Oakwell Engineering Limited
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11 years 2 months ago #15847
by josephyeo
On completion of the sale (assuming the sale will get through) the company will get $56 million dollars in cash.
Balance of the $14 millions will be collected within 2 years. Please refer to their annoucement on 21 aug 2013
in sgx.com.sg. And the current capitalisation of the company is only $54.1 million based on share price of 8.1 cts.
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11 years 2 months ago #15877
by josephyeo
If the deal pull through the company would be receiving 10.5 cts per share ... $70 millions divided by 668,266,000shares.
The current traded price is only 7.9 cts.
See the company's annoucement on 21st aug '13 at sgx.com.sg
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11 years 2 months ago #15882
by josephyeo
If the sale of the subsidiary pull through ...
the company will receive 10.5 cts CASH per share
current traded price only 8.0 cts per share
i think this is a good opportunity. Main risk is when the sale of the subsidiary does not pull through.
pls see their annoucement on 21st aug in sgx.com.sg for details.
ps : buy at your own risk. Myself, am heavily vested.
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Val
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11 years 2 months ago #15884
by Val
Good luck Joseph!
I wonder why the market doesn't react more positively.
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11 years 2 months ago #15899
by josephyeo
Thank you Viva.
Hope it will move nearer the closure date in oct.
So long as the sale get through everything should be alright
because i believe the dividend distribution would be fairly
substantial relative to current share price.
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