Danga bay alone. ..overbuilding in Iskandar would replicate the ghost towns in China

Originally Posted by xfactor View Post
Dow liow sai...

It may aoffer chance for people to enter at a lower

Technically it looks great....

..today done 50-50.5 never dropped below 50cts

Today's AGM at Intercontinental Hotel..shareholders will fuming over CF's 96,153,846 warrants issued to Caryle Group at US$1 only a great dilution to existing to existing shareholders and the Major shareholder Pacific Andes voting in favour..it's like selling CF away for a song though the warrants can only be exercised at 52cts per share

Mano's question why not offer to all exiting shareholders instead of being bias in favour of Carlyle Group and that this motion be put off..it appears this was to help Carlyle which had bought CF at a high of > $1.80 per share and to reward them for staying with CF in the acquisition of Copenica and to lower the overall cost of Carlyle's purchase of CF..certainly not favourable to most shareholders present at the meeting

China Fish double bottom already?..https://www.flickr.com/photos/caricature/11961851264/

stockpicker ( Date: 27-Jan-2014 18:23) Posted:



Yes ..96 million shares all for a price of USD$1/= but Cap-IIIA can only convert to normal share when the price reaches SGD 0.52. This is covered in their Annual reports and brouchers. Think the idea is to induce Cap-IIIA not to sell but to push up the price to 0.52 so that CF can get more funds and push up the value of the share price. It is dirty trick and they did that before in 2010 when CF offered 26 mil warrant for USD$1 to an independent party with exercise price of $2.10 when the share price was $0.8.. the share price was pushed to a high of only $1.30. 35 million warrants expired in 2013.

As for the gravestone doji, if it were to happen at the bottom of the bearish trend follow by a up candlestick with solid volume, it could mean a reversal about to take place otherwise, it suggests a continuation..

Best of luck

Originally Posted by eightgolden8 View Post
Tritech Update
Thursday, 23 January 2014


Update for Tritech 23th Jan 2014 - Tritech is doing super well in
this climate of market selling down. It has managed to continue to
trend upwards and close well today at 52.5 cents couple with
good volume is rather positive to drive the prices higher. All 3
indicators are still pointing upwards which may provide the
momentum to push the price higher. Immediate resistance will be
at 54 cents. Look to see if it is able to clear 54 cents with high volume
in order to move up to 59.5 cents.

(trade base on your own decision)

Singapore Online Opportunity: Tritech

So eightgolden5 yr profits more than doubled now with Tritech at 52.5cts,,when u think is good to take profit( at what price) since you're v familiar with this Tritech

China Fish has hit its long term bottom..

https://www.flickr.com/photos/carica...61851264/:s12:

See Trietch run up in Aug 2013,,will history repeat?

TUESDAY, AUGUST 13, 2013

Tritech - 107.5%

http://stockmarketmindgames.blogspot.../label/tritech






Did anyone had insider news on Tritech 2 days back? The stock gap up to a high of 107.5% today! Since the insider longed it 1 year back, then why is it that it gap up today? Why not Oct last year? Did anyone had a clue? I think I know why, but too sensitive to post. I will share it during my next seminar.

Ronald K - Market Psychologist - The Big Speculator

Lucky this morning add another 100@45cts

ritech Group (SGX: 5NL) jumped 7% to S$0.41. The geotechnical, ground, and structural engineering services provider had announced last Friday evening that it intends to seek a listing on the Catalist stock exchange in Singapore for certain subsidiaries of its limestone business.

Back in September last year, Tritech had initially wanted to seek a listing for the same subsidiaries on the Stock Exchange of Hong Kong Limited but has since changed its mind. The limestone business subsidiaries are involved with the quarrying, extraction, and production of dimension stones and other marble-related products.

Tritech would have to obtain shareholder and regulatory approvals for its proposal to list on the Catalist exchange. It also highlighted the fact that the listing ?is in its preliminary stages?and that there?s no guarantee that regulatory approvals will be granted. The company would be updating the investing public in due course.

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Alert Admin
GRANT OF AWARD TO ANHUI CLEAN ENVIRONMENT BIOTECHNOLOGY CO. LTD. IN CHINA

The Board of Directors of Tritech Group Limited (the ?Company? and together with its subsidiaries, the ?Group?) refers to the Company?s announcements dated 29 August 2013 and 7 November 2013 in relation to the Company?s acquisition of its wholly-owned subsidiary, Anhui Clean Environment Biotechnology Co. Ltd (?ACEB?) located in Hefei, Anhui Province, the People?s Republic of China (?PRC? or ?China?).

