PELIKAN (5231) Overview - PELIKAN INT.CORPORATION BHD

RM 1. 05 coming soon!

2023-06-20 23:01

SD + Capital return 0.85

Intends to maintain listing status

2023-06-30 10:12

wakarimas

market no excited for it.

2023-06-30 10:25

Syndicates

happy lor drop more return more

2023-06-30 10:26

If the deal went thru u will get 0.85+ goreng goreng after Ex date

2023-06-30 10:49

faridfet

The stock shooting up 130% since Jan 2023. Market already expect that Pelikan will be striking a bigger divestment deal.

Buy on rumours, sell on news.. now news almost confirm already..

2023-06-30 12:06

Likely will be another round of goreng after Ex Date.

To play safe, buy after EGM

2023-06-30 12:52

wakarimas

know when is the egm?

2023-07-02 21:27

Not so soon, maybe 3 to 4 months later

2023-07-03 12:04

what is the chance the deal being called off?

2023-07-05 23:43

In all cases which I noticed over the years, where the Co intended to maintain listing status in Bursa, their price normally would trade at 0.10-0.20 above the Special Div/ Capital Return sum after the Co's annoucement.

The most recent example was SCGM (declared SD RM1.85+ Cap Return RM0.36= RM2.21). The Co's share price trade ard RM2.40+ after the Co's annoucement on 09 May 2022. I think the price never stay below RM2.21 since then until the Ex dates.

Anyway, after EX SD N Capital Return of RM2.21, SCGM's price was being pushed up to the highest RM0.70+ and its RM0.585 now.

2023-07-06 12:45

Only for those Co who doesnt intend to maintain listing status (or to go for privatisation), their share prices will be few cents below Special Div/ Capital Return after the annoucement till the delisting date.

So Pelikan is a very weird case. Or investors are not confident with the deal???

2023-07-06 12:53

Pelikan will be a net cash Co (Rm130M+) or ard RM0.20+per share upon completion of all these, assuming the deal went thru.

2023-07-06 12:56

FinanceInRealLife

Post removed.Why?

2023-07-06 19:43

Upup168

hold on to this. it will be a bonus to shareholders..

2023-07-07 08:42

it is good buy if the deal can pass thru.

2023-07-08 19:10

Seems like it is gradually eroding and preparing for hibernation.

2023-07-20 17:52

lee0909

这里有人收来等拿股息的吗

2023-07-25 08:54

2023-07-25 20:01

lee0909

哈哈你买价多少，打算多少钱卖？

2023-07-28 16:39

I have been buying this stock for more than eight(8) years.
Every month top up when it was sleeping.
Collected the last special dividend.
Sold 80% of stock at 82 sen.
Current holding is at "no cost".
I will top up again if it slides again.
One of the best in my portfolio. You need "tokong" like patience.

2023-07-29 11:12

Dehcomic01

The ROE seems to be trending up over the decade. So it must be doing something right

2023-07-29 11:21

firehawk

Proposed Special Dividend = 0.10
Proposed Capital Repayment = 0.75
Total = 0.85

Upon completion of the Proposed Disposal, PICB may be classified as a “Cash Company” and/or an “Affected Listed Issuer”. If so, the continuous listing of PICB on the Main Market of Bursa Securities is dependent on the ability of the Board and management to formulate a regularisation plan within the stipulated period.

2023-08-02 00:03

calvintaneng

Hi guys

Pelikan buy call was 47 sen & target Rm1.00

Now 86 sen plus 20 sen special dividend it is Rm1.06

See

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-10-21-story-h1592824634-PELIKEN_5231_An_Asset_Play_now_unlocking_its_Value_by_Asset_Disposal_an

SO IT HAS GONE ABOVE TARGET PRICE

SELL AND SWITCH TO PALM OIL SHARES BETTER

FINAL DECISION IS YOURS

Note: Call buy for Texchem was 50 sen and above Rm1.00 told all to take profit but people overpaid for Texchem above Rm3.00. Now all chased Texchem have suffered big loss as price crashed back to Rm1.04

2023-08-02 00:16

cuhar

up to this point in time PELIKAN management did not make any announcement regarding EGM or how they are going to distribute the profits of the recent deal to the shareholders.

