CEI Limited (formerly: CEI Contract Manufacturing)

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#31
CEI reported a good set of half year results and declared a total of $0.048 interim dividend. Based on last done price of $0.46, dividend yield for half year is a good 10.4%. Assuming a conservative $0.04 final dividend for this FY, total potential dividend for this year could be $0.088 and potential dividend yield of 19.1%.
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#32
yeah another set of dividends $0.052 in total.

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#33
Change of company name from "CEI Contract Manufacturing Limited" to "CEI Limited" with effect from 6 April 2016.
Specuvestor: Asset - Business - Structure.
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#34
AEM is offering to take CEI private. Any input if the offer is Fair?

No update yet from the IFA on the offer
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#35
SGX approved AEM's offer to take CEI at 1.15...

Share price moved up to SGD 1.22. Waiting for AEM to up the ante.
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#36
(15-02-2021, 12:31 PM)Reenat Wrote: SGX approved AEM's offer to take CEI at 1.15...

Share price moved up to SGD 1.22.  Waiting for AEM to up the ante.

I think you might have mistaken. CEI share price moving above the offer price might be due to the fact that shareholders could choose part cash, part AEM shares option instead of all cash offer at $1.15. Which means, without AEM having to revise the current offer price, CEI shares is already worth more than $1.15 if AEM share price continues to move up.
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#37
(15-02-2021, 06:00 PM)ghchua Wrote:
(15-02-2021, 12:31 PM)Reenat Wrote: SGX approved AEM's offer to take CEI at 1.15...

Share price moved up to SGD 1.22.  Waiting for AEM to up the ante.

I think you might have mistaken. CEI share price moving above the offer price might be due to the fact that shareholders could choose part cash, part AEM shares option instead of all cash offer at $1.15. Which means, without AEM having to revise the current offer price, CEI shares is already worth more than $1.15 if AEM share price continues to move up.

Yup, you got a point there.  I did the math earlier this afternoon and noted the gain due if the cash+AEM share option is taken.
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#38
Wonder when is the results for FY 2020 will be announced?  Will the management announce any dividend payment?

Did a quick read of AEM offer, it says nothing about dividend payment and if dividends are declared, the offer prices will be reduced..
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