The Company is pleased to announce that ACEB has been awarded the ?Distinguished Design Enterprise of Environmental Engineering For Year 2013 In China? award on 19 December 2013 (the ?Award?).

ACEB has a wide range of licenses for operating different businesses in China, including a Class A Design License for environmental projects in China with unlimited tender capacity issued by the Ministry of Housing and Urban-Rural Development of the PRC and a Class A Design License for Industrial waste water treatment in China with unlimited tender capacity issued by Ministry of Environmental Protection of the PRC.

The Group is of the view that there is significant growth potential in the areas of design and consultancy for the environmental and wastewater treatment fields in the PRC and intends to strengthen its capabilities in these areas as part of its development of its water-related business segment in the PRC. The grant of the Award is believed to be a milestone for the Group in its achievement of its business objective. The strengthening of the Group?s capabilities in the area of design and consultancy for the environmental and wastewater treatment fields is also expected to generate new revenue streams for the Group and enhance the Group?s financial performance in the near future.



By Order of the Board

Wang Xiaoning
Managing Director
24 December 2013

48.5-49cts now as at Jan 16..more upside?

Sources: China Fishery could buy more in Peru, as Diamante owners still looking for exit





January 14, 2014, 6:48 pm



Eva Tallaksen Alicia Villegas, Jeanine Stewart





Having acquired Copeinca, China Fishery Group could now be close to making more acquisitions in Peru, with both Pesquera Diamante and Hayduk named as potential targets, sources told Undercurrent News.



Another Chinese fund, which sources did not name, is also said to be in talks to acquire Pesquera Diamante, Peru?s third largest fishing company by quota.



According to one well-placed source, Pesquera Diamante has hired Credit Suisse to arrange for a sale.



?China Fishery is now close to locking the Diamante acquisition, and if that succeeds they will hold more than 25% of the Peruvian fishing quota,? this source told Undercurrent News.



Diamante holds 8.5% of Peru?s anchovy quotas, after Copeina/China Fishery (16.9%) and Tasa (14.1%).



Several sources said Diamante is also in talks with another Chinese private fund for a sale.



It has for some time now been said that Diamante?s private equity owner, Enfoca, is looking for an exit for its 18% stake.



But if a good offer is made, the entire company could be sold, said sources.



The remaining 82% shares are owned by the Ribaudo brothers, Juan Enrique and Fernando.



Diamante?s CEO Manuel Salazar, Enfoca and China Fishery declined to comment to Undercurrent.



In March 2013, news outlets had reported that South Korea?s Dongwon was close to making a move for Diamante. However, the deal then reportedly collapsed, with no news since then.



According to sources, it is well known in the Peruvian industry that China Fishery is still interested in buying up more quotas in Peru. ?China Fishery always keeps an open eye,? said one industry executive. ?They will go for any company.?



Some, however, questioned how China Fishery would finance such a deal. Its purchase of Copeinca, completed late last year, cost it $787.69m in cash and took its total debt to $1.596bn.



The rumors come as Peruvian companies are becoming increasingly frustrated with the government and its regulation on anchovy fishing. This could make them more inclined to sell, said industry players.



?The problem is the government?s very bad administration,? said one executive. This has frustrated businesses, he said. It has also affected their cash flow, and subsequent valuations. ?The value of any company is their cash flow. In the two last years the administration, without any discussion, has restricted the Peruvian quota of anchovy by about 40%. The cash flow reflected the issue and of course the companies? values are lower than they could be.?



In this situation, he added, Chinese companies could see an opportunity to come in at a cheap price, ?wait two or three years and gain 40% or 50% in value?.



Another Peruvian executive echoed this view.



?Foreign companies along with high level politicians have achieved what they wanted: Peruvian companies can be sold at a cheap value, since Peruvian politicians have demolished the fishing industry,? said this source.



He added Enfoca was keen to exit Diamante, having owned it for several years. However, despite years of persistent rumors of a sale, ?eventually the company ends up not being sold?, he said.



$85m per 1% quota



If a deal were to happen, Diamante could expect to get the same valuation (85 million per 1% of quota) as Copeinca did for its sale to China Fishery. For Diamante, this would represent $722.5m. For Hayduk, it would mean around $561m.



