Falcon Energy Group

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#11
Trading halt : Pending release of an announcement.. I am wondering what is it ? Right issue ?
Specuvestor: Asset - Business - Structure.
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#12
(10-12-2014, 09:12 PM)cyclone Wrote: Trading halt : Pending release of an announcement.. I am wondering what is it ? Right issue ?

Wouldn't want to jump the gun when I saw your post but I think now more or less related to CH offshore, CHO also halted.
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#13
FEG announced VOLUNTARY CONDITIONAL CASH OFFER FOR CH OFFSHORE LTD.

If it is a all-debt route, wouldn't it simply bumped up metrics like EPS and BV? How do one value FEG share price after the acquisition?
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#14
(12-12-2014, 09:43 AM)GPD Wrote: FEG announced VOLUNTARY CONDITIONAL CASH OFFER FOR CH OFFSHORE LTD.

If it is a all-debt route, wouldn't it simply bumped up metrics like EPS and BV? How do one value FEG share price after the acquisition?

>50% can consolidated accounting profits.

>50% <100%, accounting profits only. No access to cashflow. only way to get cash is to pay div.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#15
(12-12-2014, 09:50 AM)opmi Wrote:
(12-12-2014, 09:43 AM)GPD Wrote: FEG announced VOLUNTARY CONDITIONAL CASH OFFER FOR CH OFFSHORE LTD.

If it is a all-debt route, wouldn't it simply bumped up metrics like EPS and BV? How do one value FEG share price after the acquisition?

>50% can consolidated accounting profits.

>50% <100%, accounting profits only. No access to cashflow. only way to get cash is to pay div.

Seems like market is of the view that this will not go thru or FEG has to raise offer price. CHO price shoot beyond $0.495 while FEG price raised and quickly collapsed back to pre-announcement price.
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#16
Oil price continue to slide, may not be a good move for feg, better if they waited few more months for cho to become cheaper

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#17
Latest research on FEG and CHO here:
http://stockresearchasia.com/1/category/...ltd/1.html

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#18
Falcon's hunt for CHO might encounter short-term volatility. Hopefully they can batten down the hatches till the storm is over.

(Vested)
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#19
To paraphrase ghchua :  
Falcon Energy Group Limited W160617, Exercise price = SGD 0.43, Conversion ratio = 1:1, Expired at 5.00 p.m. on Friday, 17 June 2016 => Warrants expired worthless.
Specuvestor: Asset - Business - Structure.
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#20
Dear Value Buddies,

An Idea to share: (The Magic of percentage)

Investor A bought a share of $1.00 per unit and it drops to $0.10. He lost 90%
Investor B bought the same share at $0.10 per unit and it rises back to $1.00. He gains 900%

Investor A put in $100,000, it became $10,000
Investor B put in $100,000, it becomes $1M.

Both person put in $100,000. One left with $10,000 & the other becomes a Millionaire.

Best World International (BWI) was trading at $1.16 on 25th Sept 2007.
I bought it on 19th Feb 2009 at $0.172 per unit as it was down by 85%
I sold part of it on 8th June 2016 at $1.37 per unit. (Gain 696%)

I used the proceed to invest in 3 different stocks:

1. Bought Accordia Golf Trust for dividend, yield about 12% PA
2. Bought Ezra as it has gone down by 96% from its high.
3. Bought Falcon for growth.

Let us take a look at Falcon.

Share Price on 27th Sept 2009 was $0.99 per share. (Adjusted Historical High)
This stock is now traded at $0.193 (Down by 80%)

According to my records, the company made profit & paid dividends every year from 2010 to 2015.
E&OE
Past Performance is not necessarily indicative of its future performance but may serve as a good guide.

Looking for a repeat of BWI.
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