Kingboard Copper Foil

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#11
Hey everyone, would like to hear what is your thought on the company cash level as it is unusually high.

SGD:
Mkt. Cap.: 113M
Total Liabilities: 15M
Cash: 248M

I have done a simple write up over here:
http://www.giraffevalue.com/ugly-little-...pper-foil/


[Image: Kingboard-copper-foil-Chart.png]
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#12
Even if it's real, how long are you prepared to wait for it to be returned to shareholders via dividend or delisting? The current management seems determined to string shareholders along.
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#13
I opine that as long as POPE does not exit their investment, there is a little chance of the stock price going up. But with the liquidity of the stock, POPE has no way to sell off their stake. The lack of dividend makes this a bad waiting game to play. Check out the history of how POPE got into the game.
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#14
(16-08-2015, 05:58 PM)grubb Wrote: I opine that as long as POPE does not exit their investment, there is a little chance of the stock price going up. But with the liquidity of the stock, POPE has no way to sell off their stake. The lack of dividend makes this a bad waiting game to play. Check out the history of how POPE got into the game.

Sorry I don't quite understand, why doesn't the exit of POPE got to do with the unlocking of value?
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#15
POPE offended the boss of Kingboard Copper. So long as POPE is around, there is almost no chance of dividends, privatization. After all, why does the boss want to reward POPE? Again, check out the history of how POPE became a shareholder and subsequently voted against the related party transactions mandate.
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#16
Oh thanks for explaining! But anyway, POPE is just a very small shareholder(10%), whereas Cheung Kwok Wing [DIR/CEO] is 64%. So the biggest beneficiary is still the boss ma...

If I'm getting 640K for every 1m paid out, what's the issue of someone who I dislike receive100K. Of coz la I'm Not Mr Cheung.
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#17
grubb any resource we shd check out to find out the answer - the history of how POPE became a shareholder and subsequently voted against the related party transactions mandate.
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#18
Apart from reading the earlier posts in this thread, it may also be helpful to look at another company that was previously the subject of activist action: United International Securities (UIS).

FWIW, I wrote about UIS (and mentioned KCF) previously in the forum at:

http://www.valuebuddies.com/thread-1478-...l#pid14120

As usual, YMMV.
---
I do not give stock tips. So please do not ask, because you shall not receive.
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#19
建滔化工在星上市公司建滔铜箔,美资基金就系内关连交易提诉讼
http://istock.jrj.com.cn/article,hk00148,1747810.html
You can find more of my postings in http://investideas.net/forum/
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#20
(16-08-2015, 11:51 PM)d.o.g. Wrote: Apart from reading the earlier posts in this thread, it may also be helpful to look at another company that was previously the subject of activist action: United International Securities (UIS).

FWIW, I wrote about UIS (and mentioned KCF) previously in the forum at:

http://www.valuebuddies.com/thread-1478-...l#pid14120

As usual, YMMV.

Hey D.O.G, so what is your opinion on its unusually high cash level?
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