Eastern Holdings

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Following last evening's 1H results and a surprise $0.13/share Special dividend announcements…..
http://infopub.sgx.com/FileOpen/EHL-1HFY...eID=324578 [1H result announcement]
http://infopub.sgx.com/FileOpen/EHL-Ann-...eID=324579 [dividend payment announcement]
, based on the last done share price of $0.36 this morning, so far Mr Market has rewarded Eastern with an extra $0.055 in valuation.

At $0.36, the share price is now pegged at an approx. 15% premium over the latest NAV/share (as at 30Sep14) of $0.3124, which does not account for any additional and hidden values in Eastern's existing investment and other property assets, and in the titles of its trade magazines and related trade shows, as well as development profits from the Grove Residence development project.

Using the information in the previous shareholder circular (dated 13Jul12) as a guide….
http://infopub.sgx.com/FileOpen/44870442...ileID=3129
I suppose it is not difficult to imagine that the additional and hidden values in Eastern's remaining property and publishing assets could potentially add another approx. $0.10/share in value. We should note that in the circular, DMG & Partners as the appointed IFA imputed a Revalued NTA/share at $0.353 against the 30Mar12 NTA/share at $0.234. Of course, we should be mindful that Eastern has since sold and realised a good gain from the Tras Street shop houses in last FY14 (ended 31Mar14).
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(14-11-2014, 01:51 PM)dydx Wrote: so far Mr Market has rewarded Eastern with an extra $0.055 in valuation.

I think it is Mr Tay, rather than Mr Market.

3m shares = 1% of shares o/s
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(13-11-2014, 07:38 PM)opmi Wrote:
(13-11-2014, 07:19 PM)learner88 Wrote: http://infopub.sgx.com/FileOpen/EHL-1HFY...eID=324578

I had to rub my eyes.
13 cents. Not 1.3c

Congrats to all

Offer Lai liao.


Sent from my iPhone using Tapatalk

Offer is good, RTO is also not too bad Smile
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(14-11-2014, 04:03 PM)safetyfirst Wrote:
(13-11-2014, 07:38 PM)opmi Wrote:
(13-11-2014, 07:19 PM)learner88 Wrote: http://infopub.sgx.com/FileOpen/EHL-1HFY...eID=324578

I had to rub my eyes.
13 cents. Not 1.3c

Congrats to all

Offer Lai liao.


Sent from my iPhone using Tapatalk

Offer is good, RTO is also not too bad Smile

I guess Tay has too much on his hands to pursue a RTO, which takes at least 4-6 months.


Sent from my iPhone using Tapatalk
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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One up for all minorities shareholders. Congrats!
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Today is 'Big Ang Pow Day' for all Eastern shareholders! Do check your bank account..
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whooohooo! Big Grin huat har!! Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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noted will check the bank account soon..huat huat ah
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was thnking. If MBT offer at 5 cents premium (hypothetical):

before 13 special div, 5/35 (mkt price) = 14.2% premium
after 13 special div, 5/22 (mkt price) - 22.7% premium.

Therefore, after giving out special div, the offer premium is higher on % terms, even though
the absolute amount is the same.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Yea dont you just love numbers Smile

There are commentaries that says rubles declined 250% Smile

Always have to be careful about % also because it is asymmetrical. Same % up and down are very different. Thats why a bear market is actually more vicious when people just look at % decline

For the offeror what is important to him is how much real hard cash he has to fork out.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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