Tuesday, September 6, 2011

Profit warning / 3 yrs of consecutive losses

#Novo Grp: Profit warning. Significantly lower profit expected on 1Q11 end Jul.

#Sun East: Placed on SGX watchlist due to 3 yrs of consecutive losses.

#Aussino: Placed on SGX watchlist due to 3 yrs of consecutive losses.

#Centillion: Placed on SGX watchlist due to 3 yrs of consecutive losses. Companies which register pre-tax losses for 3 consecutive financial yrs and have avg mkt cap of below $40m over past 120 trading days are placed under the SGX watchlist. They have then 24 mths to post full yr profits and bring mkt cap back above $40m or face suspension and delisting.

#Centurion: Successfully applied to SGX to extend completion of private placement from 5 Sep to 5 Oct 2011 due to adverse mkt conditions

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