Sapphire’s substantial shareholders increase stake in Sapphire at $0.265 (19 Sep 2016)

el15

Sapphire announced that Best Feast Limited (“Best Feast”) and Ou Rui Group Limited (“Ou Rui”) have acquired additional Sapphire shares as a sign of their confidence in the Company. Details are as follows:

1. Best Feast, a company incorporated in the British Virgin Islands and beneficially owned by 34 individuals was the owner of Ranken Infrastructure Limited (“Ranken”). Sapphire previously acquired Ranken from Best Feast with part of its acquisition consideration funded by the issuance of 165m new ordinary Shares at the issue price of S$0.10 per Consideration Share. (Best Feast has 55m shares at the issue price of $0.30, post share consolidation of 1 share for every 3 shares owned).

On 9 September 2016, Best Feast acquired an additional 36.17m Shares from ACH Investments Pte Ltd at the price of approximately S$0.265 per Share via an off-market transaction, bringing its total shareholding interests in the company from 55m shares to 91.17m shares, representing an increase of 16.88% to 27.98% of Sapphire’s existing share capital comprising 325.80m Shares.

2. Similarly, Ou Rui, a company incorporated in Hong Kong and wholly owned by Mr Li Xiaobo (“Mr Li”), had on 9 September 2016 acquired an additional 22.93m Shares from ACH Investments Pte Ltd at the price of approximately S$0.265 per Share via an off-market transaction, bringing Mr Li’s total interests in the Company from 33.59m Shares to 56.52m Shares, representing an increase of 10.31% to 17.35% of the Company’s existing share capital. Mr Li is a veteran investor and philanthropist with many successful private equity investments. He was listed on the Top 400 Forbes China Rich List in 2014 and first invested in the Company’s Shares on 22 January 2016. Please refer to announcement HERE dated 22 January 2016 for more details of Mr Li.

In the aggregate, both investors have a cumulative stake of 45.33% in Sapphire.

With reference to the above substantial shareholder changes, my personal view is that it is a positive announcement due to the following points:

a) Ranken is Sapphire’s largest business segment and this will continue to be the main focus in the future. The significant increase in Sapphire’s shares by Ranken’s shareholders is a strong testament to their commitment in Sapphire. It is also a vote of confidence in their own (Ranken) business as the positive benefits in Ranken will be recognised in Sapphire and ultimately “flow through” to the Ranken shareholders.

b) Although ACH reduces its stake, ACH’s focus is more on mining thus this is not exactly in line with Sapphire’s current business strategy.

c) It is also a positive that Mr Li, being such a savvy investor (judging from his accolades), has increased his stake in Sapphire, even though his original stake at $0.291 is not profitable as of 9 Sep 2016.

 

Chart outlook

Based on Chart 1 below, Sapphire has been largely trading within the range of $0.240 – $0.305 since 25 Jan 2016. ADX has moved higher to around 22 as of 19 Sep 2016, indicative of a trend. All the exponential moving averages (“EMAs”) are trending higher with golden crosses formed between 21D EMA and 50D, 100D and 200D EMA. 50D EMA is also on the verge of forming a golden cross with 100D EMA. Furthermore, despite the eight-month trading range between $0.240 – $0.305, OBV is at a one year high, signifying accumulation. RSI closed at 66 on 19 Sep 2016. Although RSI:70 is usually the level to indicate a stock is overbought, it is noteworthy that Sapphire’s RSI has ever reached a high of 88 in the past two years before dropping.

In a nutshell, the chart has a bullish tinge. Barring unforeseen circumstances, odds are higher of an eventual bullish breakout above $0.305. It is noteworthy that a break above $0.305 / below $0.240 with volume expansion points to an eventual technical target of $0.370 / $0.175 respectively.

Near term supports: $0.285 / 0.275 / 0.270

Near term resistances: $0.295 / 0.305 / 0.315

Chart 1: Trading within an 8 month range $0.240 – $0.305 since Jan 2016

sapphire-chart-as-of-19-sep-16

Source: Chartnexus chart as of 19 Sep 2016

Notwithstanding the above, it is noteworthy that chart observation may be less accurate for Sapphire, as it is less liquid.

