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2nd Chance Properties
26-12-2015, 03:11 PM.
Post: #281
RE: 2nd Chance Properties
The share price of the stock has dropped more than 40% since the previous high?

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30-06-2016, 12:08 AM.
Post: #282
RE: 2nd Chance Properties
Proposed Bonus Issue of Warrants on the basis of ONE (1) Bonus Warrant for every ONE (1) existing ordinary share

Second Chance Properties Ltd is pleased to announce that the Company intends to undertake a proposed bonus issue of free warrants to subscribe for new ordinary shares in the capital of the Company at an exercise price of S$0.25 per share.

The Bonus Warrants may be exercised at any time during the period commencing on the date which is six (6) months after the date of issue of the Bonus Warrants and expiring at 5.00 pm on the date which is the third (3rd) anniversary of the date of issue of the Bonus Warrants (but excluding such period(s) during which the register of holders of the Bonus Warrants may be closed). The Bonus Warrants remaining unexercised at the expiry of the Exercise Period shall lapse and cease to be valid for any purpose.

<not vested>
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Specuvestor: Asset - Business - Structure.

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22-06-2017, 09:27 PM.
Post: #283
RE: 2nd Chance Properties
Sale of the property at a loss ?

Second Chance Properties Ltd announced that the company’s subsidiary, Super Chance Properties Pte Ltd ("SCP") has granted an option to Fok Chuen Yin and/or Nominee to purchase SCP’s property at 12 Haig Road, #01-323, Singapore 430012 situated on Lot U12166X of Mukim 25 for a total consideration of S$10,000,000 excluding GST.

The sale price was arrived at on a willing-buyer and a willing-seller basis after taking into consideration the valuation performed by Jones Lang Lasalle on 31 August 2016 and was to be satisfied in cash.

More details in http://infopub.sgx.com/FileOpen/SCPL_Ann...eID=458802
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Specuvestor: Asset - Business - Structure.

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28-06-2017, 11:54 AM.
Post: #284
RE: 2nd Chance Properties
(22-06-2017, 09:27 PM)cyclone Wrote: Sale of the property at a loss ?

Second Chance Properties Ltd announced that the company’s subsidiary, Super Chance Properties Pte Ltd ("SCP") has granted an option to Fok Chuen Yin and/or Nominee to purchase SCP’s property at 12 Haig Road, #01-323, Singapore 430012 situated on Lot U12166X of Mukim 25 for a total consideration of S$10,000,000 excluding GST.

The sale price was arrived at on a willing-buyer and a willing-seller basis after taking into consideration the valuation performed by Jones Lang Lasalle on 31 August 2016 and was to be satisfied in cash.

More details in http://infopub.sgx.com/FileOpen/SCPL_Ann...eID=458802

Nope. They made a calculation error and have since released a rectified one:

http://infopub.sgx.com/FileOpen/SCPL_Ann...eID=458940

Wouldn't have made sense to be recording a loss otherwise when the property is sold at premium to last valuation as all their investment properties are carried at valuation prices (fair value).

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28-06-2018, 07:16 PM.
Post: #285
RE: 2nd Chance Properties
Second Chance to close more baju kurung stores to arrest profit slide

By: PC Lee
28/06/18, 06:41 pm

SINGAPORE (June 28): Second Chance Properties reported a 61.6% fall in 2Q net profit to $2.1 million from $5.4 million a year ago on lower sales

Revenue for the three months ended May closed 3.2% higher at $9.7 million but cost of sales rose 10.8% to $4.9 million. This resulted in gross profit falling 3.6% to $4.8 million.

Second Chance says its apparel business continues to be affected by increasing trend of online sales as well as poor consumer spending. To prevent future losses, four more stores will be closed this year leaving only one First Lady Store in Singapore and another in Malaysia.

More details in https://www.theedgesingapore.com/second-...ofit-slide

Second Chance today closed at S$0.24.

Third Quarter Financial Results : http://infopub.sgx.com/FileOpen/Second%2...eID=512324
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Specuvestor: Asset - Business - Structure.

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17-10-2019, 06:57 PM.
Post: #286
RE: 2nd Chance Properties
Profit Guidance for the Financial Year Ended 31 August 2019

The Board of Directors of Second Chance Properties Ltd announced that, based on the preliminary review of the unaudited consolidated financial statements of the Group for the financial year ended 31 August 2019 (the “FY2019”), the Group expects lower profit for FY2019 as compared to the consolidated financial statements for the financial year ended 2018 (“FY2018”). Overall, the Group is expected to remain profitable for FY2019 and the fourth quarter ended 31 August 2019 (“4Q2019”).

The Group is expected to report a lower profit in 4Q2019 and FY2019, primarily due to unrealised loss on revaluation of properties recorded in FY2019 as compared to unrealised gain on revaluation of properties reported in FY2018. In addition, there is a loss on sale of investment property in FY2019 against profit on sale of investment property in FY2018.

This profit guidance is based on preliminary review of the unaudited financial results of the Group. Further details of the Group’s performance will be disclosed when the Company finalises and announces its unaudited financial results for FY2019 on or before 24 October 2019.
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Specuvestor: Asset - Business - Structure.

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24-10-2019, 06:39 PM.
Post: #287
RE: 2nd Chance Properties
Financial Results for the Year ended 31 August 2019 ("FY2019")

Highlights :
1. Revenue has decreased by $0.85 million or 2.69% from $31.61 million in FY 2018 to $30.76 million in FY 2019
2. The Group net profit decreased by $3.16 million from $7.91 million in FY 2018 to $4.75 million in FY 2019
3. Adjusted EBITDA increased by $0.65 million from $7.54 million in FY 2018 to $8.19 million in FY 2019
4. The net cash flow from operating activities was $13.92 million in FY 2019
5. Cash and cash equivalents at the end of the period i.e. 31 August 2019 was $11.11 million ($10.80 million at 31 August 2018)
6. Investment properties of the group totaled $159.55 million
7. As at 31 August 2019, the Group has short-term borrowings of $21.20 million ($39.10 million as at 31 August 2018)
8. The gearing ratio of the Group improved from 0.11 at 31 August 2018 to 0.04 at 31 August 2019
9. No dividend has been declared or recommended by the Board of Directors of the company for the current financial period ended 31 August 2019 as the company has declared an interim dividend of 0.4 cent per ordinary share in the 3rd quarter of FY 2019.

More details in :
1. https://links.sgx.com/FileOpen/SCPL_Unau...eID=582899
2. https://links.sgx.com/FileOpen/Annexure%...eID=582900
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Specuvestor: Asset - Business - Structure.

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