ICP

[Harvest Time]

Any idea why Mr Aw bought quite a lot of ICP shares recently.

13.035m shares at $182,490
17.551m shares at $245,714

http://infopub.sgx.com/FileOpen/MrAw_eFO...eID=297507

[Harvest Time]

Mr Aw bought 22m shares at $340,000

http://infopub.sgx.com/FileOpen/eFORM1V2...eID=298784

Mr Aw bought 20m shares at $340,000
He bought 16m shares at $272,000

http://infopub.sgx.com/FileOpen/eFORM1V2...eID=299369



He bought 10m shares at $170,000
http://infopub.sgx.com/FileOpen/eFORM1V2...eID=299817

[Harvest Time]

Total shares bought 98.586m shares
Total amount invest by Director $1.55m

[BlueKelah]

maybe related to the 17.2% share in the australian company which is gonna get spinoff and IPO, though the IPO is only worth 2million and ICP share is only 17.2%?? or maybe good news coming in the next financial report?

Or maybe he is just supporting share price as it was dropping pretty badly and could force ICP to kena delisted.

What a crazy rights issue they had previously, 1 rights for 1 share, thats some crazy s**t

[Harvest Time]

On 6 January 2014, the Board issued a circular to all shareholders informing them, amongst
others, the proposed diversification of the business scope to include (i) ownership,
management and chartering of vessels, and other marine and offshore assets and (ii) mineral,
oil and gas (“MOG”) business. As part the of the reorganisation strategy, the Group will also
cease the electroplating business. An Extraordinary General Meeting was held on 21 January
2014, the proposed diversification of business, cessation of electroplating business and the
sale of its factory premise were duly approved by the shareholders.

http://infopub.sgx.com/FileOpen/Results_...ileID=4354


http://infopub.sgx.com/FileOpen/Announce...eID=289120

[Harvest Time]

Doing some research, look like this company may turn around soon after new mgmt. take over 1.5 years (Dec 2012) ago.

(Old management)
Y2011
Net profit -$10.91m
Net Profit (due to share holder) -$8.712m

(Old management)
Y2012
Net profit -$4.672m
Net Profit (due to share holder) -$7.764m

(New management take over)
Y2013
Net profit -$0.997m
Net Profit (due to share holder) -$3.267m

(New management)
Y2014 (1H)
Net profit $28,000, i.e. $0.028m
Net Profit (due to share holder) -$0.286m

[Harvest Time]

ICP has $10.57m cash and fixed deposit base on 1H 2014 result.
It has $6.152m debt.

ICP had disposed recently 5 Loyang Drive property
(From ICP 2013 annual report)
Cost $6.792m
Less accumulated depreciation -$4.076m
Net carry value $2.716m

So selling 5 Loyang Drive property may raise few million cash (11 years lease left with option to renew 28 years)

[Harvest Time]

ICP raise $12.5m in cash after deduct issue right expenses.

Estimate cash will be around $12.5m + $$10.57m + $2.716m

It will have around $25.786m cash/fixed deposit for expansion.

[Harvest Time]

ICP raise $12.5m in cash after deduct issue right expenses.

Estimate cash will be around $12.5m + $$10.57m + $2.716m

It will have around $25.786m cash/fixed deposit for expansion.

It should be
Estimate cash will be around $12.5m + $$10.57m + $11.8m = $34.87m

They sold the property for $11.8m and book $2.3m gain.


http://www.stproperty.sg/articles-proper...m/a/138955

[greengiraffe]

ICP is the former Goldtron...

Singaporeans in $3m Travelodge rights deal
LISA ALLEN AND BEN WILMOT THE AUSTRALIAN JUNE 26, 2014 12:00AM

Lisa Allen

Property & Tourism Reporter
Sydney
SINGAPORE investment group ICP has bought the rights to the popular Travelodge resort chain for just $3 million, allowing it to roll out the brand in up to 22 Asia-Pacific countries.

Announcing the deal to the Singapore stock exchange yesterday, ICP said the agreement excluded Australia and New Zealand, where 17 Travelodge ­hotels and serviced apartments operate in major capital cities.

The vendors were Mirvac and motoring organisation NRMA, who have retained the trademark rights to Travelodges in Australia and New Zealand.

The deal appears to be a backwards step for the motoring ­organisation, which last year said it would bulk up its balance sheet with more tourism assets, ­planning to launch the Travelodge brand in Asia with Mirvac.

China, Japan and South Korea were among the expected launch countries for the four-star brand controlled by NRMA and Mirvac in a 50-50 joint venture, NRMA chief executive Tony Stuart told The Australian at the time.

ICP, which specialises in manufacturing, ship chartering, trading and investment, is clearly eyeing hotel investment.

Mr Stuart could not be reached for comment last night.

In a statement, ICP said it regarded the acquisition as an opportunity to gain access to an established international midscale hotel brand.

The Travelodge brand is separately owned in Britain and ­Europe.