Arko Share Discussion Threads

[me me] 15/7/2004 12:39

bought in looking for 6p

[sportbilly1976] 15/7/2004 12:26

i am hesitant about buying - it has more than doubled with no news or comment and so could equally easily drop by 50% tomorrow if the MM's want to do so...

[edbassett] 15/7/2004 12:18

Well done all holders

Looks like the market is now aware of the recent overdone drop and is ready to move back to 4-5p soon

Great news!!!!!!!!

[jemtang] 15/7/2004 11:58

You can now buy 50000 at one go via halifax.

[jemtang] 15/7/2004 11:55

A good "gamble " to come in at these levels. Fundamental business is the same, great potential - just Mr Chin's run in with the ICAC dented confidence.

Currently the maximum u can buy through Halifax in one go is 5000, so a possible lack of stock. I think stock will go to about 4-5 p and hang there until further direction or new staff hired. Results recently out showed the arko made a profit again.

[sportbilly1976] 15/7/2004 11:45

whats the cause of this rise - is it worth coming in at these levels...i do notice that it was up at 8p last year.....

[shineeqa] 15/7/2004 09:59

Something brewing.....we have a pulse......

[shirishg] 26/6/2004 18:10

Post removed by ADVFN

[katie price] 26/6/2004 17:03

Sheneeqa...

Nice comment to me on the RAB bb. You must be an uncouth little foreigner. Why dont you go and take your filthy language elsewhere.

You ignorant overseas person!

Thankyou

[matthewbrooke] 18/6/2004 12:54

at least that what i was told.. difficult to want to invest in a company when you send emails to them and they then provide you with incorrect information..

[matthewbrooke] 10/6/2004 19:26

Reports due to be published around 14-18th of June..

[vision88] 09/6/2004 09:50

Mathewbrooke

sorry i miss understood you ,but yuou do make a very good point, re remaining on aim ,if they were to get a main listing that would certainly attract Institutions and would have a very positive effect on the price, talking of price ,have you attemted to see what price you might get as i pretty sure you will get 1.15 r/now not 1.5p its drifted so far down now ,accounts not yet presented ,it appears to be sending all negative thoughts out, but could as you point out be considering a main listing with a float of perhaps 40% of the company, then we will see share hike to 10p i hope.

[matthewbrooke] 08/6/2004 17:24

vision88..

what i meant was that there was an RNS stating that since Mr Chin owned 95% of the company that it was no longer viable for it to be traded on AIM.. This RNS then appeared to disappear from the current list.. it has been mentioned before that if a larger proportion of the company was floated then it might move out of AIM perhaps.. i wonder where this would leave current shareholders, presumably better off with a main listing and a price hike.. i didnt put my money where my mouth was today.. might try emailing ARKO again RE: any future news.. dont want to buy and watch it drift further down.. who else is a holder and at what average price ?? the RNS came from a worker at ARKO but Nabarro-Wells their advisor said that this was not the case.. Confusion and muddles lead hopefully to one hell of a gamble soon.. im waiting for people to accumulate before buying a lump.. the 50% spread is a bit of a killer though isnt it !! perhaps the MM's will change that and we will see some more buying.. reluctant to buy at 1.5p if the spread narrows to 1.0 - 1.15 say.. mmn.

[vision88] 08/6/2004 11:08

MATTEWBROOKE

Well my above post may enlighten you as to the current state of play here, your posta say's quote: i remember reading that there was talk of re-issuing these) these are not in suspension, you can trade them now,
I like you see them as very undervalued r/now as for the accounts these will im sure when presented show very good figures ,but the ceo Mr Chin the majority holder 95% appears to be the problem as he is currenlty fighting the court case coviction and the company has from investor point of view simply fozen riga mortice, no big selling or buying i saurpose there.s pnly 5% of the company availble to trade any way, so with these facts in mind its in my opinion being held down on external factors and not on company fundamentals let alone merit, its shaare price is being squeezed i feel to make mr chin free up some of his equity here, and he will have to im sure if he wants to trade in international markets, we have no time for age old dynastys applying there philosophy in a free market ecconemy that provides a better opportunity to many to own shares, Mr chins huge ownership 95% seems to fly in the face of real groath for the company the charts say it all.

