Elite KSB Holdings
06-11-2013, 09:24 AM
Since the company is now just cash, it should be the cash value?
Pushing up to 9.5c now, with quite a good volume. Maybe someone really decide to buy up the company to RTO? 1c/share premium for listing would be consider cheap enough?
06-11-2013, 09:38 AM
NAV of around 8.4c. Trading at 9.5c. Premium of 1.1c will sound more reasonable than a 17c premium. Think you are getting my point. Then again, still got to consider the fact that it may be delisting soon
06-11-2013, 09:42 AM
(06-11-2013, 09:24 AM)NTL Wrote: Since the company is now just cash, it should be the cash value? I always be puzzled by irrational behavior of stock market. May be I am not as informed as them. 
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
06-11-2013, 03:16 PM
10million shares traded today! Consider that the cash is 8.4c/share, why are people still buying at 9 over cents? Are the buyers the smart ones, or the sellers? Or simply just gambling?
07-11-2013, 08:23 PM
Elite KSB is going to distribute 7.8c again on 26Nov, bringing the remaining cash down to $0.83M to be use for outstanding settlement and other costs. That will bring the share price to 1c after book closure?
Elite KSB going to become a sub-penny stock!
07-11-2013, 09:12 PM
(This post was last modified: 08-11-2013, 09:26 AM by CityFarmer.)
(07-11-2013, 08:23 PM)NTL Wrote: Elite KSB is going to distribute 7.8c again on 26Nov, bringing the remaining cash down to $0.83M to be use for outstanding settlement and other costs. That will bring the share price to 1c after book closure? We are not less informed than those bought it above NAV. They might invest with their eyes closed.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
07-11-2013, 09:43 PM
Lets see what happen after XD. Maybe someone really preparing to RTO at sub-penny level. Still possible, right?
08-11-2013, 09:16 AM
(This post was last modified: 08-11-2013, 09:26 AM by CityFarmer.)
(07-11-2013, 09:43 PM)NTL Wrote: Lets see what happen after XD. Maybe someone really preparing to RTO at sub-penny level. Still possible, right? Base on my understanding, it is highly unlikely, due to the SGX rules, and the company didn't apply for extension. With cash less than 1 mil, it is also insufficient to fund a RTO proceedings. Well, as I always said, I might be wrong. If so, it will be a good opportunity to learn. (not vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
08-11-2013, 09:21 AM
(07-11-2013, 09:43 PM)NTL Wrote: Lets see what happen after XD. Maybe someone really preparing to RTO at sub-penny level. Still possible, right? You can get it for 8.5c now with the hope that RTO can still happen. As to why 10 million shares traded 2 days ago, perhaps cityfarmer is right, many people trade with their eyes closed  ... worse of all, many lemmings follow |
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