E2-Capital Holdings Limited (formerly: Westminster Travel Limited)

[cyclone]

The company has changed its name to E2-Capital Holdings Limited.

For the financial period ended 31/12/2013 :
- Interim dividend => HK cents 3.00
- Special dividend => HK cents 107.00

Total dividend HK cents 110.00. The books closure date for the interim and special dividends is 5 March 2014. Payment Date : 18 March 2014.

[dydx]

For the financial period ended 31/12/2013 :
- Interim dividend => HK cents 3.00
- Special dividend => HK cents 107.00

Total dividend HK cents 110.00. The books closure date for the interim and special dividends is 5 March 2014. Payment Date : 18 March 2014.

HKD1.10/share is equivalent to $0.18/share. Shareholders should be very happy, and jumping high and low!

Of course, this super-size dividend reward is only part of the deal, as shareholders can reasonably expect Dato' Wong to secure through acquisition a new business - another mother hen, so to speak - for the company which would be able to over time lay gold eggs that are hopefully bigger than the mother hen itself!

[dydx]

After paying out a total of HKD1.20/share in dividends on 18Mar14, E2-Capital as at 31Mar14 still has a NAV of HKD237.401m (approx. SGD38.6m) comprising nearly all cash!…..
http://infopub.sgx.com/FileOpen/E2-Mar20...eID=290209

This is equivalent to HKD0.8479/share (based on E2-Capital's 280.0m outstanding issued shares), or approx. SGD0.138/share.

I hope that Dato' Wong is able to come up with a very good acquisition soon to give the company a new life!

[GPD]

E2 is now trading at $0.119, a 15% discount to $0.138. Any reasons not to buy?

[yawnyawn]

A look at the company's 2013 Annual report shows a total of 60 shareholders. This is my first time seeing a listed company with only 60 shareholders! Free float is 11.93%.

I personally think it is hard to buy a meaningful amount of shares without driving up the share price.

[dydx]

Based on the latest 29Apr14 announcement, another big cash distribution of HKD0.67/share (approx. $0.108/share) by way of capital reduction is coming…..
http://infopub.sgx.com/FileOpen/E2-Capit...eID=294342
I am so happy!

After that, there will still be another HKD0.18/share (approx. $0.029/share) of cash in the company, pending Dato' Wong coming up with hopefully an acquisition of a good new business.

[dydx]

The HK$0.67/share (approx. $0.108/share) cash distribution by way of capital reduction will be paid out on 5Aug14, with the Ex Date fixed for 21Jul14…..
http://infopub.sgx.com/Apps?A=COW_CorpAn...8UJZlwWHwI

Including the above, I would have received a total of HK$1.99/share (approx. $0.332/share) in cash distribution from dividends and capital reduction since Nov12. Simply amazing!

[pianist]

what happened? surged 176% today..

another round of santa claus coming early this christmas?

vested

[yawnyawn]

what happened? surged 176% today..

another round of santa claus coming early this christmas?

vested

why didn't you check the sgx announcement?

http://infopub.sgx.com/FileOpen/E2-Blue%...eID=315136

PROPOSED SUBSCRIPTION OF APPROXIMATELY 99.99% OF THE ENTIRE ISSUED AND PAID-UP CAPITAL OF ASTAKA PADU LIMITED – REVERSE TAKEOVER TRANSACTION

The Board believes that the Proposed Acquisition will provide an opportunity for the Investor to participate in the growth of the Iskandar region in Johor Malaysia and thus enhancing the market profile of the Investor.

It is a RTO of a company with 2 plots of land in Iskandar, Johor.

[dydx]

I am totally happy with this small investment made in 2012 and the latest proposed RTO announced last evening which stirred Mr Market to act on the counter in a rather irrational manner today. Guided by the rather old-fashioned value investing principles, accordingly I have very happily taken advantage of the record prices today and exited this investment.