Imperium Crown (formerly: Communication Design International)

[pool100]

Hi, anyone here noticed this stock Imperium Crown?

I think it's a turnaround biz and there's growth potential after the RTO exercise.

It's now a property play in Japan and NAV is about 12 cent. Currently trading at about half of that at about 6 cent+.

Due to the negative interest rates by BOJ, I believe property values and search for yield there will be in play.

[TUBInvesting]

Hi, anyone here noticed this stock Imperium Crown?

I think it's a turnaround biz and there's growth potential after the RTO exercise.

It's now a property play in Japan and NAV is about 12 cent. Currently trading at about half of that at about 6 cent+.

Due to the negative interest rates by BOJ, I believe property values and search for yield there will be in play.

Yup I noticed too.

Recently I see IPC Corp being able to sell their japanese properties fo a significant gain as well as Saizen REIT doing a similar action.

But I am wondering if Imperial Crown management has the ability to do the same? What kind of experience do they have?

(Not vested)

[pool100]

Based on price action and volume, there is increased buyer interest last week. This week should see more sustained buying.

I think it's undervalued at the moment.

[Reyes]

hmmm ..... interesting.... consider adding to my watchlist ...
trading volume have been active since last week.

(thinking whether to vest ?!?!)

[cyclone]

I wonder what irregularities ?

Possible Irregularities - Interim Dividend for Financial Perioud ended 31 December 2015

Imperium Crown Limited (the "Company") refers to its announcements made on 11 February 2016 in relation to its interim one-tier tax-exempt dividend of 0.1 Singapore cents per ordinary share for the financial period ended 31 December 2015 (the "Interim Dividend"). The Interim Dividend was paid out to shareholders of the Company ("Shareholders") on 29 February 2016.

On 16 August 2016, the Board was informed by its external auditors of possible irregularities relating to the declaration and payment of the Interim Dividend. The Board is presently looking into the matter and is seeking legal advice on the same. The Board will keep Shareholders informed of any material developments.

In the meantime, as this matter may affect the financial condition of the Company, the Board wishes to advise Shareholders and potential investors to exercise caution when dealing in the shares of the Company.

[Clement]

The irregularity is probably the paying of dividends with neither accumulated profits nor current year profits at the company level, which is in non-compliance with the companies act.

[specuvestor]

The irregularity is probably the paying of dividends with neither accumulated profits nor current year profits at the company level, which is in non-compliance with the companies act.

That sounds familiar  I have yet to get a reply for a similar query for another listco.

But a bit discouraged that it takes 5 months to ascertain such simple fact if true

[Clement]

The irregularity is probably the paying of dividends with neither accumulated profits nor current year profits at the company level, which is in non-compliance with the companies act.

That sounds familiar  I have yet to get a reply for a similar query for another listco.

But a bit discouraged that it takes 5 months to ascertain such simple fact if true

Well, in the months since the dividend was paid out, there was a change in the composition of the board of directors.

That might have something to do with the discovery of the illegal dividend.

[cyclone]

Imperium Crown receives LOI for remaining two Japanese Properties for an aggregate Sale Price of approximately S$38.6 Million

Highlights :
• On 24 March 2017, the Company had received Letters of Intent (LOI) for three Japanese Properties for an aggregate consideration of S$41.8 million
• Together with the LOI received today for its remaining two Japanese properties, the Company has received LOIs for its entire Japanese portfolio for a total sale price of S$80.4 million
• The Company will be divesting its Japanese portfolio above acquisition cost, in accordance with terms of a shareholders’ mandate
• The divestment of its existing Japanese properties will enable the Company to reallocate capital to new projects which the Company is currently assessing

More details in http://infopub.sgx.com/FileOpen/Imperium...eID=447650

[cyclone]

21 April 2017

Approach by and Ongoing Discussions with Financial and Strategic Investors regarding Significant Investments in the Company

Imperium Crown Limited would like to inform that its Executive Chairman and Chief Executive Officer, Mr Wan Jinn Woei, has been approached by, and is currently in discussions with third party financial and strategic investors unrelated to the Board and its substantial shareholders regarding the possibility of these financial and strategic investors taking significant stakes in the Company via fund raising exercise(s) that may be undertaken by the Company. However, no binding agreement(s) have as yet been entered into with respect to the Potential Transaction and, accordingly, there can be no assurance that the Potential Transaction will materialise.