Eastern Holdings

(08-05-2013, 09:44 AM)opmi Wrote: If still got chance to privatise the company, unlikely EHL will pay out another dividend this year.
Why encourage the minority investors to hold onto their shares?

What is $400k, compared to $10m potential profit (NTA - Mkt Cap at 18 cts)???

That's true but selling off the properties seems to be sending conflicting signals. Wouldn't holding on to the properties be more discouraging (to minorities) than if the company was holding cash? Cash would immediately raise the NTA, rather than having a revised one computed based on valuation of properties.

If Stephen Tay had borrowed some $6.5m to fund his last unsuccessful privatisation GO exercise, apart from his annual salary and performance bonus entitlements, how else is he going to take out money from Eastern Holdings' huge and growing cash reserve to help repay his loans, other than having the company pay out a big enough dividend? Therefore, I think it is a reasonable expectation. No?

(08-05-2013, 10:03 AM)dydx Wrote: If Stephen Tay had borrowed some $6.5m to fund his last unsuccessful privatisation GO exercise, apart from his annual salary and performance bonus entitlements, how else is he going to take out money from Eastern Holdings' huge and growing cash reserve to help repay his loans, other than having the company pay out a big enough dividend? Therefore, I think it is a reasonable expectation. No?

I think either way it means he wouldn't wait too long to make his move...

(08-05-2013, 10:20 AM)smallcaps Wrote:

(08-05-2013, 10:03 AM)dydx Wrote: If Stephen Tay had borrowed some $6.5m to fund his last unsuccessful privatisation GO exercise, apart from his annual salary and performance bonus entitlements, how else is he going to take out money from Eastern Holdings' huge and growing cash reserve to help repay his loans, other than having the company pay out a big enough dividend? Therefore, I think it is a reasonable expectation. No?

I think either way it means he wouldn't wait too long to make his move...

no disagreement on whether he will take out cash via dividends. The issue is BEFORE or AFTER he privatise EHL.

Even at 50% premium to 18 cents (27 cents) , the profit incentive is another $5m into the pocket.

(08-05-2013, 11:03 AM)opmi Wrote:

(08-05-2013, 10:20 AM)smallcaps Wrote:

(08-05-2013, 10:03 AM)dydx Wrote: If Stephen Tay had borrowed some $6.5m to fund his last unsuccessful privatisation GO exercise, apart from his annual salary and performance bonus entitlements, how else is he going to take out money from Eastern Holdings' huge and growing cash reserve to help repay his loans, other than having the company pay out a big enough dividend? Therefore, I think it is a reasonable expectation. No?

I think either way it means he wouldn't wait too long to make his move...

no disagreement on whether he will take out cash via dividends. The issue is BEFORE or AFTER he privatise EHL.

Even at 50% premium to 18 cents (27 cents) , the profit incentive is another $5m into the pocket.

Plus no need to listen to us complain at AGM. Haha.

Have been wondering wat was the purpose for ST to be so insistent on pushing through the share buyback mandate at the last EGM?

At 1st thought that it would be used to move towards delisting, but in the end it was not used at all. His margin percentage for the borrowed shares also seems quite safe so dun really see the point. Maybe juz one of his 'patterns' that opmi mentioned earlier.

As said, ST not cash rich. EHL is very cash rich.

So he is trying to 孔明借箭. Using company cash to reduce the o/s shares, so he can to hit 90% without using more borrowing.

All his patterns only showed that he very 'gian' EHL at 18 cents.

(09-05-2013, 03:28 PM)opmi Wrote: As said, ST not cash rich. EHL is very cash rich.

So he is trying to 孔明借箭. Using company cash to reduce the o/s shares, so he can to hit 90% without using more borrowing.

All his patterns only showed that he very 'gian' EHL at 18 cents.

I think maybe it's because he would not be able to get any meaningful amount of shares unless the share buyback is significantly above current price, but doing that is not good if he wants to make an offer.

BRYTON HOUSE SOLD FOR $27 mil !!!

https://www.squarefoot.com.sg/latest-tra...industrial

2013-05-02 BRYTON HOUSE 12 HOY FATT ROAD 3 99 YRS FROM 1958 FACTORY 20,236 27,000,000 1,335

This must be good news for all Eastern Holdings shareholders! Any idea what will be the likely realised gain - approx. $13.0m ?