Recent KPS financial result is good despite absent of splash profit. KPS have turnaround into very diversify business and sustainable earning forward. Pending conclusion splash completion, right time to enter at current level, awaiting for special dividend later.
The extension for completion to divest splash is until end of Mar, these date is coincide with KPS to declare final dividend for financial end 2018.
Highly possible KPS to declare special dividend together with its final dividend together.
Remark: KPS, which owns 30% of SPLASH, is expected to receive an upfront cash payment of RM570 m or about RM1.06 per share with the remaining RM195 million to be paid in installments over a period of 9 years. This would increase the cash and bank balances for KPS to RM736m from RM166m.
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Posted by upsidedown119 > 2019-02-19 16:10 | Report Abuse
Next announcement of new contract and you can't buy fast enough.