Posted by DickyMe > 2023-07-29 11:12 | Report Abuse

I have been buying this stock for more than eight(8) years.
Every month top up when it was sleeping.
Collected the last special dividend.
Sold 80% of stock at 82 sen.
Current holding is at "no cost".
I will top up again if it slides again.
One of the best in my portfolio. You need "tokong" like patience.

Posted by Dehcomic01 > 2023-07-29 11:21 | Report Abuse

The ROE seems to be trending up over the decade. So it must be doing something right

Posted by firehawk > 2023-08-02 00:03 | Report Abuse

Proposed Special Dividend = 0.10
Proposed Capital Repayment = 0.75
Total = 0.85

Upon completion of the Proposed Disposal, PICB may be classified as a “Cash Company” and/or an “Affected Listed Issuer”. If so, the continuous listing of PICB on the Main Market of Bursa Securities is dependent on the ability of the Board and management to formulate a regularisation plan within the stipulated period.

Posted by cuhar > 2023-08-02 08:55 | Report Abuse

up to this point in time PELIKAN management did not make any announcement regarding EGM or how they are going to distribute the profits of the recent deal to the shareholders.

Posted by CharlesT > 2023-08-02 09:28 | Report Abuse

Likely will move to 0.90-1.00+, which is 0.10-0.20+premium above the SD/CR amount (0.85)

Posted by CharlesT > 2023-08-02 09:30 | Report Abuse

They will submit their proposal to Bursa for approval by end of Aug.

Will take another one to two months for Bursa's approval. Then will call for EGM.

The whole exercise is estimated to be completed by Q4.

Posted by CharlesT > 2023-09-07 09:06 | Report Abuse

EGM 29 Sep

One step closer

Posted by goldenluck16 > 2023-09-13 10:21 | Report Abuse

Target price RM 1. Accumulate.

Posted by CharlesT > 2023-09-29 16:31 | Report Abuse

EGM approved

Posted by phoenixqueen > 2023-10-02 11:10 | Report Abuse

price drop after egm approved

Posted by firehawk > 2023-10-02 16:00 | Report Abuse

If buy @0.90, after getting the 85sen dividend, left 5 sen as cost .... a sure win bet, after div, could be 10sen or more ......

Posted by carimakan > 2023-10-16 10:32 | Report Abuse

pelikan ni boleh smp harga rm4 tak? macam menarik la..

Posted by DickyMe > 2023-10-20 09:52 | Report Abuse

50 sen coming soon!
Going to sleep for years!

Posted by Dehcomic01 > 2023-11-12 10:02 | Report Abuse

Pelikan – have you missed the boat?

Pelikan is a Bursa global stationery company. In terms of revenue, it is about 3 times larger than my reference stationery company – Asia File. However, except for the past 2 years, its ROE was worse than that of Asia File for the past decade. Refer to the following for Asia File https://focusmalaysia.my/asia-file-will-there-be-time-to-meet-the-digital-disruption-challenge/

Pelikan share price has recent over the past 2 years to reflect its better ROE as can be seen from the chart. I am not sure whether you would have missed the boat from a fundamental perspective https://i.postimg.cc/1tMk6dH4/Pelikan.png

Posted by phoenixqueen > 2023-11-15 11:13 | Report Abuse

based on the movment of the share, i think deal is not done

Posted by soon9913 > 2023-11-17 09:22 | Report Abuse

buy now keep for 2 months to get back the 100% capital.... then let the free stocks run for you at no cost.

Posted by soon9913 > 2023-11-19 16:52 | Report Abuse

deadline is by Dec 2023 and shareholders had approved the disposal ady

Posted by soon9913 > 2023-11-19 16:53 | Report Abuse

the co will distribute 85cents to shareholders and remain some cash for future biz..

