Posted by hng33 > 2019-12-12 15:43 | Report Abuse

Add more paramount at 1.26

Posted by hng33 > 2019-12-12 16:09 | Report Abuse

What is needed now is time, awaiting for special dividend, and be rewarded handsomely.

Posted by Ester1 > 2019-12-24 12:02 | Report Abuse

Confirm ah by Dec 2019? Few more working days oo

Posted by Ester1 > 2019-12-24 12:03 | Report Abuse

The volume doesnt reflect its going to be announce soon

Posted by huat888 > 2019-12-26 22:23 | Report Abuse

Announcement today. Proposed Disposal is expected to be completed by the first (1st) quarter of year 2020.

Posted by warrior > 2019-12-27 05:51 | Report Abuse

All conditions met, save an approval written letter from Ministry of Education

Posted by CharlesT > 2019-12-27 06:48 | Report Abuse

Delayed

Posted by warrior > 2019-12-27 07:36 | Report Abuse

Yes, delayed, not failed.

Posted by CharlesT > 2019-12-27 08:35 | Report Abuse

Looks like no angpao for cny...

Posted by Ester1 > 2019-12-27 11:16 | Report Abuse

No handsome reward for CNY....

Posted by warrior > 2019-12-31 19:34 | Report Abuse

On behalf of the Board of Directors of Paramount, RHB Investment Bank Berhad wishes to announce that all conditions precedent as set out in the SPA in relation to the Proposed Disposal have been met, save for the written approval from the Ministry of Education. In this regards, the Cut-Off Date has been automatically extended for another two (2) months, i.e. up to 19 February 2020, in accordance with the terms and conditions of the SPA.



In view of the above, the Proposed Disposal is expected to be completed by the first (1st) quarter of year 2020.



This announcement is dated 26 December 2019.

Posted by Atlan > 2020-01-04 22:38 | Report Abuse

Patience pays

Posted by warrior > 2020-01-05 08:29 | Report Abuse

1
30/12/2019
20,000
Acquired
Direct Interest
Name of registered holder Chew Sun Teong
Description of "Others" Type of Transaction
Consideration (if any) RM1.21 per share


2
31/12/2019
20,000
Acquired
Direct Interest
Name of registered holder Chew Sun Teong
Description of "Others" Type of Transaction
Consideration (if any) RM1.22 per share


3
02/01/2020
20,000
Acquired
Direct Interest
Name of registered holder Chew Sun Teong
Description of "Others" Type of Transaction
Consideration (if any) RM1.23 per share

Posted by Ester1 > 2020-01-08 12:03 | Report Abuse

No news on the approval letter? Waiting for new Education Minister first?

Posted by warrior > 2020-01-12 08:10 | Report Abuse

Jeffrey Chew keeps buying.

Posted by Kenny Yap > 2020-01-14 15:17 | Report Abuse

Buy more fast, before announcement!!!

Posted by oneteamwalk > 2020-01-14 15:19 | Report Abuse

Go go go

Posted by Atlan > 2020-01-14 16:26 | Report Abuse

Big angpow coming.

Posted by oneteamwalk > 2020-01-14 18:11 | Report Abuse

Wow

Posted by Atlan > 2020-01-14 18:38 | Report Abuse

Still more rooms to up until announcement. By cny

Posted by Kenny Yap > 2020-01-14 22:02 | Report Abuse

Smart guys don't wait...

Posted by oneteamwalk > 2020-01-14 22:19 | Report Abuse

Sell

Posted by warrior > 2020-01-15 04:49 | Report Abuse

Stay calm

Be realistic.

The future of Paramount is just so so, after special dividend, it will be just around RM1

Posted by CharlesT > 2020-01-15 10:26 | Report Abuse

Sales not yet completed oredi give angpao...

Posted by hng33 > 2020-01-15 10:47 | Report Abuse

sold back all at 1.40

Posted by Kenny Yap > 2020-01-15 10:55 | Report Abuse

Be reminded that announcement of pen-up by Government & 30 cent dividend are yet to announce. More room to go...

Posted by Kenny Yap > 2020-01-15 10:57 | Report Abuse

Look at the volume now, big fishes are not yet coming in. Perhaps after the firm news.

Posted by warrior > 2020-01-15 11:05 | Report Abuse

Long time did not see those sharks.

Posted by Atlan > 2020-01-15 11:05 | Report Abuse

Those in is forum should b paramount investors. Those coming here to add cold water is pure investor as he try to lure people to sell when it is obviously a time to buy. He buys.

