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buyback is going on still.. from starting of 29 cents last week, becoming 29.5 cents. Now into 30 cents buyback..
They can only buyback at 105% of the previous 5 days average, so they have to do it slowly.
Quote from annual report:
&ldquo Maximum Price&rdquo in relation to a Share to be purchased, means an amount (excluding brokerage, stamp duties, applicable goods and services tax and other related expenses) not exceeding:
(i) in the case of a Market Purchase: 105% of the Average Closing Price
(ii) in the case of an Off-Market Purchase: 120% of the Highest Last Dealt Price, where: &ldquo Average Closing Price&rdquo means the average of the closing market prices of a Share over the last five market days, on which transactions in the Shares were recorded, preceding
the day of the Market Purchase, and deemed to be adjusted for any corporate action that occurs after the relevant 5-day period
Share buyback continues... yesterday bought back 499 lots at 30 cents.
If this continues, you will see a repeat of 2012
http://nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/6341-duty-free-international-rising-buying-back-of-shares
1Q not bad.. 6% increase from last year. Dividend 1 cents just given out.
Today buyback continues.. If this buyback continues for more than 2 weeks, then will breakout
Kyoto2008 ( Date: 09-Aug-2014 10:13) Posted:
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Has very good ratios, eg ROE at 40%
But just puzzled at 1st quarter results, how come so poor? What happened to the revenue and profits?
Otherwise, this seems an attractive counter, with buyback the shareprice usually moves upwards.
recently share buyback starts again... if it continues for another 2 weeks and more, then maybe will have a repeat of what happens in 2012 dec to Feb 2013.
TP: 40 cents IF buyback can persist.
jwong016 ( Date: 09-Aug-2014 02:12) Posted:
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Good dividend payout, constant share buyback by company.
Worth taking note of.
share buyback started again. Let' s hope it continues for another 2 weeks and we may see a repeat of 2012.
http://nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/6341-duty-free-international-rising-buying-back-of-shares
vincent tan berjaya maybe keen to takeover via Atlan..
duty free remains one of the laggards. Should chiong > 40 cents when is it' s turn.
http://www.todayonline.com/world/asia/mas-likely-be-delisted-report
Malaysia Airline going to be delisted.
MAS plans to present a revival plan to its biggest stakeholder Khazanah Nasional this week, sources told the financial portal yesterday. The options range from privatising the company to bankruptcy, both of which involve a delisting from Bursa Malaysia.
Would there be a chance that Duty Free International can revive the proposal to buy over Eraman Duty Free so that KLIA can focus on aviation related business and leave the duty free business to duty free Zon?
http://www.theedgemalaysia.com/features/165470-corporate-atlan-group-eyes-mahbs-eraman-outlets.html
It will be a game changer for Duty Free International (parent Atlan) if the deal can be revived.
Ex div this Friday.. 1 cent dividend
think 29 to 30 cents is a good entry point
Summary of the potential catalyst:
1) Upgrading to mainboard
2) Berjaya Vincent Tan may be interested to take it private
3) New contracts obtained in KLIA terminal 2 provides more revenue and hence potential profit
4) Restructing of Malaysia airline by Khazanah Nasional due to MH371 and MH17 may lead to selling off of non-aviation related business, so duty free international may revive talk with ERAMAN duty free for a merger to create a billion dollar revenue company.
5) Potential special dividend when they receive the 50 million ringgit payment from Berjaya by Oct this year.
expect a special dividend in Dec when it receives final payment of 50M ringgit from Berjaya in Oct this year
The Board of Directors of Duty Free International Limited (the &ldquo Company&rdquo ) wishes to declare a first interim ordinary dividend (one-tier tax exempt) of SGD 0.01 per ordinary share for the
financial year ending 28 February 2015, payable on 8 August 2014 to shareholders registered in the Share Transfer Books and Register of Members of the Company as at 5.00 p.m. on 30 July 2014.
Notice is hereby given that the Share Transfer Books and Register of Members of the Company will be closed on 31 July 2014 on which no share transfer will be effected. Duly completed registrable transfers received by the Company&rsquo s Share Registrar, Boardroom
Corporate & Advisory Services Pte. Ltd., 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623, up to 5.00 p.m. on 30 July 2014 will be registered before entitlements to the dividend are determined.
By Order of the Board
Lee Sze Siang
Executive Director
18 July 2014
Sincerity2 ( Date: 06-Jul-2014 07:24) Posted:
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Malaysia government is going to restructure Malaysia airline and perhaps they would want to divest non-related business to focus on aviation related business.
http://in.reuters.com/article/2014/06/10/uk-malaysia-airlines-khazanah-idINKBN0EL0OY20140610
Perhaps there is a chance that Duty Free International and it' s parent Atlan may revive it' s plan of merging with Eraman Duty Free, the retail portion of Malaysia airport which potentially is a game changer. Hope for the best :)
http://www.theedgemalaysia.com/features/165470-corporate-atlan-group-eyes-mahbs-eraman-outlets.html
I hope to see the newly acquired concession in the new kular lumpar airport terminal 2, the new duty free shops would contribute positively. The new shops start operation this month. So next quarter results would be interesting.
http://www.trbusiness.com/index.php/regional/asia/15240-dfz-is-awarded-perfume-and-cosmetics-concessions-at-klia2.html
http://www.moodiereport.com/document.php?doc_id=39474
And I also hope Vincent tan ,thru berjaya corp maybe interested to take over atlan (parent of duty free) and thus take duty free private. Atlan is doing a share placement, which means Vincent Tan has opportunity to acquire more shares and trigger a General offer?
http://www.nst.com.my/node/3724
http://www.theedgemalaysia.com/highlights/222887-stocks-to-watchatlan-jcy-international-plantations-scientex.html
Quote: (2012)
The Edge weekly in its latest edition reported that Tan Sri Vincent Tan Chee Yioun was building a presence in duty-free chain operator Atlan, a
move that could lead to a change of control in the company and possibly a general offer situation.
Or duty free decides to expand regionally or revive talks with malasia airport' s Eraman duty free for merger as Malaysia airline is going to be nationalise by the Malaysia government, maybe some corporate actions ?
http://www.theedgemalaysia.com/features/165470-corporate-atlan-group-eyes-mahbs-eraman-outlets.html
We buy on hope, if these hope materialized, then share price would have jumped and too late to go in. But if never materialized, the support shd be at 28 cents.
And of course, I hope after getting the remaining 50million ringgit from berjaya, they will use the cash to do an aggressive share buyback just like beginning of 2013.
http://nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/6341-duty-free-international-rising-buying-back-of-shares
The MH370 missing Malaysia airplane did not affect it' s business during reporting period from March to May. Next quarter should be better as the effect of the missing MH370 wears off and the newly open shops in the new Kular lumpar airport terminal 2 start operating in July.