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http://infopub.sgx.com/Apps?A=COW_CorpAn...erties.pdf
This will mean that out of the 2.5% set aside for remediation (S$12.9m), only S$1.6m will be utilized for Final remediation, leaving S$11.3m to be distributed back to shareholders? This will be approx S$0.0393 per share + S$1.056 = S$1.0953.
Market reprices fast....
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Saizen announced that 1.056 per share will be distributed on Mar 30, 2016. Book closure on Mar 15, 2016.
The residue amount expected to be distributed in 4 months time instead of within 1 years.
In addition, there should be an additional distribution for period Jan 1, 2016 till completion date, which I estimated to be around S$0.009
(Vested)
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08-03-2016, 04:39 PM
(This post was last modified: 08-03-2016, 04:40 PM by Shrivathsa.)
(08-03-2016, 12:29 AM)starcraft_76 Wrote: Saizen announced that 1.056 per share will be distributed on Mar 30, 2016. Book closure on Mar 15, 2016.
The residue amount expected to be distributed in 4 months time instead of within 1 years.
In addition, there should be an additional distribution for period Jan 1, 2016 till completion date, which I estimated to be around S$0.009
(Vested)
A bit strange, because if they have retained 0.09 and are likely to only distribute 0.009, then, the price should be adjust 1.056+.009 i.e. 1.065, but the price is hovering between 1.11 and 1.12 today.
So, chances are people are expecting that it would be 1.056+.09 i.e. 1.146 and willing to buy at 1.11 and aim to collect the 3 -4 cents extra for a holding period of 4 months.
Disclaimer :-
I am not an investment professional.
I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.
Nothing written here is an invitation to buy or sell any particular stock.
At most, I am handing out an educated guess as to what the markets may do.
The market will always find a new way to make a fool out of me (and maybe, even you!).
Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.
I am not immune to that, so please understand that any past success of mine will probably be followed by failures
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(08-03-2016, 04:39 PM)Shrivathsa Wrote: (08-03-2016, 12:29 AM)starcraft_76 Wrote: Saizen announced that 1.056 per share will be distributed on Mar 30, 2016. Book closure on Mar 15, 2016.
The residue amount expected to be distributed in 4 months time instead of within 1 years.
In addition, there should be an additional distribution for period Jan 1, 2016 till completion date, which I estimated to be around S$0.009
(Vested)
A bit strange, because if they have retained 0.09 and are likely to only distribute 0.009, then, the price should be adjust 1.056+.009 i.e. 1.065, but the price is hovering between 1.11 and 1.12 today.
So, chances are people are expecting that it would be 1.056+.09 i.e. 1.146 and willing to buy at 1.11 and aim to collect the 3 -4 cents extra for a holding period of 4 months.
The 0.009 that I estimated is for income for period of Jan & Feb, 2016.
For the last half year, 2.83 cts distributed. So 2.83 cts / 6 x 2 = 0.943 cts.
There are 5% of amount that will be put to an escrow account, which the buyer could claim upon.
Initially, this amount had to be kept for about a year if not mistaken. The new announcement is that it only need to be kept for 4 months.
The current price seems to expect that there won't be much claim from this 5% put in escrow account.
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10-03-2016, 12:10 PM
(This post was last modified: 10-03-2016, 12:11 PM by zoolander123.)
[Image: afd494e363035b80307bf922288041e4.jpg]
I believe the remediation amount was already agreed upon based on this report. 1.6mil out of the 12.9mil allocated
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Thanks, I sold off at 1.12.
I know that there is an implied gain of 2-3 cents which I have left on the table.
However, i felt it was better to take the market offer and move on, rather than trying to squeeze the last cent out of it.
Disclaimer :-
I am not an investment professional.
I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.
Nothing written here is an invitation to buy or sell any particular stock.
At most, I am handing out an educated guess as to what the markets may do.
The market will always find a new way to make a fool out of me (and maybe, even you!).
Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.
I am not immune to that, so please understand that any past success of mine will probably be followed by failures
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(10-03-2016, 12:38 PM)Shrivathsa Wrote: Thanks, I sold off at 1.12.
I know that there is an implied gain of 2-3 cents which I have left on the table.
However, i felt it was better to take the market offer and move on, rather than trying to squeeze the last cent out of it.
Congrats!
Hmm.. market value Saizen @ 0.08 after XD.
1.056 + .08 = 1.136
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11-03-2016, 05:13 PM
(This post was last modified: 11-03-2016, 05:16 PM by ValueMushroom.)
Looks good... it is higher than my expectation! : ) : )
There is another $0.0283 dividend too...
So total shld be:
$1.056 + $0.08 + $0.0283?
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what will happen if i invested at $0.090.pls advise
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