Is Dutaland still cheap after up by more than 59% from 39.5 sen to 63 sen now? (Calvin Tan Research)
Dutaland already up 59%! Time to be cautious? Yes, if you go short term punting as Bursa is filled with day traders and gamblers. But Calvin still think it has more room to go up on these reasons:
- A Cash Proceed of Rm750 millions will come in a month’s time. Since total paid up shares are 846,118,039 it tanslates to a 88.6 sen Cash windfall. That’s 21.6 sen more than current price of 67 sen today.
2. Some Cash will be deployed to complete the Grand Duta Hotel. Already 33 storey or more up. So less Cash will be needed. Will there be a surplus for a Cash Payout?
3. Why there is a POSSIBLE CASH PAYOUT?
Pm Corp did that & paid out 8 Sen Cash
RceCap did that and paid out 7.5 Sen Cash
So for no reason why go for Capital Exercise?
MULTIPLE PROPOSALS DUTALAND BERHAD (“DUTALAND” OR “COMPANY”) (I) PROPOSED SHARE PREMIUM REDUCTION; (II) PROPOSED PAR VALUE REDUCTION; AND (III) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS “PROPOSALS”)
DUTALAND BERHAD ("DUTALAND" OR "COMPANY") (I) PROPOSED SHARE PREMIUM REDUCTION; (II) PROPOSED PAR VALUE REDUCTION; AND (III) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS "PROPOSALS")
(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 29 August 2016 in relation to the Proposals)
We refer to the announcements dated 29 August 2016, 26 October 2016, 25 November 2016 and 30 December 2016 in relation to the Proposals.
On behalf of the Board of DutaLand, Maybank IB wishes to announce that an office copy of the sealed order of the High Court of Malaya at Kuala Lumpur dated 30 December 2016, confirming the Proposed Share Premium Reduction and the Proposed Par Value Reduction had been lodged with the Registrar of Companies (“Lodgement”) on 5 January 2017.
Following the Lodgement, the Proposed Share Premium Reduction and the Proposed Par Value Reduction will take effect on 5 January 2017. Consequently, the Proposed M&A Amendments will also take effect on the same day.
The Proposals will not result in any adjustment to the share price of DutaLand or the number of ordinary shares held in DutaLand by the shareholders of the Company.
This Announcement is dated 5 January 2017.
|Company Name||DUTALAND BERHAD|
|Date Announced||05 Jan 2017|
|Category||General Announcement for PLC|
[DUTALND] Change In Director’s Shareholding – DATO’ YAP YONG SEONG on 03-May-2007
|Stock||[DUTALND]: DUTALAND BHD|
|Name||DATO’ YAP YONG SEONG|
Details of Changes:
|Date of Change||Type||Number of Shares||Price|
|Nature of Interest||Direct and Indirect|
|Reason||1) The no. of securities change of 50,400 represents the difference in no. of shares held by Dato’ Yap Yong Seong before and after the capital reduction and consolidation. 2) Acquisition of 20,000 shares through a subscription of Rights with Warrants. 3) The no. of securities change of 65,887,130 represents the difference in no. of shares held by Duta Equities Sdn Bhd (“DESB”) before and after the capital reduction and consolidation of Mycom Berhad. Dato’ Yap Yong Seong is deemed interested by virtue of his spouse, sons and his shareholdings in DESB. 4) The acquisition of 7,320,793 shares by DESB through a subscription of Rights with Warrants. 5) Consideration shares received by Kenny Height Developments Sdn Bhd (“KHD”) under the Restructuring Scheme|
|Consideration||Cash and otherwise than in cash|
Total no of securities after change
|Date of Notice||27-Apr-2007|
[PMCORP] Others on 29-Apr-2016
But by and by Pm Corp announced this Capital Exercise to prepare for CASH PAYOUT (Pm Corp has no core earnings from operations BUT FROM ASSETS DISPOSAL)
MULTIPLE PROPOSALS PAN MALAYSIA CORPORATION BERHAD (“PMCB” OR “COMPANY’) (I) PAR VALUE REDUCTION; (II) SHARE PREMIUM REDUCTION; AND (III) CAPITAL DISTRIBUTION. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
|PAN MALAYSIA CORPORATION BERHAD|
PAN MALAYSIA CORPORATION BERHAD ("PMCB" OR "COMPANY') (I) PAR VALUE REDUCTION; (II) SHARE PREMIUM REDUCTION; AND (III) CAPITAL DISTRIBUTION. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the previous announcements in relation to the Proposals, where applicable, unless stated otherwise or defined herein)
Further to the announcement made on 16 May 2016 and on behalf of the Board, KAF IB wishes to announce that the Capital Distribution has been made to the entitled shareholders of PMCB on 26 May 2016. As such, the Proposals have been fully implemented and completed today.
This announcement is dated 26 May 2016.
Why Was This Done?
And Why Dutaland is Also Doing This Exercise?
NOW I GOT ANOTHER HAPPY GROUP OF JOHOR BUDDIES BUYING INTO RCECAP WHICH ALSO GAVE A CAPITAL REPAYMENT
MULTIPLE PROPOSALS RCE CAPITAL BERHAD (“RCE”) (I) CAPITAL REPAYMENT; AND (II) SHARE CONSOLIDATION (COLLECTIVELY THE “PROPOSALS”)
RceCap was 27 Sen when Calvin called for a buy
Very happy for all here
Anyone followed Calvin’s call to buy RCECAP at 27 Cts?
That was the Chun Chun Call at only 27 cts when nobody wanted RceCap then
See Posted by calvintaneng > Jan 18, 2014 10:07 PM | Report Abuse X
Just follow Dato’ Hashim of AMBANK. When you see share buyback at 26.5 to 27.5 try to buy some around 27 cents. Now he is buying between 28.5 to 29.5. Try to get some lower than him at 28.5 cents.
I think buying behind Company share buyback is safe. Try to get some on weakness before it crosses 30 cents. Don’t chase over 50 cents when Edgedaily or Focus Magazine do a special write up on it.
Posted by calvintaneng > Jan 18, 2014 10:09 PM | Report Abuse X
My target price for RCECAP is 50 Cents. For this year we have to set our sight lower. Better be safe. Anything giving us 10% to 20% should be considered good.
[RCECAP] Others on 11-Apr-2016
|Stock||[RCECAP]: RCE CAPITAL BHD|
|Description||Capital repayment of RM0.075 for each ordinary share of RM0.10 each in RCE Capital Berhad (“RCE”) (“Capital Repayment”)|
RceCap finally hit 100% gain!
And on February 3rd 2017 Calvin was happy to post the above – 100% gain in RceCap (Rm1.60)
And at that price many started chasing (it was then too late!!)
FOR DUTALAND THESE ARE STILL AHEAD
1) RM750 MILLIONS CASH (88.6 SEN) FROM BPLANT
2) A CAPITAL PAYOUT
3) DUTALAND SHARE PRICE TARGETED TO RISE BACK TO RM1.00 AND ABOVE
AFTER THAT HOW FAR UP IT WILL GO.
NOW IT IS MARKET FUNDAMENTAL THAT MOVE DUTALAND UP
LATER (MUCH LATER) MASS PSYCHOLOGY WILL TAKE OVER!!
SO IT WILL BE MARKET FUNDAMENTAL VERSUS MASS PSYCHOLOGY!!
FOR CALVIN TAN RESEARCH IT IS AND IT MUST BE
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