Food Empire

[Blackjack]

Hahah ???

[Blackjack]

Hi I noticed sometimes directors transfer their holdings here and there, such as this one today by Lew Syn Pau to "Transfer of 384,000 shares held under direct interest to deemed interest, CIMB Nominees (S) Pte Ltd."

Do you guys read into such activities and try to guess the underlying intention?
Esp those guys here with actual corporate m&a experience?

[winston]

Not vested. From Kim Eng:-

Food Empire Holdings (FEH SP, $0.450, NOT RATED)

Food Empire is showing positive signs of recovery in FY10 after net profit plunged by
87% in FY09 due to the global financial crisis. 

It has reacted well in maintaining positive operating cash flow and balance sheet strength. 

Reversion to pre‐crisis earnings in FY11 could be a positive catalyst for the stock. 

http://www.remisiers.org/cms_images/ssu08122010ke.pdf

[behappyalways]

not vested

Ukraine’s hryvnia has crashed by 40pc since January, making it much harder for the government and Ukrainian companies to cover foreign currency debts of $145bn. Ukraine has secured a rescue from the International Monetary Fund of up to $18bn but this is likely to prove far too little if the crisis deepens

Europe risks deeper economic crisis as Russia buckles and defaults mount in Ukraine
http://www.telegraph.co.uk/finance/econ ... raine.html

[behappyalways]

not vested (strange no one seems to be shorting)

Ukraine’s hryvnia has crashed by 40pc since January, making it much harder for the government and Ukrainian companies to cover foreign currency debts of $145bn. Ukraine has secured a rescue from the International Monetary Fund of up to $18bn but this is likely to prove far too little if the crisis deepens

Europe risks deeper economic crisis as Russia buckles and defaults mount in Ukraine
http://www.telegraph.co.uk/finance/econ ... raine.html


FY1H2014
http://infopub.sgx.com/FileOpen/2Q_14_S ... eID=309381

In 1H2014, the Russian Ruble weakened from 32.7 Ruble per US dollar on 31 December 2013 to 33.6
Ruble per US dollar on 30 June 2014. Over the same period, Ukrainian Hryvnia weakened from 8.24
Hryvnia to 11.85 Hryvnia per US dollar. As the Group is economically exposed to both markets, it is
negatively affected by the revaluation of its outstanding trade receivables denominated in currencies
other than the US dollar.

From Yahoo finance as of 15 Aug 2014

1USD = 36.1285 Russian rouble
1USD = 13.1404 Ukrainian Hryvnia

[behappyalways]

Ukraine raises interest rates to 30%
http://www.bbc.com/news/business-31721332

[behappyalways]

Surprising with the situation in Ukraine and Russia, the company was able to increase profit

1H2015
http://infopub.sgx.com/FileOpen/2Q15SGX ... eID=364615

not vested

[behappyalways]

Food Empire swings back into profitability in 4Q with $4.1 mil of earnings
http://www.theedgemarkets.com.sg/articl ... l-earnings

[behappyalways]

Food Empire reports 58.8% rise in 1Q earnings to $8.9 mil
http://www.theedgemarkets.com.sg/food-e ... ngs-89-mil

[behappyalways]

food-empire-posts-27-increase-3q-earnings-us74-mil-lower-expenses
https://www.theedgesingapore.com/food-e ... r-expenses