ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. › ValueBuddies.com › Singapore Listed Companies › E - E v
Elite KSB Holdings

Elite KSB Holdings

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
kbl Offline
Senior Member
****
Posts: 536
Threads: 11
Joined: Sep 2012
Reputation: 5
#61
31-10-2012, 05:30 PM
(31-10-2012, 05:27 PM)CityFarmer Wrote:
(31-10-2012, 05:11 PM)kbl Wrote: Done deal today or postpone again?

Major hurdles are cleared, should be done deal. Will be confirmed by announcement, probably tomorrow...

Hopefully this evening Sir.
Not a call to Buy or Sell

Mr Bump: All I Can Smell Is My FEAR
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#62
31-10-2012, 05:56 PM
(31-10-2012, 05:30 PM)kbl Wrote:
(31-10-2012, 05:27 PM)CityFarmer Wrote:
(31-10-2012, 05:11 PM)kbl Wrote: Done deal today or postpone again?

Major hurdles are cleared, should be done deal. Will be confirmed by announcement, probably tomorrow...

Hopefully this evening Sir.

The disposal approval should not be a surprise to shareholders. The amount of the special dividend is the one being speculated...Tongue

I am speculating that the special dividend is 25 cents (the least known) to 32 cents (maximum) excluding the final dividend already announced.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
kbl Offline
Senior Member
****
Posts: 536
Threads: 11
Joined: Sep 2012
Reputation: 5
#63
31-10-2012, 07:43 PM
35.5cts special dividend
(31-10-2012, 05:56 PM)CityFarmer Wrote:
(31-10-2012, 05:30 PM)kbl Wrote:
(31-10-2012, 05:27 PM)CityFarmer Wrote:
(31-10-2012, 05:11 PM)kbl Wrote: Done deal today or postpone again?

Major hurdles are cleared, should be done deal. Will be confirmed by announcement, probably tomorrow...

Hopefully this evening Sir.

The disposal approval should not be a surprise to shareholders. The amount of the special dividend is the one being speculated...Tongue

I am speculating that the special dividend is 25 cents (the least known) to 32 cents (maximum) excluding the final dividend already announced.
Not a call to Buy or Sell

Mr Bump: All I Can Smell Is My FEAR
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#64
31-10-2012, 08:33 PM
(31-10-2012, 07:43 PM)kbl Wrote: 35.5cts special dividend
(31-10-2012, 05:56 PM)CityFarmer Wrote:
(31-10-2012, 05:30 PM)kbl Wrote:
(31-10-2012, 05:27 PM)CityFarmer Wrote:
(31-10-2012, 05:11 PM)kbl Wrote: Done deal today or postpone again?

Major hurdles are cleared, should be done deal. Will be confirmed by announcement, probably tomorrow...

Hopefully this evening Sir.

The disposal approval should not be a surprise to shareholders. The amount of the special dividend is the one being speculated...Tongue

I am speculating that the special dividend is 25 cents (the least known) to 32 cents (maximum) excluding the final dividend already announced.

Congrats to shareholders and of course myself too Tongue

The special dividend is more than i am expected. 35.5 cents actual vs 32 cents expected. Tongue
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
pianist Offline
Posting Freak
*****
Posts: 2,808
Threads: 170
Joined: Sep 2010
Reputation: 1
#65
31-10-2012, 09:42 PM
(31-10-2012, 08:33 PM)CityFarmer Wrote:
(31-10-2012, 07:43 PM)kbl Wrote: 35.5cts special dividend
(31-10-2012, 05:56 PM)CityFarmer Wrote:
(31-10-2012, 05:30 PM)kbl Wrote:
(31-10-2012, 05:27 PM)CityFarmer Wrote: Major hurdles are cleared, should be done deal. Will be confirmed by announcement, probably tomorrow...
Hopefully this evening Sir.
The disposal approval should not be a surprise to shareholders. The amount of the special dividend is the one being speculated...Tongue
I am speculating that the special dividend is 25 cents (the least known) to 32 cents (maximum) excluding the final dividend already announced.
Congrats to shareholders and of course myself too Tongue
The special dividend is more than i am expected. 35.5 cents actual vs 32 cents expected. Tongue
what can i add on? yum....yum......yumm...seng!
Find
Reply
money Offline
Senior Member
****
Posts: 514
Threads: 1
Joined: Dec 2010
Reputation: 6
#66
31-10-2012, 10:03 PM
i seldom make predictions, but i have a feeling the share price may shoot up by 5-10 cents tomorrow Smile
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#67
31-10-2012, 11:03 PM
(31-10-2012, 10:03 PM)money Wrote: i seldom make predictions, but i have a feeling the share price may shoot up by 5-10 cents tomorrow Smile

