Repayment of 8 sen for every share of 10 sen each... confirmed...
see below from its announcement....
Pursuant thereto, on behalf of the Board, MIDF Investment wishes to announce that, upon completion of the Propose Disposal, ALB shall, subject to obtaining all requisite approvals, undertake a distribution of approximately RM37.9 million to the entitled shareholders of ALB ("Entitled Shareholders") or equivalent to
RM0.08 per ordinary share of RM0.10 each
in ALB ("ALB Share") to the Entitled Shareholders ("Proposed Distribution") by way of:
Ha! Thousand apology to JCool and thousand thank you for pointing out Amcomlb ! My post in PMCorp made you full of anger! Just that everybody so excited in that forum just don't want to burst their false hope! But let's hope for miracle for them!
I also like long steel counters like Southern Steel, Masteel & Ann Joo Steel. Long steel is needed for MRT & HIGH SPEED RAILWAY PILLARS. Southern Steel has generous dividend policy, while MASTEEL has high NTA. But be careful of China dumping cheap inferior steel in M'sia
HaHa u can c a half past six one done by mr c... dont count on it though.. as he is more used to old timers which r static.... not fast moving ace cos..
I don't touch counters of KKP knowing fully well the history of many committed suicides or gone bankrupt back in asian financial crisis 1998! At least this counter already made announcement of 80% cash payment to minority shareholders!
Posted by Fortunebull > Oct 15, 2013 08:16 PM | Report Abuse Comparing PMCorp and Ancomlb is like comparing rotten apple with fresh apple! But lets hope for miracle!
Yeah , agree man. But which is a rotten apple and which is a fresh apple. Judge by yourselves from the following table based on their latest balance sheets:
Company PMCorp ALB Cash and equivalent 93950 5578 Investments 81977 2802 Total assets 328717 96448 Less totalliabilities -15471 -26580 Equity 313246 69868
Number of shares 773356 473290 NAB 0.41 0.12 NTA 0.32 0.12
n for your information.... ANCOMLB is reducing its capital base ok.... tat means it has excess capital ok... n tat means it can in fact generate 61.6 mil revenue at a much lower capital base ok n its PE wil b lowered in future...
kcchongnz... u r jz know how to sit at ur desk n fill in d blanks of valuation methods wit past 10 years' balances from d audited accounts... n nothing more
when it comes to nimble n forward looking ACE companies... u totally cannot la
Wah Jcool, you are really fantastic in your arithmetic.
When there is a capital reduction and 2 shares become one share, don't you think it ends up the same? Your earnings per share doubles but you now only have half the number of shares. Some more when you take out 8 sen per shares, the value of your share won't be correspondingly lowered by the same amount?
My Jcool, you can't do magic by capital reduction and pay special dividend and then increase the shareholder value like that, can you? If like that ah every company will be doing this magic all the time already oh!
Hi Fortunebull, it is not my intention to shame anybody. Why would I? For what? After all we are all mature people.
Lets forget who started the cynical remarks first. My purpose of all my postings are for sharing of ideas and thoughts. Nothing personal. If you find my postings misleading or wrong information, you are always welcomed to correct me. If it is true, I would thank you rather than ridicule you. But when you the words like liar, without substantiation, then I think you go out of bound.
Did I heard any talking to me! I keep my mouth shut! Better be happy with gain made today than talk talk talk untik KFima drop! My purpose is to make money not trying to be smart!
My understanding on capital reduction is as follows :-
Lets say equity section of BS as follows:- Share capital = 100,000 Accumulated losses = -10000 Par value = RM 1 No of shares = 100,000
With capital reduction, lets say par value adjusted to RM0.5 but 10,000 is used to wipe out losses. If we say that capita reduction wont change no of shares then where is the 10,000 to wipe out losses come from and what is the new share capital ?
house, I am not sure about this corporate exercise. You know I am not a finance professional.
My guess is the company could have used other reserves such as share premium, capital reserves etc which are non-distributable reserve to convert to profit and hence as retained earnings and altering the share capital.
Lets not discuss this stuff in this thread and antagonize them.
