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03-03-2016, 07:13 AM
(This post was last modified: 03-03-2016, 07:17 AM by BlueKelah.)
you could try use the ticker symbol D38 to find CDW listing in Saxo??
The joint venture thing in late 2014 was just a proposal which CDW subsidiary Tomoike HK would contribute USD7.5m.
[The formation of the EJV is subject to the initial approval of the Suzhou Industrial
Park Economic & Trade Development Bureau in Suzhou (the “SIPETDB”) and the final
approval from the relevant authority in Beijing, the PRC. Upon the approval of the
SIPETDB and the relevant authority, the parties shall adopt the terms of the LOI as
the articles of association of the EJV. Under the supplemental agreement, Tomoike
HK may withdraw from the LOI at any time by giving the JV Partner a written notice
of its intention to do so.]
Apparently since there is no news, we can assume that this PROPOSED joint venture has been called off as the china company was a real estate company in Suzhou. Maybe even bankrupt already since the property decline past year.
Late last year there was an announcement of establishment of another company via Tomoike HK but it was not the aforementioned investment company. See no reason for CDW to not announce if it went ahead. Also financials have not shown any movement of the PROPOSED 7.5m out of the company. Maybe can email the company to clarify but I am not that concerned.
I think the past 2 quarters have been pretty bad already with revenue at historical low of 27m so any rebound in business could be sooner. Hopeful next quarterly there is at least some increase back to 40m or more. Though I do think the new technology should have come about sooner. Perhaps CDW need to establish a R&D budget and look into having some OLED capacity.
However I am not too worried as globally it's pretty bad times and CDW is transitioning to new technologies. After paying down debt to now ~7% of market cap which is pretty insignificant level considering cash is ~94.5% of market cap which makes net cash about 87.7% today.
Basically CDW is a bit of a shell company now waiting to ramp up production with new technology. If they don't succeed with the future ramp up of light guide, then there's always option to divest their factories or switch to making something else. Just wait and see how loh. IMHO downside is limited with such high cash holding and any dips will make it too attractive to ignore..
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A 11.5% jump in price today out of thin air.
I am not able to see any announcements from the SGX web-site which can explain why there was a jump.
1,278,000 shares traded, so not exactly low volume.
Any VB has an idea as to why there is a sudden jump?
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DUn get too excited, just one day only, I suspect its just the company doing share buy back again, probably will get announcement soon. Small amount will move the price up quickly since its a usually very thinly traded.
If not means Sharp and Foxconn have finally signed the buyover which has been delayed long time and could have been reported in Japanese news but not in our english based news yet. But unlikely since Foxconn seems like want to see the next quarter april report from sharp before proceeding.
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I guess you are right, just that it seemed very odd for it to jump.
I checked on the Sharp Foxconn take over, the short answer is no news.
http://www.reuters.com/article/us-sharp-...SKCN0WI046
On top of yesterda's jump, another 6% jump today.
Yes, the volumes are low.
Ah well, one can always wait and watch
Disclaimer :-
I am not an investment professional.
I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.
Nothing written here is an invitation to buy or sell any particular stock.
At most, I am handing out an educated guess as to what the markets may do.
The market will always find a new way to make a fool out of me (and maybe, even you!).
Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.
I am not immune to that, so please understand that any past success of mine will probably be followed by failures
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18-03-2016, 12:18 PM
(This post was last modified: 18-03-2016, 12:32 PM by BlueKelah.)
Of course could be a delisting coming up as well.
Lantrovision also recently announce buy up by Japanese firm and it gap up. Perhaps with the excess liquidity from the ABenomics stimulus, Japanese big tech companies could now be on an aquisition spree for Value buys in Singapore.
No point speculating, just wait for it hit the fair value, which is around 20cents+ for me then I will sell again, since STI has been recovering as well to above 2900 points now from all the oil and commodity exuberance 
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(18-03-2016, 12:18 PM)BlueKelah Wrote: Of course could be a delisting coming up as well.
Lantrovision also recently announce buy up by Japanese firm and it gap up. Perhaps with the excess liquidity from the ABenomics stimulus, Japanese big tech companies could now be on an aquisition spree for Value buys in Singapore.
No point speculating, just wait for it hit the fair value, which is around 20cents+ for me then I will sell again, since STI has been recovering as well to above 2900 points now from all the oil and commodity exuberance
Don't think it's a delisting
CDW just went up again substantially on apparently zero news...
And the volume is pretty strong too.
And the spreads has narrowed such that now it's literally non existent, so it's a sustained rise, not some freak result.
The upcoming div yield is juicy and attractive, but I cant believe that's the only reason for this sudden increase.
It's almost 30% or so in the past week alone.
Maybe related to the foxconn - sharp deal
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18-03-2016, 07:04 PM
(This post was last modified: 18-03-2016, 07:06 PM by Radon.)
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(18-03-2016, 07:04 PM)Radon Wrote: Dont think this can affect price that much
http://sgx.i3investor.com/servlets/anpth/234048.jsp
Now this is certainly a surprise.
Bangladesh?
What is CDW doing in Bangladesh
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18-03-2016, 10:13 PM
(This post was last modified: 19-03-2016, 08:48 PM by BlueKelah.)
(18-03-2016, 09:50 PM)GFG Wrote: (18-03-2016, 07:04 PM)Radon Wrote: Dont think this can affect price that much
http://sgx.i3investor.com/servlets/anpth/234048.jsp
Now this is certainly a surprise.
Bangladesh?
What is CDW doing in Bangladesh
sounds like a substantial investment of 2m SGD. Could be something big coming up. It has been shown SGX Market often gets excited when companies venture into new emerging markets like myanmar.
Maybe set up new factory with the new technology for cheaper production cost there. Which may mean they have got some big orders coming in?
ohh.. so fun but useless to speculate.. hope it go back above 20c again
maybe they knew this good news will push price back up above 20cents hence delay the share consolidation...
Addit : http://www.bloomberg.com/news/articles/2...al-yomiuri
Hon Hai, Banks Agree on Sharp Credit Line to Close Deal: Yomiuri
Hon Hai Precision Industry Co. has reached a basic agreement with Sharp Corp.’s banks over a 300 billion yen ($2.7 billion) credit line, according to the Yomiuri newspaper, potentially clearing a hurdle toward a takeover of the Japanese electronics maker.
Under the agreement, Sharp would be able to borrow from its main banks, Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc., if it suffers losses from potential liabilities or needs new investments, the Yomiuri said, without giving the source of the information. The banks are also considering waiting for about a month on Sharp’s repayment of about 510 billion yen in loans due at the end of March if talks with Hon Hai are prolonged, according to the newspaper.
Sharp spokesman Yoshifumi Seki declined to comment, while calls to Mizuho and MUFG went unanswered Saturday. Louis Woo, a spokesman for Foxconn Technology Group, Hon Hai’s parent company, said in an e-mail that “there is no update from our side.”
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Another 3% up today so far.
This one though is on very low volume, (so far).
http://www.reuters.com/article/us-sharp-...SKCN0WM021
The Foxconn offer is lower.
Disclaimer :-
I am not an investment professional.
I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.
Nothing written here is an invitation to buy or sell any particular stock.
At most, I am handing out an educated guess as to what the markets may do.
The market will always find a new way to make a fool out of me (and maybe, even you!).
Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.
I am not immune to that, so please understand that any past success of mine will probably be followed by failures
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