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ISR
Oct 16, 2013 6:50:30 GMT 7
Post by oldman on Oct 16, 2013 6:50:30 GMT 7
I had a quick look at ISR as this company has 32.19 mil shares in Asiasons. Revenues are only $1.4 mil and the profit of $13.8 mil last year is primarily due to the other gains of $15.2 mil... of which the bulk of the $12.8 mil is probably due to the increased in the value of Asiasons shares on 31st Dec 2012 and a further $2 mil was due to a write back for impairment of some redeemable secured notes which has since been fully settled. Its key asset is the financial assets available for sale of $35.7 mil. With Asiasons at 80.5 cts on 31st Dec 2012, their stake of 32.19 mil was then worth about $25.9 mil. The other key asset is the $7.7 mil under non current financial assets available for sale of $7.7 mil. These are unquoted equity securities. Now that Asiasons is worth 13.9cts, their stake will only be worth $4.47 mil. At 13.4cts, ISR has a market capitalisation of $28.68 mil. ISR has a tight shareholding structure and only 17.29% is held by the public. I must be missing something.
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ISR
Jan 2, 2014 19:15:53 GMT 7
Post by oldman on Jan 2, 2014 19:15:53 GMT 7
Doesn't sound too positive on the use of proceeds from a $5.5 mil placement at 16.2cts in mid Aug 2013. At Half Year ended 30th June 2013, it had $1.155 mil of cash. Interesting to see its financials for the full year.
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ISR CAPITAL LIMITED (Company Registration No. 200104762G) (Incorporated in the Republic of Singapore) ____________________________________________________________________
USE OF PROCEEDS FROM THE PLACEMENT OF 34,400,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY (THE “PLACEMENT”) ____________________________________________________________________
Further to the Company’s announcements dated 17 August 2013, 2 September 2013, 10 September 2013, 18 September 2013, 25 September 2013, 10 October 2013 and 23 December 2013 (the “Placement Announcements”) in relation to the placement of 34,400,000 new ordinary shares in the capital of the Company (the “Placement”), the Board of Directors of ISR Capital Limited (the “Company”) wishes to provide an update that the net proceeds of approximately S$0.55 million (the “Net Proceeds”) raised from the Placement for working capital were utilised for payment of the Group’s remuneration for directors and employees, office rentals, insurance premiums and professional fees. These items are not individually material to warrant further disclosures.
The above utilisation of the net proceeds were in accordance with the intended use of proceeds disclosed in the Placement Announcements.
BY ORDER OF THE BOARD
Quah Su-Yin Chief Executive Officer and Executive Director 2 January 2014
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Post by oldman on Apr 3, 2014 4:38:50 GMT 7
Company requested for a trading halt today. Would not be surprised if it is the related to the BAL group of stocks.
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Post by oldman on Apr 3, 2014 19:13:49 GMT 7
ORDER FOR PROVISION OF INFORMATION AND DOCUMENTS
The Board of Directors (the “Board”) of ISR Capital Limited (the “Company”) wishes to announce that the Company has been served a notice on 2nd April, 2014 by the Commercial Affairs Department (“CAD”) of investigations into an alleged offence under the Securities and Futures Act, Cap 289 which requires the Company to provide CAD access to the following for the period from 1 January 2011 to date:
(i) all corporate electronic data, information technology equipment and data storage devices belonging to Ms. Quah Su-Yin; and
(ii) any other relevant documents. Ms. Quah Su-Yin is the Chief Executive Officer and Executive Director of the Company.
In addition, five other wholly-owned subsidiaries of the Company and two funds (including two subsidiaries of the fund) managed by a subsidiary of the Company also received similar notices dated 2 April 2014 from CAD, requiring these companies to provide CAD with, inter alia, access to all corporate electronic data, information technology equipment and data storage devices belonging to directors and an employee of these companies.
The Company will cooperate fully with CAD in its investigations and is not aware of any offence that has been committed.
The business and operations of the Company are not affected by the investigations and will continue as normal. The Company will possibly make further announcements when this matter progresses.
BY ORDER OF THE BOARD
Dato’ Md Wira Dani Bin Abdul Daim Non-Executive Director and Chairman 3 April 2014
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ISR
May 11, 2015 16:45:22 GMT 7
Post by oldman on May 11, 2015 16:45:22 GMT 7
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ISR
Jun 30, 2015 17:51:00 GMT 7
Post by oldman on Jun 30, 2015 17:51:00 GMT 7
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