Rogers123, you got my respect . As expected sell on news . Alll the news released prior to announcement but price not sky rocket. From there need to be caution instead of called limit up.
Hi rogers123. You mentioned that you short KPS. I'm interested in learning how to short. Could you kindly share which online broker you use? Thank you.
"In the event that 50% of the upfront sale proceeds received from the disposal of SPLASH is paid as a bumper special dividend, shareholders could see a dividend per share of 53 sen which works out to a whopping yield of about 29.6% based on KPS’ closing price of RM1.79 yesterday." http://www.theedgemarkets.com/article/bumper-dividend-cards-kps-splash...
KUALA LUMPUR (Aug 7): Shares in Kumpulan Perangsang Selangor Bhd (KPS) rose 1.68% in active trade at mid-morning today on a report of a possible bumper dividend payout for its shareholders.
At 10.25am, KPS rose 3 sen to RM1.82 with 1.74 million shares done.
The Edge Financial daily today reported that while the Selangor government's offer to buy out Syarikat Pengeluar Air Sungai Selangor Sdn Bhd's (SPLASH) water treatment assets at RM2.55 billion is at a 28% discount to its net book value of RM3.54 billion as at June 30 this year, shareholders of KPS on the other hand could see a bumper dividend payout.
According to CIMB Research analysts Sharizan Rosely and Kamarul Anwar, the impact on earnings excluding the 30% share of SPLASH's net profit and the potential impairment is significant but this is likely to be mitigated by a potential special dividend.
Based on the offer, Pengurusan Air Selangor Sdn Bhd will make an upfront payment of RM1.9 billion upon the signing of the definitive agreement with the remaining RM650 million being paid in instalments over a period of nine years.
KPS, which owns 30% of SPLASH, is expected to receive an upfront cash payment of RM570 million or about RM1.06 per share with the remaining RM195 million to be paid in instalments over a period of nine years. This would increase the cash and bank balances for KPS to RM651.6 million, an increase of 7.99 times from RM81.6 million as at March 31 this year.
In the event that 50% of the upfront sale proceeds received from the disposal of SPLASH is paid as a bumper special dividend, shareholders could see a dividend per share of 53 sen which works out to a whopping yield of about 29.6% based on KPS's closing price of RM1.79 yesterday.
A fund manager with a local asset management agreed with CIMB Research that a bumper dividend is likely to be given out to shareholders given the strong cash balance following the disposal of SPLASH.
Give some good news so that shorters think twice of shorting.Too high risk for them. Build up confidence before pushing up with dividend announcement. Patience is a virtue!
Despacito: r u mentioned about me? I just tried to advise u based on my view, teach u to think out of the box. I always act oppositely against majority. This is the reason y i got targetted. Jjchan n datokim who highly recommended u to buy, now all disappear after the sell down. From my view, i think kps is a good stock. I wont give any comment on kps anymore. Bye bye
Hengyuan i sold at very high price when everyone chase to buy it. Because i believe there is no free lunch in the market. I start collecting hengyuan at 6.20++. After this round, i wont buy hengyuan anymore
relax bro dont cucuk2 laa mkt is up, ... sooner or later kps will go up...in my book probably just few more weeks probably witin 3 to 4 weeks we all will be laughing to the bank...relax n enjoy the show
Agreed, no need to be angry. Eventually KPS will reward its loyal holders. Don't forget we already enjoy bonus dividend and normal dividend this year...
something fishy about this counter ... institutions seem not buy the high dividend story.
maybe thursday will get suspension again for the board meeting..that would be the final verdict. Lets see tomorrow, if now show than be prepared for the second waterfall.
good company shall use the proceed for expansion and generating more income in the future..i doubt they will throw big dividend as suggest by most IB, which they olso dont believe..hehe.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Stephenloo
195 posts
Posted by Stephenloo > 2018-08-06 22:01 | Report Abuse
http://www.klsescreener.com/v2/news/view/414060
based on another rumors