Arko Share Discussion Threads

[jemtang] 16/3/2006 10:42

Top up time....0.35p to buy!!!

[blessings] 12/3/2006 19:04

When the head honcho gets out in a couple of years, maybe!

[jemtang] 12/3/2006 18:52

short article in Investors Chronicle about Arko...keeps things interesting...

add - keep in bottom of draw! will be a nice surprise...one day!

[vision88] 04/2/2006 23:56

one for the watch list again,

[edbassett] 08/1/2006 08:58

lets not forget this happened at Worldcom, enron etc etc

[sheeneqa] 07/1/2006 19:42

Press Release ..........damanko this might help.

20/04/04

Ex-Keen Lloyd chairman and four others jailed for $223m L/C fraud


The Court of First Instance today (Tuesday) meted out jail terms up to six and a half years to five persons for their roles in a US$28.78 million (about HK$223 million) Letters of Credit (L/Cs) fraud involving Keen Lloyd Group (KLG).

Chin Kam-chiu, alias Chun Kam-chiu, 46, former chairman of KLG; received a jail term of six and a half years, while Chow Wai-choi, 44, former deputy general manager of then Sin Hua Bank Limited (Sin Hua Bank), was jailed for five and a half years.

Tsang Siu-lan, 34, former manager of KLG; Hau Pui-yee, alias Hau Pui-ming, 53, former assistant general manager of Sin Hua Bank, and Ma Kin-fai, 45, former senior branch manager of Sin Hua Bank, were each sentenced to four and a half years' imprisonment.

In sentencing, Mr Justice Pang Kin-kee said the defendants each played a pivotal role in the fraud, which had put the bank at risk.

The five defendants were earlier found guilty by a jury on one count of conspiracy to defraud.

The case arose from a complaint, alleging that Chun might have corruptly secured credit facilities from a bank. ICAC inquiries uncovered the conspiracy offence.

The charge stated that between November 1, 1998 and April 30, 1999, the defendants had conspired together and with other persons to defraud Sin Hua Bank, its shareholders and creditors by dishonestly:

- causing and permitting applications to be made to Sin Hua Bank by Keen Lloyd (Holdings) Limited and Keen Lloyd Motors Limited for the issue of L/Cs to finance the purported purchase of goods from a number of companies;

- causing and permitting the falsification of documentation required for the negotiation of the L/Cs; and

- causing and permitting payments to be made to the beneficiary companies pursuant to the negotiation of the L/Cs.

The court heard that as a result, Sin Hua Bank released a total of US$28.78 million (about HK$223 million) under the L/Cs to the beneficiary companies. The sums were subsequently transferred to the bank account of KLG.

The court also heard that the beneficiary companies were in fact controlled by KLG, while there were no genuine commercial transactions relating to the purchase of electrolytic copper cathodes or aluminium ingots as claimed in the 25 L/Cs involved in the scam.

The prosecution was today represented by Senior Assistant Director of Public Prosecutions Bernard Ryan, assisted by ICAC officer Patrick Kwok.

[edbassett] 07/1/2006 12:30

the 1 mill was first things so you would expect it to be a buy considering the price movement

[safman] 06/1/2006 17:25

1 mill T trade.. interesting limits with my broker ..sell 150K @0.78.. buy 15K...

might still get back to my original holding price..

saffy..

[edbassett] 06/1/2006 16:27

i tried a few months ago but received no response

94% of the company is held by the "Family"

They operate like a private company

Hardly surprising the share price is where it is

Ed

[damanko] 06/1/2006 15:23

Anyone tried contacting the company? I seem to remember a few years ago a poster did just that, and received a lengthy reply. My holding I wrote off some time ago, can't be bothered to sell.......... agree with the complete lack of PR, plus the comment about the website. Is the owner coming out of jail anytime soon, how long did he get put away for, anyone remember?

[edbassett] 06/1/2006 12:20

yep........they're PR is non existent and the web site is completely otu of date

Hope theyve been busy doing something else

[safman] 06/1/2006 12:11

yeah, i've held a few some time back.. do recall they were looking for a strategic partner in the energy sector..

saffy..

[edbassett] 06/1/2006 11:53

its a classic turnaround play

its effectively a private company and there is no real stock in the market

I am looking for £2m profits this year on turnover of £15M

I also expect sales of failing assets (after some serious writedowns) last year and some start ups of businesses that have been on the back burner for a while

Once good news is realised any buying will push these to 2p and beyond

Think it needs another 3 months though but earlier would be nice

[safman] 06/1/2006 10:09

historically have a few of these... bouncing back.. l2 2v1.. they were looking for a strategic partner...somewhere along the lines..

saffy..

[sheeneqa] 16/11/2005 12:43

Looks like it is going out the box! 0.025 bid!!

[vision88] 16/11/2005 11:45

yes im considering there offer norman
to restructure the entire company.

[norman the doorman] 03/10/2005 17:13

Arko said its long term goal is to consider the possibility of the
introduction of a strategic partner to the group.

any thoughts ?

[norman the doorman] 28/9/2005 16:20

mmm. results not good but this must have bottomed now. power plant may be up and running soon. when is the boss released ?

[edbassett] 27/9/2005 10:07

"""In the first half of 2005, gross margin (before exceptionals) improved by 24.8%
to 41.3% reflecting the change of the major income structure of the Group."""

If they can get rid of the write offs (via the coal plant restructuring) we will see full year profits or they should sell them

Ed

[edbassett] 27/9/2005 10:05

As expected

Third profit on a tenth of turnover

margins improved, still need to sell of assets

Trading tough

Interesting about the third party....

Not brilliant, but the right direction

[jemtang] 27/9/2005 07:59

Just bought 150000 at .85p for the bottom draw (trade not shown yet)

[twix386] 27/9/2005 07:29

Interims announced today.

Anyone there???!!!!!!!!!!!

[snowman69] 21/9/2005 20:48

Sorry twix, AKO means nothing to me. I only popped in because of the thread title - never do as I'm told. Best of luck, I hope you find the other shareholder.

[twix386] 21/9/2005 20:43

Blimey,
Does this share ever do anything?

I bought a few 2 months ago and even the BB has no news or movement!

Any thoUghts on AKO, ANYBODY?

[call-logger] 25/8/2005 05:37

Look for epic TEST for HTML practice and tips etc

One tip from me is that you can't change the thread title

Good luck