already announced, directors mau deal during closed period :) expect some actions
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD ANN JOO RESOURCES BERHAD
Type Announcement Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD Description Notice of intention to deal during closed period Pursuant to paragraph 14.08(a) of Main Market Listing Requirements, Dato' Lim Kiam Lam, a Director of Ann Joo Resources Berhad ("AJR"), has given notice of his intention to deal in AJR securities, during closed period pending announcement of AJR's financial results for the fourth quarter of 2018. His direct interest in AJR are 5,153,150 ordinary shares (0.957%) and 1,792,887 redeemable convertible cumulative preference shares (2.039%) and indirect interest in AJR are 258,412,632 ordinary shares (47.968%) and 61,258,000 redeemable convertible cumulative preference shares (69.662%) .
Notice of Sale or Cancellation of Treasury Shares Pursuant to Section 127 of CA 2016 ANN JOO RESOURCES BERHAD
Date of shares sold from 31 Dec 2018 to 31 Dec 2018 Currency Malaysian Ringgit (MYR) Number of treasury shares sold/transferred/distributed (units) 1,045,000 The minimum price at which the treasury shares were sold ($$) 3.120 The maximum price at which the treasury shares were sold ($$) 3.120 Total consideration received for the treasury shares sold ($$) 3,260,400.00 The name of the Stock Exchange through which the treasury shares were sold BURSA MALAYSIA SECURITIES BERHAD Total number of shares still in treasury (units) 21,190,900 Number of treasury shares cancelled (units) 0 Total issued capital as diminished 538,720,514 Date of Notice 03 Jan 2019 Date lodged with registrar of companies 07 Jan 2019 Lodged by LEONG OI WAH
ANNJOO Financial Information Market Capital (RM) : 739.08m Number of Share : 559.91m EPS (cent) : 30.73 * P/E Ratio : 4.30 ROE (%) : 12.80 Dividend (cent) : 19.000 ^ Dividend Yield (%) : 14.39 Dividend Policy (%) : 60 Details NTA (RM) : 2.400 Par Value (RM) : 1.000
* Calculated based on the net profit of the trailing twelve months and latest number of shares issued. ^ Total dividend amount declared for financial year ended 2017-12-31.
REMARKS (Fantastic Dividend Policy) The Board of Ann Joo Resources Berhad ("AJR" or "the Company") wishes to announce that the Company has adopted a dividend policy. The Company targets to payout 60% of its net profit after minority interest annually as gross dividends. Would take into account its cash level, marketable financial assets and level of indebtedness, required and expected expense, cash flows, profits and return on equity and retained earnings before declaring the dividend payments. It would also consider its own operational results, projected levels of In addition, the level of franking credits or exempt account income available to the Company to distribute dividends in a tax-efficient manner may also limit the amount of dividends.
“Let’s take Ann Joo, for example. Bear in mind that the steel industry is volatile, and this has affected Ann Joo’s share price movement as well. Its dividend yield will increase further if the share price continues to fall,” he added.
Ann Joo has a 12.75% dividend yield based on the 19 sen dividend per share for the financial year ended Dec 31, 2017 and closing price of RM1.49 as of Nov 9. Year to date (YTD), the steelmaker’s share price has plunged 59.8% to close at RM1.55 last Friday.
Malacca Securities head of research Victor Wan said in view of the current challenging environment, he is advising investors to focus on companies that pay good dividends as they are stable in terms of their share price.
“Dividend [stocks] should be seriously considered because it hedges against the current weak market conditions. If anything happens to your portfolio, at least you will get cash flow [dividends] and a stable share price,” Wan added.
Maybe, this year, shareholders will receive the treasury shares as share dividend haha
Treasury shares During the quarter under review, there were no cancellations, resale or repurchase of any treasury shares. As at 30 September 2018, out of total 559,911,414 issued paid ordinary shares, 22,235,900 shares were held as treasury shares at an average price of RM3.22 per share.
