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.
The following user(s) said Thank You: Val

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11 years 2 months ago #15884 by Val
Replied by Val on topic Oakwell Engineering Limited
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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11 years 2 months ago #15900 by g6everyday
Hi Joseph, what company going to do after the deal?

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