I also like Naim. Please to remind that the 18 sen is from sales of lands allocation. The share price will be deducted accordingly once EX. Happy trading.
@jutawansenyap high 5! I have faith in Naim and it's way undervalued. Can definitely break $1 soon. I don't have the appetite for appasia high risk high gain.
Buy and hold as Oct 6 meeting for Egm is next week
Sale of lands is a given since the buyer is Sarawak Govt
This will be the blue print for Naim
1. Oct 6 Egm approval for sale of Lands will unlock Rm340 millions cash
2. Rm340 million about 68 sen cash
3. From 68 sen cash will then come 18 sen cash to be given as reward to share holders
4. This dividend is not a one off as there is still 50 sen left for settlement of borrowings completion of shopping malls and building of more affordable houses for sale
5. Along side Sarawak Govt Rm2.95 billion cash received for Bintulu development will create jobs. This augurs well for sale of Naim houses
6. So with incoming revenue from future 2500 housing sale Naim could repeat and resume it's dividend paying years
REMEMBER BUYING NETX AT 15 SEN IS MUCH SAFER THAN BUYING INTO NAIM AT 80 SEN. YES U WILL BE GETTING ONE TIME GOOD DIVIDEND ON NAIM BUT REMEMBER AFTER U GET THE DIVIDEND ITS SHARE PRICE WILL BE ADJUSTED MAH..!!
NAIM HAS MORE THAN RM 500M BORROWING BUT NETX HAS CLOSE TO RM 80M NETCASH WITH NO BORROWING MAH...!!
Just buy anything 15.5 sen & below for netx loh...!!
Profit of more than 100% is not that difficult for netx mah....the current share had being consolidated...ALL SIGN GO IS FLASHING NOW MAH!
Posted by stockraider > Oct 1, 2020 10:07 AM | Report Abuse X
The support for Netx is 12.5 sen
The upside for Netx is more than 35 sen
The probability of winning and expected value of winning for netx exceed 100% mah...!!
DO NOT LET BARKING DOGS, BARK U OUT COMPLETELY OUT OF BIG MONEY MAKING OPPORTUNITY NETX LOH...!!
Posted by stockraider > Oct 1, 2020 9:58 AM | Report Abuse X
Why netx perfectly safe now leh ??
1.Its net cash is more than share price mah..!!
2. Netx already make monies the latest qtr.
3. Netx is own by big share organization who will not let the share to be low for too long loh...!!
4. If u buy Netx your cost will be even lower than the major shareholders mah...!!
5. The apps blockbuster development already show sign of success mah..!!
6. The consolidation exercise had shake out most of its weak holders.
7. Enormous money making opportunity coming with little risk loh...!
8. Netx is in the fortunate technology growth industry mah..!
In an announcement on Friday it was revealed that a subsidiary of Naim Holdings (the company’s updated name) is selling two parcels of vacant land measuring some 405.6 hectares in Bintulu, Sarawak to the state controlled Sarawak Economic Development Corp (SEDC) for RM340 million (to enable a dividend to shareholders).
The purchase by the Sarawak Government owned SEDC represents a massive profit (RM115 million) for this vacant land, which the company has owned but done nothing with for 7 years. Property dealers point out the state government body has paid nearly RM1 million per hectare, whereas state land is usually sold for more in the region of RM300 per acre. Lucky intermediary Naim Holdings.
As everyone knows, there is a long and eye-popping history of the SEDC being used to channel huge sums
Quick take: Naim rises 2.2% on dividend plan TheStar Mon, Aug 03, 2020 09:16am - 1 month ago
KUALA LUMPUR: Shares in Naim Holdings Bhd rose in early trade following its plan to use RM90mil from land sale as dividend.
The property developer rose 2.27%, or two sen to 90 sen, its highest in two weeks, with 1.86 million shares done.
The group intends to utilise RM90mil of the proceeds from the sale of industrial land in Bintulu for cash dividend payout to its shareholders.
This translates into a dividend per share of about 18 sen based on the company’s 500.74 million shares in issue (net of 13.06 million treasury shares).
Naim said the cash dividend is to reward shareholders for their investment and continued
support of the group.
On July 17, Naim’s wholly-owned subsidiary, Petrochemical Hub Sdn Bhd had entered into a sale and purchase agreement (SPA) with Sarawak Economic Development Corporation (SEDC) for the proposed disposal of two parcels of vacant land with a total area of approximately 405.6 hectares in Bintulu, Sarawak for RM340mil.
totally agreed with calvin. I've started to accumulate Naim shares since they announced the 18 sen despite it is yet to be approved. my dividend yield should be more than 20%. In the current unstable market, this is a free money for us!. somemore, they said they will dispose quarry this year too to return dividend to shareholder.
slow and steady tan sri calvin.....up until dividend announce then we sell,no need to take the dividend cos after ex will be like butaland and harnlen....hehe
what if current price of 83sen is already inclusive of a premium of 18sen dividend? Back in June price supported at 65sen. I do agree the present price is still way undervalued though.
The biggest problem with property developers are large unused land banks in this post covid times They drag financials due to interest servicing and provide no revenue Selling off Rm340 mil of this for a company with market cap of 400 mil is kinda of a game changer Accumulate on weakness
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....
apolloang
18,163 posts
Posted by apolloang > 2020-09-30 15:11 | Report Abuse
kaya liao tan sri calvin…..hehe