(11-06-2014, 09:24 PM)BlueKelah Wrote: [ -> ] (11-06-2014, 09:17 AM)Harvest Time Wrote: [ -> ] (09-06-2014, 09:08 AM)Harvest Time Wrote: [ -> ]EGM
http://infopub.sgx.com/FileOpen/Noticeof...eID=300466
Hopefully PNE Ind give special dividend or expand the biz after they disposed PNE PCB BHD.
One year chart of PNE PCB BHD
[Image: chart?timeout=10&h=225&w=220&type=gp_lin...ml&img=png]
wow this disposal will be about 20million SGD added in to cash value. Much like NSL and baker tech this company is downsizing business but upsizing its cash holdings....
how typical on SGX, news leak and stock price moves up before announcement...
-vested-
Please correct me if I am wrong. It should be S$8M (after converting from Malaysian Ringgit to SGD). Still a relatively large amount for the company but not as great as the S$20M sgd mentioned.
sorry my bad, forgot to factor in the 40+% ownership of PNE PCB so should be around your figure of SGD 8 million.
Still a fair amount of cash coming in soon and good thing they are cashing out a good high price.
However will impact future revenue as well. With the emergency lighting division left as the main revenue which I think wont be growing all that much.
Wonder who they are selling it to, have not mention yet.
PNE PCB Berhad suffer small losses. Hence it a good corporate move to dispose at good price.
Assuming they dispose PNE PCB BHD at market price, cash increase (assume $8m) from $18.571m to $26.571m
PNE Ind has 42.8% stake of PNE PCB Berhad.
Market cap is MYR$51.94m
Exchange rate is 2.57473
==>
0.428 * 51.94m /2.57473
= S$8.634m
PNE Ind has 42.8% stake of PNE PCB Berhad.
Market cap increased to MYR$54.24m
Exchange rate is 2.57799
==>
0.428 * 54.24m /2.57799
= S$9.004m
PNE PCB Berhad market cap is MYR$56.21m
PNE PCB Berhad market cap is MYR$58.84m.
PNE PCB Berhad market cap is MYR$59.83m.