Enporis Greenz (formerly known as Seksun)

Enporis Greenz (formerly known as Seksun)

Postby iam802 » Wed May 14, 2008 10:45 am

a little recap.

Seksun sold all their assets to Supernova.

The net sale proceeds is distributed to the shareholders.

Today, it starts trading at around $0.055.

Also, in the filing, is a suggestion that an additional $6m may be distributed.

http://info.sgx.com/webcoranncatth.nsf/ ... penelement

==
It is currently estimated that the NAV of the Company as of the LPD
(excluding professional fees and all other costs and expenses that may be incurred or borne
by the Company) and after deducting the Estimated Operating Costs is approximately S$21
million. On this basis, the Company expects that it shall be entitled to make a Further Special
Distribution of approximately S$6 million.
==
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Enporis Greenz (formerly known as Seksun)

Postby blid2def » Wed May 14, 2008 10:51 am

Oh didn't know the distribution has been done - not been following too closely lately. Thanks, saves me a shock when I look at my portfolio suddenly lose a huge chunk in value. :D

Diaper business. Really dunno what to make of it. On the one hand, it's in the "baby business", so you'd think that'd be un-sexy but stable revenue. Then, when you go to baidu.com and surf around, and you find that there are so many other diaper brands in China and it doesn't necessarily stand out as "one of the best ones out there". The perception I have from surfing those mommy-baby boards is that they've been on a marketing blitz though, so let's see how things pan out.

BTW - David Loh has upped his stake again lately. From 14.539 % To 15.87 %. What's he got up his sleeve?
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Re: Enporis Greenz (formerly known as Seksun)

Postby iam802 » Wed May 14, 2008 11:05 am

let's see if we are on the same page. (not too sure if I have missed out any events)

1. first distribution of $0.58 per share was completed around early April (can't remember when)

2. second distribution of $0.13 per share will be done on May 28 (hence, you see the drop today)

3. potentially, another $6mill may be distributed (not confirmed)

Once the due diligence is done, we should be able to see the reports of diapers company.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Enporis Greenz (formerly known as Seksun)

Postby blid2def » Wed May 14, 2008 11:10 am

Yup same page here. Eh, question - isn't there supposed to be a change in the total no. of outstanding shares at some point? This is the part where I'm a bit blur. It's like 360+ million now (including options), yes?
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Re: Enporis Greenz (formerly known as Seksun)

Postby iam802 » Wed May 14, 2008 11:18 am

Existing shares will be consolidated after the special dividends $0.13 (I believed, it's 10-1). Hence, it will be reduced to about 37mill

At the same time, about 452million new shares will be issued at $0.40 per share for the acquisition.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Enporis Greenz (formerly known as Seksun)

Postby blid2def » Wed May 14, 2008 11:59 am

iam802 wrote:Existing shares will be consolidated after the special dividends $0.13 (I believed, it's 10-1). Hence, it will be reduced to about 37mill

At the same time, about 452million new shares will be issued at $0.40 per share for the acquisition.


Cool, thanks. Sorry to make you explain what I should be able to get from re-reading the circular. Human nature lah - can idle, idle! :D :D :D
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Re: Enporis Greenz (formerly known as Seksun)

Postby iam802 » Thu May 29, 2008 2:52 pm

The special dividend of 0.13325 is distributed yesterday.

Next, will we see another $6m to be distributed?

Still waiting for more news on diapers company.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Enporis Greenz (formerly known as Seksun)

Postby iam802 » Tue Jun 17, 2008 5:52 pm

Update for the month of May:

http://info.sgx.com/webcorannc.nsf/ef3b ... enDocument

-----
Key points:
- S$45,980,169 was withdraw from the escrow account for capital distribution to shareholders on May 28.

- Bank balance as of May 31 is $28,268,465
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Enporis Greenz (formerly known as Seksun)

Postby iam802 » Fri Aug 22, 2008 11:56 am

this one also got trading halt.

good...let me hear some good annoucements.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Enporis Greenz (formerly known as Seksun)

Postby blid2def » Fri Aug 22, 2008 9:42 pm

Wahlao, halt for fun. No news still.
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