?However, only a strategic investor would pay such a high price,? and only if the synergies are there, as is the case with China Fishery, said one source.



?The key question is how the interested party would appraise the human consumption business Diamante has ? canned and frozen fish, including a distribution brand,? this source added. ?Diamante?s owners are good entrepreneurs, the company is well managed and it?s a success story.?





Hayduk restructuring



There is also talk surrounding Pesquera Hayduk, Peru?s fifth largest fishing company by quota.



Hayduk restructured recently, appointing new management and a new CEO. The company is also said to be very close to China Fishery Peru.



Although one source linked the restructuring to a possible sale, another said this was the end of a long process, with the former CEO having completed his task. ?In my opinion, as well as Diamante, if they receive a nice proposal, they will sell,? said one executive.



Growing foreign ownership



An acquisition by a Chinese company would heat up a debate that China Fishery?s purchase of Copeinca triggered in Peru: the issue of foreign ownership of the nation?s fishing quotas.



With nearly 17% of Peru?s fishing quotas, China Fishery Peru/ Copeinca is the country?s largest fishing group, ahead of former leader Tasa (14.1%).



This has

Those who have heeded or bought have made money liao..I left those from rights issue(34cts)..Even if u had bought at a high of 59cts also more than break even(59cts+34)/2 =46.5 based on today's closing prices..hope it is up up and away

Buy Sell China Fish SGX 0.470 175,000 0.475 30,000 0.475 +0.050 0.430 8,109,000 0.480 0.430 0.588 0.315 6.97 0.0149

They sold Innopac recently...still at profit to them..not Ipco..portoflio adjustment

Next resistance at $0.068



https://www.flickr.com/photos/caricature/11868246043/

Looks like Bluemont not really desperate for cash....can channel money meant from working capital for capital expansion







BLUMONT GROUP LTD.

(Company Registration No. 199302554G)

(Incorporated in the Republic of Singapore)





USE OF NET PROCEEDS FROM THE RIGHTS ISSUE 2013





Unless otherwise defined, all terms used in this announcement shall bear the same meanings

ascribed to them in the announcement by the Company dated 29 July 2013 (the ?Rights Issue 2013

Announcement?) on the proposed renounceable non-underwritten rights issue of up to 861,002,293

new ordinary shares in the capital of the Company (the ?Rights Issue 2013?) and the announcements

by the Company dated 25 October and 7 November 2013 (the ?Previous Announcements?) on the

use of the Net Proceeds (as defined below).



1. UPDATE ON USE OF THE NET PROCEEDS



The Board of Directors of Blumont Group Ltd. (博 诺 有 限 公 司 ) (the ?Company?, and together

with its subsidiaries, the ?Group?) refers to the Rights Issue 2013 completed on 21 October

2013, which raised net proceeds of approximately S$42.67 million (the ?Net Proceeds?) (after

deducting expenses of approximately S$380,000).



Further to the Previous Announcements, the Company wishes to announce that the Net

Proceeds have been further utilised as follows:



(a) approximately S$7.65 million for the business expansion of the Group (equivalent to

approximately 17.9% of the Net Proceeds), comprising:



(i) S$0.60 million for completion of the fifth tranche of subscription of shares in Cokal

Limited, as announced on 20 November 2013



(ii) S$0.63 million advanced to Cokal Limited under a loan facility of up to US$8.00

million, as announced on 5 November 2013



(iii) S$0.58 million drawn down by Celsius Coal Limited under the Convertible Note

Deed, as announced on 7 February 2013



(iv) S$0.26 million drawn down by Azarga Resources Limited under the Azarga

Facility, as announced on 28 August 2013



(v) S$1.14 million advanced to Resource Generation Limited (?RES?) as part payment

of the AUD$2.50 million advance payment under the deed of settlement dated 18

December 2013 in relation to the subscription of shares in RES by the Company,

as announced on 18 December 2013 and



(vi) S$4.44 million for the repayment of an interest-free director?s loan which was

utilised as follows:



1. (A) S$1.24 million for the subscription of shares in Cokal Limited (B) S$0.45

million for the subscription of shares in Kidman Resources Limited and (C)

S$1.34 million for the subscription of shares in Discovery Metals Limited, as



announced on 8 July 2013, 13 August 2013 and 19 September 2013

respectively



2. S$0.34 million drawn down by Celsius Coal Limited under the Convertible

Note Deed, as announced on 7 February 2013 and



3. S$1.07 million drawn down by Azarga Resources Limited under the Azarga

Facility and



(b) approximately S$1.11 million for general working capital purposes (equivalent to

approximately 2.6% of the Net Proceeds) which was utilised as follows:



(i) S$0.26 million for wages and salaries



(ii) S$0.02 million for professional and statutory fees



(iii) S$0.77 million for legal and consultancy fees and



(iv) S$0.06 million for rental fees and general administration.



