Maybe because the price is so low? Easier for volume to be high. At the moment, price touching 0.205 - will probably continue rising until just before ex-date.
Agree with Spindrift, will probably rise everyday until ex-date. Those who bought will tell their friends and increase interest in the stock. Should at a minimum touch 0.23 before ex-date. If not will be worst off than yesterday after the ex-date.
Spindrift, where did you hear about the additional dividend in a few months time. That would be more than 40% return. Yeap, sell everything and buy Ancomlb. LOL
As set out in the First Announcement, it is the intention of the Board to distribute part of the proceeds from the Proposed Disposal to the shareholders of ALB via special cash dividends (depending on the amount of retained profits of ALB available upon completion of the Proposed Disposal) and any other means, such as capital repayment, the method of which will be determined at a later stage by the Board of ALB.
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:
(i) Proposed declaration and payment of part of the Disposal Consideration as a special cash dividend on the basis of RM0.04 per ALB Share to the Entitled Shareholders on the entitlement date ("Entitlement Date"), which will be determined by the Board and announced in due course; and
(ii) Proposed capital reduction as follows:
(a) proposed capital reduction which will involve the reduction of the Company's existing issued and paid-up share capital pursuant to Section 64 of the Companies Act 1965 (the "Act"); and
(b) proposed cancellation of the share premium account of the Company pursuant to Sections 60 and 64 of the Act;
which will be applied towards the setting-off against the accumulated losses of the Company and distributing part of the Disposal Consideration to the Entitled Shareholders on the Entitlement Date.
Any body can tell me what happen to this stock? Cause till now i still not understand it clearly base on the announcement. 20 Jan 2014 going to pay 4cent. but what u all mean by there is another 4 cent going to pay out in April or May.
han98134 - They have previously announced 8 cents to be payed out, but without the ex-dates yet. 4 cents in January and another 4 cents in March or April. Now the ex-date for January already announced. The ex-date for the one in March or April will be announced later.
Buyers by the hundreds of lots. But this capital reduction. If company have good intention don't ever use this word. I am very scared whenever I hear this word. Back in the days after 1998 when some companies reduced 40 to 1.
Could someone with more knowledge than me please explain what AncomLB is doing, and the reason for this capital reduction. I've read up a bit, and I see no reason to be scared - but I'm not an expert here. I know JCool already explained it - but seeing eftee's comment above this one shows that it needs to be repeated.
Take note tat there is NO capital reduction to cancel accumulated losses in ANCOMLB case..... as there is simply NO accumulated losses after ANCOMLB made d big profit of RM 25,362,000 from d sale of SSM....
D RM 23,666,000 capital reduction is cos since SSM is sold.. ANCOMLB has no use for its huge share capital anymore.... d share capital to b reduced is RM 23,665,000... can u see or not... tis is close to ANCOMLBs cost of investment in SSM of RM 21,063,000...
tat is.. simply put... d investment in SSM sold.. cost of investment recovered... ANCOMLB has huge excess shareholders' fund tat its doesn't need anymore.... (as d remaining subsidiaries r already established n there is d RM 6,520,000 additional working capital)... as such ANCOMLB is returning d excess capital... 1/2 of it.... to shareholders... simple as tat... there is NO capital reduction to cancel accumulated losses in ANCOMLB case.
Thanks JCool for clarifying. I understand. Why the company use THAT word when it can spook investors. After all those who had been bitten before will be wary. To those directors or in charge of companies or in a position to make decision: Never ever use the word before of past experiences ppl had. Whenever they see that word they steer clear.
The announcement first came out in August on the sale of the Singapore unit and distribution of the proceeds. At that time the stock was trading at around 0.135. With the total distribution of 0.08, it can be said the current valuation has already taken into account the current dividend and the partial dividend of the second distribution of gains.
I am hoping the stock will be around 0.22 prior to ex-date. At current prices, still provides good returns. 0.04 in January and 0.04 in a few months time, a cash return of almost 40% and still having the stock at hand.
The balance sheet will be cleaned up, and we can get more dividends in the long term. This is not a stock for trading but for investing.
wah, so attractive to have RM40 dividend on each share of this price of mother share. Imagine if I have 100 units of shares, wau, after ex-date i will entitle to this dividend of RM4000.00 on my total share, the company is really generous huh :)
haha, Hopeman, doesn't matter, we should be happy and think positive at least there is a place in Ancomlb which the interest is much better and higher than bank's FD :)
Louise123 you are right ,although they don't want to goreng the share price but at least they pay us the dividend on CNY eve(30/1/14) as some small ang pau and we wait for march/April capital repayment again GXFC
Thanks, I gt read the announcement.. I confuse with the terms dividend and capital repayment... Anyway i understand the 8 cents is secure if holds until april...
actually they are abit confusing to the shareholder the rm 40 should consider as special dividend instead of interim dividend no way the company can afford to pay such a big amount interim,dividend without any special reason ,earlier they already announced upon full disposal of the Singapore subsidiary they will pay a special dividend but how can the announcement become interim instead of special dividend ,it look like quiet confusing some shareholder, presume Ancom Lb is a very high dividend company,anyway as a shareholder we hope after disposal and 0 debt and all the return rm 80 ,the invester are 0 risk!
eftee, i am only having 30 unit shares but not 100 units, haha ...quite hope if I got extra money to pump in to make it 100 units for the RM8000 dividend till June or whenever it is if keeping the share for less then a year with only RM20,500 as my principal which we certainly cannot get from the bank's interest :)
Don't buy Amcomlb now. Price already factored in because of Cash Pay Out Announcement. No more further upside here. A better buy would be SILK Holdings or RCECAPITAL. Both very defensive for year 2014.
I think the same like you. But let's hope that it is not a total collapse but just a bad crash with hope of rebound again. Or else many overexposed punters will be in deep trouble.
So let's Hope for the best. But be prepared for the worst by finding defensive counters for safety.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 277 views | 1 d ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 471 views | 5 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
anthonylow
272 posts
Posted by anthonylow > 2014-01-07 14:57 | Report Abuse
http://www.thestar.com.my/Business/Business-News/2014/01/04/10-stocks-to-watch-in-2014-1-Gadang-Holdings-Bhd-3-Eco-World-Development-Group-Bhd-4-Daya-Materials/