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With 2.2cents dividends, he can pocket about SGD50m. So still to come up with about SGD70m to buy over all other 10%.
justinetan ( Date: 04-Apr-2018 16:12) Posted:
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All these options are available to the majority shareholder for many years but never used. Maybe we as minority shareholders sit back and enjoy the upcoming dividends.
Thanks for your calculations. I think 100 over millions can get a bridging loan from banks or his father.
I mean 2.2 cents per share dividend is insufficient for the buyout of the remaining 10% of PCRD at current share price. It will take about 4.5 cents per share dividend at current share price to take out all the remaining shareholders. Assuming that no share premium is offered for the buyout.
For the remaining 10%, it will cost $120M at current share price. 2.2 cents is insufficient for complete buyout.
By paying himself dividends of 2.2cents, he can use this money to takeover the 10%. Basically little money out of his own pocket. So this will be the last dividend for all....huat ar..
With the latest move of proposing 2.2c, I am hopeful that it is the beginning of delivering annual dividends.
Btw pacific century didnt give any div since 2010.....
going by history, i dont think they receive in e range of 100m dividends annually.. So, u might want to check again, but i could be wrong.
justinetan ( Date: 04-Apr-2018 12:15) Posted:
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As shared and analysed by member "fruitfulness", PCRD will receive $100M+ in dividends from its investments annually. This translate into potential annual dividends for PCRD shareholders of around 3.7 cents annually. At current share price of 41, the dividend yield is 9%. This is quite a good yield if annual dividends are given out from the dividends receives from PCRD's investment.
fruitfulness ( Date: 12-Feb-2018 13:30) Posted:
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Who knows ? He may offer +50% above NAV to take over offer.
This will bring him a good reputation of "fairly ewarding the sharehokders" like his father Kashing always preach.
He will do his father proud. At least have some fond mrmories of him. This money can't buy.
This will bring him a good reputation of "fairly ewarding the sharehokders" like his father Kashing always preach.
He will do his father proud. At least have some fond mrmories of him. This money can't buy.
Invest1 ( Date: 04-Apr-2018 11:41) Posted:
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don need think of privatise in foreseeable future. he just started paying dividends.. If someone wants to privatise, he wont do this..
Invest1 ( Date: 04-Apr-2018 11:41) Posted:
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Probably waiting for Old Mr Li to retire in May... So start to accumulate since Richard will also accumulating.
Less than 1% and he will breach the 90% shareholding...but he unlikely to overpay for the 10% shares, maybe just at valuation
Less than 1% and he will breach the 90% shareholding...but he unlikely to overpay for the 10% shares, maybe just at valuation
If HK TEL land parcels tied to it are being developed.
Yes. More than $1 in NAV.
Yes. More than $1 in NAV.
justinetan ( Date: 04-Apr-2018 10:59) Posted:
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The NAV is S$0.54. In my view, the fair market value of PCRD's assets is estimated to be between $0.90 and $1.00.
Yes. Start collecting at 0.41 and 0.42
Under Valued Telco Blue Chip in HK
NAV 54 CTS
When is 2.2 cts per share dividend on CD ?
NAV : 54 CTS
DIVIDEND : 2.2 CTS
CURRENT : 41.5 CTS
DIV YIELD : ABT + 5%
Stale bulls should have sold by now. Looks like it' s about time to re-enter.