Nanofilm Technologies with questionable disclosures going to IPO here

[Dr Christopher Cheok C S]

This founder is so happy to offload. Now pass 2.3% to Credit Suisse.
https://links.sgx.com/FileOpen/Infinite _ Exercise of OAO Announcement.ashx?App=Announcement&FileID=638279

Yesterday, Temasek also offload almost 1% in a married deal at $2.60 (IPO price).
https://links.sgx.com/FileOpen/_eFO...020_Final.ashx?App=Announcement&FileID=638204
Will temasek exit gradually like Hyflux. Temasek control less than 8% now, when they control less than 5%, you will not know when they exit like Hyflux (temasek exited hyflux without many realizing)

4Q20 results will face lower profits while peers are recovering from Covid lockdowns earlier.

 

[mojito]

U mean the mass sick CDOs?

 

[Dr Christopher Cheok C S]

results tonight

 

[Dr Christopher Cheok C S]

COO & CEO run road

Nanofilm's COO quits, less than two months after CEO
https://www.theedgesingapore.com/ca...er-ceo-earnings-down-31-plant-expansion-costs

 

[Dr Christopher Cheok C S]

COO & CEO left within a year after IPO.

Market Cap is 10x of revenue.

 

[laksaboy]

Write to MAS? hahaa you seriously think they will take action? I tried before and they will brush you off.

Highlighting here and people can use their common sense to judge. The observations cited here can be subjected to scrutiny and discussions. At least, I dare say the figures are plucked from their disclosures that don't make sense. Isn't shaming sleeping regulators here more tangible?

Once again I say: they weren't really sleeping on the job... they were wide awake and knew exactly what they were doing.

The 'regulators' are nothing more than yes-men and accomplices. You see a recurring trend everywhere: NTUC, CASE, CECA, SLA, HSA etc.

Reason? Lack of transparency and accountability in a totalitarian shithole.

Sinkies need to have a paradigm shift. Then everything will suddenly make sense.

 

[bart12]

Nanofilm founder's wife buys Nassim Road GCB for $128.8m​

Laughing all the way...Thanks Chao Sinkies for your donation

 

[bart12]

Shares dropped from $6.50 to $4.00.

 

[Dr Christopher Cheok C S]

For many years, even the old parents of the founder and wife are getting paid from the company payroll.

Nanofilm founder's wife buys Nassim Road GCB for $128.8m​

Laughing all the way...Thanks Chao Sinkies for your donation

In many ways, Nanofilm founder is like Hyflux founder.

They are initially backed by local universities, then boasted to Temasek that their tech are all proprietary. True and not true, the core of nanofilm's business is actually sputtering. There are many ways to make something, and nanofilm's FVCA technology is just one of them. Generally speaking, it is known as sputtering in China. India, Korea, Japan, etc have similar technologies, serving Japanese tech companies, Xiaomi, Samsung, etc. What they did was repackage these sputtering machines and claimed as their own tech. The largest sputtered films company in Singapore in the past twenty years (since nanofilm's founding) has almost exited this business; it says a lot about the industry.

Like Olivia Lum, they are very eager to do sales buy-backs. Could some insiders have pledged their sales like OKH global? They had only spent $2.8m for dividends and in the past two days, they had spent $12.6m to buy back the shares at 5-7 times of NTA value. NTA is less than 70cents and 40% of it are properties & equipments. https://www.theedgesingapore.com/ne...on-share-buybacks-following-earnings-surprise
Apparently, they are not acting in the best interest of the company. If you offload all the fixed assets, like Hyflux, you will understand that they are inflated and not depreciated sufficiently too, because this industry has a lot of excess capacity, and there are many of such idling sputtering machines in commercial and university research facilities in China.

Why do you think the CEO & COO run road in 8-10 months after listing?

 

[Dr Christopher Cheok C S]

Shares dropped from $6.50 to $4.00.

