THE INVESTMENT APPROACH OF CALVIN TAN
Is Dutaland still cheap after up by more than 59% from 39.5 sen to 63 sen now? (Calvin Tan Research)
calvintaneng
Publish date: Thu, 12 Oct 2017, 02:04 AM
calvintaneng
0 1,844
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Dear Friends,
Dutaland already up 59%! Time to be cautious? Yes, if you go short term punting as Bursa is filled with day traders and gamblers. But Calvin still think it has more room to go up on these reasons:
- A Cash Proceed of Rm750 millions will come in a month’s time. Since total paid up shares are 846,118,039 it tanslates to a 88.6 sen Cash windfall. That’s 21.6 sen more than current price of 67 sen today.
2. Some Cash will be deployed to complete the Grand Duta Hotel. Already 33 storey or more up. So less Cash will be needed. Will there be a surplus for a Cash Payout?
3. Why there is a POSSIBLE CASH PAYOUT?
Pm Corp did that & paid out 8 Sen Cash
RceCap did that and paid out 7.5 Sen Cash
So for no reason why go for Capital Exercise?
See
Company Announcements
MULTIPLE PROPOSALS DUTALAND BERHAD ("DUTALAND" OR "COMPANY") (I) PROPOSED SHARE PREMIUM REDUCTION; (II) PROPOSED PAR VALUE REDUCTION; AND (III) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS "PROPOSALS")
| DUTALAND BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description |
DUTALAND BERHAD ("DUTALAND" OR "COMPANY")
(I) PROPOSED SHARE PREMIUM REDUCTION;
(II) PROPOSED PAR VALUE REDUCTION; AND
(III) PROPOSED M&A AMENDMENTS
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
|
|
(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 29 August 2016 in relation to the Proposals) We refer to the announcements dated 29 August 2016, 26 October 2016, 25 November 2016 and 30 December 2016 in relation to the Proposals. On behalf of the Board of DutaLand, Maybank IB wishes to announce that an office copy of the sealed order of the High Court of Malaya at Kuala Lumpur dated 30 December 2016, confirming the Proposed Share Premium Reduction and the Proposed Par Value Reduction had been lodged with the Registrar of Companies (“Lodgement”) on 5 January 2017. Following the Lodgement, the Proposed Share Premium Reduction and the Proposed Par Value Reduction will take effect on 5 January 2017. Consequently, the Proposed M&A Amendments will also take effect on the same day. The Proposals will not result in any adjustment to the share price of DutaLand or the number of ordinary shares held in DutaLand by the shareholders of the Company. This Announcement is dated 5 January 2017. |
|
Announcement Info
| Company Name | DUTALAND BERHAD |
| Stock Name | DUTALND |
| Date Announced | 05 Jan 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05012017-00051 |
So Duta Yap has in mind to give a Cash Payout after Disposing Assets?
For that we must wait.
4. DUTA YAP’s Holding Cost for Dutaland shares ABOVE RM1.00!!
Even at 63 sen Dutaland’s Shares still cheap compared to Duta Yap’s Buying price at Rm1.05
See
[DUTALND] Change In Director’s Shareholding – DATO’ YAP YONG SEONG on 03-May-2007
| Stock | [DUTALND]: DUTALAND BHD |
| Announcement Date | 03-May-2007 |
Director’s Particular:
| Name | DATO’ YAP YONG SEONG |
Details of Changes:
| Currency | RM |
| Date of Change | Type | Number of Shares | Price | |
|---|---|---|---|---|
| 18-Apr-2007 | Acquired | 7,320,793 | 1.000 | |
| 18-Apr-2007 | Acquired | 20,000 | 1.000 | |
| 04-Apr-2007 | Acquired | 248,571,429 | 1.050 | |
| 21-Mar-2007 | Others | 65,887,130 | 0.000 | |
| 21-Mar-2007 | Others | 50,400 | 0.000 | |
| Nature of Interest | Direct and Indirect |
| Shares | Ordinary |
| Reason | 1) The no. of securities change of 50,400 represents the difference in no. of shares held by Dato’ Yap Yong Seong before and after the capital reduction and consolidation. 2) Acquisition of 20,000 shares through a subscription of Rights with Warrants. 3) The no. of securities change of 65,887,130 represents the difference in no. of shares held by Duta Equities Sdn Bhd (“DESB”) before and after the capital reduction and consolidation of Mycom Berhad. Dato’ Yap Yong Seong is deemed interested by virtue of his spouse, sons and his shareholdings in DESB. 4) The acquisition of 7,320,793 shares by DESB through a subscription of Rights with Warrants. 5) Consideration shares received by Kenny Height Developments Sdn Bhd (“KHD”) under the Restructuring Scheme |
| Consideration | Cash and otherwise than in cash |
Total no of securities after change
| Direct (units) | 25,600 |
| Direct (%) | 0.00 |
| Indirect (units) | 263,213,015 |
| Indirect (%) | 46.62 |
| Total (units) | 263,238,615 |
| Total (%) | 46.62 |
| Date of Notice | 27-Apr-2007 |
On 4th April 2007 Duta Yap bought 248,571,429 Shares of Dutaland at Rm1.05
Securities after change was 263,238,615 shares
So 248,571,429 Shares of Dutaland means Duta Yap holding cost is Rm1.05 at 94.4% of his Total Cost
Less see how much if we take a 30% Discount off Rm1.05
So i.05 x .0.7 = 73.5 sen
Yess!
