G. K. Goh Holdings

Boardroom
Yes, it's our valuebuddies favorite.
Although the boardroom incidents had left a sour taste in everyone.

I'm proud to says that this is the first AGM I attended.

Buffet is good and I also enjoy the chance given to interact with MD too.

Also, really appreciate all the tips from our fellow valuebuddies.

Punting GK Goh?   

Not for me, I learn from my lesson.

Stay home and stay healthy, everyone.

(22-01-2021, 09:05 AM)¯|_(ツ)_/¯ Wrote: Boardroom
Yes, it's our valuebuddies favorite.
Although the boardroom incidents had left a sour taste in everyone.

I'm proud to says that this is the first AGM I attended.

Buffet is good and I also enjoy the chance given to interact with MD too.

Also, really appreciate all the tips from our fellow valuebuddies.

Punting GK Goh?   

Not for me, I learn from my lesson.

Stay home and stay healthy, everyone.

What lesson not to punt gkgoh? That agm should be sometime ago rite since now covid19

(22-01-2021, 08:27 AM)pianist Wrote: I may buy this for a punt as well. I sold mainly it mainly gkgoh other mix of portfolio didn't really excite me

I think one should not be buying stocks like GK Goh for short term punting, since they are an investment holding company. The decision on whether to hold or sell assets should be made by the management and we should trust them.

Frankly speaking, I don't need their portfolio to be exciting. I just need them to generate decent cash flow from their investments to pay a regular dividend every year, plus special dividends if they manage to divest assets and have extra cash to distribute.

(22-01-2021, 12:48 PM)ghchua Wrote:

(22-01-2021, 08:27 AM)pianist Wrote: I may buy this for a punt as well. I sold mainly it mainly gkgoh other mix of portfolio didn't really excite me

I think one should not be buying stocks like GK Goh for short term punting, since they are an investment holding company. The decision on whether to hold or sell assets should be made by the management and we should trust them.

Frankly speaking, I don't need their portfolio to be exciting. I just need them to generate decent cash flow from their investments to pay a regular dividend every year, plus special dividends if they manage to divest assets and have extra cash to distribute.

Can't agree more with you, ghchua. Your thought process is exactly what differentiates an investor from a speculator.

GK Goh@97.5
halted

Stay home and stay safe, everyone.

The Gohs have done it again. Over the years, they have proven to be astute investors selling their assets at good prices and willing to share some of the gains with OPMIs.

Assuming that the Pre-Conditions are satisfied and/or waived (as the case may be) and the Offer is made, the GKGH Group is expected to record a gain on completion of the Proposed Disposal of approximately S$134.8 million, which is expected to be recognised in the current financial year ending 31 December 2021.

Accordingly, the GKGH Group’s pro forma net tangible assets is expected to increase from approximately S$0.87 to approximately S$1.71 per share, based on the GKGH Group’s audited consolidated balance sheet as at 31 December 2020

PR: https://links.sgx.com/FileOpen/GKGH_Sale...eID=677810

Divestment announcement https://links.sgx.com/FileOpen/GKGH_Chap...eID=677809

(07-08-2021, 10:42 AM)weijian Wrote: The Gohs have done it again. Over the years, they have proven to be astute investors selling their assets at good prices and willing to share some of the gains with OPMIs.

With net proceeds from divestment of Boardroom of around S$287.1 million, GK Goh will once again be in a net cash position. Certainly a good position for them to be in to explore opportunities going forward.

Yes, throughout the years, they have not been shy in divesting assets (even core operating assets) and returning cash to shareholders who supported them for long term. Even though I am a bit disappointed that they did not hit their target of paying out 3c dividend for the past two FYs, I guess they should be able to make up for it this FY with this divestment.

GK Goh also wishes well for the new owner of Boardroom, Temasek 

Other than liabilities, costs and transaction expenses incurred in connection with the Proposed Disposal, the Company intends to allocate a portion of the Proceeds (representing approximately 8.7% of gross Proceeds received by the GKGH Group) to a bonus and incentive scheme (“Scheme”) to reward certain key executives of Boardroom who have significantly contributed to the growth and success of Boardroom over the years. The Scheme aligns the interests of these executives with that of the GKGH Group, incentivises them to remain with Boardroom following the completion of the Proposed Disposal, motivates them to optimise their performance standards and efficiency as well as maintain a high level of contribution to Boardroom before and after the Proposed Disposal.

Bloomberg news earlier on speculating 300m usd, turned out to 287m instead, not too bad
Waiting to receive the payout cheque from temasek for my unlisted boardroom shares, huat ah
Glad that I didn't accepted the 88cents general offer from gkgoh few years ago

(07-08-2021, 03:00 PM)pianist Wrote: Bloomberg news earlier on speculating 300m usd, turned out to 287m instead, not too bad
Waiting to receive the payout cheque from temasek for my unlisted boardroom shares, huat ah
Glad that I didn't accepted the 88cents general offer from gkgoh few years ago

We have 1 fine example of an OPMI with the temperament of the Big Boys!

IIRC, GK Goh already owned a large portion of Boardroom in the last GO and hence it wasn't able to gather the 90% (of outstanding shares it didn't own through the current owner) to do a compulsory accquisition.

Would you be able to share the entire process of been an OPMI in an unlisted company? (ie. the practical differences between Company Act and listing rules)

(1) What was the struggle behind the thought process to remain as an OPMI? What was the decider that made you decide to go "hell or high water" with the Gohs?

(2) Was there any difficulties about not getting any information while staying unlisted? eg. corporate actions about Boardroom (granted that it should be easier since GK Goh itself is listed and has to report corporate actions of its subsidiary)

(3) What about financial statements, dividends, AGMs and voting etc?