Sale proceed 100% taken out as special dividend


At d time whn shareholders r hoping for news on d future of d co post special dividend.... whn funds r needed for future biz...... d co...

Pay dividend

Do share buy back

Does tis looks like thr is a plan for d co post sale???


It looks more like chang n co who will get millions from d special dividend are packing up n say bye bye to jobst

From d recent qtr result.....


Weighted average number of shares in issue 650,672,000


Revenue from continuing operations... Revenue from external customers 1,262,000


jz 1,262,000 for a qtr, full year jz 5,048,000


revenue jz 0.007758 per share, sure will fall into PN17 for having insignificant operation

I prefer d special dividend at may b 2.50 instead of 2.62 so tat d balance can b used to save d co from PN17....

n no more dividend in every quarter now tat fund is needed for business purposes

U look like a long loyal unquestioning shareholder..

Without fund left in d co how do u think after payment of d special dividend, d co can be turnarounded n saved from PN 17??

Also, think abt tis... does tis recent revision upward of the selling price means d main business was almost mistakenly sold off too cheap at low PE??

I hv said b4 why pay out 100% of d sale proceed of d main business of d company, n make it not having fund to get it out of PN17 afterward

Why not keep part of d proceed of d sale for expansion of d remaining business to generate further value for shareholders???


Now, worst d management hv declared another dividend to take out further fund from d company when they shd hv kept the fund for expansion of d existing businesses or for new businesses....

Tis rush to take out fund is making me not comfortable....

Keep d fund, n get d company out of PN 17 tat is wat shareholders wanted

I do not like a bit d fact tat a dividend is declared again...

2.62 + 0.39 = 3.01 FV

FV even more if after special dividend Chang n co can do their magic again

Also, FIL is like done selling....

2.62 + 0.39 = 3.01 FV

Hv FIL sold off 100%??

Volume kind of low lately

http://www.focusmalaysia.my/Mainstream/Seek-Group-to-pay-RM1-8b-for-JobStreet-

According to analyst quoted in Focus Malaysia the selling price may be increased by RM 70 millions and the special dividend will be RM 2.50 instead of RM 2.40

MYR conversion rates against a lot of foreign currencies expected to drop, FIL and other overseas corporate shareholders are selling fast and furious

Also, CCS's decision will not be out so soon, now you can only get your special dividen by 3rd Qtr 2014, have to wait longer

approval from S'pore anytime now...

How many lots FIL sold today?

The New Journey Begins

looks like thr is a plan.. n we wil not b seeing d end of Jobst but a new beginning........

whn wil deal b approved by s'pore?? dont know.. but shd b soon

whn wil FIL b done?? dont know... but shd b soon

whn wil panic buying come?? dont know.... but shd b soon


so many dont know.... but shd b soon

i think safer to buy some now as price stil cheap... buy today.. b safe

Jobst wil cross 2.50 earlier of......

- deal approved by s'pore

- FIL is done

- panic buying

Thr r two dividends pending payment......


final single tier dividend of 0.50 sen

interim single tier dividend per share 1.75 sen


Total 2.25 sen per share

2.42 - 0.0225 = 2.3975 < 2.40


while latest q result increased d nta stil

FIL wil no longer report its disposals.. so from now on u wil b in d dark... u wld not know wat is its bal in hand......

wat if u dont buy... keep waiting thn suddenly FIL has sold off all 100% of its shares n d sales over... ???

whn tat happen d price wil surely go up n u wil miss.. HAHAHA!

as to wat I think... I think Singapore shd approve cos tis is after all an internet based biz whc any new companies can enter easily if they so wish.. so wat monopoly??

if d answer is no.. thn Singapore shd approve d deal...

do you know if SEEK has any EXISTING recruitment biz in Singapore at d moment whc whn + Jobst wil monopolize d recruitment biz in Singapore???

Total 2.25 sen per share

2.42 - 0.0225 = 2.3975 < 2.40 while latest q result increased d nta stil

Thr r two dividends pending payment......


