Tomorrow investors in KULIM will be rich and very happy. At time of writing NBPOL has risen 73.5%, yes 73.5 and volume traded has increased 10 fold. Well done people!
old news Special dividend in store? From our understanding, Kulim has not identified any asset to acquire using the proceeds from the sale of QSR, which increases the likelihood that Kulim will return the cash to shareholders in the form of a special dividend, much like what it did with the proceeds from sale of Natural Oleochemicals. To recap, Kulim stands to receive RM1.1bn from sale of its QSR stake, which if fully paid out as dividend, will result in a special dividend of 87 sen per share.
dont worry, the major shareholde Jcorp is buying recently. The indirect subsidiary EA Tech is been approved listing while Sime is buying NBPOL in premium. Kulim is a cash rich co now. 16/10/2014 11:06
if u google that (i accidently found it using other keyword searching for NBPOL earning contribution)and click on the EDGE news, it's a dead link. Anyone know wat is the earning contribution fr NBPOL?
WOW I FEEL EVERYONE IS HAPPY.........KULIM SHARED ABOUT 80 SEN FROM ITS DISPOSAL OF QSR, FIGURE NEAR TO THAT MENTIONED BY OUR FRIEND FISHBONE. THE SALE OF NBPOL WILL YIELD MORE THAN RM2/SHARE FOR EACH KULIM SHARE............THEN EVERYONE WILL BE HAPPIER................CHEERS. DUSTI
pushparaj...78sen to be distribute in 2 years by stages. If distribute quarterly, then probable is 9.75sen per quarter. If RM500mil put in FD for 3%, then the 2nd year can get interest of RM15mil and if been distribute to shareholders, the 2nd year dividend may be 10sen. Only calculate base on the 1bil profit for the sales excluding other profit income and assume that the BOD keep their promise.
Kulim Bhd announced that it has received the formal offer document for shares in New Britain Palm Oil Ltd (NBPOL) from Sime Darby Bhd. In the absence of a superior offer, the Board of Directors of Kulim Bhd have agreed to present the proposed disposal of NBPOL to the shareholders of Kulim at an extraordinary general meeting (EGM). Kulim also announced that it would be distributing RM1bil out of the disposal
Kulim also announced that it would be distributing RM1bil out of the disposal proceeds of RM2.75bil as dividends. However, the dividends of RM0.78/share would be staggered over two years. There were no details on how the dividends would be staggered.
About RM850mil of the disposal proceeds will be used for investments and capital expenditure. Part of the RM850mil will be used to finance the group’s plantation and oil and gas ventures in Indonesia.
Another RM600mil of the disposal proceeds will be used to repay bank borrowings. According to the Bursa Announcement, the repayment of borrowings is expected to generate interest savings of RM25.5mil per year. Gross gearing is estimated to decline from 0.4x to 0.2x.
The independent directors of NBPOL have recommended NBPOL’s shareholders to accept Sime Darby’s cash offer in the absence of a superior proposal. In their view, Sime’s offer is fair and reasonable.
Sime’s cash offer of GBP7.15/share is within the independent adviser’s fair market value range of GBP7.00/share to GBP7.50/share.
As Kulim would only be receiving its proceeds from the disposal of NBPOL at the end of the year, we reckon that the additional or special dividends would only be paid next year.
Kulim is expected to record a gain of RM1.56bil from the disposal of NBPOL.
Kulim’s cost of investment in NBPOL was RM216.4mil.
Many analysts have lowered their average CPO price forecast to RM2,400-RM2,500 per tonne for this year and next.
CPO prices is down 9% year-to-date to RM2,194 a tonne on Friday.
RHB Research in a recent report says it is cutting its average CPO price assumption for 2014-2015 to RM2,400/RM2,500 per tonne from RM2,700/RM2,900 previously. Maybank Research, meanwhile, has a price assumption for 2015-2016 at RM2,600 per tone for CPO, according to an early October report.
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....
Ahmad Muhammad Johari
88 posts
Posted by Ahmad Muhammad Johari > 2014-09-22 09:28 | Report Abuse
way to go pirates.
TP 9.85
http://www.thestar.com.my/Business/Business-News/2014/08/05/Hold-call-on-Sime-Darby/