I think capital reduction (CR) is done as follows: Before CR: Share Capital = 100,000 (100,000 ordinary shares of RM1.00 each) Accumulated losses = (10,000) Shareholders equity = 90,000
After CR: Share Capital = 90,000 (100,000 ordinary shares of RM0.90 each) Accmulated losses = 0 Shareholders equity = 90,000
The reduction is by reducing the Par Value of the shares but not the number of shares outstanding. Does this make sense?
Hello, you all quarrel without really study the proposal of the company. Div 4 sen to entitled shareholders, unit of share remain unchanged 473,286,313. total div distribute RM18.9M. Share par value reduce from 0.10 to 0.05. With the execise it reduce its lost of rm10M+ to RM2M.
Thanks leelc70 for the info. Yes, I never study the proposal for the corporate exercise because i was never interested in this share. So I was wrong about this 2 shares become one, I guess.
I keep my mouth shut and see how some will spin the announcement! http://klse.i3investor.com/servlets/anpth/943266.jsp Like I said before! Excuse me! I have to go to the shame corner and keep my mouth shut! Take some old newspaper to wipe my butt!
Yeah I know I know I know. You already know already about the nitty gritty about the corporate exercise before leelc70 mentioned it. That was why you wrote this:
Posted by Fortunebull > Oct 16, 2013 06:31 PM | Report Abuse I keep my mouth shut and see how some will spin the announcement! http://klse.i3investor.com/servlets/anpth/943266.jsp Like I said before! Excuse me! I have to go to the shame corner and keep my mouth shut! Take some old newspaper to wipe my butt!
Oh for your post below, I have written my comments in the following thread. So it is your turn now. Don't tell me you will still "Excuse me! I have to go to the shame corner and keep my mouth shut! Take some old newspaper to wipe my butt!"
Hahaha! Arm chair investor so full of himself until got his analysis wrong!
Posted by kcchongnz > Oct 16, 2013 06:21 PM | Report Abuse
Thanks leelc70 for the info. Yes, INEVER STUDY THE PROPOSAL for the corporate exercise because i was NEVER INTERESTED in this share. So I was wrong about this 2 shares become one, I guess.
Yeah man, your fantastic analysis has shown that my "analysis" wrong. So other "analysis" of yours? What about your "analysis" to the comments below?
Posted by kcchongnz > Oct 16, 2013 08:01 AM | Report Abuse X
Posted by Fortunebull > Oct 15, 2013 08:16 PM | Report Abuse Comparing PMCorp and Ancomlb is like comparing rotten apple with fresh apple! But lets hope for miracle!
Yeah , agree man. But which is a rotten apple and which is a fresh apple. Judge by yourselves from the following table based on their latest balance sheets:
Company PMCorp ALB Cash and equivalent 93950 5578 Investments 81977 2802 Total assets 328717 96448 Less totalliabilities -15471 -26580 Equity 313246 69868
Number of shares 773356 473290 NAB 0.41 0.12 NTA 0.32 0.12
Price 0.215 0.190 Price/book 0.53 1.59
Posted by kcchongnz > Oct 16, 2013 08:05 AM | Report Abuse X
More data for your judgement; which is a rotten apple? Which is a fresh apple?
2012 PMCorp AncomLB Revenue 85611 61610 EPS, sen 1.13 0.13 Price 0.215 0.190 PE 19 146
Still holding on to AncomLb shares? They are now fully valued or overvalued. PM Corp is Still Undervalued. I expect PM Corp To Double The Price of AncomLb someday.
Switch now when the Opportunity Is Here. Don't delay. You will be glad you did!
Over a Shorts term the Share market is a voting machine; But over the Long Term the Stock Market is A WEIGHING MACHINE.
The Price of A Share Ultimately Rise Or Fall According to ITS OWN FUNDAMENTAL & INTRINSIC VALUE.
Check This out CAREFULLY NOW. After all, it is Your Own Money to Lose or Gain.
Have A Nice Day.
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Posted by JCool > 2013-10-09 16:31 | Report Abuse
20.5 sen now... there told u selling at 20 sen is way too soon
and, jz broke 52 weeks high wit volume..... selling at 20 sen is way too soon
yes 8 sen for a 10 sen share... isn't it great!!?!!