It will be interesting to find out any more $ left on the table tomorrow? Tongue
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
nsengkia Offline
Member
***
Posts: 91
Threads: 2
Joined: Sep 2010
Reputation: 13
#68
01-11-2012, 08:39 AM
(31-10-2012, 11:03 PM)CityFarmer Wrote:
(31-10-2012, 10:03 PM)money Wrote: i seldom make predictions, but i have a feeling the share price may shoot up by 5-10 cents tomorrow Smile

It will be interesting to find out any more $ left on the table tomorrow? Tongue

NTA post disposal is around 60 cents with China associates valued at cost. Shell company is worth something if RTO goes through. If not, liquidation and cash distribution will take 1.5 to 2 years.

Last done price was 53 cents with 1.5 cents dividend and 35.5 cents special dividend thrown in to be paid by end Nov. After one month, cost on purchase is reduced to 53 - 1.5 - 35.5 = 16 cents with an uncertain but likely payoff of 60 - 1.5 - 35.5 = 23 cents in 2 years time (excluding all transaction costs).

IRR is > 20% per year. Should have more upside today.
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#69
01-11-2012, 08:57 AM
(01-11-2012, 08:39 AM)nsengkia Wrote:
(31-10-2012, 11:03 PM)CityFarmer Wrote:
(31-10-2012, 10:03 PM)money Wrote: i seldom make predictions, but i have a feeling the share price may shoot up by 5-10 cents tomorrow Smile

It will be interesting to find out any more $ left on the table tomorrow? Tongue

NTA post disposal is around 60 cents with China associates valued at cost. Shell company is worth something if RTO goes through. If not, liquidation and cash distribution will take 1.5 to 2 years.

Last done price was 53 cents with 1.5 cents dividend and 35.5 cents special dividend thrown in to be paid by end Nov. After one month, cost on purchase is reduced to 53 - 1.5 - 35.5 = 16 cents with an uncertain but likely payoff of 60 - 1.5 - 35.5 = 23 cents in 2 years time (excluding all transaction costs).

IRR is > 20% per year. Should have more upside today.

I agreed with your view

The risk is on the china associate. They can go bankrupt in future (less likely but possible), but their book value can also continue to grow in next 1-2 years.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
PkNanas Offline
Member
***
Posts: 53
Threads: 0
Joined: Jul 2011
Reputation: 0
#70
01-11-2012, 10:15 AM
(01-11-2012, 08:57 AM)CityFarmer Wrote:
(01-11-2012, 08:39 AM)nsengkia Wrote:
(31-10-2012, 11:03 PM)CityFarmer Wrote:
(31-10-2012, 10:03 PM)money Wrote: i seldom make predictions, but i have a feeling the share price may shoot up by 5-10 cents tomorrow Smile

It will be interesting to find out any more $ left on the table tomorrow? Tongue

NTA post disposal is around 60 cents with China associates valued at cost. Shell company is worth something if RTO goes through. If not, liquidation and cash distribution will take 1.5 to 2 years.

Last done price was 53 cents with 1.5 cents dividend and 35.5 cents special dividend thrown in to be paid by end Nov. After one month, cost on purchase is reduced to 53 - 1.5 - 35.5 = 16 cents with an uncertain but likely payoff of 60 - 1.5 - 35.5 = 23 cents in 2 years time (excluding all transaction costs).

IRR is > 20% per year. Should have more upside today.

I agreed with your view

The risk is on the china associate. They can go bankrupt in future (less likely but possible), but their book value can also continue to grow in next 1-2 years.

If the target RTO company want the China Associate to be disposed before injecting the asset into the company, what are possible and likely method?
Distribute associates' share to all shareholder? Chew Khim Bok buy over minority's share? The China associate buy over Elite's share?
Find
Reply


Forum Jump:


Users browsing this thread: 2 Guest(s)