Venture Corp’s Recent Price Shock

Venture Corp share price from 2000 to current date

Queried by SGX on Trading Activities.

Venture Corporation’s share price is getting more volatile these days. The table below shows the days when we saw the share price swung up/down for more than 4.5% in the last 12 months, and SGX queried about the ‘unusual trading activities’ 3 times.

• Apr 20, 2018 5:42pm: Response To SGX-ST’s Query Regarding Trading Activity
• Apr 20, 2018 12:15pm: Query Regarding Trading Activity

The Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which, if known, might explain the trading. The Company had released its full year results for the financial year ended 31 December 2017 on 28 February 2018 and has no further material information to be announced. The first quarter financial statements for the period ended 31 March 2018 will be released on 25 April 2018.

• Sep 13, 2017 10:57am: Query Regarding Trading Activity
• Sep 13, 2017 5:34pm: Response To SGX-ST’s Query Regarding Trading Activity

The Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which, if known, might explain the trading. The Company had released: (1) its second quarter financial statements for the financial year ending 31 December 2017 on 4 August 2017; and (2) an Announcement for Disclosure of Interest/ Changes in Interest (Reference SG170912OTHRVJSF) on 12 September 2017, and has no further material information to be announced.

• Aug 02, 2017 2:16pm: Query Regarding Trading Activity
• Aug 02, 2017 5:54pm:Response To SGX-ST’s Query Regarding Trading Activity

The Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which, if known, might explain the trading. The Company had released its first quarter financial statements for the financial year ending 31 December 2017 on 28 April 2017 and has no further material information to be announced. The second quarter financial statements for the period ended 30 June 2017 will be released on 4 August 2017.

Coincidentally, out of the 3 most recent queries, 2 of the queries were issued when the price shock happened less than 1 week before Venture releases its quarter earning.

The price surge on 13 Sep 2017 apparently triggered by Venture’s CEO announcement on spending more than S$6 million buying 400,000 shares from open market the day before.

SGX Observer is just curious on under what circumstances the listed companies are supposed to issue profit guidance, since Venture has been ‘low profile’ on this aspect, except for the 2 occurrences of ‘hint’ given by the CEO via the announcements on his transactions of buying 400,000 shares and 166,300 shares with S$6 million and S$2 million from open market on 13 Sep 2017 and 14 Jul 2017 respectively. ✌ 😶

and… does it mean that the share price movement is ‘usual’ when SGX didn’t query?  🤔🤨

AEM’s 1Q18 results

By the way, AEM just released its 1Q18 financial reports an hour ago (link) –

• AEM’s 1Q2018 net profit doubles to S$8.2 million year-on-year on strong sales and higher profit margins
• 1Q2018 revenue increases 55.9% to S$65.7 million on growing sales orders for its test handlers and pans/kits from its major customer
• Net profit margin improved from 9.8% in 1Q2017 to 12.5% in 1Q2018 on cost reduction initiatives and cost efficiency
• Reiterate guidance for FY2018 of at least S$255 million sales and S$42 million profit before tax

Prior to this, AEM has actually issued profit guidance on 5 Apr 2018 (link).

(Probably meant to offset the announcement of its director cash in about S$868,000 via disposal of 120,000 shares via open market on 28-Mar-2018.)  🧐

Venture’s 1Q18 results

…. will be released tomorrow.  🔭

Venture’s FY2017 results announcement for reference:

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Disclaimer: SGX Observer is just a layman investor and not professional accountant or analyst or financial guru. The interpretation is purely from personal point of view, and the interpretation could be wrong. Appreciate your kindness to point out any incorrect concept or mistakes you spotted.