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BROADWAY IND GROUP : NAV :52.2c . Post Reply Rate topic
Eagle88 Supreme	29-Nov-2016 14:05        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This company is not suspended or cannot get back a single cent if sold now!!! Don't fire sale now.... Eagle88      ( Date: 29-Nov-2016 13:56) Posted: This company is not heavily in debt or cannot service loans or anything like that....and still can pay 8.51 cents as dividends at present market conditions....worst case scenario that the company is sold to China or Japanese company, shareholders will definitely get back more than the present share price of 21 deducting the 8.51 cents ie 12.5 cents....anlah...more upside coming for those who see value in this company...
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Eagle88 Supreme	29-Nov-2016 13:56        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This company is not heavily in debt or cannot service loans or anything like that....and still can pay 8.51 cents as dividends at present market conditions....worst case scenario that the company is sold to China or Japanese company, shareholders will definitely get back more than the present share price of 21 deducting the 8.51 cents ie 12.5 cents....anlah...more upside coming for those who see value in this company...
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Eagle88 Supreme	29-Nov-2016 13:46        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Figurative speaking....sell all to other company or delist it by offering premium price to existing shareholders.... nuthing03      ( Date: 29-Nov-2016 13:04) Posted: Close shop = privatised? Eagle88      ( Date: 29-Nov-2016 12:36) Posted: no point becoming a shell company....better close shop and give back the money to shareholders...
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Eagle88 Supreme	29-Nov-2016 13:30        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Reposted for those who missed this.... Eagle88      ( Date: 29-Nov-2016 09:59) Posted: 2.6 Use of Proceeds from the Proposed Disposal The Group expects to receive: (a) at Completion, gross proceeds of approximately S$136,000,000 (before the Adjustment Amount and excluding any Restructuring costs and transaction expenses) from the Proposed Disposal and (b) subject to the completion of the Agreed CHSZ Transaction, and through the exercise of the Put Option or, as the case may be, the Call Option, further gross proceeds of approximately S$14,000,000 (being the Cash Amount, of which the present value is approximately S$12,882,0004 and excluding any Termination Costs, which are to be borne by the Company). The Group intends to utilise the estimated net proceeds of approximately S$120,000,000 (after taking into account the estimated Adjustment Amount and estimated transaction costs) for the following purposes: (i) approximately S$50,000,000 for the repayment of most of the Group&rsquo s banking facilities 2 Calculated based on the Consideration of S$148,882,000 (being the sum of the Closing Amount of S$136,000,000 and the discounted deferred consideration of approximately S$12,882,000), less (a) the estimated Adjustment Amount of S$16,843,000 (b) the NAV of the Disposed Businesses of approximately S$106,123,000 and (c) estimated transaction costs of S$8,500,000. 3 Estimated Adjustment Amount of S$16,843,000 based on assumptions of net debt of S$15,190,000 and capital expenditure adjustment of S$1,653,000 from the Group&rsquo s 9M2016 unaudited Financial Statements. The estimated Adjustment Amount is provided for illustrative purposes only and the final Adjustment Amount will be determined based on an agreed mechanism post-Completion (as described under paragraph 2.3.1(b) above) and may vary from the estimated Adjustment Amount. 4 Based on a discount rate of 4.25% per annum over 2 years. LETTER FROM THE BOARD TO THE SHAREHOLDERS 19 (ii) approximately S$30,000,000 for the general capital management of the Group and financing of working capital of the Group&rsquo s remaining businesses, being the Hard Disk Drive business, mobile devices business and automotive and industrial business and (iii) approximately S$40,000,000 as distributions to Shareholders.  There will be share buy back as well if appoved in the EGM.......very good news overall...
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Eagle88 Supreme	29-Nov-2016 13:25        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	40 million Singapore dollars....not bad actually as it is not closing shop.... Intercept      ( Date: 29-Nov-2016 13:12) Posted: no time to search, so just ask Eagle as he is a supporter. u know the answer? if not let Eagle answer please. thanks nuthing03      ( Date: 29-Nov-2016 13:07) Posted: Kindly look at the circular on sgx announcement.
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Intercept Veteran	29-Nov-2016 13:12        Intercept About Contact  Quote this Post!
x 0   x 0  Alert Admin	no time to search, so just ask Eagle as he is a supporter. u know the answer? if not let Eagle answer please. thanks nuthing03      ( Date: 29-Nov-2016 13:07) Posted: Kindly look at the circular on sgx announcement. Intercept      ( Date: 29-Nov-2016 13:05) Posted: how much dividend did they propose to give shareholders from the sale? thank
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Eagle88 Supreme	29-Nov-2016 13:07        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	New TP should be above 38 cents...lol... Eagle88      ( Date: 29-Nov-2016 12:37) Posted: on the way....and beyond....see the potential in future moneytizing.... tankookoo      ( Date: 29-Nov-2016 11:27) Posted: see if can recover back to 21...
