K1 Ventures

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#51
(20-09-2013, 10:27 AM)desmondxyz Wrote: 220 pounds is ard 440 SGD....

So K1 will receive 12.2% x 65% x Majority% x 440 = ?

if Majority = 50%, K1 will receive 17.4 mils or 0.8 cts/share
if Majority = 80%, K1 will receive 27.9 mils or 1.28 cts/share

If there is no debt involved in the acquisition and KU is willingly to pay out the proceeds.

k1 been receiving cash and 'kuti-kuti' distribution in specie from KU. So likely to do the same.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#52
Larry Ellison,The King of Oracle. Winner of America Cup 2013, Oracle Team USA.
Mike Milken, The Junk Bond King. Master of Knowledge Universe.
Keppel Corporation Singapore, King of oil rigs builders.
Ambassador Steven J Green
and penny dreadful stocks name K1 ventures

What have they got in common???

They are all owners of KNOWLEDGE UNIVERSE EDUCATION.
A global leader in Education with a network of 3000 education locations globally.
Headquarters in Singapore home to the most Kiasu Parent and tuition mad nation in the world.
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#53
Gulf Coast Ultra Deep Royalty Trust (GULTU) was created in connection with Freeport-McMoRan Copper & Gold Inc.’s acquisition of McMoRan Exploration Co., which was completed on June 3, 2013. Holders of royalty trust units are entitled to share in a 5% gross overriding royalty interest in future production.
Gulf Coast Ultra Deep Royalty Trust began trading on the OTC on June 4, 2013.

In addition to $14.75 in cash per MMR share, investors will receive 1.15 units in the Gulf Coast Ultra Deep Royalty Trust.
K1 ventures should have in total 2,308,000 * 1.15 = 2,654,200 GULTU shares.
GULTU currently trading at US$2.28
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#54
http://www.forbes.com/sites/christopherh...deep-well/

I would say MMR was brought out at the low point amid troubles with Davy Jones. This GULTU is like a POTENTIAL TIKAM warrant on Davy Jones discovery.

Think it is "You can be a Stock Genius" stock.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#55
SGX-------announcement.
NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of k1 Ventures Limited (the “Company”) will be held at Four Seasons Hotel, Four Seasons Ballroom (Level 2), 190 Orchard Boulevard, Singapore 248646 on Thursday, 24 October 2013 at 2.30 p.m.
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Summary
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1, To declare a tax exempt one-tier final dividend of 2.0 cents per share
2, 10% Share Buy-Back Mandate.
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#56
(02-10-2013, 02:49 PM)High Wrote: SGX-------announcement.
NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of k1 Ventures Limited (the “Company”) will be held at Four Seasons Hotel, Four Seasons Ballroom (Level 2), 190 Orchard Boulevard, Singapore 248646 on Thursday, 24 October 2013 at 2.30 p.m.
-------
Summary
-------
1, To declare a tax exempt one-tier final dividend of 2.0 cents per share
2, 10% Share Buy-Back Mandate.

likely cannot make it. Can someone help ask:

How much has the Guggeheim Partners book value per share grown since k1 invested USD 100m?

Which is the likely exit for the GP stake? IPO or trade sale?
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#57
k1 Ventures owns 12.2% stake in KUH (Knowledge Universe Holdings, LLC). KUH owns approximate 65% stake in KUE (Knowlege Universe Education LP). KUE owns 100% stake in KUE LLC (Knowledge Universe Education LLC). KUE LLC owns approximately 20% K12, INC. K12, INC.

At 30 June 2012, KUE indirectly owned 4,665,083 million common shares and 2,750,000 convertible Series A non-voting shares of K12, Inc (NYSE: LRN). Upon conversion of the Series A shares, KUE will indirectly own approximately 7.4 million
common shares of K12, Inc., which represents approximately 20% of the outstanding shares and valued at approximately US$170 million on 30 June 2012. (k1 annual report 2012)

Whitney Tilson takes a short position on K12. Whitney Tilson is the founder and Managing Partner of Kase Capital Management, which manages three value-oriented hedge funds. Backdrop of the move is presented on an article "An Analysis of K12 (LRN) and Why It Is My Largest Short Position" which can be downloaded here : http://www.tilsonfunds.com/K12-Tilson-9-17-13.pdf

Here’s the summary of why he is short K12’s stock (page 8 of his presentation):
· K12's aggressive student recruitment has led to dismal academic results by students and sky-high dropout rates, in some cases more than 50% annually
o I wouldn't be short K12 if it were carefully targeting students who were likely to benefit from its schools – typically those who have a high degree of self-motivation and strong parental commitment
§ But K12 is instead doing the opposite; numerous former employees say that K12 accepts any student and actually targets at-risk students, who are least likely to succeed at an online school
§ One former employee said: "K12's recruitment of inner-city and at-risk "last resort" students had another benefit – these students used up less of K12's educational and teaching resources while permitting K12 to collect full funding from the states."
o Like subprime lending and for-profit colleges, the business makes sense on a small scale but, fueled by lax regulation and easy government money, the sector has run amok

· There have been so many regulatory issues and accusations of malfeasance that I'm convinced the problems are endemic
o Enrollment violations, uncertified teachers, conflicted relationships with nonprofit charter holders

· I have been looking for years and have not found a single K12 school that is free of scandal and posting even decent (much less good) academic results

· States (and the IRS) are waking up to what K12 is doing and the company is coming under increased scrutiny, which is beginning to impair K12's growth – and I believe this trend will accelerate

· Yet the stock, trading at nearly 50x trailing earnings, is priced as if K12 will continue to grow at high rates for the foreseeable future and also improve on its persistently low margins and free cash flow


<not vested>
Specuvestor: Asset - Business - Structure.
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#58
K1 ventures 2013 Annual Report is out.
Make a point to read them.
and Check out HELM Financial Corp new website.
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#59
Just eyeballing the figures.

Significant Increase in Shares held under Nominees.

DBS Nominees Pte Ltd 55,614,125 2.57
Citibank Nominees S’pore Pte Ltd 52,526,500 2.43
DMG & Partners Securities Pte Ltd 45,189,000 2.09
Lee Pineapple Company Pte Ltd 40,000,000 1.85
Raffles Nominees (Pte) Ltd 29,003,835 1.34

TIF Asia - sold out. Legacy of the Govt dotcom initiative.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#60
Any conclusion from the shareholding change?
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