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n3wbie Elite	28-Nov-2016 11:54        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	no, I believe it depends on the total number of shares being handed over to the Group. there are 674m outstanding shares, so if only half of those shares (337m) are being surrendered back to the Group, existing shareholders will have about 50% of your script handed over to Group since the deal is structured to be pro-rated. (or at least from my understanding). the buy-back of 23m shares just represents 3.4% of the total no. of outstanding shares. ysh2006      ( Date: 28-Nov-2016 11:37) Posted: Can clarify buy back 3.4% mean if I have 10000 shares they will buy back 340 shares from me at 31.5c ? am I correct ...? edwinjup      ( Date: 27-Nov-2016 17:02) Posted: If co do share buyback from open market.....shareholders happy but mgt sian...because they cannot unload orelse sure kanna kpkb...but this.type of buyback...mgt super happy as they can unload lots at damn good price...3.4% to them is a big chunk.of money......
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gavin211 Member	28-Nov-2016 11:40        gavin211 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes. which leave you with odd lot ysh2006      ( Date: 28-Nov-2016 11:37) Posted: Can clarify buy back 3.4% mean if I have 10000 shares they will buy back 340 shares from me at 31.5c ? am I correct ...? edwinjup      ( Date: 27-Nov-2016 17:02) Posted: If co do share buyback from open market.....shareholders happy but mgt sian...because they cannot unload orelse sure kanna kpkb...but this.type of buyback...mgt super happy as they can unload lots at damn good price...3.4% to them is a big chunk.of money......
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ysh2006 Supreme	28-Nov-2016 11:37        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can clarify buy back 3.4% mean if I have 10000 shares they will buy back 340 shares from me at 31.5c ? am I correct ...? edwinjup      ( Date: 27-Nov-2016 17:02) Posted: If co do share buyback from open market.....shareholders happy but mgt sian...because they cannot unload orelse sure kanna kpkb...but this.type of buyback...mgt super happy as they can unload lots at damn good price...3.4% to them is a big chunk.of money......
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investshare Supreme	27-Nov-2016 18:50        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wonder if this is some bankers recommendation. If dividend, they don't earn anything.
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edwinjup Supreme	27-Nov-2016 17:02        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	If co do share buyback from open market.....shareholders happy but mgt sian...because they cannot unload orelse sure kanna kpkb...but this.type of buyback...mgt super happy as they can unload lots at damn good price...3.4% to them is a big chunk.of money......
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n3wbie Elite	27-Nov-2016 13:43        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	acclivis is certainly one of the crown jewels of the Group and having disposed it (reaping   gain of $27.9m) could not even be positive for the share price perfomance then I doubt there will be any other near-mid term catalysts. the disposal of acclivis would also take a hit to the Group' s NTA given that it is in the ICT business (usually asset heavy). this share buy-back arrangement should technically be good for shareholders (both in the near and long-term) given that there are some tangible benefits (as you hand over a proportion of shares to company at 31.5c) while long term (there is EPS boost). the problem however lies in the many moving parts of the transaction - by committing to buy back only 23m shares, shareholders dont even know the exact proportion of shares that DeClout is buying back because it depends on who wants to sell back to the Group. realistically, if I am a shareholder, chances are my shares are underwater and would almost definitely want to sell back to the company at 31.5c. so when all shareholders are thinking of doing the same (worst case scenario), I' m only selling back 3.4% of my holdings at 31.5c - quite frankly don' t think that is substantial enough to make an impact. from the Group' s perspective, they are committing a substantial amount of $7.2m for this exercise. overall - the way I see it: DeClout thinks they are doing their shareholders a favour with this innovative method of buy-back and committing substantial portion of their gains ($7.2m from $27.9m) but this may be too insignificant from the shareholders' perspective given that the buy-back is only for 3.4%. it wouldn' t really enhance EPS that much anyway. perhaps with that money committed to reward shareholders, a simple special dividend that commnds X% yield would probably make more sense to shareholders/new investors, etc. in general, I think the market likes simple tangible returns and herd instinct is inevitable in any market. such an arrangement simply is too complex, incurs unnecessary costs and time (need to hold another EGM) and most importantly fail to deliver the positive results expected.
