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62 comment(s). Last comment by Diamond7 at Jul 26, 2019 2:17 AM
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Kevin Tan
8 posts

Posted by Kevin Tan > Oct 31, 2018 7:26 PM | Report Abuse

Based on d ratio 1 kluang at 3.90 for 17.2827 sg bagan works out to b equivalent to a dividend of 2.25rm per sg bagan share.
So invest 3370 rm today, earns 225rm in 3 months....super deal guys...cheers.
As for kuchai, invedt 2k today, earns 60+ interest in 3 months...also good deal.


Kevin Tan
8 posts

Posted by Kevin Tan > Oct 31, 2018 7:27 PM | Report Abuse

Per sg bagan share i meant 1k shares....


TheContrarian
5380 posts

Posted by TheContrarian > Oct 31, 2018 8:12 PM | Report Abuse

Also 6 sen cash dividend.


dompeilee
6103 posts

Posted by dompeilee > Nov 3, 2018 8:26 PM | Report Abuse

I sold 1 lot for 3.56 early this year but left 3,300 shares, so I'll be getting $189 in dividends + $744 worth of Kluang shares. Fortunately, of the 3 sisters, I sold down Kluang the most @ 4.00 & higher this year, from 3k to 500, so I'll be getting back some of the Kluang I sold =)

Kuchai I still have 1,000 left so that will give a me a total of over 200 free Kluang shares =)


dompeilee
6103 posts

Posted by dompeilee > Nov 3, 2018 8:28 PM | Report Abuse

My cost of entry in 2014 is 3.25 per share including commissions.


TheContrarian
5380 posts

Posted by TheContrarian > Nov 3, 2018 9:22 PM | Report Abuse

I think Kluang will attempt to take Sg Bagan private next year.


TheContrarian
5380 posts

Posted by TheContrarian > Apr 9, 2019 6:57 PM | Report Abuse

SCR coming.


SS Loh
53 posts

Posted by SS Loh > May 3, 2019 4:40 PM | Report Abuse

Sg Bagan distributed Kluang on 12 Dec 2018, Kuchai distributed Kluang on 4 January 2019.That means Sg Bagan only received its Kluang entitlement on after 4 Jan 19 and sold them in open market lately. I believe all the entitled shared have been sold.
Look like some corporate movements will be taking place between Kluang, Sg Bagan and Kuchai.


SS Loh
53 posts

Posted by SS Loh > May 4, 2019 6:31 AM | Report Abuse

In 2018 Annual report Kluang has net cash of RM 240m equivalent to RM 4 per share and Sg Bagan has net cash more than RM 140m or more than RM2 per share. Most of the money are placed as FD in Singapore dollar. Sg Bagan has 1.7 million shares of Great Eastern now traded at 26.10 SD. Their NTAs are very high with Kluang at more than RM10 and Sg Bagan RM 8.
These counters has been tightly held by long term investors and waiting for any corporate development which I think is around the corner.


TheContrarian
5380 posts

Posted by TheContrarian > May 6, 2019 11:08 PM | Report Abuse

I think Sg Bagan will go the same way as Selangor Prop, Daiman, Suiwah & MAA via a SCR. The Companies Act prohibits a subsidiary company from holding shares of its holding company. This is why Sg Bagan had to sell off any shares in Kluang if the plan is for Kluang to become its holding company. Through a SCR exercise Kluang will end up holding more than 50% shares in Sg Bagan with the balance to be held by Kuchai. Sg Bagan will then be delisted. The question is how much will the offer price be?


TheContrarian
5380 posts

Posted by TheContrarian > May 6, 2019 11:32 PM | Report Abuse

I think the two years high price for Sg Bagan was around RM4.50. Based on available cash balance the SCR offer price can go up to around RM5.00. I think the SCR offer price will be somewhere in between.


Diamond7
1185 posts

Posted by Diamond7 > Jul 26, 2019 2:17 AM | Report Abuse

Wa!
Kuchai up...
Kluang up....
SBagan oso up....
Why? Why?

Any bonus?

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