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15-11-2012, 08:44 AM
3Q results.....
http://info.sgx.com/webcoranncatth.nsf/V...6004FC7DF/$file/Teledata_Results_3Q_FY2012.pdf?openelement
Despite its "watch-list" status, I should add that Teledata is very adept in raising new capital. On 25Jun12, the company completed a 1-for-2 rights issue of 609,805,000 new shares at $0.005/share, raising a net proceeds of $2.9m, which was fully spent by 30Sep12. This raised total issued shares to 1,829,415,000. On 7Nov12, the company completed the placement of 548,824,500 new shares at $0.008, raising net proceeds of $4.2m to fund new projects. And this has further raised total issued shares to 2,378,239,500.
If we assume there are 1.0m share investors in Singapore, and they all become shareholders of Teledata, conceivably their average shareholding is approx. 1,378 lots each. On this score alone, I find it difficult to accept this counter.
http://info.sgx.com/webcoranncatth.nsf/V...6004FC7DF/$file/Teledata_Results_3Q_FY2012.pdf?openelement
Despite its "watch-list" status, I should add that Teledata is very adept in raising new capital. On 25Jun12, the company completed a 1-for-2 rights issue of 609,805,000 new shares at $0.005/share, raising a net proceeds of $2.9m, which was fully spent by 30Sep12. This raised total issued shares to 1,829,415,000. On 7Nov12, the company completed the placement of 548,824,500 new shares at $0.008, raising net proceeds of $4.2m to fund new projects. And this has further raised total issued shares to 2,378,239,500.
If we assume there are 1.0m share investors in Singapore, and they all become shareholders of Teledata, conceivably their average shareholding is approx. 1,378 lots each. On this score alone, I find it difficult to accept this counter.