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Blumont
19-10-2014, 03:59 PM.
Post: #241
RE: Blumont
Actually IMHO the biggest risk of margin financing is that technically they can withdraw your line anytime, even if u just leverage buy Singtel shares.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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19-10-2014, 05:08 PM.
Post: #242
Blumont
(19-10-2014, 03:59 PM)specuvestor Wrote: Actually IMHO the biggest risk of margin financing is that technically they can withdraw your line anytime, even if u just leverage buy Singtel shares.

To add, another big risk is your collateral becomes non-marginable. Illiquid deep value stocks are prone to this risk.


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"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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24-10-2014, 09:04 PM.
Post: #243
RE: Blumont
Just happen to see the announcement during my regular scanning...

(not vested)

----
The Board of Directors (the “Board”) of Blumont Group Ltd. (the “Company”, and together
with its subsidiaries, the “Group”) wishes to announce that the Group is expected to report
net losses for the third quarter (“3Q2014”) and nine months ended 30 September 2014
(“9M2014”).

http://infopub.sgx.com/FileOpen/9M2014_R...eID=319477
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡

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24-10-2014, 10:05 PM.
Post: #244
RE: Blumont
The co is now being left to rot...

(24-10-2014, 09:04 PM)CityFarmer Wrote: Just happen to see the announcement during my regular scanning...

(not vested)

----
The Board of Directors (the “Board”) of Blumont Group Ltd. (the “Company”, and together
with its subsidiaries, the “Group”) wishes to announce that the Group is expected to report
net losses for the third quarter (“3Q2014”) and nine months ended 30 September 2014
(“9M2014”).

http://infopub.sgx.com/FileOpen/9M2014_R...eID=319477

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12-11-2014, 07:31 AM.
Post: #245
RE: Blumont
http://www.businesstimes.com.sg/companie...red-for-q3

Absence of fair-value gains drags Blumont into the red for Q3
Full-year deficit expected as Q3 registers a S$13.48m loss, against a S$33.73m profit a year ago

By
Angela Tanangelat@sph.com.sg
bloo2222578.jpg Blumont Group has sunk into the red for the third quarter ended Sept 30, 2014, given the absence of the S$40.91 million net unrealised fair value gains on its financial assets seen a year ago. PHOTO: BLOOMBERG
12 Nov5:50 AM
Singapore

BLUMONT Group has sunk into the red for the third quarter ended Sept 30, 2014, given the absence of the S$40.91 million net unrealised fair value gains on its financial assets seen a year ago.

Instead, it incurred S$1.74 million in net other losses in the third quarter

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20-05-2015, 03:07 PM.
Post: #246
RE: Blumont
IIRC, Blumont is the only company chosen the "downgrading route"...

(not vested)

Blumont mulls transfer of listing to Catalist board

SINGAPORE (May 20): Blumont Group ( Financial Dashboard) announced it is considering a transfer of the company’s listing from the Mainboard of the Singapore Exchange to the Catalist board.

Blumont said the proposed transfer will provide the company with a more suitable platform for the listing and trading of its shares and better allow the company to attract investors in the future.

In addition, issuers on the Catalist board do not have to comply with the Mainboard minimum trading price requirement of 20 cents as a continuing listing requirement.

As such, Blumont, which is trading at 1.1 cents as at 11:55 a.m., said it will not be proceeding with its proposed share consolidation announced on April 24.
...
http://www.theedgemarkets.com/sg/article...list-board
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡

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20-05-2015, 06:23 PM.
Post: #247
RE: Blumont
Blumont is not the only one. There are a few others who had already chosen to downgrade to Catalist. Joyas, LionGold, Sinjia Land etc

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17-09-2017, 04:41 PM.
Post: #248
RE: Blumont
http://infopub.sgx.com/FileOpen/Offer%20...eID=468305

Might have caught notice of Blumont takeover offer a little late. The takeover offer is at $0.000182 or 0.0182 cents. This is far lower than the lowest bid in SGX of $0.001 or 0.1 cents. Really strange

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17-09-2017, 06:53 PM.
Post: #249
RE: Blumont
first time see $0.000182.... Big Grin Big Grin Big Grin

wonder how did they come up with this figure? Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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18-09-2017, 07:35 AM.
Post: #250
RE: Blumont
Just for discussion purposes, hw to block such an unfair deal?

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