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06-01-2022, 04:32 PM
This announcement might have slip below the radar but it's huge. NTUC Income is unlocking the value of it's enterprice:
https://links.sgx.com/1.0.0/corporate-an...202022.pdf
For many years NTUC Income has been doing very well and giving out consistent 6% dividend and the occasional bonus div and shares. They are restricted as a co-op to be able to reward more comparable to a corp co much to the displeasure(me included) of many members(yes members and not shareholders as it is a co-op). Now by getting rid of it's co-op structure through this corporatisation they can do anything with a potential of being listed possibly in 2023.
If they do IPO and a BV of around $40+/share, shareholders can expect their shares to rise from current $10(cap as a co-op) to this level. GE is trading at around BV too. A potential major windfall if it's IPO. Keep fingers cross and hold on tight.
For those who is interested in buying more NTUC Income shares, sorry they have stopped selling many many yrs ago. Oldies like me lucky to get it then and it was limited to 5000 shares per member who purchased NTUC Insurance.
https://links.sgx.com/1.0.0/corporate-an...202022.pdf
For many years NTUC Income has been doing very well and giving out consistent 6% dividend and the occasional bonus div and shares. They are restricted as a co-op to be able to reward more comparable to a corp co much to the displeasure(me included) of many members(yes members and not shareholders as it is a co-op). Now by getting rid of it's co-op structure through this corporatisation they can do anything with a potential of being listed possibly in 2023.
If they do IPO and a BV of around $40+/share, shareholders can expect their shares to rise from current $10(cap as a co-op) to this level. GE is trading at around BV too. A potential major windfall if it's IPO. Keep fingers cross and hold on tight.
For those who is interested in buying more NTUC Income shares, sorry they have stopped selling many many yrs ago. Oldies like me lucky to get it then and it was limited to 5000 shares per member who purchased NTUC Insurance.