Posted by Start_0f_the_bull > 2021-10-11 20:59 | Report Abuse

Once the deal is completed the additional EPS of 30c will be reflected in next QR.

Posted by papaya > 2021-10-12 23:11 | Report Abuse

most indicators on bullish mode....waiting to booommmm.....kikikikikih

Posted by putolim > 2021-10-13 10:44 | Report Abuse

wait for very long time d....

Posted by Start_0f_the_bull > 2021-10-13 12:42 | Report Abuse

One day up 0.5c then by Friday could be 47.5c. Very good already.

Posted by putolim > 2021-10-14 10:14 | Report Abuse

Start to move again with volume. Announcement coming soon

Posted by Bizfuneng > 2021-10-14 14:34 | Report Abuse

What announcement? Wasn't it was done!

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

The shareholder circular

Posted by Sinoboy > 2021-10-15 13:59 | Report Abuse

@putolim. Any idea when the circular will be given?

Posted by putolim > 2021-10-18 09:48 | Report Abuse

Still waiting. Should be within this week.

Posted by Sinoboy > 2021-10-18 12:30 | Report Abuse

Tks

Posted by papaya > 2021-10-18 15:57 | Report Abuse

kasi mencanak satu kali.......kikikikikikih

Posted by DickyMe3 > 2021-10-18 15:59 |

Post removed.Why?

Posted by DickyMe3 > 2021-10-18 15:59 | Report Abuse

Bulan depan QR ..kemudian DIVIDEN 20%%% YAHOOOOOOOOOO!!!!

Posted by Start_0f_the_bull > 2021-10-18 16:51 | Report Abuse

Read the earlier announcement. Additional EPS of 30c was mentioned there.

Posted by Sinoboy > 2021-10-18 17:38 | Report Abuse

Still can buy lor, bull just starting

Posted by SparroKing > 2021-10-18 22:04 | Report Abuse

is the special dividend approved yet ?

Posted by Hafid > 2021-10-19 10:18 | Report Abuse

Already approved ..

Posted by Sinoboy > 2021-10-20 09:44 | Report Abuse

Red, profit taking...

Posted by putolim > 2021-10-20 11:19 | Report Abuse

Not approved yet but waiting for circular to shareholder to approve the proposal

Posted by Sinoboy > 2021-10-20 11:59 | Report Abuse

Speculative play, Monday's gain may be erased...

Posted by mahmudkashimj > 2021-10-20 18:58 | Report Abuse

wait for lower price.

Posted by free808 > 2021-10-21 11:38 | Report Abuse

any news of disposal asset/property - oversea?

Posted by Start_0f_the_bull > 2021-10-21 19:18 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3202459

Need shareholders to vote to agree/disagree on the disposal of the property.

Posted by calvintaneng > 2021-10-21 19:22 | Report Abuse

Very good news for all
Go vote & you shall receive 20 sen special dividend

Posted by Hafid > 2021-10-21 21:03 | Report Abuse

For pelikan if buy below rm0.40 is the safest. Now is after the sepcial dividend may go down again

Posted by tomanhead > 2021-10-21 21:25 | Report Abuse

egm only for disposal and lease back only,no mention of dividend

Posted by calvintaneng > 2021-10-21 22:05 |

Post removed.Why?

Posted by Start_0f_the_bull > 2021-10-21 22:51 | Report Abuse

Gain on asset disposal 30c per share.
Share price now 47.5c. Special dividend 20c.
Moreover last announced QR 2.98c EPS and upcoming QR most likely the same or more after schools already opened in Germany.
How much can it drop on the trading day of ex dividend later? Think wisely.

Posted by HIGHCHAPERAL > 2021-10-22 08:45 | Report Abuse

I am very worried about the board of directors of pelikan. This company has changed hands many times. The Board consists of people who may just turn around and cancel the dividend of 20c.

Posted by 651158 > 2021-10-22 08:53 | Report Abuse

never mind just buy in little big of share to keep maybe today limit up le, company share also not many

Posted by Start_0f_the_bull > 2021-10-22 09:23 | Report Abuse

HIGHCHAPERAL
This is only an assumption that nobody knows or can predict.

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

Mana ada limit up leh

Posted by TryMakeGoodBuy > 2021-10-22 15:35 | Report Abuse

dividend already factored into share price

Posted by Sinoboy > 2021-10-22 16:05 | Report Abuse

Now 50 sen. If sell have profit

Posted by Sinoboy > 2021-10-22 16:05 | Report Abuse

No need dividend. Uncertainty about it

Posted by Bizfuneng > 2021-10-22 16:05 | Report Abuse

So 50 sen, are you selling? Haha....

Posted by calvintaneng > 2021-10-22 16:14 | Report Abuse

Dividend factored only in the price short term from 20 sen extra

Don't forget total cash released over 60 sen of which 30 sen is net profit

There is still 30 sen land value unlocked plus extra 10 sen free cash

So there is still room for upside

Still got 4 more assets of value to dispose to unlock more cash for dividends

Posted by Sinoboy > 2021-10-22 20:48 | Report Abuse

Selling assets to pay dividends is a sure bad sign.
Dividends payable should be derived from profits of sales of products ...

Posted by powerman > 2021-10-22 21:31 | Report Abuse

Bad sign if selling asset not pay dividend

Posted by Start_0f_the_bull > 2021-10-22 22:58 | Report Abuse

Unused cash received from the profit made from the sale of asset to be paid out as dividend to shareholders instead of keeping it to the company itself shows that the company is sincere to reward its shareholders.

Posted by Start_0f_the_bull > 2021-10-22 23:18 | Report Abuse

Sinoboy Just curious, which is bigger. Faber castell or pelikan. Both are german companies I think...
11/10/2021 8:53 PM
Sinoboy @putolim. Any idea when the circular will be given?
15/10/2021 1:59 PM
Sinoboy Still can buy lor, bull just starting
18/10/2021 5:38 PM
Sinoboy Now 50 sen. If sell have profit
22/10/2021 4:05 PM
Sinoboy No need dividend. Uncertainty about it
22/10/2021 4:05 PM
Sinoboy Selling assets to pay dividends is a sure bad sign.
Dividends payable should be derived from profits of sales of products ...
22/10/2021 8:48 PM
---------------------------------------------
The boy bought probably bought the share between 11 Oct 21 and 15 October 21 and he sold it before 4.05pm today.
I guess he is planning to buy back if the price falls below 49c next week (if it happens).
Anyway, wish him good luck.

Posted by Sinoboy > 2021-10-23 08:56 | Report Abuse

Mr bull, you should consider a career in fortune telling lol

Posted by BURSAMASTER > 2021-10-24 11:28 | Report Abuse

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-10-21-story-h1592824634-PELIKEN_5231_An_Asset_Play_now_unlocking_its_Value_by_Asset_Disposal_an.jsp

Posted by purple70 > 2021-10-24 18:06 | 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 assusming 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!

Posted by afauzi80 > 2021-10-24 18:16 | Report Abuse

up

Posted by calvintaneng > 2021-10-24 19:33 | 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

Posted by Start_0f_the_bull > 2021-10-24 22:54 | Report Abuse

Purple, just check again your email or just straight away register yourself for the EGM.

Posted by purple70 > 2021-10-25 00:49 | Report Abuse

Thanks ..Start!

Posted by Sinoboy > 2021-10-25 13:01 | Report Abuse

Good volume :)

Posted by Hafid > 2021-10-25 21:41 | Report Abuse

With ikhlas capital on the helm sure the road to recovery is there