IPC Corp
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NAV 28c OHL Jap hotel property play
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More CA$H with disposal at $41m and investing in AI with focus on One belt one road initiative
NAV is $1.2
gd luck dyodd
IPC announces hotel disposal, purchase of stake in robot development company
Mon, Sep 18, 2017 - 10:58 PM
IPC Corporation on Monday said that it has signed a non-binding heads of agreement to sell its Grand nest HOTEL zhuhai to Xinyuan (China) Real Estate, a unit of New York-listed Xinyuan Real Estate, for an indicative price of about 200 million yuan (S$41 million).
The proposed disposal is subject to regulatory approvals, board approval and/or shareholders' approval, as well as due diligence being conducted on the property.
The parties will continue to negotiate in a commercially reasonable manner with a view to finalising and executing definitive agreements within 30 days.
Separately, IPC also said that it has signed a non-binding heads of agreement with the same subsidiary of Xinyuan Real Estate to acquire a 51 per cent equity interest in Beijing iJourney Technology Development Co for an indicative purchase price of about US$5.1 million, which is likely to be satisfied through the issue of new shares at S$0.40 each.
Capitalising on artificial intelligence technology, the target company does research, development and marketing of robots which serve the needs of families. Its products target the smart home market and it expects to become an Internet traffic portal to the next generation of the Internet of Things.
IPC said: " Through the acquisition of the target company, the group will be making its first foray into the artificial intelligence business. The company will embark on its ' One Belt One Net' initiative in the area of data centres, digital technologies and services. Such ' One Belt One Net' initiatives will complement China' s ' One Belt One Road' project," it said.
IPC resumes trading on Tuesday.
Big wave created by big boss.
He has given up on the ngiams. Gosh, i can imagine the loss he' s sustain in this share. Good luck
ozone2002 ( Date: 30-Aug-2017 22:30) Posted:
Last:0.385 Vol:0k -
no activity with price slide.... OHL so low profile this time |
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Last:0.385 Vol:0k -
no activity with price slide.... OHL so low profile this time
Last:0.6 Vol:330k 
+0.03
has been running the past week, finally market recognizing its undervaluedness?
gd luck DYODD
ozone2002 ( Date: 18-Dec-2015 09:35) Posted:
NTA per share b4 capital reduction $2.44. current price $2, thats' 20% discount to current NTA
After capital reduction, NTA $1.21, price should be $2-$1.6=$0.40 that' s thats 67% discount to post capital reduction NTA
Gd luck dyodd
NTA per Share
Number of issued Shares: 85,291,885
NTA per Share before Capital Reduction: S$2.44
NTA per Share after Capital Reduction: S$1.21
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When will the $1.60/share payout date? Like never mention anywhere.
When will we receive the money? Did not find any info.
debronic ( Date: 19-Feb-2016 10:20) Posted:
Payout of $1.60 approved at EGM yesterday.
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Also the title of this thread needs to be updated to account for consolidation. NTA is around $2.80. After distribution of $1.60, the ex-div share price should be around $0.35 cts (if share price stays at $1.95 now), out of which $0.20 is in net cash and liquid assets and another $1 in property assets.
Payout of $1.60 approved at EGM yesterday.
EGM on 18 Feb. payday is coming!!!!
Gd luck DYODD
When start give money???
FaceTheFact ( Date: 06-Jan-2016 15:41) Posted:
With the dividend at $1.60 and EPS at $0.70 (below), it' s still worth holding even after the payout. I' m holding to mine. DYODD!
EPS
The financial effects of the Proposed Capital Reduction on the EPS of the Group are:-
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B4 Cap Reduction
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After Cap Reduction
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Profits attributable to S/Hs (S$&rsquo 000)
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28,634
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59,754
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Weighted ave no.of Shares:
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85,291,885
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85,291,885
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Earnings per Share (S$)
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0.34
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0.70
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Gearing
The financial effects of the Proposed Capital Reduction on the gearing of the Group are:-
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B4 Cap Reduction
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After Cap Reduction
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Total Borrowings (S$&rsquo 000)
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103,427
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14,381
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SHs&rsquo Equity (S$&rsquo 000)
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208,220
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102,873
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Gearing Ratio
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0.5
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0.14
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With the dividend at $1.60 and EPS at $0.70 (below), it' s still worth holding even after the payout. I' m holding to mine. DYODD!
