The most reasonable rumours is they are going to revalue its properties and NTA will surge, prepare for the REIT listing. Buy now before they announce its property revaluation exercise !
The Board of Directors of Tiong Nam Logistics Holdings Berhad is proposing for the shareholders’ approval at the forthcoming Annual General Meeting a final cash dividend of 2.0 sen per ordinary share and a share dividend distribution of approximately 8.59 million treasury shares on the basis of 1 treasury share for every 50 existing ordinary shares. Based on the treasury shares book cost, the share dividend is equivalent to 2.84 sen per share.
Pursuant to Section 8.26 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the final dividend, if approved, will be paid no later than three (3) months from the date of shareholders' approval.
The proposed total final cash and share dividend will be 4.84 sen. The details of the entitlement date for the share dividend and the book closure date and payment date of the cash dividend will be announced later.
Sorry, but wanna ask all sifuss here. I am still quite newbie, so meaning for every 1000 shares of tnlogis i have, they will automatically credit another 20 shares into my CDS account? If yes, how am i going to sell that 20 shares? hahahahaha
You can sell as odd lots. But sometimes quite hard to sell. Or alternatively, you can buy addtional 4000 tiong nam shares to get total 100 dividend shares. Easy to sell later
with little contribution from logistics/ warehouse...and property division outlook dim with no new launch....and huge warrant dilution, with total borrowing of $ 800 million...I will not value this share at above $ 1.
$4 profit from logistics and warehousing last quarter enough for you to keep the share?
don't forget, the company has $ 800 million borrowings, another $ 100 million capital commitments...and 200 million warrants in the money to dilute your earnings. ...and property division...even worse.
Gdex is a money printing machine, this is a money sucking machine...both are logistics but different fate.
The analysts in town has been sleeping on the job.
Normally no people buy mon and son, is not retailer obviously is some big fund buying or so call collecting maybe. Every buy from them is about 100k share so we may hope that some big push up in the near future.
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....
tranquilfinny
160 posts
Posted by tranquilfinny > 2017-05-18 15:08 | Report Abuse
hope not fake rebound lol