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lukewong82 Master	02-Aug-2019 21:27        lukewong82 About Contact  Quote this Post!
x 0   x 0  Alert Admin	After paying dividend of 11.8 cents, NTA 10.6 cents with no debts, net cash and a yishun industrial property. Also anothe 3.5 cents in Escrow account (not given to company yet)  ready to be given as dividend by Aug 2020. share price now 10.3 cents is less than the net cash + property NTA os 10.6 cents and dun forget another 3.5 cents dividend coming in a year' s time.
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Sgvale Supreme	15-Jul-2019 09:02        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Time to buy!
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lukewong82 Master	10-Jul-2019 19:46        lukewong82 About Contact  Quote this Post!
x 0   x 0  Alert Admin	EX CD  the share price will trade around 11 cents next Monday. By next August, there will be another 3.5 cents dividend. And hopefully they will monetise their yishun industrial property which is worth around 6 cents. So hopefully by next year we are seeing a total dividend of 9.5 cents and a remaining  company worth net cash of 5 cents + a CEM business.. fingers crossed..
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lukewong82 Master	09-Jul-2019 20:38        lukewong82 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yup 11.8 cents dividend commando      ( Date: 09-Jul-2019 19:00) Posted: So the div is 0.033 plus 0.085 correct? A bit ocnfuse here
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commando Master	09-Jul-2019 19:00        commando About Contact  Quote this Post!
x 0   x 0  Alert Admin	So the div is 0.033 plus 0.085 correct? A bit ocnfuse here
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lukewong82 Master	08-Jul-2019 19:44        lukewong82 About Contact  Quote this Post!
x 0   x 0  Alert Admin	MANUFACTURING INTEGRATION TECHNOLOGY LTD. (Company Registration Number 199200075N) (Incorporated in the Republic of Singapore) PROPOSED CAPITAL REDUCTION EXERCISE &ndash APPROVAL BY THE HIGH COURT OF SINGAPORE OF THE PROPOSED CAPITAL REDUCTION AND NOTICE OF BOOKS CLOSURE DATE 1. INTRODUCTION The board of directors (the " Board" or the " Directors" ) of Manufacturing Integration Technology Ltd. (the " Company" ) refers to its circular dated 30 April 2019 (the " Circular" ) in relation to the proposed capital reduction exercise (the " Capital Reduction" ) to be carried out by the Company pursuant to Section 78G of the Companies Act (Cap. 50) of Singapore (the " Companies Act" ), which will involve a cash distribution (the " Cash Distribution" ) by the Company to the shareholders of the Company (the " Shareholders" ) of S$0.085 in cash for each ordinary share in the capital of the Company (the " Share" ) held by Shareholders as at a books closure date to be determined by the Directors. At an extraordinary general meeting of the Company held on 22 May 2019, the Shareholders had approved the Capital Reduction. Unless otherwise defined, all capitalised terms and references used herein shall bear the same meaning ascribed to them in the Circular. 2. CONFIRMATION BY THE HIGH COURT The Board is pleased to announce that the Capital Reduction was approved by the High Court of the Republic of Singapore on 8 July 2019. There are no other outstanding conditions to the Capital Reduction. Accordingly, the Capital Reduction will become effective upon the lodgement by the Company of the Order of Court approving the Capital Reduction, together with the other documents prescribed under the Companies Act, with the Accounting and Corporate Regulatory Authority, which is expected to be on 18 July 2019. The exact entitlements of the Shareholders to the Cash Distribution will be determined as at the Books Closure Date (as defined below). 3. NOTICE OF BOOKS CLOSURE DATE NOTICE IS HEREBY GIVEN that the transfer books and the Register of Members of the Company will be closed at 5.00 p.m. on 16 July 2019 (the " Books Closure Date" ) for the purpose of determining the entitlements of Shareholders to the Cash Distribution pursuant to the Capital Reduction. Shareholders registered in the Register of Members and Depositors whose Securities Accounts with CDP are credited with Shares as at the Books Closure Date will be entitled to receive the Cash Distribution of S$0.085 for each Share held as at the Books Closure Date on the basis of the number of Shares registered in their names or standing to the credit of their Securities Accounts as at the Books Closure Date. The aggregate amount of cash to be paid to each Shareholder pursuant to the Capital Reduction will be adjusted by rounding down any fractions of a cent to the nearest cent, where applicable. 2 Duly completed registrable transfer of Shares received by the Share Registrar of the Company, Boardroom Corporate & Advisory Services Pte Ltd, at 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623, up to the Books Closure Date will be registered to determine Shareholders&rsquo entitlements to the Cash Distribution. 