Hai Leck

(25-03-2011, 12:44 PM)tonylim Wrote: The original warrant holders subscribed to the waraant at 1 cent each.
The Chengs and the Lees are major shareholders, unlikely they will let it expire for nothing, infact some warrant holders has already converted.
Use 27 cents to buy back shares at below 27 cents ,can buy back more than new issues.

are you feeling happier to commit around 30 million in the company balance sheet for no reason instead of losing the mere 1 million warrant subscription expense?

(23-03-2011, 09:06 AM)dydx Wrote:

(22-03-2011, 09:35 PM)cif5000 Wrote: Are you positive or negative for this stock at this price?

Hai Leck does have a well-established business, providing a range of essential engineering services to the O&G majors. Its management is also proven.

If the company continues to buy back shares at the current price level, then there would be a 'safety net' for public shareholders. Whether the share price would be re-rated upwards towards its justified fair value, I guess it will depend very much on the company's corporate actions.

Rarely do I see a reversal in your opinion. Cheers for that. Hope to engage in more discussions with you in the future.

Today (28Mar11), Hai Leck bought back another 50 lots and paid $0.25/share.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument

Do note that todate, Hai Leck has made 6 separate purchases, totalling 460 lots, equivalent to 0.142% of the total 325.061m outstanding issued shares.

Today (29Mar11), Hai Leck bought back another 55 lots at $0.245/share.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument

0.285 now, big dividend coming ?

Holders of Hai Leck warrants should take note of the coming expiry of the instrument on 24Nov11.....
http://info.sgx.com/webcoranncatth.nsf/V...B0015E21E/$file/HLH_Notice_of_Expiry_of_Warrants.pdf?openelement

Since Hai Leck share price has persistently stayed below $0.26 (the exercise price of the expiring warrants), we can reasonably exect very few holders will convert their warrants into new Hai Leck shares.

I was supposed to attend the AGM yesterday but on my way to Tuas, I met with an car accident, it delayed and upset everything.
Hope some friends here can help to highlight some important issues raised in the AGM. Thanks in advance.

Hai Leck announced an acquisition today of United Holding Pte Ltd for $2.75 million. The target company has a clean Balance Sheet and is profitable (net margin slightly below 5%).

See announcement:-

http://info.sgx.com/webcoranncatth.nsf/V...800258AB9/$file/HLH-Acquisition_of_Shares.pdf?openelement

(Not Vested in Hai Leck, but vested in MTQ which owns some Hai Leck shares)

4Q result was rather impressive but FY12 profit downed.
Revenue seems volatile.

(30-11-2011, 05:35 PM)Musicwhiz Wrote: Hai Leck announced an acquisition today of United Holding Pte Ltd for $2.75 million. The target company has a clean Balance Sheet and is profitable (net margin slightly below 5%).

See announcement:-

http://info.sgx.com/webcoranncatth.nsf/V...800258AB9/$file/HLH-Acquisition_of_Shares.pdf?openelement

(Not Vested in Hai Leck, but vested in MTQ which owns some Hai Leck shares)

hi musicwhiz,

how do you know MTQ owns shares in Hai Leck?