Ocean Sky International

[lanoitar]

RafflesEdu - Cancellation of Interim Dividend Announced on 8 Feb 2012

http://infopub.sgx.com/Apps?A=COW_Corpor...022012.pdf

[CityFarmer]

RafflesEdu - Cancellation of Interim Dividend Announced on 8 Feb 2012

http://infopub.sgx.com/Apps?A=COW_Corpor...022012.pdf

Thanks lanoitar. You saved my day

Yes, this is the one I referred.

[sgpunter]

So are you guys implying that the price will go higher once the date is confirmed?

If so, I will be more than happy to take that risk. Seriously, how many instances of cancelled dividends are there versus confirmed? Based on the balance of probability, I believe there is a very good chance to profit from this "fear". [/align]

[cif5000]

RafflesEdu - Cancellation of Interim Dividend Announced on 8 Feb 2012

http://infopub.sgx.com/Apps?A=COW_Corpor...022012.pdf

Thanks lanoitar. You saved my day

Yes, this is the one I referred.

Awesome database, lanoitar! Thumbs up!

The financial position of Raffles Edu...eh...incomparable.

[level13]

Those expecting a RTO down the road might be in for disappointment.

As stated in the Q2 earnings report "the Company intends to develop its civil engineering and construction business and is also exploring new business and investment
opportunities in both the construction and property sectors".

This round of bumper dividend will cost the company SGD58.5 mil. Cash level will be reduced to approximately SGD20 mil. Since the company is venturing into new business, they will need to keep some cash for working capital. IMO, there isnt much meat left if investors are looking for dividends.

[cif5000]

Why did they sell the HK properties which they could keep them for a larger portfolio? They built up the cash and then distribute a major chunk to shareholders. Why don't they keep the cash or simply pay the traditional $0.008 dividend slowly? There's hardly too much cash when it comes to property. And post dividend, the market cap will shrink, theoretically to only $36m. Even Pollux is bigger than that. I can't think of a smaller SG property counter. Anyone? Why haven't they exercised the call option on ATS?

This round of bumper dividend will cost the company SGD58.5 mil. Cash level will be reduced to approximately SGD20 mil.

The company has already received the Second Tranche money.

In the "worst case" scenario of them investing S$30m into the Property Business, they are still left with about $10m.

Things shouldn't be judged on its face value.

ATS is a v small business. After 30 years, its profit has only reached $3m.

For all u know, ATS could be a decoy to satisfy SGX's ongoing business requirement, so as to buy more time to execute a RTO or acquisition.

Also, if the failed RTO had proceeded, the Ang's would be reaping the cash gains from selling the apparel business alone. Now that they've got to share it with minorities, we've to question HOW the Ang's are going to extract the value out.

Company couldn't tell me if SGX will consider it as a cash company without ATS.

[Behappyalways]

spend time reading this company.....weigh the pros and cons....might be worth the effort ^^


To add..this might not be a good time to buy....

[Behappyalways]

close to NTA now.....

[cif5000]

To add..this might not be a good time to buy....

Now better time to buy? Can smell the RTO coming?

[Behappyalways]

doubt so.....nothing going to happen between now and dividend payout I guess......after payout, interest may die down.....might be good time to take a look

2 cents worth...