Transcorp Holdings (Formerly: Transview Holdings)

[dydx]

Trading of this counter is halted this morning at the request of the company, after SGX made an usual query on the sharp rise in its share price which hit a high of $0.185, backed by an unusually high volume transacted at 2074 lots. Something positive coming?

[pianist]

Did U sell some? I sold some this morning.

[dydx]

In its reply to SGX's query, Transview has revealed that a certain party has made an approach for certain of the company's assets.....
http://infopub.sgx.com/FileOpen/Transvie...eID=260590

In particular, the following para extracted from the announced should be noted...
"In this connection, the Company has received a non-binding approach for certain of its assets, which
the Company is presently evaluating on a preliminary basis. However, no definitive terms are finalised
at this moment and there is no assurance as to whether or not any transaction will take place."

[dydx]

Transview is selling its golf retail/distribution business and related assets (excluding properties) in Singapore/Malaysia to Japanese listed Xebio for a cool $28.0m in cash…..
http://infopub.sgx.com/FileOpen/Transvie...eID=267999

More info on Xebio…..
http://english.xebio.co.jp

On completion, Transview stands to realise a gain of approx. $12.0m - or $0.067/share - which will raise its NAV/share to approx. $0.25.

[pianist]

seems like there was a 'leak' of info two months ago before sgx query.

vested..another timely Christmas present on the way

[dydx]

Transview has completed the disposal of the entire of its regional golf wholesale/retail business to Japanese Xebio today (31Mar14)…..
http://infopub.sgx.com/FileOpen/Transvie...eID=289079

That means Transview - to be renamed as Transcorp Holdings - will now have remaining in the group B/S a mountain of cash, 2 industrial properties (1 each in Singapore and Malaysia) which could be sold for even more cash, and 2 minority stake investments in a listed Aussie mining company and an EC project.

[camelking]

Based on the 28m cash received, the minimum cash per share is around 15.6cent.
The company is trading around 18.8cents at time of writing.

To me, it would be really cheap to buy if the share price comes down to say, 16 cents....
Let's watch.

[safetyfirst]

Based on the 28m cash received, the minimum cash per share is around 15.6cent.
The company is trading around 18.8cents at time of writing.

To me, it would be really cheap to buy if the share price comes down to say, 16 cents....
Let's watch.

Imo, it looks very unlikely

[cif5000]

Transview has completed the disposal of the entire of its regional golf wholesale/retail business to Japanese Xebio today (31Mar14)…..
http://infopub.sgx.com/FileOpen/Transvie...eID=289079

That means Transview - to be renamed as Transcorp Holdings - will now have remaining in the group B/S a mountain of cash, 2 industrial properties (1 each in Singapore and Malaysia) which could be sold for even more cash, and 2 minority stake investments in a listed Aussie mining company and an EC project.

Sant Ritz is not a EC project. http://www.propertyguru.com.sg/project/sant-ritz-21464

Based on the 28m cash received, the minimum cash per share is around 15.6cent.
The company is trading around 18.8cents at time of writing.

To me, it would be really cheap to buy if the share price comes down to say, 16 cents....
Let's watch.

Imo, it looks very unlikely

There's an escrow amount of $2.8m but the company also has cash outside the proceeds.

Possible to drop to $0.16 after XD. But must wait lah...

[dydx]

1H (ended 30Apr14) results just out…..
http://infopub.sgx.com/FileOpen/Transcor...eID=301370
and a big surprise - the company is declaring a special Interim dividend of $0.15/share from the proceeds and gain of the recent sale of its previous regional golf gear distribution.