Anything below 73.5 sen we have a 30% margin of safety compared to Duta Yap
THIS IS IT!
Rgrards
Calvin
Further comments:
They say, "There is no smoke without fire"
Why go for Capital Reduction from Rm1.00 to 50 Sen Par Value? Why this exercise if it is done for no purpose?
Surely, there is.
No. 1 Dutaland share price has fallen to 50 sen from over Rm1.00. So reducing Par Value from Rm1.00 to 50 sen will enable to free up credit & wipe of losses. And Surplus Cash could then be given as "CASH PAY OUT"
This was what happened in Pm Corp.
Pm Corp racked up losses. Share price has fallen far below par value. So Pm Corp went into a Capital reduction exercise to wipe off past losses. And then Use Surplus CASH As a CASH PAYOUT
See
[PMCORP] Others on 29-Apr-2016
|
NOW. Those who had followed Calvin in Pm Corp know that Pm Corp earns little from selling FMCG (fast moving consumer goods). Pm Corp got the Cash from Assets disposal (Spore Woodland factory, South USA Laura Ashley franchisee shares & others)
So this Pm Corp is an example for Dutaland.
All who followed Calvin buying Pm Corp at 15 sen on 20th September 2013
RECEIVED THIS 8 SEN CASH WINDFALL
NOW ALL WHO BOUGHT ON THAT HAPPY DAY AT 15 SEN ARE NOW HOLDING PM CORP AT 7 SEN ONLY.
See
Posted by calvintaneng > Sep 20, 2013 08:57 PM | Report Abuse 
X
DEAR friends at PM CORP. You are looking at the Best Of The Very Best Counter in BURSA! Why? What Are The Reasons? Let me give you the following reasons? Reason No.1. PM CORP(4081) has net Cash of 18.5 cts per share. When you buy PM Corp you are buying now (20th September, 2013) for Only 15 cts a Share. A discount of 3.5 cts per share. A Great Buy.
Now when Calvin recommended Pm Corp at 15 Sen there were naysayers of those days like Anbz, sang-jero, MrTigerShark, cherrytomato, HJey and other scorners who vehemently opposed Calvin.
But by and by Pm Corp announced this Capital Exercise to prepare for CASH PAYOUT (Pm Corp has no core earnings from operations BUT FROM ASSETS DISPOSAL)
Company Announcements
MULTIPLE PROPOSALS PAN MALAYSIA CORPORATION BERHAD ("PMCB" OR "COMPANY') (I) PAR VALUE REDUCTION; (II) SHARE PREMIUM REDUCTION; AND (III) CAPITAL DISTRIBUTION. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| PAN MALAYSIA CORPORATION BERHAD |
| Type | Announcement | |||||||||
| Subject | MULTIPLE PROPOSALS | |||||||||
| Description |
PAN MALAYSIA CORPORATION BERHAD ("PMCB" OR "COMPANY')
(I) PAR VALUE REDUCTION;
(II) SHARE PREMIUM REDUCTION; AND
(III) CAPITAL DISTRIBUTION.
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
|
|||||||||
|
(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the previous announcements in relation to the Proposals, where applicable, unless stated otherwise or defined herein) Further to the announcement made on 16 May 2016 and on behalf of the Board, KAF IB wishes to announce that the Capital Distribution has been made to the entitled shareholders of PMCB on 26 May 2016. As such, the Proposals have been fully implemented and completed today. This announcement is dated 26 May 2016.
Why Was This Done? And Why Dutaland is Also Doing This Exercise?
