Kian Ann Engineering Limited

Another good company taken private.....so sad.

Delisting offer at 44 cents, just announced. It used to trade at 20-22 cents for the longest time.......

from the recent event more will be privatise as there are many stocks trading at less than 30 pct of rnav etc.anyone as any list of company with low valuation etc to recommend guset19

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[josephyeo 06-05-2012]:

Why I like Kian Ann ....
  Kian Ann Engineering Limited Why I like Kian Ann … 1)
Positive Revenue trend revenue trend full year june '08 full year june '09 full year june '10 full year june '11 half year dec '12 (in millions) 150.1 134.8 149.4 162.3 86.1 2) Positive profit/loss trend profit/loss full year june '08 full year june '09 full year june '10 full year june '11 half year dec '12 (in millions) 11.1 11.5 13.2 16.7 9.8 3 )Good dividend history dividend history full year june '08 full year june '09 full year june '10 full year june '11 half year dec '12 (in cents) 0.7 0.7 1.0 1.1 0.33 4 )Trading below nta Price at date of posting: 22.5 cts Nta : 33.7 cts 5 )Good Dividend yield 4% to 5% estimate   Management is committed to distribute 25% of nett profit to shareholders. Extract from Kian Ann Media Release on 14 Feb 2012. Committed to Rewarding Shareholders :      
In view of its financial performance for 1HFY2012, the Board has declared an interim dividend of 0.33 cent per share. Since October 2011, the Group has adopted a dividend policy of paying annual dividends of at least 25% of the consolidated net profit attributable to owners of the parent of Kian Ann Group. For its last financial year (FY2011), total dividend amounted to 1.1 cents per share.         6) Conclusion : Express above are just my feelings n perceptions of the company. It is not to be taken as a recommendation.