if the govt use wasia to takeover splash to ensure no water price hike, then the selangor people will vote bn to win back the state in the next election. This is the only chance to show that bn really take care the selangor people.
If offer RM2.7bil for equity, KPS will get RM810mil which is eq to RM1.62 cash per share.
Base on latest balance sheet, KPS has 130mil cash and 280mil borrowing, after disposal and net off bank borrowing, KPS still have RM660mil, which eq to RM1.32 net cash per share. I expect at least 50c special dividend.
selangor people don't care all this white/black/ red elephant... They only care their own living .... if their living has been disturbed , then they will do their own rights by vote them out in the election. With current living situation so stressful, they do not want any price hike anymore. Does the govt /fed or state dare to do it ?
selangor people don't care about how many pipe bocor ... is not their business. They just want free water and no price hike...... so the splash deal is not the right time to close before election ... have to bring forward after election.
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Posted by JJchan > Mar 25, 2017 07:51 PM | Report Abuse
Regardless what, contra players will sell on T+4 (Monday)but T=36.9m , T+3=31.72m(total vol) Question is Not sellers(already Drained) but are buyers coming back.....on Monday
a 15% discount to bv or 0.75xbv translate to a takeover offer of rm2.7 bil kps (30% stake) would receive rm816 mil means 1.63 per share. If pay 30% special dividend, means 50 sen per share dividend.
if the offer is 0.5 x bv (50% discount) , the takeover offer will be rm1.8 bil kps would receive rm540 mil or 1.08 per share .... 30% special dividend, means received 30 sen per share dividend.
0.5 bv is consider the highest discount compare to other state water asset takeover which is set at 1xbv.
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Posted by suregain > 2017-03-25 15:59 | Report Abuse
May i know how much dividen kps wil distribute if splash deal go thru?