Roy... Wishful thinking to 2,20 or based on news? Pls share specifically for others to evaluate and not just on 'hear say'. In sure the others would appreciate it. Thanks!
if u can get u r dam lucky... the company should be announcing soon. The Company has only two choices, i.e to acquire another company with the amount of cash it has or to declare dividend. Don't be suprise with the amount of dividend it will be declaring. Expect to be RM 1 to RM 1.30.
The price will shoot up first after announcment.. probably shoot till RM 2.50... and after payout will be adjusted to RM 1.50 (assuming paid RM 1). The announcement probably will be together with the quarterly announcement which is due this month. Sapu before announcement out.
We see clear value in ILB following the recent proposed disposal of its Shenzhen and Henan assets, which will result in ILB having a net cash per share of MYR2.19 versus current stock price of MYR1.81. This also means investors get ILB’s remaining business for free on top of the MYR2.19 net cash. Based on SOP, we derive a FV of MYR2.42, assuming 100% special dividend payout from the disposal gains.
Special dividends for investors? The potential total cash proceeds of around MYR332m (or 70% of MYR519.3m, net of minorities’ portion) will put ILB in a better position to strategise its future expansion plans. Moreover, investors can expect special dividends should it decide to reward its shareholders with a portion of the MYR177.9m net gain. Assuming a 100% payout, investors will gain MYR1.01 per share immediately, translating into a dividend yield of 55.2%.
Tripaka... u owe me a meal ya.. lol.... I believe will shoot up again.. My averag price below RM 1.60..will sell all when above RM 2.. dun wan to be greedy.. =)
lol... thanks all for the support.. Tripaka.. I am running le la.. Enough profit from ILB. Dun wan be greedy.. I will let others a chance to earn =) running tomorrow ...
Ah Xiao, Sold at 1.96. Made a bit. Guess some follow to sell. Important thing is profit at point of sale. Sold all instaco too. make some good gains too. bought in lbs-wa this morning but may release tomorrow if margins good. Feeling good today.
luyee, there is no reason to cut loss. ILB is now cash rich after disposing IL Shenzhen and IL Henan in China with estimated $400 million cash pile. Net cash per share is $2.19 , NTA per share is worth $2.13, now the share is only valued at $1.83, undervalued....is very possible they may annouce special dividend to shareholder if there is no plan to acquire any business, which seem unlikely they would if otherwise they will not dispose IL in China market. My own assessments. you think about it.
still a good time to buy, as cheeseburger said, on the valuation basis, dividends will be announced soon, once you are entitled for the div, sell the counter
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Abudance
2,211 posts
Posted by Abudance > 2013-07-30 17:15 | Report Abuse
Can post announcement that says giving out dividend over rm-, please?