Posted by Sinoboy > 2021-08-02 14:40 | Report Abuse

Yes, it's coming down :))

Posted by stocking > 2021-08-03 12:52 | Report Abuse

Going up back again :)

Posted by Blacksails > 2021-08-03 15:13 | Report Abuse

Somebody will take this company over from existing major shareholder if not careful because the value of this company is definitely a lot higher say above 75 to 99 sen. At the current price of say 45 sen plus dividend of 20 sen, won't you take it over from the existing owner (as your cost of taking over the company is actually 25 sen)? Any comments?

Posted by smartgood > 2021-08-03 16:05 | Report Abuse

That's why I say fair value of this stock should be at least 70 sen. But why so hard to go up to 70 sen.

Posted by smartgood > 2021-08-05 16:05 | Report Abuse

Pelikan NTA per share higher than Berjaya Toto?

Posted by Bgt 9963 > 2021-08-05 16:31 |

Post removed.Why?

Posted by Hafid > 2021-08-06 06:09 | Report Abuse

For pelikan if the company able to grow the sales mainly for Asia than is good. Anyway cashflow from operating activities is positive. Hopefully with the light asset there can perform and also the earning is mainly from Europe area so rely less on domestically earning.

Posted by Sinoboy > 2021-08-06 11:57 | Report Abuse

Everyday drink red wine mabuk ooo :))

Posted by Hafid > 2021-08-07 06:01 | Report Abuse

I think buy only below rm0.35.

Posted by smartgood > 2021-08-07 09:26 | Report Abuse

If it doesn't go below 35 sen, you will miss the boat if it really shoot up.

Posted by Hafid > 2021-08-07 13:00 | Report Abuse

just wait and see

Posted by Hafid > 2021-08-07 13:00 | Report Abuse

or after the dividend only enter

Posted by greencode > 2021-08-07 14:08 | Report Abuse

Breakout. Now accumulation stage. Shooting up is very sure. Anytime from now

Posted by Hafid > 2021-08-08 19:34 | Report Abuse

any techincal that you can share.

Posted by greencode > 2021-08-09 09:43 | Report Abuse

Malaysia stock cannot depend on technical too much. All sentiment.

Posted by BestOne > 2021-08-13 09:56 | Report Abuse

Yesszz moving out of launching pad! Go for LU!!! Low price, steady company, profit making all year… why not?

Posted by Hafid > 2021-08-15 11:41 | Report Abuse

Pelikan is actually a company with a strong moat by way of their recognised brand name, but so far had been weighed down by huge debt, bad working capital, management and cash flow and low profitability. The Pelikan Group is supported directly via its 4 principal manufacturing facilities located in Colombia, Germany, Mexico and Poland. PELIKAN's main market is Germany which accounted for 61.6% of overall sales in 1Q21. This is followed by the Rest of Europe (20.5%), Americas (13.1%) and Rest of the World (4.8%). PELIKAN distributes its products through its 21 sales offices stretching over 3 continents.
An investee company Ikhlas Capital had invested in the company back in end 2019. Nazir & his PE fund Ikhlas had came in and seems to be planting seeds to try and turn around this company.
On 7.7.21, Pelikan Group GmbH (PGG), a 98.64% subsidiary of PELIKAN, entered into a conditional sale and purchase agreement (SPA) with HE4 Falkensee 1 S.à r.l. and HE4 Falkensee 2 S.à r.l. (collectively, the “Purchasers”), to dispose of its logistics centre located at Straße der Einheit 142-148, 14621 Falkensee, Germany (Property) for a cash consideration of EUR81.0m.
The Property comprises a piece of freehold land and all the buildings erected thereon located in the commercial area of Falkensee, Germany. The Property is currently occupied by PGG and its subsidiaries (PGG Group). Upon the completion of the disposal of the Property, PELIKAN is expected to realise an estimated one-off gain of RM184.83m. The disposal proceed will be mainly used for working capital requirements (RM162m earmarked), rewarding the shareholders through special cash distribution of 20.0 sen upon the completion of the proposed disposal., partial repayment of its bank borrowings (RM 200m earmarked), all to enhance overall profitability and lowering its financing cost (currently at RM8m p.a.)
Currently at RM0.43 the Market cap of PELIKAN right now is RM261.50m. The proceed from the sale is way above its current market cap. The sale of a valuable asset to unlock value looks to me like a good first attempt to do this.
Our EPS forecast for FY21 excluded the exceptional gain from the proposed disposal of its German logistics centre. DPS for CY21 is projected at 20.00 sen nett (assuming the proposed special DPS is declared before the end of CY21).
Post proposed disposal, net asset per share will improved from 0.76 to 1.06 and gearing from 0.86 to 0.31
How much should this share be worth now is up to anyone's guess, but from this deal, we can see that the company's current valuation is much much below their book value.

