You are in UMW & SPB. Both my favourites. Both very good fundamental counters. Now if you have extra money for a one year view get some MP Corp on weakness. MP Corp will be at least 2 baggers
Deeply valued. If we apply a 30-35% discount to its RNAV, in line with our valuations for mid-tier property developers, the stock could be valued at MYR8.01-8.62, offering investors a 38-49% upside to the current price.
Thks, sklyte! Not much info after googling. I bought & kept bcos it has huge landbanks. And NTA is double its price. The only PT I saw is $6.60. Today, it dipped 19cts.
your are not on alert at all. SPB already made announcement dated on 6th August 2014 on the extension of time for the execution of SPA until 30th September 2014.
The announcements made by the Company on 3 March 2014 and 6 June 2014 relating to the Proposed Disposal refers. (Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcements dated 3 March 2014 and 6 June 2014 in relation to the above matter.) The Company wishes to announce that the Parties have mutually agreed to extend the deadline for the execution of the SPA in respect of the Proposed Disposal to 30 September 2014. This announcement is dated 6 August 2014.
SPB released great news when market hit a low... great time to accumulate... NAV will easily reach a conservative RM7.00 by last quarter of 2015...More income from launching of properties in Gombak n Selayang
To recap, the recent completed land sale of 6.34 acres at MYR1,629 psf at Pusat Bandar Damansara - Damansara Heights (on 30 September 2015)and progress of MRT works should trigger a re-rating of Selangor Properties’ RNAV. MRT and plot ratio expansion could encourage redevelopment of its existing office buildings.(12 acres).
-It is the largest land & asset owner in Damansara Heights. With strategic landbank in Pusat Bandar Damansara – Damansara Heights, adjacent to 2 MRT stops along MRT Blue Line, SPB’s RNAV could grow by RM11.71 in 3-5 years. (at RM1, 300psf)
-Very illiquid counter but very solid company. Potential M&A/privatisation candidate - major shareholder Kayin Holdings holds its stake to 68.23% as at 31 October 2015
-Undemanding valuation with gross cash and short term investments of RM1268.74 million. Net cash and short term investments is around RM1027.95 million, as at 31 October 2015, which translates to RM2.99 per share, or 53.8% of the current share price.
-Proposed a single tier first and final dividend of 50 sen per ordinary share, comprising 12 sen ordinary dividend and 38 sen special dividend, in respect of the financial year ended 31 October 2015, share price should be supported by dividend yield ^9%^.
This 12 sen ordinary dividend plus 38 sen special dividend (total 50 sen) -- there is no ex-date yet, right? I believe it needs to be approved by the shareholders first. Based on previous SPB dividends, the ex-date tends to be in April, with the payment given out the following month.
Selangor Properties is one of the remaining old school counters on KLSE. I remember this name from when I was a child. In the early 70s, RTM's Rangkaian Biru in English used to have a segment called "Share Market Report" around 6.30pm or so. The announcer would read out the counters one by one. Not just the closing price but also the day's movements! Newspapers would publish these too - prices with the number of lots in brackets). Gradually, due to the number of counters, it became impractical.
Final Single-Tier Dividend 12 Sen & Special Single-Tier Dividend 38 Sen
Entitlement Details: Final Single-Tier Dividend of 12.0 sen per Ordinary Share of RM1.00 eachand a Special Single-Tier Dividend of 38.0 sen per Ordinary Share of RM1.00each for the financial year ended 31 October 2015
Entitlement Type: Others Entitlement Date and Time: 05/04/2016 05:00 AM Year Ending/Period Ending/Ended Date: 31/10/2015 EX Date: 01/04/2016 To SCANS Date: Payment Date: 15/04/2016
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....
passerby
2,877 posts
Posted by passerby > 2012-09-11 17:45 | Report Abuse
Dear System Admin,
The summary for this counter seems inaccurate. Appreciate if you could fix it.