I am looking at the NAV, only RM0.47. If based on this and returned 0.44 special dividend / capital repayment? What will be the next NAV? Is it still maintaining listing? Right now, everybody is looking at payout? Any future business for REV?
Obviously there will be a selldown after the divs, but newsflow will keep this stock afloat i.e. expectations of potential collaborations with the Catcha Group.
Some room to move forward, everybody can make some, price is still in the positive side. Congratulation to everybody! Fantastic cash payout and it is too high to resist.
"However, as announced on 24 May 2017 and 20 May 2017, the Company together with its major shareholder Catcha Group Pte Ltd are exploring opportunities related to internet cities across the Asia region."
CI Holdings comes to mind. It was a shell company after selling Permanis to Asahi. Share price continued to trend upwards even after the div distribution following the sale.
In REV's Circular, it also states that the Board intends to maintain the listing status of Rev Asia. Why would you maintain a listing status of a shell company? Unless you already have a plan for it. These are the sort of conjecture one need to have to make money. Rev is no longer something that can be judged on pure accounting alone.
Fundamentals alone don't move stocks. That is a fact!
Kosong company? Really? Hmmm...Pretty sure catcha as master developer of KLIC must hold some sort of value here. Isn't that already being announced some months back?
KUALA LUMPUR: Shares of REV Asia surged to a near three-month high of RM1 on Thursday after it announced a special single-tier dividend of 44 sen a share.
At midday, shares of the digital media group was up 26.5 sen to RM1, the highest since May 9, 2017. It was actively traded with 30.16 million shares done.
The FBM KLCI was up 0.11 point or 0.01%to 1,770.70. Turnover was 959.57 million shares valued at RM757.95mil. There were 263 gainers, 332 losers and 446 counters unchanged.
REV Asia's dividend of 44 sen for the financial year ending Dec 31, 2017 will go ex on Aug 14 and payable on Aug 28.
In May, Rev Asia announced plans to distribute the bulk of the cash proceeds from the sale of its 70% stake in Rev Asia Holdings Sdn Bhd to its shareholders as cash dividend three months from the completion of the disposal of the stake to Media Prima Bhd.
Rev Asia said it was selling its 15.828 million shares in Rev Asia Holdings, which is involved in digital media, to Media Prima for RM73.5mil. Of the amount, RM59mil will be distributed to shareholders.
Youth Asia Sdn Bhd is selling the other 30% stake in Rev Asia Holdings for RM31.50mil to Media Prima.
“The proposed disposal represents the disposal of the advertising and internet social media business undertaken by Rev Asia Holdings Group to Media Prima,” said Rev Asia.
@ gushan, yes the risks are there. Will there be a sell down post ex? Yes. This is probably a given.
But this is not just a special div play. The Company as a whole is remodeling itself, akin to a restructuring.
What will be left of the Company? It has been stated clearly in the Circular that it would very well end up being a PN17 company. As with all PN17 companies, they have a 12-month period to submit a regularisation plan. Bear in mind that not all PN17 companies are bad.
The Board has stated that it intends to maintain the listing status. Why maintain it if there are no plans in place already?
As mentioned earlier (verbatim from Circular): "However, as announced on 24 May 2017 and 29 May 2017, the Company together with its major shareholder Catcha Group Pte Ltd are exploring opportunities related to internet cities across the Asia region."
Rev will be a nice clean "shell" with no legacy issues to take on a new role together with Catcha Group.
I don't usually say much on this forum. But I'm laying out the facts. I'm not saying buy blindly, but make an informed decision.
@kennyku My broker said that I am entitled to the dividend if I sell on the ex-date (Aug 14) as long as I purchased it before that date. Please correct me if I am wrong because I am new to this as well. Thank you.
I think it's wise to take note that they also specify on the time which is 5pm (market close) on the entitlement day. Basically you must hold your share until that time which would entitle you for the .44 dividend. You can only sell it on the next business day which I believe most of them will be throwing their shares which would cause a downfall on the price.
kennyku: pls b careful!! Take comments below into acct: [ CharlesT Basing on rm0.50 a share after ex sd og rm0.44,this empty shell is valued at rm65m+...is it expensive? 03/08/2017 17:28
CharlesT I think the answer is yes...for ace board co 03/08/2017 17:30
CharlesT Just a pump n dump play capitalising on special div of rm0.44...mayb some jokers may even dream of this every year....lol]
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....
cscheong
23 posts
Posted by cscheong > 2017-08-03 12:15 | Report Abuse
its going to the limit