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22-08-2017, 12:09 AM
Wow, final dividend of $0.065 making for a total of $0.09 for the full year. At the last close of $0.665, that's a yield of 13.53%!
But the more intriguing announcement in my opinion is regarding the sale of their probe card business which is somewhat reminiscent of what happened to Neratel. Sale price is US$65m or S$88.3m and amounting to around $0.528 per share and after the sale, it is almost a certainty that another special dividend will be dished out upon completion of the sale.
The perennial question is how much Ellipsiz's Distribution business is worth and whether there are plans to acquire another business. And why are they selling a business that seems to be growing? Will go do more homework on this when I have the time but in the meantime, I would expect this double good news to cause Ellipsiz's share price to surge tomorrow.
But the more intriguing announcement in my opinion is regarding the sale of their probe card business which is somewhat reminiscent of what happened to Neratel. Sale price is US$65m or S$88.3m and amounting to around $0.528 per share and after the sale, it is almost a certainty that another special dividend will be dished out upon completion of the sale.
The perennial question is how much Ellipsiz's Distribution business is worth and whether there are plans to acquire another business. And why are they selling a business that seems to be growing? Will go do more homework on this when I have the time but in the meantime, I would expect this double good news to cause Ellipsiz's share price to surge tomorrow.