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ADVENTA (7191) : ADVENTA BERHAD
ILoveDividend
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02 Jan 2012, 06:34 AMPost #1
Anyone know why adventa make a loss for its last quareter report since all other glove counters are having a better result? Any problem with this company? Please share your info here. Thanks in advance.
wow123
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05 Jul 2012, 10:27 PMPost #2
Wow today up 8 sen must be somethings happen , maybe some us company talk about M&A or take it private.
wow123
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06 Jul 2012, 08:40 AMPost #3
this counter suspended for good news. Mike be bonus issue or good dividen.
wow123
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07 Jul 2012, 09:53 AMPost #4
maybe signal of privisation deem to be buy out is happen , about per share RM3.30 or RM3.90
by us company produces high end glover maker.
wow123
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09 Jul 2012, 03:16 PMPost #5
Maybe this late evening were announcement some good news or tomorrow afternoon some hint and some signal possibility take it private. If yes on wednesday should buy some this counter and for party time.
ILoveDividend
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10 Jul 2012, 05:29 PMPost #6
Signs point to privatisation for Adventa

PETALING JAYA: A privatisation could be on the cards for glovemaker Adventa Bhd as its valuations are cheap amidst an improving outlook in the glove sector, according to analysts.

The company yesterday suspended trading in its securities for three days from Friday to Tuesday “pending a material announcement to be released by the company.”

An industry observer speculated that the company could be privatised by its largest shareholder and CEO Low Chin Guan, who currently owns 38.5% of the company, according to Bloomberg data.

Behind Low is Lembaga Tabung Haji with a 9.38% stake, while his sister Low Lea Kwan is third with 2.95%.

When asked about the possibility of larger glovemakers taking over Adventa, which has a market capitalisation RM246mil, the observer told StarBizWeek that they had not earlier indicated any such interest.

Kenanga Research recently upgraded the rubber glove sector to “overweight” from “neutral,” citing the strengthening of the US dollar against the ringgit as well as falling latex prices.

“We reckon glove companies' earnings could see an upside bias ahead and lead to a re-rating for glove stocks in the third quarter of 2012,” it said in a client note dated June 27.

Adventa is principally involved in manufacturing surgical and examination gloves and medical devices, together with the distribution of medical products for the healthcare industry.

The volume of trading in its shares almost tripled to 246,500 on Thursday from 86,500 a day earlier, with the last done price up 8% to RM1.61.

Its estimated price-to-earnings ratio for the financial year ended Oct 31, 2012 is 12.38 times according to Bloomberg, while price-to-book is 0.3 times based on its net asset per share of RM4.02 as at end-April.

The firm reported a net profit of RM6.15mil in its second quarter ended April 30, an increase of 36% from RM4.59mil last year. Revenue was 2.23% higher at RM106.63mil versus RM104.3mil.

Its earnings in the first half were weaker than expected due to a fire that gutted its storage facilities in the first quarter, resulting in an estimated loss of RM2.12mil in fixed assets, while goods damaged amounted to RM4.61mil. Both were written off as losses.

The incident also led to constraints in storing raw materials and finished products, which in turn adversely affected the production of examination gloves.

OSK Research said in a note to clients last week that Adventa stood out for producing one of the highest-end surgical gloves targeted at niche markets in the United States, Europe and Japan region.

“We believe the company's only setback is its lack of economies of scale versus its peers, which has not enabled it to enjoy much lower unit cost per glove,” the brokerage said.

