Eastern Holdings

Following last evening's 1H results and a surprise $0.13/share Special dividend announcements…..
http://infopub.sgx.com/FileOpen/EHL-1HFY...eID=324578 [1H result announcement]
http://infopub.sgx.com/FileOpen/EHL-Ann-...eID=324579 [dividend payment announcement]
, based on the last done share price of $0.36 this morning, so far Mr Market has rewarded Eastern with an extra $0.055 in valuation.

At $0.36, the share price is now pegged at an approx. 15% premium over the latest NAV/share (as at 30Sep14) of $0.3124, which does not account for any additional and hidden values in Eastern's existing investment and other property assets, and in the titles of its trade magazines and related trade shows, as well as development profits from the Grove Residence development project.

Using the information in the previous shareholder circular (dated 13Jul12) as a guide….
http://infopub.sgx.com/FileOpen/44870442...ileID=3129
I suppose it is not difficult to imagine that the additional and hidden values in Eastern's remaining property and publishing assets could potentially add another approx. $0.10/share in value. We should note that in the circular, DMG & Partners as the appointed IFA imputed a Revalued NTA/share at $0.353 against the 30Mar12 NTA/share at $0.234. Of course, we should be mindful that Eastern has since sold and realised a good gain from the Tras Street shop houses in last FY14 (ended 31Mar14).

(14-11-2014, 01:51 PM)dydx Wrote: so far Mr Market has rewarded Eastern with an extra $0.055 in valuation.

I think it is Mr Tay, rather than Mr Market.

3m shares = 1% of shares o/s

(13-11-2014, 07:38 PM)opmi Wrote:

(13-11-2014, 07:19 PM)learner88 Wrote: http://infopub.sgx.com/FileOpen/EHL-1HFY...eID=324578

I had to rub my eyes.
13 cents. Not 1.3c

Congrats to all

Offer Lai liao.


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Offer is good, RTO is also not too bad

(14-11-2014, 04:03 PM)safetyfirst Wrote:

(13-11-2014, 07:38 PM)opmi Wrote:

(13-11-2014, 07:19 PM)learner88 Wrote: http://infopub.sgx.com/FileOpen/EHL-1HFY...eID=324578

I had to rub my eyes.
13 cents. Not 1.3c

Congrats to all

Offer Lai liao.


Sent from my iPhone using Tapatalk

Offer is good, RTO is also not too bad

I guess Tay has too much on his hands to pursue a RTO, which takes at least 4-6 months.


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One up for all minorities shareholders. Congrats!

Today is 'Big Ang Pow Day' for all Eastern shareholders! Do check your bank account..

whooohooo! huat har!!

noted will check the bank account soon..huat huat ah

was thnking. If MBT offer at 5 cents premium (hypothetical):

before 13 special div, 5/35 (mkt price) = 14.2% premium
after 13 special div, 5/22 (mkt price) - 22.7% premium.

Therefore, after giving out special div, the offer premium is higher on % terms, even though
the absolute amount is the same.

Yea dont you just love numbers

There are commentaries that says rubles declined 250%

Always have to be careful about % also because it is asymmetrical. Same % up and down are very different. Thats why a bear market is actually more vicious when people just look at % decline

For the offeror what is important to him is how much real hard cash he has to fork out.