Dear Friends,

PELIKAN will call for EGM on Nov 5 2021 to vote for Asset Disposal to Sell Lands & Assets & then give A Special Dividend of 20 sen

The salient factors of the Asset Disposal

1) It will get about Rm399 Millions which translate to 66 sen a share

2) Of these about 30 sen is Profit (About 100% profit from Purchase) This shows that Pelikan not only derive its profit from selling stationary - it is also sitting on Assets which have appreciated in Value (That is why Calvin like Oil palm Stocks: There is a double edged growth from Palm oil business as well as the precious lands on which oil palms are planted. They will appreciate over the years.

3) And out of the Rm399 Millions Pelikan will use Rm200 Millions to pare down debts

4) About Rm120 Millions or 20 sen will be given out as "Special Dividend"

Isn't this much better than many who ask you for money by "rights issue" to raise capital for business expansion?

In Pelikan case you are receiving money. And there is still a surplus 10 sen for more Business enterprize.

5) Both Pelikan & those who gave "Rights Issue" are looking to expand business enterprize.

In Peilkan case they get money from Assets of Value "Already in Hand" to make more money out there. For those companies that gave out "Rights Issue" to ask you for money also got the intention to make more money out there.

But Pelikan still got 4 other Assets of Value to dispose and unlock value (While others are looking to get value out there)

So Pelikan is like a bird already in hand while others might be still looking for "2 birds" in the bush, so to say

It is all Right to Sell Assets to unlock needed capital to pare down bank loans, to get capital for business expansion & also to give out "Surplus Cash" as a reward to shareholders.

That was what Datuk Hilmey of Htpadu did. Htpadu sold its HQ Building to give out "Special Dividends". We saw Boss of Htpadu bought & so we followed him buy Htpadu around 70 sen. Today Htpadu is Rm1.25. So don't chase Htpadu.

And just as Datuk Hilmey of Htpadu bought in those days WE SEE TODAY THAT PELIKAN INSIDER BOSS HAS BEEN BUYING PELIKAN SHARES

See

MR LOO HOOI KEAT	12-May-2021	Acquired	80,000	0.295
MR LOO HOOI KEAT	02-Apr-2021	Acquired	25,000	0.310
MR LOO HOOI KEAT	01-Apr-2021	Acquired	25,000	0.310
MR LOO HOOI KEAT	26-Mar-2021	Acquired	40,000	0.310
MR LOO HOOI KEAT	22-Dec-2020	Acquired	60,000	0.302
MR LOO HOOI KEAT	01-Oct-2020	Acquired	50,000	0.275
MR LOO HOOI KEAT	24-Sep-2020	Acquired	50,000	0.290
MR LOO HOOI KEAT	08-Sep-2020	Acquired	30,000	0.295
MR LOO HOOI KEAT	08-Sep-2020	Acquired	20,000	0.315
MR LOO HOOI KEAT	07-Sep-2020	Acquired	25,000	0.330
MR LOO HOOI KEAT	13-Aug-2020	Acquired	30,000	0.270
MR LOO HOOI KEAT	12-Aug-2020	Acquired	20,000	0.275
MR LOO HOOI KEAT	03-Aug-2020	Acquired	30,000	0.250
MR LOO HOOI KEAT	29-Jul-2020	Acquired	30,000	0.260
MR LOO HOOI KEAT	17-Jul-2020	Acquired	60,000	0.257
MR LOO HOOI KEAT	16-Jul-2020	Acquired	25,000	0.265
MR LOO HOOI KEAT	15-Jul-2020	Acquired	60,000	0.277
MR LOO HOOI KEAT	06-Jul-2020	Acquired	32,000	0.290
MR LOO HOOI KEAT	01-Jul-2020	Acquired	30,000	0.285
MR LOO HOOI KEAT	29-Jun-2020	Acquired	13,600	0.290
MR LOO HOOI KEAT	19-Jun-2020	Acquired	30,000	0.285
MR LOO HOOI KEAT	15-Jun-2020	Acquired	30,000	0.295
MR LOO HOOI KEAT	01-Jun-2020	Acquired	20,000	0.310
MR LOO HOOI KEAT	14-May-2020	Acquired	30,000	0.370

PELIKAN: A BIRD IN HAND IS BETTER THAN TWO IN THE BUSH

Warm regards

Calvin Tan

Singapore

Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager