2012 : Low Ball Offer - 13.5 cts.
2014 : NAV : 15 cts
2014 TP : $0.26 cts
2014 Trade price : 22.5 cts
After 2014's 5 cts dividends value : NAV is 13.5 cts - 5 cts = 8.5 cts (based on 2012 GO NAV), OSK Determination using SOPT : 32 cts
Dividends 5 cts already!... gosh, sure they are winding up? they maybe just looking to sell & buy-in next opportunity!
Still got KUH / CGA / GUGG - 3 more assets sia...
"the group has 3 remaining investments:
1) a 12.2% stake in Knowledge Universe Holdings (KUH); valued at 14cts/share
2) a USD100m investment in preferred shares of Guggenheim Capital with a 7% coupon rate and a conversion option; - 2017; valued at 6cts/share
3) a 1.6% stake in China Grand Auto, the largest automotive dealership in China and majority-owned by private equity firm TPG." - IPO HK? valued at 2cts/share
"If the company remains listed, the only cash they can easily take out is via dividends." -< D.O.G
Soo shiok!
I am happy with the dividends yield today! expect more end of year!
maybe non-recurring, maybe if the price is right?!!
With this 5cts dividends, more investors will hop-on for the yield and price consolidation with view of more dividends/cash out to come!
This is a keeper!