Posted by anthonytkh > 2021-08-15 11:57 | Report Abuse

Swift Haulage (under Khazanah, announced IPO plans recently) and Pelikan have the same boss

Posted by ronald118 > 2021-08-17 20:13 | Report Abuse

dividend are 2 cent, not 20cents.
EUR81.0m= Rm 400m+-
partial repayment of its bank borrowings (RM 200m earmarked)
working capital requirements (RM162m
balance for dividend for 2 cent!

Posted by ronald118 > 2021-08-17 20:17 | Report Abuse

After they sell and lease back property,FY2021 cost will incur extra rm 20m due to rental.
will eat into next term profit if profit didnt grow.

Posted by Michael R. > 2021-08-18 09:02 | Report Abuse

retailers beware... flushing is anytime...

Posted by Hafid > 2021-08-18 17:14 | Report Abuse

Pelican dividend is 0.20sen and not 0.02sen.

Posted by Musfaz83 > 2021-08-19 10:29 | Report Abuse

laii

Posted by Jom123 > 2021-08-19 17:01 | Report Abuse

Computer Forms tops RM1 for first time after declaring special dividend..

Posted by EyeShield21 > 2021-08-20 08:35 | Report Abuse

can be next CFM?

Posted by Bgt 9963 > 2021-08-20 08:45 |

Post removed.Why?

Posted by EyeShield21 > 2021-08-20 09:46 | Report Abuse

20 cents dividend if i enter at this price 0.43 with RM 4.3k capital i can get RM 2k dividend right. even the price drop to 0.3 later i still in the money. good bargain?

Posted by damiantreez > 2021-08-20 10:56 | Report Abuse

how u guys get 20 sen? i calculate and get 2 sen only

Posted by EyeShield21 > 2021-08-20 14:39 | Report Abuse

i dont know which one is correct. i just read here
https://www.klsescreener.com/v2/news/view/854189/quick-take-pelikan-rises-4-on-special-dividend

Pelikan said it would allocate RM120.64mil for the special dividend, following the disposal of the logistics centre.

Posted by Hafid > 2021-08-21 15:38 | Report Abuse

0.435-0.20=0.235

Posted by DickyMe > 2021-08-23 12:50 | Report Abuse

Pasti meletup!

Posted by Zoom > 2021-08-23 15:45 | Report Abuse

yes... confirm meletup

Posted by TheContrarian > 2021-08-23 18:51 | Report Abuse

QR out, looks good.

Posted by Hafid > 2021-08-23 19:37 | Report Abuse

on the way to rm0.50

Posted by Aiyodidi > 2021-08-23 23:05 | Report Abuse

Fly to sky

Posted by Bgt 9963 > 2021-08-24 08:53 |

Post removed.Why?

Posted by tomanhead > 2021-08-24 09:51 | Report Abuse

Billion rm business but profit only few million….dream on ….just pray next Qr no loss !!!

Posted by DickyMe > 2021-08-24 20:21 | Report Abuse

Sama lah macam GLC....

