King Wan Corporation

http://marketdata.set.or.th/mkt/stockquo...country=US

not vested

(28-04-2014, 02:40 PM)Behappyalways Wrote: http://marketdata.set.or.th/mkt/stockquo...country=US

not vested

Thanks. Didn't realised they have it posted under their profile section.

Now am I seeing some crazy KTIS valuation here. PE = 26 and P/B=12??????

Now I hope KWC has sold everything.

(still vested)

(28-04-2014, 02:54 PM)GPD Wrote:

(28-04-2014, 02:40 PM)Behappyalways Wrote: http://marketdata.set.or.th/mkt/stockquo...country=US

not vested

Thanks. Didn't realised they have it posted under their profile section.

Now am I seeing some crazy KTIS valuation here. PE = 26 and P/B=12??????

Now I hope KWC has sold everything.

(still vested)

What if the next quarter is good??

(28-04-2014, 03:04 PM)yeokiwi Wrote:

(28-04-2014, 02:54 PM)GPD Wrote:

(28-04-2014, 02:40 PM)Behappyalways Wrote: http://marketdata.set.or.th/mkt/stockquo...country=US

not vested

Thanks. Didn't realised they have it posted under their profile section.

Now am I seeing some crazy KTIS valuation here. PE = 26 and P/B=12??????

Now I hope KWC has sold everything.

(still vested)

What if the next quarter is good??

I agreed.. That's the saying.. In all markets, big fish eat smaller fish.. The IPO price is at the mercy of KTIS bosses. KW's 2-3% stake is too immaterial to have any influence on KTIS.. Given that the free float is abt 20% odd, KW is pretty badly position as to reduce their stake or to hold on when eventually the KTIS folks wanna push up their shares.

In KW standpoint even at this price level, its actually quite attractive. With 5% dip at 45million shares worth - $2.25m lesser.. They will still be able to pay special dividend in 2Q15. at 1.5-2 cents IMO.

So I am still quite vested.

It is still a gain no doubt but $2.25m is worth about 0.32cts div. Also they will need to sell at a lower price (ie more shares) to pay the special div. Based on the div KTIS paid out for FY13 and KW share of 3%, it amounted roughly to 0.167cts. Perhaps it is just my unrealistic expectation but everything seems to fall short of it (my expectation) now.

Well still the basic div yield is decent enough for me to hold on to it.

The latest report from OSK DMG

(Vested)

SG Value Investor
http://www.sgvalueinvestor.wordpress.com

Anybody knows assuming they sold down their ktis stake, do they have to announce and how long do they have to do so? [quote='GPD' pid='81088' dateline='1398668061']

(28-04-2014, 02:40 PM)Behappyalways Wrote: http://marketdata.set.or.th/mkt/stockquo...country=US

not vested

Thanks. Didn't realised they have it posted under their profile section.

Now am I seeing some crazy KTIS valuation here. PE = 26 and P/B=12??????

Now I hope KWC has sold everything.

(still vested)
[/quote]

(28-04-2014, 02:54 PM)GPD Wrote:

(28-04-2014, 02:40 PM)Behappyalways Wrote: http://marketdata.set.or.th/mkt/stockquo...country=US

not vested

Thanks. Didn't realised they have it posted under their profile section.

Now am I seeing some crazy KTIS valuation here. PE = 26 and P/B=12??????

Now I hope KWC has sold everything.

(still vested)

Where did you get these figures from?
Even under the profile section of the link, it just says "NA"

IR 13/2557
28 April 2014
Subject Notification of the big lot transaction of KTIS
To President
The Stock Exchange of Thailand
Kaset Thai International Sugar Corporation Public Company Limited (the “Company”) would like to notify that on 28 April 2014, the Company had recognized that Mrs.Hathai Siriviriyakul, one of the Company’s major shareholders, sold KTIS ordinary shares on the Big Lot Board, amounted 417,364,800 shares at the price of Baht 12.42 per share to 3S Holding Company Limited, the joint venture between Hathai Jaroon Ek Holding Company Limited (which Mrs.Hathai holds 100% shares) and strategic partners from Japan, namely Sumitomo Corporation “Sumitomo” and Nissin Sugar Company Limited “Nissin Sugar”. The Company believes that the Japanese strategic partners would make the Company becomes more competitive, because Sumitomo is a world class trading company which possesses selling expertise and worldwide distribution channels for the products, whereas Nissin Sugar is the Japan’s second largest sugar refining company, and possesses knowhow and technology in producing various kinds of sugar with Japanese standards. Therefore, it is foreseen that this strategic partnership would help enhancing the Company’s competitiveness and even greater business opportunities.
Consequently, 3S Holding Company Limited holds 708,964,800 KTIS ordinary shares, increased from 291,600,000, or accounted for 18.4% of total registered share capital, and a representative of the holding company will be appointed as one of the Company’s Board of Director members instead of the resigned Director, as stated in the prospectus. The transaction, however, has no impact on the Company’s management policies and operations.
In addition, the aforementioned transaction is a part of shareholders restructuring processes - prior to and after the IPO, as stated in the prospectus and under the signed investment agreement between Mrs.Hathai and the Japanese strategic partners, whose total investment value of not exceeding Baht 2,650 million. Ultimately, the strategic partners from Japan will hold KTIS shares at the amount equivalent to 7.5% via the holding company, whereas 3S Holding Company Limited will hold KTIS shares amounting to 972,000,000 shares, or an equivalent of 25% of the Company's registered share capital.
Please be informed accordingly.
Sincerely yours,
(Mr.Nathapun Siriviriyakul)
Chief Executive Officer – Bio Energy & Product
Authorized to sign on behalf of the company
Investor Relations Department: Tel. 02 692 0869 ext.197, Fax. 02 692 0867

(28-04-2014, 11:13 PM)GFG Wrote:

(28-04-2014, 02:54 PM)GPD Wrote:

(28-04-2014, 02:40 PM)Behappyalways Wrote: http://marketdata.set.or.th/mkt/stockquo...country=US

not vested

Thanks. Didn't realised they have it posted under their profile section.

Now am I seeing some crazy KTIS valuation here. PE = 26 and P/B=12??????

Now I hope KWC has sold everything.

(still vested)

Where did you get these figures from?
Even under the profile section of the link, it just says "NA"

There is a zip file "Financial Statement Yearly/2013" in the blued area.