THE INVESTMENT APPROACH OF CALVIN TAN

PELIKAN: A BIRD IN HAND BETTER THAN 2 IN THE BUSH> GET CASH BETTER THAN MANY WITH RIGHTS ISSUE ASKING FOR MONEY, Calvin Tan

calvintaneng
Publish date: Wed, 27 Oct 2021, 04:42 AM
calvintaneng
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Hi Guys,

I have An Investment Approach I which I would like to all.

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

 

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

Pelikan in the harbour of Pafos, South CYPRUS, Europe Stock Photo - Alamy

 

 

Pelikan – Writing Instruments, Fountain pens, Printer supplies & Office  products

 

 

 

Warm regards

Calvin Tan

Singapore

 

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

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Discussions
Be the first to like this. Showing 3 of 3 comments

calvintaneng

pelikan has a 180 history

2021-10-27 12:28

calvintaneng

Warren Buffet bought Wrigley chewing gum because it has a 100 years history

if Wrigley chewing gum survived 100 years Pelikan being recession proof educational stationary can also survive

2021-10-27 12:30

amateurJR

haha what is ur TP for pelikan

2021-11-03 14:57

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