Lee Kim Tah Holdings

[brattzz]

oh yes, unless they are planning for something BIG, JP-REITS anyone?

[dydx]

Yesterday (31Aug11), the Lee Family added another 10 lots and paid $0.565/share.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument

Today (1Sep11), a total of 40 lots done, all at $0.57. It looks like the Lee's are facing some competition and may have little choice but to pay more!

[pianist]

based on last declared dividend of 1cent against current price of 0.57, the dividend yield is only 1.75%. It seems like Lee Kim Tah's management is trying to play a 'patience game' with existing minority shareholders. Those who can't stand the low rate would probably let go of their shares. In fact every year from 2007, only 1cent dividend was declared which brings me to ask its rationale of doing so. hmm..

[RBM]

Now we see some variety in the tactics of the Lee's broker! Interesting! They have just gone into the market, this early Friday afternoon, with a bid for 50,000 (possibly 80,000) Lee Kim Tah shares at S$ 0.565 per share. Trades for 27 lots were done this early morning at S$ 0.565, and I do not believe these purchases were on behalf of the Lee's.

I agree with pianist that Lee Kim Tah's dividend level is deminimus - were the dividend to be higher I suspect this would work against the interest of the controlling shareholders who want to increase their holding and (I strongly suspect) eventually delist (i.e. the Lee's) - but Lee Kim Tah has been one of the few stocks on the SGX to hold its own price-wise in recent weeks. I would hazard a guess it is one of the SGX's top tercile price performers in recent months. I'm not complaining - I'm vested.

Post Script at 16.30 hrs - Pleasing to note that a bid for 5,000 shares at S$ 0.57 per LKT share was made. Power to the elbow of the modest investor! This was followed by 93 lots traded at S$ 0.57. Will be interesting to note if any of these shares were picked up by the Lee's.

[dydx]

Last Friday (2Sep11), the Lee Family added another 83 lots and paid an average price of $0.56892/share.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument

When the overall SGX market is engulfed with uncertainty, and there has been a sea of "reds" among the counters traded in the last few market days, it is indeed comforting to note that LKT as a counter has chosen to run its own course and stayed steady.

[dydx]

Yesterday (5Sep11), the Lee Family added another 55 lots (out of a total of 60 lots transacted) and paid $0.57/share.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument

As for today (6Sep11), a total of 70 lots were transacted, all at $0.57.

[dydx]

Yesterday (6Sep11), the Lee Family added another 70 lots (all the shares transacted in the entire day!) and paid $0.57/share....
http://info.sgx.com/webcorannc.nsf/Annou...endocument

In terms of buying power and commitment to the business, nobody can beat the Lee Family! A relevant question: Should minority shareholders join the Lee's as long-term partners, or just give in to them?

[dydx]

On 7Sep11, the Lee Family added another 10 lots (again all the shares transacted in the entire day!) and paid $0.57/share....
http://info.sgx.com/webcorannc.nsf/Annou...endocument

[dydx]

On 12Sep11, the Lee Family added another 179 lots (out of a total 190 lots transacted in the entire day) and paid $0.57/share....
http://info.sgx.com/webcorannc.nsf/Annou...endocument

[dydx]

In the 5 market days from 15Sep11 till 22Sep11, the Lee Family added another 67 lots, paying between $0.57 to $0.575/share.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument (15Sep11)
http://info.sgx.com/webcorannc.nsf/Annou...endocument (16Sep11)
http://info.sgx.com/webcorannc.nsf/Annou...endocument (20Sep11)
http://info.sgx.com/webcorannc.nsf/Annou...endocument (21Sep11)
http://info.sgx.com/webcorannc.nsf/Annou...endocument (22Sep11).
The Lee's are in the market buying everyday! They continue to buy even though the available shares from willing sellers are small - and getting smaller!

Today (23Sep11, Friday) - a depressed market day! - a total of 47 lots were transacted between $0.565 and $0.575, and LKT closed unchanged at $0.575. We will know if the Lee's are the main buyer when the company makes the daily announcements next Monday.

I suppose some LKT shareholders may be quite pleased that they are sheltered from the current market rout! This is clearly not good enough for most shareholders though, as LKT is actually worth a lot more than the current share price!