 

Conclusion

In conclusion, it seems positive that Sapphire’s substantial shareholders have raised their stake in Sapphire. Coupled with the potential bullish chart, the odds of an eventual bullish breakout above $0.305 with volume are higher. Nevertheless, readers who wish to know more about Sapphire can refer to their informative website HERE. You can also refer to my write-ups on Sapphire below

1. Key takeaways from Sapphire’s 2QFY16 results briefing (12 Aug 16) (click HERE);

2. Sapphire’s order book hits a record high (15 Jul 2016) (click HERE);

3. Sapphire’s chart strengthens (5 May 2016) (click HERE);

4. Sapphire – proxy to infrastructure growth (5 Feb 2016) (click HERE).

 

Disclaimer

Please refer to the disclaimer HERE

230 thoughts on “Sapphire’s substantial shareholders increase stake in Sapphire at $0.265 (19 Sep 2016)”

  5. с кем надо отмечать новый год, что будет если
    встретить новый год одному к чему снится
    трещина на зубах к чему снятся поцелую с парнем который нравится в губы
    приснился сон что я украла из
    магазина снится черное кольцо на пальце

    Reply

  6. к чему снится сад сирень к
    чему снится слезы друга
    сонник свекровь моет полы в своем доме
    значение туз черви туз пик в гадании какие
    карты указывают на соперницу, какие карты указывают на другую женщину

    Reply

  7. You really make it seem really easy along with your presentation but I to find this topic to be really something
    that I think I might never understand. It seems too complex and extremely huge for
    me. I’m having a look forward to your next put up, I’ll try to get the
    hang of it!

    Reply

  9. расчет предельной стоимости строительства, расчет сметной стоимости
    строительства мен үшін білімнің артықшылығы пайымдау
    эссе, білім мен ғылым эссе тілсіз қарым қатынас,
    тіл қарым қатынас құралы эссе обучение маникюру алматы цены, курсы маникюра для начинающих

    Reply

  12. ауыр цитаталар, әдемі цитаталар тәуекел ету перевод, тәуекел ету қанатты сөздер
    қайтарымсыз несие алу жолдары, қайтарымсыз грант 2022
    25 мектеп павлодар, сайт сош 26

    Reply

  13. қосудың терімділік қасиеті формула, қосудың ауыстырымдылық және терімділік қасиеттері ереже
    million dollar store meaning, million dollar meaning құнарлы топырақ қалай
    пайда болады, топырақ құнарлығы реферат рфмш поступление 2023,
    когда тест в рфмш 2023

    Reply

  14. толык емес отбасы уй алу, толық отбасы
    дегеніміз не т.рысқұлов және оның тұтас түркістан идеясы., қазақстан акср ң
    құрылуы біртұтас түркістан идеясы
    анаға хат шығарма, анаға хат жазу орысша жамбыл облысы
    климаты, жамбыл облысы қалалары

    Reply

  15. к чему сниться толпа знакомых как
    достичь высокой молитвы
    опаздывать на поезд сонник
    но успеть
    натальная карта таро онлайн, рассчитать арканы таро по дате рождения онлайн ардова брак по
    драконьи новый год в академии магии
    читать полностью бесплатно

    Reply

  18. қан плазмасының ақуыздарына жатпайды,
    қанның сарғыштау түсті сұйық
    бөлімі интеллектуалды сайыс
    10 сынып, интеллектуалды сайыс тақырыптары кейіпкерлер іс әрекетіне көзқарастарың қандай, күй аңызы композициялық талдау қазақстандағы саяси режим оның
    дамуы, демократиялық саяси режим
    артықшылығы

    Reply

  19. It’s in reality a nice and helpful piece of info.
    I’m satisfied that you shared this helpful information with us.
    Please stay us informed like this. Thanks for sharing.

    Reply

  22. сон про переезд в другую страну
    карта таро 9 пентаклей в сочетании с
    другими картами таро гадание на
    картах на любовь и мысли мужчины ко мне расклад
    характеристика сентябрьских дев, сентябрьская дева-женщина гороскоп для всех знаков на
    майнкрафт

    Reply

  23. алюминиевый профиль казахстан, алюминиевый завод алматы асан пердешов – алтыным, асан пердешов кызым скачать
    автоломбард купить авто, купить с ломбарда алматы роза алкожа балапан скачать, роза алкожа туган кун скачать

    Reply

  26. Hello i am kavin, its my first occasion to commenting anyplace, when i read this paragraph i thought i could also make comment due tothis brilliant piece of writing.