4. ADMINISTRATIVE PROCEDURES FOR THE CAPITAL REDUCTION Payment of the Cash Distribution pursuant to the Capital Reduction will be made in the following manner: (a) Shareholders holding Scripless Shares Shareholders who are Depositors and who have Shares standing to the credit of their Securities Accounts as at the Books Closure Date, will have the cheques for payment of their respective entitlements to the Cash Distribution under the Capital Reduction despatched to them by CDP by ordinary post at their own risk on or about 23 July 2019. Alternatively, such Shareholders will have payment of their respective entitlements to the Cash Distribution under the Capital Reduction made in such other manner as they may have agreed with CDP for the payment of dividends or other distributions on or around 23 July 2019. (b) Shareholders holding Scrip Shares Shareholders whose Shares are registered in the Register of Members as at the Books Closure Date will have cheques for payment of their respective entitlements to the Cash Distribution under the Capital Reduction despatched to them by ordinary post at their own risk on or around 23 July 2019. The Company will provide Shareholders with an update on the effective date of the Capital Reduction and the date of payment of the Cash Distribution, which are expected to take place around 18 July 2019 and 23 July 2019 respectively. 5. TRADING OF SHARES The last date and time of " cum" trading of the Shares on the SGX-ST for the purposes of the Capital Reduction will be on 12 July 2019 at 5.00 p.m. Shareholders should note that Shares traded from 9.00 a.m. on 15 July 2019 will not be entitled to the Cash Distribution pursuant to the Capital Reduction. 6. IMPORTANT EVENTS AND DATES Shareholders should note the following events and dates: Last date and time of " cum" trading of the Shares on the SGX-ST : 12 July 2019 at 5.00 p.m. Commencement of " ex" trading of the Shares on the SGX-ST : 15 July 2019 at 9.00 a.m. Books Closure Date for the Capital Reduction : 16 July 2019 at 5.00 p.m. lukewong82      ( Date: 08-Jul-2019 12:23) Posted: Court hearing today... hope by end of today, they will annouce the CD of 8.5 cents.
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lukewong82 Master	08-Jul-2019 12:23        lukewong82 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Court hearing today... hope by end of today, they will annouce the CD of 8.5 cents.
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lukewong82 Master	07-Jul-2019 20:30        lukewong82 About Contact  Quote this Post!
x 0   x 0  Alert Admin	tomorrow monday will be the court hearing for the capital reduction and CD of 8.5 cents. Expect annoucement of CD of 8.5 cents on Mon nite or Tues morning
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lukewong82 Master	06-Jul-2019 15:21        lukewong82 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Summary: 1) Recently they received the 1st escrow  amount of around $7M (extra cash, does not affect  the cash  amount they company is currently holding)  plus tiny left over amount, they declared 3.3 cents. Coming Friday will be last day of " CD" . 2) The 2nd escrow amount of around  $8.4M (again this is extra cash amounting to 3.5 cents) will be received before/on Aug 2020. So another CD of 3.5 cents will be declared next year Aug. 3) Capital reduction and a CD of 8.5 cents will be declared on coming Monday when the Court approve the scheme which is almost certain. 4) After distributing the CD of 8.5 cents, the company will have a NTA of 10.14 cents which consists of mainly CASH + YISHUN industrial properties without any debts. Meaning u are looking at a company that is technically worth pure cash of  10 cents. Their Yishun properties is valued even more recently but the NTA of 10 cents valued the Yishun properties at  an  earlier date which is much lower than the current   valuation. So in actual fact the NTA should be  more than  10.14 cents. 5) Assuming the current share price of 22 cents. After getting your 3.3 cents on 17 July this year, u going to get 8.5 cents pretty soon after around end of July. Then after getting 3.5 cents next Aug, it means u are paying 22 cents - 3.3 cents - 8.5 cents - 3.5 cents = 6.7 cents for a CASH company that is technically worth at least 10 cents. So expect the share price to trade near the CASH Value of 10 cents, maybe around 9.5 cents.. 6) U are looking at the profit of 9.5 - 6.7 cents / 6.7 cents = 42% profit if hold for 1 year. Is this 42% profit worth the wait of 1 year? DYODD .. Cheers   SmallSmall      ( Date: 02-Apr-2019 21:25) Posted: Ex-Div of $0.155 on 3-April 2019. A further $0.085 via Capital Reduction next month. If milestone met and no claims from buyer, further 2 payments of about $0.035 each. After paying out the total proceeds from the sale of their semi conductor business, the company will still have a Contract Equipment Business which showed a strong growth rate of 52% (though non profitable yet) The sums of the parts are hence > than the share price currently reflected.
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josemmm123 Master	02-Jul-2019 18:30        josemmm123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next Friday last day of CD 3.3 cents. ​ Then this Friday the court hearing for capital reduction shd be non-event then another CD of 8.5 cents after next week. Then next year before Aug another 3.5 cents dividend. Total: 15.3 cents dividend. Share price 21.5 cents. Resident value 6.2 cents. While company has net cash of around 5 cents and a yishun property of around 5 cents. Total 10 cents net cash and yishun property vs 6.2 cents if u buy the share at 21.5 cents now.
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SmallSmall Supreme	02-Apr-2019 21:25        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ex-Div of $0.155 on 3-April 2019. A further $0.085 via Capital Reduction next month. If milestone met and no claims from buyer, further 2 payments of about $0.035 each. After paying out the total proceeds from the sale of their semi conductor business, the company will still have a Contract Equipment Business which showed a strong growth rate of 52% (though non profitable yet) The sums of the parts are hence > than the share price currently reflected.
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