23-03-2019, 05:51 PM
Thanks to all the buddies who shared this opportunity - I had not followed this Co previously and is now scrambling to read all the documents. But I am still a little confused.
No. of issued shares based on FY2018 Results : : 233,916,970
https://links.sgx.com/FileOpen/MIT_Annou...eID=545070
80% Payment Received : $67.6 mil (I assume this figure is inclusive of reimbursement of S$8 mil for the cash left by the Co in MIT Semiconductor ? )
20% Escrow : $16.9 mil
https://links.sgx.com/FileOpen/MIT_Annou...eID=544271
Per share basis
*80% Payment Received : $67,600,000/223,916,970 = $0.3
**20% Escrow : $16,900,000 / 223,916,970 = $0.08
Total gains per share = $0.3+$0.08 = $0.38
*As shared previously, DPS to be distributed from 80% payment rec will be : $0.155+$0.085 = $0.24
http://infopub.sgx.com/FileOpen/Announce...eID=548365
**If Co distributes the $16.9 mil from 20% Escrow Account, it will be $0.07 per share - think this may be from one of the past new releases, together with the $0.02 per share ?
So in terms of per share,
share price(est) vs | confirmed get | subject to conditions(Escrow) | NAV after distribution^
$0.355 | $0.24 | $0.07 | $0.19(of which $0.083 is cash)
^I think the left over CEM portion of the Co. is currently loss making.
Is my understanding right ?
PS : still reading and trying to piece the picture before mkt starts on Mon.
No. of issued shares based on FY2018 Results : : 233,916,970
https://links.sgx.com/FileOpen/MIT_Annou...eID=545070
80% Payment Received : $67.6 mil (I assume this figure is inclusive of reimbursement of S$8 mil for the cash left by the Co in MIT Semiconductor ? )
20% Escrow : $16.9 mil
https://links.sgx.com/FileOpen/MIT_Annou...eID=544271
Per share basis
*80% Payment Received : $67,600,000/223,916,970 = $0.3
**20% Escrow : $16,900,000 / 223,916,970 = $0.08
Total gains per share = $0.3+$0.08 = $0.38
*As shared previously, DPS to be distributed from 80% payment rec will be : $0.155+$0.085 = $0.24
http://infopub.sgx.com/FileOpen/Announce...eID=548365
**If Co distributes the $16.9 mil from 20% Escrow Account, it will be $0.07 per share - think this may be from one of the past new releases, together with the $0.02 per share ?
So in terms of per share,
share price(est) vs | confirmed get | subject to conditions(Escrow) | NAV after distribution^
$0.355 | $0.24 | $0.07 | $0.19(of which $0.083 is cash)
^I think the left over CEM portion of the Co. is currently loss making.
Is my understanding right ?
PS : still reading and trying to piece the picture before mkt starts on Mon.