Posted by yong17 > 2014-04-09 09:44 | Report Abuse

why the share price will be 2.50 after the special dividend？confused here

Posted by 2767max > 2014-04-09 10:05 | Report Abuse

How much will the share price be ? It will depend on the closing share price one day before x date,if the share price on that day is RM5.00,than after price adjustment on the x date will be RM5.00 - RM2.50 = RM2.50.

Posted by coffeepimple > 2014-04-09 10:28 | Report Abuse

arvin6 thanks. but some how the shares price will change. thanks anyway

Posted by Wiwangwang > 2014-04-09 10:34 | Report Abuse

If what I guess is true . The company sure already acquire some making money business . This morning those who already sell of in higher price then now the start buying back . I sure waiting for the special dividend ... N waiting announcement for the new business .

Posted by 2767max > 2014-04-09 10:56 | Report Abuse

ZenZenD,if u bought in yesterday at RM4.05 for one thousand units,n u hold until after the dividend x date,u will get RM2500,thus your holdig cost for the one thousand units will be RM4050 - RM2500 = RM1550.How much the price will be in future must see what business HDBS is going to do,so far HDBS has not made any announcement regarding this,maybe they still searching or on the way of aquire some other business n pending for announcement.

Posted by ImCK > 2014-04-09 10:58 | Report Abuse

they paid up RM2500 special dividen not bad

Posted by kennyjack > 2014-04-09 11:04 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/04/09/Windfall-from-HwangDBS-Company-to-pay-special-dividend-of-RM250-a-share/

HDBS sale of its investment banking business to Affin. new business, which will be named “Affin-Hwang” . I would like to ask what happened to shareholder of HDBS..if two company is merging?

Posted by 2767max > 2014-04-09 11:23 | Report Abuse

This is not a merging,HDSB sold its investment banking business to Affin, share holders of HDSB will get RM2.50 dividend per unit of the share he/she holds. The name of "Affin-Hwang" will use by Affin bank for two years,after that Affin will decide to continue using"Affin - Huang" or change to other name they want.

Posted by nsk82 > 2014-04-09 11:27 | Report Abuse

PN17 (? possible) after HDBS sold assets to Affin & Alliance bank.

Of course, that will be after the payment of speecial dividend like Jobstreet

Posted by ZenZenD > 2014-04-09 11:32 | Report Abuse

2767max...Tks for the info. Wud u say it's better to hold or sell off now if there is profit in hand already?

Posted by kennyjack > 2014-04-09 11:37 | Report Abuse

Thanks Max for the explanation. HDBS have six business segments and Affin is just bought one of the segments which is investment banking bussiness. correct me if i'm wrong.

Posted by 2767max > 2014-04-09 11:46 | Report Abuse

Zen,only u yourself can answer this question,it depends on what u want n your investment style...and your strengthen of your fund too n also how confident u are with HDBS management.Ask yourself if u satisfy with current profit,than u can sell it and may switch to other counters,but if u think that u have the confident with the HDBS management,than u may wait to collect the special dividend n see what the management's new direction for the company,hope that i answer your question.

Posted by ZenZenD > 2014-04-09 11:48 | Report Abuse

2767max....point noted. Tks again

Posted by 2767max > 2014-04-09 12:04 | Report Abuse

Kenny n Zen,it's ok,i just share what info i had n my points of view.

Posted by bbdd > 2014-04-09 13:57 | Report Abuse

Sorry to ask, why the price will have to minus off the dividend Rm 2.5 after ex date?

Posted by member41 > 2014-04-09 14:12 | Report Abuse

Cos management paying out this Amt to shareholders

Posted by cherry tomato > 2014-04-09 14:25 | Report Abuse

disposed core business later will it become PN17?

Posted by NeutRal > 2014-04-09 14:27 | Report Abuse

2767max, how would the price being adjusted?
direct minus 2.50 after dividend pay out?
or slow reduce in Bursa counter?

Posted by bbdd > 2014-04-09 14:40 | Report Abuse

It this confirmed on the minus? Normally for dividend also will be minu after ex date? Sorry newbie here.

Posted by 2767max > 2014-04-09 14:44 | Report Abuse

NeutRal,
The x date for this special dividend fall on 21 April 2014,on this date the price will be adjusted.How much it will be adjusted will base on closing price on 20 April 2014. Let us assume closing price on 20 April 2014 is RM5.00,due to the dividend given was RM2.50,thus the adjusted price on 21 April 2014 will be RM5.00 - RM2.50 = RM2.50

Posted by JadenG > 2014-04-09 15:51 | Report Abuse

y they pay so high div?

Posted by kingleecha > 2014-04-09 16:01 | Report Abuse

They want to boost their share price..LOL..but I believe it's a stupid dividend policy. =)

Posted by fatty_tang > 2014-04-09 16:12 | Report Abuse

the dividend is to reward the shareholders. or you'd rather they keep the cash in bank?

Posted by 2767max > 2014-04-09 16:28 | Report Abuse

yes, it is confirm to deduct from the closing price on 20 April 2014

Posted by kingleecha > 2014-04-09 16:41 | Report Abuse

I have checked its financial report, it's very weird, they didnt proposed the dividend RM 2.5(more than 50% of the price now) earlier and they dont borrow money to pay for dividend. Dividend is the cumulative return from the previous year.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1580893#13970316678151&1603

Posted by nsk82 > 2014-04-09 17:09 | Report Abuse

kingleecha, please go google and start learning about sale of HDBS asset to Affin and Alliance bank :p

Posted by NeutRal > 2014-04-09 17:10 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/04/04/HwangDBS-sells-51-stake-in-unit-to-AFG/
money is from here?

