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Hai Leck

Hai Leck

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propertyinvestor Offline
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#111
23-11-2012, 12:40 AM
Closed at 21c today....wonder who has been buying over the past few days....
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cfa Offline
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#112
23-11-2012, 09:20 AM
(23-11-2012, 12:40 AM)propertyinvestor Wrote: Closed at 21c today....wonder who has been buying over the past few days....

'Interesting, sellers from Lim & Tan and UOB today'

Are you going to buy more ? Smile
“risk comes from not knowing what you’re doing.”
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propertyinvestor Offline
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#113
23-11-2012, 10:31 AM
(23-11-2012, 09:20 AM)cfa Wrote:
(23-11-2012, 12:40 AM)propertyinvestor Wrote: Closed at 21c today....wonder who has been buying over the past few days....

'Interesting, sellers from Lim & Tan and UOB today'

Are you going to buy more ? Smile

I dont have any at the moment. Was queuing at 19c - 20c, but couldnt get it. Had to call my remisier to do some investigation for me. Smile
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propertyinvestor Offline
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#114
23-11-2012, 11:51 PM
No volume done today at all!
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cfa Offline
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#115
24-11-2012, 07:52 AM
(23-11-2012, 11:51 PM)propertyinvestor Wrote: No volume done today at all!

Rather common for HL. Free float is only about 15% and many are strong holders or investors, not easy to buy more or sell more. It can fly up in very thin vol. and vice versa.
“risk comes from not knowing what you’re doing.”
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portuser Offline
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#116
24-11-2012, 08:31 AM
How should one assess the acquisition of Tele-centre, which is in the business of providing call centre services, telecommunications and information technology, from Hai Leck's controlling shareholders?
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cfa Offline
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#117
24-11-2012, 10:29 AM (This post was last modified: 24-11-2012, 10:31 AM by cfa.)
(24-11-2012, 08:31 AM)portuser Wrote: How should one assess the acquisition of Tele-centre, which is in the business of providing call centre services, telecommunications and information technology, from Hai Leck's controlling shareholders?


From the annual report , this company owned by the Chengs and Lee see kee personally. It was a RPT and now HL owns it. It is a profitable company currently but not that fantastic as it contribute very little to HL operating profit, we have yet to see its true color .
Thought many tele-centre have been outsourced to Philipine,India, China ???
Just wonder why they wanted to sell it to HL ?
Off load or add value to HL ? Now the Chengs own almost 85% of HL , it should be of no difference to the Chengs.
Is this another tell-tale sign that the Chengs would take HL private in future ?

Hi Portuser,
What is your opinion on this tele-centre deal and future of HL ? What are the chances of the Chengs taking HL private ? Hope The chengs take it private and bail the minorities out with a higher IPO price of 0.26.
IMO, cost of opportunity is high for holding on to this illiquid stock.
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portuser Offline
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#118
24-11-2012, 05:15 PM
Tele-centre's website may provide the list of clients. By calling a client, you may be able to tell where the call centre is based.
Sellig Tele-centre to Hai Leck might have provided Mr Cheng some cash to buy out the other two substantial shareholders.
Hai Leck's 1Q results are uninspiring, raising doubt as to whether its EPC project is earning a good margin.
Mr Cheng can bid low in privatisation as all he needs is a third of the shares that he does not own.
But the warrant issue is still on the card. It is superfluous in a privatisation plan, unless it is a ploy used to raise his stake, making subsequent privatisation cheaper and easier.
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valueinvestor Offline
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#119
24-11-2012, 06:12 PM (This post was last modified: 24-11-2012, 07:27 PM by valueinvestor.)
He and his wife still own 12% of Hiap Seng. If he sells this 12%, he can use the proceeds for the balance 15% of HaiLeck. If base on 0.26 , he needs about 13.5m .
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#120
24-11-2012, 08:36 PM (This post was last modified: 24-11-2012, 08:41 PM by propertyinvestor.)
(24-11-2012, 05:15 PM)portuser Wrote: Tele-centre's website may provide the list of clients. By calling a client, you may be able to tell where the call centre is based.
Sellig Tele-centre to Hai Leck might have provided Mr Cheng some cash to buy out the other two substantial shareholders.
Hai Leck's 1Q results are uninspiring, raising doubt as to whether its EPC project is earning a good margin.
Mr Cheng can bid low in privatisation as all he needs is a third of the shares that he does not own.
But the warrant issue is still on the card. It is superfluous in a privatisation plan, unless it is a ploy used to raise his stake, making subsequent privatisation cheaper and easier.

Whats wrong with the Q1 results? Its looks ok to me. Huh
(24-11-2012, 05:15 PM)portuser Wrote: Tele-centre's website may provide the list of clients. By calling a client, you may be able to tell where the call centre is based.
Sellig Tele-centre to Hai Leck might have provided Mr Cheng some cash to buy out the other two substantial shareholders.
Hai Leck's 1Q results are uninspiring, raising doubt as to whether its EPC project is earning a good margin.
Mr Cheng can bid low in privatisation as all he needs is a third of the shares that he does not own.
But the warrant issue is still on the card. It is superfluous in a privatisation plan, unless it is a ploy used to raise his stake, making subsequent privatisation cheaper and easier.

The call center business should generate good cashflow
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