29-05-2013, 07:29 AM
(29-05-2013, 01:18 AM)heifien91 Wrote: [ -> ](28-05-2013, 11:27 PM)camelking Wrote: [ -> ](28-05-2013, 09:10 PM)heifien91 Wrote: [ -> ](24-01-2013, 02:35 PM)camelking Wrote: [ -> ](24-01-2013, 02:15 PM)guru Wrote: [ -> ]Any idea what is expected dividend for this year?
At 80c, its trading at 30% discount to its NAV, which is quite a lot of cash.
It seems to me that GK is now like a Fund Manager with lots cash and just evaluating good investments when it comes along and only invest when the risk-reward payoffs are favourable and will divest when the right price comes along. It'll therefore be like investing in a fund manager to do the work for you. Of course,the past records appears to be pretty decent.
Prolly a good and safe place to place your excess funds to collect some passive dividends. But other than some dividends here and there, don't think the price will shoot up. Comments pls.
One point to note is part of the cash doesn't belong to GK Goh. It is held in trust by gk Goh Futures. So, you need to take out that portion if you want to calculate the actual cash.
Vested
Hi camelking,
Was wondering why do we have to less off that cash amount? While the money is held in GK Financials the company can decide where the money is invested in hence I feel we should not omit that amount of cash while calculating the intrinsic value?
Thanks.
hi,
no, GK can't touch the money as these are deposits from clients.
I emailed the CFO previously and this was my question..
Qns: I was wondering, these client's cash are they subjected to how the client wants it to be invested or is it for the company to decide where the money is being invested in while paying an interest to the clients?
Ans: On your query on clients’ cash, I believe our clients usually will decide which currency they wish to put funds in but as to where the money is placed, it is decided by the company.
Did someone tell you that the cash in the GK Finance is not for the company to choose how it is being invested?
Maybe you should ask Thomas whether the money belong to GK Goh.
I believe it is your initial question.
Besides, in your question to Thomas, you already stated "clients' cash".