EPS
The financial effects of the Proposed Capital Reduction on the EPS of the Group are:-
|
B4 Cap Reduction
|
After Cap Reduction
|
Profits attributable to S/Hs (S$&rsquo 000)
|
28,634
|
59,754
|
Weighted ave no.of Shares:
|
85,291,885
|
85,291,885
|
Earnings per Share (S$)
|
0.34
|
0.70
|
Gearing
The financial effects of the Proposed Capital Reduction on the
gearing of the Group are:-
|
B4 Cap Reduction
|
After Cap Reduction
|
Total Borrowings (S$&rsquo 000)
|
103,427
|
14,381
|
SHs&rsquo Equity (S$&rsquo 000)
|
208,220
|
102,873
|
Gearing Ratio
|
0.5
|
0.14
|
Last:1.965 Vol:79k 
-0.005
lacklustre after the deal announcement
back to penny territory? Are they sentencing themselves to mtp2?
ozone2002 ( Date: 18-Dec-2015 09:35) Posted:
NTA per share b4 capital reduction $2.44. current price $2, thats' 20% discount to current NTA
After capital reduction, NTA $1.21, price should be $2-$1.6=$0.40 that' s thats 67% discount to post capital reduction NTA
Gd luck dyodd
NTA per Share
Number of issued Shares: 85,291,885
NTA per Share before Capital Reduction: S$2.44
NTA per Share after Capital Reduction: S$1.21
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NTA per share b4 capital reduction $2.44. current price
$2, thats'
20% discount to current NTA
After capital reduction, NTA $1.21, price should be $2-$1.6=
$0.40 that' s thats
67% discount to post capital reduction NTA
Gd luck dyodd
NTA per Share
Number of issued Shares: 85,291,885
NTA per Share before Capital Reduction: S$2.44
NTA per Share after Capital Reduction: S$1.21
http://www.businesstimes.com.sg/companies-markets/ipc-to-pay-s160-a-share-in-capital-reduction-after-sale-of-seven-hotels
ozone2002 ( Date: 17-Dec-2015 14:41) Posted:
2.03 Vol:475k +0.145
y the price now only $2.03....
still undervalued, take away $1.6 is only 40c... Still got,upside..
gd luck DYODD
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2.03 Vol:475k +0.145
y the price now only $2.03....
still undervalued, take away $1.6 is only 40c... Still got,upside..
gd luck DYODD
Huat ah $1.6 to shareholders... SHIOK!
NTA per Share
Number of issued Shares: 85,291,885
NTA per Share before Capital Reduction: S$2.44
NTA per Share after Capital Reduction: S$1.21
Plus the $1.60, NTA per share is $2.80.
Ozone, you' re GOOD Well done!!
ozone2002 ( Date: 04-Dec-2015 16:59) Posted:
This is my analysis of how much IPC is worth.
Waiting to collect the bounty on 17 Dec :)
Gd luck DYODD
ozone2002 ( Date: 09-Nov-2015 11:45) Posted:
Last:1.735 Vol:1419k +0.335
current NAV is $2.48, with the proceeds from the sale of the hotels is $31m which translates to about 36c
add them together IPC is valued at $2.84
gd luck DYODD
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THE PROPOSED CAPITAL REDUCTION
2.1 Details of the Proposed Capital Reduction
The Company is proposing to return S$1.60 in cash for each Share held by Shareholders or on their behalf as at the Books Closure Date. Based on the issued and paid-up share capital of the Company of approximately S$169,982,780 comprising 85,291,885 Shares, as at the date of this announcement, an aggregate amount of approximately S$136.467 million will be returned to Shareholders pursuant to the Proposed Capital Reduction. The actual aggregate Cash Distribution to be made to the Shareholders pursuant to the Proposed Capital Reduction will be based on the issued and paid-up share capital of the Company as at the relevant Books Closure Date.
The Proposed Capital Reduction will not result in a cancellation of Shares, or change in the number of Shares held by any Shareholder. Each Shareholder will hold the same number of Shares before and immediately after the Proposed Capital Reduction.
FaceTheFact ( Date: 17-Dec-2015 12:26) Posted:
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