Good that my estimation is correct from my previous statement.
powerwk Deal will sure on. They have done so many ins and prepare for it so no way back. I could be wrong but that what I strongly believe. If nothing happen before mid November then consider I'm wrong.
Next, the value of the share after distribute the dividend should at a bear minimum of 0.3 ( inclusive of building and other asset ) in next year or so the building value and other asset value may increase over time too. Therefore 0.4 as mention by some bro above may happen too.
i think they sell some shares in other(certain) stock exchanges and have gain some value to the net assets of the company.. good news loh... correct me if i'm wrong.
Well apparently they have sold some of the shares that they are holding - refer to my post . Jobstreet owned more than RM190 Mil worth of shares overseas . The biggest being 104 Corporation in Taiwai which they owned almost RM100 Mil worth of shares. http://www.bloomberg.com/quote/3130:TT . Read the Jobstreet annual report .
Distribution should be RM 2.69 based on the (RM1,562.8 million - RM 33 million) . Note that RM369.9 million has been set off from the total Sales Proceed as part of the distribution for 19.92% shares held by Seek. There should be another dividend for the 3 months accounts due to the delay in CSC assessment. All in all it should be RM 2.72- RM2.75 (if we set off the treasury shares).
Which CFO you refer to? Gregory Charles..... Hmmmm does not look good to me. Something might not right..... If the dividend is at least 2.62 and the after dividend remaining asset worth 0.4 it does not make sense for him to sell the share at this point of time. Look like need to monitor closely. Thanks numm for sharing this information. Did not pay attention to it.
He urgently need more capital for a very profitable business opportunity, that's why he sold it. Imagine he disposes Jobst, and invests it other business that generate 50% net profit. I'll sell it too.
Some updates : 104 Corporation (3130.TPE) has hit all time high at TWD 140 ! . Which means the 7.63 Million Shares Jobstreet held is around RM 120 Million ...
That's for the disposal of Jobstreet core business to SEEK. Finally. We have been waiting for some time. Just want to check with you guys, the RM2.65 is tax exempted?
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....
matrix6050
1,265 posts
Posted by matrix6050 > 2014-11-03 14:18 | Report Abuse
big volume today :)