Sinostar Pec

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20 Mar 2017 23:32 #23674 by josephyeo
josephyeo replied the topic: Sinostar Pec
Share been holding steady at around 20 cts. Have taken some profits but am still heavily vested.

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22 Mar 2017 17:17 #23681 by josephyeo
josephyeo replied the topic: Sinostar Pec
Closed at 22 cts up 86% from date of post. Strong support at 20 cts.

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03 May 2017 15:21 #23810 by walterlim
walterlim replied the topic: Sinostar Pec
Very positive results and management has announced they are in final stage of negotiation to acquire a LNG processing plant.

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05 May 2017 05:58 #23814 by Garak
Garak replied the topic: Sinostar Pec
Yes, nice 1Q result and nice prospect ahead. Still holding @ 25 cents. This may be one of the good S-chips. Joseph / Walter, anyone: Attended AGM? Any impressions / info to share? Thank you!

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08 Aug 2017 15:05 #23960 by mslee888
mslee888 replied the topic: Sinostar Pec
Sinostar price has been trending to below 20ct now....Is the price weakness related to the PROPOSED ACQUISITION OF 70% EQUITY INTEREST IN DONGMING QIANHAI? This is a major acquisition and most importantly, also an interested party transaction. Hopefully this will not lead to a massive shareholder value destruction as it is a huge drain on Sinostar cash. If anyone has more insights, please share.

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13 Aug 2017 14:42 - 13 Aug 2017 14:47 #23974 by Garak
Garak replied the topic: Sinostar Pec
mslee888, i share your concern too regarding the 70% acquisition using rmb318 m cash. It's a big amount too. The target co. is loss-making and is completing some infrastructure. Apparently there are synergies to be enjoyed once the facilities are up & running.

Sinostar's 2Q17 profit is good, and would have been higher if not for the periodical overhaul of production facilities. The cash generated is amazing, and the net cash is now about rmb520 million -- ie, S$108 million -- without debt.
Last Edit: 13 Aug 2017 14:47 by Garak.

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