The Board of Directors of the Company has proposed a final single tier dividend of 0.50 sen per ordinary share of RM0.10 each for the financial year ended 31 December 2013, subject to the shareholders' approval at the forthcoming Annual General Meeting of the Company. The entitlement and payment dates in respect thereof will be announced at a later date.



6 Proposed/Declared dividend per share (Subunit) 1.75 sen

Disposed 12/05/2014
235,200

Disposed 12/05/2014
6,500

Disposed 12/05/2014
6,500

Disposed 12/05/2014
104,900


Indirect/deemed interest (units) 33,449,600
Indirect/deemed interest (%) 5.19
Total no of securities after change 33,449,600
Date of notice 19/05/2014



33,449,600 - 13,899,700 - 1,388,800 - 644,500 = 17,516,600 balance???

bal 18,514,200 divide by 1,500,000 a day = abt 12 days more to go b4 d FIL SALE CARNIVAL is over..

8 days if thr is a last minute rush to buy... thr is always a last minute rush to buy in all sales.. malaysian like tat... come early to avoid disappointment...

d price can only get higher whn the supply gets lower

Disposed 09/05/2014
933,000

Disposed 09/05/2014
9,000

Disposed 09/05/2014
15,800

Disposed 09/05/2014
416,300


Indirect/deemed interest (units) 33,802,700
Indirect/deemed interest (%) 5.24
Total no of securities after change 33,802,700

Date of notice 16/05/2014


33,802,700 - 13,899,700 - 1,388,800 = 18,514,200 balance???

Indirect/deemed interest (%) 5.47
Total no of securities after change 35,266,600
Date of notice 12/05/2014



mkt has bot 13,899,700 of FIL's shares today?

quickly go read n find out.. sale wil b ovr in 1 or 2 days.. b quick or u wil miss

Indirect/deemed interest (%) 5.47
Total no of securities after change 35,266,600
Date of notice 12/05/2014




volume high...... mkt has in fact snapped up FIL's shares like hot cakes....


mkt has bot 13,564,300 of FIL's shares tis morning??


if yes.. may b 1 or 2 days more FIL wil fully sell off all its shares.. n tat is d day d big sale of jobst is over.. n d price will really move up...

1 or 2 days more.......

It really doesn't matter how long more or how many shares more tis FIL has to sell..... in fact... it wil b d more d better...... cos UPON APPROVAL of d special dividend payout on 14-5...... all its millions of shares tat it wanted to sell wil b snapped up like hot cakes.........


2nd most active..... it does feel like tis is happening

n thr wil b a day soon whn FIL fully sold off its shares.. n tat is d day d big sale of jobst is over.. n d price will really move up

cant c clearly.. but think out of 345m 344m voted for.. only 1m against..

getting a LIKE from 99%.. d post special dividend solution for d pn 17 must b good..

price shd b up tomoro.. let's c if tat is d case

people r waiting for certainty... egm is 3.30 pm today

if i sell here, i wil hv to look for other counters to buy...

but, it is not like thr r a lot of other good counters to buy at d moment... u know.. wit d sell in may saying.. d world cup in jun... n wit d fbm small cap index so high now.... if i bot into other counters now i wil likely get burned...

so i wil hang around here for a while... wait n c.. look c look c wat fantastic plan jobst wil come up wit after paying d special dividend... point is cost very low..

n c d "UPON APPROVAL.......


Based on d mkt interest in jobst.... whr its price was chased upto 2.51 recently....

It really doesn't matter how long more or how many shares more tis FIL has to sell..... in fact... it wil b d more d better...... cos UPON APPROVAL of d special dividend payout on 14-5...... all its millions of shares tat it wanted to sell wil b snapped up like hot cakes.........

at more than 2.51...... even at more than 2.62....