2023-08-02 08:55

Likely will move to 0.90-1.00+, which is 0.10-0.20+premium above the SD/CR amount (0.85)

2023-08-02 09:28

They will submit their proposal to Bursa for approval by end of Aug.

Will take another one to two months for Bursa's approval. Then will call for EGM.

The whole exercise is estimated to be completed by Q4.

2023-08-02 09:30

EGM 29 Sep

One step closer

2 months ago

goldenluck16

Target price RM 1. Accumulate.

2 months ago

EGM approved

2 months ago

price drop after egm approved

1 month ago

firehawk

If buy @0.90, after getting the 85sen dividend, left 5 sen as cost .... a sure win bet, after div, could be 10sen or more ......

1 month ago

carimakan

pelikan ni boleh smp harga rm4 tak? macam menarik la..

1 month ago

50 sen coming soon!
Going to sleep for years!

1 month ago

Dehcomic01

Pelikan – have you missed the boat?

Pelikan is a Bursa global stationery company. In terms of revenue, it is about 3 times larger than my reference stationery company – Asia File. However, except for the past 2 years, its ROE was worse than that of Asia File for the past decade. Refer to the following for Asia File https://focusmalaysia.my/asia-file-will-there-be-time-to-meet-the-digital-disruption-challenge/

Pelikan share price has recent over the past 2 years to reflect its better ROE as can be seen from the chart. I am not sure whether you would have missed the boat from a fundamental perspective https://i.postimg.cc/1tMk6dH4/Pelikan.png

2 weeks ago

based on the movment of the share, i think deal is not done

2 weeks ago

buy now keep for 2 months to get back the 100% capital.... then let the free stocks run for you at no cost.

1 week ago

deadline is by Dec 2023 and shareholders had approved the disposal ady

1 week ago

the co will distribute 85cents to shareholders and remain some cash for future biz..

1 week ago

it is no brainer deal to buy now

1 week ago

taitaumau

fyi,
An extract from 3 Qtr report (24/11/23) - Page 10

A15. Status of Corporate Proposals (cont’d)
Shareholders’ approval on the Proposed Disposal and Proposed Distribution has been obtained via Extraordinary General Meeting (“EGM”) on 29 September 2023. Barring any unforeseen circumstances and subject to all requisite approvals being obtained, the Board expects the Proposals to be completed by the 1st quarter of 2024.

- targeted date of fulfilment of CP to be further delayed ???, instead of 31/12/23 as announced on 19/10/23

2 days ago

" The Board expects the Proposals to be completed by the 1st quarter of 2024"

I think the above refers to the completion of capital return n special div distribution,

Anyway, till todate it seems the Co has yet to conclude the fulfilment of CP....... yet to annouce so

1 day ago

Reference is made to the Company’s announcement dated 30 June 2023 and subsequent announcements in relation to the Proposals (“Announcements”) and the circular to shareholders of PICB in relation to the Proposals dated 7 September 2023 (“Circular”). For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Announcements and Circular.

Pursuant to the CSPA dated 29 June 2023 entered into between Vendors, PBS and the Purchaser (“Parties”), the Conditions Precedent shall be satisfied by 31 October 2023 (“Long Stop Date”).

On behalf of the Board, KAF IB wishes to announce that the Parties have on 19 October 2023 entered into an amendment to the CSPA to mutually agreed to extend the Long Stop Date from 31 October 2023 to 31 December 2023.

This announcement is dated 19 October 2023.

One month to go.........if they couldnt make it by 31 Dec 2023 then it may not look good

1 day ago

As per the latest quarterly report, it says target completion by Q1 2024

1 day ago

die lo if u see the throw down today

1 day ago

next TP 80cents..

1 day ago

not sure if the deal can still be cancelled... if cancelled then next TP 50cents

1 day ago

tomanhead

The deal sure jadi one ….,If after fulfilment or waiver of all of the Conditions Precedent, due to the fault of any of the parties, any of the Closing Actions is not performed, such party shall pay a contractual penalty in the amount of €6,000,000 to the Purchaser or Vendors, as the case may be. If the fault was on the Purchaser‟s side, the payment of the contractual penalty shall be made by forfeiting the Escrow Amount for the Purchaser and paid out to the Vendors. If the fault was on the Vendors' side, the payment of the contractual penalty shall be made by transferring the said penalty to the Purchaser's bank account.

1 day ago