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Kingsmen Creatives

Kingsmen Creatives

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Some-one Offline
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#671
14-01-2013, 05:47 PM
I also speculate that some company is taking it private. Very kan cheong...don't know would get heart attack or not?? Big Grin
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Share Investor Offline
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#672
14-01-2013, 05:51 PM
Halted since morning. Quite a long halt...must be something significant.
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investingsgx Offline
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#673
14-01-2013, 06:16 PM
(14-01-2013, 05:51 PM)Share Investor Wrote: Halted since morning. Quite a long halt...must be something significant.

ChinaNTown also halted. But i'm unsure if there is any linkage.
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Some-one Offline
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#674
14-01-2013, 07:10 PM
(14-01-2013, 06:16 PM)investingsgx Wrote:
(14-01-2013, 05:51 PM)Share Investor Wrote: Halted since morning. Quite a long halt...must be something significant.

ChinaNTown also halted. But i'm unsure if there is any linkage.

S-chip halted is dangerous. I am not worried about Kingsmen...
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Salty Offline
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#675
14-01-2013, 07:44 PM
I speculate halt > 2 days = cash offerR
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Nick Offline
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#676
14-01-2013, 07:45 PM
(09-01-2013, 11:46 PM)Musicwhiz Wrote: It is good to note that Kingsmen continues to expand and broaden its reach, this announcement sees it setting up a subsidiary in Kunshan (China) with a paid-up capital of US$3 million.

Personally, I highly suspect a GO is in the works...but it might also be linked to this announcement a few days ago - perhaps a merger with a local player there ?

(Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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Some-one Offline
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#677
14-01-2013, 08:20 PM
whatever the case, I am actually very optimistic with regards to this halt...Big Grin
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l0nEr Offline
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#678
14-01-2013, 09:34 PM (This post was last modified: 14-01-2013, 09:34 PM by l0nEr.)
hmm... halt so long doesnt without any news... doesnt sound very pleasant to me.

The last time i kena a trading halt so long, the company did a share placement (the other one was Olam and you know what happened). Kingsmen doenst seem like they have sufficient money to make a General Offer, especially since they kinda planned to expand and buy a new building (more likely to incur debt). They probably would have made a General Offer last year if they wanted to.
That said, I havent heard any of such things from bloomberg or from the street.

Yep..USD3m sounds like quite a lot of money. But if they had won a big project there, it should had been announced long before that, since it seems pretty material.

All in all.. there was a VERY sharp run up before the trading halt. Perhaps some news got leaked out, and if thats so...its most probably good. so relax....
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wozhaodaole Offline
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#679
14-01-2013, 11:50 PM
(14-01-2013, 09:34 PM)l0nEr Wrote: hmm... halt so long doesnt without any news... doesnt sound very pleasant to me.

The last time i kena a trading halt so long, the company did a share placement (the other one was Olam and you know what happened). Kingsmen doenst seem like they have sufficient money to make a General Offer, especially since they kinda planned to expand and buy a new building (more likely to incur debt). They probably would have made a General Offer last year if they wanted to.
That said, I havent heard any of such things from bloomberg or from the street.

Yep..USD3m sounds like quite a lot of money. But if they had won a big project there, it should had been announced long before that, since it seems pretty material.

All in all.. there was a VERY sharp run up before the trading halt. Perhaps some news got leaked out, and if thats so...its most probably good. so relax....

i suspect it's an unpleasant news like a placement or rights. companies always start asking for money once they start doing something in china. they always underestimate the cost and overlook things like ktv bills, 'red packets' etc...
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newyorkcityboy Offline
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#680
15-01-2013, 02:42 PM
I put my money on a Offer being placed on the table. I suspect - as it was half baked (still being negotiated) and market price started racing up, a trading halt had to be called.

In this scenario, I hope the price offered is compelling. Otherwise, the Value Buddies here have to band up to fight off the acquirer! Smile
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