Posted by papaya > 2021-08-25 09:25 | Report Abuse

vroommmmm.....vroooommmmmmm.......kikikikikikih

Posted by papaya > 2021-08-25 10:26 | Report Abuse

buy...b4 suma kena sapu......no one willing to sell anymore......20 sen dividen coming ......kikikikikih

Posted by Bizfuneng > 2021-08-25 10:43 | Report Abuse

20 sen dividend when?

Posted by papaya > 2021-08-26 09:46 | Report Abuse

bizfuneng.....i just repost from previous

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=116597&name=EA_GA_ATTACHMENTS

when??....got to wait for announcement

Posted by papaya > 2021-08-26 15:55 | Report Abuse

lets go pelikan......kikikikikih

Posted by Investing_Bursa > 2021-08-27 08:51 | Report Abuse

Dividend will only be given end year or early next year as deal only will be concluded by year end ( 4th qtr)

Posted by krish52 > 2021-08-27 08:58 | Report Abuse

please confirm whether the dividend is 2 sen or 20 sen per share. still there is confusion among investors.

Posted by TheContrarian > 2021-08-27 09:29 | Report Abuse

20 sen.

Posted by Teslax > 2021-08-27 09:30 | Report Abuse

dividend gonna be declared 20 sen per share . hold till they announce it

Posted by putolim > 2021-08-27 12:41 | Report Abuse

Look at the company announcement at Bursa made by Pelikan. The company already said 20 c per share but still have person try to confuse investor. Really weird on their intention.

Posted by DickyMe > 2021-08-27 12:52 | Report Abuse

UTILISATION OF PROCEEDS
Subsequent to the Announcement, the Board wishes to clarify that the total proceeds arising
from the Proposed Disposal of EUR81.0 million (equivalent to approximately RM399.33
million) are proposed to be utilised/varied as follows:-

Proposed utilisation
Expected timeframe
for utilisation upon completion
of Proposed Disposal
Amount
(RM’000)
Repayment of bank borrowings (a) Within 3 months 200,000
Working capital requirements (b) Within 12 months 41,290
Special dividend (c) Within 6 months 120,640
Internal reorganisation related cost (d) Within 12 months 24,600
Estimated expenses (e) Within 3 months 12,800
Total proceeds 399,330

Notes:-
(a) Same as per Announcement.
(b) The Board has estimated that the alloc
(b) The Board has estimated that the allocation of proceeds shall be set out as follows:-
RM,000
Operational costs and general overheads 30,000
Administrative and finance expenses 11,290
Total 41,290


(c) The Board has decided to fix the special dividend at 20 sen per share.
========================================================
=========================================================

.....


However, it is only possible if the sale goes through before 30th September

(b) Manner of Payment for the Disposal Consideration
The Disposal Consideration shall be satisfied by way of cash as follows:-

(i) upon execution of the SPA, the Purchasers have jointly deposited EUR2.0
million (equivalent to approximately RM9.86 million) as an option security
deposit (“Option Security”) into an escrow account of the appointed notary
(“Notary”) and the Purchasers are allowed to exercise an option to complete
the SPA on or before 30 September 2021 (“Purchasers’ Option”);
===========================================
(ii) upon exercising the Purchasers’ Option, 10% of the Disposal Consideration
or EUR8.10 million (equivalent to approximately RM39.93 million) (“Deposit”)
shall be paid by the Purchasers into the escrow account of the Notary. The
Option Security shall then be returned to the Purchasers;

(iii) the balance 90% of the Disposal Consideration shall be paid within 10 market
days after the Purchasers have received a written notice from the Notary
confirming all Conditions Precedent (as defined in Section 2.4(c) below) have
been fulfilled; and

(iv) notwithstanding the above, in the event the Purchasers’ Option is not
exercised on or before 30 September 2021, the Option Security shall be
released to the Vendor and the SPA will lapse.

Posted by smartgood > 2021-08-27 14:31 | Report Abuse

Those who said dividend is 2 cents so terrible. Don't do proper research and simply give wrong information.