G. K. Goh Holdings

[shn]

I was very suprized to have found this gem (hopefully so) when I screened every SGX stock that meet my requirement of having high cash, good dividend yield and good discount to NTA.

A few others that meet the above criteria are:
Hotung
Metro
Sin Ghee Huat

Vested in all the four!

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Another two which I have left out are:
Nam Lee
Hong Leong Finance

I am also vested in these two.

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Another two which I have left out by mistake are:
Nam Lee
Hong Leong Finance

I am also vested in these two (my portfolio consists of more than 20 stocks, mostly with reasonably high dividend yielld)

[guru]

Any idea what is expected dividend for this year?
At 80c, its trading at 30% discount to its NAV, which is quite a lot of cash.
It seems to me that GK is now like a Fund Manager with lots cash and just evaluating good investments when it comes along and only invest when the risk-reward payoffs are favourable and will divest when the right price comes along. It'll therefore be like investing in a fund manager to do the work for you. Of course,the past records appears to be pretty decent.

Prolly a good and safe place to place your excess funds to collect some passive dividends. But other than some dividends here and there, don't think the price will shoot up. Comments pls.

[camelking]

Any idea what is expected dividend for this year?
At 80c, its trading at 30% discount to its NAV, which is quite a lot of cash.
It seems to me that GK is now like a Fund Manager with lots cash and just evaluating good investments when it comes along and only invest when the risk-reward payoffs are favourable and will divest when the right price comes along. It'll therefore be like investing in a fund manager to do the work for you. Of course,the past records appears to be pretty decent.

Prolly a good and safe place to place your excess funds to collect some passive dividends. But other than some dividends here and there, don't think the price will shoot up. Comments pls.

One point to note is part of the cash doesn't belong to GK Goh. It is held in trust by gk Goh Futures. So, you need to take out that portion if you want to calculate the actual cash.

Vested

[guru]

Thanks for pointing it out. The net cash less off those from GK Goh Futures should be $166M or 52c/ share.

One point to note is part of the cash doesn't belong to GK Goh. It is held in trust by gk Goh Futures. So, you need to take out that portion if you want to calculate the actual cash.

Vested
[/quote]

[touzi]

I am still puzzled how a company like GKG ended up investing in EUNet. EUNet as I understand is a specialized Telecom infrastructure player catering to corporate customers in Europe. Almost the entire GKG board and management is not from the technology field. The only exception is one of the independent directors who is also the non-exec chairman of EUN. Anyone who has attended GKG AGM can share any insight on the management optimism over EUN? Thanks.

Besides EUN another major shareholder of EUN is Columbia Capital. Search on the internet indicated that they specialized in Telecom investment.

Based on current price of $0.015 for EUN, GKG's investment in EUN will be about $19.885 Mil (or $0.06 per GKG share). I will be kiasu and subtract that amount from the NC Asset long term investment. Will wait for price to drop closer to $0.70.

[d.o.g.]

I am still puzzled how a company like GKG ended up investing in EUNet. EUNet as I understand is a specialized Telecom infrastructure player catering to corporate customers in Europe. Almost the entire GKG board and management is not from the technology field. The only exception is one of the independent directors who is also the non-exec chairman of EUN. Anyone who has attended GKG AGM can share any insight on the management optimism over EUN? Thanks.

Besides EUN another major shareholder of EUN is Columbia Capital. Search on the internet indicated that they specialized in Telecom investment.

The GK Goh board did admit that for the investment in EUNetworks, there was more restructuring needed than expected. Columbia Capital is the one doing the heavy lifting now as they are the ones with the domain knowledge.

GK Goh has made many investments over the years. Some turn out well, others don't. They have consistently paid dividends, so shareholders who did not pay too much for their shares would have been well rewarded.

[desmondxyz]

GKgoh up quietly for the past week....89 now....will it hit 1 dollar?

[heifien91]

Any idea what is expected dividend for this year?
At 80c, its trading at 30% discount to its NAV, which is quite a lot of cash.
It seems to me that GK is now like a Fund Manager with lots cash and just evaluating good investments when it comes along and only invest when the risk-reward payoffs are favourable and will divest when the right price comes along. It'll therefore be like investing in a fund manager to do the work for you. Of course,the past records appears to be pretty decent.

Prolly a good and safe place to place your excess funds to collect some passive dividends. But other than some dividends here and there, don't think the price will shoot up. Comments pls.

One point to note is part of the cash doesn't belong to GK Goh. It is held in trust by gk Goh Futures. So, you need to take out that portion if you want to calculate the actual cash.

Vested

Hi camelking,

Was wondering why do we have to less off that cash amount? While the money is held in GK Financials the company can decide where the money is invested in hence I feel we should not omit that amount of cash while calculating the intrinsic value?

Thanks.

[camelking]

Any idea what is expected dividend for this year?
At 80c, its trading at 30% discount to its NAV, which is quite a lot of cash.
It seems to me that GK is now like a Fund Manager with lots cash and just evaluating good investments when it comes along and only invest when the risk-reward payoffs are favourable and will divest when the right price comes along. It'll therefore be like investing in a fund manager to do the work for you. Of course,the past records appears to be pretty decent.

Prolly a good and safe place to place your excess funds to collect some passive dividends. But other than some dividends here and there, don't think the price will shoot up. Comments pls.

One point to note is part of the cash doesn't belong to GK Goh. It is held in trust by gk Goh Futures. So, you need to take out that portion if you want to calculate the actual cash.

Vested

Hi camelking,

Was wondering why do we have to less off that cash amount? While the money is held in GK Financials the company can decide where the money is invested in hence I feel we should not omit that amount of cash while calculating the intrinsic value?

Thanks.

hi,

no, GK can't touch the money as these are deposits from clients.

[heifien91]

Any idea what is expected dividend for this year?
At 80c, its trading at 30% discount to its NAV, which is quite a lot of cash.
It seems to me that GK is now like a Fund Manager with lots cash and just evaluating good investments when it comes along and only invest when the risk-reward payoffs are favourable and will divest when the right price comes along. It'll therefore be like investing in a fund manager to do the work for you. Of course,the past records appears to be pretty decent.

Prolly a good and safe place to place your excess funds to collect some passive dividends. But other than some dividends here and there, don't think the price will shoot up. Comments pls.

One point to note is part of the cash doesn't belong to GK Goh. It is held in trust by gk Goh Futures. So, you need to take out that portion if you want to calculate the actual cash.

Vested

Hi camelking,

Was wondering why do we have to less off that cash amount? While the money is held in GK Financials the company can decide where the money is invested in hence I feel we should not omit that amount of cash while calculating the intrinsic value?

Thanks.

hi,

no, GK can't touch the money as these are deposits from clients.

I emailed the CFO previously and this was my question..

Qns: I was wondering, these client's cash are they subjected to how the client wants it to be invested or is it for the company to decide where the money is being invested in while paying an interest to the clients?

Ans: On your query on clients’ cash, I believe our clients usually will decide which currency they wish to put funds in but as to where the money is placed, it is decided by the company.

Did someone tell you that the cash in the GK Finance is not for the company to choose how it is being invested?