Baker Tech

(02-05-2014, 06:46 PM)Retired@52 Wrote:

(02-05-2014, 06:41 PM)Retired@52 Wrote:

(02-05-2014, 06:24 PM)smallcaps Wrote: The new ID (Ms Vicky Han) bought 500 lots @ 32.5 cents on Wed (30 Apr), via market transaction.

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=295122

I spoke to her last week, quite a nice lady. I sold, she bought, same day, same price. I wonder who is right.

Yep, the timing very interesting indeed, so close to XD and $160k does seem like a significant amount for an ID, who would probably receive around $60k in annual fees from the company.

(02-05-2014, 11:34 PM)smallcaps Wrote:

(02-05-2014, 06:46 PM)Retired@52 Wrote:

(02-05-2014, 06:41 PM)Retired@52 Wrote:

(02-05-2014, 06:24 PM)smallcaps Wrote: The new ID (Ms Vicky Han) bought 500 lots @ 32.5 cents on Wed (30 Apr), via market transaction.

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=295122

I spoke to her last week, quite a nice lady. I sold, she bought, same day, same price. I wonder who is right.

Yep, the timing very interesting indeed, so close to XD and $160k does seem like a significant amount for an ID, who would probably receive around $60k in annual fees from the company.

Anyway, it's always good to see an insider buy....it's positive sign...

This company has a very generous dividend policy , can the business continue to sustain such payout ?

(06-05-2014, 08:57 AM)cfa Wrote: This company has a very generous dividend policy , can the business continue to sustain such payout ?

This same question is asked last year after 10 cents dividend payout.

Will it be asked again next year?

Depending on how you define the "sustainable", the current cash reserve is sufficient to pay the 1+4c div for another 4 years. I think somehow the Company has a plan to invest in other cash generating business, so it was "conservative" to pay only 4c special div where they can afford to pay much more. The last quarter EPS of 0.19c is derived solely on reliance of Sea Deep, but let's say the Company utilise its cash to invest in something much bigger, we would then expect a much bigger EPS as well.

Though I am vested, but I don't think I will add more positions in view of the uncertainties on how the Company would spend its cash.

over valued time to sell this bugger

I think ID bought for the sake of buying..

CEO exercised another 4.9 mil warrants @ 18.5 cents on 7 May:

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=296017

He's now at 48.17%... trying to creep as near to 1% rule as possible?

(08-05-2014, 10:27 PM)smallcaps Wrote: CEO exercised another 4.9 mil warrants @ 18.5 cents on 7 May:

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=296017

He's now at 48.17%... trying to creep as near to 1% rule as possible?

Is it a reporting mistake? The XD date was on 6th May 14, if he exercised the warrants on 7th May, the exercise price should be $0.145 & not $0.185 and will not be entitled to the current dividends unless he back dated the exercise to receive the dividends.

(08-05-2014, 11:28 PM)Retired@52 Wrote:

(08-05-2014, 10:27 PM)smallcaps Wrote: CEO exercised another 4.9 mil warrants @ 18.5 cents on 7 May:

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=296017

He's now at 48.17%... trying to creep as near to 1% rule as possible?

Is it a reporting mistake? The XD date was on 6th May 14, if he exercised the warrants on 7th May, the exercise price should be $0.145 & not $0.185 and will not be entitled to the current dividends unless he back dated the exercise to receive the dividends.

According to the following warrant adjustment announcement, it seems that the deadline is book closure date (8 May) and not XD date:

http://infopub.sgx.com/FileOpen/Note_to_...eID=293458

The Company wishes to inform that holders of the 2012 Warrants who wish to
participate in the Proposed Dividend, should exercise their 2012 Warrants at the
exercise price of S$0.185 as early as possible and arrange for the Shares to be
registered in the register of members of the Company or the Depository Register
maintained with the CDP, as the case may be, in any event, not later than 5.00 p.m.
on 8 May 2014.

(09-05-2014, 01:35 AM)smallcaps Wrote:

(08-05-2014, 11:28 PM)Retired@52 Wrote:

(08-05-2014, 10:27 PM)smallcaps Wrote: CEO exercised another 4.9 mil warrants @ 18.5 cents on 7 May:

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=296017

He's now at 48.17%... trying to creep as near to 1% rule as possible?

Is it a reporting mistake? The XD date was on 6th May 14, if he exercised the warrants on 7th May, the exercise price should be $0.145 & not $0.185 and will not be entitled to the current dividends unless he back dated the exercise to receive the dividends.

According to the following warrant adjustment announcement, it seems that the deadline is book closure date (8 May) and not XD date:

http://infopub.sgx.com/FileOpen/Note_to_...eID=293458

The Company wishes to inform that holders of the 2012 Warrants who wish to
participate in the Proposed Dividend, should exercise their 2012 Warrants at the
exercise price of S$0.185 as early as possible and arrange for the Shares to be
registered in the register of members of the Company or the Depository Register
maintained with the CDP, as the case may be, in any event, not later than 5.00 p.m.
on 8 May 2014.

Yes, you 're right. I spoke to him 2 weeks ago and asked him why he exercised during CD and not after XD, he said it made a difference of 1 cent. One Cent is a lot of money considering the amount of warrants he exercised.