everyboday can claim they have done something tremendously well.. but without valid proff..we just read la. I thought those who always condemn this stock surely not buying anything, why should they?... but all of sudden..claim winner... omg! Should be honest to ourself.
Potential bumper dividend for KPS after SPLASH sale, CIMB Research says TheEdge Mon, Aug 06, 2018 - 2 hours ago
KUALA LUMPUR (Aug 6): While the market this morning responded somewhat negatively to the potential sale of Syarikat Pengeluar Air Sungai Sdn Bhd (SPLASH) to Selangor's state at an offer price of RM2.55 billion cash as seen by the decline in share prices for Kumpulan Perangsang Selangor Bhd (KPS) and Gamuda Bhd, CIMB Research believes that KPS shareholders could benefit from a potential special dividend.
In a note Aug 5, CIMB analysts, Sharizan Rosely and Kamarul Anwar, pointed out that the takeover offer shows that total cash proceeds from KPS's 30% stake in SPLASH works out to RM765 million or RM1.42 per share, which is equivalent to 75% of its market capitalisation of RM1 billion.
"The RM570 million upfront cash portion from the sale of SPLASH would increase end-1Q18 cash of RM82 million by a whopping seven times to RM652 million. While the impact on earnings excluding the 30% share of SPLASH's net profit and the potential impairment is significant, we believe this is likely to be mitigated by a potential special dividend," they said in their note.
It added that the sensitivity analysis ran by CIMB research suggested a hypothetical special dividend yield of 3% to 17% if between 5% and 30% of the RM570 million upfront sale proceeds were paid as special dividends, and a whopping 28% dividend yield if 50% of cash were paid as a bumper special dividend.
Both Sharizan and Kamarul also noted that the development is not a loss to KPS, as the group can now be fully focused on executing its business transformation plan to unlock the full potential of its core businesses, thus creating long-term value and generating sustainable returns for the group.
As of writing, KPS's share price had fallen by 5.26% or 10 sen to RM1.80 with about 12.1 million shares traded, giving it a market capitalisation of about RM972.3 million.
my remisier said he cannot see( also from other dealers) that Companies Broker are selling KPS and Gamuda. When Company Broker accounts are used, LTH is selling. Could be Syndicate shorting today bcos the volume is huge by Kps standard
weird thing that can only happen in boleh land.. No puzzle at all.
this is the proff what Tun M saying all these while ...there are still many BN stounch supporters sitting inside government agencies and institutions.. That sabotage PH agenda. This the the crown achieventmenof of PH goovernment ..but flop...huhu.
Gamuda and KPS price drop nothing to do with retail investor..Only IB and fund instiution got that amount of shares to disposed..By the way, its not theirs..uncle and aunty hard earn money ler.
Hahaha. I said sailang, but i didnt ask people to buy. Show me the proof i asked people to buy like targetinvest did. Or else, u r still a loser of buying kps at high price. Pity u la. Need me to cover u?
Lazy to talk to u. U purposely cari pasal. I just ignore u n leave from this forum, kps, since i have proven tat i am right, no point to argue with u. Bye bye
JJchan This is just a "offer based willing buyer and willing seller"----Selangor Gov is making a Offer, kps will be announcing to Shareholders at 5:00pm------EGM will be called but needs time.
Those that "missed" the Boat are afraid Monday. limit-up then bang boss-----But i have a good suggestion ---Buy Puncak or Taliwarks today----Atleast can reduce some frustration on Monday 03/08/2018 11:26 <-- buy puncak u die until u siao today
JJchan the time frame for a yes/no deal is too short( 10Aug---Reply). How to arrange EGM? I think "maybe there is Counter-offer" afterall this is a political Deal----Azmin is a very shrewd operator------Gamuda obviously unhappy----Wan Azmi is also a politician
You don't want to give the maximum amount (looks bad to the Rakyat). Another Round give a little higher---looks much better 05/08/2018 20:11
JJchan Give 2-3 rounds goreng sure reach 3.50--4.00 05/08/2018 20:42
Datokim I am only interested the 1.9 billion will be paid upfront !!! That is enough for first limit up to 2.47 kikikikikiki I will park 2.12 million shares @3.21 which is the second limit up price till 10th Aug ! kikikikiki 04/08/2018 23:04 <--- Second limit up? at 3.21?
hold for dividend. after splash sold still have many water paip issue that government should give contact to fix it and kps should be once of it be benefits.
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Posted by Ron90 > 2018-08-06 14:27 | Report Abuse
everyboday can claim they have done something tremendously well.. but without valid proff..we just read la. I thought those who always condemn this stock surely not buying anything, why should they?... but all of sudden..claim winner... omg! Should be honest to ourself.