D-Day tomorrow should bring no surprises, as the Thai towkays transition to become shareholders of Sino Grandness.
Will some supporters in this forum be going to the EGM? Pls find out if the dividend payout will start with the 1H2015 results or only with full-yr 2015 results.
The estimated yield is 5-6% -- it's a meaningful return.
BNN wrote: EGM on 30 Dec will most likely see the placement receiving approval of shareholders. As agreed with the Thai towkays, Sino Grandness will implement a dividend policy of paying at least 10% of its earnings.
Relying on FY2014 estimates of EPS + assumptions of growth in 2015 + enlarged share base ......> I figure that the dividend would be roughly 2.3 SGD cents a share. The yield would then be 5-6% considering a share price of 38 cents.
Pretty decent yield and it would attract more investors. Time will tell if 38 cent share price today is a steal.
Volume weighted average price per Share traded on the SGX-ST on the last market day immediately preceding the date of Completion.
Completion Date will be 30 December 2014.
Therefore it the Volume weighted average price per Share traded on the SGX-ST on 29-Dec-2014.
Allotment of 25,398,965 new ordinary shares to PM Group Company Limited and 60,601,035 to Soleado Holdings Pte. Ltd. at S$0.4035 per share on 30 December 2014 pursuant to the Subscription Agreements (as defined in the Circular dated 12 December 2014).