G. K. Goh Holdings

[camelking]

I concede that it has not been that good in deploying its cash in the past but what I am actually implying is that it may not be as bad an investor as you make it out to be. A bad one would be Auric Pacific or Osim (2 years back). In any case, I would not complain too much if the coy is sitting on a huge cash pile, especially in this kind of market. Opportunities will arise and I am sure GK Goh will be in an enviable position this time around with all the cash. Of course, I'd be happy if they distribute some of the cash as well.
The E & O transaction- there is a greater fool in this one. And I don't think it is GK Goh. Have to give them some credit. They could have bought any of the nearly 20 (I think) listed developers in Malaysia but chose this Penang-based one.

I did a rough calculation. After the completion of sale of E&O, GK goh will be sitting on around 60 cents worth of cash without debt. Net asset will be around $1.20. I have excluded the money due to their Futures business's clients.
I suspect they will declare a huge dividend soon. They did that when they disposed GK Goh stock broking years ago.......

Who knows the Goh family may even do a de-listing offer.....Just a guess

part of its debt should be no problem, since they already sold their investment properties which is the reason of that part of the debt. and they did mention they will repay their debt if i am not wrong.

but still 60 cents of cash?

187 mil - 142 mil (current liability) + 100 mil (cash receivable from E & O) = 145 mil

145 / 317 mil = 45 - 46 cents only.

no, i didn't use the current liability. I used the amount due to clients which is stated in cashflow statement.

From the sale of property at Tanjong Pager, the cash portion will be around 66.5cents

GK Goh declared 6 cents dividend....plus the 2 cents declared for interim..that will be 8 cents....

It pays to read announcement....