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YZJFH - potentially rewarding Post Reply Rate topic
HVRRVH Elite	30-Mar-2025 17:40        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	6 senior excutives of the YZJF group and 2 investors are the buyers. Likely Chinese buyers.  HVRRVH      ( Date: 30-Mar-2025 17:25) Posted: Sale of treasury shares! YZJF is locking big profit by selling existing treasury shares at $0.72, so that' s it, any scrip dividend the shares won' t come from the treasury shares. News has just been released with regard to the sale of treasury shares.  pasttime      ( Date: 29-Mar-2025 18:27) Posted: after the last share buy back. no of share outstanding.  3480450520,  treasury shares 193527600. proposed dividend $0.0345.  so 3480450520 will issue dividend $120075542.94. if maangement proposed script dividend at 5 days average let say $0.80 per shares and if all choose to receive script divdend then need about 150094128 shares.   so if maangement used all treasury shares to do script issue also enough. the higher the share price the lesser treasury shares needed to be used for script divdend. it will solve problem of too many treasury shares.  increased the market float and hence market cap. also help the shorts to exit gracefully.
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HVRRVH Elite	30-Mar-2025 17:25        HVRRVH About Contact  Quote this Post!
x 1   x 0  Alert Admin	Sale of treasury shares! YZJF is locking big profit by selling existing treasury shares at $0.72, so that' s it, any scrip dividend the shares won' t come from the treasury shares. News has just been released with regard to the sale of treasury shares.  pasttime      ( Date: 29-Mar-2025 18:27) Posted: after the last share buy back. no of share outstanding.  3480450520,  treasury shares 193527600. proposed dividend $0.0345.  so 3480450520 will issue dividend $120075542.94. if maangement proposed script dividend at 5 days average let say $0.80 per shares and if all choose to receive script divdend then need about 150094128 shares.   so if maangement used all treasury shares to do script issue also enough. the higher the share price the lesser treasury shares needed to be used for script divdend. it will solve problem of too many treasury shares.  increased the market float and hence market cap. also help the shorts to exit gracefully.
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tch77_pt75 Veteran	30-Mar-2025 16:57        tch77_pt75 About Contact  Quote this Post!
x 0   x 0  Alert Admin	By opting for script, doesn?t it affect the share price to go up? ttmmfast      ( Date: 30-Mar-2025 10:37) Posted: Real booster will be major shareholders opt for script only and at the same time announce a big, positive investment since the company has loads of cash.
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sgng123 Supreme	30-Mar-2025 15:18        sgng123 About Contact  Quote this Post!
x 0   x 2  Alert Admin	Don matter much to long investors regardkess of Mandatory Offer as long u get it cheap last year u win big.
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ttmmfast Member	30-Mar-2025 10:37        ttmmfast About Contact  Quote this Post!
x 0   x 0  Alert Admin	Real booster will be major shareholders opt for script only and at the same time announce a big, positive investment since the company has loads of cash.
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HVRRVH Elite	29-Mar-2025 23:50        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good piece of work. The only variables are the issue price and take up rate. $0.80 issue price is also good guess and maybe the issue price will be between $0.72 [10% discount from around current price] and $0.80 [after 10% discount if price get push up to $0.88], typically the discount may not be that steep and a 7% discount will be good as in Boustead' s recent scrip dividend. Personally I don' t think the price will get push up or down too much but what do I know and we shall see. Indeed it would be good if the scrips come from the existing treasury shares as that way, in a sense no ' new' shares are added and ' fertile water didn' t get flow to others' farmland' lol.  pasttime      ( Date: 29-Mar-2025 18:27) Posted: after the last share buy back. no of share outstanding.  3480450520,  treasury shares 193527600. proposed dividend $0.0345.  so 3480450520 will issue dividend $120075542.94. if maangement proposed script dividend at 5 days average let say $0.80 per shares and if all choose to receive script divdend then need about 150094128 shares.   so if maangement used all treasury shares to do script issue also enough. the higher the share price the lesser treasury shares needed to be used for script divdend. it will solve problem of too many treasury shares.  increased the market float and hence market cap. also help the shorts to exit gracefully.
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Heng5335 Member	29-Mar-2025 21:08        Heng5335 About Contact  Quote this Post!
x 0   x 0  Alert Admin	thank you pasttime for your calculation this is helpful to have better understanding. pasttime      ( Date: 29-Mar-2025 18:27) Posted: after the last share buy back. no of share outstanding.  3480450520,  treasury shares 193527600. proposed dividend $0.0345.  so 3480450520 will issue dividend $120075542.94. if maangement proposed script dividend at 5 days average let say $0.80 per shares and if all choose to receive script divdend then need about 150094128 shares.   so if maangement used all treasury shares to do script issue also enough. the higher the share price the lesser treasury shares needed to be used for script divdend. it will solve problem of too many treasury shares.  increased the market float and hence market cap. also help the shorts to exit gracefully.
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pasttime Supreme	29-Mar-2025 18:32        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	average money spend per share to do buy back is about $0.38 per shares. will really make a gain if script dividend happen. estimate about $63m if all choose script at $0.80 sure this is only counting with a lot of assumptions. nothing real yet. dyodd.
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pasttime Supreme	29-Mar-2025 18:27        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 1   x 0  Alert Admin	after the last share buy back. no of share outstanding.  3480450520,  treasury shares 193527600. proposed dividend $0.0345.  so 3480450520 will issue dividend $120075542.94. if maangement proposed script dividend at 5 days average let say $0.80 per shares and if all choose to receive script divdend then need about 150094128 shares.   so if maangement used all treasury shares to do script issue also enough. the higher the share price the lesser treasury shares needed to be used for script divdend. it will solve problem of too many treasury shares.  increased the market float and hence market cap. also help the shorts to exit gracefully.
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sgng123 Supreme	29-Mar-2025 15:49        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	As long everyone understand what mentioned on page4/5 then it good. waiver for whitewash not guarantee as mentioned in page5, they even put a caution notice to all investors. Anything can happen but the scrip dividend overall is bullish for stock price. hope next week break 0.80 decisively.
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HVRRVH Elite	29-Mar-2025 15:00        HVRRVH About Contact  Quote this Post!
x 1   x 0  Alert Admin	Ok take your cue, will not comment on ' Take over / Privatisation' speculation any further too.  volvo125      ( Date: 29-Mar-2025 12:14) Posted: SIC will almost certainly grant the whitewash waiver for both Ren party and independent shareholders as long as the listed coy concerned were to apply. Seeking this whitewash waiver is just a formal protocol YFH needs to go through, nothing more. Ren party collectively hold 29.27% for a long time. If he indeed has underlying intention to take YFH private, he just need to aquire 25m more shares now with $19.9m @0.795 or better still last year with just $8mil @0.32 to trigger the takeover code. $19.9m or $8m is peanut to RenYL. He really doesn' t need to go through all this script dividend stunt to mount a takeover. Whoever is still dreaming of a takeover ..... come back to planet Earth lah ....  And yes, like what HVRRVH has said, I would also be very happy and thankful to kiss Ren' s hand to bid him farewell and walk off with a 90%NAV or higher exit offer to fund my next quest to seek a new deep undervalued target,  but I think it is still very much far more realistic to expect YFH to hit > $1.05 (90%NAV) with the increasingly very real spin off narrative at play than to dream of a > $1.05 privatisation exit offer from Ren.  I am firmly rooted on planet Earth. I will not comment further on any exit offer speculation. HVRRVH      ( Date: 28-Mar-2025 22:29) Posted: ok yes 30% trigger we know but typically it is not hard to get waiver from SGX as can be seen from so many examples. Yes maybe old Ren' s stake will cross 30% owing to scrip but as recently as the webinar couple of months back he said no plan to privatise. And he would be mad to think of it now with the elevated share price compare to months back as mentioned by Volvo125. ok ok i don' t mind privatisation too if there is one with offer matching NAV or at least 90% of NAV but it is not happening and don' t know why you keep harping on it for 2 years.
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volvo125 Master	29-Mar-2025 12:14        volvo125 About Contact  Quote this Post!
x 2   x 0  Alert Admin	SIC will almost certainly grant the whitewash waiver for both Ren party and independent shareholders as long as the listed coy concerned were to apply. Seeking this whitewash waiver is just a formal protocol YFH needs to go through, nothing more. Ren party collectively hold 29.27% for a long time. If he indeed has underlying intention to take YFH private, he just need to aquire 25m more shares now with $19.9m @0.795 or better still last year with just $8mil @0.32 to trigger the takeover code. $19.9m or $8m is peanut to RenYL. He really doesn' t need to go through all this script dividend stunt to mount a takeover. Whoever is still dreaming of a takeover ..... come back to planet Earth lah ....  And yes, like what HVRRVH has said, I would also be very happy and thankful to kiss Ren' s hand to bid him farewell and walk off with a 90%NAV or higher exit offer to fund my next quest to seek a new deep undervalued target,  but I think it is still very much far more realistic to expect YFH to hit > $1.05 (90%NAV) with the increasingly very real spin off narrative at play than to dream of a > $1.05 privatisation exit offer from Ren.  I am firmly rooted on planet Earth. I will not comment further on any exit offer speculation. HVRRVH      ( Date: 28-Mar-2025 22:29) Posted: ok yes 30% trigger we know but typically it is not hard to get waiver from SGX as can be seen from so many examples. Yes maybe old Ren' s stake will cross 30% owing to scrip but as recently as the webinar couple of months back he said no plan to privatise. And he would be mad to think of it now with the elevated share price compare to months back as mentioned by Volvo125. ok ok i don' t mind privatisation too if there is one with offer matching NAV or at least 90% of NAV but it is not happening and don' t know why you keep harping on it for 2 years.  sgng123      ( Date: 28-Mar-2025 22:14) Posted: It not abt u,me or anyone in forum. It all about Ren YL stake 29.27% is damn too close to trigger SGX take over rule if he decide to swap his dividend to shares. On page 4/5 yzjfh disclose what would happen if Ren trigger 30% threhold. it SGX 30% take over rule which all veteran investors all know
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HVRRVH Elite	28-Mar-2025 22:29        HVRRVH About Contact  Quote this Post!
x 1   x 0  Alert Admin	ok yes 30% trigger we know but typically it is not hard to get waiver from SGX as can be seen from so many examples. Yes maybe old Ren' s stake will cross 30% owing to scrip but as recently as the webinar couple of months back he said no plan to privatise. And he would be mad to think of it now with the elevated share price compare to months back as mentioned by Volvo125. ok ok i don' t mind privatisation too if there is one with offer matching NAV or at least 90% of NAV but it is not happening and don' t know why you keep harping on it for 2 years.  sgng123      ( Date: 28-Mar-2025 22:14) Posted: It not abt u,me or anyone in forum. It all about Ren YL stake 29.27% is damn too close to trigger SGX take over rule if he decide to swap his dividend to shares. On page 4/5 yzjfh disclose what would happen if Ren trigger 30% threhold. it SGX 30% take over rule which all veteran investors all know. HVRRVH      ( Date: 28-Mar-2025 22:02) Posted: Agree, a typical investor would encounter scrip dividend at one time or another. Like you mentioned, personal I had it with Boustead, MLT, Lendlease just to name a few. A typical investor will not equate scrip dividend as harbinger of privatisation, and indeed, we have heard from the hourse' s mouth during the webinar not too long ago that there was no plan to privatise YZJF. And yes, hopefully investors would have a good Q& A session with the company in the AGM.
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sgng123 Supreme	28-Mar-2025 22:14        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It not abt u,me or anyone in forum. It all about Ren YL stake 29.27% is damn too close to trigger SGX take over rule if he decide to swap his dividend to shares. On page 4/5 yzjfh disclose what would happen if Ren trigger 30% threhold. it SGX 30% take over rule which all veteran investors all know. HVRRVH      ( Date: 28-Mar-2025 22:02) Posted: Agree, a typical investor would encounter scrip dividend at one time or another. Like you mentioned, personal I had it with Boustead, MLT, Lendlease just to name a few. A typical investor will not equate scrip dividend as harbinger of privatisation, and indeed, we have heard from the hourse' s mouth during the webinar not too long ago that there was no plan to privatise YZJF. And yes, hopefully investors would have a good Q& A session with the company in the AGM.  volvo125      ( Date: 28-Mar-2025 20:53) Posted: Script dividends are generally offerred with a discount to the some form of pre-determinded average share price at up to 10%, such as in OCBC, DBS, UOB, CapLand, Olam, Boustead .... etc. Nothing is mentioned on the issued price of dividend shares or discount in the announcement. If YFH offers a good discount to the ongoing share price, it is a good option to consider taking. We should ask RenYL for more details on this script dividend during AGM. Eh ... by the way, I really do not think script dividend has anything to do with privatisation. And I also do not think YFH will privatise any time soon or even in the many years ahead. RenYL could have really done so if he wanted when the share prices were at the rock bottom 0.30s or even low 0.40s but he had openly and repeatedly declared his passionate intent to grow YFH as a listed coy during the various interviews with Edge as well as during the FY24 AGM Q& A which I attended.
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HVRRVH Elite	28-Mar-2025 22:10        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please lah, heard of whitewashing or waiver or not? Do you know China Sunsine' s majority shareholder hold 60.3% of total share? Or Raffle' s medical the founder owning 54.85% of the shares? Or Centurion' s Mr Loh having 59.793% of the shares? Many other examples if you do some research.  sgng123      ( Date: 28-Mar-2025 21:37) Posted: SGX rule take over code any shareholder with > 30% need to make offer to all investors. Ren and son holding 29.27% , the AMT of dividend they received is 35m if converted to scrip share would exceed 30% easily. Need to apply waiver from SIC but not guaranteed. If Ren stake cross 30% he needs to make GO to all investors
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sgng123 Supreme	28-Mar-2025 22:08        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Go ask in AGM to see if uncle Ren wanna swap dividend for stock and guarantee get the waiver else SGX take over code override. Today also very fierce shorting 34.5m top the chart again. Next week would be fun though.
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HVRRVH Elite	28-Mar-2025 22:02        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree, a typical investor would encounter scrip dividend at one time or another. Like you mentioned, personal I had it with Boustead, MLT, Lendlease just to name a few. A typical investor will not equate scrip dividend as harbinger of privatisation, and indeed, we have heard from the hourse' s mouth during the webinar not too long ago that there was no plan to privatise YZJF. And yes, hopefully investors would have a good Q& A session with the company in the AGM.  volvo125      ( Date: 28-Mar-2025 20:53) Posted: Script dividends are generally offerred with a discount to the some form of pre-determinded average share price at up to 10%, such as in OCBC, DBS, UOB, CapLand, Olam, Boustead .... etc. Nothing is mentioned on the issued price of dividend shares or discount in the announcement. If YFH offers a good discount to the ongoing share price, it is a good option to consider taking. We should ask RenYL for more details on this script dividend during AGM. Eh ... by the way, I really do not think script dividend has anything to do with privatisation. And I also do not think YFH will privatise any time soon or even in the many years ahead. RenYL could have really done so if he wanted when the share prices were at the rock bottom 0.30s or even low 0.40s but he had openly and repeatedly declared his passionate intent to grow YFH as a listed coy during the various interviews with Edge as well as during the FY24 AGM Q& A which I attended.  HVRRVH      ( Date: 28-Mar-2025 18:24) Posted: Hmm... scrip dividend. Now this one need to think a bit but by default, it should be no brainer to opt for scrip but first thought was that with the cancellation of treasury shares not long ago, now YZJF wants to issue scrips and it is like asking shareholders to subsidise part of SBB cost. Granted it is almost uncomparable since the dividend is $0.0345 and the SBB cost is easily 10 to 15 times of that. My first quick gut is that it has got to do with future spin off in mind. YZJF wants to have a larger sharebase so that post spinoff, the mother and son companies would still have sizable market cap. Let' s see whether this get quiz in AGM, among other things. Can take time to decide.
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HVRRVH Elite	28-Mar-2025 21:54        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	pkli899      ( Date: 28-Mar-2025 20:43) Posted: LOL........what a joke.......read too much into the proposal!  The scheme helps to conserve cash which otherwise would have been given out as dividends. This cash is then used for expansion of business. Extra units issued as a results is good for any spin off in future.   HVRRVH      ( Date: 28-Mar-2025 18:50) Posted: Scrip = privatisation lo
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sgng123 Supreme	28-Mar-2025 21:42        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Read up page 5 it being explained more thoughly. Anyway this news would sustain current rally till AGM, basically all shortlist  would run don wanna get caught up if it becomes real lol This is good news why everyone so mad at it lol Uncle Ren had to cough up offer close to NTA to make it attractive. Remember the scrip dividend scheme is bought up by  uncle ren
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sgng123 Supreme	28-Mar-2025 21:37        sgng123 About Contact  Quote this Post!
x 0   x 1  Alert Admin	SGX rule take over code any shareholder with > 30% need to make offer to all investors. Ren and son holding 29.27% , the AMT of dividend they received is 35m if converted to scrip share would exceed 30% easily. Need to apply waiver from SIC but not guaranteed. If Ren stake cross 30% he needs to make GO to all investors
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