[matthewbrooke] 07/6/2004 21:50

im in 2morrow i think.. have been watching this for a while.. hopefully the worst is over now.. selling my WTB to get on board.. might be accumulating slowly though.. there has to be some news out soon.. i remember reading that there was talk of re-issuing these.. im watching these every day though.. could be a strange ride.. why are there no figures for 2003 ? this company is making 3 million US profit currently and is valued at 1.5p something cant be right here.. any thoughts ??

[vision88] 06/6/2004 06:42

- 01 Jan'70 - 01:00




vision88 - 6 Jun'04 - 06:32 - 1 of 2 edit


we know the company has gone from 8p a share to 1p now, question is will it now go back up . or will mr chin's court case cause it to colaspe, personally i think it will recover, and that mr Chin may see the light, he owns some 95% of the company and this is in no way a healthy position from his or any ones point of view, further more the company is is held in some sort of trust a Dynasty controlled by him and da familly, its image on the world stage with mr Chin's conspiracy to defraud prosecution, has been tarnished to say the least , yet it remains separate from Arco if that can be imagined,
So where to from here well mr Chin is appealing his conviction of which conspiracy to defraud is a difficult one as it is to prove as it implies others were involved by the nature of conspiracy, only he has been convicted as far as i know, that begs a question? however is a very uneasy situation for both him and the Arco as Arco has all the hallmarks of being a trully great company in an expanding market of china ,i suspect there's more to age old inter dynasty conspiracy a foot here, now give mr Chin owns so much of the company he could wise up a little and allow 40% minium of the company to be offered to investors ,institutions ect, and will still hold a sizable and controlling share size 53% if thats a cure i suspect 60% would have an even better impact and be reflected very much so in the share price ie 8p plus in rapid order, so the real thrust for this Dynasty is to give over 40-60% to others and get Arco launched big time, IMHO.

vision88 - 6 Jun'04 - 06:40 - 2 of 2 edit


OH i for got to mention i am on bored as i belive its trully undervalued r/now and eventully will soar. price now 1.-1.15 not much stock avaiable.??

[vision88] 06/6/2004 06:40

OH i for got to mention i am on bored as i belive its trully undervalued r/now and eventully will soar. price now 1.-1.15 not much stock avaiable.??

[vision88] 06/6/2004 06:32

we know the company has gone from 8p a share to 1p now, question is will it now go back up . or will mr chin's court case cause it to colaspe, personally i think it will recover, and that mr Chin may see the light, he owns some 95% of the company and this is in no way a healthy position from his or any ones point of view, further more the company is is held in some sort of trust a Dynasty controlled by him and da familly, its image on the world stage with mr Chin's conspiracy to defraud prosecution, has been tarnished to say the least , yet it remains separate from Arco if that can be imagined,
So where to from here well mr Chin is appealing his conviction of which conspiracy to defraud is a difficult one as it is to prove as it implies others were involved by the nature of conspiracy, only he has been convicted as far as i know, that begs a question? however is a very uneasy situation for both him and the Arco as Arco has all the hallmarks of being a trully great company in an expanding market of china ,i suspect there's more to age old inter dynasty conspiracy a foot here, now give mr Chin owns so much of the company he could wise up a little and allow 40% minium of the company to be offered to investors ,institutions ect, and will still hold a sizable and controlling share size 53% if thats a cure i suspect 60% would have an even better impact and be reflected very much so in the share price ie 8p plus in rapid order, so the real thrust for this Dynasty is to give over 40-60% to others and get Arco launched big time, IMHO.

[vision88] 03/6/2004 19:04

nothing but buys all day

[vision88] 01/6/2004 22:21

YOU CAN STILL BUY FOR 1.15P may not be there for long

[double6] 01/6/2004 19:33

Looks like the 2 million Sells brought the price down - I haven't yet bought.

[vision88] 01/6/2004 16:04

THE ABOVE IS SOME BACKGROUND TO THIS DEBICAL BUT WE MUST KEEP OUR CHINS UP ARCO IS UNDERVALUED R/NOW AND A GOOD BUY

[vision88] 01/6/2004 15:56

Nearly Hundred Luxury Properties pledged to Sin Hua Bank by Chin Kam Chiu - News from Hong Kong Economic Times- 2004 Feb 07

Nearly Hundred Luxury Properties pledged to Sin Hua Bank by Chin Kam Chiu

Claimed that the valuation was too conservative
Credit was once increased to HK$2.1 billion

Having the name of "King of Luxury Property", Chin Kam Chiu is suspected of colluding with the previous senior management of Sin Hua Bank to defraud the credit loan of amount over $220 million. The case is still pending.Prosecutor Witness Ng Chi Leung, former Deputy Manager in Castle Peak Road Branch of Sin Hua Bank, said that Chin pledged over 90 luxuryProperties to Hong Kong Branch and Shenzhen Branch of Sin Hua Bank. He also admitted that the bank did not want to lose such a big client. In the meantime, they had to resolve the worry of Hong Kong Monetary Authority (HKMA) about the risk born by the bank. The bank finally agreed that Chin could use the credit facilities in Shenzhen Branch and open L/C for repayment.

