Shanghai Turbo - Potential Takeover?

Anyone vested in Shanghai Turbo?

With a few s-chips [latest one being Devotion] being privatised, Shanghai Turbo could be the next potential one to take a look as it is very illiquid.

Since listing, cmy has not issued any right to raise fund with number of shares maintained at 274m since 2006. Instead, cmy has been consistenly giving out decent div at abt 6%. Seem like it doesn't need additinal fund to grow.

Three major shareholders (founders, a Japanese fund and a Japanese cmy) currently hold about 65% with 35% held by the public. With current mkt cap of 22m, it can be easily privatized.

Cheers

gangho, how did you buy the shares when hardly any are available on the market and the bid-offer price gap is big?

sana wrote: gangho, how did you buy the shares when hardly any are available on the market and the bid-offer price gap is big?

Sana, queue at low during those days of bad market sentiment. I got some at around 8c.

gangho wrote: Anyone vested in Shanghai Turbo?

With a few s-chips [latest one being Devotion] being privatised, Shanghai Turbo could be the next potential one to take a look as it is very illiquid.

Since listing, cmy has not issued any right to raise fund with number of shares maintained at 274m since 2006. Instead, cmy has been consistenly giving out decent div at abt 6%. Seem like it doesn't need additinal fund to grow.

Three major shareholders (founders, a Japanese fund and a Japanese cmy) currently hold about 65% with 35% held by the public. With current mkt cap of 22m, it can be easily privatized.

Cheers

Shanghai Turbo reported good set of rev and net profit. Should expect 0.5c div and perhaps another 0.5c special div for 2013. Enjoy div while waiting for delisting offer as china is embarking on clean energy to combat pollution. Cheers

Now one of the 50 picks by nextinsight. Very few sellers for serious accumulaton.

0.52c div, translating to 6%-6.5% yield. Has been ignored by Market for a long time.