NOW I GOT ANOTHER HAPPY GROUP OF JOHOR BUDDIES BUYING INTO RCECAP WHICH ALSO GAVE A CAPITAL REPAYMENT
See
Company Announcements
MULTIPLE PROPOSALS RCE CAPITAL BERHAD ("RCE") (I) CAPITAL REPAYMENT; AND (II) SHARE CONSOLIDATION (COLLECTIVELY THE "PROPOSALS")
|
||||||||||
RceCap was 27 Sen when Calvin called for a buy
Posted by calvintaneng > Nov 4, 2016 02:25 PM | Report Abuse X
Hi guys
Very happy for all here
Anyone followed Calvin's call to buy RCECAP at 27 Cts?
That was the Chun Chun Call at only 27 cts when nobody wanted RceCap then
See Posted by calvintaneng > Jan 18, 2014 10:07 PM | Report Abuse X
TheOneZ,
Just follow Dato' Hashim of AMBANK. When you see share buyback at 26.5 to 27.5 try to buy some around 27 cents. Now he is buying between 28.5 to 29.5. Try to get some lower than him at 28.5 cents.
I think buying behind Company share buyback is safe. Try to get some on weakness before it crosses 30 cents. Don't chase over 50 cents when Edgedaily or Focus Magazine do a special write up on it.
Best Regards
calvintaneng
12479 posts
Posted by calvintaneng > Jan 18, 2014 10:09 PM | Report Abuse X
My target price for RCECAP is 50 Cents. For this year we have to set our sight lower. Better be safe. Anything giving us 10% to 20% should be considered good.
And RceCap gave A CASH PAYOUT OF 7.5 SEN
[RCECAP] Others on 11-Apr-2016
| Stock | [RCECAP]: RCE CAPITAL BHD |
| Announcement Date | 11-Apr-2016 |
| Financial Year | 31-Mar-2017 |
| Subject | Others |
| Type | Capital Repayment |
| Description | Capital repayment of RM0.075 for each ordinary share of RM0.10 each in RCE Capital Berhad ("RCE") ("Capital Repayment") |
| Amount | RM 0.0750 |
| Ex Date | 21-Apr-2016 |
| Entitlement Date | 25-Apr-2016 |
| Payment Date |
06-May-2016 |
After Capital Payment RceCap Consolidated 4 to 1
So about 20 Sen x 4 = 80 Sen
Then RceCap doubled to Rm1.60 for a 100% gain
See
Posted by calvintaneng > Feb 3, 2017 05:32 PM | Report Abuse X
What a happy day!
RceCap finally hit 100% gain!
And on February 3rd 2017 Calvin was happy to post the above - 100% gain in RceCap (Rm1.60)
And at that price many started chasing (it was then too late!!)
FOR DUTALAND THESE ARE STILL AHEAD
1) RM750 MILLIONS CASH (88.6 SEN) FROM BPLANT
2) A CAPITAL PAYOUT
3) DUTALAND SHARE PRICE TARGETED TO RISE BACK TO RM1.00 AND ABOVE
AFTER THAT HOW FAR UP IT WILL GO.
NOW IT IS MARKET FUNDAMENTAL THAT MOVE DUTALAND UP
LATER (MUCH LATER) MASS PSYCHOLOGY WILL TAKE OVER!!
SO IT WILL BE MARKET FUNDAMENTAL VERSUS MASS PSYCHOLOGY!!
FOR CALVIN TAN RESEARCH IT IS AND IT MUST BE
"MARKET FUNDAMENTAL!!"
Warmest Regards
Calvin
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Discussions
Be the first to like this. Showing 26 of 26 comments
Very good
tah16600
& fangyew
are on the side of Value Investors.
SURE TO WIN KAW KAW.
ONLY SHORTSIGHTED SHORT TERM PUNTERS ARE SELLING
ANY SELL DOWN DUE TO T3 IS OUR OPPORTUNITY TO ADD MORE
SO HAPPY NOW!
2017-10-12 09:15
SUSTAIN YOUR PATIENCE
GREAT MOVEMENTS IN DUTALAND TAKE TIME TO UNFOLD
FIRST IS
SETTLEMENT OF DEBT
THEN POSITIVE RESULTS FROM KENNY HEIGHTS ASSET DISPOSAL
AFTER THAT SELLING OF PALM OIL LANDS TO UNLOCK 88.6 SEN CASH PER SHARE
THEN MIGHT COME A CASH PAYOUT
AND MORE SURPRISES COMING
AND PRICE GOES UPWARD AT EACH POSITIVE MOVE!!
IN NO TIME PRICES CROSS RM1.00
HAPPY TIMES ARE IN STORE FOR ALL HOLDING TIGHT.
2017-10-12 09:19
YEEEEEEEEEEHAAAAA!!!!
