: Value Investing Forum - Singapore, Hong Kong, U.S.

Full Version: Starburst Holdings
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
Pages: 1 2 3 4 5 6 7 8 9
Results out. The star is falling... And I'm surprised that management glossed over the big drop in revenue and net loss.

(not vested)

Sent from my D5503 using Tapatalk
A falling star indeed.

OCBC ceases coverage on Starburst

SINGAPORE (March 9): OCBC Investment Research is ceasing coverage on firearms-training facilities provider Starburst Holdings due to lack of market liquidity.
Nordic Group is buying the 69.7% controlling block from the 2 founders/EDs - Mr Edward Lim Chin Wah and Mr Yap Tin Foo - and has made a voluntary conditional offer at $0.238/share with the view to privatise Starburst Holdings..

Another promising company to be delisted from SGX!

While Lim and Yap are giving up their combined ambition to build Starburst's well-established business as a listed enterprise and apparently now prefer to be just salary managers under Nordic Group, a relevant question for Starburst's minority shareholders : Is $0.238/share a fair price or good enough?
Pages: 1 2 3 4 5 6 7 8 9