Sunright

[Behappyalways]

KESM announced a special dividend of 3 cents yesterday.

Directors' emoluments :

- Directors of the company
* Fees - $126kk (2014) vs $125kk(2013)
* Salaries and bonuses - $1,276kk vs $1,367kk
* CPF and other defined contributions - $12kk vs $23kk
Directors of subsidiaries
* Fees - $21kk vs $21kk

(MIT and Avi-Tech are turning around from loss to profit. The question is will Sunright be profitable?)

[Behappyalways]

Sunright's associate KESM 2Q2015 result.

Quarterly rpt on consolidated results for the financial period ended 31/1/2015
http://www.bursamalaysia.com/market/list...ts/1899473


OTHERS PRESS RELEASE : A SOLID START FOR KESM (AUTOMOTIVE INDUSTRY DRIVES CHIP DEMAND)
http://www.bursamalaysia.com/market/list...ts/1899481

[edmondchua]

Hi Behappyalways,

I cant find the announcement of KESM test interim dividend of RM30mil. Can you share where you found the announcement?

Thanks!

[Behappyalways]

For your infor.

(Vested. Don't buy. low liquidity. This counter should see corporate action soon. Someone trying to push it down. Talk about SGX rules and fair play....haa haa haa)

(Market value of the company = $15.96m. Cash received from sale =$13.23m. Dividend from KESM Test = $3.926m. Total cash received = $13.23m +$3.926m = $17.156m > Market value of the company. Hence market value of 48.41% stake in Malaysia listed associate KESM is negative ^^^^^)


The aggregate value of the Consideration to be received by the Group =
S$13.23 million

The Company’s market capitalisation based on the total number of issued
shares excluding treasury shares multiplied by the weighted average price
of such shares transacted on the market day preceding the date of the SSA
= S$15.96 million.

Relative figure = 82.89%



For clarification purposes, the above proforma effects have not taken into account the impact of the interim dividend for the financial year ending 31 July 2015 declared by KESM Test on 5 February 2015 amounting to RM30.00 million, of which the Company’s proportionate share is RM10.39 million (approximately S$3,926,000). Had the interim dividend been accounted for, the net tangible assets and net tangible assets per Share would be S$75,063,000 and S$0.61 respectively.

THE PROPOSED DISPOSAL OF APPROXIMATELY 34.62% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF KESM TEST (M) SDN BHD TO KESM INDUSTRIES BERHAD
http://infopub.sgx.com/FileOpen/Annt-Pro...eID=335045


Sunright Streamlines Business
http://infopub.sgx.com/FileOpen/Sunright...eID=335046

Hi Behappyalways,

I cant find the announcement of KESM test interim dividend of RM30mil. Can you share where you found the announcement?

Thanks!

[CityFarmer]

For your infor.

(Vested. Don't buy. low liquidity. This counter should see corporate action soon. Someone trying to push it down. Talk about SGX rules and fair play....haa haa haa)

This sound like a "news from corridor" on investing, and with a conspiracy theory behind

[Behappyalways]

some nice fellow (UBS) has been selling down 100 shares for quite some time......The cost of selling down 100 shares at a loss seems unthinkable....To short? does not make sense as this counter is illiquid. Maybe the nice guy hates the boss or perhaps maybe works for the boss. Well anyway time will reveal the answer ^^

[CityFarmer]

some nice fellow (UBS) has been selling down 100 shares for quite some time......The cost of selling down 100 shares at a loss seems unthinkable....To short? does not make sense as this counter is illiquid. Maybe the nice guy hates the boss or perhaps maybe works for the boss. Well anyway time will reveal the answer ^^

I don't know what's happening, but similar 1000 shares lots selling was observed on other counters as well, before lot size changed to 100 shares. May be market makers in action.

The major cost of 100 shares selling, is the brokerage fee, which has a minimum sum. I reckon, if the sellings are from brokerage house itself, may be the cost isn't a concern.

[old friend]

Half year's earnings should be out by tomorrow evening 13/3/2015.

[Behappyalways]

Sunright 1h2015
http://infopub.sgx.com/FileOpen/SR1HResu...eID=338753

Sunright1h2015a
http://infopub.sgx.com/FileOpen/SRPressR...eID=338754

Take note of the RM30m payout by KESM Test in Feb 2015 (which will be accounted in 2H2015)

[Behappyalways]

our friend from UBS might throw down 100 shares at 5pm

some nice fellow (UBS) has been selling down 100 shares for quite some time......The cost of selling down 100 shares at a loss seems unthinkable....To short? does not make sense as this counter is illiquid. Maybe the nice guy hates the boss or perhaps maybe works for the boss. Well anyway time will reveal the answer ^^