DIVIDENDS PAID The following dividends were paid during the current and previous corresponding financial year ending: 30.9.2018 30.9.2017 First interim dividend For the financial year ending/ended 31 December 2018 31 December 2017 Approved and declared on 27 August 2018 22 August 2017 Date paid 27 September 2018 21 September 2017 Number of ordinary shares on which dividends were paid (‘000) 537,676 510,226 Interim dividend per share (single-tier) 6 sen 6 sen Net dividend paid (RM’000) 32,261 30,614 Second interim dividend For the financial year ended 31 December 2017 31 December 2016 Approved and declared on 23 February 2018 21 February 2017 Date paid 21 May 2018 19 May 2017 Number of ordinary shares on which dividends were paid (‘000) 535,049 505,680 Interim dividend per share (single-tier) 13 sen 9 sen Net dividend paid (RM’000) 69,557 45,511 First semi-annual RCPS dividend For the financial year ending/ended 31 December 2018 31 December 2017 Approved and declared on 25 May 2018 23 May 2017 Date paid 21 June 2018 16 June 2017 Number of RCPS on which dividends were paid (‘000) 88,974 118,745 Dividend per share (single-tier) 1.25 sen 1.25 sen Net dividend paid (RM’000) 1,112 1,484
expecting the forced sale dato to beli balik some shares, lose face after being forced to sell shares by the bank haha
6556 ANNJOO ANN JOO RESOURCES BHD Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Particulars of Shareholder 36
Name : LIM KIAM LAM NRIC/Passport No./Company No. : - Nationality/Country of Incorporation : Malaysia
Address: -
Descriptions (Class and Nominal Value): Ordinary Shares
Name and Address of Registered Holder: You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com
Details of Changes
Date of Notice : 30/01/2019
Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 28/01/2019 Disposed 29,300 - 2. 29/01/2019 Disposed 345,100 -
Circumstances by reason of which change has occurred: Disposal of pledged shares by the bank. The disposal is not the Director'sintention to deal.
Nature of Interest: Direct Interest
Consideration:
No of Shares Held After Changes: Direct : 5,153,150 shares (0.9570%) Indirect/Deemed Interest : 258,134,632 shares (47.9160%) Total : 263,287,782 shares
Remarks: Disposal by the Bank of 374,400 shares (0.069% of the issued shares thatwere pledged and not intention to deal.)This announcement also serves to complywith paragraph 14.08 of the Main Market Listing Requirements of Bursa MalaysiaSecurities Berhad.You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
2018 Steel Price Forecast As the world’s leader in steel production, China has a strong influence on the steel industry as a whole. Two years ago, China’s massive steel output tanked steel prices as supply greatly outweighed demand. As we noted last year, Chinese production was set to decelerate as the Chinese economy shifts away from manufacturing and infrastructure and toward services. This trend is expected to continue as Chinese officials announced last year that the country will decrease steel production by more than 165 million tons by 2020.
31-Jan-2019 Insider DATO' LIM KIAM LAM (a substantial shareholder) disposed 680,000 shares on 30-Jan-2019. 31-Jan-2019 Insider DATO' LIM KIAM LAM (a company director) disposed 680,000 shares at 1.292 on 30-Jan-2019. 30-Jan-2019 Insider DATO' LIM KIAM LAM (a substantial shareholder) disposed 345,100 shares on 29-Jan-2019. 30-Jan-2019 Insider DATO' LIM KIAM LAM (a substantial shareholder) disposed 29,300 shares on 28-Jan-2019. 30-Jan-2019 Insider DATO' LIM KIAM LAM (a company director) disposed 345,100 shares at 1.317 on 29-Jan-2019. 30-Jan-2019 Insider DATO' LIM KIAM LAM (a company director) disposed 29,300 shares at 1.380 on 28-Jan-2019. https://klse.i3investor.com/servlets/forum/800001173.jsp
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KAQ4468
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Posted by KAQ4468 > 2019-01-14 09:35 | Report Abuse
good buy ??
where ?
what price ??
80 cents boleh la ...kikikiki