Avarga (formerly: UPP Holdings)

Wow the price has jumped by about 35% today!
I was surprised by the alert at S$0.18 (which I have set since last year).
So the speculation has finally came onshore to SGX or something is "brewing"? (:

I'd say Taiga is where the real value is!

To recap the swap price when Tongs exchanged Taiga with Avarga:
Taiga was C$1.5, Avarga was S$0.26
Taiga is C$1.25, Avarga yesterday price was S$0.15
So Avarga price is merely catching up!??

Vested, Core, selling abit to reallocate capital

RESPONSE TO SGX-ST’S QUERY REGARDING TRADING ACTIVITY

The Board and the Company’s management are not aware of the reason for the trading. However, as an investment company focused on creating value through strategic investments, the Company is constantly considering possible corporate actions and exercises to increase shareholder returns. At present, the Company is exploring opportunities relating to its paper manufacturing business. These opportunities include the expansion and/or a potential listing of this business. However, such exploration is still at a preliminary stage. There is no assurance as to whether any transaction will materialise or as to the structure of any such transaction. The Company will make appropriate announcements in the event that there are any material developments in this regard.

The Company has also been considering a possible transaction which will allow it to monetise its investment in the power plant located in Yangon, Myanmar. The terms of such possible transaction are still not finalised and are still under consideration. Again, there is no assurance as to whether any transaction will materialise or as to whether any definitive agreement will be reached. The Company will also make appropriate announcements in the event that there are any material developments in this regard.

In addition, the Company’s subsidiary, Taiga Building Products Ltd, reported strong earnings growth for the period ended 30 June 2020. In this regard, the Company notes that companies in the building materials industry in North America have generally performed strongly in the stock market given recent strong demand in housing and home renovation projects.

https://links.sgx.com/FileOpen/Response_...eID=629051

It is rare that a company give so much info and talk about possibilities when answering SGX Regco. Almost like "sales pitch"

If they didn't reply those possible transactions and later on any of them really do happen, they would have to face the song!
Avarga is an investment company hence of course they will always be exploring investment and divestment!


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Over the 3 days (from 24-26 Aug), the total transacted shares was 195M.
Avarga got about 950M shares.
So that is about 20%.
If someone were accumulating, that dude could already have 20% shares on hand.
Is anything actually brewing or just another speculation storm?
The price went up from 0.154 to 0.3 (doubled).

Sold 20%.

(26-08-2020, 06:28 PM)ksir Wrote: Over the 3 days (from 24-26 Aug), the total transacted shares was 195M.
Avarga got about 950M shares.
So that is about 20%.
If someone were accumulating, that dude could already have 20% shares on hand.
Is anything actually brewing or just another speculation storm?
The price went up from 0.154 to 0.3 (doubled).

Sold 20%.

Here is the reason for the surge...basically it is analyst coverage by KGI.

https://www.nextinsight.net/story-archiv...m-says-kgi

(26-08-2020, 10:05 PM)ngcheeki Wrote:

(26-08-2020, 06:28 PM)ksir Wrote: Over the 3 days (from 24-26 Aug), the total transacted shares was 195M.
Avarga got about 950M shares.
So that is about 20%.
If someone were accumulating, that dude could already have 20% shares on hand.
Is anything actually brewing or just another speculation storm?
The price went up from 0.154 to 0.3 (doubled).

Sold 20%.

Here is the reason for the surge...basically it is analyst coverage by KGI.

https://www.nextinsight.net/story-archiv...m-says-kgi

Based on their logic, the optimal way is to buy Taiga.
Based on their min S$40M patmi flowing from Taiga to Avarga, Taiga would earn at least C$50M.
Taiga market cap at C$1.3 is about 140M (PE less than 3).
In actual fact I have reallocated some capital from Avarga to Taiga (for semi arbitrage).


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their Msia packaging business and Power Plant quite smallish......

(27-08-2020, 05:36 PM)opmi Wrote: their Msia packaging business and Power Plant quite smallish......

yeap! but they quite sustainably contributed the 1cent dividend avarga given out in the 3 years before Taiga came into picture.
Hence even those 2 smallish dudes, u get 1cent dividend!
Before this crazy roller coaster, avarga price in past 2 years was about $0.15!
At that price, the dividend of 1c is over 6%.
I wrote about this before in my previous posts.

Avarga was dirt cheap.
Even at this price their PE is less than 10.
It is still quite cheap.

Taiga is dirt cheap now!

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ID selling out entire stake

https://links.sgx.com/FileOpen/_eFORM1V2...eID=629577