Zagro Asia

you're right, mixed up the dates

(14-08-2014, 10:31 AM)madagnet Wrote: The CF statement change would be change in the first half of the FY, i.e. change from 31 Dec 2013.

The difference between the inventory in the balance sheet that you are comparing with would be between 30 June 14 and 30 June 13 (one year).

Hope this helps.

(14-08-2014, 10:15 AM)ksir Wrote: Zagro's 2014 H1 report is out.
http://infopub.sgx.com/FileOpen/Zagro_SG...eID=309410

A rather curious figures caught my attention.
I noticed the Balance Sheet & Cashflow figures are rather not in balance.
Not sure if I perceived it wrongly (I am not an Accountant).

Just for sharing, please take this as educational sharing:
Inventories - Balance Sheet
2013-Dec-31: 31,824
2014-Jun-30: 42,136

Cash Flow - Changes in Inventories for 2014 H1: 172

That goes for Receivable & Payable as well.

Any accountants could help to verify?

1H (ended 30Jun15) result just out.....
http://infopub.sgx.com/FileOpen/Zagro_SG...eID=364487

Steady, steady, and with improvement in revenue and profits at all levels. Zagro Asia has applied the FCF generated in the 1H to pay down short- and long-term debts by approx. $4.6m, and remains in a net cash position to the tune in excess of $13.0m.

prudent management,

have to keep some cash for opportunity investing soon,

Zagro trading has been halted this morning pending an announcemnt.
The full year results is not due Feb 2016. They dont announce Q3 results.

Something positive coming up ...?

(03-11-2015, 11:10 AM)changwk Wrote: Zagro trading has been halted this morning pending an announcemnt.
The full year results is not due Feb 2016. They dont announce Q3 results.

Something positive coming up ...?

I hope to cheer "Ho Seh Liao!" after reading the announcement. 

30 cents exit offer. 


http://infopub.sgx.com/FileOpen/Joint%20...eID=376312

(03-11-2015, 05:25 PM)hailstorm87 Wrote: 30 cents exit offer. 


http://infopub.sgx.com/FileOpen/Joint%20...eID=376312

I think its a lousy offer and i will reject it.

Zagro's NTA was $0.3458

they should at least offer that, imo

(03-11-2015, 05:55 PM)Nebula Wrote:

(03-11-2015, 05:25 PM)hailstorm87 Wrote: 30 cents exit offer. 


http://infopub.sgx.com/FileOpen/Joint%20...eID=376312

I think its a lousy offer and i will reject it.

Zagro's NTA was $0.3458

they should at least offer that, imo

I feel that way. Think the last time they launched a general offer for it - it was $0.15 when the shares were trading at $0.30. 
Majority shareholder has about 66% - and need 9% more for a the delisting resolution. Alternatively, 10% of the shareholders can vote against the delisting resolution and the Company will remain listed. 

At the same time, the offer is timed nicely - about 3 months before Feb 2016 where most investors can expect about dividends of about 1c per share. 

That said - as a matter of fact, the offer is not a premium over NTA. Hope the IFA highlights your point then.

CEO and controlling shareholder PBS must be wrongly advised on the GO price of $0.30/share. My take is that he has "ZERO" chance of success even under the prevailing weak SG stock market conditions.

Zagro Asia's latest (30Ju15) NAV/share at $0.3458 does not include the additional hidden value in the group's industrial properties, IPs and the "Zagro" brand. My own take is that the fair intrinsic value of each Zagro Asia share should be at least $0.50.

Like in all privatisation GO's by the controlling shareholder before this - who is obviously guided chiefly by his own interests - let the game begins, and may all stakeholders and minority shareholders be guided by wisdom, courage, and patience.

(03-11-2015, 06:05 PM)dydx Wrote: CEO and controlling shareholder PBS must be wrongly advised on the GO price of $0.30/share. My take is that he has "ZERO" chance of success even under the prevailing weak SG stock market conditions.

Zagro Asia's latest (30Ju15) NAV/share at $0.3458 does not include the additional hidden value in the group's industrial properties, IPs and the "Zagro" brand. My own take is that the fair intrinsic value of each Zagro Asia share should be at least $0.50.

Like in all privatisation GO's by the controlling shareholder before this - who is obviously guided chiefly by his own interests - let the game begins, and may all stakeholders and minority shareholders be guided by wisdom, courage, and patience.

Aiya,

Zagro's historical results has been volatile. They have previous records of low ball attempt... 

When low global commodity prices continues, it will be a convenient excuse to delist a company with steeply undervalued assets to strip it once and for all.

Honourable or not.... shareholders shall decide.

Truth is core business has been tough and will continue to be tough... controlling shareholders seriously won't care much as it will be business as usual for them is any attempts fail.

Not Vested
GG