Versalink    Last:0.05    +0.002

Versalink Net cash higher than share price

Can it be same player yesterday bought those shares ?

stockinvestor      ( Date: 16-Jan-2023 16:15) Posted: Versalink announced a Q3 loss but seems to have indicated that it will pay an interim dividend of $0.018 in addition to the $0.06 capital reduction.  Buyers bought 30,000 shares at $0.110 and 20,000 shares at $0.111 so far today.

 

Total Volume crawled past 100,000 shares for today:

20,000 at $0.119
42,000 at $0.120
38,100 at $0.121 

Weighted average price of shares accumulated is $0.1202.

stockinvestor      ( Date: 17-Jan-2023 16:49) Posted: with 10 minutes to go, buyers bought: 20,000 at $0.119 12,000 at $0.120 26,000 at $0.121

 

with 10 minutes to go, buyers bought:

20,000 at $0.119
12,000 at $0.120
26,000 at $0.121 

 

After the $0.06 cash distribution, there' s a further $0.018 interim dividend.

stockinvestor      ( Date: 17-Jan-2023 09:09) Posted: Versalink has announced that the $0.06 will go ex-div on 25/1.  Given the CNY holidays before that, last day to buy to be entitled to the $0.06 is this Friday.

 

buyers have so far bought:

20,000 at $0.119
12,000 at $0.120
10,000 at $0.121 

 

Versalink has announced that the $0.06 will go ex-div on 25/1.  Given the CNY holidays before that, last day to buy to be entitled to the $0.06 is this Friday.

 

Versalink announced a Q3 loss but seems to have indicated that it will pay an interim dividend of $0.018 in addition to the $0.06 capital reduction.  Buyers bought 30,000 shares at $0.110 and 20,000 shares at $0.111 so far today.

 

someone managed to buy 92,900 shares at $0.108 so far today.

 

both counters similar volume and similar price haha

bechaotic      ( Date: 30-Dec-2022 15:25) Posted: Another counter giving back excess cash is Sapphire.  Capital reduction about 4.5 cts payable in Feb/Mar also. Today it' s started moving!

 

Another counter giving back excess cash is Sapphire.  Capital reduction about 4.5 cts payable in Feb/Mar also.

Today it' s started moving!
 

 

$0.109 cleared by buyer.

stockinvestor      ( Date: 30-Dec-2022 13:27) Posted: $0.108 cleared by buyer. stockinvestor      ( Date: 30-Dec-2022 13:18) Posted: $0.107 cleared by buyer

 

$0.108 cleared by buyer.

stockinvestor      ( Date: 30-Dec-2022 13:18) Posted: $0.107 cleared by buyer. stockinvestor      ( Date: 30-Dec-2022 13:14) Posted: $0.106 cleared by buyer

 

$0.107 cleared by buyer.

stockinvestor      ( Date: 30-Dec-2022 13:14) Posted: $0.106 cleared by buyer. stockinvestor      ( Date: 30-Dec-2022 10:30) Posted: some buying observed at $0.104 and $0.105 today.  management guided during EGM Q& A that the $0.06 cash may be paid out in February.  sale of property had been completed and cash received by the company on 2 Dec

 

$0.106 cleared by buyer.

stockinvestor      ( Date: 30-Dec-2022 10:30) Posted: some buying observed at $0.104 and $0.105 today.  management guided during EGM Q& A that the $0.06 cash may be paid out in February.  sale of property had been completed and cash received by the company on 2 Dec. stockinvestor      ( Date: 04-Nov-2022 10:42) Posted: The company will pay out $0.06 in cash after the sale of the property. The last done price of the stock is $0.111. Estimated NAV after sale $0.1626. Estimated net cash $0.1071 After the $0.06 is paid out, NAV $0.1026, Net Cash $0.0471, if share price adjusts by $0.06 to $0.051, the valuations will still be attractive at 0.5x p/b and just above net cash.

 

some buying observed at $0.104 and $0.105 today.  management guided during EGM Q& A that the $0.06 cash may be paid out in February.  sale of property had been completed and cash received by the company on 2 Dec.

stockinvestor      ( Date: 04-Nov-2022 10:42) Posted: The company will pay out $0.06 in cash after the sale of the property. The last done price of the stock is $0.111. Estimated NAV after sale $0.1626. Estimated net cash $0.1071 After the $0.06 is paid out, NAV $0.1026, Net Cash $0.0471, if share price adjusts by $0.06 to $0.051, the valuations will still be attractive at 0.5x p/b and just above net cash.

 

The company will pay out $0.06 in cash after the sale of the property. The last done price of the stock is $0.111. Estimated NAV after sale $0.1626. Estimated net cash $0.1071

After the $0.06 is paid out, NAV $0.1026, Net Cash $0.0471, if share price adjusts by $0.06 to $0.051, the valuations will still be attractive at 0.5x p/b and just above net cash.

 

As the company was already in a net cash position before this disposal, the net proceeds of RM 39,804,000 (S$12,621,848.40 at exchange rate of $0.3171) is simply added to company' s cash balance and not to repay debt.  This translates to S$0.0935 per share after dividing by 135m shares.  The company has a further S$0.067 worth of net assets in the form of other PPE, inventories, trade receivables and cash.

 

 

https://www.theedgesingapore.com/news/property/versalink-disposes-property-130-mil
 

Versalink disposes of property for $13.0 mil

SGX-listed Versalink has sold its property in Malaysia to Bursa-listed Axis-REIT for a cash consideration of RM41 million ($13.0 million).

On July 12, Versalink&rsquo s wholly-owned subsidiary, Jemaramas Jaya Sdn Bhd, accepted a binding letter of offer for the sale of the parcel of land at Lot 6119, Jalan Haji Salleh Batu 5 ½ off Jalan Meru 41050 Klang, Selangor to RHB Trustees Berhad, the REIT trustee.

The property comprises freehold land occupying an area of approximately 24,952 sqm. It is occupied by Versalink&rsquo s office, showroom, warehouse and principal manufacturing facility which has a total built-up area of approximately 17,949 square metres.

Based on the valuation report commissioned by Jemaramas, the property&rsquo s market valuation comes up to RM41 million as at April 21.

As part of the proposed sale, both Jemaramas and Axis-REIT will enter into a tenancy agreement to enable the former to continue occupying the property after the completion of the sale.
 

The terms of the tenancy agreement include a fixed tenancy term of three years and a monthly rental of RM220,804.60.

The proposed sale is said to be in the best interests of the group and its shareholders as it will enable the group to realise the value of the property and improve the group&rsquo s cashflow. The proposed sale will also provide additional working capital for the group&rsquo s operations.

Following the sale, Versalink will record a net gain of RM22.0 million after deducting the property&rsquo s book value of RM17.8 million and estimated expenses.

The estimated net proceeds from the sale after deducting estimated expenses will come up to RM39.8 million.

Shares in Versalink closed flat at 5.5 cents on July 12.