Shares & Derivatives
Super Group (S10) – So This Is The Reason Its Share Price Rises By 5% Today
By Invest Openly  •  November 27, 2014
Today, while checking for the performance of my stock portfolio, I noticed that one particular stock that I am holding for long term (Super Group - S10) has jumped by close to 5%, at the time of writing (last traded at $1.215). So, naturally I am interested to find out the cause(s). After quick check at SGX's website, found the cause! Apparently Super Group has recently announced that they are selling their property at Chin Bee Cresent for an handsome sum of $8 millions. Click here to see more details. With the sale, there is positive financial effect to the book of Super Group in terms of their Net Tangible Assets (41.60 cents to 41.95 cents per share) and Earnings Per Share (from 8.96 cents to 9.32 cents). This is at the backdrop of their recent additional investment in their subsidiaries, Super Continental Pte Ltd ......
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By Invest Openly
My name is Richard Ng and I am a Malaysian turned Singaporean. This is a personal blog of mine detailing my venture in Share Investment Project. All the details in this blog are from my real venture (as it happens) and all amount quoted are in SGD (Singapore Dollars), unless otherwise stated.
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