2. CHANGE IN STATED USE OF THE NET PROCEEDS



The percentage allocation of the Net Proceeds has changed from that disclosed in the Rights

Issue 2013 Announcement. The Net Proceeds were to be used for the following purposes:



(a) 80% of the Net Proceeds to fund the Company?s business expansion through, inter alia,

acquisitions, investments, joint ventures and/or other collaborations and



(b) 20% of the Net Proceeds for general working capital purposes.



As the Company has and is expected to have sufficient cash or funds from operations to meet

its existing and future general working capital requirements the Company has re-allocated

S$6.73 million previously allocated for general working capital purposes for use in the business

expansion of the Group.



3. CUMULATIVE USE OF THE NET PROCEEDS



The Company has now fully utilised the Net Proceeds. The cumulative percentage breakdown

of the use of the Net Proceeds is as follows:



Use of Net Proceeds

Cumulative amount utilised

as at 10 January 2014

As a percentage of

the Net Proceeds

Business expansion of the Group S$40.87 million 95.8%

General working capital purposes S$1.80 million 4.2%

Total S$42.67 million 100%





By Order of the Board

BLUMONT GROUP LTD.

James Hong Gee Ho

Executive Director

10 January 2014

Bought 150lots again at 48cts..approval soon..many fresh factors ..impending listing of its subsidiary on SGX and 1 for 2 stock split...plus 2 bonus warrants

This type of warrants a bit like covered warrants except that it is issued by China Fish(C> F) itself and not by third party like financial institutions.C.F got to benefit from the US40mil(S$50mil) as working capital,C.F like suffering from indigestion after swallowing another bigger fish,Copenica which is doubled its (C.F's capital) .Many here get excited the CF's share need not be pushed to match the exercise price of 52cts from its curreent 38cts as many warrants are trading on sgx not necessarily be in the money i.e exercise price cum warrants need not be < market price of C.F..many times the warrants are trading at a premium..the share price of C.F will not move upwards when investors forsee no expoential increase in net profits from its acquisitions..many feared C.F may be dragged down from the huge debts incurred from taking over Copenica and susequently C.f will be unable to continue its dividend paying policy or paying miserly dividends in the future

Blanchard ( Date: 06-Dec-2013 02:09) Posted:

Carlyle gets warrants to up stake in China Fishery by up to $40m

December 5, 2013, 5:44 pm
Undercurrent News


China Fishery Group has agreed to give 96.15 million warrants to its second largest shareholder, CAP III-A, a subsidiary of the private equity Carlyle, in a deal that could give it up to $40 million.

The warrants allow CAP III-A to purchase 96.15m shares in China Fishery, for $0.52 per share, or a maximum of $40m.

If CAP III-A exercises all its warrants, it would increase is stake in China Fishery from 11.09% to 15.08%.

China Fishery?s largest shareholder, Pacific Andes Resources Development Limited, would in turn be diluted from 70.51% to 67.35%.

The warrants will not be listed or traded on the main board of the Singapore stock exchange, where China Fishery is listed.

CAP III-A is a wholly-owned subsidiary of Carlyle Asia Partners III.

Carlyle has been a shareholder in China Fishery since July 2010, when it acquired 113m shares at $1.85 per share.

The use of proceeds is currently intended to be utilised as additional working capital of the Group.

ChinaFish agm on 27 Jan..shd creep up soon..

Read an article in Undercurrent News, commenting on China Fishery?s 2013 annual report..... for info.....

Lafayette, China Fishery's processing vessel. Lafayette, China Fishery's processing vessel

Eva Tallaksen - January 3, 2014, 6:19 pm

In its annual report, the Singapore-listed company mentions an impairment loss of $35m for its ?processing vessel?.

While it does not identify the vessel in question, it is most likely to be Lafayette. The 228 meter-long Russian-flagged mothership is considered to be the world?s largest processing vessel and believed to be Pacific Andes? only processing ship, if one excludes Victoriya, of which it denies ownership of.

China Fishery?s report does not mention the cause of the impairment, and the company did not return requests for comment to Undercurrent News.

According to sources, Pacific Andes was canvassing equipment makers in 2013 with a view to equip Lafayette for Russian pollock and salmon processing. However, these plans are believed to have been shelved, a source recently told Undercurrent. The company has never commented to Undercurrent on the news.

In its report, China Fishery only said the impairment followed a review on ?the recoverable amounts of the processing and fishing vessels and fishing and plant permits based on their value-in-use?.

The assessment has led to the recognition of impairment loss of $35m for the processing vessel, compared to no impairment in 2012, it said.

The same assessment also led to an impairment of $9.918m for ?certain fishing vessels and plant and machinery that management has identified for scrapping?, it said.

The company also did not return questions as to the names of the vessels.

$2.5m Peru acquisition

The report also reveals that China Fishery spent $2.5m during the year to acquire the entire issued capital of J.Wiludi & Asociados Consultores En Pesca SAC.

J.Wiludi & Asociados owns a fishing vessel, and the transaction was determined by management to be an ?acquisition of assets rather than

At this price if u consolidate 10 into 1 is about $1.20 i.e the high the former Biotreat had ever reached...now renamed Hankore..probably overvalued liao..the push may be for consolidation exercise..trade with care

On Nov 25 at NTUC centre,in 2013,the CEO was there and analysts at SISAS gave a T.P of 88cts..Tritech came from from a high of about 72cts to a low of about 25 cts before it stablished > 33 cts in Nov 2013 after outlook that it may report a loss...discounted as price has since move above 40cts..proposed listing of its limestone biz,awards from contracts at new Thomson line MRT -0the CEO assured investors will give higher dividends after the spin off expected soon..once the 1 for 2 stocksplit and the 2 free bonus warrants after the split is approved(proposed on Sept 27 2013),Tritech will soar

Research says there is a " huge price-value gap" in TriTech stock

Reaffirming our Views

We invited Tritech Group Limited (Tritech) to our Chinese seminar two days ago and the management shared with our audience some of their recent developments. At the same time, we also visited their quarry in Malaysia to get a better understanding about the current operations.

In all, we are comfortable with the company?s operation and reckon that there is a huge price-value gap, if Tritech?s plans can bear fruits. We maintain our price target of S$0.880.

For the engineering division, Tritech has a stable order book of about S$83m, most of which are public sector jobs. The management reiterated on their underground specialty as an avenue for future growth and we believe this division will generate stable cash flow for the Group.
For the water division, Tritech is constructing a mega membrane processing plant with five factories in Qingdao. Management envisage themselves to be a one-stop membrane related center and capable of providing engineering works on water and wastewater treatment plants, management of treatment plants and production of purifier and bottled water. They currently have 16 patented products which they intend to manufacture as the factories get completed. They also recently acquired Anhui Clean Environmental Biotechnology Co. Ltd to leapfrog their position in the water treatment business in China.

We visited Terratech Resources? quarry last week and saw the actual extraction of marble from the hills. Tritech has begun production on Hill 2B and Hill 3 and we reckon that they can expand the capacity by about four fold towards the end of next year.

Though we are left impressed with Tritech?s venture into the water and resource businesses, we noted that the water division is still at the start-up stage and we need to see if Tritech can sell their products in China and other markets. The same applies to the marble division. That said, the division recently entered into contracts to sell marble and related products worth about S$17.95m to China.

About the company: Tritech has three business divisions namely the engineering, water-related and resources divisions.
Engineering Division ? Giving the Foundation: This division is Tritech?s core and primary division and it specializes in the area of geotechnical, ground and structural engineering services. There are five key subsidiaries within this business, all of which are involved in different phases of the projects. Currently, the group has about S$83m order book and approximately 91% are derived from various public sector projects. Major customers include JTC Corporation, LTA, PUB, DSTA, URA and others.

During the presentation, Tritech also reiterated their underground specialty which is currently being used for the storage of crude oil and LNG and infrastructure development such as MRT. Future possible usage include data centre, incineration plant, water treatment plant, landfill and others. At the same time, the company is developing new techniques to improve productivity and investing in new equipment. This business has been a cash cow for Tritech, generating stable cash flow for the company to venture into new businesses.

Another Cash Cow in the Making: For the water-related division, Tritech is involved in 1) membrane and membrane-related products, 2) water treatment engineering business and 3) water and environment protection activities.

Last year when the CEO and one of the directors sold a bulk at about 22.5cts it never crossed 23cts and headed downards-the co has stopped its losing licensing biz and on path to achive record profits for FYE 31 March 2014..long time never cross 30cts liao..good luck to those still vestedlast year those who bought can only hope for dividends,this year maybe capital gains too

1. Consistent high dividend .

The dividend paid outs are as follow :
Year 2013 : HK 8.0 cts per share
Year 2012 : HK 16.0 per share plus special dividend of HK 1.0 cts
Total HK 17.0 cts per share.
Year 2011 HK 14.0 cts per share.

2. High payout ratio.

Year 2013 : 36.5 %
Year 2012 : 46.6 %
Year 2011 : 40.9

3. Expect high dividend payout of 2.23 singapore cts per share.
this financial year

Half year profit .. HK 72,901,000. Assuming the same level of
profit is maintained the full year profit would be HK 145,802,000.
Assuming a payout ratio of 35% (low estimate) the total payout
would be HK 51,030,000. The payout per share would then be
total payout amount divided by the number of shares.
HK 51,030,000 divided 365,188,750 shares = HK 13.97 cts.
In S$ terms n based on exchange rate of 1$HK to S$0.1629,
the dividend per share in Singapore currency would be 2.23 cts.

Rex International Holding subsidiary to acquire rest of 25 per cent
stake in South Erin Block in Trinidad & Tobago
 Caribbean Rex to hold 100 per cent working interest in South Erin Block, 100 per cent interest
in Inniss-Trinity and 51 per cent working interest in the Cory Moruga block after completion
of its drilling obligations.  Funding for transaction at asset level; Rex International Holding to invest up to USD 4 million
additional funds early 2014; capital expenditure expected to be self-funding thereafter  Drilling of 5-7 exploration and development wells planned for 2014; with first drilling in first
quarter of 2014
SINGAPORE, 18 December 2013 – Rex International Holding Limited (“Rex International Holding” or the “Company”, and together with its subsidiaries, the “Group”), one of the largest companies
listed on the Catalist of the Singapore Exchange Securities Trading Limited, is pleased to update that
Rex International Holding, has through its 64.17 per cent-owned licence-holding company Caribbean
Rex Limited (“Caribbean Rex”), signed a Share Sale Agreement (“Share Sale Agreement”) to acquire
the remaining 25 per cent stake in Jasmin Oil and Gas Limited (“Jasmin”) from independent third
parties. Jasmin holds 100 per cent of the South Erin Block licence in Trinidad & Tobago.
The transaction is expected to be completed within the next 90 days. Upon the completion of the
transaction, Caribbean Rex shall have a 100 per cent stake in Jasmin and hence, a 100 per cent
working interest in the South Erin Block. The purchase consideration, which is immaterial to the
Group, will be funded internally by Caribbean Rex. Caribbean Rex’s interests in the Incremental
Production Service Contract in Inniss-Trinity remain at 100 per cent and in Cory Moruga at 20 per
cent, which will increase to 51 per cent upon certain conditions for a drilling programme being met.Mr Dan Broström, Executive Chairman of Rex International Holding said, “In line with our prudent
capital management strategy, the funding for the transaction is from the asset level. Rex
International Holding intends to inject additionally up to USD 4 million while Pareto Staur SPV1 AS, the other major shareholder of Caribbean Rex, intends to inject up to USD 2 million into Caribbean
Rex in early 2014, so that the three onshore concessions in Trinidad & Tobago would become self- sufficient in terms of capital expenditure by the end of 2014. The South Erin Block currently has a
production average over the last three months of about 50 barrels per day (bpd) of oil from four
shallow wells. With the increased 100 per cent working interest in South Erin Block and under new
tax legislation in Trinidad & Tobago to be effective in January 2014, all revenue generated from this
oil production can be 100 per cent offset against exploration expenses in Cory Moruga, the potential
of which we have analysed using Rex Virtual Drilling and are very excited about.”
“We plan to drill five to seven onshore wells in our three concessions in Trinidad & Tobago next
year, with the first drilling to be carried out in the first quarter of 2014. Our intention is to prove up
the reserves and put the concessions into production. To unlock value for our shareholders, these
assets may be sold and the capital recycled, or may be spun off into a separately listed entity in a
few years’ time,” Mr Broström added.
Rex International Holding had on 14 August 2013, announced the signing of a term-sheet for access
to the three onshore exploration & production (E&P) licences in Trinidad & Tobago. On 21 October
2013, Rex International Holding announced that it would increase its stake in Caribbean Rex to
64.17 per cent from the initially stated stake of 51.99 per cent by paying a share consideration of
USD 3 million to Fram Exploration ASA (“Fram”), as part of a restructuring exercise in relation to Rex
International Holding’s US concessions and onshore E&P opportunities in the Trinidad & Tobago. The said shares were allotted and issued to Fram on 15 November 2013.