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anthonykwong Supreme	27-Nov-2016 12:42        anthonykwong About Contact  Quote this Post!
x 0   x 0  Alert Admin	of course this share buyback chng chng... dont apply to all but some...maybe a lot... if you look at some listed companies, very funny when price is XXXXX they did a lot of share buyback...but when price is XX, no share buyback... who are these companies ? again why should i share so much of my wisdom here ? a lot of evil hearted ugly hypocrites forummers here do not deserve it when some forummers are nice people, i will hint my support with right encouragements...and hints anthonykwong      ( Date: 27-Nov-2016 12:32) Posted: share buyback sometimes is a way of ..helping ....so and so.....to .... chng ching out.... and shares kept as treasury if given as performance bonus ...etc... only benefits who ? in sgx here, try to find listed companies that know how to reward retail shareholders....and to be honest, very few knows how to as such, avoid listed companies you deem dont know how to reward holders when doing OK and yet asking $$$$$$$$ from holders such as via rights issues when doing NOT OK who are these companies ? as retail investors, that is your skill to spot such companies then.... to do your own homework a lot retailers chose to do the easy way by reading press release summarized results only...saying wa...revenue up so much ...profit up so much..... (lazy to do homework perhaps ?) i know some stocks of listed companies i think i can trust they will reward shareholders when they doing well...but why should i share them here ? a lot of forummers here have ugly hearts with words of poisons....and they think they disguised themselves up very well.... nah simple to read these hypocrites
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anthonykwong Supreme	27-Nov-2016 12:32        anthonykwong About Contact  Quote this Post!
x 0   x 0  Alert Admin	share buyback sometimes is a way of ..helping ....so and so.....to .... chng ching out.... and shares kept as treasury if given as performance bonus ...etc... only benefits who ? in sgx here, try to find listed companies that know how to reward retail shareholders....and to be honest, very few knows how to as such, avoid listed companies you deem dont know how to reward holders when doing OK and yet asking $$$$$$$$ from holders such as via rights issues when doing NOT OK who are these companies ? as retail investors, that is your skill to spot such companies then.... to do your own homework a lot retailers chose to do the easy way by reading press release summarized results only...saying wa...revenue up so much ...profit up so much..... (lazy to do homework perhaps ?) i know some stocks of listed companies i think i can trust they will reward shareholders when they doing well...but why should i share them here ? a lot of forummers here have ugly hearts with words of poisons....and they think they disguised themselves up very well.... nah simple to read these hypocrites
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ysh2006 Supreme	26-Nov-2016 21:09        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why don't you all go attend EGM and question Mgt ?... anthonykwong      ( Date: 26-Nov-2016 21:02) Posted: aftee reading your point of view, it reaffirms my beliefs to avoid this counter "at all costs" MichaelSchenker      ( Date: 24-Nov-2016 18:24) Posted: " If they use the shares to swap for acquisitions purpose, it again has pro and con. Pro is not need to pay cash, but con is it is value destruction since share price is way below book." This is a Good point raised! Whatever is said and done by the management, I am convinced that DeClout is not a good company, meaning bad management. And I would reiterate DeClout did not pay any dividend sine IPO more than 4 years ago despite doing not too badly. So, what is the compelling reason to continue to support them? None! We want returns, there is none. when they need money, we support thru subscribing for rights. Disappointing! Moving on...