http://biz.thestar.com.my/news/story.asp?file=/2012/7/7/business/11618583&sec=business
wow123
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10 Jul 2012, 08:21 PMPost #7
Terms of Offer
2.1 Subject to Section 3, the Offeror is offering to acquire the Specified Business ("Proposed Acquisition") at an aggregate consideration of RM 320,850,117 equivalent to RM 2.10 per Adventa Share ("Purchase Consideration").
2.2 The total Purchase Consideration shall be satisfied as follows:
2.2.1 RM 96,255,035, being an amount equivalent to approximately 30% of the Purchase
Consideration, to be paid not on Completion Date but on a date falling 6 months from
the Completion Date ("Deferred Amount"); and
2.2.2 the balance of the Purchase Consideration of RM 224,595,082 ("Cash Portion") to
be paid in cash on the Completion Date.
2.3 Upon completion of the Proposed Acquisition, Adventa may be classified as a "Cash
Company" pursuant to Paragraph8.03(1)of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements"), in which event,
Adventa will fall within the ambit of cash criterion per Paragraph 8.03 of the Listing
Requirements and, as an affected listed issuer, under Practice Note 17 of the Listing
Requirements.
Accordingly, the Offeror proposes that, upon completion of the Proposed Acquisition, Adventa
shall, subject to obtaining all requisite approvals, declare a distribution (as the board of
Adventa shall determine on or before the date of the EGM) at an amount equivalent to at least
RM 1.70 per Adventa Share to all entitled shareholders of Adventa ("Proposed
Distribution").
2.4 The whole of the amounts that are to be paid to and received by the Promoters under the
Proposed Distribution in respect of the Promoters' Shares ("Promoters' Distribution") will be
satisfied as follows: (a) an amount equal to the Deferred Amount ("Promoters' Deferred
Distribution") shall be paid to the Promoters not in cash but shall be set off against the
Deferred Amount; and (b) the balance of the Promoters' Distribution (after taking into account
(a) above), if any, shall be paid in cash on the payment date for the Proposed Distribution. In
this respect, the Offeror shall procure the Promoters to provide irrevocable undertakings in
favour of Adventa that:
2.4.1 the Promoters irrevocably and unconditionally agree to release Adventa from any
obligations to pay to the Promoters the Promoters' Deferred Distribution in cash, and
agree that the Promoters' Deferred Distribution shall be set off against the Deferred
Amount; and
2.4.2 each of the Promoters will not change its shareholding in Adventa throughout the
period of the Offer and pending completion of the Proposed Distribution.
2.5 The whole of the amounts that are to be paid to and received by the shareholders of Adventa
other than the Promoters under the Proposed Distribution shall be paid in cash.
2
wow123
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10 Jul 2012, 08:35 PMPost #8
something special for shareholder yes.
wow123
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Posts: 98
Joined: Jun 2012
Male, HKG
11 Jul 2012, 08:33 AMPost #9
This morning line up to bet RM1.900
ILoveDividend
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11 Jul 2012, 08:47 AMPost #10
This morning line up to bet RM1.900wow123 @ 11 Jul 2012, 08:33 AM

The offer price is RM1.70?
wow123
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11 Jul 2012, 08:58 AMPost #11


The offer price is RM1.70?ILoveDividend @ 11 Jul 2012, 08:47 AM

1.70 cash repayment
ILoveDividend
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11 Jul 2012, 09:05 AMPost #12

1.70 cash repaymentwow123 @ 11 Jul 2012, 08:58 AM

Why would people willing to buy at RM1.90 then? star
wow123
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11 Jul 2012, 09:08 AMPost #13

Why would people willing to buy at RM1.90 then? ...ILoveDividend @ 11 Jul 2012, 09:05 AM

Ahya them is something to you is nothing lah.
wow123
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Posts: 98
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Male, HKG
12 Jul 2012, 08:54 AMPost #14
This morning bet RM1.900 sure good and have party time
wow123
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Posts: 98
Joined: Jun 2012
Male, HKG
12 Jul 2012, 10:06 PMPost #15
Wow today end off trading close RM2.00 , I that hope next step they were consolidated their share in hand is about 70% and than some one is coming for M&A and than delisting from bursa very soon. Well maybe they feel that listed in Singdex is better future and brighter for the group to move forward on global market just like Supermax & Topglove.
wow123
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Posts: 98
Joined: Jun 2012
Male, HKG
13 Jul 2012, 08:37 AMPost #16
This morning the bet RM2.010 wow
wow123
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Posts: 98
Joined: Jun 2012
Male, HKG
24 Jul 2012, 08:47 AMPost #17
This counter again Halt trading this morning good news will be announcement yes.
wow123
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Joined: Jun 2012
Male, HKG
02 Oct 2012, 10:22 PMPost #18
Good news coming and money is coming back yes. Sure up up
tiekyu71
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05 Oct 2012, 09:13 AMPost #19
---Deleted---
wow123
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Posts: 98
Joined: Jun 2012
Male, HKG
06 Oct 2012, 09:14 PMPost #20
Atually this counter doing somethings beyond future of the company because glove maker his position is not small or not big enough like supermax or topglove so on thier hand they must make up his mine to change future of this company able sustainable position and profit.
Hence this counter is doing gamble win or lose , no pain~no gain. Now new business actually is healthcare device. Do you known healthcare device the life is about 10 years or less but is cost about a mil or more. A glove industries is too much competitive for example like china vendor is much cheaper prices. No counter is guaranty safe when they listed on bourse around the world. Anythings can happen anyday or anytime right. You buy share is win or lose or somehow profit just like that.

yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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