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Look Like dead duck already
gone
newbie19 ( Date: 11-Feb-2021 18:34) Posted:
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Happy Lunar New Year to everyone here.. May Niu year brings good health not forgetting HUAT all the way to the banks..
Understand From the K1 Liquidation Team Deloitte & Touche Financial Advisory Services Pte Ltd
the final payout is not known yet as it probably take another year or so to settle all the overseas Taxes and selling of asset before knowing what is the final pay out of the share ( Which also known by them is final dividend pay out ). Do anyone have any other verision or comment on this issues. Unfortunately I did not attend the AGM . Therefore have to wait earnestly for this long wind isssue to close the chapter.... Thanks in advance
the final payout is not known yet as it probably take another year or so to settle all the overseas Taxes and selling of asset before knowing what is the final pay out of the share ( Which also known by them is final dividend pay out ). Do anyone have any other verision or comment on this issues. Unfortunately I did not attend the AGM . Therefore have to wait earnestly for this long wind isssue to close the chapter.... Thanks in advance
When will we know the final curtain price? All in al this has been a very good stock for me. In last 10 years they have paid all I have invested by way of dividend and now what ever I get is bonus.
While i was writing, SGX announcement came out :
http://infopub.sgx.com/FileOpen/k1_1Q18%20Results.ashx?App=Announcement& FileID=474803
NAV is $0.75 as at 30 Sept 2017 instead of $0.761 (as at 30 June 2017) as per shareholders circular earlier, Casino players loss S$0.01 today immediately
Extracts:
PROSPECTS
Following the divestment of the Company‟ s entire ownership interests in Guggenheim (the
&ldquo Guggenheim Disposal&rdquo ), the Company will have disposed of all or substantially all of its assets.
Accordingly, the Company will take steps to suspend the trading of its shares from the date of
completion of the Guggenheim Disposal. The Company will then take steps to commence
voluntary liquidation after the Company distributes all excess cash to its shareholders following
the completion of the Guggenheim Disposal. The Company will, in compliance with its
obligations under the Listing Manual of the Singapore Exchange Securities Trading Limited, make
further announcement(s) and/or seek shareholders‟ approval on such plans for the Company at
the appropriate time.
http://infopub.sgx.com/FileOpen/k1_1Q18%20Results.ashx?App=Announcement& FileID=474803
NAV is $0.75 as at 30 Sept 2017 instead of $0.761 (as at 30 June 2017) as per shareholders circular earlier, Casino players loss S$0.01 today immediately
Extracts:
PROSPECTS
Following the divestment of the Company‟ s entire ownership interests in Guggenheim (the
&ldquo Guggenheim Disposal&rdquo ), the Company will have disposed of all or substantially all of its assets.
Accordingly, the Company will take steps to suspend the trading of its shares from the date of
completion of the Guggenheim Disposal. The Company will then take steps to commence
voluntary liquidation after the Company distributes all excess cash to its shareholders following
the completion of the Guggenheim Disposal. The Company will, in compliance with its
obligations under the Listing Manual of the Singapore Exchange Securities Trading Limited, make
further announcement(s) and/or seek shareholders‟ approval on such plans for the Company at
the appropriate time.
Tanahkow ( Date: 20-Oct-2017 18:31) Posted:
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Today K1 AGM + EGM = approval on dividend of $0.065 + capital reduction $0.305
XD on 25 Oct 2017, capital reduction no date yet, final curtain also no date yet,
Possibly by 20 Nov 2017 would see counter suspended
NAV is $0.761
For people who cannot calculate, here it is $0.761 - $0.065 - $30.5 = estaimate about $0.391 left for final curtain
Sell now or wait until final curtain ? To each their own decision...Today' s casino closing is $0.82
XD on 25 Oct 2017, capital reduction no date yet, final curtain also no date yet,
Possibly by 20 Nov 2017 would see counter suspended
NAV is $0.761
For people who cannot calculate, here it is $0.761 - $0.065 - $30.5 = estaimate about $0.391 left for final curtain
Sell now or wait until final curtain ? To each their own decision...Today' s casino closing is $0.82
Johntanny0 ( Date: 16-Aug-2017 19:29) Posted:
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That is because K1 Ventures is inside the list >
Asia' s 200 Best Under A Billion
Have no idea why the stock would rise above the NAV of 0.76. Nonetheless manage to cut loss at the current price and decided to move the investment to other stocks.
Time to bale out...
funds shutting down soon...
if u like to profit from dead coys..buy after the capital reduction..haha
funds shutting down soon...
if u like to profit from dead coys..buy after the capital reduction..haha
Johntanny0 ( Date: 16-Aug-2017 19:29) Posted:
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The NAV is there. Atleast they are giving back part of the value to the share holders and not over spending to leave nothing to share holders. If they liquidate the company you will get back the remaining value 42 cents. If you are impatient please cash out now.
Dear all
Want to seek all experts' view. With the dividend of $0.006 and capital reduction of 0.3035 for the sale of Guggenheim, the nav will drop to 0.46. Would there still be any chance to get back the money for the remaining nav if the stock goes mandatory liquidation?
Am thinking if I should sell the stock before the capital reduction takes place if cannot back remaining nav. (expecting it to be the last since it is for the sale of Guggenheim which is the last investment held)
Want to seek all experts' view. With the dividend of $0.006 and capital reduction of 0.3035 for the sale of Guggenheim, the nav will drop to 0.46. Would there still be any chance to get back the money for the remaining nav if the stock goes mandatory liquidation?
Am thinking if I should sell the stock before the capital reduction takes place if cannot back remaining nav. (expecting it to be the last since it is for the sale of Guggenheim which is the last investment held)
Wow, not bad.
Got Dividend
Now got Capital reduction - every 100 shares = 0.3035
Got Dividend
Now got Capital reduction - every 100 shares = 0.3035
Any updates?
Just wondering, is it possible that k1 manage to find somebody to take over the company?
Why today went up to 76.5 cts with high volume? I thought NAV = 76 cts before divdend payout of 6 cts, so NAV should now be 69.5 cts?
All in all this has been a good stock for me which is fully paid for itself. There was a big slide from 90 cents to 65 cents for no reason and with no capital reduction.
So now how?
after dividend, will i get my capital back?
after dividend, will i get my capital back?
Really 1st dividend-- 0.065
hope not the last, next one should be higher?
hope not the last, next one should be higher?
DoChun ( Date: 01-Jun-2017 11:52) Posted:
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Yes this is very disappointing. I have about 260,000 shares in K1 of which about 60,000 were bought at below 0.655 post my assessment below, so i do have quite a bit of skin in the game. Rightfully my sense was that a well run asset management firm should be priced at 2.5 times AUM or above. Yet it appears that the Guggenheim stake was valued at about 1.75 times Guggenheim' s AUM. Was hoping for a large boost in returns to my portfolio (which is up 4.20 percent this month and 27 percent this year) post stake sale. Unfortunately that will not be the case.