Posted by Wiwangwang > 2014-04-09 21:05 | Report Abuse

Will DBS inject business or asset in to hdbs ??
I confidence with DBS n hwang management .. They really importance investor .

Posted by ken123 > 2014-04-09 21:52 | Report Abuse

Dividend so high this time, worth invest now?

Posted by fatty_tang > 2014-04-09 22:24 | Report Abuse

I was totally dumbfounded by kingleecha's comment. No wonder they say 99% of posters in stock forums have absolutely no idea what they are saying

Posted by 2767max > 2014-04-09 22:29 | Report Abuse

I dont think anything wrong with this special dividend issue by HDBS,they sold their investment bank business to Affin bank n reward their share holders,for me this is a right step.

Posted by arvin6 > 2014-04-09 23:09 | Report Abuse

Yes max hdbs is a good company . After dispose the business they still pay out a special dividend to investor . Compare with osk . After dispose business to rhb .no special dividend . No rhb share distribute to share holder .

Posted by lizziewong > 2014-04-09 23:48 | Report Abuse

Based on the proforma in the circula, after the sale hdbs net asset per share will go up to RM5.30. After ex-div, the net asset wld be down t RM2.80. I think based on today closing pr of 4.45, cost will be about RM2 per share. Worth considering since the2.80 wld largely be cash and assets.. But why share price so weak?

Posted by Sapphire > 2014-04-10 01:37 | Report Abuse

acostech vs hdbs..which one better....i would.say hdbsss better....

Posted by Sapphire > 2014-04-10 10:35 | Report Abuse

hdbs after ex div will become rm2.02 after pay div . base on my analyst it shud be reach rm5.00 b4 ex div.it still hav potential to grow as eps is 0.36.

Posted by gark > 2014-04-10 10:43 | Report Abuse

lizziewong,

I am not surprised many punters here does not know how to count, hence you get all kind of remarks regarding the special dividend.

Here are the proper calculations.

Sale of Affin : 1,300 mil
Sale of Cambodia bank = USD 40 x 3.25 = 130 mil
Sale of Ampang Property : 82,5 mil
Sale of research dept + penang land = 5.38 mil

Total cash received = 1516.88

Pay back borrowing and other expenses = 324 mil

Net cash in books = 1192.88 /255 mil shares = RM 4.67/share in NET cash

Buying at current price means you get the money lending plus other remaining business & investment for FREE.

Posted by ascend > 2014-04-10 10:54 | Report Abuse

Thanks gark for the numbers. So if the market current price is valuing only its net cash on hand (more or less) and not its businesses, isn't that telling something?

Posted by gark > 2014-04-10 11:09 | Report Abuse

I don't know.. maybe the biggest fear is PN17... as investors are scared that the remaining business might not be able to continue listing. The remaining business is expected to post net profit of 20-30 mil in FY14, and is worth at least RM 1/share.

I think this kind of earning is already surpass many other listed company, so i am confident that the listing will continue. Also i see in the foreseeable future, this business (money lending) will eventually be sold off. Not much sense to have money lending without a commercial bank backing it up, there is just no synergy. They could still be shopping for buyer, or just wind down the loans and get the cash.

I think they will eventually liquidate the entire company & return cash OR move into a different business all together. This will be the main factor in re-valuation of the company.

They are selling everything but the kitchen sink, even a research company worth a puny 380k also sell....

Anyway at current price it is a very safe position as I am buying RM 1 for 80 sen.. where to find such deal? ;)

Posted by ascend > 2014-04-10 11:59 | Report Abuse

well to be fair not much point having a research company around without ibanking unit around. Thanks for your insight.

Posted by AndrewYK > 2014-04-10 13:34 | Report Abuse

I want to know after dividend is given, would the share be delisted? One more thing, after all the selling, how many business units it still have?

Posted by gark > 2014-04-10 13:56 | Report Abuse

Delisted or not depends on Bursa... although HDBS has already submit letter to bursa on intention of continue listing.

After selling only left the money lending business, some property and investment (stocks & bonds) held as AFS.

Also thinking about it, without a banking unit, there is also not much point having a money lending business...also..

Posted by AndrewYK > 2014-04-10 13:58 | Report Abuse

Thanks a lot :)

Posted by crossroad > 2014-04-10 14:19 | Report Abuse

I am not worried about hdbs, their shareholders will not let the company hibernate with RM1 bil cashpile.. Share price spiked up to 4.80 yestereday but down to 4.45. Only bought 5 lots.. maybe add more? What say u gark?

Posted by fatty_tang > 2014-04-10 14:30 | Report Abuse

There are probably still finding a good price to sell off their other businesses.

Posted by crossroad > 2014-04-10 14:32 | Report Abuse

good to accumulate?

Posted by mmtalents > 2014-04-10 14:57 | Report Abuse

buy, take special div, use special div buy more when price adjusted, double your shares

Posted by AndrewYK > 2014-04-10 15:00 | Report Abuse

wow. That is brilliant way

Posted by crossroad > 2014-04-10 15:00 | Report Abuse

DIY bonus issue? haha

Posted by mmtalents > 2014-04-10 15:09 | Report Abuse

That's my style, any div received, I dump back to the same share, slowly increased the share holding...

Posted by fatty_tang > 2014-04-10 15:10 | Report Abuse

This is called DIY Dividend Reinvestment Scheme