AF Global (formerly: LCD Global Investments Ltd)

Take note that the last day of submission for proxy forms is TOMORROW MORNING 10am

http://www.businesstimes.com.sg/companie...lobals-agm

Aspial Corp CEO not voted in at LCD Global's AGM
By
Lynette Khoolynkhoo@sph.com.sg@LynetteKhooBT
31 Oct5:50 AM
Singapore

AGAINST market expectations of winning a board seat at LCD Global Investments, Aspial Corporation chief executive officer Koh Wee Seng failed to garner sufficient votes from other shareholders at the annual general meeting (AGM) on Thursday.

Mr Koh, who has a total deemed

Japos possibly linked to introducer Lum Brothers and now Aspial Koh... value unlocking can wait long long but keep moving ahead with more fund raisings definitely possibilities... anyway, share price high enough to make informed choices...

LCD Global proposes 1-for-10 convertible bond issue to raise $105.4 million
Published on Dec 5, 2014 9:01 PM


By Dennis Chan

SINGAPORE - LCD Global Investments has proposed a renounceable rights issue to raise up to $105.4 million in convertible bonds.

The five-year bonds, which bears an interest of 2.5 per cent a year, will be offered on the basis of 100 for every 1,000 shares owned.

LCD has appointed HL Bank Singapore to manage the rights issue.

Subscribers may convert the bonds to shares by paying a conversion price of 25 cents apiece during the life of the bond.

(06-12-2014, 08:14 AM)greengiraffe Wrote: Japos possibly linked to introducer Lum Brothers and now Aspial Koh... value unlocking can wait long long but keep moving ahead with more fund raisings definitely possibilities... anyway, share price high enough to make informed choices...

LCD Global proposes 1-for-10 convertible bond issue to raise $105.4 million
Published on Dec 5, 2014 9:01 PM


By Dennis Chan

SINGAPORE - LCD Global Investments has proposed a renounceable rights issue to raise up to $105.4 million in convertible bonds.

The five-year bonds, which bears an interest of 2.5 per cent a year, will be offered on the basis of 100 for every 1,000 shares owned.

LCD has appointed HL Bank Singapore to manage the rights issue.

Subscribers may convert the bonds to shares by paying a conversion price of 25 cents apiece during the life of the bond.

The Japs are clearly out to screw Koh with this poison pill tactic. There is no clear need to raise funds at the moment as admitted in the announcement.

The Japs are also circumventing SGX rules by doing a bond issue because a bond issue does not need SGX approval compared to a general rights issue

If Want to unlock value, sometime need to follow major shareholders all the way.

Major shareholders put in money also need to take out in future.

Certainly not with LCD's former holders, their new buyers and also the hostile interests... I have no confidence...

(06-12-2014, 11:32 AM)opmi Wrote: If Want to unlock value, sometime need to follow major shareholders all the way.

Major shareholders put in money also need to take out in future.

More pattern and more drama coming for JTrust that's deemed not experience in this area? Are they a "financier" or really keen on asset?

LCD worth much more than 25-30cts to be worth fighting...

(27-09-2014, 11:52 AM)specuvestor Wrote: Looks like Koh is catalyst for JTrust to be white knight then

(22-09-2014, 12:49 PM)specuvestor Wrote: interesting... how does Koh fit into this... is he opportunistic or he was catalyst

Takeover offer is here! 33c a share from Mr Koh! Assuming no rights issue. Or 30c if the RCB issues goes ahead

Offer for LCD shares 'viable exit alternative' for shareholders: AF Global
By Mindy Tan tanmindy@sph.com.sg@MindyTanBT
12 Jan 8:53 AM
AF Global's offer for all the offer shares in LCD Global Investments is a "viable exit alternative" for LCD shareholders, said the company on Monday....

http://businesstimes.com.sg/companies-ma...-af-global

This thread should really be renamed AF Global and moved to the appropriate subforum.

Since the takeover, AF Global has been distributing significantly more dividends than it earns.
For FY 2015, EPS was only 1.07c, but a total of 3.50c of dividends/share were paid out.
Likewise, this year EPS for 9M 2016 adds up to only 0.55c, but management has already declared interim and final dividends/share of 2.25c.

Are the Koh brothers using the cash generated from this company to service debt in their main companies? Aspial in particular is quite heavily indebted... but why make an offer for 33c/share in the first place then?