K1 Ventures

(13-08-2013, 10:54 PM)desmondxyz Wrote:

(13-08-2013, 10:50 PM)opmi Wrote: 2 cents div expected what.
Interim div next year depends on more divestments.

Mike milken very slow in realizing KUH investments leh.

KUH investment is a golden goose to K1, not in hurry.....divest others first....

Then divest the ah neh funds. Should be close to end of fund life liao.
0.5 - 1 cent per share also shiok.

http://www.bloomberg.com/news/2013-08-28...n-ipo.html

China Grand Automotive Services Co. (CGAGPZ), the Chinese car dealer backed by TPG Capital, plans to seek at least $500 million in an initial public offering in Hong Kong, said two people with knowledge of the matter.
China Grand Auto, based in Shanghai, may start the share sale early next year, said the people, who asked not to be identified because the information is private. China International Capital Corp. and Goldman Sachs Group Inc. are working on the offering, the people said.
The IPO would be Hong Kong’s biggest for a car dealership since at least December 2010, when China ZhengTong Auto Services Holdings Ltd. (1728) raised $514 million, data compiled by Bloomberg show. China ZhengTong has fallen 39 percent from its IPO price.
Company officials weren’t available to respond to a phone inquiry at China Grand Auto’s head office in Shanghai. China Grand Auto had planned to seek about $1 billion in a Hong Kong IPO, people with knowledge of the matter said in April 2010.
China Grand Auto posted a profit of 1.5 billion yuan ($245 million) on sales of 73 billion yuan last year, according to the company’s website. It aims to overtake AutoNation Inc. (AN) as the world’s biggest car dealer this year, China Grand Auto says on its website.
AutoNation had sales of $15.7 billion in 2012, equivalent to 96 billion yuan at today’s exchange rate, data compiled by Bloomberg show. The company trades at 16.5 times trailing 12-month earnings, according to the data.

China Grand Auto is No. 1 car dealer in PRC.

Dropped out of A share listing process. Seems like it is going for H share.
Also good la. More liquid shares.

As more divestments materialise, it become clearer why there was an Offer last year.

K1 in divestment mode now.....we just sit tight and collect money.....

(05-09-2013, 11:52 AM)desmondxyz Wrote: K1 in divestment mode now.....we just sit tight and collect money.....

Going to be 12 months since last CONDITIONAL Offer at mid Sep 2012. Meaning someone can make an Offer again.

Hope MORE shareholders wise up after the last lowball offer.

Rem to KP if another low ball Offer comes out.

Britain's largest nursery chain Busy Bees set to be bought by Canadian pension fund
Busy Bees, Britain’s largest nursery chain, is set to be acquired by a Canadian pension fund in a £220m deal.
The Ontario Teachers’ Pensions Fund has been named as preferred bidder and is in exclusive talks with the business, with Lion Capital no longer in the bidding.

Financial adviser Rothschild has been hired by Teachers’ Private Capital – the Canadian fund’s investment arm – to manage the purchase process of the business, which runs 212 nurseries, caring for more than 19,000 children.

Busy Bees was set up in 1983 by former teacher John Woodward, who still retains a large stake, though Knowledge Universe, a US education firm, owns the majority.

Busy Bees group posted revenues of £110m in 2012 with ebitda of about £19m. The indicated price of £220m reflects a higher calculation of revenue based on Busy Bees’ acquisition of the Just Learning childcare operation earlier this year.

K1 owns 12.2% of KUH, any idea KUH owns how many stake in busy bees?

(19-09-2013, 10:54 PM)desmondxyz Wrote: K1 owns 12.2% of KUH, any idea KUH owns how many stake in busy bees?

article said majority shareholder, so should be more than 50%. so just take it as 50%.

Question: Which entity is holding Busy Bees? KUH or KUE??

(20-09-2013, 01:44 AM)opmi Wrote:

(19-09-2013, 10:54 PM)desmondxyz Wrote: K1 owns 12.2% of KUH, any idea KUH owns how many stake in busy bees?

article said majority shareholder, so should be more than 50%. so just take it as 50%.

Question: Which entity is holding Busy Bees? KUH or KUE??

Based on the following news release and latest AR of K1 under the group structure Knowledge Universe Holdings has 65% ownership of knowledge universe education.

"...Busy Bees Holdings Limited, added, ‘During our 30-year history we have worked with a number of different partners and investors and this has enabled us to grow and develop a successful business. We understand that this makes us highly attractive to potential investors and although we are delighted with the support and investment we have received under the ownership of Knowledge Universe Education we are confident that if a change in ownership were to take place this would provide more opportunities for us into the future"


http://www.nurseryworld.co.uk/article/11...-bees-sale

220 pounds is ard 440 SGD....

So K1 will receive 12.2% x 65% x Majority% x 440 = ?

if Majority = 50%, K1 will receive 17.4 mils or 0.8 cts/share
if Majority = 80%, K1 will receive 27.9 mils or 1.28 cts/share