22 years old high-growth company Nanofilms, is now telling shareholders to manage their expectations
https://www.businesstimes.com.sg/co...ith-investors-necessary-to-align-expectations

"high growth" - https://secure.fundsupermart.com/fs...echnologies-well-positioned-for-future-growth

The bottom line is that now people realized that this company had been outsourcing their production to churn revenue, and assets not sufficiently depreciated.
https://simplywall.st/stocks/sg/mat...echnologies-international-limited-sgxmzh-anal

See the profile of the tiong CFO and the two fucked-up SGX listed China companies that he previously worked for.

 

[Dr Christopher Cheok C S]

Three continuous days of share buy-backs cost over $16.2m at >600% above NTA.
Just $2.8m announced for dividends.

Exactly like Hyflux when SHTF.

 

[Dr Christopher Cheok C S]

About 10% of the company' cash-in-hand ($20m) spent on share buyback at 600-700% above NTA.

Now, after realizing the CFO's questionable history in two SGX China-listed companies, some foreign shareholders exited.
https://links.sgx.com/1.0.0/corpora...e91f3784fcdd94a911cae1fe189c94959d8183e220fd0

 

[blackmondy]

Anything that involves totalitarian regimes is questionable, no exceptions.
In this case, you have two such regimes in complicity to screw dumb investors.

 

[Dr Christopher Cheok C S]

Cash in hand is significantly lower after closing of Dec 2021 due to continued share buy-backs (IPO at $2.59, buybacks $3.00-3.48 range in Jan 2022), and dubious capex on AR and sputtering research. This company had been "researching" for a decade prior to IPO by reboxing existing China-tech as their own. Pre-IPO claims about 1400 existing employees proven fake, as company HR costs expected to outpace profit-margin growth.

 

[Patriotmissile]

Another high fuck? Sgx can only attract questionable companies to list here. Making investors lose their life savings is their mantra.
Even blue chips companies can lose 50 to 99.9% of their values when listed in SGX.

 

[borom]

The Hyflux saga is the best example of what can and will happen to unsophisticated "investors" here and this is a local company -imagine what the Tiongs will continue to do to them despite so many S chips failure

 

[maxsanic]

I remembered when this company IPO-ed, my classmate was going on and on about a "high tech" firm finally coming to IPO in Singapore. He applied for a lot and subsequently bought a lot more at a higher price in the open market.

He sort of chided me on the importance of looking into the future as most of my holdings are in boring industries, funny thing is when I asked him what exactly Nanofilm does all I got back was "high tech materials for high tech manufacturing". I reckon he's probably lost at least 60k in this foolishness.

 

[blackmondy]

Another Hyflux in the making.

 

[poore]

I remembered when this company IPO-ed, my classmate was going on and on about a "high tech" firm finally coming to IPO in Singapore. He applied for a lot and subsequently bought a lot more at a higher price in the open market.

He sort of chided me on the importance of looking into the future as most of my holdings are in boring industries, funny thing is when I asked him what exactly Nanofilm does all I got back was "high tech materials for high tech manufacturing". I reckon he's probably lost at least 60k in this foolishness.

at least this share did something good

 

[Dr Christopher Cheok C S]

Another Hyflux in the making.

I remembered when this company IPO-ed, my classmate was going on and on about a "high tech" firm finally coming to IPO in Singapore. He applied for a lot and subsequently bought a lot more at a higher price in the open market.

He sort of chided me on the importance of looking into the future as most of my holdings are in boring industries, funny thing is when I asked him what exactly Nanofilm does all I got back was "high tech materials for high tech manufacturing". I reckon he's probably lost at least 60k in this foolishness.

Temasek Holding's subsidiary Heliconia Capital behind it. Got two Hyflux people behind this team a former Hyflux director GAY and manager Cynthia.
Then Heliconia Capital packaged it and passed it to Temasek before IPO.

Now Heliconia Capital packaging ONE CHAMPIONSHIP with the thai conman.