NTUC Income shares

[Jacmar]

This announcement might have slip below the radar but it's huge. NTUC Income is unlocking the value of it's enterprice:

https://links.sgx.com/1.0.0/corporate-an...202022.pdf

For many years NTUC Income has been doing very well and giving out consistent 6% dividend and the occasional bonus div and shares. They are restricted as a co-op to be able to reward more comparable to a corp co much to the displeasure(me included) of many members(yes members and not shareholders as it is a co-op).  Now by getting rid of it's co-op structure through this corporatisation they can do anything with a potential of being listed possibly in 2023.

If they do IPO and a BV of around $40+/share, shareholders can expect their shares to rise from current $10(cap as a co-op) to this level. GE is trading at around BV too. A potential major windfall if it's IPO. Keep fingers cross and hold on tight.

For those who is interested in buying more NTUC Income shares, sorry they have stopped selling many many yrs ago. Oldies like me lucky to get it then and it was limited to 5000 shares per member who purchased NTUC Insurance.

[brattzz]

As part of the proposed corporatisation exercise, Income will transfer its existing insurance business
and assets to the new company (NewCo), Income Insurance Limited,

and, thereafter, the co-op will be liquidated.

The proposed corporatisation exercise is expected to be completed in the second half of
2022, subject to regulatory approvals and other customary closing conditions.

waos! i got some small NTUC shares too!

[desmondxyz]

NTUC IPO coming?

[edragon]

If they do IPO and a BV of around $40+/share, shareholders can expect their shares to rise from current $10(cap as a co-op) to this level. GE is trading at around BV too. A potential major windfall if it's IPO. Keep fingers cross and hold on tight.

For those who is interested in buying more NTUC Income shares, sorry they have stopped selling many many yrs ago. Oldies like me lucky to get it then and it was limited to 5000 shares per member who purchased NTUC Insurance.

Please elaborate on the above share value as $40 or current $10 as I thought the share to be worth $1 per share.

Also, I only have slightly more than 1,000 shares but you have mentioned the limit was 5,000 shares. Tried for many years (more than 2 decades) but I could not get (buy) any more as my offer was declined all these years.

[Jacmar]

If they do IPO and a BV of around $40+/share, shareholders can expect their shares to rise from current $10(cap as a co-op) to this level. GE is trading at around BV too. A potential major windfall if it's IPO. Keep fingers cross and hold on tight.

For those who is interested in buying more NTUC Income shares, sorry they have stopped selling many many yrs ago. Oldies like me lucky to get it then and it was limited to 5000 shares per member who purchased NTUC Insurance.

Please elaborate on the above share value as $40 or current $10 as I thought the share to be worth $1 per share.

Also, I only have slightly more than 1,000 shares but you have mentioned the limit was 5,000 shares. Tried for many years (more than 2 decades) but I could not get (buy) any more as my offer was declined all these years.

Go look at the last AR 2020(2021 not out yet), it was showing around $39 BV.  When the shares was issued when you purchased it long ago it was >$10 if I remembered it correctly. So you paid $10/share for your 1000 shares ie $10k. When the BV started rising they stop the sale of the shares(my guess). Yes I tried many many yrs ago to buy more for my kids and was on a long waiting list but no chance of getting it. when it's selling at far below BV and an iconic brand with 6% div yield, you can't go much wrong with it.

they also imposed a limit of 5000 shares per insurance policy holder can buy. i took the chance then to buy the max.

[opmi]

If they do IPO and a BV of around $40+/share, shareholders can expect their shares to rise from current $10(cap as a co-op) to this level. GE is trading at around BV too. A potential major windfall if it's IPO. Keep fingers cross and hold on tight.

For those who is interested in buying more NTUC Income shares, sorry they have stopped selling many many yrs ago. Oldies like me lucky to get it then and it was limited to 5000 shares per member who purchased NTUC Insurance.

Please elaborate on the above share value as $40 or current $10 as I thought the share to be worth $1 per share.

Also, I only have slightly more than 1,000 shares but you have mentioned the limit was 5,000 shares. Tried for many years (more than 2 decades) but I could not get (buy) any more as my offer was declined all these years.

Go look at the last AR 2020(2021 not out yet), it was showing around $39 BV.  When the shares was issued when you purchased it long ago it was >$10 if I remembered it correctly. So you paid $10/share for your 1000 shares ie $10k. When the BV started rising they stop the sale of the shares(my guess). Yes I tried many many yrs ago to buy more for my kids and was on a long waiting list but no chance of getting it. when it's selling at far below BV and an iconic brand with 6% div yield, you can't go much wrong with it.

they also imposed a limit of 5000 shares per insurance policy holder can buy. i took the chance then to buy the max.

Good for you! Bao Jiat!

This exercise is like demutualisation. Peter Lynch/Greenblatt(?) play.

USA still have small community banks going IPOs. Probably one of the few inefficiencies around

[Bibi]

Pardon my ignorance. May I ask is NTUC Income shares similiar to NTUC Fairprice shares?

https://dollarsandsense.sg/ntuc-membersh...receiving/
The latter shares can be bought by becoming a NTUC member.

[Bibi]

Pardon my ignorance. May I ask is NTUC Income shares similiar to NTUC Fairprice shares?

https://dollarsandsense.sg/ntuc-membersh...receiving/
The latter shares can be bought by becoming a NTUC member.

Nvm. I googled and I think they r different.

[edragon]

Thanks opmi for the reply and info.
Only in a recent year, I attended an AGM once.
I guess you can say that the shares paid for itself after many years.

[Corgitator]

If they do IPO and a BV of around $40+/share, shareholders can expect their shares to rise from current $10(cap as a co-op) to this level. GE is trading at around BV too. A potential major windfall if it's IPO. Keep fingers cross and hold on tight.

For those who is interested in buying more NTUC Income shares, sorry they have stopped selling many many yrs ago. Oldies like me lucky to get it then and it was limited to 5000 shares per member who purchased NTUC Insurance.

Please elaborate on the above share value as $40 or current $10 as I thought the share to be worth $1 per share.

Also, I only have slightly more than 1,000 shares but you have mentioned the limit was 5,000 shares. Tried for many years (more than 2 decades) but I could not get (buy) any more as my offer was declined all these years.

Go look at the last AR 2020(2021 not out yet), it was showing around $39 BV.  When the shares was issued when you purchased it long ago it was >$10 if I remembered it correctly. So you paid $10/share for your 1000 shares ie $10k. When the BV started rising they stop the sale of the shares(my guess). Yes I tried many many yrs ago to buy more for my kids and was on a long waiting list but no chance of getting it. when it's selling at far below BV and an iconic brand with 6% div yield, you can't go much wrong with it.

they also imposed a limit of 5000 shares per insurance policy holder can buy. i took the chance then to buy the max.

Not sure if I am reading the AR correctly, since I am not well-versed with insurance companies.

But they have book value of $4.26B, 100M commons shares, and 76M permanent shares. So shouldn't book value per share be 4260/(100+76) = ~$24 per share?