    Reply

  27. Aw, this was an incredibly nice post. Taking a few minutes and actual effort to generate a top notch articleÖ but what can I sayÖ I hesitate a whole lot and never seem to get nearly anything done.

    Reply

  44. Pretty nice post. I just stumbled upon your blog and wanted tosay that I’ve really enjoyed surfing around your blog posts.In any case I will be subscribing to your rss feed and I hope you write again verysoon!

    Reply

  46. Generally I don’t learn post on blogs, but I wish to say that this write-up very compelled me to try and do so! Your writing style has been amazed me. Thanks, quite great article.

    Reply

  52. Thank you for the auspicious writeup. It in fact was once a entertainment account it. Glance complex to more brought agreeable from you! By the way, how can we keep up a correspondence?

    Reply

  54. A fascinating discussion is definitely worth comment. I believe that you need to write more about this subject, it might not be a taboo matter but typically people do not talk about these subjects. To the next! Kind regards!!

    Reply

  57. Hi, I do believe this is an excellent blog. I stumbledupon it 😉 I am going to revisit once again since i have bookmarked it. Money and freedom is the greatest way to change, may you be rich and continue to help other people.

    Reply

  61. Thank you for the good writeup. It in fact used to be a entertainment account it.Look advanced to more brought agreeable from you!By the way, how can we keep in touch?Here is my blog :: hemp seed oil capsules

    Reply

  62. Aw, this was a really nice post. Taking the time and actual effort to produce a really good articleÖ but what can I sayÖ I procrastinate a whole lot and never seem to get anything done.

    Reply

  63. I get pleasure from, cause I discovered just what I used to be having a look for. You have ended my four day long hunt! God Bless you man. Have a great day. Bye

    Reply

  64. It’s really a nice and useful piece of information. Iam satisfied that you just shared this helpful info with us.Please keep us informed like this. Thanks for sharing.Also visit my blog post Ice Box Air Conditioner Reviews

    Reply

  65. That is a very good tip particularly to those fresh to the blogosphere. Short but very precise informationÖ Thanks for sharing this one. A must read post!

    Reply

  66. Thank you for the good writeup. It in fact was a amusement account it.Look advanced to more added agreeable from you!However, how could we communicate?Here is my blog post: Vigalix Ingredients

    Reply

  67. Thanks for a marvelous posting! I really enjoyed reading it, you can be a great author.I will remember to bookmark your blog and will eventually come back at some point. I want to encourage continue your great work, have a nice weekend!

    Reply

  68. We stumbled over here coming from a different page and thought I might check things out. I like what I see so i am just following you. Look forward to finding out about your web page again.

    Reply

  69. We are a bunch of volunteers and opening a new scheme in our community. Your site offered us with helpful info to work on. You have done an impressive task and our entire community might be grateful to you.

    Reply

  70. Pretty section of content. I just stumbled upon your site and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Anyway I will be subscribing to your feeds and even I achievement you access consistently fast.

    Reply

  72. We’re a group of volunteers and starting a new scheme in our community. Your website provided us with valuable information to work on. You’ve done an impressive job and our entire community will be thankful to you.

    Reply

  73. Aw, this was a really nice post. In idea I would like to put in writing like this additionally – taking time and precise effort to make a very good article… but what can I say… I procrastinate alot and certainly not seem to get something done.

    Reply

  74. I think other website proprietors should take this website as an model, very clean and fantastic user genial style and design, let alone the content. You are an expert in this topic!

    Reply

  75. Great weblog right here! Also your site quite a bit up fast! What host are you using? Can I get your associate hyperlink on your host? I desire my site loaded up as quickly as yours lol

    Reply

  76. Simply wish to say your article is as astounding. The clarity in your post is simply great and i can assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep updated with forthcoming post. Thanks a million and please continue the rewarding work.