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nuthing03 Member	29-Nov-2016 13:07        nuthing03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kindly look at the circular on sgx announcement. Intercept      ( Date: 29-Nov-2016 13:05) Posted: how much dividend did they propose to give shareholders from the sale? thanks Eagle88      ( Date: 29-Nov-2016 12:37) Posted: on the way....and beyond....see the potential in future moneytizing....
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Intercept Veteran	29-Nov-2016 13:05        Intercept About Contact  Quote this Post!
x 0   x 0  Alert Admin	how much dividend did they propose to give shareholders from the sale? thanks Eagle88      ( Date: 29-Nov-2016 12:37) Posted: on the way....and beyond....see the potential in future moneytizing.... tankookoo      ( Date: 29-Nov-2016 11:27) Posted: see if can recover back to 21...
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nuthing03 Member	29-Nov-2016 13:04        nuthing03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Close shop = privatised? Eagle88      ( Date: 29-Nov-2016 12:36) Posted: no point becoming a shell company....better close shop and give back the money to shareholders... nuthing03      ( Date: 29-Nov-2016 11:54) Posted: Think will become a shell company eventually. CEO is not going to be in this company if this disposal goes through.
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Eagle88 Supreme	29-Nov-2016 12:37        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	on the way....and beyond....see the potential in future moneytizing.... tankookoo      ( Date: 29-Nov-2016 11:27) Posted: see if can recover back to 21...   Eagle88      ( Date: 29-Nov-2016 11:26) Posted: Price rebounded....
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Eagle88 Supreme	29-Nov-2016 12:36        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	no point becoming a shell company....better close shop and give back the money to shareholders... nuthing03      ( Date: 29-Nov-2016 11:54) Posted: Think will become a shell company eventually. CEO is not going to be in this company if this disposal goes through.
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Eagle88 Supreme	29-Nov-2016 12:07        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	As long as it benefits the shareholders by distributing all the proceeds and higher than present share price which is highly discounted to NAV.... nuthing03      ( Date: 29-Nov-2016 11:54) Posted: Think will become a shell company eventually. CEO is not going to be in this company if this disposal goes through.
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nuthing03 Member	29-Nov-2016 11:54        nuthing03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think will become a shell company eventually. CEO is not going to be in this company if this disposal goes through.
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Eagle88 Supreme	29-Nov-2016 11:32        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can go to EGM to ask for higher dividends than proposed....May be 70 millions instead of 40 millions....interest rate is low, why want to clear debts first priority? Eagle88      ( Date: 29-Nov-2016 11:29) Posted: Just imagine who will give so much dividends 40%++ for share that priced only at 20 or 21 cents with NAV that's 38++ cents....lol...
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johnng Supreme	29-Nov-2016 11:31        johnng About Contact  Quote this Post!
x 0   x 0  Alert Admin	AIM SHORT AFTER XD
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Eagle88 Supreme	29-Nov-2016 11:29        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just imagine who will give so much dividends 40%++ for share that priced only at 20 or 21 cents with NAV that's 38++ cents....lol...
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tankookoo Master	29-Nov-2016 11:27        tankookoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	see if can recover back to 21...   Eagle88      ( Date: 29-Nov-2016 11:26) Posted: Price rebounded....
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Eagle88 Supreme	29-Nov-2016 11:26        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Price rebounded....
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Eagle88 Supreme	29-Nov-2016 11:09        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It's a niche market, still able to make money if managed well....if sold now still can get lots of money....May be China or Japanese is interested.... tankookoo      ( Date: 29-Nov-2016 10:17) Posted: Problem is the remaining business is sunset business (harddisk). say 12.49 cents for a sunset busines, might not be interesting. Also think 50 mil is to repay bank loan.  Eagle88      ( Date: 29-Nov-2016 10:11) Posted: dont know why some people are selling as if the company is going to be closed and get nothing....lol... the dividend for the disposal will be 8.51 cents, let say the share price now is 21 cents, after deducting the dividends, the share price is 21-8.51= 12.49 cents ( the remaining NAV should more than justify the 21 cents share price now)....if the company is buying back 10% of the market shares, the share price will be going up by 10%, if the company delist or sell the whole company...the NAV will be much more than 12.49 cents....
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