No dividend to be declared by Litrak. That's term from Amanat. Now we all can only wait for the process of "Gulung Tikar" completed in order to receive distribution from the campany
23/09/2022.Projek Smart Holdings Sdn Bhd (''Issuer'').Islamic Medium Term Notes Facility of up to RM250.0 Million in nominal value: Notice of Resolution of the Proposed Early Redemption.
Gamuda results soon...maybe more clarity then.....if the deal didn't close in June, there's holding cost of 2% or something i.e. final deal price could be higher than 5.08
Additional Listing Announcement /Subdivision of Shares 1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal ESOS Details of corporate proposal Exercise of share options No. of shares issued under this corporate proposal 34,000 Issue price per share ($$) Malaysian Ringgit (MYR) 4.6800
2. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal ESOS Details of corporate proposal Exercise of share options No. of shares issued under this corporate proposal 6,000 Issue price per share ($$) Malaysian Ringgit (MYR) 4.1800
3. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal ESOS Details of corporate proposal Exercise of share options No. of shares issued under this corporate proposal 1,000 Issue price per share ($$) Malaysian Ringgit (MYR) 3.5100
4. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal ESOS Details of corporate proposal Exercise of share options No. of shares issued under this corporate proposal 2,000 Issue price per share ($$) Malaysian Ringgit (MYR) 3.9400
Latest issued share capital after the above corporate proposal in the following Units 540,611,618 Issued Share Capital ($$) Malaysian Ringgit (MYR) 280,763,638.310 Listing Date 25 Oct 2022
Why waiting? Do you know why? ..... opportunity to buy @3.51, 3.94, 4.18, 4.68 .......
Refer to the circular issued in July 22 - Para 5.1 Distribution to shareholders (estimated at $5.09) will be in two forms (a) Special dividend $4.54 (within 45 days) (b) Capital Repayment $0.55 (within 12 mths)
Yes. The distribution has been defined in the circular. By declaring a special dividend of RM4.57, Litrak would have distributed about 90% of the RM5.08 sales proceed within 45 days of completion date. The remaining RM5.08 - RM4.57 = RM0.51 will be distributed within 12 months, plus maybe 1 or 2 sen of accrued interest.
Litrak should not trade above RM5.08 tomorrow. After ex date of 10 Nov, it should not trade above RM0.51.
May i ask what will happen to the share price of Litrak after EX Date of their Special Dividend? Will their share price be revised or drop down from RM5 to just RM 0.51 sens?
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....
2Invest
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Posted by 2Invest > 2022-09-19 18:10 | Report Abuse
Dear Speakup.
No dividend to be declared by Litrak. That's term from Amanat. Now we all can only wait for the process of "Gulung Tikar" completed in order to receive distribution from the campany