2nd Chance Properties

[camelking]

it's interesting to note that the final and special dividend will be paid via cash instead of the past option cash or scrip option.

I would have missed that if i didnt read it more carefully.

I wonder why management has chosen to change the dividend payment option

---

i quote from the latest results announcement
"The revenue increased due to the additional rental income from the new properties
purchased in the current financial year and also increased rentals for some existing properties."
I looked thru all the company announcements from Jun 2011 to Aug 2011. I did not see any announcements regarding property purchases.

But i do recall property purchase announcements in the previous years.

Can someone help me to understand when does a company need to make such announcments?

Dividends
- Almost half of the outstanding warrants (2013 batch) have been converted. The rest will probably be converted given the current price.
With so many new shares and expected cash from further conversion, the management probably think they can afford to pay cash and avoid further dilution. Note: With a bigger shareholders base, future dividend will be more.

Announcements
- If i remember correctly, the threshold is based on the latest audited net tangible assets of the company. Something like 2.5% or 5%. Go read up the listing manual which can be found in SGX. (Long time never do reporting...so can't remember) So, the purchase/disposal of properties is below the threshold, no announcement is required.