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anthonykwong Supreme	26-Nov-2016 21:02        anthonykwong About Contact  Quote this Post!
x 0   x 0  Alert Admin	aftee reading your point of view, it reaffirms my beliefs to avoid this counter "at all costs" MichaelSchenker      ( Date: 24-Nov-2016 18:24) Posted: " If they use the shares to swap for acquisitions purpose, it again has pro and con. Pro is not need to pay cash, but con is it is value destruction since share price is way below book." This is a Good point raised! Whatever is said and done by the management, I am convinced that DeClout is not a good company, meaning bad management. And I would reiterate DeClout did not pay any dividend sine IPO more than 4 years ago despite doing not too badly. So, what is the compelling reason to continue to support them? None! We want returns, there is none. when they need money, we support thru subscribing for rights. Disappointing! Moving on...     investshare      ( Date: 24-Nov-2016 17:42) Posted: Granted the deal is unconventional and looks messy, if the management do this for the interest of company, then it is still good for long term shareholders. The test to whether it is good for company is how they going to use the purchased share assuming all else remain the same. Now this is the tricky part. If they use it to pay bonus, it should be good vs pay in cash. But then the number of share to award is the question. If they use the shares to swap for acquisitions purpose, it again has pro and con. Pro is not need to pay cash, but con is it is value destruction since share price is way below book
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anthonykwong Supreme	26-Nov-2016 20:45        anthonykwong About Contact  Quote this Post!
x 0   x 0  Alert Admin	better avoid this declout 3rd Qtr : revenue increased $67 mil to $81 mil loss : $3 mil vs profit $463 000 this is not very good at all Rev up vs 3rd qtr last year yet incur a loss against small profit for lower revenue last qtr and eradite and marcus cheng sold Acclivis Tech to Citic Tel and within a month marcus cheng ceases as EO will visit range 11 to 13 cts soon
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gavin211 Member	24-Nov-2016 18:47        gavin211 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i agreed you guys should just move on. sell down. so i can get in cheaper.
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tankookoo Master	24-Nov-2016 18:27        tankookoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Forget Declout, better counters out there... MichaelSchenker      ( Date: 24-Nov-2016 18:24) Posted: " If they use the shares to swap for acquisitions purpose, it again has pro and con. Pro is not need to pay cash, but con is it is value destruction since share price is way below book." This is a Good point raised! Whatever is said and done by the management, I am convinced that DeClout is not a good company, meaning bad management. And I would reiterate DeClout did not pay any dividend sine IPO more than 4 years ago despite doing not too badly. So, what is the compelling reason to continue to support them? None! We want returns, there is none. when they need money, we support thru subscribing for rights. Disappointing! Moving on...     investshare      ( Date: 24-Nov-2016 17:42) Posted: Granted the deal is unconventional and looks messy, if the management do this for the interest of company, then it is still good for long term shareholders. The test to whether it is good for company is how they going to use the purchased share assuming all else remain the same. Now this is the tricky part. If they use it to pay bonus, it should be good vs pay in cash. But then the number of share to award is the question. If they use the shares to swap for acquisitions purpose, it again has pro and con. Pro is not need to pay cash, but con is it is value destruction since share price is way below book
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MichaelSchenker Master	24-Nov-2016 18:24        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	" If they use the shares to swap for acquisitions purpose, it again has pro and con. Pro is not need to pay cash, but con is it is value destruction since share price is way below book." This is a Good point raised! Whatever is said and done by the management, I am convinced that DeClout is not a good company, meaning bad management. And I would reiterate DeClout did not pay any dividend sine IPO more than 4 years ago despite doing not too badly. So, what is the compelling reason to continue to support them? None! We want returns, there is none. when they need money, we support thru subscribing for rights. Disappointing! Moving on...     investshare      ( Date: 24-Nov-2016 17:42) Posted: Granted the deal is unconventional and looks messy, if the management do this for the interest of company, then it is still good for long term shareholders. The test to whether it is good for company is how they going to use the purchased share assuming all else remain the same. Now this is the tricky part. If they use it to pay bonus, it should be good vs pay in cash. But then the number of share to award is the question. If they use the shares to swap for acquisitions purpose, it again has pro and con. Pro is not need to pay cash, but con is it is value destruction since share price is way below book. MichaelSchenker      ( Date: 24-Nov-2016 17:08) Posted: Thanks for pointing to the straight answer. DeClout has never given any dividend since day 1. Some minorities stuck with them for years, went thru' the rights issue. When it' s time to enjoy the " harvest" this is how management " reward" the loyal shareholders. This is a simple indication to tell everybody that it doesn' t pay to hold the shares for long term. Don' t expect dividend income. You can punt this stock, but do not invest in it. Very bad management. Those going to EGM, remember to give them hell during Q& A
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BBbull Senior	24-Nov-2016 17:46        BBbull About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone knows how many % votes they need to approve the resolution?