Posted by hng33 > 2020-01-15 12:29 | Report Abuse

bought back paramount at 1.34-1.35

Posted by enid888 > 2020-01-15 15:27 | Report Abuse

The sales of the education arm which consists of SriKDU, KDU International School and REAL Schools would generate profit of RM487.81mil. After the completion of the sales, they is still another corporate exercise waiting in the pipeline.

The buildings which house University of Wollongong (UOW) Glenmarie, UOW Batu Kawan, KDU College Penang and KDU College Damansara are still owned by Paramount and they are merely rented out to the respective college operators. The premises are kept under one company and eventually the company will be turn into a REIT company. The exercise will again bring in another huge profit when the premises are revalued.

Posted by Kenny Yap > 2020-01-23 09:49 | Report Abuse

OPR cut benefits Property sector...

Posted by warrior > 2020-01-24 20:04 | Report Abuse

Kenny Yap, True,

But just mildly.

Posted by Ester1 > 2020-01-28 10:28 | Report Abuse

Any news on the progress of the approval from the ministry? 19 Feb not that far now...

Posted by Kenny Yap > 2020-01-28 17:41 | Report Abuse

We refer to the Company’s announcements dated 20 June 2019, 13 September 2019 and 26 December 2019 in relation to the Proposed Disposal (“Announcements”). Unless otherwise defined, the abbreviations and definitions used in the Announcements shall apply herein.

On behalf of the Board of Directors of Paramount, RHBIB is pleased to announce that the last condition precedent to the SPA, i.e. the approval from the Ministry of Education in respect of the Proposed Disposal has been obtained.

In view of the above, the parties to the SPA have confirmed that the SPA has become unconditional on even date.

This announcement is dated 28 January 2020.

Posted by warrior > 2020-01-28 21:13 | Report Abuse

Finally!

Posted by Teo Cher Ming > 2020-01-29 00:11 | Report Abuse

SD coming in q4 announcement? Hmm

Posted by Ester1 > 2020-01-29 09:42 | Report Abuse

Yes!! Finally its coming!!

Posted by Ester1 > 2020-01-29 09:48 | Report Abuse

If SD 0.3, will the price jump to 1.5-1.7 area?

Posted by Hoo SH > 2020-01-29 10:18 | Report Abuse

got final dividend for last Q before the Special dividend...

Posted by 1099 > 2020-01-29 11:06 | Report Abuse

Yes, maybe will around 35 cents per share together with SD.

Posted by hng33 > 2020-01-29 15:16 | Report Abuse

The proposed disposal includes 69.7% of Paramount Education Sdn Bhd, 80% of Paramount Education (Klang) Sdn Bhd and 80% of Sri KDU Sdn Bhd, for RM134.5 million, RM21 million and RM385 million, respectively.

The proposed disposal is expected to result in a pro-forma gain on disposal of RM487.81 million, which will be utilised for special dividend distribution (RM177 million), acquisition of landbank (RM150 million), repayment of borrowings (RM133.65 million) and working capital (RM57.85 million). Paramount’s total borrowings stand at RM1.09 billion.

Posted by hng33 > 2020-01-29 15:19 | Report Abuse

The disposal will allow paramount to realize gain EPS = 82sen/share and declare special dividend 30sen/share. The declaration of special dividend will be anytime from now.

Posted by hng33 > 2020-01-29 16:11 | Report Abuse

add more paramount at 1.33

Posted by Ester1 > 2020-01-29 16:18 | Report Abuse

Im out of bullet... manage to accumulate a few from 1.2-1.26...

Posted by hng33 > 2020-01-29 17:09 | Report Abuse

Don miss the LAST chance on Paramount upcoming special dividend 30sen/sen and record EPS gain 82sen on disposal, a massive incremental value on current market price now at RM 1.35.

Now is courting down time to announce special dividend 30sen/share soon.

Posted by Ester1 > 2020-01-30 08:53 | Report Abuse

The SD price mentioned in the news is 40.8 sen. Huhu need to topup more

Posted by seenyou > 2020-01-30 09:12 | Report Abuse

Wouldn't the share price fall 40.8 sen after though? For long term investing, is it even worth holding?

Posted by Ester1 > 2020-01-30 09:23 | Report Abuse

Why bother to ask? Try to fry some bilis is it?

It is normal for price to fall after SD just look at AirAsia for example.

Worth holding or not depend on ur own judgment.

Posted by hng33 > 2020-01-30 10:07 | Report Abuse

sold back some paramount at 1.42-1.43