Posted by soon9913 > 2023-11-19 16:53 | Report Abuse

it is no brainer deal to buy now

Posted by taitaumau > 2023-11-27 14:22 | Report Abuse

fyi,
An extract from 3 Qtr report (24/11/23) - Page 10

A15. Status of Corporate Proposals (cont’d)
Shareholders’ approval on the Proposed Disposal and Proposed Distribution has been obtained via Extraordinary General Meeting (“EGM”) on 29 September 2023. Barring any unforeseen circumstances and subject to all requisite approvals being obtained, the Board expects the Proposals to be completed by the 1st quarter of 2024.

- targeted date of fulfilment of CP to be further delayed ???, instead of 31/12/23 as announced on 19/10/23

Posted by CharlesT > 2023-11-28 09:17 | Report Abuse

" The Board expects the Proposals to be completed by the 1st quarter of 2024"

I think the above refers to the completion of capital return n special div distribution,

Anyway, till todate it seems the Co has yet to conclude the fulfilment of CP....... yet to annouce so

Posted by CharlesT > 2023-11-28 09:21 | Report Abuse

Reference is made to the Company’s announcement dated 30 June 2023 and subsequent announcements in relation to the Proposals (“Announcements”) and the circular to shareholders of PICB in relation to the Proposals dated 7 September 2023 (“Circular”). For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Announcements and Circular.

Pursuant to the CSPA dated 29 June 2023 entered into between Vendors, PBS and the Purchaser (“Parties”), the Conditions Precedent shall be satisfied by 31 October 2023 (“Long Stop Date”).

On behalf of the Board, KAF IB wishes to announce that the Parties have on 19 October 2023 entered into an amendment to the CSPA to mutually agreed to extend the Long Stop Date from 31 October 2023 to 31 December 2023.

This announcement is dated 19 October 2023.


One month to go.........if they couldnt make it by 31 Dec 2023 then it may not look good

Posted by soon9913 > 2023-11-28 09:52 | Report Abuse

As per the latest quarterly report, it says target completion by Q1 2024

Posted by phoenixqueen > 2023-11-28 10:21 | Report Abuse

die lo if u see the throw down today

Posted by soon9913 > 2023-11-28 12:19 | Report Abuse

next TP 80cents..

Posted by soon9913 > 2023-11-28 12:19 | Report Abuse

not sure if the deal can still be cancelled... if cancelled then next TP 50cents

Posted by tomanhead > 2023-11-28 13:33 | Report Abuse

The deal sure jadi one ….,If after fulfilment or waiver of all of the Conditions Precedent, due to the fault of any of the parties, any of the Closing Actions is not performed, such party shall pay a contractual penalty in the amount of €6,000,000 to the Purchaser or Vendors, as the case may be. If the fault was on the Purchaser‟s side, the payment of the contractual penalty shall be made by forfeiting the Escrow Amount for the Purchaser and paid out to the Vendors. If the fault was on the Vendors' side, the payment of the contractual penalty shall be made by transferring the said penalty to the Purchaser's bank account.

Posted by phoenixqueen > 2023-11-28 14:22 | Report Abuse

we all expected it to jadi , but it keeps dragging , delaying, postpone, and made it full of uncertainty, and share price keeps dropping

Posted by SeekingValue > 2023-12-08 21:32 | Report Abuse

Final hurdle completed...cause of the delay

https://www.bundeskartellamt.de/SharedDocs/Meldung/EN/Pressemitteilungen/2023/05_11_2023_Hamelin.html;jsessionid=C1AF5BCD020DB657055A49D8E947E54D.1_cid509?nn=3591568

Posted by ziyang8896 > 2023-12-11 09:23 | Report Abuse

Why no movement of the share price?

Posted by CharlesT > 2023-12-11 09:29 | Report Abuse

Have to wait for the official annoucement from Pelikan that this is a done deal.........

Posted by CharlesT > 2023-12-11 09:45 | Report Abuse

From the risk reward perspective,

if it's a no go (I think it's rather unlikely but the possibility is still there), the price will plunge, even a limit down....

If it's finally go thru u still can buy at few cents higher.....