INI KALI LAH
TIME AFTER TIME
AGAIN AND AGAIN
EAGLE SEES FIRST
FOLLOWED BY OTHER FLYING BIRDS
CHICKEN ON THE GROUND SEES NOTHING UNTIL TOO LATE
2017-10-12 09:23
Good move vasa5431,
I alsö added a little more when it was 67 sen.
Remember to hold tight till more surprises from Duta Yap.
Regards,
Calvin
2017-10-13 14:01
Calvin, I begin to ponder if I should trust Duta Yap is a fair person ? If he is not, small investors like us will still not gain anything..
Bear in mind that small investors are always at mercy of the controlling shareholders and the syndicates.
2017-10-13 17:47
calvin how about wtk and tdm
need to hear also .
because I got wtk and tdm .
if you dun mind can advise .
2017-10-13 18:48
And clavin if you dun mind can i share .
as I know jkgland also got sell palm oil business .
so do you mean jkgland also can enter for tour your looking good at palm oil .
?
2017-10-13 18:49
Myway,
Precisely.
Duta Yap like all normal people also seek his own best interest
If he bought more than 90% of his cost over Rm1.00 it is also in his best interest to see Dutaland share price moves back to his cost of purchase.
2017-10-13 20:15
Yes Ivan9511
Pls share by all means
As for TDM and WTK I have both.
I will even buy more on weakness
2017-10-13 20:18
Paper loss 2 sen.
Posted by vasa5431 > Oct 13, 2017 09:40 AM | Report Abuse
i bought it at 65 sen bcause of you sifuu...
2017-10-13 20:24
HI Calvin, Any where I can confirm Duta Yap bought the share above $1 ? Not that I don't trust you, just want to be doubly sure.
how many % he and related party hold ?
2017-10-15 20:38
Myway
Just study this carefully
https://klse.i3investor.com/insider/director/3948/03-May-2007/23462_1820104893.jsp
2017-10-15 20:45
why keep calling him tan eng,no respect ar? tan sri lah.....haha. btw tan eng curi curi buy KKB(ku ku bird) 1.130 mil shares and no 13 in top 30 shareholder....hahaha
2017-10-15 22:17
In about 3 weeks time
Dutaland should report a CASH Infusion of 88 Sen
Another Cash Pay out of 5 Sen, 10 sen is also possible if Duta Yap wants to reward shareholders
Now CASH RICH & A DEBT FREE COMPANY
Dutaland still got Grand Duta Hotel, Lands in Kenny Hills & Shops in Seremban
Above all It Owns almost 33% Shares of Olympia Securities
With KAF, OSK, Hwang taken private & TA on MGO this one and M&A Securities of INSAS are only 2 precious security firms left.
Another Plus is Duta Yap still in accumulation mode
DATO' SRI YAP WEE KEAT 24-Jul-2018 Acquired 179,100 - View Detail
MR YAP WEE CHUN 24-Jul-2018 Acquired 179,100 - View Detail
TAN SRI DATO' YAP YONG SEONG 24-Jul-2018 Acquired 179,100 - View Detail
DATO' SRI YAP WEE KEAT 23-Jul-2018 Acquired 3,377,300 - View Detail
MR YAP WEE CHUN 23-Jul-2018 Acquired 3,377,300 - View Detail
TAN SRI DATO' YAP YONG SEONG 23-Jul-2018 Acquired 3,377,300 - View Detail
DATO' SRI YAP WEE KEAT 19-Jul-2018 Acquired 6,100 - View Detail
MR YAP WEE CHUN 19-Jul-2018 Acquired 6,100 - View Detail
TAN SRI DATO' YAP YONG SEONG 19-Jul-2018 Acquired 6,100 - View Detail
DATO' SRI YAP WEE KEAT 18-Jul-2018 Acquired 4,116,100 - View Detail
MR YAP WEE CHUN 18-Jul-2018 Acquired 4,116,100 - View Detail
TAN SRI DATO' YAP YONG SEONG 18-Jul-2018 Acquired 4,116,100 - View Detail
DATO' SRI YAP WEE KEAT 05-Jul-2018 Acquired 2,500,000 -
And Savvy Investor Lim Pei Tiam has increased his position from
4 million Dutaland shares to over 6 million Dutaland shares
SO DUTALAND IS ON COURSE TO GO UP OVER RM1.00
Just like Opcom at 40 sen to 60 sen many rounds of up and down. Finally Opcom is crossing the Rm1.00 barrier
So Dutaland will cross Rm1.00 to be another hot stock
So hold tight!!!
2018-08-06 20:27
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