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investshare Supreme	24-Nov-2016 17:42        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Granted the deal is unconventional and looks messy, if the management do this for the interest of company, then it is still good for long term shareholders. The test to whether it is good for company is how they going to use the purchased share assuming all else remain the same. Now this is the tricky part. If they use it to pay bonus, it should be good vs pay in cash. But then the number of share to award is the question. If they use the shares to swap for acquisitions purpose, it again has pro and con. Pro is not need to pay cash, but con is it is value destruction since share price is way below book. MichaelSchenker      ( Date: 24-Nov-2016 17:08) Posted: Thanks for pointing to the straight answer. DeClout has never given any dividend since day 1. Some minorities stuck with them for years, went thru' the rights issue. When it' s time to enjoy the " harvest" this is how management " reward" the loyal shareholders. This is a simple indication to tell everybody that it doesn' t pay to hold the shares for long term. Don' t expect dividend income. You can punt this stock, but do not invest in it. Very bad management. Those going to EGM, remember to give them hell during Q& A   investshare      ( Date: 24-Nov-2016 15:43) Posted: This is what Management said about how they will use the purchased shares.   The purchase of Shares pursuant to the Equal Access Offer will also allow the Company to hold them in treasury for the purpose of fulfilling its obligations under its employee share schemes or plans, for use as currency for mergers and acquisitions, and for raising funds through placements to investors or any other lawful purpose.
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gavin211 Member	24-Nov-2016 17:36        gavin211 About Contact  Quote this Post!
x 0   x 0  Alert Admin	long term investing for me. will keep averaging down as long my cash allow to.
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sheerluck Supreme	24-Nov-2016 17:11        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Do note that it is legal to reward shareholder in this way. Even if they don't give also legal one. What can you do to them. So long as they cheat your money in a legal way, law will protect the them. investshare      ( Date: 24-Nov-2016 15:43) Posted: This is what Management said about how they will use the purchased shares.   The purchase of Shares pursuant to the Equal Access Offer will also allow the Company to hold them in treasury for the purpose of fulfilling its obligations under its employee share schemes or plans, for use as currency for mergers and acquisitions, and for raising funds through placements to investors or any other lawful purpose.
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MichaelSchenker Master	24-Nov-2016 17:08        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for pointing to the straight answer. DeClout has never given any dividend since day 1. Some minorities stuck with them for years, went thru' the rights issue. When it' s time to enjoy the " harvest" this is how management " reward" the loyal shareholders. This is a simple indication to tell everybody that it doesn' t pay to hold the shares for long term. Don' t expect dividend income. You can punt this stock, but do not invest in it. Very bad management. Those going to EGM, remember to give them hell during Q& A   investshare      ( Date: 24-Nov-2016 15:43) Posted: This is what Management said about how they will use the purchased shares.   The purchase of Shares pursuant to the Equal Access Offer will also allow the Company to hold them in treasury for the purpose of fulfilling its obligations under its employee share schemes or plans, for use as currency for mergers and acquisitions, and for raising funds through placements to investors or any other lawful purpose.
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investshare Supreme	24-Nov-2016 15:43        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is what Management said about how they will use the purchased shares.   The purchase of Shares pursuant to the Equal Access Offer will also allow the Company to hold them in treasury for the purpose of fulfilling its obligations under its employee share schemes or plans, for use as currency for mergers and acquisitions, and for raising funds through placements to investors or any other lawful purpose.
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