Any comment on LionGold being undervalued?Extracted from another forum
Originally Posted by puntforlife View Post
http://infopub.sgx.com/Apps?A=COW_Co...larat_JORC.pdf

liongold is a mystery... why no one dare to take this private...

liongold through its web of vested interest has reserves worth 7.5m ounces... if u dig everything up at $1200 per ounce also worth $11.25B. If profit margin of digging it up is 10% also got $1.25B

total net asset $231M if u write off 50% of capitalized exploration expenditure its still $161M

liongold market value now 941m shares * $0.172 = $161M
i offer 20% premium and take it private $200M... i own $1.25B worth of future profit

WHY NO ONE COME BUY LIONGOLD... *FRUSTRATED AND PULLING WHAT IS LEFT OF MY HAIR OUT*
Hit a high of 178

Made first round buy during designated period and sold on Oct 21 after the lifting..recently Bluemont hit a low of $0.056 bought went in at a high $0.099 as I trust Alex the incoming CEO see his credentials

Do you know Alex personally to vouch for his abilities and credibility?

As far as his track record shows, this guy has no credibility. He has a seriously tarnished reputation. Known to many as a scum.

..See Alex's record..I believe Bluemont has bottomed bouncing from$0.056 recently..I bought as I think Alex has his records and credentials to prove his mettle

That Angmoh you speaks of, not your average ang moh.

That Angmoh was once a:
Hold an Econ degree => Not only an economic person but also an economist. Sure he got the tools and knowledge to do a proper valuation on any investment. But whether his valuation is correct or not is another issue.
Head of Metal and mining in Citibank for 10 years => No capability can climb up and hold on to that seat for 10 years?
One of the highest paid CEO in Canada in 2010=> Reinforced his ability, not capable who want to hire with such salary?
His previous firm, SouthGobi Resources grew 60+% in 2010 => > > Good growth but might be due to local government support
Currently holding leadership position in 3 other firms, besides Blumont. 2 out of 3 of these firms are listed firms. ==> > > Say something about his credibility. Listed firms always avoid having dubious character on their board, as doing so would depress their share price.
Age: 38 only===> > > Still a long way to go. If he decided to cheat now, he is destorying his own career prospect.
His current stake in Blumont only 1.3millions====> > > His previous annual pay from SouthGlobi is more than 3millions=> > > > He need to resort to con and destory his own career prospect just to save his stake in Blumont, which is equivalent to only half his annual salary? Worth it?
chensing is online now Report Post

No did not buy at the bottom,,wanted to catch hesistated it went upwards.Ytday bought 500lots at $0.099..Hope Bluemont has already bottomed and now shd move higher..break thru resistance,,,was thinking how much can lose at the price I bought since bank's interest $50k not even $2 per month..hope 2nd time lucky with this purchase and all best wishes for those vested here.



http://www.flickr.com/photos/caricature/11305217063/

Alex has the means to buy Bluemont

That means he shd have the means to buy Bluemont not just a falsefront as many have predicted



Looks like Alex has his interests in Celsius Coal: http://www.asx.com.au/asxpdf/20131212/pdf/42ll0s85bxwjnb.pdf

Lion has been making losses but backed by its ounce of gold..Bluemont and Asiasons have been making profits since 2009 except for recent results 3rd quarter year 2013 due to provisions for impairement..Lion tested its low of 15cts and rebounded and Bluemont tested 0.056 and Asiasons about 11cts ..when all those have to cut already cut and those shortists may have to cover now at big losses..reversal fortune..good luck to all