    Reply

  77. I have been exploring for a little bit for any high-quality articles or blog posts on this sort of area . Exploring in Yahoo I at last stumbled upon this web site. Reading this information So i’m happy to convey that I have a very good uncanny feeling I discovered just what I needed. I most certainly will make certain to don’t forget this web site and give it a glance on a constant basis.

    Reply

  90. You can definitely see your enthusiasm in the work you write. The world hopes for more passionate writers like you who aren’t afraid to say how they believe. Always go after your heart.

    Reply

  104. Thanks on your marvelous posting! I certainly enjoyed readingit, you may be a great author.I will always bookmark your blog and willcome back in the future. I want to encourage that you continueyour great writing, have a nice afternoon!

    Reply

  110. Hi there, just became aware of your blog through Google, and found that it’s truly informative. I’m going to watch out for brussels. I will be grateful if you continue this in future. Numerous people will be benefited from your writing. Cheers!

    Reply

  115. Hi there! I could have sworn Iíve been to your blog before but after going through many of the articles I realized itís new to me. Anyways, Iím certainly delighted I discovered it and Iíll be bookmarking it and checking back frequently!

    Reply

  132. This kind of ‘normal’ gown observe design Ingenieur, calculated a strong (to the time) 36mm across and also came with many different calls and also situations (stainless steel, 18kt gold as well as steel/gold).

    Reply

  143. I blog often and I really thank you for your information. This great article has really peaked my interest. I’m going to bookmark your blog and keep checking for new details about once a week. I opted in for your Feed too.

    Reply

  146. Usually I don’t learn post on blogs, but I wish to say that this write-up very compelled me to check out and do it! Your writing style has been amazed me. Thanks, quite nice post.

    Reply

  147. Oh my benefits! an incredible write-up dude. Thanks However I am experiencing problem with ur rss. Don?t understand why Unable to sign up for it. Exists anybody obtaining identical rss issue? Anyone who understands kindly react. Thnkx

    Reply

  154. It is in reality a great and helpful piece of information. I’m glad that you just shared this helpful information with us. Please stay us informed like this. Thank you for sharing.

    Reply

  158. It’s actually a cool and useful piece of information. I’m satisfiedthat you simply shared this helpful information with us.Please keep us up to date like this. Thank you for sharing.

    Reply

  163. Regards for helping out, good info. Our individual lives cannot, generally, be works of art unless the social order is also. by Charles Horton Cooley.

    Reply

  164. I enjoy what you guys are usually up too. This type of clever work and coverage! Keep up the terrific works guys I’ve included you guys to my own blogroll.

    Reply

  166. Garmin even allows other gadgets to attach and all activity summarized between cycling utilizing GPS and the vivofit step mileage –very cool features.

    Reply

  168. Oh my goodness! an amazing article dude. Thanks Nevertheless I am experiencing difficulty with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting an identical rss drawback? Anybody who is aware of kindly respond. Thnkx

    Reply

  183. Great blog you’ve got here.. Itís hard to find excellent writing like yours these days. I truly appreciate individuals like you! Take care!!

    Reply

  185. An attention-grabbing discussion is worth comment. I think that it’s best to write extra on this matter, it won’t be a taboo subject however typically persons are not enough to speak on such topics. To the next. Cheers

    Reply

  186. Thanks for your marvelous posting! I seriously enjoyed reading it, you could be a great author.I will be sure to bookmark your blog and will often come back someday. I want to encourage you to continue your great writing, have a nice day!

    Reply

  201. The Genshin Top Up Center is a haven for all Genshin Impact enthusiasts. It’s the place where your journey through the fantastical world of Teyvat gets an extra boost. When you enter the Genshin top up center, you open the door to a plethora of opportunities within the game.Here, you can top up your Primogems, the precious currency that holds the key to unlocking new characters. With more Primogems, you increase your chances of getting those coveted 5 – star characters like Diluc, Jean, or the latest limited – time heroes. You can also use the top – up to get Wishes, enabling you to make those exciting pulls at the gacha system.

    Reply

  229. I do not even understand how I ended up here, however I assumed this publish used to be good. I do not know who you are but certainly you’re going to a well-known blogger should you are not already 😉 Cheers!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *