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BROADWAY IND GROUP : NAV :52.2c . Post Reply Rate topic
Eagle88 Supreme	29-Nov-2016 10:58        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Better sell all and distribute all the balance of the proceeds to shareholders...period... Qanghoo      ( Date: 29-Nov-2016 10:39) Posted: Now that the founder has passed on for nearly two yrs already, believe his son is (or at least trying to be) the driving force behind the coy (his sister continues to sit on the board, I think, but her law career is probably a greater priority).  The family, if I recall correctly, owns 30%+ of the coy.  Not sure if they have the means now to privatise it on their own.  But they might do it with a few partners if they see it in their interest to do so n/or they see no requirement to continue keeping the coy listed. Eagle88      ( Date: 29-Nov-2016 09:50) Posted: sooner or later will sell all and delisted (privatised or sold all)....
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Qanghoo Supreme	29-Nov-2016 10:39        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Now that the founder has passed on for nearly two yrs already, believe his son is (or at least trying to be) the driving force behind the coy (his sister continues to sit on the board, I think, but her law career is probably a greater priority).  The family, if I recall correctly, owns 30%+ of the coy.  Not sure if they have the means now to privatise it on their own.  But they might do it with a few partners if they see it in their interest to do so n/or they see no requirement to continue keeping the coy listed. Eagle88      ( Date: 29-Nov-2016 09:50) Posted: sooner or later will sell all and delisted (privatised or sold all).... ronleech      ( Date: 29-Nov-2016 08:16) Posted: selling profitable asset to jack up price? That sounded bad
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Eagle88 Supreme	29-Nov-2016 10:29        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	analysts havent digested the information yet....DYODD.... Eagle88      ( Date: 29-Nov-2016 10:28) Posted: have to see the track records of the company and management....its a potential candidate for privatization.... tankookoo      ( Date: 29-Nov-2016 10:20) Posted: tot it will hold price at 20 cents...but selldown no good. remind of Declout. - ipo of sub, sale of sub, sharebuyback and still drop.
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Eagle88 Supreme	29-Nov-2016 10:28        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	have to see the track records of the company and management....its a potential candidate for privatization.... tankookoo      ( Date: 29-Nov-2016 10:20) Posted: tot it will hold price at 20 cents...but selldown no good. remind of Declout. - ipo of sub, sale of sub, sharebuyback and still drop.
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tankookoo Master	29-Nov-2016 10:20        tankookoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	tot it will hold price at 20 cents...but selldown no good. remind of Declout. - ipo of sub, sale of sub, sharebuyback and still drop.
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tankookoo Master	29-Nov-2016 10:17        tankookoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	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....   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 10:11        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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....   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 09:59        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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 09:50        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	sooner or later will sell all and delisted (privatised or sold all).... ronleech      ( Date: 29-Nov-2016 08:16) Posted: selling profitable asset to jack up price? That sounded bad
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Eagle88 Supreme	29-Nov-2016 09:47        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If dispose off the remaining company may give 20 cents more to shareholders ? so total dividends will be 28.5 or more? Eagle88      ( Date: 29-Nov-2016 09:34) Posted: Just privatise the whole company after that will give more dividends to shareholders...
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Eagle88 Supreme	29-Nov-2016 09:34        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just privatise the whole company after that will give more dividends to shareholders...
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Eagle88 Supreme	29-Nov-2016 08:45        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	S$40 million as dividends....around 8.5++ cents for 470++ millions shares... Qanghoo      ( Date: 29-Nov-2016 08:29) Posted: To be fair, this coy used to be quite good with div when it was doing well.  N people are expecting a generous div after the sale, I think.  My concern is then what after that?  The data storage business seems like a sunset industry liao.  So, unless they can re-invent themselves into something else, which we can' t rull out of course, I' m wary what' s gonna become of them. ronleech      ( Date: 29-Nov-2016 08:16) Posted: selling profitable asset to jack up price? That sounded bad
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Qanghoo Supreme	29-Nov-2016 08:29        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	To be fair, this coy used to be quite good with div when it was doing well.  N people are expecting a generous div after the sale, I think.  My concern is then what after that?  The data storage business seems like a sunset industry liao.  So, unless they can re-invent themselves into something else, which we can' t rull out of course, I' m wary what' s gonna become of them. ronleech      ( Date: 29-Nov-2016 08:16) Posted: selling profitable asset to jack up price? That sounded bad
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Terraces Member	29-Nov-2016 08:25        Terraces About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Hope this will not another Decloud in disguise.
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ronleech Elite	29-Nov-2016 08:16        ronleech About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Believe in yourself. Ride with the waves......"
x 0   x 0  Alert Admin	selling profitable asset to jack up price? That sounded bad
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Qanghoo Supreme	29-Nov-2016 06:15        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Selling the part of business that is turning ard with improved China vehicle mkt, but keeping the loss-making n dim-prospect data storage part of the business.  What kind of business sense does the board have?  Eagle88      ( Date: 29-Nov-2016 01:23) Posted: Huat Liao!
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Eagle88 Supreme	29-Nov-2016 01:23        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Huat Liao!
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Eagle88 Supreme	28-Nov-2016 17:39        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Price maintained at 21 with high volume... good sign...
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Eagle88 Supreme	28-Nov-2016 15:39        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Early Bird catches the worms...
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Eagle88 Supreme	28-Nov-2016 15:32        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This stock starting to move liao....
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