Anyway yr money yr say....place yr bets pls

Posted by soon9913 > 2023-12-12 21:21 | Report Abuse

it will go in 3.mths time

Posted by CharlesT > 2023-12-14 14:55 | Report Abuse

On behalf of the Board, KAF IB wishes to announce that both the Vendors and the Purchaser have on 13 December 2023 confirmed that all the Conditions Precedent under the CSPA have been fulfilled or waived and hence the CSPA has become unconditional. The Board has also confirmed that the Disposal Consideration less the Escrow Amount has been received by the Vendors on 14 December 2023. Accordingly, the Proposed Disposal is completed and the Disposed Companies as well as eCom Logistik GmbH (which the Vendors and Purchaser have agreed will not be one of the Excluded Companies to be carved out pursuant to the Proposed Transfer) have ceased to be the subsidiaries of the PICB Group.


This announcement is dated 14 December 2023.

Posted by CharlesT > 2023-12-14 14:55 | Report Abuse

Done deal.

Posted by soon9913 > 2023-12-14 15:09 | Report Abuse

wow when can get the money back?

Posted by CharlesT > 2023-12-14 18:19 | Report Abuse

Capital repayment of rm0.75 ex on 28 Dec

Posted by calvintaneng > 2023-12-14 23:27 | Report Abuse

Pelikan

Buy call 47 sen

After 20 sen cash payment

Cost 27 sen

Already up by more than 200%

Now 75 sen dividend

This shows investing in Asset play is one of sucessful investment

Posted by calvintaneng > 2023-12-14 23:30 | Report Abuse

Bplant another chun chun asset play

Buy call 57 sen
After 24 sen dividend

Cost 33 sen only

Ltat offers Rm1.55 to take Bplant private

So from 33 sen to Rm1.55 is up 369%

And after Bplant other potential asset plays are Thplant & Tsh Resources

Posted by calvintaneng > 2023-12-15 07:45 | Report Abuse

PELIKAN (5231) : AN ASSET PLAY NOW GIVING OUT 75 CASH PAYOUT: CHUN CHUN BUY CALL: CALVIN TAN
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-12-15-story-h-212400680-PELIKAN_5231_AN_ASSET_PLAY_NOW_GIVING_OUT_75_CASH_PAYOUT_ANOTHER_CHUN_C

Posted by soon9913 > 2023-12-15 09:08 | Report Abuse

how is the special div of 10cents? not announce yet

Posted by DickyMe > 2023-12-15 12:06 | Report Abuse

For information purposes, the Proposed
Capital Repayment will be implemented by way of a capital reduction and
repayment exercise of RM0.75 for each PICB Share held by the entitled
shareholders, pursuant to Section 116 of the Act, as approved by PICB's
shareholders on 29 September 2023 and confirmed by the High Court of Malaya on
7 November 2023.

Posted by CCFCanDream > 2023-12-15 16:07 | Report Abuse

If I buy the shares now, am I still entitled to the dividend of 75 cents? When is the payment date?

Posted by CCFCanDream > 2023-12-15 16:55 | Report Abuse

Next question: Does anyone know if there is any special rule for the stock trading price on the ex-dividend date for any large dividend payment, e.g. would the stock price be reduced by the amount of dividend payable?

Posted by chonghai > 2023-12-18 21:32 | Report Abuse

CCFCanDream There is no such rule but after deduction of cash of 75 cents per share, the company will have a reduction in cash asset in similar amount and therefore market will make adjustment accordingly

Posted by soon9913 > 2023-12-19 15:05 | Report Abuse

this stock will hit rm1 at least..

Posted by soon9913 > 2023-12-19 15:06 | Report Abuse

nta in Dec 23 closing will definitely more than rm1 ady

Posted by soon9913 > 2023-12-19 15:06 | Report Abuse

expanding biz and net cash in hand after this.

Posted by DickyMe > 2023-12-19 19:12 | Report Abuse

Sold off and moving to other stock. This has been a drag for nearly 9 years. Bye-bye!

Posted by soon9913 > 2023-12-22 17:10 | Report Abuse

waiting cash back ma, div will be declare soon also. ... can get all money in Q1-2024 .. can wait 9 years cannot wait 2 months