Asia Enterprises    Last:0.139   -

Asia Enterprise - Cash Rich

no more buy cheap at $0.140

 

market picking up

 

Finally impatient sellers at 0.14 huat ah

 

341mil shares * $0.14 = $47.7mil market cap
cash $47mil

it is insanely a bargaining, it is time for company to distribute excess cash.

 

Support at 0.14-0.145...this is the cash per share level

AttasBoss      ( Date: 28-Aug-2019 22:47) Posted: Last done $0.14 trading nearing cash per share level AttasBoss      ( Date: 06-Jul-2019 00:09) Posted: 341mil shares Market cap $52mil as at 5 Jul 19 (Rule 1310 complied) Net current asset $72mil or $0.21 Net assets $98mil or $0.287 Cash $48.8mil or $0.138 If ignoring the rule 1310, too much excess cash sitting in bank. Waiting Special dividend $0.03 or 20% over last done $0.154

 

Last done $0.14 trading nearing cash per share level

AttasBoss      ( Date: 06-Jul-2019 00:09) Posted: 341mil shares Market cap $52mil as at 5 Jul 19 (Rule 1310 complied) Net current asset $72mil or $0.21 Net assets $98mil or $0.287 Cash $48.8mil or $0.138 If ignoring the rule 1310, too much excess cash sitting in bank. Waiting Special dividend $0.03 or 20% over last done $0.154

 

Yes, that is what happen to Hupsteel now.
Just a matter of time we will get an answer for the wondering.

lukewong82      ( Date: 13-Jul-2019 07:10) Posted: When a company flashed with so much cash and no debts and never declare dividends/special dividends/capital reduction and only gives 3% dividend then u shd start to wonder   AttasBoss      ( Date: 12-Jul-2019 21:21) Posted: $33.8mil retained earning as at 31 Mar 19. $47mil cash in bank and no debt is more than enough to reward to existing shareholders. when are you going to declare a special dividend?

 

When a company flashed with so much cash and no debts and never declare dividends/special dividends/capital reduction and only gives 3% dividend then u shd start to wonder

 

AttasBoss      ( Date: 12-Jul-2019 21:21) Posted: $33.8mil retained earning as at 31 Mar 19. $47mil cash in bank and no debt is more than enough to reward to existing shareholders. when are you going to declare a special dividend?

 

$33.8mil retained earning as at 31 Mar 19.
$47mil cash in bank and no debt is more than enough to reward to existing shareholders.

when are you going to declare a special dividend?

 

Patient is the key to success

AttasBoss      ( Date: 06-Jul-2019 00:09) Posted: 341mil shares Market cap $52mil as at 5 Jul 19 (Rule 1310 complied) Net current asset $72mil or $0.21 Net assets $98mil or $0.287 Cash $48.8mil or $0.138 If ignoring the rule 1310, too much excess cash sitting in bank. Waiting Special dividend $0.03 or 20% over last done $0.154

 

341mil shares
Market cap $52mil as at 5 Jul 19 (Rule 1310 complied)

Net current asset $72mil or $0.21
Net assets $98mil or $0.287
Cash $48.8mil or $0.138

If ignoring the rule 1310, too much excess cash sitting in bank.

Waiting Special dividend $0.03 or 20% over last done $0.154