I m saying tis cos even b4 approval mkt oredi chased its price upto 2.51 recently.... tis is jz my way of seeing it... do ur own.. dont follow me......

10/05/2014 15:53

approval in tat EGM wil remove d uncertainty...

well i started my sentence wit "Based on d mkt interest.. " let's let d mkt speak for itself....

No?! u sure?? Isn't it item lll) in d Notice of EGM??? u r confusing me....

Based on d mkt interest in jobst.... whr its price was chased upto 2.51 recently....

It really doesn't matter how long more or how many shares more tis FIL has to sell..... in fact... it wil b d more d better...... cos upon approval of d special dividend payout on 14-5...... all its millions of shares tat it wanted to sell wil b snapped up like hot cakes.........

at more than 2.51...... even at more than 2.62....

I m saying tis cos even b4 approval mkt oredi chased its price upto 2.51 recently.... tis is jz my way of seeing it... do ur own.. dont follow me......

not bad today.. more than 2.50 next monday..

going by the long queue to buy.. market thinks very very low.....

0.2565 + 2.40 = 2.6565

residual value of subsidiaries + JV cos + associated cos + investments + property + cash per share (89.81+8.48+32.84+7.25+2.77+13.14+12.12+14+0.34+3.65)/707.953 = 0.2565

0.3512 + 2.40 = 2.8512

nta 0.3512

vs 2.46 now


or


post dividend and special dividend..

2.4400 - 0.005 - 2.40 = 0.0350 Your cost

2.6565 - 0.005 - 2.40 = 0.2515 Potential gain 618% (0.2515 - 0.035)/0.035

2.8512 - 0.005 - 2.40 = 0.4462 Potential gain 1175% (0.4462 - 0.035)/0.035

calculation is ok except u missed tis dividend..

The Board of Directors of the Company has proposed a final single tier dividend of 0.50 sen per ordinary share of RM0.10 each for the financial year ended 31 December 2013, subject to the shareholders' approval at the forthcoming Annual General Meeting of the Company. The entitlement and payment dates in respect thereof will be announced at a later date.


N D FACT TAT POST SPECIAL DIVIDEND JOBST WIL B A PN 17 CO DUE TO ...will have no significant operations... WHERE IT WIL LINGER LINGER FOR A WHILE B4 IT IS DELISTED.. RESULTING IN UR MONEY BEING STRUCK

Freaking FIL does look like it has all day..

wtf just sell to all those who q at 2.37, 2.38, 2.39, 2.40, 2.42 already... n get it ovr wit!!

haven't seen a fund so freaking free u know.. selling a bit a bit a bit.. a bit.. a bit..

do it.. after all u hv sold at 2.37 b4

eliz My logic is that it is necessary for FIL to sell now, not because of its price up limit, but because it is quite difficult for FIL to liquidate its large holding in JOBST after the special dividend.


if tis is right, n it could well b right, as fil is finding it difficult to sell even now.. n fil stil has millions to sell... d price could go down again.

not tat i like tis, but it is a high possibility.

benson911 Hi Eliz, If Fil keeps disposing, price hardly up more than RM2.5, am i right?

tis is right, n FIL stil has millions to sell...

FIL could be selling for many reasons, like may be the feeling is gone, or may be all good things must come to an end, or may be it is not mandated to hold a potential PN17 company. Messy and complicated la, hence have to Simplify Portfolio Investment.

The 1st disturbing thing is the way it is selling... ie bit by bit by bit by bit... by bit.. by bit. Hardly, reflecting the standard of a big fund, and really looks like it has all day.

The 2nd disturbing thing is the apparent lack of interested parties to buy its holding by block even as it was selling even at below 2.40.

I can see u r interested ; )

: ) but jobst has shown u wat it can do.. 2.51

brokering houses r reducing d margin % for tis counter for their margin accounts..

some r excluding tis counter outright as an acceptable security..

phone calls hv bin made asking investors for top up... if cant top up.. forced selling wil start again..

newbie beware!!!