Re-valued to increase the credit to HK$300 million
Finally not yet approved

Now working as a truck driver, Ng Chi Leung was cross-examined by the Senior Counsel of Chin, Mr. Shing Hung, and said that during the year 1998 between April and June, Keen Lloyd Group had a fixed deposit of HK$460 million in Sin Hua Bank. They pledged more than 70 luxury properties to Hong Kong Branch and more than 20 to Shenzhen Branch respectively.
Ng said that Chin wrote a letter to lodge a complaint against the bank on August 1997, claiming that the appraisal of his pledge was too conservative and the bank only granted 50% of the market price of his properties while other banks could grant up to 70% to 80%.

As a result, Ng followed the request by Chin to re-appraise the luxury properties and upgraded the pledge. According to the proposal submitted by Ng to the senior management of the bank, the credit limit of Keen Lloyd was increasedby HK$300 million, from HK$1.8 billion to HK$2.1 billion, . Chin was being informed of the increase. However, as HKMA would visit the bank soon and there was still an overdue Trust Receipt (T/R) of around HK$100 million by Keen Lloyd, the bank worried about bearing risk. As a result, they did not complete the approval procedures so that Keen Lloyd was not able to obtain the increased credit loan.

Chin said that they would cancel the account
The bank feared to lose this big client

Chin wrote many times to complain about the untaken increased credit facilities in which he threatened to cancel the deposit account in the bank. In order to retain this big client and satisfy the concerns of HKMA, the bank formed a Task Force and decided to raise the amount of credit facilities of Keen Lloyd Group or ChinˇĄs Companies in Shenzhen Branch and used them to open L/C. The funds obtained from the associated companies were then used to cover the liabilities of Keen Lloyd in Hong Kong.

Ng said that Chin's reaction is "I'll follow what the bank expected me to do". He also pointed out that Chin agreed to use the above measure to help the bank and to resolve the concerns of HKMA. Afterwards, the senior management of the bank made a visit to the development project of Keen Lloyd in Guangzhou for the sake of approving 25 L/C.

Chin expected that if new loan was approved
He would not have any overdue payment

Ng also admitted that during August 1998 to October 1998, Keen Lloyd did not have any overdue T/R. Until November of the same year, the overdue T/R was HK$53 million. Next year, the overdue T/R rose to HK$225 million and the situation persisted to worsen. Until March 1999, it was HK$341 million and it became HK$478 million in May. However, it dropped drastically to HK$72 million. Chin once complained that if the increased credit loan was approved, there would not be any overdue T/R and Ng agreed.


Justice: Pang Kin Kai
Case Ref. Number: HCCC158/2003
To be continued next Monday

Nearly 100 Luxury Properties pledged to Sin Hua Bank by Chin Kam Chiu
August 1997 Complained that the valuation was too conservative; Was granted a credit loan, increasing from $1.8 billion to $2.1 billion
April 1998 Fixed deposit of $460 million
August 1998 No overdue T/R
January 1999 Overdue T/R of over $225 million
May 1999 Overdue T/R of over $478 million
June 1999 Overdue T/R dropped to $72 million

It is not unaccountable that Chin Kam Chiu was named as "King of Luxury Property". Yesterday, Prosecutor Witness Ng Chi Leung pointed out that Chin pledged at least 90 luxury properties to Hong Kong Branch and Shenzhen Branch of Sin Hua Bank, thereby becoming a big client of the bank. The picture shown is one of many luxury apartments owned by Chin, Hong Kong Parkview.


Nearly Hundred Luxury Properties pledged to Sin Hua Bank by Chin Kam Chiu - News from Hong Kong Economic Times - 2004 Feb 07

[vision88] 01/6/2004 15:17

the new agreement is now 95% of the price over 7 trading days for the 3 tranches of 50 million share's in total, no doubt these lows are going to speed up a decision to buy at least 1/3 of them they have untill 2006 now in the Rns