1 person likes this.

15 comment(s). Last comment by SEE_Research 2023-12-15 00:00

calvintaneng

53,155 posts

Posted by calvintaneng > 2021-10-21 22:13 | Report Abuse

Peliken has Pelican as its logo

Hopefully time for it to fly

https://www.youtube.com/watch?v=KjsBkElRDSk

vcinvestor

403 posts

Posted by vcinvestor > 2021-10-22 14:28 | Report Abuse

boss.. spell the company's name correct la. its Pelikan not Peliken

calvintaneng

53,155 posts

Posted by calvintaneng > 2021-10-22 15:09 | Report Abuse

oh thank you

Will change is immediately

20 sen Special dividend is announced again

See

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3202626

Bizfuneng

883 posts

Posted by Bizfuneng > 2021-10-22 15:18 | Report Abuse

Haven't seen the support volume yet.

vcinvestor

403 posts

Posted by vcinvestor > 2021-10-22 15:21 | Report Abuse

its PeliKAN not PeliKANNOT

calvintaneng

53,155 posts

Posted by calvintaneng > 2021-10-22 15:53 | Report Abuse

ok got it

it is peli CAN

CAN NOT CANNOT

WELL DONE!!

Bizfuneng

883 posts

Posted by Bizfuneng > 2021-10-22 15:54 | Report Abuse

Haha....its just cannot.

Bizfuneng

883 posts

Posted by Bizfuneng > 2021-10-22 15:55 | Report Abuse

Hopefully it can fly soon!

purple70

226 posts

Posted by purple70 > 2021-10-24 18:09 | Report Abuse

Latest QR of 2.98 is a flash in the pan! If extrapolated , this means EPS of approx. 12 sen pa. Such an annual earning is impossible for this Co in its current set up, structure and capacity. Thus, PE valuation is misleading more so given the non accretive business it is in!

Current price is app 50 sen, which has partly factored in the 20 sen dividend, thus assuming ex div value of 50-2-=30 sen, and the multiples of 15 for this business, it derives EPS of 30/15 = 2, which in itself is a bloated earnings!

Doubt if any other sale of asset will bring in any additional value without sacrificing earnings quality! Those in the money should be careful and exit!

As shareholder, I m yet to receive the EGM notification and am sure many are in the same connundrum too!

purple70

226 posts

Posted by purple70 > 2021-10-24 18:33 | Report Abuse

If one values it on combo of NTA and disposal gain only - Current NTA is 77 sen. the sale will bring in RM185mil, ie gain of 31 sen, thus valuing it at RM1.08 cum dividend!

The only laggard here is, if the operations will be earnings dilutive!

As long as PEILKAN is profitable, such above level should stay!

calvintaneng

53,155 posts

Posted by calvintaneng > 2021-10-24 19:48 | Report Abuse

I already called Pelikan Office and they confirmed that Egm will be on Nov 5 for voting of assets sale

As the assets disposal has shown a clear 100% profit since purchase we can also see other assets are similar

So by way of deduction we can also give a general rule that other assets should also increase by the same quantum of 100%

From here we can multiply Nav of 77 sen by 2 which is Rm1.54 (if revalued and updated to current value)

Taking Benjamin Graham required 30% discount to Nav the intrinsic value of Pelikan
Rm1.54 x .7

= Rm1.07

Our target price of Rm1.00 is still below intrinsic value with 30% margin of safety

As for P/E with the Cash settlement of Rm200 million loans there will be a saving on bank interest of Rm8 millions per year which will show up in lower gearing and higher profits

The Extra 10 sen surplus could be used to generate more revenue and profits

If not for this generous unlocking of value by assets disposal and dividend payout of 20 sen we would not have given Pelikan a second look

By this very pro active move we see Pelikan is "doing something " positive

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-12-14 23:23 | Report Abuse

Pelikan Buy Call 47 sen

Dividend was 20 sen

Now another 75 sen dividend from another asset disposal

Pelikan Rm1.00 target will cross soon

This shows investing in asset play and hold tight till value unlock is one form of successful investment

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-12-14 23:33 | Report Abuse

Another Asset play is Bplant

Buy call
57 sen
After 24 sen dividend

Bplant real time cost 33 sen

Now Ltat offers Rm1.55 to take Bplant private
So 33 sen to Rm1.55 is up 369%

Another potential Asset plays are Thplant & Tsh Resources

SEE_Research

4,566 posts

Posted by SEE_Research > 2023-12-14 23:58 |

Post removed.Why?

SEE_Research

4,566 posts

Posted by SEE_Research > 2023-12-15 00:00 |

Post removed.Why?

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